Looking for Finance Jobs: Best Entry-Level Positions
- Finance-sector jobs pay higher than the median salary, even at entry-level positions.
- There is a lack of racial and gender diversity in the finance industry.
- The U.S. Bureau of Labor Statistics estimates that finance sector jobs are projected to grow 8% from 2020 to 2030.
- You don’t need an Ivy League background to get in on the finance action, but an undergraduate degree is required at the very least, and economics- or math-oriented majors are preferable.
- Popular entry-level jobs in finance include analysts, tax associates, auditors, and financial advisors
The key is to identify the most rewarding entry-level jobs in terms of salary and future career prospects and think hard about which might be the best fit for your abilities and interests. When you have narrowed down which interests you the most, you can begin your search. Aside from your network of friends and family, online job sites are a logical place to search for entry-level finance roles. LinkedIn, Indeed, and Monster are good sites. Still, it might be more efficient to scour sites that specialize in finance-industry jobs or resources, such as eFinancialCareers, BrokerHunter, or 10X EBITDA (for investment banking).
GET YOUR FOOT IN THE DOOR WITH THESE TOP FINANCE JOBS.
Personal Financial Advisor
Personal financial advisors evaluate the monetary needs of individuals and help them make decisions about investing, budgeting, and saving. Advisors help clients strategize for short- and long-term financial goals, from tax planning to retirement planning to estate planning. Many advisors provide tax services or sell insurance in addition to providing financial counsel.
Financial analysts work for investment companies, insurance companies, consulting firms, and other corporate entities. Responsible for consolidating and analyzing budgets and income statement projections. They prepare reports, conduct business studies, and develop forecast models. Financial analysts research economic conditions, industry trends, and company fundamentals.
Investment Banking Analyst
An investment banking analyst usually fills an entry-level role at an investment bank, hedge fund, or venture capital firm. Their most common duties include producing deal-related materials, performing industry research and financial analyses of corporate performance, and collecting materials for due diligence. Recommendations based on the interpretation of financial data often play a role in determining whether certain activities or deals are feasible.
Junior Tax Associate/Accountant
These professionals implement measures and develop policies relating to taxes, including calculating and estimating payments, conducting research, reviewing internal fiscal systems, preparing returns and other tax-related documents, and working with auditors.
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