Would a career in Finance be a good fit for me? – BigFuture (2024)

FAQs

Would a career in Finance be a good fit for me? – BigFuture? ›

If you're good at math or like to work with numbers, this may be the career to pursue. If you like to solve complex problems or if you are interested in organizing information, you might want to learn more about this career path.

Still, a career in finance isn't for everyone. If talking about money bores you, for example, you might want to choose a different path. Similarly, if math was never your subject, it's not a dealbreaker, but it is a skill you'll need to practice regularly in this field.

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

A career in finance is yours to build. With a broad range of opportunities available, whether that's through advisory support, business development, underwriting, customer service, or even marketing, the sector itself caters to a diverse set of skills and interests.

Finance degrees are in much demand worldwide, with many different career path options and great monetary benefits. The Bureau of Labor Statistics forecasts finance-related jobs to grow 7% from 2021 to 2031, with an expected increase of about 715,100 new jobs and about 980,200 openings from growth and replacement needs.

Superior communication skills, attention to detail, strong quantitative and analytical skills are a must for this role. Good presentation and communication skills are essential for board presentations too.

Is Finance a Hard Major? Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.

To be a financial analyst, you must have strong analytical, math, and communication skills—and be able to endure high stress. You must have a four-year degree in finance or a related field, and you'll eventually need a CFA certification or other FINRA license and, likely, an MBA.

The finance industry is famously hard-charging, especially at the junior levels, and you need to show you can handle it and more. Good references are valuable no matter what, but, more importantly, impressing your bosses during an internship can be a great way to open doors for a future full-time job with that company.

What is a good answer to why finance? ›

Sample Answer #1:

I'm eager to apply my knowledge in a practical setting and contribute to the growth of businesses. I find finance fascinating because it allows me to make informed decisions based on data analysis and strategic thinking.

A recommended answer to this could be: “Having read the job description and having looked at your company website, the role attracted me as I feel that I have the suitable skills for this role such as working to a deadline, experience with yield management, knowledge in SQL, etc.

Master skills that prepare you for real-world job responsibilities. Unlike more general degrees, like business administration, finance teaches you in-demand skills in areas including data analytics, risk management, capital allocation, and investment strategy.

How To Decide? Finance is an exciting major with plenty of career opportunities. If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you.

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

Choosing a major in finance can lead to a wide range of career opportunities in various industries. It equips you with the knowledge of financial management, investment strategies, and risk assessment, which are crucial skills in today's business world.

You can check your own credit report by using an online checker, and this will give you a good idea of where you'll stand when applying for finance. Experian, Equifax, and TransUnion all have online credit checkers, and are the three main credit reference agencies that finance companies use.

Financial stability can be defined differently for each person, but there are some common indicators of being financially secure. Signs of financial stability include following a budget, living below your means, saving money consistently, prioritizing debt repayment, and paying bills on time.

Low Debt-to-Income Ratio

Your debt-to-income ratio is a measure of how much debt you have compared to your income. A healthy financial position usually means having a low debt-to-income ratio that won't give you nightmares. You're not drowning in debt; you're in control and making progress towards being debt-free.