7 answers
Jadaya
Student
Aldie, Virginia
6
Questions
Asked
1814 views
I want to have a major in Finance, but I was wondering what successful careers I could get out of it.
I'm currently a sophomore #college-majors .
Login to comment
7 answers
Doc Frick
Career Coach and Mentor
1590
Answers
California, CA
Updated
Doc’s Answer
Jadaya as you begin considering a finance degree and looking at schools with finance programs, you should strongly consider the career you're most interested in, as you may want to tailor your studies to the career paths you want to pursue. The field of finance contains many institutions and career trajectories, so you might first decide what industry you want to work in and then look at specific roles within those industries. Some popular industry choices include Accountants, Corporate Finance Advisor, Bank Loan Officer, and Investment Management Consultant. While you can enter the career field of finance without a formal business education, you will likely have much better prospects with at least a bachelor's degree in business, finance, economics, or related degree area, as many finance career paths are highly competitive.
ACCOUNTING AND AUDITING CAREERS
Accountants and auditors are responsible for preparing various financial documents and records for businesses and organizations and making sure that they are complying with applicable state and federal tax laws. There are a number of different types of accountants and auditors, from government accountants who review the finances of government agencies to external auditors who are employed by outside agencies to make sure an organization is managing and reporting their funds correctly. To become an accountant or auditor, you will generally need a bachelor's degree in accounting.
CORPORATE FINANCIAL CAREERS
Corporate finance, as you may have guessed, involves work with corporations to handle financial affairs. Most positions within corporate finance requires at least a bachelor's degree, and master's degrees or MBAs are often preferred. Corporate finance is the area of finance that deals with providing money for businesses and the sources that provide them. These sources provide capital to corporations to pay for structural improvements, expansion, and other value-added projects and enterprises. Capital is a good that can be used now. For this lesson, it will primarily refer to money. The purpose of corporate finance is to maximize shareholder value. There are many methods that a corporation can utilize to maximize shareholder value.
BANKING FINANCIAL CAREERS
The banking sector offers many interesting career positions, and several careers in banking and finance are experiencing job growth. Because you would be working with money and other people's finances, you should have a strong aptitude for math and likely need good interpersonal skills as well. As a loan officer, you will be responsible for meeting with individuals and companies who are in need of a loan and determining whether or not they qualify by analyzing their financial information. Sometimes your job may require you to identify potential clients by placing calls and providing information about different types of loans, like consumer loans, commercial loans, and mortgage loans. To become a loan officer, you will usually need a bachelor's degree and will typically complete on-the-job training.
INVESTMENT FINANCIAL CAREERS
If you're interested in money management but want a customer-focused career dedicated to growing assets, you should strongly consider a career in investment. Investment brokers, also called stockbrokers, act as liaisons between buyers and sellers to manage client portfolios and provide investment advice. They typically charge a commission for each transaction, and signing bonuses are common in this potentially lucrative career. All investment brokers must be licensed, and advanced degrees and certification are usually required for higher-level positions. Most investment brokers have at least a bachelor's degree in business, accounting, finance, marketing, or economics.
Hope this is helpful Jadaya
ACCOUNTING AND AUDITING CAREERS
Accountants and auditors are responsible for preparing various financial documents and records for businesses and organizations and making sure that they are complying with applicable state and federal tax laws. There are a number of different types of accountants and auditors, from government accountants who review the finances of government agencies to external auditors who are employed by outside agencies to make sure an organization is managing and reporting their funds correctly. To become an accountant or auditor, you will generally need a bachelor's degree in accounting.
CORPORATE FINANCIAL CAREERS
Corporate finance, as you may have guessed, involves work with corporations to handle financial affairs. Most positions within corporate finance requires at least a bachelor's degree, and master's degrees or MBAs are often preferred. Corporate finance is the area of finance that deals with providing money for businesses and the sources that provide them. These sources provide capital to corporations to pay for structural improvements, expansion, and other value-added projects and enterprises. Capital is a good that can be used now. For this lesson, it will primarily refer to money. The purpose of corporate finance is to maximize shareholder value. There are many methods that a corporation can utilize to maximize shareholder value.
BANKING FINANCIAL CAREERS
The banking sector offers many interesting career positions, and several careers in banking and finance are experiencing job growth. Because you would be working with money and other people's finances, you should have a strong aptitude for math and likely need good interpersonal skills as well. As a loan officer, you will be responsible for meeting with individuals and companies who are in need of a loan and determining whether or not they qualify by analyzing their financial information. Sometimes your job may require you to identify potential clients by placing calls and providing information about different types of loans, like consumer loans, commercial loans, and mortgage loans. To become a loan officer, you will usually need a bachelor's degree and will typically complete on-the-job training.
INVESTMENT FINANCIAL CAREERS
If you're interested in money management but want a customer-focused career dedicated to growing assets, you should strongly consider a career in investment. Investment brokers, also called stockbrokers, act as liaisons between buyers and sellers to manage client portfolios and provide investment advice. They typically charge a commission for each transaction, and signing bonuses are common in this potentially lucrative career. All investment brokers must be licensed, and advanced degrees and certification are usually required for higher-level positions. Most investment brokers have at least a bachelor's degree in business, accounting, finance, marketing, or economics.
Hope this is helpful Jadaya
Thank You Mauro. The best way to find ourselves is to lose ourselves in the service of others.
Doc Frick
Thank You Mark. The meaning of life is to find your gift. The purpose of life is to give it away.
Doc Frick
Thank You Hiren. “Life’s most persistent and urgent question is, What are you doing for others?” — Martin Luther King, Jr.
Doc Frick
Serena Leung
International Investment Associate Director
38
Answers
New York, New York
Updated
Serena’s Answer
Hi Jadaya,
Finance is a great major that can open a lot of doors in variety of industries, I will list a few possibilities that may be of your interest.
1) Banking & Finance Industry
Knowledge in Finance is a pre-requisite to be in front office departments in the banking industry,
namely sales & trading, investment banking, fund financing, debt capital markets etc.
Finance allows you to have fundamental understanding on these niche areas,
interviewers may test you on basic finance knowledge during interview to see if you have interest and strength in the area.
For middle office departments - namely operations, business development, client onboarding departments;
finance may not be essential but it is great knowledge to have while you work with front office departments -
which will also enhance your likelihood to be hired.
2) Entertainment industry
Your knowledge in finance will be of great use when it comes to budgeting and financial planning,
if you also have a creative side and would like to be part of the entertainment business,
you will be an incredibly valuable candidate.
3) NGOs/ Governmental Organizations
Expertise in finance gives you an edge when applying for international positions for NGOs,
this will be extremely helpful for the organization to monitor financial situation of their international branches
4) Education Industry
If you would like to become a teacher or career counselor in the future,
knowledge in finance will also make you relevant if your future students seek for your guidance.
General knowledge in finance also lays a great foundation to manage your personal wealth and to potentially run your own business.
Hope the above helps, let me know if you have other questions!!! :)
Finance is a great major that can open a lot of doors in variety of industries, I will list a few possibilities that may be of your interest.
1) Banking & Finance Industry
Knowledge in Finance is a pre-requisite to be in front office departments in the banking industry,
namely sales & trading, investment banking, fund financing, debt capital markets etc.
Finance allows you to have fundamental understanding on these niche areas,
interviewers may test you on basic finance knowledge during interview to see if you have interest and strength in the area.
For middle office departments - namely operations, business development, client onboarding departments;
finance may not be essential but it is great knowledge to have while you work with front office departments -
which will also enhance your likelihood to be hired.
2) Entertainment industry
Your knowledge in finance will be of great use when it comes to budgeting and financial planning,
if you also have a creative side and would like to be part of the entertainment business,
you will be an incredibly valuable candidate.
3) NGOs/ Governmental Organizations
Expertise in finance gives you an edge when applying for international positions for NGOs,
this will be extremely helpful for the organization to monitor financial situation of their international branches
4) Education Industry
If you would like to become a teacher or career counselor in the future,
knowledge in finance will also make you relevant if your future students seek for your guidance.
General knowledge in finance also lays a great foundation to manage your personal wealth and to potentially run your own business.
Hope the above helps, let me know if you have other questions!!! :)
Latoya Chambers
Legal Analyst
4
Answers
Dallas, Texas
Updated
Latoya’s Answer
Hi Jadaya,
Finance is a terrific degree to get. Every company has a financial department with jobs where a finance degree is preferred. You can be an accountant, tax analyst or handle billing for a company. You picked a great field and will have many job opportunities when you graduate. You can also pick a minor or double major if you have any other doubts. Best of luck!
Finance is a terrific degree to get. Every company has a financial department with jobs where a finance degree is preferred. You can be an accountant, tax analyst or handle billing for a company. You picked a great field and will have many job opportunities when you graduate. You can also pick a minor or double major if you have any other doubts. Best of luck!
Rebecca Tang
Banking
1816
Answers
Hong Kong
Updated
Rebecca’s Answer
You have plenty of options. Almost all large corporations have their Finance department. Another options you can work in Financial Institutions, e.g. Investment Bank, Commercial Banks, Asset Managers, Brokers, etc. It depends on what jobs that you are interested on.
If you would like to work in Finance department in conglomerate, you can explore what industries you are interested on.
On the other hand, if you would like to work in Financial Institutions, you can consider suggestions from Mr. Frick above.
First of all, I would suggest you do more research online or speak to someone who are really working in the industry to acquire better understand. You can also explore any intern working opportunities that can give you more insight on the career you afre interetsed on.
Hope this helps! Good Luck!
If you would like to work in Finance department in conglomerate, you can explore what industries you are interested on.
On the other hand, if you would like to work in Financial Institutions, you can consider suggestions from Mr. Frick above.
First of all, I would suggest you do more research online or speak to someone who are really working in the industry to acquire better understand. You can also explore any intern working opportunities that can give you more insight on the career you afre interetsed on.
Hope this helps! Good Luck!
Kaushik Nagarur
Financial Analyst
1
Answer
Silver Spring, Maryland
Updated
Kaushik’s Answer
Hi Jadaya,
Finance is a great field to study! I currently work in the finance field. Along with the fields mentioned by John, you can also be a Project Finance Controller. This job is very popular amongst government contractors. Essentially, you would be using finance to help Projects out to figure out what they can afford, and what they cannot afford. Along with this, I have had friends in the finance field work as investment bankers, as well as financial consultants. Investment banking is lucrative due to the money that the bankers make, but is a lot of work with long hours. Essentially with a finance degree, you can get a job in most companies. My advice to you is to intern in a couple of places to see what type of work you like doing. A lot of places, such as Capital One, also have financial rotation programs after graduation, where you get paid a normal salary, and get the opportunity to try several types of finance jobs. Be sure to be on the lookout for those as well!
Finance is a great field to study! I currently work in the finance field. Along with the fields mentioned by John, you can also be a Project Finance Controller. This job is very popular amongst government contractors. Essentially, you would be using finance to help Projects out to figure out what they can afford, and what they cannot afford. Along with this, I have had friends in the finance field work as investment bankers, as well as financial consultants. Investment banking is lucrative due to the money that the bankers make, but is a lot of work with long hours. Essentially with a finance degree, you can get a job in most companies. My advice to you is to intern in a couple of places to see what type of work you like doing. A lot of places, such as Capital One, also have financial rotation programs after graduation, where you get paid a normal salary, and get the opportunity to try several types of finance jobs. Be sure to be on the lookout for those as well!
Cynthia Correa
Director, WACC Student Services/Career Services
6
Answers
Galloway, New Jersey
Updated
Cynthia’s Answer
Hi Jadaya,
There is a lot you can do in the finance area if you choose this field as a career.
Here is a list of some of the careers you can do such as: Accounting, Auditor, Credit Analyst and much more.
I have an article I would like to share with you. It was put out by The Muse. It is a really good website to visit and get information about careers and next steps.
Explore some of the career websites that you are familiar with or you can google it.
Here is one that I share with our college students. themuse.com
I also want to share this article that may give you a starting point.
It is called Careers in Finance: 11 Great Careers for Anyone Interested in Finance
https://www.themuse.com/advice/careers-in-finance
There is a lot you can do in the finance area if you choose this field as a career.
Here is a list of some of the careers you can do such as: Accounting, Auditor, Credit Analyst and much more.
I have an article I would like to share with you. It was put out by The Muse. It is a really good website to visit and get information about careers and next steps.
Explore some of the career websites that you are familiar with or you can google it.
Here is one that I share with our college students. themuse.com
I also want to share this article that may give you a starting point.
It is called Careers in Finance: 11 Great Careers for Anyone Interested in Finance
https://www.themuse.com/advice/careers-in-finance
Simeon Snow
Risk Assurance
1790
Answers
Houston, Texas
Updated
Simeon’s Answer
You could work at a bank as an account manager or a loan officer. There is also the more data centered route where you could be a financial analyst or someone who manages stocks.