15 answers
Nancy
Student
1
Question
15 answers
Frank Zamora
Senior IT Consultant
6
Answers
San Antonio, Texas
Updated
Frank’s Answer
Hi Nancy,
Even though there are many different routes you can take in finance, I agree with April's response. Becoming a teller is a great way to start, as it provides full exposure to the banking and finance industry. You can also find out if its indeed something you like or not.
I personally started my career as a teller, and I can tell you that I had the opportunity to meet many experienced professionals. Gradually, I became interested in learning more about how banking works, so I began spending time with those in key roles. One thing I learned is that if you show genuine interest, people will be willing to mentor you and guide you through your career. Even though my career shifted into Information Technology, my strong banking background has helped me throughout my career.
Hope this helps!
Even though there are many different routes you can take in finance, I agree with April's response. Becoming a teller is a great way to start, as it provides full exposure to the banking and finance industry. You can also find out if its indeed something you like or not.
I personally started my career as a teller, and I can tell you that I had the opportunity to meet many experienced professionals. Gradually, I became interested in learning more about how banking works, so I began spending time with those in key roles. One thing I learned is that if you show genuine interest, people will be willing to mentor you and guide you through your career. Even though my career shifted into Information Technology, my strong banking background has helped me throughout my career.
Hope this helps!
April Miller
Operations Manager II
1
Answer
Pittsburgh, Pennsylvania
Updated
April’s Answer
Starting off as a bank teller is an excellent choice for an entry-level job. If you're considering further education, taking accounting courses could be a fantastic first step. Alternatively, if you're still weighing your options, general business classes could be beneficial. Gaining experience in handling cash, operating a cash register, or making bank deposits can provide a solid foundation for your career.
Zsolt C
Asset Management Business Change & Transformation
2
Answers
Zürich, Switzerland
Updated
Zsolt’s Answer
- do some orientation / research / reading about what Finance is about, and what are the main areas in the corporate world where finance comes in the picture (Finance is such a broad term it could mean anything such as Accounting, Auditing, Reporting, Investment Banking, Trading, Asset Management, Wealth Management, etc)
- once you know more specifically which area is of interest to you, do some tailored trainings (maybe online courses, watch online videos, readings, etc)
- if you are still motivated to continue on that path consider doing some formal higher education such as Accounting and Finance degrees
- finally if you become more advanced and professional there are many serious qualifications that you coud do e.g. CFA, ACA, CPA , etc.
- in terms of jobs, I would recommend an Accountant (or related) role where you get exposure to Financial Statements of a company (Balance Sheet, Cash Flow, Income Statement)
- once you know more specifically which area is of interest to you, do some tailored trainings (maybe online courses, watch online videos, readings, etc)
- if you are still motivated to continue on that path consider doing some formal higher education such as Accounting and Finance degrees
- finally if you become more advanced and professional there are many serious qualifications that you coud do e.g. CFA, ACA, CPA , etc.
- in terms of jobs, I would recommend an Accountant (or related) role where you get exposure to Financial Statements of a company (Balance Sheet, Cash Flow, Income Statement)
Alex Fung
Project Manager
4
Answers
New York, New York
Updated
Alex’s Answer
Starting as a bank teller is a great way to gain practical experience in the banking industry. Working your way up through various positions can provide valuable insights and skills. Additionally, enrolling in college to major in finance and investment can significantly enhance your knowledge and open up more opportunities. Don't hesitate to purse certifications like project management to further strengthen your resume and increase your career prospects.
Nick Delis
Audit Analytics Specialist
15
Answers
McLean, Virginia
Updated
Nick’s Answer
I remember when I was looking at starting a career in financial analysis a few years ago. For me, it started out with a lot of extensive research of companies that I knew had financial service roles and networking to immerse myself into the culture I was pursuing! I met with numerous professionals across various levels and departments, each offering insights into their roles and career paths they went through. These interactions were invaluable to me, as they provided me with firsthand understanding of industry dynamics, trends and best practices. Conversations with these experienced analysts, managers, and other financiers not only broadened my knowledge, but helped me build meaningful connections to future internships and other jobs!
Don't be afraid and go talk to people in roles your interested. You will be surprised how willing most people are to listening and answering your questions!
Don't be afraid and go talk to people in roles your interested. You will be surprised how willing most people are to listening and answering your questions!
Ekaterina Nazarenko, CPA, MBA
Accountant/Consultant
1
Answer
Baltimore, Maryland
Updated
Ekaterina’s Answer
1. Boost your mathematical prowess by enrolling in the necessary courses.
2. Cultivate a disciplined study routine. Remember, tests are designed to gauge your understanding and mastery of the material.
3. Enroll in accounting courses in addition to finance ones, as accounting is the financial world's lingua franca.
4. Forge connections with those in the finance sector to expand your network.
5. Regularly peruse the Wall Street Journal to stay abreast of the latest developments in the financial industry.
6. Make it a habit to read the Economist.
7. Collaborate with your college's career office to pinpoint potential entry-level positions in finance, such as banking, insurance, and investment firms.
8. Engage with recruiters at career fairs, expressing your interest in the finance field.
9. Seize opportunities to converse with business professionals and seek their advice.
Throughout my career, I've discovered that people genuinely enjoy imparting their wisdom and aiding others in their growth. For instance, in my firm, I initiate contact with Senior Managers/Partners, who are financial services industry experts, by inviting them for an "Introduction" call via Zoom/Teams. People are generally eager to share their expertise, experiences, and advice. I'd suggest creating a list of finance professionals and reaching out to them through an introductory email or LinkedIn message. Include a brief overview of your background and interest in finance, and request a few minutes of their time for a call via Zoom/Teams/phone.
As a college student, I aspired to work for a Big 4 accounting firm, so I made sure to attend all KPMG events at my university (KPMG became my first employer). I made a point of introducing myself to recruiters, expressing my interest in accounting and the firm. I would encourage others to follow a similar approach with firms in the financial industry.
2. Cultivate a disciplined study routine. Remember, tests are designed to gauge your understanding and mastery of the material.
3. Enroll in accounting courses in addition to finance ones, as accounting is the financial world's lingua franca.
4. Forge connections with those in the finance sector to expand your network.
5. Regularly peruse the Wall Street Journal to stay abreast of the latest developments in the financial industry.
6. Make it a habit to read the Economist.
7. Collaborate with your college's career office to pinpoint potential entry-level positions in finance, such as banking, insurance, and investment firms.
8. Engage with recruiters at career fairs, expressing your interest in the finance field.
9. Seize opportunities to converse with business professionals and seek their advice.
Throughout my career, I've discovered that people genuinely enjoy imparting their wisdom and aiding others in their growth. For instance, in my firm, I initiate contact with Senior Managers/Partners, who are financial services industry experts, by inviting them for an "Introduction" call via Zoom/Teams. People are generally eager to share their expertise, experiences, and advice. I'd suggest creating a list of finance professionals and reaching out to them through an introductory email or LinkedIn message. Include a brief overview of your background and interest in finance, and request a few minutes of their time for a call via Zoom/Teams/phone.
As a college student, I aspired to work for a Big 4 accounting firm, so I made sure to attend all KPMG events at my university (KPMG became my first employer). I made a point of introducing myself to recruiters, expressing my interest in accounting and the firm. I would encourage others to follow a similar approach with firms in the financial industry.
Brandon McGrath
Consultant
3
Answers
Casselberry, Florida
Updated
Brandon’s Answer
April Miller's response about starting as a Bank Teller made me laugh, because that's exactly how I got my foot in the door too! It was a stepping stone to even greater opportunities. This could be a fantastic way for you to gain experience while pursuing your degree.
I earned my BSBA in Finance, and many of my peers followed a similar path. I highly recommend considering this route, as it can provide you with a broad understanding of various aspects in this career field. Don't forget to explore Accounting as well - it might just be the perfect specialization for you!
I earned my BSBA in Finance, and many of my peers followed a similar path. I highly recommend considering this route, as it can provide you with a broad understanding of various aspects in this career field. Don't forget to explore Accounting as well - it might just be the perfect specialization for you!
Andrew Radka
Project Manager
3
Answers
Orlando, Florida
Updated
Andrew’s Answer
To add onto the responses above, and the statement that finance is a very diverse world of different career paths, internships are a very critical path that can make it easier to prove to potential full-time employers that you have the drive to learn. Internships also allow you the time to see what experiences you like and which paths that you don't see yourself enjoying as a job. Find your lane and what you enjoy and build upon that (certifications, trainings, etc.).
Carrie Cristinzio
CPA
3
Answers
McLean, Virginia
Updated
Carrie’s Answer
Hello Nancy,
I agree with April that accounting classes are a great way to learn the language of business. They provide a great foundation for many jobs in finance.
Good luck!
Carrie
I agree with April that accounting classes are a great way to learn the language of business. They provide a great foundation for many jobs in finance.
Good luck!
Carrie
Deepti Sanghvi
Finance & Enterprise Performance Consulting
7
Answers
Seattle, Washington
Updated
Deepti’s Answer
Corporate Finance needs people who are good foundational knowledge in Financial management, Accounting, Statistical Modeling, Data Analysis, Reporting & Analytics, Strategic Finance among other things. Getting a degree in either of these areas would be your stepping stop. Then you can continue to develop expand your skills that align to a specific functional area (e.g. Planning & Budgeting) or technical area (e.g. Report developer) or industry skill (e.g. Telecom business / finance modelling).
Molly Kerrigan
Accountant
1
Answer
Kansas City, Missouri
Updated
Molly’s Answer
When looking to enter the finance industry, I suggest getting involved & growing your personal network.
If you're a student, see what clubs or programs your school offers that relate to the finance industry. When I was in college, I joined an accounting club, attended school sponsored networking events, and applied for multiple internships. Joining clubs allowed me to bounce ideas off of my fellow classmates and we'd even study together to understand complicated material. Networking allowed me to ask professionals questions about the day to day working in finance. Applying for internships was a great way to get interview experience and get to know the culture of different companies. The interviews for jobs I didn't receive an offer from often taught me the most.
Professors and recruiters are also great resources who'd be willing to make valuable introductions and answer questions.
If you're a student, see what clubs or programs your school offers that relate to the finance industry. When I was in college, I joined an accounting club, attended school sponsored networking events, and applied for multiple internships. Joining clubs allowed me to bounce ideas off of my fellow classmates and we'd even study together to understand complicated material. Networking allowed me to ask professionals questions about the day to day working in finance. Applying for internships was a great way to get interview experience and get to know the culture of different companies. The interviews for jobs I didn't receive an offer from often taught me the most.
Professors and recruiters are also great resources who'd be willing to make valuable introductions and answer questions.
Stewart Lee
Finance/Accounting
1
Answer
New York, New York
Updated
Stewart’s Answer
I agree with many of the responses here. Some critical ones for entry level roles as analysts include:
1. Taking business related classes focused on Finance and/or Accounting. A strong quantitative background is important to have in this field.
2. Excel and other related analytical tools are important to master
3. Programming skills are also becoming extremely valuable for hiring managers as we want to be efficient in the job we are performing.
4. Reading up on and listening to current events on WSJ, Economist, Barron’s, and popular podcasts.
1. Taking business related classes focused on Finance and/or Accounting. A strong quantitative background is important to have in this field.
2. Excel and other related analytical tools are important to master
3. Programming skills are also becoming extremely valuable for hiring managers as we want to be efficient in the job we are performing.
4. Reading up on and listening to current events on WSJ, Economist, Barron’s, and popular podcasts.
Nsikan Inyang
Sales
1
Answer
Saint John, New Brunswick, Canada
Updated
Nsikan’s Answer
The field of finance is incredibly diverse, offering numerous areas for specialization. While a business degree can be a good starting point, it's not the only pathway into the industry. Even students from science or arts backgrounds can build successful careers in financial services.
As you embark on your finance career, it's beneficial to gain certification in your chosen area. This not only deepens your knowledge but also helps you hone your specialization. There are many exciting areas in finance to delve into, such as Treasury Management, Audit & Compliance, Risk Management, and Financial Control, to name a few.
To boost your credentials, consider pursuing relevant certifications. Some popular ones include the Chartered Public Accountant (CPA), Certified Financial Analyst (CFA), and Financial Risk Management (FRM), among others. These certifications can significantly enhance your expertise and career prospects in the finance industry.
As you embark on your finance career, it's beneficial to gain certification in your chosen area. This not only deepens your knowledge but also helps you hone your specialization. There are many exciting areas in finance to delve into, such as Treasury Management, Audit & Compliance, Risk Management, and Financial Control, to name a few.
To boost your credentials, consider pursuing relevant certifications. Some popular ones include the Chartered Public Accountant (CPA), Certified Financial Analyst (CFA), and Financial Risk Management (FRM), among others. These certifications can significantly enhance your expertise and career prospects in the finance industry.
Christian Evelyn Dean, M.S.
Director of Retail Experience
1
Answer
Walnut Creek, California
Updated
Christian Evelyn’s Answer
The path you take in finance truly hinges on the specific area you're interested in. You might consider beginning at a foundational level like a Teller or Financial Services Representative. This introduces you to the Retail aspect of banking, providing you with essential knowledge about customer interaction. You'll gain experience in sales, managing intense situations, and evaluating risks related to both reputation and customer service. Moreover, this path opens doors for growth and advancement, allowing you to potentially evolve into roles such as a personal banker, manager, or even a senior leader.
Alan Kowalski
Consultant
3
Answers
Taunton, Massachusetts
Updated
Alan’s Answer
I agree with all of the above. Increase your math skills and accounting skills. Look for volunteer opportunities or internships. Look for any position that gets your foot in the door and start networking. Good luck.