Jobs for people with finance degrees
Earning the finance degree gives you financial, accounting, and economic skills that you can apply to various roles in the professional industry. A finance degree allows you to choose from many career paths. By considering the duties and expectations of each position, you can choose a career that best suits your interests and abilities.
Best jobs for people with finance degrees
Earning a finance degree can qualify you for many jobs. For the most up-to-date salary information, click on the salary link for each job title below:
1. Credit Analyst
Primary Duties: The credit analyst often works with banks or other lending institutions to determine a customer’s ability to repay a loan. Credit analysts use risk calculators and past credit history to make credit recommendations.
2. Financial planner
Primary Duties: Financial planners assist clients in planning, organizing, and investing in their finances with the goal of financial security. The inancial planners typically use strong decision-making skills to help clients assess retirement needs and plan for major purchases such as college tuition, a new home, or international travel.
3. Financial advisor
Primary Duties: The financial advisor assists clients in their economic analysis to plan for retirement. Financial planners can help seniors change spending patterns or reinvest funds into better-performing investments to meet retirement goals.
4. Financial analyst
Primary Duties: Financial analyst evaluates financials and makes recommendations based on data. Many of the financial analysts work in a corporate setting, identifying economic trends and making informed forecasts about a company’s finances. However, financial analysts may also work in investment firms, banking institutions, or small business settings.
Primary Functions: An entrepreneur is an individual who starts his own business. There is a level of the risk involved with entrepreneurship, and a background in finance can help you mitigate risk and adequately plan financially for starting a new business. Advanced skills in tracking expenses, predicting sales trends, recording profits and losses, and creating a sales plan based on financial data will help the entrepreneur when running a business.
6. Certified Accountant
Primary Duties: A certified public accountant advises clients on their tax and business accounting needs. Some accountants work with clients to prepare and file their finances. Certified accountants have completed a required education and passed the Certified Public Accountant (CPA) exam.
Early Career: Completing a finance degree with a Juris doctorate in law will qualify you to work as a financial attorney to help clients with their financial matters in legal matters. This may include bankruptcy, bankruptcy, or repossession. Lawyers may also work in the legal industry on the business side, assisting business owners or account managers in collecting late payments.
Early Career: Professors in the financial industry use their backgrounds to teach students about accounting, micro and macroeconomics, international finance, risk management, and personal budgeting. Professors can administer exams, and degree projects, lead internships, and offer advice as students explore their career options with a finance degree.
What skills would you develop with a finance degree?
You can expect to learn the skills in personal finance, budgeting, spending behavior, profit and loss, and financial planning when studying for a degree in finance. In addition, these skills can be transferred to other industries outside the financial sector.
For example, business owner will use planning and budgeting skills to project a profit and loss for each quarter. The sales team leader will use cost behavior and profit skills to understand customer buying habits better. A finance degree can also help develop the following skills:
Customer Service: Many financial careers require you to work closely with customers. An internship experience can help you develop critical verbal and written communication skills. Financial professionals will use these skills to understand their client’s needs better.
Organization: Because many financial careers require you to maintain and report on client information, strong organizational skills are necessary. Many clients work with financial advisor or planner to help them keep their financial records organized.
Math: Math skills are also crucial in many finance career roles. An accountant must carefully calculate income and taxes to report accurate numbers. To get a precise profit and loss statement, a business owner must consider wages, taxes, discounts, and storage costs.
Problem Solving: Strong problem-solving skills are also essential in many financial industries. A client will often turn to a financial professional to solve a problem. Whether the issue is complicated tax documents or an obstacle to retirement, it is the job of a financial advisor to identify the problem and take steps to overcome it.
What education do you need to work in finance?
Financial professionals usually have a bachelor’s degree in finance or business. These degrees often take 4 years to complete and may provide a comprehensive understanding of financial management, technical capabilities, and interpersonal and professional skills. A bachelor’s degree can prepare a person for entry-level positions in the economic field. During their studies, students can participate in finance-specific career events, develop their analytical, accounting, and communication skills, and join organizations that support financial professionals in the economic profession. Facilitates exploration and networking to prepare them for a career in finance.
Some finance students choose to continue their education, earning a master’s degree in a specific area of finance. A master’s typically takes about two years to complete and can help you find a management role in finance. Those who earn a master’s degree can continue their studies through a doctoral program, which can prepare them for a teaching role or a financial research position. It takes an additional four or five years to complete a doctoral degree.