Entry-level finance jobs can be rewarding and profitable. These positions typically start at $50k to $100k a year and can lead to advancement. According to the BLS, the number of entry-level finance jobs is expected to increase by 8% by the year 2020, with 750,000 new positions expected to be created within the financial industry. This growth is attributed to the growing demand for financial services as the economy grows and more people become financially sophisticated.
Entry-level finance jobs can be found in many different fields. From actuaries to data analysts, these positions are a good fit for most individuals. While some positions require more education than others, most of these positions provide excellent pay and career prospects. With enough training and education, entry-level finance jobs can lead to executive positions.
When looking for an entry-level finance job, online job sites can be helpful. LinkedIn, Indeed, and Monster are among the best places to start. Other specialized sites include eFinancialCareers and BrokerHunter. These sites can lead you to many opportunities, but personal connections are the most important resource.
Financial analysts gather data, create investment theses, and provide strategic advice to management teams. They also maintain spreadsheets and communicate with various stakeholders within the company. Another entry-level finance job is that of a personal financial advisor. This position is a highly lucrative one, but can be difficult to break into. Depending on your education and experience level, you could earn as much as $58,000 per year.
Entry-level finance jobs are very lucrative and can lead to a long-term career. Some positions require internships and trainees, while others can be directly hired. A degree in finance can lead to a number of positions in several industries. For instance, an accountant can work for a large corporation as an auditor or financial planner. These professionals study and analyze risk and predict the financial effects of uncertain future events.
Financial professionals must have excellent math skills and be able to clearly understand financial reports. They should be able to work under pressure and deal with new issues. Banking and brokerage positions often require constant communication with clients and the public. Financial professionals in these sectors will also be asked to write orders for stock purchases, compute transfer taxes, and distribute dividends to customers.
Financial experts can work in the investment industry or for the government. They can develop policies for a company, manage budgets, and analyze spending. They can also help government agencies and individuals with their personal finances. Their skills will help them secure loans for individuals or businesses. They are also expected to have good people skills.