What Types of Jobs are Available With a Finance Degree?

Finance DegreeWhether you’re just starting your bachelor’s or finishing up your master’s, you should be aware of the types of jobs available with a finance degree. Studying finance at an accredited business school will provide the knowledge and skills needed to effectively use numbers in some of the market’s most lucrative arenas. A finance degree usually leads directly to a dapper suit, snazzy office, and a successful business career. One of the biggest advantages of the finance industry is that it’s multi-faceted to offer a variety of positions catering to every interest, according to Forbes. In this article, we’ll take a closer look at four of the most in-demand finance career options available.

Financial Analyst

Financial analysts focus on conducting detailed data analysis to assess the performance of stocks, bonds, mutual funds, insurance plans, and more. Financial analysts play a vital role in generating the data that business executives utilize when making strategic decisions. Typically, analysts will study business trends, evaluate financial statements, assess portfolios, prepare written reports, recommend investments, give insight in finances for company officials, and take account for risks. Most will specialize as buy-side or sell-side analysts. On average, financial analysts are compensated with a yearly salary of $92,250.

Financial Manager

Earning a finance degree is the perfect pathway to build a career in financial management to oversee the overall financial health of a company. Financial managers have a mid to upper-level position in helping executive management make key financial moves that boost profit. Financial managers may be responsible for preparing forecasts, monitoring financial reports, supervising finance staff, reviewing business activity, analyzing market trends, and make suggestions to senior leaders. Some may specialize as risk managers, cash managers, controllers, or treasurers. Financial managers earn a handsome average yearly salary of $130,230.

Personal Financial Advisor

As their title suggests, personal financial advisors work personally with clients to provide expert advice for achieving their unique monetary goals throughout life. Personal financial advisors will help their clients with investments, retirement plans, taxes, insurance choices, college expenses, and more. In many cases, financial advisors are licensed to directly buy and sell securities on behalf of their clients. Some may be called wealth managers to specifically work with people with lots of capital. Personal financial advisors enjoy a solid six-figure average annual salary of $108,090.

Investment Banker

Investment bankers utilize their finance degree to effectively connect businesses with the funding needed to afford their operations or expansions. Investment bankers work in financial institutions to assist in raising capital for entrepreneurs and business entities. Investment bankers play a pivotal role in structuring the financial deals that keep our economy moving and configuring stock configurations that make money. Having a MBA in Finance is usually needed for the best marketability. In return, investment bankers are highly paid with a mean annual salary of $103,260.

Related Resource: Types of Jobs in Accounting

Pursuing a finance degree can take anywhere from four to seven years, but that’s just the beginning of a bright future. Finance degree programs lead to plentiful job opportunities in a field that’s experiencing above-average employment growth. After all, the financial services sector represents $1.24 trillion of our nation’s gross domestic product and employs over 5.87 million people, according to Select USA. Along with the above types of jobs available with a finance degree, you could also work as a commercial banker, internal auditor, hedge fund manager, portfolio manager, venture capitalist, financial planner, insurance underwriter, loan officer, securities analyst, and more.