An Online Finance Degree Can Open Doors To A New Career

Earning an online finance degree from an online university, college or business school can open up many opportunities to work in the field of finance. There are the typical levels or degree programs available in finance as in many online college degrees. Associates degree is the basic degree level all the way to an MBA (Masters of Business Administration) or Doctorate. The online finance degree offers additional benefits to students and college faculty in regards to flexibility of scheduling and course instruction.

An Associate’s Degree is the basic level of achievement in almost any degree program online and will typically take about 2 years to complete. The Associate’s degree might be satisfactory for entry level employment at credit unions and banks, or possible smaller accounting firms.

A Bachelor’s Degree is the next level and is usually referred to as a “four year degree” as it should take approximately 4 years to complete. The Bachelor’s Degree is much more widely accepted when seeking employment in the field of finance and the opportunities for employment are much broader with a Bachelors Degree. Banking, large accounting firms, investment firms and financial planning companies might typically be looking to hire graduates of a four year Bachelor’s Degree program. A finance degree can also prepare a student for further degree programs such as an online marketing degree or any number of other online college degrees.

The Master’s Degree is where the best job offers reside and an MBA is the ultimate Master’s degree when it comes to an online finance degree. A Master’s Degree holder is eligible for just about any job in the finance field right out of college. Businesses look at graduates holding Master’s Degrees or MBA’s as having the right education and training to step right into an upper-level job.

Some of the different specialties within finance are:

Credit Analyst
Investment Banker
Financial Planner
Financial Advisor
Finance Officer
Loan officer

Many of these career choices are obviously in the banking and investment sector but many large corporations and companies require a finance officer or an upper level manager with a finance background to help maintain the assets of the company.

An Online Finance Degree also offers the flexibility of online college degree programs in that students are often able to continue their current employment while attending college. This flexibility is what makes online degree programs so attractive to potential students who are already employed in their chosen field or who have other family and work obligations.

Earning an Online Finance Degree is definitely a big step forward if you are working in the finance field or want to begin a career in the field of finance. Getting your finance degree online will allow you some flexibility to work at your own pace in order to achieve the level of education and career advancement you desire.

What if you just can’t seem to get ahead in life?

I know how hard it can be when your stuck between a rock and a hard place. You want to go back to school so you can get a better job, a better life. But how do go to school when you have a job that you need to pay the bills? There is a way!

Stop Working Hard and Grow Money on Trees

For the average person today, getting ahead financially seems like an almost impossible feat. It’s difficult for many to envision ever escaping the rat race when the cost of living is so high and wages are so low. Seeing no way out, most just suck it up and push through, trying to make the “best of it” the only way they know how – by working harder.
WORKING HARD DOESN’T WORK
The problem with this approach is that the rules of money have changed, and working hard simply doesn’t work anymore. Most people have no idea that the rules of money have changed and that they are being penalized for playing by the old rules. Working hard used to work. Saving money used to work. However, after the rules changed in 1971, working hard and saving money progressively makes you poorer.
Because of a lack of financial education, a number of people find themselves metaphorically attempting to push a boulder up the side of a hill. A very few might make it, but for the majority the hill wins. This is what life is like today for those who don’t have a financial education and choose to play by the old rules and work hard.
The new rules require that your money work hard for you, instead of you working hard for money. You can look at this as “growing money on trees.” The rich don’t work hard for money. The rich have their money grow on trees, and so should you!
WORK TO ACCUMULATE ASSETS
The rich work to accumulate assets. In very simple terms, assets are things that place money in your pocket. Some examples are businesses, stocks, real estate, and precious metals. When we speak of growing money on trees, the asset is represented by the tree. Whether it is a business, real estate, stocks, or precious metals, the tree – as an asset – represents something that places money in your pocket.
How the asset performs is represented by its quality of DIRT. DIRT stands for debt, inflation, retirement, and taxes.
IT’S ABOUT HAVING GOOD DIRT
Having a sound financial education provides you the ability to increase the amount of money that goes into your pocket because of a high quality of DIRT. The poor and middle class suffer due to a lack of financial education. This is why they end up deeply in debt, destroyed by inflation, sold the riskiest of investments, and paying the highest in taxes.
Playing by the old rules is a losing proposition and dangerous! Learn to have your money work hard for you. Learn to grow your money on trees through assets – just like the rich.

What Constitutes Undue Hardship?

When it comes to declaring bankruptcy in order to avoid paying off government student loans, borrowers must prove that continuing to pay a loan would cause undue hardship. In the 11th Circuit, we have what is commonly known as the Brunner Test.
Outside of the Bankruptcy Courts, an individual may also qualify for a discharge of their student loans. The Department of Education has a set of criteria that constitute what undue hardship actually is, and who is eligible for this type of relief.
If you are considering bankruptcy, it is important to speak with an experienced bankruptcy attorney that also has experience with student loan terms. Prior to meeting with your attorney, here are some of the things that you may want to further discuss.
Undue Hardship Definition
According to the Department of Education, here are the criteria for declaring undue hardship in relation to student loans and bankruptcy.
Veterans that have been considered by the Department of Veterans Affairs to be unable to find employment as a result of a service-related injury.

Whether or not a borrower’s health has changed significantly since the original loan amount was determined.

Whether or not a borrower has tried to pursue other loan terms including Income Sensitive Repayment. If you are attempting to claim undue hardship but have not tried to declare Income Sensitive Repayment or settle on any other loan terms with your lender, a lender may not accept an undue hardship claim.

Whether or not a debtor has filed for bankruptcy due to circumstances out of his control, and whether or not those circumstances will impact the debtor’s ability to repay a loan.

There are many other factors that go into determining whether an undue hardship claim will be accepted as a reason for federal student loan relief. Rather than try and argue this claim on your own, it’s best to speak with a qualified attorney today in order to determine whether or not you can make this claim, and how you can defend this stance.
Defining Undue Hardship
As it stands, Congress has not technically defined what “undue hardship” is. As such, it is often the decision of federal courts to determine whether or not this claim is valid. In order to determine the validity of such a claim, the court system uses two different methods to weigh criteria. These methods are often tricky and do contain a number of different factors. Essentially, it is up to you (the debtor) to prove that you cannot repay a loan without putting yourself into financial ruin – not an easy thing to do.
While it might seem like claiming undue hardship following bankruptcy is the best and fastest way to get out of paying a federal student loan, this is not the case. Most of the time, it’s difficult to make this claim stick, and lenders do challenge every case that is brought forth. So how can you avoid paying a federal student loan if you have no other choice but to declare bankruptcy? Speak with a bankruptcy attorney today to see what your options are, and make sure that you have the right attorney on your side when it comes to fighting your claim in court.

What Can You Do With an Online Finance Degree?

Whether you are already established in your career or just starting out, an online finance degree can open many doors. For those who are currently working, a degree in finance, particularly a Master’s in Business Administration, can mean promotion. For those who have yet to select a career path, a bachelor degree in finance can mean the choice of many excellent opportunities. In addition, having a certification such as CPA (Certified Public Accountant) is important if you want to broaden your skills or showcase your competence in the finance field.

A finance degree is essential for many positions in the insurance industry, such as actuary. It is also the degree of choice for financial consultants and investment analysts. A finance degree differs from an accounting degree in that the focus is much more on the strategy of protecting assets and building wealth than tracking activity. While accountants do perform some of the financing tasks, these same tasks are a full time job for the finance officer.

Some of the popular jobs for those with a degree in finance include:

Financial Manager – working for a bank, credit union or mortgage and finance company, as a finance manager you would be responsible for tasks such as lending, trusts, mortgages, and investments. You may even be involved with sourcing for business, directing investments of funds, running sales programs as well as managing electronic financial services.

Credit Manager – in charge of allocation and issuance of credit on behalf of the company, a credit manager is also tasked with setting the criteria for credit rating and determining credit ceilings as well as managing and checking on the status of past-due accounts.

Cash Manager – monitors cash flow in a company to effectively meet the business and investment needs.

Branch Manager – in a financial institution, a branch manager administers and manages all of the functions of a branch office, ranging from hiring staff, approving loans and lines of credit, sourcing for new business (sales and marketing) of their financial products and services and also customer service.

Risk Manager – as the name suggests, risk managers duties include among others, minimizing risk and loss that might arise from business transactions and operations, while devising the best ways to limit potential operational risks to the company.

An online finance degree can be the most convenient way for working adults to pursue their education in the most flexible way. It is also excellent for those who live a great distance from a university.

Many state universities and local community colleges offer online degrees in finance, as well as a great number of private institutions.

Attending classes online can be an excellent way to obtain your online finance degree. However, potential students should realize that they will need to be self motivated when pursuing this type of education. It is far too easy to procrastinate, and just like any class, falling behind can be disastrous.

To get the best out of your education, ensure you enroll in only accredited schools and compare the degree offering from various colleges to pick one that best fits your needs.