As the pandemic recedes gradually, the business industry rejuvenates, and employers are interested in hiring more people to capitalize on new opportunities. The BLS is already predicting the finance sector in the United States will grow by 8% in this decade, promising more employment opportunities for modern-day finance graduates. A student should consider the below-mentioned options while seeking finance-related jobs today. So, how do you find the ideal job for your career-building endeavors? We have some suggestions for students.
Improve your networking capabilities and subscribe to finance-related journals/magazines. Don’t forget to discover some interesting internship opportunities for kickstarting your career in this sector. We also suggest fresh grads attend relevant seminars to meet potential employers and recognize the firms hiring right now. That’s how you can assess your options in the market and find relevant jobs to become a financial professional. Here are some of the options you can find after searching a bit online:
Hiring in-house auditors can ensure that a company stays compliant with government regulations to avoid financial setbacks. These experts evaluate your company’s progress, identify financial threats, and discover opportunities for improvement. It’s estimated that auditors make around $70,000 each year on average. With more companies concerned about increasing tax compliance, employers are increasingly recruiting auditors. So, you may consider this job to kickstart your career in this sector.
2 Financial analyst
With an earning potential of over $80,000 annually, these experts collaborate with employers during mergers, acquisitions, expansion, and several other investment decisions. The job responsibility of these analysts also revolves around creating complex financial models and presenting their findings before their employers. So, how do you become a financial analyst? Aspirants must pass the complicated CFA exam to qualify for this job. However, as this exam is difficult, people often use the Wiley CFA prep course to prepare for it. A well-reviewed CFA program exam review like this can help you become eligible for this job soon.
3 Business teacher
Every finance-related job shouldn’t be about working with corporations. Why not educate people so you may pass down your knowledge to the younger generation! Future graduates need to learn the skills necessary to become successful in the finance sector. Several academic institutes are recruiting teachers who can educate students passionate about learning about the business industry. You get paid an income worthy of your expertise as well as experience. Hence, you may consider being a teacher.
4 Risk Manager
Making more than $70,000 a year, these experts carefully evaluate financial threats faced by clients. They’re supposed to identify possible risks to an organization’s marketing and expansion strategies. That’s how companies can release new products or expand to another territory while being familiar with the risks involved with these actions. But a risk manager’s job involves assessing large amounts of data, so this responsibility is suitable for a professional who likes to work with data.
5 Budget analyst
As the title indicates, budget analysts will evaluate your company’s budget and review the influence of a company’s business ventures. Furthermore, this job’s details include interviewing managers and training workers on budget development. That’s why budget analysts must have fair communication skills to perform this job effectively. You can make between $70,000 and $80,000 in this sector, and experts predict budget analysis to grow heavily in this decade. So, consider picking this department.
6 Accounting manager
Accounting managers oversee an organization’s entire accounting department. They evaluate the company’s financial information, create accurate financial statements, and present them before employers. Earning almost $80,000 each year, these financial experts are responsible for handling the economic backbone of the company. That’s how people are expecting the accounting industry to become more popular in the future as the pandemic persists.
7 Management consultant
These experts are also known as management analysts, and their responsibilities include improving a company’s operational efficiency. How to make business operations less costly and more profitable? That’s something management consultants handle and suggest methods to make organizations a lot more effective. Making almost $90,000 a year, these experts increase a company’s revenue properly today. So, you should consider becoming a management consultant to kickstart your career easily.
8 Portfolio manager
A portfolio manager earns between $50,000 to $100,000 annually; the more experienced, the higher the salary. People working in this industry create investment strategies for organizations or company-based investors. A portfolio manager also goes by the title “investment manager” and “financial advisor.” To land this role in the business industry, you must have keen money management capabilities. Moreover, the employer will require you to possess some business degree in relevant fields.
9 Personal financial advisor
Financial experts don’t just serve organizations but can also work with individuals facing sudden and uncontrolled economic challenges. Earning over $80,000 yearly, financial advisors often help people manage their domestic finances and generate foolproof fiscal plans for the future. The pandemic has caused a sudden increase in the popularity of these experts, and financial advisors now prevent their clients from making wrong investment decisions. So, consider this career as a financial enthusiast. Note that to become a qualified financial advisor and secure a good job, you’ll need certain certifications such as the SIE, Series 65, and Series 66. These exams serve as foundational exams covering essential securities industry knowledge and concepts. To prepare for these exams, you can use online resources like study methods and guides for the SIE test, as well as flashcards for Series 65 and Series 66.
10 Real estate agent
Finance graduates with immense public dealing skills should consider becoming real estate agents. A real estate agent helps business owners find affordable workplaces to establish their startups. So, an employer needs your services to learn about effective property acquisitions. You’ll prevent business owners from investing in suspicious properties. When launching another business, entrepreneurs require real estate agents’ expertise to make reasonable investment decisions and avoid problems.
Statistics indicate that 116,000+ financial professionals in the United States earn $50,000+ annually on average, with most of them positioned in Austin, New York, and similar locations. What does it mean for an average student looking to kickstart their career in the finance sector? Well, consider the options we’ve mentioned above while searching for perfect employment opportunities for yourself. You can become a financial analyst, a portfolio manager, or a management consultant. There are other options, such as business teacher, budget analyst, and accounting manager. Auditors, risk managers, and real estate agents are also appreciated. All these jobs offer career-advancing possibilities for you.