Finance sector jobs are among the most sought-after options for recent graduates, with a good reason – there is a wealth of job opportunities available in this sector. The main reason for this is the global credit crunch which has affected almost every aspect of the economy and is proving very difficult to address. As a result, finance professionals who are looking to start a career in finance have an excellent array of options to choose from. Job in finance can provide you with both the benefits of financial stability and ample opportunity for personal development. In fact, a career in finance can prove very lucrative, if you are well prepared for the challenges ahead.
Finance jobs, as opposed to many other professional qualifications, are not only available to those with MBAs and CAs. A candidate who possesses strong financial sector job skills is also likely to have a bright future. Finance sector job positions are highly competitive, but it is also worth noting that there are a number of job openings for financial graduates. So, if you possess the following professional qualifications, then you can find many jobs in finance.
Careers in finance can provide a wide range of options for a skilled professional. Jobs in finance can involve positions like financial planner, financial analyst, credit controller, risk manager, or even treasury clerk depending on your talent and profile. For example, a seasoned financial planner with an undergraduate degree may end up being a Treasury clerk, while a young and talented financial analyst may opt for a position in risk management. In addition, many MBA holders have opted for careers in finance after graduating, thus increasing the diversity of these professions.
Financial graduates, on the other hand, can go on to find very good jobs in the financial sector even if they do not possess a bachelor’s degree in finance. In fact, there are numerous job opportunities available even for those who have just finished their undergraduate degree in business administration. The median salary for graduate job openings in finance is approximately forty thousand dollars per annum, which is consistent with the national average for all jobs in the financial sector.
However, financial sector jobs are not the only options available for graduate job seekers. There are several job opportunities in government, particularly in agencies such as the Federal Bureau of Labor Statistics, and the U.S. Office of Personnel Management. Government sector jobs offer better pay because government employees are hired on a temporary basis and are not entitled to benefits until a year after the start of employment. This may make temporary government workers slightly lower in salary than graduates with bachelor’s degrees in business administration and other fields.
The summer internships offered by colleges and universities across the United States may be another great option for financial analysts and graduates. Because most financial sector positions require the candidate to be 18 years old or older, many summer internships are specifically designed for this age group. These positions provide students with the opportunity to gain valuable real-world experience while gaining important skills that they will need when they start jobs in the professional world. Many summer internships for college students give them the chance to develop leadership skills, improve interpersonal communications skills, and learn important financial information that employers look for.
Another option for those seeking entry-level finance jobs is to complete a mathematics graduate degree. While a mathematics degree does not necessarily guarantee employment in the financial sector, it certainly increases the chances of success. People with backgrounds in mathematics – especially algebra and calculus – are highly talented and able workers. This includes people who possess professional qualifications in finance, accounting, economics, statistics, and computer science. Those people who choose a mathematics graduate degree should consider taking subjects that are closely related to their field to boost their employability later in life. For example, those pursuing advanced mathematics and statistics degrees often choose to take subjects such as human resources, business, and management.
Some of the best-known names in the financial sector hire graduates and post-graduates to head their consumer and capital markets departments. These positions require creativity, analytical abilities, interpersonal skills, and a positive attitude. Some of the most common consumer bank jobs – vice president and director of marketing or operations, consumer and business banking, financial analyst, or consumer officer – require strong mathematical skills. Some other jobs in the financial sector offer opportunities to choose a specialized area, such as international finance or investment. Careers in these areas usually require an MBA and typically involve complex financial functions.