Finance majors are both known for the internships and jobs they can get, as well as their dreaded math classes. Are you curious about what type of finance major jobs you can pursue after you graduate? Not sure what to do with that finance degree? Then this blog post is for you!
As a finance major, you’ll be prepared for careers in the financial industry and in other industries as well.
In the financial sector, you could work as an accountant or auditor; an analyst or portfolio manager; a trader; a financial advisor; or an actuary. You could also find positions in areas such as investment banking, commercial real estate development, or corporate finance.
If you want to work outside of the financial sector, there are plenty of options as well. For example, you might find jobs in insurance and risk management; information technology; human resources management; consulting services; or marketing and sales positions with companies that sell products or services to other businesses.
These are just some examples of jobs that are typically open to students who have studied finance. There are many more possibilities available depending on what area(s) interest you most!
What jobs can you get as a finance major
Introduction
If you’re an undergrad or grad student thinking about specializing in finance, there are numerous job opportunities waiting for you after graduation. As someone who studied finance, I’d like to take a moment to describe some of the more popular jobs in this field.
Investment banking
Investment banking is a field that deals with raising capital for companies. Investment bankers help companies with mergers and acquisitions, initial public offerings (IPOs), and other financial transactions.
Investment bankers also advise on how to raise money through stock market listings or bond issues. They can also provide advice on how to use the funds that have been raised in order to improve the company’s operations and improve its financial position so that it can attract more investors in future financing rounds.
Portfolio management
Portfolio management is the process of managing a portfolio of investments. It includes the creation of investment strategies and investment decisions, as well as overseeing the implementation and monitoring of these strategies.
A portfolio manager’s responsibilities may include determining which investments to buy or sell, when to buy or sell them, how much risk to take on at what time, whether an investment will be short-term or long-term (or both), and so forth. A portfolio manager will also look at macroeconomic data such as unemployment rates in order to determine if there are any trends in the economy that might affect his/her decision making process when it comes time for trading securities back and forth with other firms in order to maximize profits without losing money on any given deal made between parties involved (this is called hedging).
Consulting
Consulting
Consultants help companies to improve their performance. They are often hired for specific projects, which may last anywhere from a few weeks to several months. Consultants can be hired on a contract basis or as full-time employees of a consulting firm, and they usually work with clients in either the public or private sectors.
Venture capital and private equity
Venture capital and private equity are essentially the same thing. Venture capital is a subset of private equity, which itself is a type of equity investment.
In simplest terms, venture capital is financing that allows startups to get their ideas off the ground. The money comes from investors or lenders who give companies money in exchange for shares of stock or part ownership in the business—and if those companies succeed, those investors make money when they sell those shares later on. Though it’s not for everyone (the hours can be long), many finance majors find this path rewarding because it gives them an opportunity to get involved with cutting-edge technology and innovative ideas at an early stage in their life.
Corporate finance
As a finance major, you can pursue roles in corporate finance. You may work in the treasury department, managing money and assets. Or you might work in accounts payable or accounts receivable departments, making sure that bills are paid on time. Corporate finance jobs also include budgeting, which involves managing how money is allocated within a business or organization.
There are numerous job opportunities available after graduating with a major in finance.
There are numerous job opportunities available after graduating with a major in finance. You need to be prepared to work hard and be ready to relocate if necessary. You will need to be able to work in a team, communicate your ideas effectively and manage your time well.
Conclusion
As we’ve seen, finance is one of the most popular majors and careers today. Many people who study finance go on to work as investment bankers or in portfolio management. But there are also opportunities in consulting, venture capital, and private equity. You could even choose to switch tracks and go into another field entirely, like accounting or business management. The possibilities are endless!
