These days, more than half of college graduates end up unemployed when they get out of school. And in the world of finance, you won’t find much difference. On the bright side, finance majors have a lot of career options after school. You may not realize how many options you have with your degree. The requirements of getting through classes like investment management, financial derivatives, and capital markets give you skills that can be applied to just about nay business.
But, nonetheless, it’s still tough out there. So, if you’re looking for some legitimate jobs to get right out of college, or if you have a bachelor’s in finance and have no idea where to get a job, take a look at the options listed below.
Private-equity professionals spend their time helping businesses find assets that are already produced durable goods, or anything used in the production of goods for current operations and expansions. They do this while also financing major corporate business transactions like buyouts and restructurings. Many times, this job plays out at a position as an interim executive at a struggling company where it’s pretty much up to you to keep the company afloat. It’s high risk, but high reward. You’d do best at this job if you really trust your abilities to handle finances.
These professionals spend most of their time on start-ups or smaller businesses; usually ones with a fast growth rate. A venture-capital firm evaluates pitches from the small company’s founders and leaders to decide whether they’re worth investing in. Venture capital professionals have a reputation for structuring deals that have a higher chance of favoring the investor and not the company they’ve invested in. The venture capitalist’s (as they’re sometimes called) goal is usually to bring the small business to a place where it can go public and offer stock options.
Just like private equity, venture capitalists have a high risk, high reward job. Although, when the rewards become realized for venture capitalists, they can prove to be huge. Before you take a risk like this, it might do you well to intern or study under a successful business. You can check out Fisher Investments careers site to see what kind of openings and opportunities they have.
Financial Planners have the job of helping individuals develop plans to make sure they have financial stability right now and in the future. Usually, the financial planner reviews the client’s financial goals and comes up with a good plan for saving/investing that fits the needs of the client. Sounds simple and obvious, but the job can vary greatly from person to person. Sometimes the plan might focus on the preservation of wealth or growth on investments, and it could involve estate and tax planning.
As a financial planner, you can work in a large, nationwide group or a smaller group based locally. You also have the choice of charging a flat rate or a percentage of the assets which you manage. If you sell mutual funds, you can ask to receive a commission on that as payment. Financial planning offers the most diverse job reality. If you choose to go into financial planning, you’re most likely to get a good position if you get a Certified Financial Planner designation.
To get a CFP, you must get three years of financial planning experience, pass several exams including a two-day, complete a 10-hour case study, and continue to meet education requirements throughout your career.
A job as a financial expert in the insurance world usually involves helping businesses and people alike anticipate potential risks and help prevent losses. Generally, you’ll land this kind of job at a big insurance company. One way to start off your career in this sector is to work as a sales rep where you mainly sell insurance policies, a customer service rep helping out clients for a big company, or as an actuary where you compute risks and premiums based on probabilities of the data at hand.
Regardless of what job you go for, you’ll want to do some sort of preparation beforehand. Consult experts, find some training, and make sure you know what you’re getting into before you dive into it.
(Visited 529 time, 1 visit today)