In this article, you’ll learn about the best paying jobs in finance and if your personality fits the mold, what factors are involved, and if you might actually be suited for such a career. So what personality is most suited to working in finance? You might be thinking to yourself whether or not such a career path is for you and if so, why a high paying job in finance has suddenly become on the table for so many who seek entry level finance positions? Let’s break down the characteristics of an effective finance worker and determine if your personality could actually work in the world of finance.
A degree in business administration or economics can put you on par with many of the entry level jobs in the financial industry, but a finance major will have a slightly different profile. Most finance degrees require a minimum of a bachelor’s degree, but some require far more before finding a decent paying job, including at least a master’s degree and experience in business administration or economics. Finance jobs with higher salaries are often based on a combination of a bachelor’s degree and experience, although some jobs only need one degree. A degree in business administration is highly recommended for anyone seeking high-paying finance positions, as the salary is often quite competitive with other graduates, especially in the current economy.
If you’re looking for one of the best paying jobs in finance you should take into account the salary and benefits offered by your prospective employer. Often, large banks and accounting firms will offer perks for first year associates and full-time employees who apply to work at their company. Many financial analysts start out as entry level clerks and gradually work their way up through the ranks. If you have a strong educational background and an analytical mind, there’s no better position in the banking world than financial accounting positions. In fact, Certified Public Accountant (CPA) certification is required for most positions, making it one of the best paying jobs in finance.
For finance professionals who prefer to work locally, there are a number of local opportunities that can lead to long-term careers. Accountants are always needed in hospitals and clinics, as well as in individual households and businesses. While some careers require short-term summer assignments, others may require several years of local work experience. As long as you’re willing to learn about the local market and adapt to a new city, a CPA certificate can give you great job security in your desired area.
If you’re interested in becoming a physician or a nurse, there are a number of jobs available in this field. One option is to become an actuary, a professional who calculates risk-based premiums for employers. Actuaries must obtain a degree from a university that specializes in actuarial science, but can typically be hired on as an actuary with no other education beyond high school. Many actuarial jobs also require advanced degrees, so graduates of medical schools that specialize in this field should consider earning degrees in public health or psychology to get into the best medical or healthcare positions.
There are also a number of entry level finance jobs that don’t require a bachelor s degree in finance or any related field. Although this lower level of education often leads to entry-level employment, it doesn’t necessarily mean that these jobs pay less. Instead, it’s important that prospective employees have strong mathematical skills, as actuaries spend a great deal of time calculating risk-based premiums. Strong mathematical skills combined with a reliable, up-to-date financial history and current salary expectations are essential requirements for landing any of the entry level finance positions.
The final choice of finance job is a position that involves analyzing accounting information and communicating its implications to decision makers. People interested in these kinds of jobs can find work in banking, insurance, investment, management and consulting firms. Some of the higher paying jobs in finance can be found in government, law and think tanks. Typically, most positions in accounting will require a master’s degree, although some positions may only require a bachelor’s degree in business, finance or accounting.
Once you’ve taken the time to determine your finance career path, then you’re ready to begin looking into the best paying jobs in finance. The best thing you can do is to network with others who are already established in their desired fields of finance. Meet with them to discuss what your favorite finance job is and ask about networking opportunities. You can also research online for online classes and seminars that may lead to an actual position at an organization you like. Regardless of what your finance job leads to, it will be a rewarding career that will give you the opportunity to meet people and make new friends.