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Decision That Matters
Many students choose stock trading and investing for their college studies and degrees, hoping for successful professional careers and windfall profits. What they often miss is that stock trading and investing require years of learning to develop portfolios protected from loss and with a potential for growth.
It is therefore important to choose a specific career you want to pursue and pick the relevant degree to match your career aspiration. If you plan to start as an entry-level trader, you will be expected to manage some trades, develop stock market ideas, and keep in touch with customers. At a higher level, you will be required to demonstrate greater proficiency and skills in macroeconomics, statistics, finance, and other fields.
Take a close look at the top college degrees below to help yourself with your decision-making process.
● Finance
A college degree in finance is a great choice no matter what your career aspirations are. While the exact content of the degree programs varies from college to college, the primary purpose of all is to teach students about finance and investing writ large.
Students learn how the stock market works, how to develop portfolios, and how to manage capital budgets. Financial management, investment planning, accounting, stocks and securities, and corporate finance are only a few areas that will be covered. Students usually get a chance to manage real-life portfolios.
● Economics
An economics degree is another great option. Given its vast and comprehensive scope, your degree will be applicable to many jobs, including those related to stock trading & investing. Students learn a lot about the principles of sound economic policies, business development and management, indicators, interest rates, and monetary and fiscal policies.
Students pursuing economics degree programs need to complete numerous essays on a regular basis. To save time, they often look for dissertation writers for hire to complete their assignments timely and at reasonable prices.
By mastering the above disciplines, students build a robust foundation, which can pave the way for a great career. Many successful traders do indeed have college degrees in economics. Based on the historical lessons learned, professionals are able to avoid common pitfalls and potential crises.
● Statistics
Statistics programs encompass everything that has to do with data collection, monitoring, analysis, and interpretation. These are critical steps in producing credible and rigorous sets of data to inform effective and profitable investment decisions. There is usually an overlap with other related fields, such as finance, economics, or accounting.
Learning the best data management skills is a strenuous job. To avoid exhaustion, make sure you strike a balance between sport and study for greater academic performance.
Statistics is also a relevant choice if you are more interested in the quantitative aspects of finance in general. Some people have a natural inclination toward data and data analysis. If you are one of them then this degree is the best fit for you.
● Accounting
An accounting degree program equips future traders and brokers with a comprehensive knowledge of all key principles, processes, and procedures of accounting. No investment is likely to be successful without proper accounting information and projections. Accounting is also indispensable in paying taxes without incurring liabilities or debts.
Good investment decisions are based on the analysis of tax implications based on the data provided by professional accountants. Hence, students can opt for the career of a certified accountant. It gives them great foundational knowledge that will guide their investment decisions effectively.
● Business
General business degree programs are great for students planning to master the basics of business management and administration. They are designed to advance students’ analytical and conceptual thinking skills, as well as their ability to make complex estimations, projections, and calculations. Students also get to learn the legislation relevant to businesses and companies.
Conveniently, these programs also help develop communication and writing skills that stockbrokers need to prove themselves in the tightly contested industry of stock trading or investment banking.
Final Thoughts
There is no dearth of great college degree programs students can choose from to pave the way for successful careers in stock trading and investing. Depending on your career aspirations, you can pick a degree program that suits your goals best. It is also a good idea to plan for internships during your college years to benefit from on-the-job training opportunities before you enter the labor market.
Whatever the choice, make sure you lay a solid foundation for starting a successful career or for switching between different career paths. Take advantage of our review and get the ball rolling!
Author’s Bio:
Barbara Fielder has contributed regular reviews of college degrees and programs to multiple online publications for students. As a professional writer and economist, she focuses on degrees in finance and economics. Barbara’s sound and rigorous assessments of the pros and cons of each degree program serve as useful guides for thousands of students.
