Who Hires People with a Bachelor’s in Finance?
September 10, 2012
•Finance
• 0 Comments
As nerve wracking and stressful as completing a college degree can be, it is nothing compared to the process of figuring out what that degree can help accomplish in the future. Some college students pursue a degree without really knowing how it can help them in the future or what career fields it can lead to. Others pursue a degree with a narrow understanding, not truly understanding the full potential of the college degree they just earned.
While many degrees are specialized in areas such as Public Accounting, Criminal Justice, or Civil Law, there are other degrees like a Bachelor’s in Finance that can open the door to a variety of types of careers in various sectors of the economy. While everyone’s experience varies, the following are a few general examples of areas where finance graduates can find employment after college.
Corporations
Companies big and small, private and public, hire finance graduates to help oversee the financial health of the business. According to [United States Bureau of labor statistics], the overall goal of financial analysts and financial managers is to help a business develop long-term financial strategies and guide the investing decisions of the business to ensure future returns. A Bachelor’s in Finance is the minimum requirement among most businesses for these positions, with a Master’s degree and additional experience often required for advancement.
Government
As long as there is a government guiding society, there will be taxes collected to fund government projects and support community activities. The Internal Revenue Service (IRS) is most commonly associated with government finance positions. Tax collectors and auditors are the most prominent positions, and bear the responsibility of handling delinquent accounts, dealing with delinquent returns, and investigating the finances of the government and businesses working with the government. [bls.gov]
Individuals
A Bachelor’s in Finance does not mean individuals have to work for massive corporations or the federal government. Individual citizens and families employ Personal Financial Advisors to help guide investment strategies, deal with tax returns, and assist with insurance purchasing decisions. [bls.gov]
Non-Profit World
Believe it or not, non-profits do deal with money. After all, many of the projects and groups supported by non-profits require money to get off the ground first. Financial advisors to non-profits assist the groups in determining how much potential projects will cost, how to raise money for their projects or services, and develop strategies for efficiently using finances they move through the non-profit.
On top of providing a great deal of flexibility to graduates, Bachelor’s degrees in finance can lead individuals into jobs that have staying power over the long run. Positions such as Tax Collector or Budget Analyst are often viewed as being a good career choice. According to Yahoo! Education, these positions have been ranked #6 and #7 on the list of jobs built to last.
Sources:
http://education.yahoo.net/articles/careers_built_to_last.htm?kid=MQN3
http://www.bls.gov/ooh/management/financial-managers.htm#tab-2
http://www.bls.gov/ooh/business-and-financial/tax-examiners-and-collectors-and-revenue-agents.htm
http://www.bls.gov/ooh/Business-and-Financial/Personal-financial-advisors.htm#tab-2
http://www.bls.gov/ooh/Business-and-Financial/Financial-analysts.htm#tab-2