2 answers
Preston
Student
1
Question
Asked
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Different degrees within finance, could you help break it down so I can decide what to focus on. ?
I am going into college focusing on an accounting and finance degree. There are so many sub categories of finance I’m wondering if there is a more basic breakdown of each category and average starting salaries and ease of getting a job immediately after school.
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2 answers
Doc Frick
Career Coach and Mentor
1872
Answers
California, CA
Updated
Doc’s Answer
Preston entering the finance industry and joining a reputable financial institution typically requires an undergraduate degree or bachelor’s degree at minimum. Some financial companies may claim to hire a wide variety of majors, but most entry-level positions only hire people with bachelor’s degrees in analytics, business, economics, finance, or math.
BENEFITS SPECIALIST • $68,500
A benefits specialist inspects an organization's compensation and benefits package to see how they can provide high-quality wages and benefits at a low cost. They compare salaries and benefits for people working in different industries to ensure they're competitive. They often work in human resources departments, so they may also be responsible for tasks like performance reviews, updating job descriptions and researching the job market.
ACCOUNTANT • $73,000
Whether someone has a degree in accounting or a degree in finance, being an accountant is always a good way to kickstart a career. Accountants are professionals who generate reports regarding income, expenses, losses, profits, and tax liabilities, and they maintain financial records. These professionals either work for private companies or for public accounting firms that are contracted by corporations for tax, auditing, and consulting work.
BUDGET ANALYST • $77,750
Budget analysts assemble a company's financial resources and produce a budget that aligns with its financial goals. They observe a company's spending to ensure it's within the budget and discover how it can use available funds to turn a profit. While many work in the public sector, budget analysts also commonly work for the government.
FINANCIAL ANALYST • $82,000
Financial analysis is a sought-after entry-level career for those entering finance. A financial analyst in entry-level finance jobs transforms raw data into actionable insights—often working extensively with spreadsheets, reports, and models to forecast company or industry performance. They also evaluate investments, assess risks, and optimize budgets to increase profits. A bachelor’s degree in finance, accounting, or economics is usually required.
DATA ANALYST • $85,500
Data analytics consists of gathering data, organizing, and interpreting it so they can draw a meaningful conclusion. Their duties vary depending on a specific project they’re working on and what kind of data they’re collecting.
Almost any company in a variety of industries could benefit from the work of a data analyst. The insights that these professionals provide can be valuable to anyone who wants to know the needs of their users or consumers.
INSURANCE UNDERWRITER • $90,000
Insurance underwriters are the liaison between the insurance company and the agent. They insert information into a computer program to receive recommendations on coverage and premiums. Underwriters decide if companies should accept applications based on the recommendations. They also reevaluate insurance applications if the program initially denies the customer coverage.
CONCLUSION
Each of these roles offers a glimpse into the high-octane world of finance, where big decisions, cutting-edge technologies, and global impact are part of the daily experience. They are perfect for young professionals looking to make their mark in an exciting, fast-paced, and glamorous finance career.
Hope this will be helpful Preston
BENEFITS SPECIALIST • $68,500
A benefits specialist inspects an organization's compensation and benefits package to see how they can provide high-quality wages and benefits at a low cost. They compare salaries and benefits for people working in different industries to ensure they're competitive. They often work in human resources departments, so they may also be responsible for tasks like performance reviews, updating job descriptions and researching the job market.
ACCOUNTANT • $73,000
Whether someone has a degree in accounting or a degree in finance, being an accountant is always a good way to kickstart a career. Accountants are professionals who generate reports regarding income, expenses, losses, profits, and tax liabilities, and they maintain financial records. These professionals either work for private companies or for public accounting firms that are contracted by corporations for tax, auditing, and consulting work.
BUDGET ANALYST • $77,750
Budget analysts assemble a company's financial resources and produce a budget that aligns with its financial goals. They observe a company's spending to ensure it's within the budget and discover how it can use available funds to turn a profit. While many work in the public sector, budget analysts also commonly work for the government.
FINANCIAL ANALYST • $82,000
Financial analysis is a sought-after entry-level career for those entering finance. A financial analyst in entry-level finance jobs transforms raw data into actionable insights—often working extensively with spreadsheets, reports, and models to forecast company or industry performance. They also evaluate investments, assess risks, and optimize budgets to increase profits. A bachelor’s degree in finance, accounting, or economics is usually required.
DATA ANALYST • $85,500
Data analytics consists of gathering data, organizing, and interpreting it so they can draw a meaningful conclusion. Their duties vary depending on a specific project they’re working on and what kind of data they’re collecting.
Almost any company in a variety of industries could benefit from the work of a data analyst. The insights that these professionals provide can be valuable to anyone who wants to know the needs of their users or consumers.
INSURANCE UNDERWRITER • $90,000
Insurance underwriters are the liaison between the insurance company and the agent. They insert information into a computer program to receive recommendations on coverage and premiums. Underwriters decide if companies should accept applications based on the recommendations. They also reevaluate insurance applications if the program initially denies the customer coverage.
CONCLUSION
Each of these roles offers a glimpse into the high-octane world of finance, where big decisions, cutting-edge technologies, and global impact are part of the daily experience. They are perfect for young professionals looking to make their mark in an exciting, fast-paced, and glamorous finance career.
Hope this will be helpful Preston
Jake Schachter
Audit
12
Answers
Los Angeles, California
Updated
Jake’s Answer
I would suggest trying to work for an accounting firm in audit, tax, or consulting. Starting salary is $65,000-$75,000 depending on which office you end up choosing. Accounting firms are always looking for new associates, so I would suggest networking with them early on at career fairs!