How many jobs are available in finance
You may have heard that the financial industry is booming, but that’s not true in every field within finance. Many job titles are available, and many degrees are needed to get these jobs. The following guide will help you determine what kinds of opportunities you have to work in finance so that you can make an informed decision about which degree programs to pursue and which types of jobs you should be looking for once you graduate.
Are you interested in a career in finance? Wondering how many jobs are available in this field? Check out our tardy blog post to find out!
Ever wondered how many jobs there are available to someone with a degree in finance? Thanks to the Bureau of Labor Statistics, we can answer that question. In 2016, over 25,000 people were working as accountants and auditors – accounting students’ most common position. Other positions where an accounting degree is needed include bank tellers and lenders. As these numbers show, this is not just a career option for those without a college degree – earning a bachelor’s of science or arts can open up many new opportunities!
Finance Major Jobs
A major in the field of finance will provide you with the know-how necessary to analyze, interpret, and present data. Whether you choose to work for a company or start your own business, numerous jobs would suit your skills. Here’s a checklist of some of them:
–Personal Financial Advisor – In this position, you can offer various financial services to individuals and families, including investment advice, mortgage counseling, tax preparation, insurance coverage recommendations, and planning for retirement.
-Accountant – This is one of the most sought-after positions today because accountants typically handle a wide range of tasks, from designing spreadsheets to creating complex budgets and forecasts. So, here are Finance Major Jobs.
Generally, the careers you can find within the finance industry depend on your education level. The Bureau of Labor Statistics lists that careers such as investment analyst, financial manager, financial economist, and securities broker require a bachelor’s degree or higher for entry-level opportunities. Banking roles generally require a bachelor’s or an associate’s degree, but some bank management positions may ask for as much as a master’s degree.
There are about 14,000 financial advisors in the United States, making this a fairly competitive job market. One way to stand out from the crowd is by pursuing an undergraduate degree in finance or economics. Most of these experts have at least an undergraduate degree. This will also be necessary for CFP (Certified Financial Planner) certification and other professional designations that may benefit you when seeking employment.
Few would argue that the state of the economy has been anything less than dismal. Jobs have become increasingly scarce, with those fortunate enough to have one forced to do more with less. As a result, most families now live paycheck-to-paycheck. The tough times have created an exciting trend, however.
You would make home and car loans to various customers as a loan officer. You would also make sure they could afford the monthly payments. With experience in banking and financial management, this position can take various forms, depending on the company you work for. For example, loan officers might be employed by a bank or other financial institution specializing in lending to consumers like car dealerships, insurance companies, or mortgage brokers.
Other Finance Degree Job Opportunities
Many of the best job opportunities for finance degrees are on Wall Street. Accountants and analysts on Wall Street make between $60,000 and $130,000 per year with a Bachelor’s degree. If you go to graduate school to earn an MBA, your salary can increase to $120,000-$200,000. At the senior management level, one can earn six-figure salaries without an MBA degree. So here are other Finance Degree Job Opportunities.
- Financial planner
- Insurance underwriter
What kind of salaries can I expect?
The salaries that people who work in finance can expect depend on the field they want to work in. Entry-level positions in financial services can pay between $30,000 and $50,000 a year. For entry-level jobs as accountants, auditors, or investment advisors, you could start at $45,000 a year and earn between $75,000 and $120,000 throughout your career. If you know Islamic law or the Chinese language, you might get an entry-level job with a salary ranging from $60,000-$100,000 a year, depending on experience.
Where can I find work?
There are also plenty of opportunities for people to find work within the field of finance. Opportunities to apply for employment exist at financial institutions, banks, accounting firms, and non-profit organizations. If you’re looking for a less-monied position, internships or entry-level positions also provide opportunities.
What are some online resources for finding finance jobs?
If you’re just getting started and aren’t sure what career you want, here’s a list of companies that hire accounting majors, courtesy of Dave Ramsey. A few more possibilities: Deloitte is the largest U.S. accounting firm and the #1 consulting company by revenue. PricewaterhouseCoopers is the world’s second-largest professional services firm with operations around the globe. KPMG is one of the Big Four auditors, along with Ernst & Young (EY), Deloitte Touche Tohmatsu (DTT), and PricewaterhouseCoopers (PwC). In addition to these opportunities as an accountant, they also often offer training for people who want to pursue other careers like management consulting or information technology.