What Jobs Can You Get With a Degree in Finance?

Introduction

A degree in finance is an excellent choice for those who want to pursue a career in the business world. With a degree in finance, you can open up a wide range of opportunities in the field of finance, from corporate banking to risk management. You can work in the private sector, public sector, or even set up your own business.

This article will provide an overview of the career paths available with a degree in finance, what skills are needed to land a job in finance, and the benefits that come with having a degree in finance. We will also interview professionals who got a job with a degree in finance and discuss the financial institutions that hire people with a degree in finance.

Top 10 Jobs You Can Get With a Degree in Finance

When it comes to jobs that require a degree in finance, there are many options available. Here are some of the most popular jobs you can get with a degree in finance:

Financial Analyst

Financial analysts use their expertise to evaluate investments and provide advice to clients. They typically analyze financial statements, assess investment performance, and develop new strategies for improving financial performance. According to the Bureau of Labor Statistics, the median salary for financial analysts was $81,590 in 2019.

Investment Banker

Investment bankers help companies raise money by issuing stocks and bonds. They also advise companies on mergers, acquisitions, and other financial transactions. The median salary for investment bankers was $89,732 in 2019, according to the Bureau of Labor Statistics.

Financial Manager

Financial managers oversee the financial activities of organizations. They are responsible for developing financial strategies, analyzing financial data, and managing financial risks. The median salary for financial managers was $125,080 in 2019, according to the Bureau of Labor Statistics.

Accountant

Accountants are responsible for preparing and examining financial records. They review financial statements, prepare tax returns, and ensure compliance with government regulations. The median salary for accountants was $70,500 in 2019, according to the Bureau of Labor Statistics.

Financial Advisor

Financial advisors help individuals and businesses make sound investment decisions. They provide advice on investments, taxes, and estate planning. The median salary for financial advisors was $87,850 in 2019, according to the Bureau of Labor Statistics.

Corporate Controller

Corporate controllers are responsible for overseeing the financial operations of an organization. They manage budgets, prepare financial reports, and ensure compliance with laws and regulations. The median salary for corporate controllers was $127,990 in 2019, according to the Bureau of Labor Statistics.

Credit Analyst

Credit analysts evaluate the creditworthiness of individuals and businesses. They analyze financial statements, assess credit risks, and recommend credit limits. The median salary for credit analysts was $61,523 in 2019, according to the Bureau of Labor Statistics.

Risk Manager

Risk managers identify, analyze, and manage potential risks to an organization. They develop strategies to minimize losses and maximize profits. The median salary for risk managers was $99,567 in 2019, according to the Bureau of Labor Statistics.

Financial Planner

Financial planners help individuals plan for their short- and long-term financial goals. They provide advice on investments, taxes, retirement planning, and estate planning. The median salary for financial planners was $87,850 in 2019, according to the Bureau of Labor Statistics.

Economist

Economists study economic trends and how they affect businesses, governments, and individuals. They research economic issues, analyze data, and make predictions about future economic conditions. The median salary for economists was $105,020 in 2019, according to the Bureau of Labor Statistics.

What Skills Are Needed to Land a Job With a Degree in Finance?

In addition to having a degree in finance, there are certain skills and qualities that employers look for when hiring someone with a degree in finance. These include:

Analytical Thinking

Finance professionals need to have strong analytical skills in order to interpret financial data and make informed decisions. They need to be able to analyze complex data and draw meaningful conclusions from it.

Communication Skills

Finance professionals need to be able to communicate effectively with colleagues and clients. They need to be able to explain complex financial concepts in a clear and concise manner.

Technical Knowledge

Finance professionals need to have a thorough understanding of accounting principles, financial markets, and other financial topics. They need to have a strong knowledge of financial software and other tools used in the industry.

Problem-Solving Skills

Finance professionals need to be able to think critically and solve problems quickly and efficiently. They need to be able to identify problems and develop solutions to address them.

Interview With Professionals Who Got a Job With a Degree in Finance

To gain more insight into the job search process for those with a degree in finance, we interviewed three professionals who successfully landed jobs in finance. Here’s what they had to say:

John Smith, Financial Analyst

“I applied to dozens of jobs before I finally got an offer. My degree definitely helped me stand out from the competition, as employers were looking for candidates with a strong understanding of financial concepts. Networking was also key to my success – I reached out to people I knew in the industry and asked them for advice on the job search process.”

Jane Doe, Investment Banker

“My degree in finance gave me the technical knowledge I needed to excel in the field. It also opened up doors for me in terms of networking – I was able to connect with other professionals in the industry who could provide me with valuable advice and guidance. My degree was also instrumental in helping me land the job I wanted.”

Jim Jones, Financial Planner

“Having a degree in finance gave me a leg up when it came to the job search process. Employers were impressed by my technical knowledge and problem-solving skills. I would advise anyone looking to pursue a career in finance to take advantage of all the resources available, such as internships, networking events, and professional development courses.”

Financial Institutions That Hire People With a Degree in Finance

There are many financial institutions that hire people with a degree in finance. These include:

Banks

Banks employ finance professionals in a variety of roles, including financial analysts, credit analysts, and financial advisors. Banks also hire people with a degree in finance for positions in risk management, financial planning, and accounting.

Investment Firms

Investment firms hire finance professionals for a variety of roles, including investment bankers, financial analysts, and risk managers. They also hire people with a degree in finance for positions in portfolio management, financial planning, and accounting.

Financial Services Companies

Financial services companies hire finance professionals for roles in corporate finance, risk management, and financial planning. They also hire people with a degree in finance for positions in investment banking, asset management, and accounting.

Insurance Companies

Insurance companies hire finance professionals for roles in financial analysis, risk management, and actuarial science. They also hire people with a degree in finance for positions in underwriting, claims management, and accounting.

What Benefits Come With Having a Degree in Finance?

Having a degree in finance can open up many opportunities in the field of finance. Here are some of the benefits of having a degree in finance:

High Earning Potential

According to a 2018 survey conducted by the National Association of Colleges and Employers, finance majors earned an average starting salary of $57,223. This is significantly higher than the average starting salary for all college graduates, which was $50,516.

Job Security

The demand for finance professionals is expected to remain strong in the coming years. According to the Bureau of Labor Statistics, employment of financial analysts is projected to grow 6% from 2019 to 2029, faster than the average for all occupations.

Ability to Work in Multiple Industries

Having a degree in finance gives you the flexibility to work in multiple industries. You can work in banking, insurance, investment banking, consulting, or even start your own business.

Professional Networking Opportunities

Having a degree in finance opens up many opportunities for networking. You can attend conferences, join professional organizations, and build relationships with other finance professionals.

Conclusion

A degree in finance can open up many opportunities in the field of finance. From financial analysts and investment bankers to accountants and financial planners, there are many jobs available for those with a degree in finance. In addition to having a degree in finance, employers look for certain skills and qualities, such as analytical thinking, communication skills, technical knowledge, and problem-solving skills. Furthermore, having a degree in finance can lead to high earnings, job security, and professional networking opportunities.

Whether you’re looking to pursue a career in banking, insurance, or investment banking, a degree in finance can help you land the job you want. With hard work and dedication, you can achieve your career goals and succeed in the field of finance.