Six-figure Jobs You Can Pursue With A Finance Major
The financial industry offers demanding, yet varied and rewarding career opportunities for candidates who are motivated and diligent
. It is one of the highest paying fields in U.S after the medical field. This field has a persistently changing scenario which requires training in technology, government regulations and market globalization.
Here are the top finance jobs that will make your pocket happy:
Financial Managers
A financial manager designs economic management, direct investment and cash management strategies and monitors financial information for his organization. Financial managers work in various positions as controller, CFO, cash or credit and international banking manager or risk manager. They may have an influence on mergers and global expansion.
The median salary for a financial manager is $92,000 per year, with the top leadership earning nearly $150,000. Salaries vary across regions and sectors. CFOs in Securities and the area of goods are the highest paid, whereas employees in municipalities earn less.
The minimum requirement of education holds a BA in Economics, Finance, Business Administration, or accounting. Many employers look for candidates with a masters degree in one of these specialities.
Marketing Managers Or Director Of Marketing
Marketing managers, like CEOs, cover all the industries and levels of responsibility. Their salary ranges from $92,000 to $100,020, with four to six years of training. A small firm may have a marketing executive for coordinating with advertisements and boardroom meetings, but the marketing manager is responsible for the strategic implementation of multimillion dollar marketing budget, including dealing with the marketing media. Marketers can expect to handle items as public relations, brand development, media buying, collateral development and promotions and settings.
A four year degree in Finance is usually required to become a financial manager and an MBA will certainly help in getting the position of executive management marketing.
Loan Officer
You probably know the mountain of paperwork that comes when people want to buy a house, car or college managing loans, but did you know that some loan officers could earn $100k to do that?
A loan officer guides a client through the entire process of loan application, the initial collection of information on the establishment of a repayment plan, determining the best type of loan for a client and explaining the details and limitations of the loan, says the U.S. Department of Labour. Loan officers sometimes work as salesmen and mostly specialize in industrial, commercial, mortgage or consumer goods.
As a loan officer has to do much more than simply comply with certain formalities. They also handle money and the risks that feller states, generally leads to a better pay. Loan officers in New York have the highest average salary at $104, 230.
A Bachelor's Degree in Economics or Finance is generally required with additional training or experience in sales and banking services. In order to decide which loans to approve, an understanding of business accounting, financial statements, and cash flow analysis may be needed.
Put your analytical skills to good use and start earning big bucks with your finance major.
by: Derick Porter
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