What jobs offer the best prospects for finance graduates in 2021
Have you just graduated or will you be graduating in the next year? Then you might be wondering what your next move is. Working in finance guarantees an interesting, exciting, and a possibly lucrative career path, but it can be hard to know which are the best roles to pursue.
The financial services industry has consistently low unemployment rates and progression typically occurs at a faster rate than in other industries. Furthermore, the number of roles available in these industries is expected to increase by 10% by 2026. This equates to almost a million new jobs in the coming years
What are employers looking for?
To be successful in finance, applicants need to have a mixture of soft and hard skills in specific areas. Knowledge of accounting and accounting principles is required as is an understanding of management. As mentioned, a degree is preferable but it’s equally important to commit to long-term personal development in the form of courses, additional training, and further qualifications. The financial and banking sector is continually evolving and, as such, those working in the industry must stay on top of it.
In terms of soft skills, successful workers must have good communication and interpersonal skills. They must also be honest, analytical, logical, have high attention to detail, and be prepared to go the extra mile every day. Finance jobs are tough and require dedication in terms of time and effort.
Which are the best entry-level jobs for 2021?
If you think you have what it takes in terms of qualifications, attitude, and skill-set, here are the best entry-level jobs for 2021.
In the US, an entry-level financial analyst can expect to earn from $85,000 upwards. Their role is to stay on top of economic trends and forecasts and use the information to advise clients on how to invest and diversify their portfolios. Analysts can also be responsible for valuing a company and assessing prospects and potential financial risks.
For those looking for a more hands-on role, working as a forex or cryptocurrency broker can provide plenty of thrills and spills. Employed by large firms of brokerages, they assist clients in trading on the foreign exchange market- the largest and most liquid in the world. It’s advisable to have a qualification in finance or banking and a sound understanding of economics. Salaries including commission average around $68,487 per year with a top-level salary of almost $200,000.
Alternatively, there are opportunities to be a professional trader where you make trades on the forex or cryptocurrency market with your profit becoming your income. Of course, this is slightly less reliable in comparison to a determined annual salary, but many financial professionals have the ability to work this year. Traders have the option to try out the best brokers for crypto trading and see which platform offers the best terms and conditions for them. More and more are choosing cryptocurrency trading due to its market volatility, which means greater returns on successful trades. These kinds of activities can be conducted full time, or alongside a role that also gives insight into the financial markets.
Accountants are in demand globally- if you have an accounting degree, you will never find yourself out of work. With salaries starting from $70,000, those working in big companies or in senior positions can earn well into the six figures. Accountants are generally responsible for ensuring tax and company information is accurate and that the financials of an entity are compliant. The best news is there is an increased demand for accountants, growing at a rate of 10% per year.
Personal finance advisor
A personal finance advisor is someone who is qualified and certified to give advice on finances including investments, tax, insurance, savings, estate planning, and personal budgeting. Not only is a degree in finance or accounting required, but additional qualifications such as masters or MBA will help you progress. The average starting salary is just under $90,000 but there are big bucks to be made further down the line.
There are many other roles you could consider pursuing depending on your experience, interests, and expertise. Be assured that a job in finance, whatever it may be, is an investment in you and your future.