There is an opinion that to have great career prospects, you should get a job in finance. Profitable areas today, of course, are not limited only to the financial sector. You can engage in business, art, or any other sphere and get a decent income. However, professions related to the financial sector are among the most profitable today and tend to strengthen their positions in the labor market. This article will discuss how beginners can enter the financial sector and which job positions they should definitely consider.
Top-3 Beginner Friendly Jobs in the Financial Sector
Below, you can find a list of the most beginner-friendly professions in the financial sector. However, keep in mind that to land even an entry-level finance job in North American countries, a person usually needs to have at least a bachelor’s degree, preferably in one of the fields of exact sciences, or at least have some idea of working with numbers.
The employers greatly appreciate candidates with such certificates as CFA, CPA, CFP. Decent results on these exams distinguish the job applicant from others significantly. So, without further ado, let’s take a look at the best finance job positions for beginners.
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Financial Analyst
The job tasks include:
- Budget analysis
- Forecasting of income and expenses
- Operating with mathematical and statistical data to solve financial management issues and minimize risks
To become a good specialist in this field, you will need knowledge in such areas as mathematics, economics, accounting, and IT. This profession is a promising one: the number of people interested in this field is constantly growing, and the average salary of financial analysts belongs to the high category (it amounts to more than $80,000 per year).
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Investment Analyst
This profession includes performing a whole range of financial tasks. In general, the tasks of this position are related to the study of markets, data analysis, and subsequent transfer of data to investors for making decisions on investing money in projects. For successful work, the candidate needs knowledge in mathematics, economics, financial modeling and planning. The average starting salary of specialists in investment analysis is about $60,000-$65,000 per year.
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Tax Accountant
The tasks of tax accountants are different from the ones of analysts. This job enables more interactions with taxes and deductions. It is a rather stable career path since professions related to taxation will remain in demand for a long time.
Such specialists typically develop a tax policy, ensure document flow, prepare and send reports to regulatory authorities. For a tax accountant job, you will require good knowledge of mathematics and economics and a bachelor’s degree in accounting. The starting salary is approximately $55,000.
Ready to Kick-Start Your Career in Finance?
We have analyzed the easiest professions for beginners to enter the financial sector. People who want to take this step need to focus on their own goals and desires. It is highly recommended to start with getting a college degree or go through qualification courses.
Luckily, if you lack a certain sum to cover your studies, you can loan the necessary amount on the best terms at Payday Depot. This way, eventually, you will be able to find a new job with a high probability and make your dream come true.
