Finance industry is exploding in the US with 2020 declared to be an eventful year, especially for the private equity, in the wake of it being stacked with dry powder. The exponential growth rate of the financial markets in the US provides hope for numerous job opportunities in the domain.
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Finance and accounting salary ranges in U.S. by Role (2019)
For young finance graduates and those in the last few semesters of their degree course, have got a great shot this year at breaking into the financial markets as a professional. The number of private equity jobs have surged drastically in 2020 opening up a plethora of opportunities for college graduates.
It’s a fact that finance jobs are heavily rewarding in terms of earning quick money, and that is what has been depicted by statistics time and again.
As per Statista, the salary range for chief financial officers in the US in 2019 spanned somewhere in between $172,250 and $510,000.
Let’s find out insights on how to enter the business world of finance being a fresher graduate:
Starting a Career in Finance (How to Go About It)
Before moving ahead, and giving you the valuable tips on how to get your foot in the door in relation to entering finance vertical as a college graduate, let’s make it clear that it will not be a cakewalk as this field is highly competitive.
Now, let’s start exploring the way out to becoming a finance professional.
Get Yourself Enrolled in a Financial Degree Course: This will help you in more than one way. It will allow you to gain insights into the financial world and the related ecosystem in general. You will be enlightened on the basic concepts applied in the financial markets. Pursuing a diploma or post-graduate like MA or an MBA will provide you with an edge over the others.
Seek for an Internship in the Financial Domain: Getting to work as an intern could be the best thing to happen to you as an aspiring finance professional. It provides you with a hands-on learning opportunity, alongside a golden chance to make industry connections. I would say, it’s your best shot to building a successful career in private equity while starting out as a fresh graduate.
Get Familiar to the Financial Jargons and Commonly Used Financial Terms: Speaking the language is paramount to succeeding while building a career in finance. Getting used to the technical jargons used in the conversations about the markets eventually help you carve out excellent reports. Further, it upgrades your business communication ethics and skillset.
Acquire as Many Professional Certifications as You Can: Professional certifications are a great way to enhance your industry skills and knowledge. They provide you with an unparalleled edge in terms of securing a job as a college degree holder in finance.
Various reputed institutions globally, issue online certifications to those who clear the online exam meant to check the knowledge in the relevant subject. You earn these certifications online and get them issued to you in the form of digital badges that you can showcase online on professional networking sites, such as LinkedIn.
Young graduates dreaming right now to enter the coveted private equity industry may have an outside chance to break into it possessing a highly-impactful PE certification.
However, it’s considered almost impossible to enter into the financial industry without a financial degree, a relevant diploma, or a post-graduate course in finance, but it’s not completely true. It’s a fact that finance people will be given preference, but there exist ways to still make a career in finance without an educational background in the same.
These non-finance degrees are high on demand on Wall Street at the moment:
- Physics and Mathematics for quantitative trading, structured products, and derivatives.
- Mining, Engineering, and Sciences for investment banking & research analysis.
- Information Technology for platform development and algorithmic trading.
So, don’t lose heart even if you don’t have a finance background, you can still make it happen for you!
Best of luck in your career endeavours!