Top Careers You Can Get with a Master's in Finance

Earning a Master of Science (MS) in Finance opens doors to some of the most lucrative and fulfilling careers in today’s economy. The advanced knowledge and skills you gain can prepare you for roles that shape financial strategies for businesses, governments, and individual clients. If you’re considering earning a master’s in finance, here are the top careers to consider, their potential salaries, and why they’re in demand. 

1. Financial Analyst

   • What they do: Financial analysts assess the financial performance of companies, industries, and economic trends. They provide insights to help businesses make informed investment decisions. 
   • Job growth outlook: The Bureau of Labor Statistics (BLS) projects a 9% job growth rate for financial analysts by 2033, much faster than the average for all occupations (4% by 2033).  
   • Salary: The median annual wage for financial analysts was $99,010 in May 2023.  
   • Why it's in demand: Financial analysts drive economic growth and investment decisions. Their expertise is sought after by corporations, investment firms, and government agencies. 

2. Investment Banker

   • What they do: Investment bankers help companies raise capital through mergers, acquisitions, and initial public offerings (IPOs). They also advise on strategic financial decisions.  
   • Job growth outlook: The BLS projects a 7% job growth rate for securities, commodities, and financial services sales agents, a category that includes investment bankers.  
   • Salary: According to Ziprecruiter.com, investment bankers earn an average annual salary of $118,333. 
   • Why it's in demand: Investment banking is a prestigious and lucrative career path that offers opportunities to work on high-profile deals and shape the financial landscape. 

3. Risk Manager 

   • What they do: Risk managers identify, assess, and mitigate risks that could harm an organization's financial health. They develop strategies to minimize potential losses.  
   • Job growth outlook: The BLS projects a 9% job growth rate for risk management specialists.  
   • Salary: The median annual wage for risk management specialists was $106,090 in May 2023.  
   • Why it's in demand: As businesses face increasing complexity and uncertainty, the demand for skilled risk managers continues to grow. 

4. Corporate Finance Manager 

   • What they do: Corporate finance managers oversee a company's financial planning, budgeting, and analysis. They work closely with senior management to make strategic financial decisions.  
     
   • Job growth outlook: The BLS projects a 17% job growth rate for financial managers by 2033, much faster than the average for all occupations. 
     
   • Salary: The median annual wage for financial managers was $156,100 in May 2023.  
     
   • Why it's in demand: Strong financial management is essential for the long-term success of any organization. 

5. Financial Consultant 

   • What they do: Financial consultants provide personalized financial advice to individuals and businesses. They help clients with investment strategies, retirement planning, and tax planning. 
   • Job growth outlook: The BLS projects a 17% job growth rate for personal financial advisors, a category that includes financial consultants.  
   • Salary: The median annual wage for personal financial advisors was $99,580 in May 2023.  
   • Why it's in demand: As people become more financially savvy and seek personalized advice, the demand for financial consultants is rising. 

6. Data Scientist

   • What they do: Data scientists use analytical tools and techniques to extract meaningful insights from data.  
   • Job growth outlook: The BLS projects a 36% job growth rate for data scientists, much faster than the average for all occupations.  
   • Salary: The median annual wage for data scientists was $108,020 in May 2023. 
   • Why it's in demand: Data science has become a critical tool for businesses, and skilled data scientists are in high demand across various industries. 

7. Investment Analyst 

   • What they do: Investment analysts research stocks, bonds, and other securities to identify investment opportunities. They provide recommendations to clients and manage investment portfolios.  
     
   • Job growth outlook: The BLS projects a 7% job growth rate for securities, commodities, and financial services sales agents, a category that includes investment analysts.  
     
   • Salary: The median annual wage for investment analysts was $ 99,010 in May 2023.   
     
   • Why it's in demand: As investors seek to maximize returns, the demand for investment analysts who can identify promising investment opportunities is strong. 

8. Financial Planner 

   • What they do: Financial planners help individuals and families manage their finances, including budgeting, retirement planning, and estate planning.  
   • Job growth outlook: The BLS projects a 7% job growth rate for personal financial advisors.  
   • Salary: The median annual wage for personal financial advisors was $99,580 in May 2023.  
   • Why it's in demand: As people become more financially complex, the need for expert financial advice is increasing. 

9. Chief Financial Officer (CFO) 

   • What they do: CFOs oversee a company's financial operations, including budgeting, forecasting, and strategic financial planning.  
   • Job growth outlook: The BLS projects a 17% job growth rate for financial managers.  
   • Salary: The median annual wage for financial managers was $156,100 in May 2023. Bonuses and stock options often contribute to their overall compensation. 
   • Why it's in demand: CFOs play a crucial role in the success of any organization, making them desired by companies of all sizes. 

How the Online MS in Finance from LSU Prepares You for These Careers 

If you’re interested in a finance career, the online Master of Science in Finance from LSU provides the advanced knowledge and practical skills needed to pursue these lucrative roles and more. The flexible, comprehensive curriculum equips graduates with the all tools to thrive in the modern job market. Whether you're aspiring to become a financial analyst, investment banker, or CFO, this degree can set you up for success. 
 
Ready to get started? Learn more about the online master's degree in finance from LSU and apply today.