CAREERS WITH A BACHELOR'S IN FINANCE
Students wondering what can you do with a bachelor's in finance? Should know that there are a variety of jobs available in different areas of finance for graduates with their bachelor's degree. While associate's level degrees, such as associate's degrees in banking and finance, lead to entry-level positions, like a bank teller or insurance agent, those with a bachelor's degree, such as a Bachelor of Business Administration (BBA) in Finance, can typically work more advanced careers. Those with a BBA in Finance or another finance degree, like a Bachelor of Science (BS) or Bachelor of Arts (BA), may work careers including:
The minimum educational requirement for a financial analyst is a bachelor's degree in finance, business, or a related field. It is not uncommon for financial analysts to hold a master's degree, in addition to certifications and/or a specific licensure. Financial analysts gather and evaluate industry and economic fiscal data to predict investment performance. Their findings are used by businesses and individuals to make decisions about stocks, bonds and other financial stakes. They might work for financial institutions, corporations, insurance groups and securities companies. A bachelor's degree in finance or another relevant field is the minimum qualification, but many financial analysts improve their employment prospects by earning master's degrees. Professional certification, which calls for a degree and passage of examinations, is another way to advance a career. Some positions, such as those that involve the sale of stocks and bonds, require licensing, which is acquired after employment. The average Financial Analyst salary in the United States is $59,000 as of June 28, 2020, but the salary range typically falls between $54,000 and $65,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Financial advisor requirements generally consist of a college education, training, and professional licensure or certification. Although there is not a specific financial advisor degree, most financial advisors need at least a bachelor's degree. Aspiring financial advisors may pursue degrees in areas like finance, business, accounting, mathematics, economics, or even law. Some helpful college courses for financial advisor training may include topics in estate planning, taxes, investments, and risk management. Financial advisors, or personal financial advisors, inform and offer suggestions to their clients about a wide range of financial options and issues. Financial advisors help their clients plan for specific financial events in their lives and discuss different ways to help their clients reach their financial goals. This may involve researching and discussing various investment opportunities, savings accounts for things like college or retirement, mortgage options, or different insurance policies with their clients. The average Personal Financial Advisor salary in the United States is $64,000 as of June 28, 2020, but the salary range typically falls between $58,250 and $80,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
LIFE INSURANCE UNDERWRITER
Life insurance underwriters assess the potential risks of providing insurance coverage to policyholders using a specific set of criteria. Computer programs help underwriters make calculations to determine risk. Life insurance underwriters then use the provided data to decide on the appropriate coverage and insurance premium. Many work hours may be spent seated at a desk and looking at a computer screen. A bachelor's degree is preferred by many employers, though related experience can sometimes be used in place of a degree. While there is not one specific major required, having completed coursework in mathematics, finance, business and economics can be beneficial. Several industry certification options are available and preferred or required by employers. Life insurance underwriters typically have the ability to work well with others, have attention to detail, strong evaluation and analytical skills. They use computer software related to the insurance industry and make mathematical calculations. The average Life Insurance Underwriter salary in the United States is $85,500 as of June 28, 2020, but the range typically falls between $79,000 and $96,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Many financial sale agents are referred to as investment bankers. This position involves connecting businesses with investors. Investment bankers advise companies on which stocks or bonds to pursue, and they sell securities to investors to try and ensure that investors are protected. Most employers require applicants to hold the minimum of bachelor's degrees. Investment bankers usually must be licensed or registered through the Financial Industry Regulatory Authority (FINRA). In order to do so, a worker must be employed for a minimum of four months before passing the General Securities Registered Representative Exam. Many states also require the completion of a second examination, which is the Uniform Securities Agent State Law Examination. Although bachelor's degrees are suitable for many positions, higher level positions in this field may require job applicants to hold master's degrees in business administration or finance. The average Investment Banker salary in the United States is $96,000 as of June 28, 2020, but the range typically falls between $88,000 and $114,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
FINANCIAL CAREER WITH A MASTER OF BUSINESS ADMINISTRATION DEGREE
Master of Business Administration (MBA) with finance concentration jobs are typically in the field of finance, but often differ in their specific job duties. Finance degree programs at the graduate level are plentiful. Many states, such as Texas, offer several different finance schools that may also include MBA in Finance degree programs.
INVESTMENT PORTFOLIO MANAGER
Portfolio managers advise businesses and executives on a variety of financial decisions, such as what investments to make. They need a master's degree in a finance-related field and may need licensure depending on what their work involves. A portfolio manager is a high-level financial analyst who makes executive decisions for a company or client. These managers typically work for portfolio management firms or investment banks; however, they can find employment at a variety of firms. A master's degree and several years' experience as a financial analyst are common prerequisites to becoming a portfolio manager. Some jobs dealing with the transfer of securities require federal licensing, and many portfolio managers seek optional professional certification as well. The average Investment Portfolio Manager salary in the United States is $127,500 as of June 28, 2020, but the range typically falls between $108,000 and $148,900. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
If you’re intrigued by the financial markets, stocks, bonds, and other investment vehicles, and you also like to think about numbers, then a finance major is worth considering Saumya.
Hope this was Helpful Saumya