I was only a sophomore in college, what did he expect? He was an officer with the DEA (Drug Enforcement Administration), and this was the interview I hoped would launch my career. I sensed I was beginning to let him down. “Do you have a pilot’s license?” He quickly followed up. “Can you speak another language?” The hiring manager read the puzzled look on my face. Pursuing a career as a financial advisor or another form of financial sales can go well beyond this number, whereas a career in corporate America or the government typically stays close to it. The average salary for a finance major is $101,038.People in institutional finance may have to obtain a master’s to move up the ladder. People in retail finance are more likely to obtain a bachelor’s and then pursue necessary insurance and investment licenses or designations specific to their career and clientele.Institutional finance usually means working on a team within a department that’s part of a larger department, meaning there is more of a hierarchy. Retail finance, such as being an independent financial advisor, can mean working with new customers every day, but often doing so alone.Institutional finance often implies that you’re an employee of a large institution, and you likely will have less opportunities to work remotely. Retail finance offers the flexibility of working in almost any locale.The premier designation in this space is the CFA, chartered financial analyst. Institutional finance generally refers to working with large institutions such as banks, hedge funds, and other business entities.The most notable designation for finance professionals working in this space is the CFP, certified financial planner. These professionals service customers that include individual investors and small businesses. Retail finance typically involves dealing with the general public.How do you know which path is right for you? Consider the following: Business, research and administrative professionals, sales, marketing and related associate professionals, business associate professionals and IT professionals were also among the top 10 most common occupations reported.If you’re considering a career in finance, a good way to get your foot in the door and build a strong foundation for your growth typically involves pursuing one of two paths: retail finance or institutional finance. More than half (58%) work as finance professionals (38%), administrative occupations in finance (18%) and finance associate professionals (2%). What do accounting and finance graduates do? It's also possible to study for a PhD in specific areas of finance, such as banking or trade statistics.įor more information on further study and to find a course that interests you, see Masters degrees and search for postgraduate courses in accountancy and finance. Some postgraduate courses train you to work in a more specialised area of the financial industry, such as an MSc in actuarial science. Chartered Institute of Management Accountants (CIMA) professional qualificationĪs an accountancy graduate, you may have an exemption from some of these examinations, depending on the modules and credits you've achieved in your degree.Association of Chartered Certified Accountants (ACCA) qualification.Association of Accounting Technicians (AAT) qualification.Employers hiring accountancy graduates nowĮxplore how different financial markets operateĪcquire professional digital skills with our MSc Finance Visit Further studyĪccounting and finance graduates often go into posts that require further finance qualifications for progression. Many businesses have finance departments, and you can find opportunities to use your finance and accounting skills within those across most sectors.įind information on employers in accountancy, banking and finance, business, consulting and management, and other job sectors. In the UK, a cluster of public sector jobs are available in central London with others available nationwide. There are also opportunities in small to medium-sized enterprises (SMEs) that specialise in a particular type of work or local area. They use large-scale recruitment campaigns to attract the most promising graduates and have high minimum requirements. The main graduate recruiters are the very large multinational accountancy firms. There are plentiful job opportunities across the finance sector, some of the major employers are:
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