Both finance business administration and finance degrees could provide equal working opportunities in different business sectors.
For this reason, finance and business administration are two of the most preferred university degrees.
However, some of you may still be confused about the difference between the two degrees. Here are the differences between the two degrees in terms of the subject of study and working opportunities.
A finance degree puts a greater emphasis on investments and financial institutions. On top of that, students with a finance degree will typically dig deeper into the topic of global and corporate finance. In addition, students will also have the chance to learn about investing.
For those reasons, the subject of study revolves around hard financial skills, such as financial analysis, financial market, and accounting.
If you’re interested in applying for a finance degree in college, you’ll need a substantial background in mathematics.
Since it revolves around finance, advanced knowledge of algebra is also required. So, if you consider yourself weak in those subjects, you’ll have a hard time with a finance degree.
Finance degree graduates will possess specialized knowledge in a finance-related field. In terms of working opportunities, finance degree graduates typically prefer the career path in banking, money management, investment banking, and real estate business.
Finance Business Administration
Business administration degrees are typically offered as a Bachelor of Business Administration (BBA) or a Bachelor of Science in Business Administration (BSBA).
This type of degree offers a grounded knowledge of the world of commerce. Unlike a finance degree, business administration study revolves around interpersonal skills, such as human resources and team management.
With a finance business administration degree, you will be involved in a lot of group projects. Unlike the finance degree, business administration puts less emphasis on mathematics.
However, you’ll still need to learn the basics of algebra to ease your study. Moreover, most business administration schools will encourage their students to get involved in leadership courses and organizational behavior.
As a business administration graduate, you’ll possess the ability to manage people involved in a business.
For this reason, business administration graduates are likely to work as training and development specialists, sales managers, and market search analysts.
So, those are the differences between finance business administration and a finance degree. To sum up, finance degrees are more specialized in different financial fields, such as investment and banking.
On the other hand, business administrations are focused on business resource management. Despite the difference, both degrees provide equal working opportunities in various business sectors.