Finance Careers

The world of finance is broad and offers a dynamic & rewarding career path by providing you with a wide range of opportunities if you are interested in money management, investment, and financial planning.  

 Whether it's analyzing market trends, managing portfolios, or providing financial advice, finance professionals play an important role in shaping the financial landscape and helping individuals and organizations achieve their financial goals.

Finance professionals work in a wide range of environments, including banking, investment management, corporate finance, financial planning, and insurance.

Educational Requirements

Educational requirements for careers in finance vary, but with the right practical experience, and a passion for financial management, you can embark on a successful journey in this field. Networking, building industry connections, and gaining practical experience are crucial steps towards your career advancement.

Most entry-level positions require at least a Bachelor's Degree in finance, accounting, economics, or a related field. However, advanced degrees such as a Master's in Business Administration (MBA) or a Chartered Financial Analyst (CFA) can provide you with a competitive edge.

There are different paths you can take to get started in your new career, including:

  • Highschool Diploma Or Equivalent 
  • Internships
  • Bachelors Degree
  • Graduate Programs
  • Masters In Business Administration (MBA)
  • Chartered Financial Analyst (CFA)

How Much Can You Make? 

The salary potential in finance varies depending on job role, experience, location, and industry. Entry-level positions, such as financial analysts, typically offer competitive starting salaries averaging $96,920.

As you gain experience and expertise, you can progress to higher-paying roles such as Financial Manager with an average salary of $166,050.

Additionally, bonuses and performance-based incentives are common in the finance industry, providing you with opportunities for increased earnings.

Best Fitting Personalities

Although finance encompasses a variety of roles and industries, according to CareerFitter, individual commonalities between successful finance professionals are strong attention to detail, analytical thinking, strategic decision-making, and the ability to articulate complex financial information.

This field requires adhering to strict legal and ethical standards, so a strong moral compass, integrity, and a commitment to maintaining confidentiality are highly valued. 

Do you have the right personality strengths for a career in Finance?

When considering what career to pursue, it is important to consider how your work personality aligns with the job's required characteristics. By choosing a career that aligns with your work personality, you will feel energized and motivated. Consider taking a work personality assessment to discover your best-fitting career. 

Careers In Finance

Financial Clerk
High School Diploma Or Equivalent
$45,570-$51,801

Financial clerks are responsible for performing administrative tasks related to transactions and record-keeping. They keep financial records, calculate bills and charges, assist customers with their financial inquiries, and carry out various financial transactions. Their duties may vary depending on their specialization, such as billing and posting clerks, brokerage clerks, insurance claims and policy processing clerks, and payroll and timekeeping clerks.

 

Financial Manager 
Bachelor's Degree
$166,050 - $203,720

Financial managers are responsible for the financial health of an organization. They create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization. They also analyze market trends to maximize profits and find expansion opportunities, and help management make financial decisions.

 

Financial Examiner 
Bachelor's Degree
$95,610 - $162,720

Financial examiners are responsible for ensuring compliance with laws and regulations governing financial institutions and transactions. They review financial records, balance sheets, and loan documentation to assess the financial health and risk level of institutions. They also prepare reports on an institution's safety and soundness and may recommend actions to protect its solvency.

 

Financial Quantitative Analyst 
Bachelor's Degree
$83,530 - $133,080

Financial quantitative analysts, also known as quants, are professionals who use mathematical and statistical models to analyze financial data and make informed investment decisions. They develop and implement complex algorithms to identify patterns, trends, and potential risks in the market. By utilizing their expertise in quantitative methods, these analysts provide valuable insights to financial institutions and investors, helping them optimize their portfolios and maximize returns.

 

Financial Risk Specialists 
Bachelor's Degree
$116,140 - $175,720

Financial risk specialists analyze and measure the potential risks that could threaten the assets, earning capacity, or economic state of an organization. They use statistical analysis software and econometric models to quantify risk and make recommendations to limit it. Their role is crucial in helping organizations make informed decisions to mitigate potential losses and protect their financial stability.

 

Financial Analyst
Bachelor's Degree
$96,920 - $107,230

Financial analysts are professionals who guide businesses and individuals in making financial decisions to generate profit. They evaluate the performance of stocks, bonds, and other investments, analyze economic and business trends, and examine a company's financial statements to determine its value. Financial analysts also meet with company officials, prepare written reports, and recommend individual investments or portfolios.

 

Personal Financial Advisor 
Bachelor's Degree
$137,740 - $165,590

Personal financial advisors meet with clients to discuss their financial goals and provide advice on investments, insurance, mortgages, estate planning, taxes, and retirement. They assess the financial needs of individuals, help them make decisions on investments, and monitor their accounts to ensure financial performance. Personal financial advisors also educate clients on financial planning topics and recommend investments based on their clients' goals and risk tolerance.

 

Financial and Investment Analyst 
Bachelors Degree
$108,790 - $169,940

Financial and investment analysts are responsible for conducting quantitative analyses of investment programs and financial data for public or private institutions. They evaluate the performance of companies, assess risks, and provide recommendations on capitalization and investment strategies. These professionals use their analytical skills, financial expertise, and knowledge of market trends to help clients make informed decisions and maximize their financial returns.

Explore the career research on over 1000 modern careers at CareerFitter and begin your journey to learn which careers are best for you.