If you have a talent in mathematics, you may want to consider a career in the financial industry. Smart and educated people are in high demand and even entry level jobs in this industry are extremely lucrative. For this reason, careers in finance are among the most stable in today’s economy.
If you can obtain a bachelor’s degree in finance, it will open up a lot of options. However, not all entry level jobs require an undergraduate degree, but the degree will give you a huge advantage. Keep reading to see whether or not a career in the finance industry would be a good fit for you.
Financial Examiner – $81,430
The main responsibility of a financial examiner is to ensure banks are complying with the laws and regulations set by the government. Many institutional banks, like the one here, may require a whole team of financial examiners due to the complexity of their dealings.
As a financial examiner, you will work under either risk management or consumer compliance. Under risk management, financial examiners focus on the stability of the bank’s financial system, as well as manage loans and oversee the cash on hand. Consumer compliance covers things like ensuring loans are fair and that the bank is not discriminating against any customers.
Bank Teller – $62,047
A bank teller is responsible for dealing directly with the clients of that bank, and typically have the fewest amount of requirements. With that said, a high school diploma is required at least, as well as experience handling cash. Most banks will provide training in addition to these requirements.
Bank tellers are considered to be the front line of banks, as they can catch many fraudulent transactions that occur in banks. Bank tellers also need to be well versed in customer service skills as they spend a large portion of their job with clients of the bank.
Accountant – $73,560
Accountants are responsible for recording all the financial transactions that an economic entity may undergo. An undergraduate degree in financial accounting is a minimum requirement for most accounting jobs, as you are expected to be well versed in GAAP (Generally Accepted Accounting Principles) and other accounting rules.
Entry level accounting will probably be grueling work like punching numbers into spreadsheets, and many accountants have to undergo long overtime hours during tax season. With that said, experienced and entry level accountants enjoy nice pay and job stability.
Personal Finance Advisor – $89,330
Personal finance advisors typically work in a variety of different specialties. These include investments, life insurance, college savings, retirement savings, mortgages, taxes, and more. Most personal finance advisors have a bachelor’s degree in financial accounting or economics.
So many banks and large financial insitutitions are in need of talented and educated people to help them with their financial needs. The demand for people to fill these jobs is only growing, and so will the lucrative salaries associated with them. A bachelor’s degree is not required, but highly recommended to pursue a career in this industry.