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The following is a guest post. Enjoy!
Even in an unstable jobs market, finance jobs remain an appealing option, with careers in the financial sector promising attractive starting salaries, quick promotion prospects and of course, big bonuses for the key players.
However, times are tough, and there are often hundreds of applicants per job, at entry level and above. If you want to start or progress your career in finance, you’ll need to do some serious research to beat the competition. To start you on your way, here are five top tips.
Starting Out In Finance
Tip 1: Do the right degree.
In times gone by, there were many routes into a career in finance. New starters came from a variety of academic backgrounds, with new starters with degrees in the arts and humanities common place. In the boom times, a degree wasn’t even always strictly necessary, and many a wily 18-year-old was able to talk their way into a trainee position. However, times have changed and nowadays, employers are looking for targeted degrees. While mathematical and engineering degrees are still attractive, finance, accounting, economics and business degrees are best.
Keep in mind that it is not even necessary to set foot on a university campus to earn the right Master’s degree. Most of these degrees are available through online institutions, so you can take your courses in your spare time without worrying about commuting or finding parking before class. A Masters in Business Intelligence, for example, is a degree program offered online that brings mathematical concepts and technology together, and is definitely needed in today’s business world. A Masters in Organization Development and Leadership is another excellent choice because it provides you with the skills necessary to take a leadership role in the business world. While searching for the right degree program, also don’t forget to explore what options you have available to you regarding financial aid.
Starting Out and Moving On
How about you all? Do you have or have you ever thought of embarking on a career in finance? If so, what do you think is the best way to get started?
Share your experiences by commenting below!
Jacob’s Thoughts – Listed below are my random thoughts as I was reading this article.
- One thing I have noticed throughout the years is that in the world of finance, the school from which you earn your undergraduate/graduate degree in finance really does matter more so than in other professional fields.
- Therefore, if you’re really interested in getting the best start in finance, you might want to try to your best to go to a top-tier MBA school.
***Photo courtesy of http://pixabay.com/p-111932/?no_redirect