Is finance a regretted major? (2024)

Is finance a regretted major?

Other majors that graduates are less likely to regret include quantitative fields, such as engineering, health care, business, and finance. On the other hand, the most-regretted majors are journalism, followed by sociology, and liberal arts.

Do finance majors regret their major?

The top majors those surveyed said wish they would've chosen were computer science (13%), business (8%), engineering (6%), nursing (5%), finance (4%), history (4%), biology (4%), law (4%) and psychology (4%).

Are finance majors happy?

Overall, finance students rate their satisfaction with their degree a 3.1 out of 5.

Is my finance degree useless?

Overall, a finance degree is worth it for many aspiring professionals. According to the BLS, careers in business and finance can pay above-average salaries and are projected to have above-average growth over the next several years.

Is a finance major a good major?

A career in finance can be very lucrative. The average salary for a finance major is $101,038. Pursuing a career as a financial advisor or another form of financial sales can go well beyond this number, whereas a career in corporate America or the government typically stays close to it.

What is the least regretted major?

Business is often considered the least-regretted major, which means that individuals who choose business degree programs are ultimately more satisfied with their career path than those who choose to pursue other majors. After achieving your BBA, the sky is the limit.

What is the number one regretted major?

The most-regretted college major is journalism, according to the study. Eighty-seven percent of those graduates sampled said they would choose a different major if they could.

Is finance hard if you're bad at math?

It's normal to have these thoughts and it's good to ask these kind of questions before you get into it. Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators.

What type of person should major in finance?

People who choose to major in finance are interested in numbers, financial markets, and finding ways to make money. They tend to be natural problem-solvers who like setting goals and researching ways to reach them.

Is finance a stable career?

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

What are the cons of finance major?

The median annual wage for business and financial occupations is $46,310 higher than the median annual wage for all occupations. Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.

What are the cons of a finance degree?

Cons of getting a finance degree

Long hours: Many finance jobs require long hours, particularly in investment banking and other high-pressure roles. Stressful work environment: The finance industry can be stressful, particularly during economic uncertainty or market volatility.

Why not to study finance?

One thing to consider when choosing to study finance is that much of what you study during your degree program will include a mix of economics and accounting, which is naturally going to require at least some math, so if you absolutely detest math, then this may not be the right degree for you.

Is finance a smart major?

Yes, a finance major is a good major for many undergraduate students. The Bureau of Labor Statistics is projecting 5% job growth in business and financial occupations over the next 10 years. Financial advisor, budget analyst, and investor relations associate are some common careers in the field.

Do finance majors make 6 figures?

Finance can be a fiercely competitive field. It's a famously high-paying industry known to deal out six or seven figures in salaries and bonuses for those at the top. Even those on the bottom rung can expect to start at a good wage compared with other fields.

Is finance a tough major?

Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.

What is an unpopular major?

Among the least common majors in the US between 2020 and 2021 was Architecture and Related Services with only about 9,296 students earning their degree in the major. The area of study focuses on engineering, art, drawing, designing, the theory of design, layouts, and the history of architecture.

Which majors are happiest?

What is the happiest major? According to a 2022 ZipRecruiter survey, people were happiest with their college major if they had majored in computer and information sciences, criminology, engineering, nursing, health, business administration, finance, or psychology.

What is the most dropped degree?

What majors are declining?

The humanities and social sciences face the most significant threat, while physics, engineering, and similar fields have also felt the pinch post-COVID-19. As colleges continue to face enrollment declines and financial stress, many are turning to cutting less-popular majors.

What is the lowest paying major?

What is the most regretted job?

Does finance pay well?

Salaries in the finance industry

According to the U.S. Bureau of Labor Statics (BLS), careers in finance pay a median salary of $76,850 — 66% higher than the median salary for all occupations in the nation ($46,310).

What's harder finance or accounting?

While both finance and accounting can be difficult majors, accounting is considered more difficult because it requires more discipline and a lot of math. Accounting is more complex because it relies on precise sets of arithmetic principles.

Is finance a STEM major?

The STEM field is a broad one, and it includes many of the most vital, well-researched, and well-funded disciplines in the world. And yet, accounting and finance were never officially recognized as components of the STEM curriculum. Not until recently, that is.