Marketing vs Finance: both are business degrees with great salaries. Here's what you'll actually study in each and which job market is stronger.
Most of the students can’t decide the right career path and end up making the wrong decision and regret it later.
There are several options to consider but the most confusion among the majority of students is between marketing and finance. Understand which degree is best for you, what you would want to be in the future, and what's your passion.
Marketing vs Finance
Both marketing and finance include core business subjects. There are many options to consider before choosing the right fit. So first you need to understand the basic function of a marketing career and finance career.
Marketing
It's all about the marketing and sales of the product and service that companies offer in which professionals make strategies for promoting the company’s product and service.
Marketing involves decision-making in public relations, advertising, and communication through various online and offline channels.
Skills you need to be an Exceptional Marketer
Following are the list of skills that a marketing degree holder must have:
Communication skills
Negotiation skills
Creative and imagination
Interpersonal skills
Confident public speaking
Research skills
Team works
What Do I Get?
Marketing degree prepares you to enter the fast-paced business of promoting, developing, and selling product or service to unique costumers’ market
Types of Marketing Degree
There are 3 levels of degree
Associate Degree
Associate degree in marketing are available in which you can get entry-level jobs like assistant marketer etc
Duration: 2 year
Bachelor in Marketing
In which you can understand more about the relationship between agency and customers as well as the trend within the field its self
Duration: 4 years
MA or MBA in Marketing
Will prepare you in marketing leaders’ position across any number of business industries
Duration:1 or 2 year
Marketing Jobs
You can get into different fields with a marketing degree. The following are the list of few jobs with very good pay.
Admission Representation
Common Duties
Hiring
Admitting Students/patients/employees into an institution
Explaining the institution’s Policies
Preparation of strategies in the education field to help the admission office promote their institution, and many more.
Average salary: $55 k per annum
Brand/Product Manager
Common Duties
Brand strategy
Planning and execution of all communications and media actions on all channels
Pricing and new product launches
Oversee all aspects of marketing a product and service
Average salary: $94k per annum
Market Research Analyst
Common Duties
Monitor and forecast marketing trends
Measure the effectiveness of marketing strategies
Evaluate methods for collecting data
Analyze data using statistical software
Deciding and carry out assessment consumers rection of new product
Average salary: $55 k per annum
Sale Representative
Generating leads.
Meeting sales goals.
Negotiating all contracts.
Determining pricing schedules.
Preparing weekly and monthly reports.
Average salary: $57 k per annum
Public Relation Representative
Common duties
Responding to requests for information release or press conference.
Establishing and maintaining relationships with the consumer/community.
Writing press releases and other media communications.
Planning or directing the development of programs to maintain favorable public views
Coaching client representatives in effective communication with the public and employees.
Analysis of the audience and identify the type of communication which can influence that demographic
Average salary: $59 k per annum
Finance
Finance is all about managing funds asset and debts which involve in deciding on how to obtain, manage, and direct funds for various projects
Researching and analysis of investment options and auditing finance.
Skills you need
Handling money
Mathematical Expert
Negotiation skills
Interpersonal skills
Analysis
Data entry
Knowledge of statistics
What Do I Get?
A finance degree will prepare you for working in this high-power field of tax preparation, accountants and banking
Their 2 levels of degree
Bachelors in Finance
This is where you understand stuff about commercial banking, financial program, investment banking money managing and real estate
Duration: 4 years
MA or MBA in Finance
This will train you in the management and administration role in the finance division.
Duration: 1 or 2 year
Finance Jobs
we have rounded up some job title with their common duties and average salaries
Financial Manager
Common Duties
Overseeing the flow of cash and financial instruments into business
Planning the activities of workers in various departments
Preparing reports as required by law
Manage and strategize the employ Cash and direct company investment to reach the organization’s economic goal.
Average salary: $75 k
Financial Risk Manager
Common Duties:
Market risk analysis
Operational risk analysis
Regulatory risk analysis and
Credit risk analysis.
The job is to find and avoid fiscal pitfall and derail profit and grow.
Average Salary: $80k
Personal Financial Advisor
Common Duties:
Meet clients in person to discuss their financial goals
Explain the types of financial services to clients
Educate clients and answer questions about investment
They help people to reduce anxiety by offering investment advisors who are starting their career or planning to retire
Average Salary:90 k
Financial Analyst
Common Duties:
Determines cost of operations by establishing standard costs.
Identifies financial status by comparing.
Guides the cost analysis process by establishing and enforcing policies and procedures.
Improves financial status
Average Salary: $81k.