The field of finance is not like other fields where someone can enter easily. This particular industry is extremely competitive and requires exceptional or superior qualifications.
Of course, finance can give extensive compensations. The salaries are usually six to seven figures, and the bonuses are always off the chart. Even those who are in entry-level positions have higher salaries than those who are in other fields. Hence, it is always worth pursuing finance-related careers.
There are many entry-level positions for finance jobs that are geared toward recent college graduates. If you are training to become someone who would be in the financial industry, the following entry-level positions can serve as your stepping stones.
As you might guess, a financial analyst in the financial industry analyzes the financial services industry (not to be confused with the government sector). The role of a financial analyst is to review the financial reports and trends produced by a particular firm and predict what direction that company will take in the future.
Financial analysts are one of the critical components in today’s modern-day financial world. The analysis of stocks, bonds, and other financial instruments, the technicalities of the stock market, stock exchange, stockholders, and other financial matters are the key role of a financial analyst.
Investment Banking Analyst
You’ve gotten through your undergraduate business degree program, and now you’re ready to get your foot in the door as a business analyst. There are a lot of different businesses that need business analysts, and one of the most lucrative is investment banking.
In this role, you’ll be working as part of a team to help track the market, look for opportunities to make the company money, and help to make sure the company runs smoothly. It’s a high-pressure and fast-paced role, but the pay is excellent, and the opportunities to advance are also plentiful.
Investment banking analysts are part of a team of professionals who are hired by banks and other financial services firms to help the firm’s clients take advantage of opportunities in the market. (These opportunities might be things like mergers and acquisitions, new stock listings, or other ways to increase business.) This is a very different job than a stockbroker.
A tax associate is an entry-level position in a tax firm used by many accountants, CPAs, audit firms, and other tax-related professionals. The job typically involves doing a lot of data entry, analyzing data, and performing calculations.
Tax associates are usually junior accountants who work on tax returns with other accountants. They get to work on smaller cases, but they have the opportunity to learn from more senior accountants, which will help them become more knowledgeable about what they will do when they grow older and more experienced.
Financial auditors are tasked with verifying that the financial statements of a company are accurate. They are often asked to verify all of the records of a business, from its financial transactions to its assets and capital. Financial auditors also aim to determine whether the financial statements are presented fairly and in accordance with the generally accepted accounting principles of the company’s industry.
A financial auditor can also carry out other related duties such as checking the company’s internal financial control processes. The auditor checks whether these controls are operating effectively. In addition, a financial auditor can also prepare and issue an independent report on the financial accounts. The auditor’s report states whether they have been prepared in accordance with accepted accounting principles.
Personal Financial Advisor
Personal financial advisors are professionals who help people make decisions about their money. While they can’t give you investment advice, they can set up a financial plan to help you reach your goals.
The title “personal financial advisor” is hard to pin down, but it generally refers to a professional who helps his or her clients manage their personal finances. That means these advisors help people make their money go further (for example, by budgeting, planning for retirement, developing a side business) and provide financial support (for example, helping clients file taxes, managing assets, researching investments).
The role of a personal financial advisor is to help clients reach their financial objectives and to be a trusted source of expertise and advice.