So, you graduated college! Well, IT is not the only popular job sphere right now! Finance majors are just as important in the 2020s as they ever have been! Take a look at the best jobs for finance majors below..
One of the most common positions for finance majors is a financial planner. In fact, financial planners learn most of what they use in the first year of college! Most financial planners provide general, safe investing and money managing advice. Usually, they work with the client personally, be it a businessman or an entrepreneur. A great personality and work ethic can go a long way as a financial planner, as much of the work comes from referrals.
Meanwhile, talking paychecks, financial planners get around $88,890 on average in 2018 with about 272,000 of jobs in the U.S. These numbers will grow a lot in the future, with about 15% for the salary and 7% for jobs in 2026.
Many with a finance major also start their careers as financial analysts. Financial planners might sound similar to analysts, but the latter usually work for companies, corporations, and around investment markets. Most of their work revolves around research and analysis, rather than giving advice directly to clients. That includes stocks, bonds, cryptocurrency. After searching on the topic, analysts create reports or forecasts to present in front of the finance office and bankers of the firm.
In the U.S., there are more than 300,000 jobs for financial analysts, and this position pays around $85,660 in salary. In under eight years, these numbers will grow by 6% and 11%.
On the other side of the financial spectrum is a credit analyst. Credits and scores are hard to understand by both adults and business owners sometimes, so credit analysts are working just to help with that issue. Financial majors learn to understand loans and businesses’ financial records long before they graduate. They know how to work with companies to explain and repay their loans in the long run. Aside from working with credit scores and loans, they also research the latest trends and ways to raise income. This job is entry-level as well, still earning great sums. Credit analysts earned around $71,270 in 2018, the number growing by around 2% by 2026. 71,270 of jobs will also grow by 8%.
What does your mind go to when thinking about statistics? Sports, probably. While there are a lot of positions and jobs for statisticians in sports, including football, baseball, and others, they also research and gather data for businesses and various services. Statisticians can learn a lot about sports games and help the coaches and players, but they make amazing progress in testing and preparing data for businesses. Financial major in this trope can work with other industries like healthcare, government, education, and so on. The average salary for statisticians is around $84,060 with 39,920 jobs in the country.
It’s finally time for the most popular and stereotypical position for a financial major – an accountant. Part of the financial majors’ business training involves financial analyzing and planning that’s used in the first two jobs we talked about. Yet, the biggest part revolves around accounting tasks. At the number of 1,259,930, the accountant is one of the most popular jobs in the U.S., and this number will grow even more! BLS states that it’ll be up to 10% more by 2026. Accountants usually occupy financial management jobs and work on researching and solving financial issues in companies. They can also be promoted to be controllers, accounting managers, and budget directors. Among other financial jobs, this one is less paid – $70,500.
Financial occupation grows in popularity year by year, and soon they will be just as popular as IT jobs. They are essential in every respectable company or corporation.