What Can I Do with Degree In Finance? 6 Career Paths After It
May 31, 2022 2022-06-01 9:18What Can I Do with Degree In Finance? 6 Career Paths After It
Table of Content:
- 6 Job & career opportunities after pursuing a degree in Finance:
- What companies look for in students after completing degree in Finance?
- Conclusion
A degree in Finance open many job and career options. Finance includes disciplines such as management, the fundamentals of financial decisions, and understanding the way financial markets work. For the past few centuries, finance has been a vital component of our lives. It has become essential to have a basic knowledge of how to manage our finances. A degree in finance will give you the ability to navigate through your own finances in a better way. Finance can be viewed as a plethora of opportunities where self-discipline and crucial financial knowledge make a winning combination.
Finance is one of the most important majors owing to the fact that knowing how to manage money is as important as earning it. You can pursue a Bachelor’s degree in Finance and start working right away or you can pursue further studies by studying for a master’s degree in Finance. After completing your course, you can provide personal financial advice to clients or too large corporations. Corporate companies are always looking for experts in financial markets who can help them make better financial decisions.
One of the best careers you can go for after a degree in finance is a stable career in the banking industry by improving the systems used by banks to keep track of their banking mechanisms and maximize their profits. Banks are always eager for software experts who can build software that predicts market trends. They also look for technologies that can help them decide whether multiple clients are eligible for personal loans or not.
You can find job opportunities in venture capital firms or other investment firms and advise them to invest in companies that possess the potential for exponential growth. A degree in finance will definitely help you build an aptitude for managing money and an overall professional attitude to attract clients.
6 Job & career opportunities after pursuing a degree in Finance:
| SR.NO | JOB | Average Salary | Requirements |
| 1 | Chartered Accountant | USD 90,400 | A bachelor’s degree in a finance or relevant field. Minimum three years of training working under a registered CA firm. To become a CA, you must give a three-level exam- Foundation, Intermediate & Final which includes 20 papers. You will have to clear all 20 papers to qualify as CA. Business acumen, good time management skills, practical work experience is critical and good analytical skills. |
| 2 | Financial Analyst | USD 83,660 | An undergraduate degree in finance/ business administration/ accounting/ economics or relevant field. Practical work experience in the industry is crucial, and effective communication and technical skills as well as an aptitude for the financial software. Critical thinking and acute analytical skills. |
| 3 | Venture Capitalist | USD 84,481 | An undergraduate degree in business/ finance, or related field or a STEM degree. You should have founded or been part of a successful startup. Practical work experience in the startup space, and financial apprenticeship, good relations with successful entrepreneurs, great investing track record. |
| 4 | Investment Banker | USD 80,540 | An undergraduate degree in finance/ business/ economics/ mathematics or related field. Good mathematical skills, long working hours, effective communication skills, good investing acumen, professional network, and foresight. Technical skills and financial knowledge. |
| 5 | Management Consultant | USD 1,03,853 | An undergraduate degree in finance/ business administration/ economics or related field. Business acumen, good analytical skills, ability to work under pressure, problem-solving skills, practical work experience is crucial. Good interpersonal and communication skills. Great teamwork skills and time-management skills. |
| 6 | Accountant | USD 53,401 | An undergrad degree in business/ accounting / finance or relevant field. Tangible work experience in the industry. Good analytical skills and an eye for detail, great technical and problem-solving skills, and good mathematical skills. |
What companies look for in students after completing degree in Finance?
After pursuing a degree in Finance, you will need hands-on work experience which is very crucial to help you build your career. This experience can be in the form of internships at banks, financial institutions, or financial departments of companies.
Employers look for candidates with such experience as they will not have to spend a lot of time training you. You can then start with entry-level jobs and work your way up the corporate ladder and even when you decide to work for another company, they will be willing to consider your experience in the previous company as an exchange for a senior position.
Conclusion
The finance sector is one of the most competitive sectors in the country, which makes it essential for you to stand out in terms of your skillset. It is also high-paying and a diverse field. A major in Finance will help you read financial statements, create balance sheets and, in a way, mould the economic direction of your employer. It also helps you develop an investigative mindset to interpret financial sustainability of entities, their financial records, and data. You can consider starting your own firm after gaining extensive experience or you can launch a teaching career at renowned universities. You can also become an attorney and use your financial expertise to effectively prepare financial cases and deliver arguments from a practical point of view.
The opportunities are seemingly endless, considering the wide array of skills covered under a finance major. Being able to manage money is one of the most essential life skills which can protect you in sudden emergencies. Plus, if you have a knack for numbers and are passionate about choosing finance as a viable career then you should definitely pursue this degree.
