Finance Jobs Overview
The finance industry spans a wide variety of careers, including those related to individual investors, corporations, banking and stocks. If you're interested in careers in finance but aren't sure about the particulars of the available jobs, you're in luck! Below, you'll find jobs outlined based on broad categorizations that will help you decide which career is best for you.
Education Requirements for Finance Jobs
While you can enter the career field of finance without a formal business education, you will likely have much better prospects with at least an undergraduate degree in business, finance, economics, or related degree area, as many finance career paths are lucrative and highly competitive.
Finance degrees are available at every level, and those who wish to advance in their careers and their financial know-how may want to consider further education in the form of a master's degree, such as a Master's in Finance (MSF) or Master of Business Administration (MBA), or certification, becoming a Certified Financial Planner (CFP) or Certified Financial Analyst (CFA).
Types of Careers in Finance
Corporate Finance Jobs
Corporate finance, as you may have guessed, involves work with corporations to handle financial affairs. Most positions within corporate finance requires at least a bachelor's degree, and master's degrees or MBAs are often preferred. Corporate finance careers have a high earning potential, and many corporations provide significant benefits to their employees. Some careers you might consider in corporate finance include:
- Corporate Accountant
- Corporate Finance Analyst
- Corporate Finance Advisor
- Stock Broker
- Financial Services Sales Agent
Banking and Finance Jobs
The banking sector offers many interesting career positions, and several careers in banking and finance are experiencing job growth. Because you would be working with money and other people's finances, you should have a strong aptitude for math and likely need good interpersonal skills as well. You may want to consider jobs like:
If you're interested in money management but want a customer-focused career dedicated to growing assets, you should strongly consider a career in investment. Investment career positions are involved with the management of assets for individual and corporate clients and make suggestions as to ways these individuals and corporations can maximize their gains and avoid costly financial errors. Careers in finance and investment include:
Entry-Level Finance Jobs
If you're just starting your career in finance, you will likely begin with one of several entry-level finance positions . These careers require little, if any, previous work experience and will include some level of professional learning and job training. While a degree is not necessarily a pre-requisite for these jobs, most employers prefer candidates with some college education,, such as an associate or bachelor's degree. The following careers are well-suited for those at the outset of their professional practice in finance:
Highest-Paying Finance Jobs
Many careers within the field of finance are lucrative, with salaries well above the median for U.S. wage earners in the United States. However, if you only want to pursue careers that are considered the cream of the crop you may want to consider the following:
Other high-paying finance careers to consider are typically at the management level, which may necessitate more education, such as an MBA.
Master's in Finance Jobs
A master's degree or MBA in finance opens the door to new job opportunities or career advancement within a finance profession. Oftentimes, professionals who obtain a master's degree move into management roles. If you're looking for jobs with a master's in finance , you may want to consider:
Finance Career Path
As you begin considering a finance degree and looking at schools with finance programs, you should strongly consider the career you're most interested in, as you may want to tailor your studies to the career paths you want to pursue. The field of finance contains many institutions and career trajectories, so you might first decide what industry you want to work in and then look at specific roles within those industries. Some popular industry choices include banking, insurance, and corporate finance, and the career choices available within these industries vary.
If you have no education or industry experience, it is still possible to obtain an entry level job in finance and work your way up. However, you'll likely have a higher chance at obtaining employment with an associate degree, or, even better, a bachelor's degree in finance. With more experience, you may choose to obtain a certification or graduate-level degree in order to increase your salary or take advantage of career advancement opportunities. Finance professionals with more experience and education can move into more complex finance roles or become managers who oversee operations and employees in entry-level positions.