Tuesday, May 24, 2022

4 Tips to Finding a Career in Finance

Getting a finance job isn’t impossible, but it is a highly competitive industry, so you’ll need to be prepared. Financial institutions, lenders, and even businesses are bombarded with resumes of recent college graduates who are on the path to getting their masters for better opportunities. 

The financial industry is also cyclical and can be impacted by the stock market and mortgage industry. In any case, here’s how you can find a job in finance. 

  1. Find Internships

An internship can help you during and after college. This period can help you get more experience for launching your career without the need to have a full-time job. It’s also easier to get an internship than it is to get a full-time job in the financial industry. Many internships are paid or offer college credit in lieu of payment. 

You can find a number of internships on job boards like Indeed and Monster, but you can also find opportunities through your school. By visiting with your academic advisor, you might be able to find opportunities open to students no matter what year they are in. 

Even though an internship might be paid, you can’t expect a salary for you to live off of, especially if you’re still a student. While you might not get a loan processor salary, you can get the experience necessary for getting a job after your internship. 

You can find internships at large corporate companies or small businesses where you can expect to complete routine tasks that can help you build your career in the financial industry. You may spend many days printing out documents, assembling presentations, and doing other chores, but you’ll also receive experience and the opportunity to gain valuable references. 

You should try to work as hard as you can at an internship because they might offer you a job after you graduate. It’s typically easier to get your current employer to take you on full-time than it is to find another job after college.

  1. Target Your Education
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If you want to get a career in the financial sector, then your major in college should include accounting or finance. While many companies may claim that what you study in college doesn’t matter, it can make a difference when they’re sifting through hundreds of resumes. 

If you have more experience with the tools that financial companies use thanks to your studies, then you’re already a better candidate for the job than someone with no experience or education. Luckily, you don’t always have to target your studies that effectively. Instead, you can aim to take classes in math that can help you in the financial industry. 

  1. Learn Industry Terms 

If you want to land a finance job, then you’ll need to learn how to talk like you’re already in the industry. This can be quite impressive during job interviews. Showing that you’re knowledgeable about financial terms and enjoy reading industry news can help you beat out the competition and land the job. 

Instead of relying on your education to help you get the job, immerse yourself in financial literature that can help you learn about all of the terms you’ll need to know so that you can use them to impress the hiring manager. Reading books and articles about financial topics can help you pick up the basics, even if you’re not studying finance in college. 

  1. Get the Credentials

While your GPA is just one credential that can impress future employers, you can go above and beyond to set yourself apart from other candidates. Learn about the different credentials that you can take without having an existing career in the industry so that your resume is more impressive than those of other recent grads. Look into potential certifications and licenses you can earn to make yourself a more competitive applicant. 

Working in finance can be a dream job for those with a deep interest in numbers and economics. By implementing one or all of the above tips, you can improve your chances of securing the finance job you’ve been searching for.