Top Career Options For Financial Degree Graduates in 2019
A degree in the financial market is one of the most common college education we see in recent times. This is due to the fact that there is a significant rise in the workforce needing a solid background when it comes to finances.
If you are one of the recent college graduates or if you know someone in your circle of friends just got their degree in business and finances, they can pick up important notes that can help their career choices. Let’s dive deep into the best jobs new graduates can choose after achieving their financial degrees.
Finance students already spent all of their college days dissecting and analyzing all important details that they can get from their clients’ statements. Whether it would be a good asset or a fruitful liability, they can foresee the potential of each item they find in their reports. That means they can become a reliable financial planner.
They also have a knack in deciphering major trends and developments in the securities market and lay out a plan to make the most out of the situation. Financial planners also use the principles of accounting which is the main factor why they can predict the most probable outcome in every situation.
To become a successful financial planner, they must possess strong interpersonal skills. They should also project the image of a person with a strong sense of confidence and commitment. Last year, the Bureau of Labor and Statistics or BLS states that a personal financial advisor earns an average of $88,890 annually.
Financial analyst specializes in stocks, bonds, merger, and acquisitions. Their field of work also handles the majority of the company’s expansion and restructuring.
Their primary role is to create a financial model that conveys all of the critical quantitative data they could gather in a specific transaction. They can be seen working together with other members of the banking and financing group of a company.
If they are interested going in this route, they can earn an average of $85,660 annually. This industry also has a predicted growth rate of around 11 percent going through 2026.
Budget Analyst is response for evaluating the financial impact of continuing the investment of a company or analyzing all of the financial roads of a new business venture. It is one of the crucial positions in a company since his recommendation has one of the biggest impact for maintaining the future plans of the company.
The average annual income of a budget analyst according to BLS last year was around $76,220.
Financial majors spent most of their time interpreting financial statements and deriving a report that will showcase all the detailed information they uncovered. Complex financial data is their playground so they can carry out reports especially if they are working for a company that specializes in the financial sector.
If they are interested in this field, they need to have a strong sense of accuracy. Attention to detail is also a must-have to derive a report that showcases all the precise data needed to plan out the company’s next course of action financially.
Accountants received an average of $70,500 annually and the industry expects a 10 percent growth rate through 2026.
All businesses need to comply with the given set of rules stated by the law or the contract created by your partners and this is where lawyers need to be on their game. There are different types of lawyers who are working in different kinds of practices. Attorneys who are equipped with knowledge in financial statements and irregularities are always needed by big corporations, especially on a global scale.
Analytical skills are required to become a successful lawyer in the business field. They should also have a good sense of presenting data and facts to their clients since this move can affect the overall standing of the company in the financial scene.
The 2018 BLS data shows that lawyers earned an average annual income of $120,910. Experts also predicted that the industry will have a growth rate of around 8 percent through 2026.
All of these fields have few things in common and they are the needs for critical thinking, attention to details and a strong sense of interpersonal relationship. Financial degree holders can choose the career path they wanted to get into. Hopefully, this list was able to give some light on what path they wanted to choose once they wanted to enter their dream jobs.
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