Jobs That You Can Get With a Finance Degree
For the numerically inclined, finance is a world total of tantalizing opportunity. You've undoubtedly seen examples of the lavish lifestyles Wall Street-types enjoy in films or on television set; but what does a finance career look similar in the "existent" world.
Unfortunately, not anybody is going to be a hot shot on the trading floor — so what jobs can you go with a finance caste? This article will help you get a better idea of the applied careers in finance that align with a degree in the field and the qualifications you'll demand to country ane of these impressive roles.
Highly sought-after jobs for finance majors
Earning a degree in finance is certainly not a expressionless cease. Read on to learn more about four desirable jobs in finance that could be yours with the correct training and teaching.
i. Financial analyst
Projected chore growth (2016 – 2026): 11% increment
2016 median almanac salary: $81,760ane
Jobs posted: 125,0212
Potential job titles: finance analyst, treasury annotator, adventure analyst
Preferred qualifications: A bachelor's caste is commonly required for inbound this field. Recommended majors include accounting, finance, economics or statistics.
Financial analyst in-depth: Individuals, businesses, non-turn a profit organizations and governments employee fiscal analysts to assemble and dissect financial data and guide their investment decisions. Fiscal analysts look for market trends and investment opportunities while using formulas and statistical analysis to calculate risk and potential outcomes. In this role y'all'll demand to have a strong agreement of statistics and a knack for interpreting data into applied investment advice.
2. Financial Manager
Projected job growth (2016 – 2026): 19% increase
2016 median annual salary: $121,7501
Jobs posted: 119,9292
Potential chore titles: finance manager, controller, principal financial officer, treasurer
Preferred qualifications: A bachelor's degree in finance, bookkeeping or a related field with several years of experience working in the field. Addition credentials such as the CFA or an MBA are likewise recommended.
Financial managing director in-depth: Financial managers piece of work in roles that are primarily responsible for the overall financial health of an organization. The specific roles performed past these professionals will vary, but duties like preparing financial statements, managing employees inside the department, reviewing financial reports and documents, analyzing marketplace trends and assisting senior management with important business organisation decisions are common. Candidates will demand significant experience and a strong educational background when applying for these positions.
Upper-level financial management positions similar chief financial officer, controller, or treasurer accept a large influence on the direction of a business organisation or organization. Fortunately for those in these positions, the responsibleness that comes from such an influential role means financial managers typically earn substantially more than analysts.
3. Personal fiscal advisor
Projected task growth (2016 – 2026): 14% increment
2016 median almanac salary: $90,530one
Jobs posted: 61,7452
Potential task titles: financial counselor, investment consultant or financial planner
Preferred qualifications: A bachelor'south degree in finance or bookkeeping is recommended. You may besides need to earn unlike licenses or certifications that may be required by the SEC in gild to manage customer investments.
Personal fiscal advisor in-depth: Personal financial advisors are probably the almost identifiable finance professionals — and with an impressive thirty percentage projected job growth that appears unlikely to change. Personal financial advisors help individuals plan financial goals and review options for investments such as retirement and life insurance.
One major differentiator for this finance task is the sales-focused nature of the work — personal fiscal advisors demand to possess strong interpersonal skills to build a base of operations of clients. While that may crave some extra work; success leads to increased earning potential.
4. Financial services sales agent
Projected job growth (2016 – 2026): 6% increase
2016 median annual salary: $67,3101
Jobs posted: 87,370ii
Potential job titles: broker, investment banker or financial consultant
Preferred qualifications: A bachelor'southward degree with a major in finance, accounting, economic science or business. Advanced positions generally crave an MBA. Professional person licenses such equally the Series seven or additional certification may also be required.
Financial services sales agents in-depth: Pretty much any movie about Wall Street features a hectic scene of sales agents working at a breakneck pace, shouting on the telephone with off-screen investors equally they endeavour to process transactions. While these portrayals may exist a bit exaggerated for dramatic effect, the gist of their work is shown correctly. Professionals in this field buy, sell and trade commodities on behalf of clients. If working in an investment banking role, these professionals look to secure capital for clients by finding buyers for bonds or stock.
An understated aspect of these positions is the reliance on computer models to assistance with analysis and to complete high-frequency trades. Because of this, many finance positions require a strong understanding of avant-garde mathematics and information science.
How tin a degree in finance prepare you for these positions?
At present that you lot've learned a fleck nigh some mutual jobs you tin can get with a finance degree, you may be curious well-nigh what exactly a caste in finance entails. The job overviews higher up have given you a sense of taste of the variety of job duties associated with different careers in finance, but much of the fundamental knowledge needed to succeed stems from the same basic subject area matter.
While earning a caste in finance, you lot can expect to gain the bones knowledge and skills to succeed in today'south financial market. From learning how to evaluate an institution'southward financial policy and detecting fraud in financial statements, to understanding business organization laws and examining moral and upstanding problems that arise in business organisation, you volition develop the skills necessary to fulfil your job duties.
Our finance task posting analysis helped us identify the pinnacle 10 skills employers are seeking most in their candidates.2 Here's what we institute:
- Microsoft Office
- Customer service
- Budgeting
- Fiscal analysis
- Account reconciliation
- Financial reporting
- General ledger
- Sales
- Scheduling
- Data entry
While the curriculum will vary depending on the school, near finance degree programs will provide yous with the knowledge and easily-on training needed to develop the skills listed higher up.
First your futurity in finance
You likely have a much improve understanding of the different types of jobs you tin can go with a finance caste and are excited to hit the ground running. Just remember, information technology won't be like shooting fish in a barrel — these are highly sought-after positions. If yous think you take what it takes to go far in finance, check out Rasmussen Higher'southward finance caste programme to learn more about how yous tin get your commencement in this exciting field.
RELATED ARTICLES:
- Finance vs. Bookkeeping: Which Degree is Right for You?
- 8 Signs You lot Take What it Takes to Major in Finance
- What I Wish I Knew Before Working in Finance
1Salary data represents national, averaged earnings for the occupations listed and includes workers at all levels of education and experience. This data does not correspond starting salaries and employment conditions in your surface area may vary.
2Burning-Drinking glass.com (Analysis of finance degree job postings Aug. ane 2022 – Jul. 31 2017)
EDITOR'S Notation: This article was originally published in Dec 2013. It has since been updated to include information relevant to 2017.
Source: https://www.rasmussen.edu/degrees/business/blog/jobs-you-can-get-with-a-finance-degree/
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