Types of Jobs You Can Acquire With a Degree in Finance

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You are in your junior year of college and it’s time to think about your future after you graduate. Acquiring a Bachelor’s degree in finance, opens the door to many possibilities of employment within the financial industry. Listed below are a few options worth considering. 

Loan Officer 

A loan officer is an excellent career choice if you enjoy working with people and helping them accomplish their dreams. A loan officer can work for a bank or other types of financial institutions. They are the go-between person working with many lenders to find the one that works best for the borrower. A loan officer can make a good living when the economy is thriving and if they work for a large company. While the job is full of risks and no deal is ever a guarantee, mortgage careers can prove to be very lucrative. 

Financial Planner 

If you want to help people manage their money and build wealth, becoming a financial planner may be something that interests you. The job description includes working with individuals on a personal level and helping them make smart decisions with their money to achieve their long-term goals. You would, in essence, establish a plan and guide individuals each step of the way. A financial planner can make a good living, especially those who are willing to work in a big city, such as New York. 

Financial Analyst 

If you have an interest in the stock market, becoming a financial analyst may prove to be a worthwhile career choice. Its a career that’s diverse and often comes with a higher salary. Instead of working with individuals, you will work with banks, investors, or finance officers at large corporations. You can choose to work for a private or a public company, a non-profit, an insurance company, a brokerage firm or for the government. 

Your main function and area of expertise is to acquire data from various places and then create financial models and write reports regarding their findings and recommendations with regard to things like budgeting, acquisitions, and mergers. A financial analyst can make an average salary of nearly $85,000 per year. 

Actuary 

An actuary should have excellent skills in math, a good understanding of economics and probability, and possess a degree in finance. The job description of an actuary is to calculate the money needed to cover an unforeseen risk. Most actuaries work in the insurance industry, however, some also seek employment in the finance sector. The median salary is roughly $100,000 dollars per year. 

Accountant 

An accountant works with numbers and learns not only how to construct a financial statement and create a budget, but also how to interpret them and then critique them. Accountants pay attention to detail and analyze problems regarding the business. They can work in the private sector or for large financial institutions. The salary depends, in part, on where you work, however, the average salary is in the range of approximately $70,000.

Investment Banking 

If you have a lot of energy, enjoy taking on challenges, and are able to make quick decisions, a career in investment banking may be a good fit for you. You will sell and trade stocks, handle corporate securities, and offer advice based on your skills and education to individuals and corporations. And, with an average salary at nearly $100,000 per year, it’s also a smart investment for your future. 

Getting a degree in finance opens the door to many lucrative job opportunities. Before finishing out your final year of college make a decision that provides the best fit for you and then try to do an internship ahead of time to get acclimated with the job responsibilities.