Top Career Paths You Can Pursue with a BSc in Financial Management

What Is a BSc in Financial Management?

Have you ever considered pursuing a financial management degree at university? Financial management courses are popular among students worldwide who seek in-demand finance and business skills.

A BSc in Financial Management is a three-year undergraduate degree typically offered full-time or  part-time.  A financial management course aims to equip students with a foundational knowledge of financial and management principles to inform strategic decision-making. 

Find out how a BSc Financial Management programme blends academic theory with real-world case studies to help you launch a career in finance.

Importance of Financial Management

Financial management is integral to the success of any organisation, whether a leading multinational company or an innovative start-up. It encompasses various financial management principles, including strategic planning, resource allocation, budgeting, forecasting and financial reporting to ensure business sustainability and growth.

Financial management graduates are in high demand in the financial industry, as they help organisations navigate risk, optimise funds and deliver shareholder value. The importance of financial management is also highlighted by safe investment opportunities, the optimal utilisation of funds and the maintenance of funds to support the organisation.

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How to Enrol in a BSc Financial Management Degree

Those seeking a financial management degree must find a course offered by a higher education institution tailored to their career goals and interests.

To enrol in the BSc Financial Management degree at the London School of Business and Finance (LSBF), applicants must meet various entry requirements, submit application documents and prove English proficiency if English is not their native language.

Learn more about the entry requirements to pursue LSBF’s BSc Financial Management course and enrol here.

Financial Management Skills That Make You Career-Ready

A financial management course helps students develop strong financial management skills that employers highly value. Combining in-demand technical and soft skills enables graduates to pursue various financial management jobs.

Here are some of the key skills to pursue a career in finance:

• Financial planning and analysis
• Strategic and analytical thinking
• Quantitative methods and data interpretation
• Investment and portfolio management
• Budgeting, forecasting and financial reporting
• Research methods

Responsibilities in Financial Management Jobs

Those pursuing financial management careers must be prepared to carry out diverse job responsibilities, from managing funds to communicating with stakeholders. Below are a few common responsibilities for financial management jobs:

• Analyse and report on financial performance
• Identify, assess and manage financial risks
• Prepare and manage budgets and financial forecasts
• Ensure compliance with industry regulations and ethical standards
• Support transactions and audits
• Manage stakeholder communication and provide guidance
• Assist in the development and implementation of financial strategies

Career Paths After BSc in Financial Management

A career in finance offers many benefits, including global employment options, strong job stability and high earning potential. According to Glassdoor, the financial management average salary in the UK is approximately £53,000 per year.

Let’s explore some popular career paths after earning a BSc Financial Management degree:

Compliance Officer

– Ensures organisations adhere to legal and regulatory financial frameworks.

ESG Reporting Analyst

– Collects, analyses and reports on a company’s ESG performance data.

Treasury Analyst

– Manages a company’s cash flow, investments and financial risk to maintain financial stability.

Financial Controller

– Oversees accounting operations and financial reporting processes to ensure accuracy and high performance.

Cost Analyst

– Evaluates the costs associated with a company’s operations, products or services to identify inefficiencies and recommend cost-saving strategies.

Forensic Accountant

– Analyses financial records and transactions to investigate financial discrepancies and fraud.

M&A Analyst

– Conducts financial modelling and company valuations to support mergers, acquisitions and other corporate transactions.

Fintech Analyst

– Analyses financial technologies, industry trends and digital innovations to support the development and adoption of tech-driven financial solutions.

Common Challenges in Financial Management Careers

A successful financial management career requires navigating various challenges impacting an organisation’s financial performance and long-term sustainability. Here are some of the key financial management challenges:

• Maintaining accuracy in financial planning
• Complying with evolving financial regulations
• Integrating advanced financial technology
• Analysing complex financial data

Finance professionals overcome these common financial challenges through various strategies, including engaging in continuous learning and professional development, building a diverse network of finance experts and embracing modern financial technology and software.

Pursue a Financial Management Course at LSBF

Are you interested in pursuing a career in finance? LSBF offers a full-time or part-time BSc Financial Management course delivered 100% online.

With the flexibility to study from anywhere in the world and multiple start dates, this financial management course provides the perfect platform to launch a successful career in finance. LSBF graduates gain relevant financial management qualifications and the skills to access high-paying financial management jobs across various sectors.

So, what are you waiting for? Invest in your career by enrolling in the BSc Financial Management programme at LSBF today! Learn more here.

FAQs

What industries can I work in with a financial management degree?

Finance isn’t the only industry you can work in after earning a financial management degree. Graduates can explore employment opportunities in various industries, including banking, consulting, fintech, healthcare and real estate.

Is financial management only for people who are good at maths?

While numerical skills are important, financial management careers require various other skills and abilities, including strategic decision-making, communication and critical thinking.

What is the average starting salary after a BSc in Financial Management?

According to Glassdoor, the financial management average salary in the UK is approximately £53,000 per year.

Can I work in fintech with a BSc in Financial Management?

Yes, earning a BSc in Financial Management degree provides the financial knowledge and analytical skills required for fintech roles. Many fintech roles value candidates with skills and experience that can be transferred between technology and finance, such as data analysis and digital banking.