By Matt Whittle
Individuals with analytical minds and strong attention to detail make good candidates for in-demand careers in finance. This field offers many roles beyond trading on the stock exchange floor, though many positions still include financial forecasting and investments for businesses and clients.
As the finance and tech worlds overlap more, professionals in these sectors can maximize returns on investments for individuals and organizations. This guide explores whether finance is a good career path, including salary data for finance jobs, projected employment growth rates and answers to frequently asked questions.
The Benefits of Working in Finance
Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.
TheU.S. Bureau of Labor Statistics(BLS) projects that business and finance jobs will be in demand from 2022 to 2032, with 911,400 openings on average each year. Certain roles within finance, like financial examiner, are expected to grow over six times faster than the rate for all occupations nationwide.
Finance professionals also earn above-average salaries. BLS data indicates that personal financial advisors earned a median annual income of nearly $95,390 as of 2022, more than double the median annual salary for all occupations nationwide. Financial analysts—among the most common careers in finance—earned a median annual salary of $96,220.
In fact, the BLS reported relatively high pay for business and financial occupations overall. These professionals earned a median annual salary of $76,850, or about $30,000 more than the median annual wage for all jobs in the United States.
Cutting-edge developments at the intersection of finance and tech (fintech) allow finance professionals to stay up to date in an evolving field. The need for knowledgeable workers to assess investment opportunities will continue to drive demand for careers in finance.
Finance professionals can also pursue advanced roles in the field to take on more responsibilities and increase their pay. With more education, experience or certification in specific areas of finance, professionals can work infinance degreejobs as portfolio managers, chief financial executives and senior financial analysts.
Read the full article here: https://www.forbes.com/advisor/education/business-and-marketing/careers-in-finance/
FAQs
Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.
How to answer why do you want to pursue a career in finance? ›
Tips to answer "Why do you want to pursue a career in finance?"
- Showcase your passion. ...
- Highlight your analytical skills. ...
- Discuss the impact. ...
- Emphasize the challenge. ...
- Show your understanding of the industry. ...
- Link it to your skills. ...
- Highlight the potential for continuous learning. ...
- Discuss the potential for growth.
A career in finance offers higher-than-average wages and numerous promotion opportunities for professionals. Perks often include private healthcare, insurance, discounted travel, dining and gym membership.
What motivates you to pursue a career in finance? ›
Lucrative compensation, job stability, intellectual challenges, and room for growth make finance an attractive and ever-evolving field for ambitious individuals looking to build a successful and impactful career.
Why did you choose to major in finance? ›
A finance degree can open doors to a broad range of dynamic professional opportunities — often with high earning potential in diverse industries. Finance majors learn fundamental business skills that can translate to careers in a variety of organizations in the public, private, and nonprofit sectors.
How to answer tell me about yourself in a finance interview? ›
"I'm a finance professional with over ten years of experience in investment banking. In my current role, I oversee a team of analysts and have successfully completed numerous high-value transactions. I'm excited to bring my expertise to a new company and help drive success.
What is the best career in finance? ›
This blog lists the 15 highest-paying jobs in finance to help aspiring professionals understand industry trends better.
- Chief Financial Officer. ...
- Investment Banker. ...
- Budget Analyst. ...
- Budget Director. ...
- Tax Director. ...
- Tax Director. ...
- Hedge Fund Manager. ...
- Investment Portfolio Manager.
Finance degrees are in much demand worldwide, with many different career path options and great monetary benefits. The Bureau of Labor Statistics forecasts finance-related jobs to grow 7% from 2021 to 2031, with an expected increase of about 715,100 new jobs and about 980,200 openings from growth and replacement needs.
What is interesting about studying finance? ›
Finance encompasses the management of money at the personal, corporate and public levels. Students learn the big picture of business and can prepare for careers ranging from financial adviser to investment banker.
How do you know if finance is for you? ›
How To Decide? Finance is an exciting major with plenty of career opportunities. If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you.
A student with strong mathematical and statistical skills is a particularly good fit as a finance major. However, there is more to finance than simply crunching numbers. Creative problem-solving and the ability to make calculated decisions quickly are skills prized in finance majors.
Is majoring in finance worth it? ›
High earning potential: Many jobs in finance offer high salaries and growth potential, making it a lucrative career choice. Diverse career opportunities: With a finance degree, you can work in various roles and industries, from investment banking to risk management to financial planning.
Why do you want to pursue a career in TresVista? ›
You want to pursue a career in tresvista: TresVista is amazing because of the workplace environment. Everyone here is really helpful and supportive, including the boss and my coworkers. I am motivated to raise my learning curve since the management allows me enough time to instill new ideas.
How to break into the finance industry with no experience? ›
How to Break Into Finance with No Experience
- Overview.
- Offer to Work (for Free) at a Search Fund.
- Start a Blog about Investing.
- Write Articles on Seeking Alpha and Value Investors Club.
- Start a Solo Small Business.
- Invest Your Own Money.
- Take Courses or get Certificates.
- Network Aggressively and Systematically.
At number one we have finance. Given that this is one of the majors with the highest upside. while also being incredibly easy academic wise and extremely popular, you betcha this one is oversaturated and super competitive.
