In today's job market and industry, students and professionals with a degree in finance are faced with endless possibilities, paths, and opportunities. Finding a career path after graduation can seem daunting and stressful, but all you have to do is take things one step at a time.
Finance is a field in economics that focuses on the study, creation, and management of money and any investment. It is also focused on studying the value of assets such as stocks, bonds, loans, commodities, and by extension entire companies.
If you're a finance major but you're not sure what jobs or business you could apply to, know that the opportunities available to you are wider than in other fields.
Continue reading this article if you're interested in pursuing a career in finance, or you've already got a degree in finance but you're not sure what jobs this field has to offer.
Feel free to go check the Best Finance resources to help you.
Financial planners work with either individuals, families, or any business to help them with the management, planning, and realization of their financial goals.
Hiring a financial planner is always a good investment because everyone strives for financial stability and it's hard to do so without the appropriate help. People don't want to risk losing money, which is why financial planners are on-demand and therefore it makes this a perfect job for anyone with a finance major.
As a financial planner, you're responsible for a company's, family, or someone's personal economic strategy. Your clients will trust you to tell them about investment opportunities, saving planning, and also make recommendations on how to generate new leads.
Average salary: $88,890 per year
You can also work at a financial planner's office as an entry-level job.
Do you want to pursue a career in finance? Be sure to check out the Best schools in the USA for Finance programs.
An auditor is a person responsible for boosting the financial performance of a business or company. They are essentially analysts of the finances of any business, personal, or public entities.
You could be self-employed, work for a company or government entity. Either way, you need good time management and attention to detail skills if you want to succeed in this role.
Finally, you would be entrusted with the financial records of the company or business you work for and you'd be responsible for guaranteeing that the business complies with tax laws. It is your job to protect the company or your clients from fraud, financial risk, and provide accounting methodology.
Average salary per year: $70,500
As an entry-level job, being an auditor would mainly consist of assisting the managers of the auditing firm.
For more information on this subject check out a guide on Studying Finance.
Other cool jobs
If banking, accounting, or working for companies sounds a little boring for you, don't worry! There are many other jobs and job opportunities available for people with a finance major or master's degree.
Keep in mind that your education is an investment in your future, therefore, you need to find a job that will make said investment worth a while.
Budget, credit, and financial analyst
Becoming an analyst means you like to evaluate and interpret data. As a professional budget, credit, or financial analyst you're responsible for different things, although they're all focused on the analysis of data.
Budget analysts are in charge of projects and project budgets. Your job would be to allocate the budget and find ways to improve it. You'll review budget proposals, asses funding requests, and decide if there's a need for budget cuts.
On the other hand, credit analysts will analyze financial information and credit data for banks or money lenders. The job also includes assessing these individual people or companies, you help in determining their potential risk.
Finally, financial analysts look at investments and savings. You'd be doing market research and would be responsible for finding trends. You'd work directly with clients and help them grow and manage their investments.
Stockbroker, Lawyer, Business Development Manager
We bet these three job titles sound much more interesting than anything else we've mentioned in this article.
If you either got finance or economy majors, you could easily become a stockbroker. A stockbroker buys and sells stocks, bonds and commodities for both companies and clients. This job can be highly stressful and it is designed for individuals who work and thrive in fast-paced environments. The average salary of a stockbroker is $64,120 per year.
We listed lawyers, but this doesn't mean that people with degrees and majors in finance or economics can be lawyers. However, lawyers with a background in finance know what to do with calculations for client compensation.
They can also take on large corporations as clients, thanks to their expertise and background knowledge in the financial industry. On average, lawyers in a financial field can have a salary of $120,910 per year.
A business development manager needs a background in finance but their main role is to maintain constant communication both with clients and employees. You will need to have outstanding customer service skills. The average salary of a business development manager is $111,340 per year.
What do you learn in finance major?
If you dream of going into this field you need to have good math skills. If you don't have good math skills but this is still your dream, you need to work hard to acquire them.
As we mentioned before, your education is an investment in your future. If you choose a career or a major that doesn't fulfill you, you will be throwing thousands of dollars away every year. This is why it is important for you to choose a career and a degree you are passionate about and make your investment of time and money worth every penny.
Students who pick finance as their major will learn accounting, management, principles of business, statistics, personal finance, organizational change, and more.
With today's situation regarding the pandemic, you can always opt to continue your education online. Learning online does not mean you will have less experience or opportunities, all you have to do is work a little harder to find jobs and programs in the career path you want to pursue.
If you're having a hard time learning finance you can always Work with a private Finance tutor.