You don’t have to be a day trader on Wall Street to get a job in finance. There are many different kinds of jobs in finance that require a wide range of skills and personalities. Since we live in a world where almost everyone has their own money, jobs in finance are easy to find and plentiful.
Finance jobs have been appealing to people for hundreds of years. Most of the time, these opportunities pay well and help people understand something that can be hard to understand. People can use the knowledge and skills they learn in the finance industry to better manage their own money, which is a huge benefit of working in the industry.
There are a lot of jobs in finance, and the number is growing, which is good news for people looking for work in the field. According to a report from the Bureau of Labor Statistics from July 2022, the industry has gained thousands of jobs in the past two years.
The report says that jobs in financial activities kept going up in July (+13000) and are now 95,000 more than they were in February 2020. Also, commercial banking added 5,000 jobs just in July 2022, which shows that there are a lot of opportunities in finance.
How to Look for Finance Jobs
You can look for finance jobs on most job boards. But as a platform gets more popular, applicants face more competition. There are other choices that don’t have as much competition. All you have to do is know where to look. Explore the following tools to learn more about your job search:
Reddit is a forum where people talk about all kinds of things. These topics are grouped into “subreddits,” and they range from funny content to advice on skin care, building a career, and more. There are a few subreddits about money that have job listings, resources, and tips.
Keep up with what’s going on in the financial world. If you want to get a job in finance, this subreddit is a great place to learn and have conversations with other users.
This is the best place to ask for help and look for opportunities. It has a new post every few minutes, and at the time this was written, it had more than 560,000 members. Reddit users, or “Redditors,” share tips on how to organise resumes for jobs in finance, how to network, whether or not to take a job, and a lot more helpful information.
r/FinanceNews is like the Finance subreddit in that it has news, updates, and trends about the global finance industry.
Facebook groups for specific things
Did you know that about 70% of job openings are not posted on public websites? These jobs are hard to find and are filled by people who know each other.
With Facebook Groups, you can find opportunities on a site that many people use every day. Users post their job needs, and group members get in touch with each other if they think it would be a good fit. Every few hours, thousands of people from the following two groups post something.
Jobs in Accounting and Finance
In this group, people ask other members for money when they need it. There are full-time and part-time job openings, and the information is shared quickly, clearly, and concisely. Most of the time, job recruiters want to fill these positions quickly.
Jobs and training in accounting and finance
This group is meant to help professionals get ahead in the world of money. It has job openings and resources to help you learn more about money and improve your skills.
Platforms like Indeed have made it easier for people to find jobs. But, as we’ve already said, they’re popular and there’s a lot of competition. Here are a few platforms that only offer finance-related jobs.
Association of Payroll Professionals
The Association has a job board that is just for jobs in finance.
This platform is only about ways to make money in the nonprofit sector.
Financial, banking, and accounting jobs.
Look through nearly 15,000 finance jobs.
What jobs are there in finance?
Since money is such a big part of our lives, there are many different types of full-time and part-time jobs in finance. Larger businesses need to hire an accountant or chief financial officer, but small businesses and self-employed people often hire outside help for these jobs.
With so many options, job seekers can focus on the roles that fit their skills and interests the best. Here are a few examples of the many jobs you can get in the field of finance.
Accountants use financial records to make sure that the business is following the law and running well. Most professionals know that their paychecks come from the accountant because accountants are in charge of company payroll. But they are also responsible for keeping track of budgets, ledgers, and taxes for the company.
Accounting firms provide the same service to both people and businesses that want to hire them. There are many financial experts who work for these companies. Some, like H&R Block, are better known than others.
Investment bankers work for investment banks, which are places that help companies and governments raise money, do mergers and acquisitions, and run initial public offerings (IPOs). All of these are big financial moves that often involve other people and businesses. Because of this, investment bankers act as advisors or go between people and businesses.
Take the example of putting out an IPO. Investment bankers write the prospectus, which is a legal document that companies must file with the Securities and Exchange Commission (SEC) before selling stocks to the public as an investment opportunity. Then, investors use this document to decide if they want to invest in an opportunity or not.
You will need a lot of experience to become a financial advisor. That’s because people hire advisors because they want to learn from them. People depend on advisors to look at their finances and come up with a plan to help them reach their financial goals. Basically, they take care of your money and help you find the best ways to invest it. They also help you deal with taxes and keep a budget.
Large financial institutions need marketers who know what they’re doing to bring in new customers and grow the business. In this situation, a person’s financial experience and knowledge of marketing often overlap. Getting a marketing job in the finance industry is a good way for people with these skills to learn more about money.
Junior tax partner
This job is for people with less experience than the others, but becoming a junior tax associate is still a good way to get into the finance industry. For recent college graduates or people who want to change careers, becoming a junior tax associate is a great way to learn about the business world and opens the door to chances to get better at what they do and get promoted.
How to Put Together the Perfect Application
Once you know which finance jobs you want, it’s time to put together a resume and cover letter that will get you the job. Make sure to keep the font, colours, graphics, and formatting simple. Make sure the documents are easy to read and only include the information that is needed.
Here are a few more ways to make yourself stand out from the other applicants.
Only list the most important things you’ve done.
There are a lot of skilled jobs in the financial field, so tailoring your resume and cover letter to the job you want will help you get it. Gather the skills and experience that are best for the job, even if they aren’t in the finance field, and get rid of the rest. Hiring managers want to find the best person for the job, so make sure your application fits the job description.
Whenever you can, make a connection between what you’ve done and money. If you don’t have a lot of experience with money, talk about how you feel about numbers, money, budgeting, etc. Share the skills you’ve learned to manage your own money or any other experience that can easily be applied to the field.
Managers don’t want to read resumes and cover letters that are boring. Make a big impression by describing your experience and skills in your application package. In your cover letter, tell an interesting story or talk about how you felt when you did something well. Basically, remind the people who are hiring you that you are a person with goals and interests.
Use hard data
Hard data shows that you know what you’re doing. What’s more attractive? Saying you are a leader or naming how many projects, teams, and people you’ve led in your career? No matter what industry you’re in, putting your accomplishments in numbers always gives a better idea of what you can do.
This industry uses hard data all the time, so the best way to talk to people in finance is to tell a story with data. When you can, put numbers next to your experience, and get rid of any bullet points or sentences that don’t relate to your skills or experience. (Terms like “organised,” “detail-oriented,” and “self-directed” are often used, but they don’t say much about the person.)
Teal’s Job Tracker will help you keep track of your job search and applications as you look for jobs in finance. The tool helps people looking for jobs stay organised, keep track of the status of their applications, and figure out which opportunities are the best.
Questions That Are Often Asked
How much does the average finance worker get paid?
In any industry, there are different types of jobs that pay different amounts. Entry-level jobs pay about $50,000 per year, while executive jobs usually pay more than $100,000 per year. If you add up all the salaries in the financial sector, the average is between $80,000 and $90,000.
Do I need to have worked in finance before if I’ve never done so?
It depends on what the part is. For a lot of jobs, you need a degree, specific skills, or experience in the field, or sometimes all three. Other jobs are for beginners and can give you the experience you need to move up in the financial industry.
How do I choose the best career path for me?
One way to narrow down your career choices is to look at the skills and experience you already have and see how they fit into different finance jobs. From there, choose the options that seem the most interesting or the best use of your skills.
You can also start over from the beginning. If you think you’ll do well in a certain role or roles, reach out to people you know to try to get a foot in the door. In that area of study, you could get a degree. But you might get a head start if you start with online courses and study materials.
Do you know a person who works in finance? Ask them what their favourite books, podcasts, webinars, and other resources for professional growth are.