Are you someone who loves to work with numbers, is good at mathematics, or gets intrigued by stocks, bonds, financial markets, or investment tools? If yes, then a degree in finance will be a perfect option for you.
The field of finance is vast. With a degree in finance, you can work in the public, private, or corporate sector. In the finance industry, there is a myriad of career options for you to explore, and you can opt for any of the several options, change your career’s directions, and try different things until you find your niche.
The finance industry is one of the highest-paying and rapidly growing industries today. Furthermore, the skills you develop by earning a finance degree are helpful in all lines of work apart from finance. Here are six careers that you can choose from by acquiring a degree in finance.
- Chartered Accountant
A degree in finance will enable you with strong accounting skills needed for the role of a chartered accountant. You can work as a chartered accountant for a private company, government body, or any multinational organization. Your tasks as a chartered accountant will range from undertaking financial audits to managing financial systems to giving financial advice. You will get to specialize in forensic accountancy, management consultancy, auditing, taxation, or corporate finance. The average salary in this field is $84,267.
However, along with your degree, you will need to pass the CPA exam for this role. To be eligible to sit in a uniform CPA exam, you must know that CPA requirements vary from state to state. You can learn about CPA requirements online through various trustworthy platforms and prepare by enrolling in an online course.
- Tax Associate
You will learn a lot about managing taxes as a part of a finance degree. This knowledge gives you a perfect opportunity to become a tax associate. Tax-related financial services are always in demand. Every company needs to comply with ever-changing IRS tax regulations and all other state and local laws.
As a tax associate, you will make and implement policies related to taxes in a company that complies with the law. Other duties will include calculating payments, reviewing the company’s financial system, conducting research, preparing tax-related documents, etc. This career can take you to corporate positions like budget director, accounting manager, chief financial officer, controller, etc.
- Financial Planner
With your deep knowledge of several investment vehicles, you can become a financial advisor. You will have to assist and advise clients to handle their finances. Finance experts can decipher the financial market’s trends; they use this skill in their planning sessions. A financial planner crunches numbers and applies the principles of accounting to craft the best plan for each investor.
To succeed in this career path, you will also need soft skills like good communication and persuasive abilities, along with interpretational skills. These skills will help people trust you with your services.
- Financial Manager
A financial manager is responsible for developing and maintaining a company’s financial goals. The tasks a financial manager performs can vary from company to company, depending on its size. Usually, in small-sized companies, financial managers have responsibilities like collecting and preparing accounts. In large-sized companies, they are responsible for strategic planning.
But overall, your duties as a financial manager will include analyzing market trends, analyzing investment returns, reviewing financial reports, managing budgets, developing financial contacts, managing finance department employees, etc. Besides a degree in finance, you need commercial, analytical, numerical, leadership, teamwork, problem-solving, and decision-making skills.
- Business Teacher
If you have a keen interest in the world of business, feel enthusiastic about business issues, and love communicating and teaching others, you need to consider this option. Among other qualities that finance majors have, presentation and communication skills are the ones that come in handy the most. And they are highly beneficial for the teaching profession.
A business teacher equips the students with a broad knowledge of business as they tap into the subjects of management, investment, fundamentals of accounting, and marketing. With a bachelor’s degree in finance, you can teach at the high school level, but with advanced degrees, you can also teach at the college level.
- Financial Analyst
As a financial analyst, you will get to work with consulting firms, investment companies, or any other corporate entity. The duties of a financial analyst involve income statement projections and analyzing and consolidating the entity’s budget. You will have to conduct research, prepare reports and make forecast models. As an analyst, you will analyze industry trends, economic situations, and company fundamentals.
Financial analysts also provide suggestions regarding investments so that the company can reduce its costs and boost its performance. You need to have strong computer-related or IT-related skills for the role of an analyst. By 2030, these jobs will grow at a 6% rate.
With a degree in finance, you can work in different capacities, from investment banking to financial planning. There are several career options and high chances of growth in this industry. Having so many options can be overwhelming, but you should focus on the one that aligns with your interests and skill set. Take a look at these six career options that will help you decide.