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3 Finance Degrees That Don’t Need a Bachelors in Finance

The finance sector is a fast growing industry. There has been a rise in jobs available in the finance industry. In 2022 itself, there was an 87% increase in the number of jobs for asset managers. This sector offers great compensation and the growth that today’s generation is looking for. But many of you might not have a finance background. If you are someone looking to switch to the finance sector, you should consider doing a master’s in finance. Here are 3 finance degrees that you can pursue in 2023, to make a switch in the finance sector with a bachelor’s in finance. 

What is a career in finance? 

A finance career primarily deals with money matters. But if you mention a career in finance, and imagine constantly handling money, then you would be wrong. A finance job can be of various types. These jobs can range from accountancy, bookkeeping to investment advisor and financial analyst. A job in the insurance sector also falls under finance in the broader purview. 

3 finance degrees that don’t need a bachelor’s in finance 

When someone is pursuing a career in finance, it is important to understand which sector they want to choose and take the career path accordingly. But what about someone who does not have a finance background? There are degrees that do not have a prerequisite of a bachelor’s degree in finance. Let us take a look at three such top finance degrees. 

Master of Science in Finance (MS in Finance) from the George Washington University School of Business (GWSB)

This program is a great combination of financial theory and applied components. This helps you to have a clear foundation in finance as well as a comprehensive range of industry-specific knowledge. It also includes components of leadership skills and communication techniques that will help you prepare for management roles. It prepares learners for various career options in finance. GWSB MSF also qualifies as a STEM (Science, Technology, Engineering, and Mathematics) designated program for Optional Practical Training (OPT) purposes, which offers the potential for international students to work in the US for a total of 3 years. Giving learners a convenient way to transition from learning to working.

Master of Science in Applied Finance (MSAF) from the George Washington University School of Business (GWSB)

This year-long program is designed to produce leaders in the global world of finance. As a participant of the MSAF, you will learn about risk management, financial engineering, banking, corporate finance, and portfolio analysis and management in order to cement your professional standing in the field. The curriculum is designed in such a way that it combines quantitative and computer skills with financial theory and applications. This program also qualifies as a STEM (Science, Technology, Engineering, and Mathematics) designated program for Optional Practical Training (OPT) purposes. This gives learners the opportunity to start their career in the US immediately for a total of 3 years before transitioning to a work visa (H1-B, etc.). 

Global Master of Science in Finance (Global MS in Finance) from the Richard DeVos Graduate School of Management

This finance degree is engineered around the most advanced financial theories, quantitative models, and industry practices. It will prepare you to meet requirements across a broad range of modern career opportunities in sought-after established financial institutions, asset managers, consulting firms, investment and corporate banks, brokerage firms, financial data providers, ratings firms, hedge funds, venture capitalists, insurance companies, fintech, etc. It has an integrated curriculum, including a capstone course and several courses focused on building a rigorous background in the technical fundamentals of financial analysis and developing critical thinking skills. Upon the completion of this course, you will be eligible to participate in the US OPT – Optional Practical Training program for F-1 students upon the completion of your MSF degree, allowing you to stay in the US while you start your career in finance

Key benefits of getting a finance degree

  1. Helps you find work with varied employers: Getting into finance without a degree is not unheard of but after you get a degree, you open yourself to so many more opportunities. Many large corporations prefer candidates that have a degree and often keep it as an entry barrier. Getting a degree lets you apply to all sorts of employers as it guarantees them that you know the basis of the subject. 
  2. Prepares you for real-world jobs: A master’s degree in finance such as MSAF from the George Washington University School of Business, ensures that you are prepared for jobs in the real-world. A degree like this includes aspects that ensure scenarios which are as close as possible to real-life. 
  3. Helps you prepare for certification: If you want to advance in your finance career, there is a need for some certification courses such as Chartered Financial Analyst (CFA) certification and the Financial Risk Manager (FRM). A master’s degree in finance helps you prepare for such certifications. The Global MSF degree has been made keeping in mind that their participants are likely to apply for CFA certification
  4. Gain good compensation and stability: A finance career is such which offers stability and good compensation. Here are salaries of some important job profiles in finance sectors that you can pursue after finance degrees. 
  • Financial planner average salary: $71,924 per year 
  • Accountant average salary: $52,403 per year
  • Financial auditor average salary: $48,065 per year
  • Financial advisor average salary: $73,411 per year
  • Financial analyst average salary: $70,293 per year
  • Wealth manager average salary: $83,796 per year
  • Financial manager average salary: $89,226 per year
  • Finance associate average salary: $55,434 per year

Looking at the growing career options in the finance sector, doing a master’s degree in finance can boost your career to a great extent.


Some of the good career options in finance are accountant, investment analyst and wealth manager.

The highest paying jobs in finance are chief financial officer (CFO) or VP of finance. Getting a MSAF degree from the George Washington University School of Business would help if you are aiming for an executive level position like this. 

As people working in financial position in-charge of handling the finances of the company, they are expected to make very less errors. To ensure minimal errors they need highly experienced professionals they are given high salaries. High compensation is also paid as encouragement for dedicated and loyal work. 

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