Finance Majors have a wide spectrum of job opportunities at their disposal. They could be in charge of handling money matters for firms that are dealing in commercial products or they might be working within the financial sector directly. They could get fantastic jobs in the real estate or banking sectors. A Finance Major may work in capital markets including the study relating to securities.
While it is adequate to possess a Bachelor’s Degree in Finance for entry-level financial positions, it is necessary to acquire a Master’s Degree in Finance for career advancement. Average salary in the finance industry is above $50,000 annually, as per the statistics offered by the U.S. Bureau of Labor Statistics (BLS).
Some Career Options
California State University Northridge claims that the career path that is most common for a Finance Major is the job of a CEO (Chief Executive Officer). Finance workers are known to tackle all money matters effectively. Money is the focal point of all businesses. Finance Majors have two distinct career paths as per CSUN (California State University Northridge). They are a) Money Management and Financial Products and Services b) Money Management and Commercial Products.
Those who are dealing in financial products are attached to the finance industry directly. They are responsible for creating as well as selling financial services. Finance Majors find great openings in the insurance sector; they could join as brokers to customers or even as advisors to insurance companies. Finance Majors get ample opportunities to work directly in the banking sector or industry. They deal effectively with debts, loans, overseeing a branch or customer portfolio management. They could be handling stocks, securities and bonds. They get good openings in the real estate job scene. They could be employed as mortgage officer or appraiser. Finance experts could post debt reviews online, in their spare time.
Finance Majors focusing and specializing in consumer products may work for organizations dealing with the trading and selling of merchandise in particularly the commercial marketplace. They would be responsible for the management of customer credit accounts, an organization’s financial outlook or its cash flow. They may be handling employee benefits or even their pension plans. They may be responsible for the overall supervision of the property holdings of any major organization. They are in fact responsible for managing all the financial assets of any commercial company.
Identifying Financial Job Opportunities
Financial jobs are available at almost every firm across practically all industries. There are actually two ways to locate proper openings- Offline and Online. It is a wise idea to identify job openings by tapping both the ways. You must always remember that financial jobs are supposed to be highly specialized and it is not possible to locate them in generic job boards. You must browse through niche sites for financial jobs.
One best way of locating a finance job offline is to hire the services of specialized executive recruiters, who would come up with fruitful advice and great financial job opportunities. You could get in touch with the alumni association of your university. You could contact industry insiders who could help you with job leads and also, provide some useful insight.
Industry conferences, seminars and some other networking events seem to be the best places to locate financial jobs. Personal interaction plays a vital role in helping you get an appropriate job. Your friends and acquaintances would surely know of someone who knows of an existing job opening. Keep all avenues of communication wide open.
Selecting the Correct Direction for You
You must opt for highly promising jobs that are supposed to have a real probability of success. Diverse finance jobs typically require different skill set and offer completely different work environments. Look for a job that fulfills your long-term objectives and capabilities. For instance, someone who has strong interpersonal skills could be a successful financial advisor, while someone else who is good at numbers would be truly successful in public accounting.
Author Bio: Harrison Oxley is a finance guru, angel investor and author. He has over fifteen years of experience in the finance sector, and now spends his days writing blog articles and debt reviews.