finance

Helpful tips to prepare for graduate study in Finance:

Strategies

Think about the following industries

  • Consulting Firms
  • Private businesses of all sizes and types
  • Federal Government/Agencies
    • Internal Revenue Service
    • Treasury Department
    • Federal Bureau of Investigation
    • Office of Management and Budget
  • Schools and Universities
  • Non Profit Organizations/Foundations
  • Hospitals/Healthcare
  • Commercial Banks, Savings banks, Mortgage Banks
  • Credit Unions
  • Savings and Loan Associations
  • Insurance Firms
  • Brokerage Firms
  • Trust Companies
  • Real Estate Brokers
  • Developers
  • Join student associations and pursue leadership roles.
  • Gain licenses such as Chartered Financial Analyst or Certified Financial Planner.
  • Start early on getting an internship and try to have as many possible before graduation. Keep them diverse.
  • Take the Chartered Financial Analyst (CFA) Level 1 exam your senior year. You’ll need to pass 3 exams and have 4 years of work experience to obtain the CFA designation, but the first exam can be done in your final year of your bachelor’s degree in December or June. Having the first exam done when you graduate may make you stand out among other applicants.
  • Develop global skills- foreign languages may make you stand out among other applicants.
  • Look at less prominent entry level jobs, the include hands on experience. Average entry level hires will leave in 2-3 years. Your first job will not be your dream job, nor will it be your last job.

  • Be prepared for technical questions.
  • Walk me through a cash flow statement.
  • What is working capital?
  • How is it possible for a company to show positive net income but go bankrupt?
  • What is a deferred tax liability and why might one be created?
  • Tell me about any recent financial reports you have analyzed. What were the outcomes and the different financial strategies you have recommended accordingly?
  • Tell us about documentation process you followed for reports related to monetary flow? How have you managed accounting reports, investments and project analysis?
  • What are the biggest opportunities and the biggest challenges that financial professionals face in today’s market?
  • Have you measured company’s overall performance and industry-competitive analysis (such as – making pricing and cost decisions)? Tell us about that.
  • Have you directed the financial planning of organization? Tell us about your involvement in business development activities, change management operations and in forecasting the business financial results.
  • What processes do you use to create financial analysis reports?
  • What is your process for creating regular — monthly, quarterly, annually — sales reports?
  • Which profitability model do you consider best for forecasting projects?

Career Resources for Finance Majors:

Finance Degree Types:

Master in Finance (MFin)

Finance MS, PhD

Finance and Investment Management MS

Financial Risk Management MS

Applied Financial Mathematics MS

Global Finance MS

Computational Finance MS

Analytical Finance MS

Career Paths:

Master’s Degree:

  • Stock Broker
  • Financial Planner
  • Treasurer
  • Pension Fund Manager
  • Insurance Adjuster
  • Financial Analyst
  • Consulting Analyst
  • Financial Associate
  • Risk Analyst

PhD:

  • Professor
  • Financial/Quantitative Researcher
  • Quantitative Analyst
  • Quantitative Developer

Financial Managers (Treasurers, Financial Directors, Finance Officer)

Median Salary:$115,320

Outlook: +7% (average)

Financial Analyst

Median Salary:$78,620

Outlook: +12% (faster than average)

Financial Clerk

Median Salary:$36,260

Outlook: +6% (average)

Bookkeeping, Accounting, and Auditing Clerks

Median Salary:$36,430

Outlook:-8%

Financial Examiners (Financial Compliance Examiner)

Median Salary:$76,310

Outlook:+10% (faster than average)

Personal Financial Advisor (Financial Advisor, Financial Planner)

Median Salary:$81,060

Outlook:+30% (faster than average)

Public Relations Specialists

Median Salary:$55,680

Outlook+6% (average)

Securities, Commodities, and Financial Services Sales Agents

Median Salary:$72,070

Outlook:+10% (faster than average)

Budget Analysts

Median Salary:$71,220

Outlook:+3% (slower than average)

Accountants and Auditors

Median Salary:$65,940

Outlook:+11% (faster than average)