A Matter of Scope: Business vs. Finance Degree
Business Degree Overview
What Do Business Degree Graduates Do?
- Marketing Manager: These professionals generate interest, leads, and sales for businesses, brands, products, or services. They do so by creating and executing marketing programs and campaigns. They collaborate with art directors, advertising teams, and other stakeholders such as product managers to develop marketing strategies.
- Human Resources (HR) Specialist: Also known as an HR manager, this role serves as a connection between management and the employees in an organization. HR managers oversee everything from recruiting and interviewing to hiring and strategic planning.
- Management Analyst: Also known as management consultants, these professionals advise managers in different organizations regarding methods and techniques to increase revenue and reduce costs. They help increase efficiency by recommending new strategies, procedures, systems, and other organizational changes.
Finance Degree Overview
What Do Finance Degree Graduates Do?
- Personal Financial Advisors: Personal financial advisors are professionals who help individuals manage their finances by providing advice and guidance on financial investments, insurance, mortgages, savings, taxes, and more. They use their financial expertise to educate clients about finances, investments, and savings plans for college or retirement.
- Financial Analysts: Similar to advisors, analysts help businesses and individuals make investment decisions. However, financial analysts assess a client’s portfolio, which may include individual investments or collection of investments such as stocks and bonds.
- Accountants: Also known as auditors, these professionals examine financial records to ensure accuracy and correct tax payments. They also assess the operations of financial organizations or businesses to increase efficiency and ensure compliance with financial regulations.
Similarities Between Business and Finance Degrees
- Both exist in the business realm and include similar coursework, specifically in the first few semesters.
- Students will likely take courses in accounting, statistics, economics, and business.
- Business and finance degrees both require the practical application of math skills.
- Students of both degrees learn similar soft skills, including leadership and communication.