Would a career in Finance be a good fit for me? – BigFuture (2024)

FAQs

Would a career in Finance be a good fit for me? – BigFuture? ›

If you're good at math or like to work with numbers, this may be the career to pursue. If you like to solve complex problems or if you are interested in organizing information, you might want to learn more about this career path.

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.

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.

Understanding money is central to the finance major, so you should be detail-oriented and comfortable working with numbers. At the same time, work in finance also involves a lot of interaction with other people, so communication skills are also important.

I'm interested in a career in finance because it offers a dynamic environment that combines analytical thinking with strategic problem-solving. Finance roles impact businesses fundamentally and globally, providing a platform for continuous learning and growth.

Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators. That said, there are some basic math skills that would certainly make you a better candidate in the finance industry.

Is Finance a Hard Major? Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.

If you're good at math or like to work with numbers, this may be the career to pursue. If you like to solve complex problems or if you are interested in organizing information, you might want to learn more about this career path.

To be a financial analyst, you must have strong analytical, math, and communication skills—and be able to endure high stress. You must have a four-year degree in finance or a related field, and you'll eventually need a CFA certification or other FINRA license and, likely, an MBA.

The finance industry is famously hard-charging, especially at the junior levels, and you need to show you can handle it and more. Good references are valuable no matter what, but, more importantly, impressing your bosses during an internship can be a great way to open doors for a future full-time job with that company.

How do you know if you are interested in finance? ›

Consider your goals

First, ask yourself what your long-term career goals are. A career in finance consumer services can provide stability and advancement opportunities, but if your long-term goal is to start your own business or work in a different field, it may not be the best choice.

You can check your own credit report by using an online checker, and this will give you a good idea of where you'll stand when applying for finance. Experian, Equifax, and TransUnion all have online credit checkers, and are the three main credit reference agencies that finance companies use.

Financial stability can be defined differently for each person, but there are some common indicators of being financially secure. Signs of financial stability include following a budget, living below your means, saving money consistently, prioritizing debt repayment, and paying bills on time.

Those who are financially healthy are successfully managing all aspects of their financial life. They have good to excellent credit, a handle on debt, an emergency savings fund and are on the right track for retirement.