Career Options for the Highest Paying Entry-Level Finance Jobs
Working in the financial services industry does not require a knack for numbers. There are a variety of jobs that will appeal to those looking for entry-level positions that offer excellent salaries with the opportunity for advancement. Most positions require a bachelor's degree, with several offering the opportunity for specialized certification. Those interested in working in financial services will find several lucrative positions below.
|Job Title||Median Salary (2016)*||Job Growth (2014-2024)*|
|Securities, Commodities and Financial Services Sales Agent||$67,310||10%|
|Financial Analyst: Portfolio Manager||$81,760 (for all financial analysts)||12% (for all financial analysts)|
Source: *U.S. Bureau of Labor Statistics
Career Information for the Highest Paying Entry-Level Finance Jobs
An actuary's role is to determine the probability of an issue or calamity occurring and offers a competitive salary. In this well-paid career, you will utilize statistics and financial theory to calculate the financial impact of these issues or calamities. By doing so, actuaries assist companies to mitigate the risks they face. Actuaries typically work in the insurance sector. Those interested in this career must obtain a bachelor's degree and will want to pursue an internship or co-op. You will either need to pass two certification exams or one certification exam with prior experience to be considered for most positions.
A financial examiner is one of the higher paid entry-level jobs in finance. As a financial examiner, your role is to oversee the compliance operations of a financial institution. You will review all of the financial data for an institution, including income, expenses, and meeting minutes. Financial examiners also provide guidance when creating corporate guidelines and ensure institutions are following new legislative rules. You'll likely begin this position by shadowing a senior examiner. You will need a bachelor's degree with coursework emphasizing economics, accounting, or finance.
An internal auditor is a high-paying, entry-level position for those who want to analyze the inner workings of companies. A primary focus is to check for misuse or abuse of company funds. Internal auditors also provide companies with recommendations on how to streamline business processes and methods to detect misuse of company funds. As an internal auditor, you must have a bachelor's degree and can choose to become certified through the Institute of Internal Auditors.
Securities, Commodities, and Financial Services Sales Agent
This type of sales agent is a lucrative career for those interested in the relationship side of finance. This position serves as a liaison between customers and sellers. Securities sales agents advise their clients on the investments that best fit their financial needs; trade commodities and stocks; and advise companies during mergers and acquisitions. You will need a bachelor's degree for this position, and should consider a summer internship to gain experience. Many chose to pursue a master's degree in business administration as they advance in their careers.
Financial Analyst: Portfolio Manager
Those interested in financial analysis should consider a well-paying job as a portfolio manager if they are interested in investing. As a portfolio manager, you will be responsible for overseeing a company's investment portfolio by choosing what lines of business or products to devote funds to. Portfolio managers must have a bachelor's degree, but many often pursue a master's degree.