If you’re looking to start a new career and don’t know where to start, try choosing a major that will prepare you for one of the best jobs available after graduation!
That’s what you’ll learn in this guide on finance major jobs, where we explore some of the best jobs that are open to graduates with finance degrees or those who want to pursue careers in finance.
We’ll also give you advice on how to become the best candidate possible so that your chances of getting hired will be much higher than they would be otherwise! Good luck!
A finance degree can lead to a career in banking, which is one of the Finance Major Jobs. Banking jobs are perfect for those who want to work with money and help people save and invest their money.
There are many different types of banking jobs, from tellers to loan officers to financial advisors. Bankers make sure that transactions go smoothly and efficiently.
They also offer advice on loans, credit cards, mortgages, etc. If you’re considering a career in banking, it is important to know what your responsibilities will be.
For example, if you’re applying for a bank teller position, you’ll need to show good customer service skills and pay attention to detail.
Most banks require candidates to have at least two years of experience before being considered as well as some type of education beyond high school (often in the form of an associate’s or bachelor’s degree).
A financial planner is someone who helps people save and invest their money. They work with clients to figure out how much money they need to save for retirement, college, or other major life events. Financial planners also help clients invest their money in stocks, bonds, and other investments. You can also check about finance options, which is suitable for any age or income, which will give you a more deeper insights on how to become a financial planner.
They may have experience working at a bank, wealth management company, investment company, or insurance company. In order to become a financial planner you need at least an undergraduate degree in finance and several years of experience working as an analyst on Wall Street.
However, there are many different types of financial planners such as estate planning specialists, tax specialists, and healthcare financing specialists.
These careers are all very competitive because they don’t require any additional education beyond a bachelor’s degree in finance.
Corporate Financial Management
A corporate financial manager is responsible for the financial health of a company. They create financial reports, direct investment activities, and develop strategies to ensure the long-term financial security of the organization.
Corporate finance managers typically have a bachelor’s degree in finance or a related field. Since they work with high level executives, it is important that they are well versed in the organizational goals of their company.
In addition to understanding the intricacies of financial transactions, these professionals must also be excellent communicators who can make complicated concepts easy to understand.
A few companies hiring corporate finance managers include Deloitte Consulting LLP, PwC, Arthur Andersen LLP and KPMG LLP.
A financial analyst is responsible for researching and analyzing financial data to help a company make sound investment decisions.
Financial analysts typically have a bachelor’s degree in finance or a related field. Many also hold professional certifications, such as the Chartered Financial Analyst (CFA) designation.
Salaries for financial analysts vary depending on their experience level and employer; they can range from $54,000-$144,000 annually.
It’s easy to see why it might be difficult for these professionals to land a job after graduation given that many firms are looking for candidates with an MBA or CPA certification, but if you are good at what you do then it will not be hard.
A headhunter will always tell you that the best way to find a new job is through networking so get out there and start connecting with people!
Investment Banking & Trading
Investment bankers are the people who help companies and governments raise money by issuing and selling securities.
They work in the securities industry. Investment bankers typically work for investment banks, large commercial banks, or large securities firms. To get an entry-level job with an investment bank, you need to have excellent grades and at least one year of experience in the field.
As your career progresses, you can move up to more senior positions such as salesperson (finds potential clients), trader (transacts financial instruments), research analyst (gathers information on companies) or Vice President.
Each position will require different qualifications and responsibilities. A trader may be required to travel internationally whereas a research analyst may only travel domestically. Investment banking careers offer great pay, prestige, and variety.
Auditing & Assurance
As an auditor, you will help ensure that organizations are adhering to generally accepted accounting principles and producing accurate financial statements.
This is important work that can have a big impact on an organization’s bottom line. And, it’s a great way to use your finance degree to make a difference.
If you’re looking for a challenging and rewarding career in finance, auditing & assurance is a great option. Plus, the demand for qualified audit professionals is growing every year. According to the Bureau of Labor Statistics (BLS), this occupation will grow by 12% through 2024.
That means there should be plenty of jobs available to accountants with a finance degree who want to specialize in auditing & assurance. In fact, salaries start at around $59,000 annually.
To become an auditor or accountant, you’ll need at least five years of experience as well as specialized training from an accredited institution like Indiana University-Bloomington’s Kelley School of Business.
Insurance Sales & Agent
A career in insurance sales and agent is one of the best jobs for finance majors. As an insurance sales and agent, you will be responsible for helping people choose the right insurance policies to protect their homes, businesses, and families.
You will need to be able to explain the different types of coverage available and help your clients find the best rates. You will also need to be able to negotiate with insurance companies on behalf of your clients.
Actuarial Science & Analysis
Actuarial science is the study of risk in the insurance and finance industries. Actuaries use math and statistics to assess the risk of events, such as death, accidents, or natural disasters.
They then use this information to help companies develop policies that minimize the cost of these events. To become an actuary, one must have an undergraduate degree in mathematics, engineering, physics, computer science or actuarial sciences.
Upon graduation from college, students typically work as a trainee at an insurance company. After three years of experience, they can apply to take their exams through the Society of Actuaries (SOA).
Once they pass all four parts, they are considered fully qualified as an actuary. There are many different job opportunities for graduates with a degree in actuarial science; however most jobs require extensive on-the-job training prior to being eligible for promotions or advancements.
A career with an insurance company provides stability but may not offer room for advancement within the company if someone desires more responsibility.
A budget analyst is responsible for maintaining and updating a company’s budget. They work with various departments to ensure that all expenses are accounted for and that the budget stays on track. Budget analysts typically have a bachelor’s degree in finance or accounting.
In order to obtain this position, you will need at least three years of experience working in an industry related position as well as strong analytical skills.
A credit officer at a bank or financial institution helps maintain customer credit limits, records debts, grants loans, and makes decisions about granting access to an account.
You’ll need good customer service skills for this job and you may also be required to have some background in banking law.
Some employers require applicants to have graduated from college before they can apply. These positions pay anywhere from $38,000-$100,000 per year depending on location and level of responsibility.
Personal Financial Planning/Consulting
According to the Bureau of Labor Statistics, employment of personal financial advisors is projected to grow 30 percent from 2016 to 2026.
This is much faster than the average for all occupations. And with good reason—a finance degree can prepare you for a career in which you help people manage their money. It’s not just the rich and famous who need this service; everyone does!
With so many families living paycheck-to-paycheck, being able to plan ahead and make informed decisions about finances can be the difference between making ends meet or getting into deep debt.
Even if your clients are wealthy, they may have complicated portfolios that require specialized attention. The best part? Personal financial planning/consulting jobs often offer flexible hours and a work-from-home option.
Real Estate Brokerage, Sales, & Rentals
A finance degree can lead to a career in real estate brokerage, sales, or rentals. Real estate offers many opportunities for those with the drive to succeed. A finance degree can give you the skills you need to be successful in this field.
The best jobs for graduates with a finance degree are ones that allow you to use your skills and knowledge to help others achieve their goals. Some of these careers might include loan officer, financial analyst, investment advisor, or financial planner.
If you’re looking for a rewarding career that uses what you’ve learned in school to do good things for people and organizations then consider starting your own business as an entrepreneur or by investing in stocks
As an entrepreneur, you’ll have the opportunity to build something from the ground up. As a stock investor, you’ll have access to a diverse portfolio of investments and will make money on other people’s successes while also taking risks yourself.
If you’re good with numbers and have a head for business, a career in accounting might be the perfect fit for you.
As an accountant, you’ll be responsible for tracking and managing finances, preparing financial reports, and ensuring compliance with laws and regulations.
You can work in the public or private sector, but either way, your job prospects are looking up! According to recent data from the Bureau of Labor Statistics (BLS), employment opportunities are expected to grow by 16% between 2014 and 2024.
And as one of the top 10 fastest-growing occupations over that same time period, it’s predicted that there will be around 438,000 more accountants by 2024.
A credit analyst is responsible for analyzing an applicant’s financial history to determine whether or not they are a good candidate for a loan.
This position requires excellent math skills and the ability to pay close attention to detail. A credit analyst typically works in a bank or other financial institution. They may also work as part of a team to evaluate potential risks when lending money. In some cases, these analysts may need to visit potential clients at their homes or workplaces.
Credit analysts generally work full-time hours during the week. Some will be expected to do overtime on a rotating basis.
While there is no specific educational requirement for this job, many credit analysts have bachelor degrees in finance.
It is important that credit analysts keep up with current trends and changes in regulations, so it is common for them to take continuing education courses in subjects such as economics and taxation.
A compensation survey from May 2017 found that the median annual salary for a credit analyst was $64,930 per year. It should be noted that salaries vary depending on the company or industry where someone works.
If you’re looking for a job that pays well and offers plenty of room for career growth, consider becoming an attorney.
As a finance major, you have the analytical and problem-solving skills that are essential for success in this field. Plus, with the right experience and education, you can eventually become a partner at a law firm or even open your own practice.
All those long hours spent studying? Worth it! Becoming an attorney can be tough work, but if you know what to expect from the beginning, it’s worth all the effort.
That’s why we recommend attending a law school where you’ll get hands-on training as part of your coursework.
Plus, getting a law degree means that you’ll be prepared to take on virtually any type of legal case – from criminal cases to family disputes – no matter how complex they may be.