Best Entry-Level Finance Jobs for 2022 (2023)

Finance can be a fiercely competitive field. After all, it’s a famously high-paying industry known to deal out six or seven figures in salaries and bonuses for those at the top. Even those on the bottom rung can expect to start at a good wage compared with other fields.

You may not walk into your dream job right away, but the good news is that finance is a vast industry, so when you’re in, there’s plenty of room to evolve, move around, and find your niche. First, however, you have to get your foot in the door.

Women and members of many minority groups are underrepresented in financial occupations. Bureau of Labor Statistics figures for 2021 show that women made up 40.2% of financial and investment analysts; 13.1% were Black or African American, 20.7% were Asian, and 10.7% were Latino or Hispanic. Among personal finance advisors, the numbers were 33.8% women, 7.3% Black or African American, 7.5% Asian, and 7.7% Latino or Hispanic.

Key Takeaways

  • Finance-sector jobs pay higher than the median salary, even at entry-level positions.
  • There is a lack of racial and gender diversity in the finance industry.
  • The U.S. Bureau of Labor Statistics estimates that finance sector jobs are projected to grow8% from 2020 to 2030.
  • You don’t need an Ivy League background to get in on the finance action, but an undergraduate degree is required at the very least, and economics- or math-oriented majors are preferable.
  • Popular entry-level jobs in finance include analysts, tax associates, auditors, and financial advisors.

2:08

A Look At Entry-Level Careers In Finance

Entry-Level Salary

According to the job-search website Glassdoor, entry-level finance compensation averages a whopping $94,000 a year as of December 2021. Figures compiled by the National Association of Colleges and Employers (NACE) are lower but still top the median salary. According their 2022 Salary Survey, Computer Science majors saw the biggest starting salaries, $75,900 per year (up 5% from 2021). Engineering graduates are likely to see the second-highest paychecks, with an average salary projection of around $74,000 (up 4% from 2021).

Starting paychecks for majors in the business, finance, accounting, insurance, and real estate fields can expect to have a median of $60,695 annually, up more than 3% from 2021.

According to the U.S. Bureau of Labor Statistics (BLS), to get a sense of how high the overall average income is, in Q2 2022, the median individual income was $1,037 per week ($53,924 annually). And the median U.S. household income was $79,900 for the fiscal year 2021, per the U.S. Department of Housing and Urban Development (HUD).

(Video) Highest Paying Finance Career Tier List (Finance Jobs Ranked)

Education Requirements

So how do you start? Well, the good news is that you don’t need a Harvard Business School degree. Having several years of financial or business work experience is often preferable before acquiring an MBA.

However, an undergraduate degree is required for a position at almost any reputable financial institution. Though companies claim they hire majors of all types, ideally, your academic background should demonstrate your ability to understand and work with numbers. That requires knowledge of economics, applied mathematics, accounting, business, and computer sciences.

Interestingly, the NACE study found that in breaking down financial sector salaries by major, those who concentrated on engineering and computer sciences were higher. At the same time, those in sales and communication ranked lower. If your primary major is in a different field, try to minor in a finance-related area.

Internships Are a Steppingstone

Internships are even more critical. Many firms visit campuses to recruit for summer internships or hold symposia, workshops, or networking opportunities. Examples include the Goldman Sachs Undergraduate Camp and Morgan Stanley's Career Discovery Day.

Internships can be as tough to secure as an actual job, but they're invaluable. Not only do they provide contacts and experience, but they also often lead directly to a spot in the company's training program after graduation—or, at least, in the innermost circle of consideration.

Continuing Financial Education

If you’ve already graduated, continuing education is another way to boost your financial IQ and demonstrate your commitment to a financial sector career. Finance-specific credentials such as the chartered financial analyst (CFA), the certified public accountant (CPA), or the certified financial planner (CFP) designations can all help your job prospects, depending on the particular facet of finance you are targeting.

In the United States, professionals who plan to deal with investments and finances must pass a series of licensing exams. You had to be sponsored by a financial institution even to take one of these tests in the past. However, as of 2018, the Financial Industry Regulatory Authority (FINRA) finalized the new Securities Industry Essentials (SIE) exam, which can be taken without sponsorship.

The exam is open to anyone 18 years old and over; the 75-question, 105-minute SIE is ideal for “demonstrating basic industry knowledge to potential employers,” to quote the FINRA website.

$81,410

The projected median pay in 2021 (the most recent figure, as of April 18, 2022) for a financial analyst with a bachelor’s degree in finance.

(Video) Best Entry Level Job Tier List (Entry Level Careers RANKED!)

Lack of Diversity in the Financial Industry

Unfortunately, there is a lack of diversity in the financial industry, especially within top management positions. Companies are working to address and remedy this inequity. For example, according to the CFP Board, the number of Black and Latino CFP fiance professionals grew 12% (the highest increase ever) in 2019. However, there are still only 3,259 Black and Latino CFP professionals overall.

There are nonprofits and advocacy groups, like the Alliance of Black Women Accountants and the National Association of Black Accountants, available to support people of color working or who want to work in finance. In addition, 100 Women in Finance, the Greenwood Project, and Blackstone: Future Women Leaders Program are sources providing support to people of color and women in the workplace.

According to a study by Bloomberg, minority students, especially women, are underrepresented in business schools. According to data, "half the Hispanic share of the U.S. population. Black students had 8% of MBA seats, less than the 14% Black share of the population. Asian students, the best-represented group, exceeded the Asian share of the U.S. population at 62 of 84 schools."

More students who identify as BIPOC, particularly women, should investigate grants and scholarships designed to help finance majors earn their degrees to boost these figures. Among them are:

  • National Association of Black Accountants National Scholarship
  • Minorities in Government Finance Scholarship
  • The American Institute of Certified Public Accountants Scholarship Award for Minority Accounting Students
  • The Tang Scholarship

Looking for Finance Jobs: Best Entry-Level Positions

The key is to identify the most rewarding entry-level jobs in terms of salary and future career prospects and think hard about which might be the best fit for your abilities and interests. When you have narrowed down which interests you the most, you can begin your search.

Aside from your network of friends and family, online job sites are a logical place to search for entry-level finance roles. LinkedIn, Indeed, and Monster are good sites. Still, it might be more efficient to scour sites that specialize in finance-industry jobs or resources, such as eFinancialCareers, BrokerHunter, or 10X EBITDA (for investment banking).

Financial Analyst

Financial analysts work for investment companies, insurance companies, consulting firms, and other corporate entities. Responsible for consolidating and analyzing budgets and income statement projections. They prepare reports, conduct business studies, and develop forecast models. Financial analysts research economic conditions, industry trends, and company fundamentals.

They also often recommend a course of action for investments, reducing costs, and improving financial performance. Along with a bachelor’s degree in finance, accounting, or economics, you should have robust information technology (IT) skills for an analyst role.

The BLS estimated that there were about 492,100 financial analyst jobs in the American economy in 2020 and projected an average growth rate of 6% through 2030 for them. According to the BLS, financial analysts earned a median salary of $83,660 in 2020.

Financial careers tend to be found and flourish in major financial hubs and cities like New York, Chicago, London, and Tokyo. Seeking out college internships at major financial firms' headquarters can help you get ahead when you begin to apply for entry-level positions.

(Video) 2 Best Entry Level Finance Jobs

Investment Banking Analyst

Investment banking is one of the most prestigious areas of the financial sector; investment banking professionals assist individuals, corporations, venture capital firms, and even governments with their requirements related to capital. Investment banksunderwrite new debt and equities for all types ofcorporations, aid in selling securities, take companies public, and facilitatemergers and acquisitions, reorganizations,and broker trades for both institutions and private investors.

An analyst usually fills an entry-level role at an investment bank, hedge fund, or venture capital firm. Their most common duties include producing deal-related materials, performing industry research and financial analyses of corporate performance, and collecting materials for due diligence. Recommendations based on the interpretation of financial data often play a role in determining whether certain activities or deals are feasible.

The average investment banking analyst's starting salary was $70,168 in December 2021, according to Payscale, a compensation-analysis site. Candidates have a bachelor's degree in economics, finance, or management, though this is one job for which a master's degree in these areas helps too.

Junior Tax Associate/Accountant

Some financial services remain in constant demand, especially those associated with taxation—the need to comply with changing Internal Revenue Service (IRS) regulations and local and state laws. These professionals implement measures and develop policies relating to taxes, including calculating and estimating payments, conducting research, reviewing internal fiscal systems, preparing returns and other tax-related documents, and working with auditors.

These duties may sound arcane, but tax-related jobs can often lead to corporate positions such as controller (or comptroller), accounting manager, budget director, and even treasurer or chief financial officer (CFO). For this sort of work, candidates need a bachelor’s degree in accounting (or at least accounting skills) and a CPA license if you want to advance. However, companies often offer the opportunity to obtain one while on the job.

With this in mind, a junior tax associate’s role is ideal for college graduates seeking work experience in the financial sector. According to the BLS, the annual median salary was $55,640 in 2020, but this field might see a 4% decline in jobs by 2030.

Personal Financial Advisor

Personal financial advisors evaluate the monetary needs of individuals and help them make decisions about investing, budgeting, and saving. Advisors help clients strategize for short- and long-term financial goals, from tax planning to retirement planning to estate planning. Many advisors provide tax services or sell insurance in addition to providing financial counsel. They might offer financial products such as mutual funds or even directly manage investments or serve as a liaison between the individual and an asset manager.

TheBLS estimates the median annual wage in 2021 for personal financial advisors was $94,170 but projects a slower-than-average growth of 5% through 2030. The BLS cites such demographic trends as the retirement of the baby boomer generation, the growing numbers of self-employed people, and the dwindling of private-sector employer pension plans as driving a need for advisory services.

The profession doesn't require any specific bachelor's degree. However, financial advisors can benefit from the study of economics, math, and finance. They also need to be good communicators because they must interpret and explain complex subjects to laypeople, so the critical thinking and analytical and writing skills honed in liberal arts fields can be helpful too.

Personal financial advisors who directly buy or sell stocks, bonds, or insurance policies or provide specific investment advice must pass various licensing examinations. However, this is done on the job because you have to be employed or sponsored by a securities or investment firm to take them. Remember, though, that anyone can take the basic SIE exam. Many advisors also earn industry credentials, such as becoming a CFP, to enhance their prestige and networking opportunities.

(Video) non-Investment Banking Finance Job with HIGH PAY & GREAT WORK LIFE BALANCE?

How Many Jobs Are Available in Finance?

There are literally thousands of jobs available in the robust finance industry from finance assistant to CEO, and accountant to a certified financial advisor. It depends on the sector you are job hunting in, for example, according to the U.S. Bureau of Labor Statistics (BLS), there are 41,000 financial analyst jobs added every year.

What Jobs Can You Get With a Finance Degree?

There are several entry-level jobs you can get with a finance degree, depending on your area of study, type of degree, and experience. Junior tax accountant, stockbroker, personal finance advisor, banking assistant, and financial analyst are a few entry-level choices. There are also many jobs available to MBA graduates, including financial analysts, accountants, tax advisors, certified financial advisors, and/or a position at a hedge fund or in the securities market. These are all jobs that may be open to an MBA graduate.

What Are the Highest Paying Finance Jobs?

Some of the highest paying jobs in finance include private equity associate, chief financial officer, chief compliance officer, or hedge fund manager.

What Is the Entry-Level Salary for a Finance Job?

The National Association of Colleges and Employers (NACE) lists an expected average first-year salary of $60,695 for business and finance-related majors in 2022. The jobs and compensation-tracking website Glassdoor indicates that for 2022, the average entry-level finance position is paid a base salary of around $46,000 plus bonuses and additional compensation of $48,000, for a total of $94,000.

Where Do I Look to Find a Finance Job?

Online websites can be an excellent resource. LinkedIn, Monster, and Indeed are all helpful job-search sites, but don't neglect using those that specialize in finance-industry jobs or resources. These include eFinancialCareers, BrokerHunter, and 10X EBITDA (for investment banking). Of course, personal connections are generally pure gold, so nothing is as effective as a useful network of friends and family, should you be fortunate enough to have one.

The Bottom Line

Getting your foot in the finance door takes serious preparation and commitment. It’s a highly competitive industry, so treat the process as a job in itself, leave no networking stone unturned, and keep up to date with all the latest finance news. Develop your knowledge, pursue further education if required, be as proactive as possible, and remember to stay positive.

Joining the world of finance is definitely possible if you play your search cards right. And don’t worry if your first job isn’t your dream job. The goal is to find your way inside that heavily guarded fortress. You can work on the rest from there.

FAQs

What are the 4 Career Pathways in finance? ›

The four career pathways in the finance cluster are banking and related services, business financial management, financial and investment planning, and insurance services.

What is the best career in finance? ›

Highest paying finance jobs
  • Investment banker.
  • Information technology auditor.
  • Compliance analyst.
  • Financial advisor.
  • Insurance advisor.
  • Financial analyst.
  • Senior accountant.
  • Hedge fund manager.

What career makes the most money? ›

Highest-Paying Careers
RankOccupation2021 Median Wages
Employment column two Annual
1Obstetricians and Gynecologists$208,000+
1Ophthalmologists, Except Pediatric$208,000+
1Oral and Maxillofacial Surgeons$208,000+
7 more rows

What is the easiest finance job? ›

Entry Level Finance Jobs for New Grads
  • Accountant. Many finance jobs build on accounting skills and knowledge, but that doesn't mean that there's no need for general accountants. ...
  • Tax Associate. ...
  • Financial Analyst. ...
  • Credit Analyst. ...
  • Data Analyst. ...
  • Budget Analyst. ...
  • Economist. ...
  • Insurance Claims Adjuster.

How do I start a career in finance with no experience? ›

How to get a job in finance with no experience
  1. Prepare an effective resume. ...
  2. Network as much as possible. ...
  3. Know the trends in financial institutions. ...
  4. Visit your college career center. ...
  5. Have a mentor in the financial sector. ...
  6. Be ready to start from a lower position. ...
  7. Complete an internship in a financial institution.
22 Feb 2021

How do I get started in finance? ›

How to start a career in finance
  1. Earn a bachelor's degree. ...
  2. Pursue an internship. ...
  3. Use a current employee as a referral. ...
  4. Take relevant courses. ...
  5. Pair up with a mentor. ...
  6. Attend a career fair. ...
  7. Start in an entry-level position. ...
  8. Build the skills section of your resume.
15 Feb 2021

How can I get a job in finance without a degree? ›

5 Finance Jobs That Don't Require a College Education
  1. Bank Teller. Bank tellers process routine transactions at a bank, such as cashing checks, collecting loan payments, and depositing money. ...
  2. Bookkeeping, accounting or auditing. ...
  3. Financial clerks. ...
  4. Cashier. ...
  5. Bill and account collectors.

Is a career in finance right for me? ›

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.

Why do finance jobs pay so well? ›

In this environment financial institutions have offered a number of highly priced services that companies and investors find worth the cost. This is a very competitive market and clients pay for what they perceive to be higher returns, less risk and reduced capital costs.

Are finance jobs stressful? ›

If you work in financial services, you've likely spent many a night kept up over the stresses of the job. The working hours, the responsibilities, the external pressures to deliver consistent compelling results – they all add up.

How can I grow a career in finance? ›

If you pursue a career in finance or accounting and have the skills suited for such a field, it will be rewarding for you.
...
  1. Take Up Business Degree Courses. ...
  2. Get Yourself More Certifications. ...
  3. Learn Business and Financial Terms.
  4. Expand Your Network. ...
  5. Seek Mentorship.
14 Nov 2021

What is the easiest career with high pay? ›

16 high paying simple jobs
  1. Word processor. National average salary: $47,119 per year. ...
  2. Notary Public. National average salary: $47,835 per year. ...
  3. Purchasing agent. National average salary: $49,376 per year. ...
  4. Groundskeeper. National average salary: $50,475 per year. ...
  5. Accounting clerk. ...
  6. Librarian. ...
  7. Appraiser. ...
  8. Garbage truck driver.
14 Apr 2022

What is considered a dead end job? ›

A dead-end job is a job where there is little or no chance of career development and advancement into a better position.

What jobs make the most money without a college degree? ›

Here are the highest paying jobs without a college degree:
  • Patrol Officer.
  • Executive Assistant.
  • Sales Representative.
  • Flight Attendant.
  • Electrician.
  • Plumber.
  • Wind Turbine Technician.

What is the least stressful job in finance? ›

Accounting: Finishing last on every ballot, accounting is “virtually stress-free as long as you like routine and are willing to work long hours on a seasonal basis,” said Cohen. There's also minimal client-facing and you're never on an island.

What is a low-stress job that pays well? ›

According to data that FinanceBuzz compiled from the U.S. Bureau of Labor Statistics (BLS) and the Occupational Information Network (O*NET), some low-stress jobs that typically yield a six-figure salary include mathematician, software developer, political scientist, physicist, chemical engineer, astronomer, and ...

What is the least stressful job? ›

  • 10 Low-Stress Jobs.
  • Data Scientist.
  • Dietitian.
  • Medical Records Technician.
  • Massage Therapist.
  • Appliance Repairer.
  • Librarian.
  • Diagnostic Medical Stenographer.

Is it hard to get into JP Morgan? ›

JPMorgan is notorious for being incredibly selective in the hiring process. In 2021, JPMorgan received 50,000 applications for only about 400 internship positions. As competition increases, here's what you need to know about the interview process. It takes a certain personality to work for JPMorgan.

How long does it take to find a finance job? ›

Only 12% of those people said they found their last job within a month of looking. Instead, 58% said it took over six months to find something new - with 34% saying it took over a year.

Can you be a financial advisor without a degree? ›

Generally speaking, it is not necessary to have a college degree to become a financial advisor. However, many firms will view it as a prerequisite for new hires, especially those with prestigious training programs. What is required are licenses and registration with FINRA, the financial services regulatory body.

Is it hard to get a job in finance? ›

Landing a finance job with just a bachelor's degree isn't impossible but is highly competitive.

What qualifications do I need to work in finance? ›

You'll need:
  • knowledge of economics and accounting.
  • business management skills.
  • maths knowledge.
  • analytical thinking skills.
  • financial management skills.
  • leadership skills.
  • the ability to use your initiative.
  • to be thorough and pay attention to detail.

What is the basic of finance? ›

Finance involves borrowing & lending, investing, raising capital, and selling & trading securities. The purpose of these pursuits is to allow companies and individuals to fund certain activities or projects today, to be repaid in the future based on income streams generated from those activities.

Can I work at Bank of America without a degree? ›

Bank of America is invested in providing employment opportunities to those without college degrees.

Is finance a lot of math? ›

Some of the main math-related skills that the financial industry requires are: mental arithmetic (“fast math”), algebra, trigonometry, and statistics and probability. A basic understanding of these skills should be good enough and can qualify you for most finance jobs.

What jobs can you get at a bank without a degree? ›

If you're looking for a new financial job, consider these 14 bank jobs without a degree:
  • Accounting assistant.
  • Personal banker.
  • Bank teller.
  • Payroll specialist.
  • Bill collector.
  • Office administrative assistant.
  • Bookkeeping clerk.
  • Receptionist.
26 Oct 2021

Is finance harder than accounting? ›

Generally speaking, people consider accounting majors to be more difficult to study and pass than finance majors. And there are a few different reasons for this. The content of accounting majors is, on average, much more technical than for finance majors, and this can make it more difficult.

IS finance good for introverts? ›

These financial management positions include controllers, treasurers, credit managers, cash managers, risk managers and insurance managers. Since each of these positions requires strong analytical skills along with the ability to work independently, introverts tend to make ideal candidates.

Which is harder marketing or finance? ›

Finance is harder and more demanding than Marketing if you're not a fan of mathematics, it may not come naturally to you. Of course, there's number-crunching in marketing, too, but not to that extent. And comparatively, marketing degrees are a lesser strain on your mind.

Is finance a stable career? ›

Is finance a stable career? Generally, yes. While the sector is known to be quite cyclical—banks and brokerages tend to lay off many people during big recessions—finance skills are in such high demand that qualified professionals will unlikely be out of work very long.

Should I work in finance or tech? ›

Tech leaves its counterpart in the dust when it comes to work culture, job mobility, better hours, and better perks. People feel this. On every survey metric, tech beats finance on job satisfaction and employee happiness. The world of technology offers an unparalleled opportunity to learn, to build, and to innovate.

Do you make more in finance or tech? ›

Comparing Wages Between Finance and Technology

Starting wages between the two fields are largely comparable. Tech may actually edge out starting position wages on Wall Street considering that tech firms often offer stock-based compensation bonuses.

Is financial analyst easy? ›

No, it is not easy to become a financial analyst.

They assess the performance of stocks, bonds, and other types of investments. To do this requires a deep understanding of statistics, finance, and business acumen.

Is finance analyst a hard job? ›

Yes, being a financial analyst is a hard job.

Most financial analysts report high-stress levels and heavy workloads. The work itself is complex and requires a lot of knowledge and continuous study. While financial analysts are usually paid well, it comes at the cost of a healthy work-life balance in many cases.

What degree is best for a financial analyst? ›

A bachelor's degree in a math or finance-related major is often sought. A masters in finance, a math-related field, or an MBA will also help get your foot in the door, as well as industry certifications such as a CFA charter.

Which is better finance or accounting? ›

Finance professionals deal with aspects such as return on investment (ROI) and risk management, and accountants focus on items such as balance sheets and income statements. The field of finance offers more career choices but also less predictability. In some cases, careers in finance might offer higher pay.

Can you get a job at Deloitte without a degree? ›

No, you do not need a degree to work for Deloitte.

Is finance a BA or BS? ›

Is finance a BA or BS? A finance degree is a BS or a bachelor's of science degree.

How can I make 80k a year without a degree? ›

Jobs That Pay 80k a Year Without a Degree
  1. Commercial Pilot. Median pay: $121,430 per year. ...
  2. Transportation, Storage, and Distribution Manager. Median pay: $94,560 per year. ...
  3. First-Line Supervisor of Police and Detectives. Median pay: $91,090 per year. ...
  4. Elevator and Escalator Installers and Repairer. Median pay: $84,990 per year.
1 Dec 2020

What is the best career to start at 40? ›

25 best careers to start at 40
  • Real estate agent.
  • Proofreader.
  • Freelance writer.
  • Translator.
  • Consultant.
  • Job Recruiter.
  • Social media manager.
  • Project or program manager.
1 Jun 2022

What is the quickest career to get? ›

And a months-long diploma or certificate program is often enough for some of the fastest careers to get into.
...
High-Paying Jobs With Little Schooling Required
  • Police Officer. ...
  • Aircraft Mechanic. ...
  • Mechanical Engineering Technician. ...
  • Radiologic (X-Ray) Technologist. ...
  • Welder. ...
  • Diesel Mechanic.

What is the least paid job in USA? ›

25 of the Lowest Paying Jobs
  • Gambling and Sports Book Writers and Runners.
  • Gambling Change Persons and Booth Cashiers.
  • Parking Lot Attendants.
  • Home Health and Personal Care Aides.
  • Non-Farm Animal Caretakers.
  • Maids and Housekeepers.
  • Entertainment Attendants and Related Workers.
  • Shoe Machine Operators and Tenders.
13 Sept 2022

What are some odd jobs? ›

Here is a list of 15 odd jobs to help you find a nontraditional career that pays well:
  • Bereavement coordinator. ...
  • Bingo or casino manager. ...
  • Master marijuana extractor. ...
  • Online dating ghostwriter (freelance writer) ...
  • Art therapist. ...
  • Flavorist (chemist) ...
  • Color expert/designer. ...
  • Voice-over artist.

Why am I stuck in a dead-end job? ›

[Morgan] A dead end job usually means the employee feels stuck or stifled in their role. This could be because they do not see any possibility for promotion or because they aren't given the opportunity to learn new skills, develop other capabilities, or take on new challenges.

What job pays $100 an hour without a degree? ›

Freelance photographer

Photographers who specialize in graphic design and art can be the most likely to earn $100 an hour, but they normally have about five years of experience in the field. Education requirements: You don't need formal education for this occupation, but a high school diploma or GED is recommended.

How can I get 6 figures without college? ›

Here are some ideas for jobs that make six figures without college.
  1. Real estate agent. Real estate can be a lucrative line of work for the right person. ...
  2. Construction management. ...
  3. Elevator/escalator installer. ...
  4. Commercial pilot. ...
  5. Web developer. ...
  6. Honorable mentions.
3 Jan 2022

What certifications pay the most? ›

Given below are the top certifications that pay well.
  • Full Stack Web Development.
  • Cloud Computing.
  • DevOps.
  • Digital Marketing.
  • Business Analytics.
  • Data Science.
  • Artificial Intelligence.

Do finance jobs pay well? ›

According to ZipRecruiter, the national average salary for a finance professional is $73,284, with the majority of finance professionals earning between $44,500 to $97,000 a year. Some top earners can make $150,000 and more annually.

Do finance majors make good money? ›

Finance is a high-paying major. The average starting salary for finance majors is $55,000, and the average mid-career salary is $110,000.

What 4 year degree makes the most money? ›

Highest Paying Jobs With a Bachelor's Degree
RankMajorMid-Career Pay
Rank:1Petroleum EngineeringMid-Career Pay:$187,300
2Operations Research & Industrial EngineeringMid-Career Pay:$170,400
3Electrical Engineering & Computer Science (EECS)Mid-Career Pay:$159,300
4Interaction DesignMid-Career Pay:$155,800
21 more rows

What can I do with an MBA in finance and no experience? ›

MBA in Finance No Experience jobs
  • 2023 MBA Finance Leadership Development Program (FLDP) - Full Time. ...
  • Finance Analyst III. ...
  • Reporting Professional (Remote) ...
  • Finance Analyst II. ...
  • Senior Brand Manager (2023 MBA Graduates) ...
  • Finance Manager Designate. ...
  • Head of Product Marketing. ...
  • MBA Leadership Development Program, Finance Strategy.

What branch of finance pays the most? ›

Chief financial officers (CFO) oversee business budgeting, cost-related decision-making, and financial teams. The CFO role is one of the highest paying finance jobs because it requires financial leadership, experience, and an extensive network.

What finance jobs can you get without a degree? ›

5 Finance Jobs That Don't Require a College Education
  • Bank Teller. Bank tellers process routine transactions at a bank, such as cashing checks, collecting loan payments, and depositing money. ...
  • Bookkeeping, accounting or auditing. ...
  • Financial clerks. ...
  • Cashier. ...
  • Bill and account collectors.

How do I start a career in finance? ›

How to start a career in finance?
  1. Seek an internship.
  2. Use a current employee as a referral.
  3. Get guidance from a recruiter.
  4. Expand your knowledge with relevant courses.
  5. Start networking and find a mentor in finances.
  6. Update your resume to include valuable skills for this industry.
6 Jun 2022

Who gets paid more finance or accounting? ›

Based on NACE data, those who had a bachelor's degree in finance tend to have slightly higher starting median incomes than those with accounting degrees.

What is harder accounting or finance? ›

Generally speaking, people consider accounting majors to be more difficult to study and pass than finance majors. And there are a few different reasons for this. The content of accounting majors is, on average, much more technical than for finance majors, and this can make it more difficult.

Is finance or accounting better? ›

Finance professionals deal with aspects such as return on investment (ROI) and risk management, and accountants focus on items such as balance sheets and income statements. The field of finance offers more career choices but also less predictability. In some cases, careers in finance might offer higher pay.

What is a high salary in 2022? ›

$150,000 is the 75th percentile. Salaries above this are outliers.

Which degree is best for future? ›

Here are some fields that are expected to have growth potential and continue to develop.
  • Engineering. Engineering is a large scientific branch focused on the practical design and building of structures or machines. ...
  • Healthcare. ...
  • Psychology. ...
  • Computer Science. ...
  • Business. ...
  • Information Technology. ...
  • Accounting. ...
  • Economics & Finance.

How can I get a 6 figure job from college? ›

Many jobs that make 6 figures right out of college require you to have an in-depth education: but it's worth it for the high pay.
...
These are the highest paying jobs out of college, and why they're such awesome jobs to get your hands on!
  1. Anesthesiologist.
  2. Osteopathic Physician. ...
  3. Psychiatrist. ...
  4. Surgeon. ...
  5. Orthodontist. ...
  6. Pediatrician. ...
22 Sept 2022

How do I become a financial analyst with no experience? ›

Here's how to become a financial analyst with no experience:
  1. Earn a bachelor's degree. ...
  2. Earn a financial analyst certification. ...
  3. Attend networking events. ...
  4. Study industry trends. ...
  5. Obtain an internship. ...
  6. Develop your skills independently. ...
  7. Prepare your resume.

Is MBA in finance difficult? ›

A: MBA in Finance is as rigorous as any other MBA programme. However, since there is extra use of Maths and Statistics, some students may find it tougher than other specialisations.

What is the difference between MBA and MBA in finance? ›

An MBA focuses on business while MF programs concentrate on finance-related courses. Schools offer full- and part-time MBA programs while MF programs are almost exclusively full-time. MBA programs are becoming more crowded, while business schools are becoming more competitive.

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