Which Degree is Best for Finance in 2024?

Which Degree is Best for Finance in 2024?

As the finance industry rapidly evolves with the advancements of technology, it is important to find the right finance degree for you. Understanding what type of finance courses in Singapore is best for you can depend on the area you’d like to specialise in and the skills you have and would like to grow. Read on to see how you can set a good foundation for success in finance in 2024.

1. Master of Business Administration (MBA)

A Master in Business Administration (MBA) could be the best degree to pursue if you are looking to learn more about business operations and financial management. Oftentimes, an MBA in Singapore can include specialisations in finance and other related fields, which could be beneficial to you overall.

2. Finance Degree

A Bachelor’s degree in finance could be beneficial as it will provide you with a comprehensive understanding of financial markets, corporate finance and investment strategies, which could be a solid foundation if you are looking to apply for roles as a financial analyst, planner or investment banker. Typically, a finance degree is the minimum requirement to dip your toes in the finance world.  Doing this degree takes, on average, 3-4 years to complete. If you are looking to learn about how to apply finance in the real world, majoring in finance might be the best degree for you.

3. Business Degree

A business degree is undoubtedly a smart investment for your future. It will help you build a strong foundation in management, accounting, economics and marketing, which will provide you with the necessary financial skills for roles as a financial analyst, investment banker and financial manager. A degree in business provides board knowledge, which allows for wider and more versatile careers in finance.

A business management degree, on the other hand, focuses specifically on the principles of management and leadership, preparing you for executive and managerial roles within the finance industry and beyond.

4. Financial Technology (FinTech) Degree

A degree in Fintech combines knowledge in the finance industry with cutting-edge technological innovations. As technology advances and the financial landscape evolves, it is important to stay up to date with new technologies in finance. Graduates can gain expertise in areas like cryptocurrency, artificial intelligence and data analytics, which are becoming more important in modern financial services. If you want a career that keeps you ahead in the dynamic financial landscape, this degree might be for you.

5. Economics Degree

If you are looking to pursue roles in economic research, policy analysis and financial consulting, a Bachelor’s in economics might be the degree for you. This programme focuses on economic theory and policy which provides a deeper understanding of how economic factors affect the financial markets. It will equip you to work in various sectors, including banking, insurance, government and corporate finance.

6. Accounting Degree

An Accounting degree may be the best for finance as it provides a strong foundation in financial reporting, auditing, and taxation, which is crucial for many financial roles in 2024. The knowledge you learn and the skills you develop will be directly applicable to many roles in the finance industry, which opens you up to a diverse career path.

7. Banking Degree

Pursuing a banking degree is the way to go if you are looking for a career in finance, specifically in financial analysis, investment banking, credit risk analysis and leadership positions in the finance sector. This programme will equip you with skills that are essential for banking institutions and financial services.

8. Degree in Computer Science/Information Technology

As the finance industry grows and evolves with the advancement of technology, a degree in computer science or information technology may be highly valuable to you. These programmes equip you with the essential skills for developing financial algorithms and systems, which are highly sought after in this industry. Additionally, pursuing a Master’s in data science can further enhance your expertise, making you one of the driving innovators in your field.

9. Corporate Law

If you are looking for roles in some of the highest-paying jobs in high finance,such as financial consulting,  investment banking and corporate finance, equipping yourself with skills in contract law, risk management, negotiations, and conflict resolution is essential. A degree in corporate law will be highly valuable to you as it offers a deeper understanding of corporate governance and compliance while teaching you what you need to know about risk assessment and its best practices. This will significantly enhance your critical thinking and problem-solving skills.

Making the Right Choice for Your Future in Finance

Each of these degrees will provide you with the necessary knowledge and skills to succeed in the finance sector. Choosing one will require you to evaluate your current skill set and where you want to grow or specialise.