Are you someone who finds joy in deciphering complex equations and has an insatiable curiosity for economic trends? Then finance might just be the right career path for you.
Finance isn't confined to pinstripe suits and Wall Street; it spans the vast spectrum from banks to private enterprises to public service. According to the latest data from the Bureau of Labor Statistics (BLS), the finance realm in the U.S. is teeming with over 8.9 million professionals as of 2022, and we're going to break down just how they got there.
With almost 9 million professionals in the finance industry, there's a plethora of careers to choose from. Here's a sneak peek at some of the positions to consider:
Now, let's talk about the academic side of things. Relevant majors for future finance aficionados include business and finance, accounting, and mathematics. But here's the plot twist: a bachelor's degree isn't your only option; you can choose from:
Choosing the right major is crucial, but remember to spice up your journey with extracurricular activities. Think tax returns, banking gigs, certification exams, internships, and diversity initiatives. Explore opportunities in your local community, research job titles and credentials, and don't shy away from asking about student loan repayment options.
Finding a Finance Internship
Internships aren't just resume fillers; they're the backstage passes to the finance world. Many finance students snag internships or externships during the summer or part-time during the school year. Big financial institutions often roll out the red carpet, and remote opportunities are rising, like the next big cryptocurrency! Check out sites like LinkedIn, Handshake, and Paragon One.
Key Recruiting Dates
Now, let's talk timelines. Finance applications typically fall due between mid-November and December. However, here's the catch: many banks operate on a first-come, first-served basis. To give yourself the best shot, apply as soon as positions open. In some cases, banks in the U.S. have been known to close intern applications as early as July!
Make Your Finance Resume Stand Out
The key to landing opportunities with these leading banks is all in how you present yourself, starting with your resume, so make sure to include the following:
If you ever hit writer's block, your college advisor or career services team is there to provide expert guidance, or check out our resume guide.
Get Involved: Finance Clubs
Getting involved in clubs can be incredibly beneficial for personal and professional growth. These groups provide opportunities to connect with like-minded individuals who share your interests and passions. They offer a platform to expand your network, learn from others, and gain valuable insights and skills. You may want to look into:
Boost Your Finance Street Cred with Certifications
Another showstopper to include on your resume is a certificate. Here are a few that'll make you stand out:
Is finance your calling?
It's an excellent choice if economics, numbers, and math make your heart race. High earning potential is another perk, but your personal preferences and skills matter, too!
Which companies are part of the finance industry?
Think financial service companies, banks, and finance roles in various organizations. While major players like Chase and Bank of America are in the game, finance jobs can be found in numerous industries.
Can I break into finance without experience?
No sweat! You can kickstart your finance journey by diving into education, taking intro courses, or scoring an externship.
Whether you're interested in traditional finance or the dynamic fusion of finance and technology, there's a path tailored just for you. Start your journey early, stay informed, and proactively pursue your finance career goals.