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Finance Careers Are Readily Available for Those With an MSF Degree

Careers with a finance degree are expansive for those individuals looking to excel in their field. A 2017 report conducted by the Certified Financial Analysis Institute shows the finance industry — which employs 2 million workers and manages around $100 trillion in assets — is ripe for growth and change. A combination of increased government regulations and a number of megatrends drives the industry toward a newly envisioned future, one seen through an ethical and analytical lens. While the vision to create the future might be clear, industry leaders say current employees and incoming candidates don’t have the necessary skills to build it.

While some finance careers see a growth rate as high as 30%1, positions remain challenging to fill.

The online Master of Science in Finance from The University of Scranton uniquely prepares today’s professionals to exceed new industry demands while staying true to the Jesuit values. The University bases its curriculum in the Jesuit tradition which places academic rigor and ethical professional practice at the core of each program — by graduation, these values automatically guide critical business decisions.

Explore Excellence with Master of Science in Finance Career Options

Your MSF degree from The University of Scranton uniquely positions you for excellence in highly paid careers well positioned for growth. Below are options for careers with a finance degree:

  • Personal Financial Advisors1
    Personal financial advisors help individuals and families plan for a prosperous future that meets lifetime goals. They provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances. In addition to financial data analysis, personal financial advisors must be skilled in client communication and presentation so their message is easily understood by those with little to no knowledge of financial language and the implications of their decisions.
    Median Annual Wage: $90,530 Growth Rate: 30%
  • Financial Examiners2
    Financial examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management. Financial examiners most often work for the finance and insurance industry, the federal government, or state governments.
    Median Annual Wage: $79,280 Growth Rate: 10%
  • Financial Analysts3
    Financial analysts evaluate current and historical financial data to provide guidance to businesses and individuals making investment decisions — assessing the performance of stocks, bonds, and other types of investments. They most often work in banks and insurance companies, and they are often responsible for managing pension funds. The leading cause of growth in this industry are an increasing rage of financial products and the need for in-depth knowledge of geographic regions.
    Median Annual Wage: $81,760 Growth Rate: 12%
  • Financial Managers4
    Financial managers are responsible for the overall financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. They also seek ways to reduce costs and analyze market trends to maximize profits and even find opportunities to expand.
    Median Annual Wage: $121,750 Growth Rate: 7%

Become an Employer’s First Choice When You Master These Hard-to-Find Skills

Industry executives say there are important financial skills that are difficult to find in current and incoming employees, but that are critical to building the new future of finance. Below are the percentage of leaders who say these skills are absent in industry professionals.

  • 53% Ability to articulate a compelling vision for the institution
  • 52% Sophisticated knowledge of IT
  • 42% Ability to install a culture of ethical decision making
  • 37% Specialized Financial Analysis Skills
  • 33% Understanding of corporate governance regulations
  • 32% Knowledge of Science, Engineering and Mathematics
  • 27% Relationship Building Skills

Prepare Yourself For the Industry’s Top 3 Expectations

Megatrends — trends that effect many industries on different levels — shaped new and challenging changes in the finance industry. For instance, the average age of humans is increasing. In finance, that means more people need to be financially prepared to handle inflated healthcare costs as well as the daily expense of living longer, and more professionals are needed to help them reach their goals. Additionally, technology that empowers organizations and individuals to make their own investment decisions alters what services the finance industry offers. Lastly, the headline-grabbing scandals of the last decade led to increased regulations, and a demand for professionals who can profit within them.

Percentage of Investment Leaders Who Expect These Factors to Be Impactful.

  • 73% expect environmental, social and governance factors will become more influential
  • 55% expect globalization will offer new opportunities for investment professionals
  • 48% expect technology will offer new opportunities for investment

Advance Your Career with a Finance Degree in 1 Year — Find Out More.

Prepare to advance your career quickly with The University of Scranton’s online Master of Science in Finance — Request More Information or speak with one of our Program Managers at 866-373-9547.

We also offer these career-related resources exclusively to our students:

The Gerard R. Roche Center for Career Development helps students with career decisions that are consistent with their unique talents and aspirations. The center is in constant conversation with recruitment partners and focuses on two different areas for student success: preparation and opportunities.

The team of professional counselors work directly with students to provide individual and group counseling services (in person, Skype, or via phone). Students can receive assistance with resume writing, interviewing, and job search techniques. Students and alumni can access job postings by employers looking to hire Scranton alumni. Other resources include:

  • The Vault: A comprehensive online resource library for industry and employer research, rankings, internships, and job postings. Most popular - their guidebooks! Students can download the books free!
  • Big Interview: An online mock interview tool allows students to practice their interview skills at any time. Students have access to a database of questions with feedback provided by a contact in their network (alum, colleague or career counselor). This also helps students feel more comfortable in the virtual interview environment.
  • Handshake: This tool can help you make the most of your future career choices. Handshake allows students to interact with the over 5,000 employers connected with The University of Scranton. Handshake is your hub for finding jobs, internships, career-related events and content tailored to fit your needs and interests!

Students and alumni may contact the Center for Career Development directly at (570) 941-7640 or careers@scranton.edu.

Resources and Citations

https://www.cfainstitute.org/programs/cfaprogram/Pages/index.aspx?WPID=Programs&PageName=Homepage

1 https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
2 https://www.bls.gov/ooh/business-and-financial/financial-examiners.htm
3 https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm
4 https://www.bls.gov/ooh/management/financial-managers.htm