Entry level finance jobs allow candidates the chance to break into the exciting world of finance. Financial analysts tend to work in big cities such as New York City, and they may work for commodity brokerages, insurance carriers, banks, security brokerages, and credit companies. Candidates for entry level finance jobs will need to be willing to work hard to get their foot in the door with prestigious financial firms. They will need to have flexibility as the new worker on the block, yet they also need to be professional at all times when at work.
The most common job duties of an entry-level financial analyst might include:
Analyzing financial data
Recommending specific investments
Evaluating and assessing both current data and historical information
Studying financial trends on a consistent basis
Conducting regular evaluations of financial statements
Prepare complex financial reports
Meeting privately with investors
Explaining recommendations in details to companies and individuals
Candidates who excel at working with numbers may really enjoy entry level finance jobs. Workers who are pursuing this line of work need to have very strong decision-making skills and equally good analytical skills.
Entry Level Finance Job Education Requirements
Most entry level finance job positions require that candidates have at least a bachelor's degree in a field such as finance, business administration, economics, or accounting. Having on-the-job experience and a proven success record will help expand to more prestigious jobs later on, but acquiring entry level finance jobs depends a lot on one's education. Also, it's a good idea to acquire at least one year-long internship at a reputable finance company while in college. Other prime positions within the world of finance include asset manager jobs and portfolio manager jobs.
Entry Level Finance Job Market
There are currently more than 253,000 Americans working as financial analysts. The Bureau of Labor Statistics estimates that this number of financial analysts will grow to a total of 292,400 workers by 2022. That will be an overall 16 percent increase in financial analyst jobs within 10 years, and that means that there will also be a growing number of entry-level finance jobs available.
Entry Level Finance Job Salary Information
Entry level financial jobs may pay around the lower-end of the scale at around $47,130 per year. However, the median annual salary for financial analysts is $76,950, with the top ten percent of earners in the field earning over $148,430 each year, which shows how a career in finance can be a very lucrative choice.