In this article, you'll find the best entry level jobs for finance majors. The world of finance is vast and offers a plethora of opportunities for fresh graduates. Whether you've recently graduated or are nearing the end of your academic journey, it's pivotal to know the options that lay ahead. From asset management to risk assessment, the finance sector is ripe with potential. Listed below are 11 of the best entry level jobs tailored for finance majors.
- Financial Analyst
- Credit Analyst
- Investment Banking Analyst
- Tax Associate
- Risk Analyst
- Audit Assistant
- Financial Planner
- Mortgage Loan Officer
- Equity Research Analyst
- Portfolio Manager
- Corporate Finance Analyst
Table of Contents
- 1. Financial Analyst
- 2. Credit Analyst
- 3. Investment Banking Analyst
- 4. Tax Associate
- 5. Risk Analyst
- 6. Audit Assistant
- 7. Financial Planner
- 8. Mortgage Loan Officer
- 9. Equity Research Analyst
- 10. Portfolio Manager
- 11. Corporate Finance Analyst
- What is the difference between finance and financial management?
- How important is certification for these roles?
1. Financial Analyst
Financial analysts play a crucial role in guiding businesses toward informed investment decisions. They examine financial data, identify trends, and provide actionable insights to company leadership.
Skills Required
- Proficiency in financial modeling and forecasting
- Strong analytical skills
- Knowledge of financial markets
- Ability to interpret complex financial data
- Proficiency in software like Excel, SAP, or other financial platforms
Salary Range
Between $50,000 - $70,000 annually.
2. Credit Analyst
Credit analysts specialize in evaluating the creditworthiness of individuals and businesses. They analyze financial statements, credit scores, and market trends to determine the risks involved in lending money or extending credit.
Skills Required
- Proficiency in credit scoring methodologies
- Strong analytical and decision-making skills
- Knowledge of industry-specific benchmarks
- Ability to communicate complex information effectively
- Understanding of regulations surrounding lending and credit
Salary Range
Between $48,000 - $68,000 annually.
3. Investment Banking Analyst
Investment banking analysts work for financial institutions, helping companies, governments, and other groups plan and manage financial transactions, such as mergers and acquisitions.
Skills Required
- Strong quantitative and analytical skills
- Proficiency in financial modeling
- Ability to work long hours under pressure
- Knowledge of industry trends and market dynamics
- Excellent communication and presentation skills
Salary Range
Between $60,000 - $90,000 annually.
4. Tax Associate
Tax associates assist in ensuring that individuals and businesses comply with tax regulations by preparing tax returns, identifying tax savings, and providing consultancy on tax implications of decisions.
Skills Required
- Comprehensive understanding of tax laws and regulations
- Attention to detail and accuracy
- Strong numerical skills
- Effective communication skills
- Ability to handle sensitive data with discretion
Salary Range
Between $45,000 - $65,000 annually.
5. Risk Analyst
Risk analysts identify and evaluate the uncertainties that a business may face. They provide insights on potential risks and suggest ways to mitigate them, ensuring the company's longevity and profitability.
Skills Required
- Strong analytical and statistical skills
- Proficiency in risk assessment tools and software
- Ability to interpret and present complex data
- Understanding of financial markets and global events
- Problem-solving and critical thinking capabilities
Salary Range
Between $55,000 - $75,000 annually.
6. Audit Assistant
Audit assistants support audit professionals in ensuring that an organization's financial statements represent its actual financial position. They participate in the data gathering and preliminary analysis stages of the audit process.
Skills Required
- Knowledge of accounting principles and practices
- Attention to detail
- Ability to work in a team
- Strong organizational skills
- Familiarity with auditing software and tools
Salary Range
Between $40,000 - $60,000 annually.
7. Financial Planner
Financial planners assist individuals in managing their finances by recommending suitable investment strategies and financial products based on the client's goals and risk tolerance.
Skills Required
- Comprehensive understanding of financial markets and products
- Strong interpersonal skills for client relations
- Ability to interpret economic and financial trends
- Ethical judgment and integrity
- Problem-solving and critical thinking capabilities
Salary Range
Between $50,000 - $120,000 annually.
8. Mortgage Loan Officer
Mortgage loan officers specialize in assisting clients in acquiring mortgages. They evaluate and verify client's loan applications and determine the most suitable mortgage based on the client's financial situation.
Skills Required
- Familiarity with mortgage and loan products
- Strong communication and interpersonal skills
- Understanding of regulatory requirements
- Analytical thinking and detail orientation
- Sales and negotiation skills
Salary Range
Between $45,000 - $65,000 annually, plus potential commissions.
9. Equity Research Analyst
Equity research analysts analyze financial data and trends to provide investment recommendations for stocks. They generate reports and present their findings to investors and stakeholders.
Skills Required
- Proficiency in financial modeling and forecasting
- Excellent written and verbal communication skills
- Analytical and quantitative abilities
- Understanding of stock markets and business industries
- Detail-oriented and research-driven mindset
Salary Range
Between $70,000 - $90,000 annually.
10. Portfolio Manager
Portfolio managers are responsible for making investment decisions and maintaining and monitoring investment portfolios for clients, ensuring the best returns based on the client's risk profile.
Skills Required
- Profound understanding of financial markets and instruments
- Strong analytical and decision-making skills
- Client-focused approach
- Strong interpersonal and communication skills
- Risk management capabilities
Salary Range
Between $80,000 - $110,000 annually.
11. Corporate Finance Analyst
Corporate finance analysts are tasked with evaluating the financial performance of their organizations. They may be involved in budgeting, financial forecasting, and advising on investment activities.
Skills Required
- Expertise in financial modeling and analysis
- Problem-solving skills
- Ability to handle large datasets
- Proficiency in financial software and tools
- Strong communication and presentation skills
Salary Range
Between $60,000 - $80,000 annually.
What is the difference between finance and financial management?
While finance covers the broad spectrum of money management, financial management is a subset of finance that focuses specifically on the effective management of financial resources in a business or organization.
Are these jobs suitable for recent graduates?
Yes, the jobs listed in this article are tailored for entry-level positions, making them suitable for recent finance majors seeking to start their careers.
How important is certification for these roles?
Certification can significantly enhance career prospects, professional reputation, and earning capacity. Especially for roles like Financial Planner, certifications like the CFP® can be crucial.
Does networking play a significant role in obtaining these positions?
Yes, networking can significantly influence recruitment processes in the finance sector, as referrals and internal recommendations often lead to job opportunities.
