Since the economy has changed so much in the past few years, everyone is very concerned about finances. Now more than ever, a business will need to hire an individual with either a Bachelor’s or Master’s degree in business administration and finance who can help to keep the company prosperous in these troubled times. If you have such a degree, you will find many entry level jobs in finance where you can use your expertise to assist a business in growing and thriving despite the downturn in consumer spending.
The financial and accounting fields are a great area for recent college graduates, maybe even more so now that spending trends have changed. A knowledgeable individual is needed to manage the financial aspects of a company, whether it is a large corporation or a small local business. Retail stores need financial experts who can help them manage sales and productivity. Banks also rely on individuals with a financial mindset. In fact, every business, large or small, requires employees who can manage the financial side of the company.
Entry level jobs in finance can lead to a rewarding career in financial management. You may decide to branch out into real estate or work with your own client base in setting up and managing their financial portfolios. A stockbroker’s job may interest you if the daily challenges of rising and falling stocks are appealing. You may want to go into banking, starting out as a teller and eventually working your way up to manager. With the proper education and job experience, you can become the chief executive officer of a large corporation and be in charge of making decisions that will positively affect the financial growth of the company.
Entry level jobs are where it all begins in the working world. You may decide to stay with the company that offers you your first job in finance, advancing up the ladder to success as you continually improve your skills and show your employer how valuable you are to the company. Or you may want to gain some needed job experience and then move on to another type of financial position with another firm.
There are a number of entry level jobs in finance that might interest you, including data entry clerk, financial analyst, tax auditor, bank clerk, certified public accountant and financial planner. There are companies that may offer you an internship, which will enable you to pick up some very valuable skills and hands-on training. The company where you practice as an intern may even decide to keep you on as a permanent employee. This would be a great start to your career in the world of finance.
Entry level positions in the financial arena can offer you a good salary. Depending on the company and location where you may be working and the type of financial position you may have, some starting salaries are approximately $35,000 or higher. A personal financial advisor may start at $34,000, while a financial analyst could realistically start at $43,000. At the highest level, both of these positions can garner a salary in the six figure range. So even if your entry level job is not paying what you would like to receive, with promotions and advancements, you could be looking at a very nice salary in a number of years.
In corporate finance, if you have a Bachelor’s Degree, you could be making anywhere from $35,000 to $50,000 as a starting salary. If you have a Master’s in Business Administration, those numbers will be in the range of $50,000 to $80,000. As can be seen by these figures, the higher degrees will definitely garner the higher salaries, even for entry level positions.
In 2009, a chief executive officer for a large company could make as high as $390,000 a year. Working in a small firm, a CEO could earn as high as $125,000 a year. Entry level jobs in finance can lead to very lucrative careers. If you have the proper education and the drive and ambition to succeed, you can start out with an entry level position and, in a matter of years, find yourself earning big bucks in the position of your dreams.