I am a recent graduate of a tier three school, with a degree in finance. I currently have no experience, so I am basically in the entry level status. Anyways, I would love to pursue an analyst position or possibly get involved with budgeting/forecasting. I guess you could say those are my goals. I still havent truly decided what I want to do. I have interviewed and thought about some possible jobs, I just dont know what is going to get me the experience I need. I dont want dead end experience.
Work in Retail Banking - I have purused personal banker positions, but most are telling me to start out as a teller!
Work in Mortgage Origination - this is with a bank that specializes in mortgages (Indymac Bank) Offered me a position, but its hourly.
Basically im trying to get a job thats not necessarily glamorous paying the big bucks, but instead allows me to develop good work ethic, with the possibility to learn and grown and mold myself into a essential player in society!
Need advice on what to career to pursue with a finance degree?
First, congrats in completing your degree. That takes discipline and comitment.
Well, maybe what I am sharing can help you. There are plenty of organisations - community organisations who need help and pay too for someone who has your knowledge and skills within the financial world.
You see, a financial degree and a person in that world isn't just someone with financial experiences but can also be a leader, someone of vision and someone who can also point out things many can't see. This can make or break a company, an organisation.
Many get into a lot of problems because they cannot manage, have a system of getting all their financial challenges or work into a system, Many also can't even start their organisation or business because of lack of knowledge in forcasting, developing a business plan. You mate, are in the right time and era because your skills are definitely needed.
Community organisations are not just chairty organisations but can be a social entreprise that are building vision and the pay is not that good - 25k but it can lead to also 45k if in director position. But better still, you can freelance your work to diverse organisations if you are willing to go to their meetings and get them to know you.
The advantage of this is:
1. You will meet people who want to make a different.
2. You will meet people who have projects, organisations and always developing ideas and need business plans, forcasting knowledge.
3. You will meet people who always spread the word if your skills are good.
4. You will FEEL respected and work in a worthy cause, and have opportunity to grow, into an essential leader and player within a growing industry.
Here though are some other careers you can get into:
Financial Analyst
As part of our Analytics team you will be a subject expert in finance and accounting, and take the lead in building strong relationships with finance teams across the business at both a Group and International level. You will analyse, interpret and communicate spend data, and provide financial analysis on a wide range of complex technical and business issues. You’ll be responsible for ensuring that the spend figures presented to the businesses are robust and fit for purpose. Working closely with the Category analysts, you’ll support with financial analysis on individual companies, providing a view on their prospects. You’ll support Group’s reporting on the financial stability of key suppliers, and support budget preparation and maintenance, be that for business groups as a whole or on individual projects.
Wage can be from 35kto 50k a year
You'll need to have:
At least part qualified as an ACA, CIMA or an equivalent professional accounting qualification, you are fully conversant with ERP/GL systems, ideally SAP R/3. Naturally you have strong analytical and interpretation skills, able to build and deploy financial models, as well as perform variance analysis. Experienced in working with senior management, you are a strong relationship builder and able to communicate numbers in a commercial context with a track record in delivering to tight deadlines under pressure. An expert level of MS Excel is a must, and experience of international accounting and sourcing/supply chain would be advantageous.
Product Controller - 50k to 65k
As a Product Controller your role will be based within the middle office facing off directly to all key business functions in addition to providing direct support to a specific trading desk. Your day to day duties will include; regular Product P%26amp;L production, analysis and commentary, direct liaison with front office traders to resolve outstanding issues, presenting reports to senior management and assessing new trading strategies.
To be considered for this role you will be from an accountancy practise background, ideally Big 4, and either be newly qualified or a passed finalist nearing completion of your training contract. You will have an excellent academic record and would have ideally audited Financial Services firms, gaining an understanding of financial products.
Financial Accountant - pay 55k - 60k
The role involves the production of full financial accounts in line with the latest international requirements including IAS, IFRS, UK %26amp; US GAAP. Additional duties will include fund accounts preparation and analysing off-shore trust activity.
To be considered for this role you will be a qualified accountant (ideally Chartered) with at least 2 years Financial Services experience gained within a similar role. In addition to a strong academic record, you will also possess advanced MS Excel skills and be comfortable liaising with senior management across the business.
Manager, Corporate Finance
And your responsibilities will range to these:
# Structure and execute corporate finance transactions, including mergers %26amp; acquisitions, valuations, and / or financial advisory assignments relating to Listing Rules and the Takeovers Codes
# Conduct detailed financial / valuation analysis
# Analyse and monitor changes in dynamics and regulatory environment of selected sectors (such as industrial products and consumer products) in Hong Kong and PRC
# Prepare pitch books, memorandums, agreements, initial term sheets and letters of intent
# Assist clients in due diligence exercises in Hong Kong and PRC
# Transaction structuring
# Participate in client meetings and provide support to new business
# Frequent travelling to work on cross-border M%26amp;A assignments
Experience:
# Excellent academic background preferably with a professional qualification in accounting/ CFA
# Minimum of 5 years' corporate finance experience (on financial or legal side) acquired with prestigious banks, professional firms and corporations
# Experience in handling public company engagements is an advantage
# Solid corporate finance knowledge and skills on relative and DCF valuation
# Proficiency in both spoken and written English and Chinese
# Good analytical, problem solving and presentation skills.
External Audit Senior Accountant
Responsibilities:
* Planning and scoping of audit and other engagements and managing budgets and delivering superior client service
* Maintain a portfolio of clients, managing multiple deadlines and further developing industry expertise
* Liaising directly with clients to identify and resolve issues and be involved in report writing and the identification of key risk areas
* As well as building relationships with clients lead and coach staff members to maximise their full potential
Qualifications/Experience:
* Academic qualification – Degree qualified
* Professional qualification – CA (or equivalent international qualification) preferably first time passes
* Demonstrable relationship building and client negotiation capabilities coupled with communication skills to deliver your ideas successfully
* A natural leader with a passion for supporting those around you.
There are so many worlds you can go into mate. It is all yours if you get magazines on the Financial World and mix with such people, to open your eyes to what is out there for you. You will only by being with them.
Here are just a few titles of what jobs available in market:
- Technology Security Risk Services – Senior Consultant
- Manager, Specialised Lending
- Performance Analyst
- Risk Control Administrator
- Trade Control Analyst
- Markets Advisory
- Financial Marketing and working with Marketing Team
- Public Sector Internal Auditor - London
These are just few. So as you can see, there is so many to choose.
Hope above helps.
Reply:Indymac Bank is no longer able to make loans. Pick another bank. Try B of A.
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Reply:I hope someone out there has a good answer to this question, because I was in the same boat as you when I graduated and couldn't find a job to save my life, although I did find one eventually. I wound up working for the state government finally and now work for a taxpayer organization, where some of my work is analytical. I'm thinking about getting a law degree and doing tax law because there seem to be a lot of opportunities for that particularly with my current employer.
It may be worthwhile to start as a teller, looking back I may have done that if I had it to do over again. A neighbor of mine who was a high level manager for a bank told me that she started that way and that you can usually move out of it within a relatively short time (6 months to a year). At the time though, I thought being a teller after getting a degree in Finance would just be too humiliating.
Oh, and by the way, Comerica bank has a training program as does another bank ... I think it was Union Bank of California, but not totally sure on that second one. I was honestly too dejected to even apply to those two after being rejected from like 10 interviews.
But don't despair, after the 10 interviews I was hired as a financial advisor for a local financial planning company. (I went to work for the state later because I actually found government work to be more rewarding).
A lot of times, getting a job involves networking. Talk to you bishop/pastor/priest/rabbi and they may have contacts. Within my Church, people help each other out and they even hold job fairs and have an employment service for members that match us up with employers.
Somehow, it will work out. I'm a few years ahead of you with the same degree also from a third tier college. It was really hard when I first graduated but it worked out for me, it will for you too. I still look back on the experience and feel bad for the me then.
ginkgo
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