7 Career Routes if Studying for a Finance Degree
The finance field is one of the most rewarding and challenging career choices. With the increasing demand for finance professionals, universities actively recruit and promote a wide variety of finance-oriented degree programs. Whether you’re looking for a high-paying job that can provide for your family or you want to pursue a career in financial services, considering a bachelor’s degree in finance is essential. Here are some of the best career opportunities when pursuing a finance degree.
1. Financial Analyst
Working as a financial analyst is one of the best opportunities to work in investment banking. Companies like Goldman Sachs and Morgan Stanley actively hire financial analysts who want a hands-on approach to analyzing financial reports and investment strategies.
Also, many banks and investment firms are looking for people to help them navigate the complex world of finance and business. You’ll often work in a team setting, and you’ll spend most of your days analyzing accounting and financial reports and writing investment strategies and pitches.
Another benefit is that you will be flexible in working with various banks and financial institutions, including investment banks and government-sponsored enterprises (GSEs).
2. Financial Manager
Like financial analysts, financial managers also work in an investment-banking setting. However, most financial managers work for investment firms specializing in debt and equity offerings. Companies like Goldman Sachs, JPMorgan Chase, Stockton Bank, and BlackRock seek to hire some of the best financial managers in the investment industry.
The more hands-on a manager is with financial deals and numbers, the better equipped they are to do financial analysis. Ideally, you’ll have a degree in accounting or finance, but a good amount of experience is necessary. Some of the best opportunities for working as a financial manager are at investment banks and investment management companies.
If you find it challenging to get a financial career, you might consider reaching out to a Financial Services Recruitment Agencies. They are great at getting you started on your financial career.
3. Investment Banker
Investment banks are financial services companies that mainly focus on trading stocks, bonds, and commodities. Depending on your field, you may choose from banks and loan companies and insurance and investment firms. The best part is investment banks are always looking for new talent among investment managers and financial advisors.
If you have the right skills and are interested in working in this field, check out your options. Investment banks look for people with a passion for financial analysis and the trading floor and experience in investment banking. Working for a major investment bank may require you to travel to various offices worldwide.
4. Financial Advisor
You can work as a financial advisor if you’re a student looking to start in the field. Many experienced advisors began working as part-time or full-time students. They gained experience as they helped people reach their financial goals and achieve financial independence.
You may want to explore your options if you’re interested in financial management, investment banking, or consulting after your college education. Financial advisors work in various settings, such as financial planning firms or private practice.
You’ll often work with individuals looking to make changes to their financial plans or with entities like a family or friend’s business. The more involved you are with the people you’re helping, the more you better your skills.
5. Credit Manager
Credit managing is another great career in finance, as you get to help people reach their financial goals. However, credit managers work more in the public eye, frequently serving as the face of banks and credit unions. You’ll often work with other professionals in this position, including credit analysts and managers who help manage credit risk for clients.
Working at a bank or credit union may require you to travel to various offices. You may also work with various credit unions, including non-profit credit unions.
6. Healthcare Financial Analyst
The Healthcare business is one of the best career options if you’re a student looking to get a foot in the industry’s door. Healthcare analysts work for financial management companies that help public and private healthcare organizations manage their finances.
Healthcare analysts often analyze financial and performance metrics for various healthcare organizations. You’ll often work with large clients, and you may be asked to provide analyses and recommendations to hospitals, insurance companies, and other healthcare providers.
7. Loan Officer
Lenders like Bank of America, Wells Fargo, and Citi actively hire loan officers. These officers oversee giving out loans and providing fine print on loans. These jobs often require a degree in business or economics, but you get a job based on your experience and ability to achieve given goals.
You’ll spend your day interacting with clients and making loan offers, and you may also work on-site with lenders and borrowers to prepare for a loan close.
There are many career opportunities if you’re pursuing a finance degree. Whether you want to work in investment banking, debt and equity financing, or the financial sector, there are plenty of opportunities. The best career choices for students in this field are to study accounting or finance and get experience working in a real-world setting.
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