What’s the Average Salary After a Finance Degree Major, A finance degree will expose you to a wide range of profitable jobs with higher average salaries compared to other sectors. Nonetheless, unlike other fields in finance, not all positions within finance are equal.
High-Paying Finance Careers
- Investment Banker: Those who enjoy working in fast-paced environments may prefer investment banking because it is one of the best ways to become rich. Entry-level salaries for analysts can be as high as $100-120k, and increase with experience.
- Financial Analyst: Financial analysts earn a median salary of $96,220 and are responsible for helping companies make informed investment decisions by studying financial statements and economic trends.
- Wealth Manager : High net worth individuals are attended to by wealth managers who have an average base pay of $91,091, finding ways through which they can minimize risks while maximizing returns.
- Management Consultant: Management consultants relying on their numerical analysis skills and commercial expertise help organizations increase their operational efficiencies resulting into revenues at around $95,920 per year.
- Certified Public Accountant (CPA): Although not exactly a finance degree program, taking supplementary courses allows graduates of the same to take up Certified Public Accountant licenses that yield total earnings averaging approximately $96k annually.
Diverse Career Paths
There are many career alternatives in finance besides those mentioned above that pay very well. These may include roles such as corporate finance professionals, treasury analysts, financial planners, lending officers, insureds or realtors among others; each path comes with its unique pros and cons depending on what one has passion for or what one is capable of doing best.
Is Finance the Right Major for You?
Getting a degree in finance might seem like opening up doors to endless financial opportunities but there’s more than meets the eye when it comes to this field. For example certain functions like investment banking demand much from those who want work long hours under intense pressure. An alternative is to look at other finance jobs that allow a balance between home and job life.
Finance as an academic discipline can also be hard due to its complex terms, concepts and the focus on numbers. However, determined individuals who have developed strong interest in this area will find that studying finance offers a chance to enjoy an enriching life by career growth and better financial standing.
FAQs
For those who have just entered the field of finance, investment banking analyst posts, quantitative analyst posts as well as financial analyst positions often offer very high starting remunerations compared to others.
Despite the fact that there are certain jobs where having an MBA helps open the door or earn more money, it is not always necessary for someone interested in making it through finance. There are many financiers with such degrees who acquired their experience via paid internships, temporary placements and even voluntary assistantship work.
In the world of professionals in finance, one cannot achieve any success without being analytically oriented, excellent at calculations and figures; moreover; effective communication skills must be possessed. In addition, employers want candidates with knowledge in accounting techniques, investment patterns and financial modeling.
The amount of free time one has depends largely on what he/she does within his/her working hours. For example people working as investment bankers have long working days while other fields such as consultancy offer flexible schedules.
Networking, internships and relevant experiences detailed out clearly on your curriculum vitae could increase your probability of securing a topmost position in finances.