is finance a good career reddit

These include: If you’re interested in how companies should allocate financial resources, corporate finance may be your calling. What Is Time Blocking and Why You Should Be Doing it? Passed CFA L1. Finance majors with strong verbal skills and a sales orientation should consider a career as a commercial real estate agent. I cannot stress enough just how bad the working conditions are at wirehouse/insurance firms. The field has seen large growth despite recent economic downturn, so it’s a little more guaranteed than other fields. Failed CFA L2. The problem that I am running into is that I am nowhere close my capacity. If you need to spend extra time at college trying to figure out what you want to do, do it. Just thought I would give you all a second update. But after reading your article I feel like I should make the correct decision in order to pursue a good career. I heard from a colleague at my old firm that they are now laying off financial advisors, despite breaking revenue records. Now, I spend about an hour per week reviewing accounts and talking with clients. These often unsung professionals experience great diversity in their role. Nobody will have the time to teach you or help you when you start. in NYC. As long as you work your ass off, you shouldn’t have trouble finding a job you love. There are a lot of people in Finance who don’t have a finance degree, not sure how many psychology majors were able to make it in, but remember that Finance is a very large field consisting of many different jobs. 3 Easy Resume Tips And Tricks From An Entry-Level Recruiting Expert, 5 Digital Skills That Will Help You Get A Better Title And Make More Money At The Start Of Your Career, How to Answer: Tell Me About a Challenge You Had to Overcome in the Workplace, How to Check in With a Recruiter When You Haven't Heard Back, Privacy I did not have an assistant. I never did my CFA because I hate studying so much and it's useless in PE. So the ultimate question: is it worth majoring in a field that you feel is boring just for the grand paycheck? I now have a basic idea of what to do. Here are some questions to ask yourself when deciding if a finance major is right for you: If you responded “Yes” to all of the above, then being a finance major might just be for you. Sitting for the CFA right after graduation. Graduate Certificate vs. Master’s Degree: What’s the Difference. Can you clear up what you think of risk compared to a Finance dept career in F500 Fin serv or non-fin serv firm? Nothing will make you dream more about your true desires than sitting in a taupe-colored office working in Excel for so long that the hours blur into days and the days into weeks. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community, Looks like you're using new Reddit on an old browser. Finance as an area of study is fairly broad and offers plenty of career options. Age 24: New job, Research Analyst at a $5B Asset Manager ($65k Base + $6k Bonus). Are you intrigued by the mathematics or statistics courses that you’ve taken in the past? Many people enter IB for the exit opportunities and skills they gain will put them in a position to do whatever they find interesting in the future. I really need inspiration, and inspiration in the form of arguments, not just advice. Next, learn more about this college major such as Accounting and get more career tips for internships and entry-level jobs such as How to Answer: What Motivates You?. However, is finance a good degree choice for you just because of these interests? And I now know, after talking to many of such a profession, that most who ended up with such a career had no desire for the career … Age 27: New job. Straight off the bat, you need to understand that a finance degree does not guarantee you a big pay check. The majority of work in the finance industry is low paying, menial stuff like glorified admin or data entry. The greatest thing I have noticed thus far is just how much better my time is being utilized. Age 22: Finance Degree from non target Liberal Arts. I suspect that bonuses will be cut significantly and more salaried advisors will start to shift towards the RIA model. Which job has been your favorite so far? Am I a good communicator who is able to express my ideas clearly and effectively. What I'm really asking for is sort of like an open discussion, or even a debate on this matter, because I know for a fact that more people are going through the same problem, and if they're not going through it now, there is a possibility they might go through it in the future, so why not start tackling this right now. What is a Finance Major and is it Right for Me? - quite lucrative and quite interesting). To be honest, this job doesn’t interest me but I wanted some kind of experience in finance, so that I could apply for MSF in a good university and get into IB after completing it. Typical classes in this major include accounting, economics, math and psychology. Cookies help us deliver our Services. Age 23: Ops at a Large Bank ($44k Base +$550 bonus). By using our Services or clicking I agree, you agree to our use of cookies. You can make BIG money if you are good at what you do. In this video, I give my honest NO BS advice. What's it like working in Finance? Strong accounting skills are valued both by accounting and finance firms. If I could go back, I would have switched to digital marketing as well. Contrary to popular belief, it’s also a major that requires both analytical skills and a healthy dose of creativity. Given that you're already interested in marketing, I would say to pursue digital marketing. Commercial real estate agents analyze the business plans and financial status of clients in order to recommend appropriate spaces for their enterprises. Do you feel like you solve problems in creative ways, with a numbers-driven approach? This is one of the top careers in Finance. Majoring in Finance: What to Expect as a Finance Major, The Four Functions of Management: What Managers Need to Know. While accountants earn an average salary of $63,000 per year, management consultants earn an average of $86,000 and investment bankers can earn upwards of $250,000. Age 26: New job, research Analyst at a $50B Asset Manager ($110 Base + $35k Bonus) Will sit for CFA L2 again this year. And I now know, after talking to many of such a profession, that most who ended up with such a career had no desire for the career except for the big paycheck. Is Finance a good major? But the truth is financial professionals need to be equally versed in spoken and written English as they need to create multiple reports and convey their decisions on investment, reinvestment, sharing profits, capital budgeting , and many such important decisions to the top management. Terms, Made with | Worked in capital markets advisory for Big 4. Don’t downplay a finance degree. As a finance major, you will study how companies have performed in the past to predict how they will perform in the future, and learn how to communicate information that will drive strategic changes. Failed CFA L2. Investment banks, private equity, and hedge funds have people with a good understanding of accounting or else they will not be able to invest. This summer I left my broker dealer and started my own RIA. Finance is an exciting major with plenty of career opportunities. Resume cover letter is an essential addition to your job application. I hated studying finance (at least 90% of my bachelor and masters). However, an undergraduate degree is required for a … I'm Canadian as well, if it makes a difference. Not at all. Debating between Disney AFRP in LA and Big 4 Audit in a large metro in the south. Many people say that finance professionals don’t need to be good at soft skills. P.S. As a Finance Major starting up my Junior year I'd like to get some real insight on real people's experience. Press J to jump to the feed. If you break that down by the hour, I went from $48 to $250. Press question mark to learn the rest of the keyboard shortcuts. 3 months into my new firm, I sit at $2 Million in AUM with another $3 Million in the pipeline. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I'd like to add to this that working these jobs gives you a new perspective and a new appreciation for doing the things you love. Age 25: Research Analyst at a $5B Asset Manager ($75k Base + $15k Bonus). And if you want to learn about probability and statistics and how they correlate to business decisions, then risk management might be the right path to pursue. I heard that's the level that separates the men from the boys; I sat L2 twice and failed. Way to go on the up and up! Is Finance a good major? Why Your Associate Degree is an important step towards earning your Bachelor’s Degree, Personal Financial Advisors – Projected 15%. In this video, I give my honest NO BS advice. Many of your assignments will be project driven, whether they be individual case studies to enhance your problem-solving ability, or group presentations to practice the way you interact with others. BUT I enjoyed crunching numbers of future multi family real estate investments on my own, investing in the stock market and everything deal related, making money with money, buy low sell high, BIG returns. Your voice is an important one Any advice on that? What roles you filled, what kind of experience you gained, etc? You have to be a self learner. If you're the type of person to land a spot that starts at a high salary (Investment Banking /Trading/Management Consulting) out of finance, you're probably the person that can make a good career in Marketing. However, I don't have any interest or passion for Finance and I hate number crunching. Did you feel the CFA exams were helpful? The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. The rainmakers you see in movies and hear about in the papers are the top 5% of people in the top 5% of finance roles. I love working in finance (5 yrs in front office of a huge PE firm) but school was awful. That's amazing! BBA focused on accounting and finance, Masters in Accounting focused on valuation. Worked in valuation advisory for the same firm. Passed CFA L1. What do you think of the career and opportunities? I am actually trying to get into Private Equity right now. #1 – Investment Banking. How did you make the transition from Commercial banking to PE? Some IT jobs, especially if it’s on the government side of things. Good analytical and problem-solving skills, along with commercial awareness, are the key ingredients companies look for in a candidate planning to make a corporate finance career. Total revenue was 400K, total compensation was 70K salary + 30K bonus paid in March + benefits. Am I interested in figuring out how to help companies increase their revenue? The salaries of finance majors vary widely depending on the careers they choose to pursue. That industry is booming like mad and if you look at the trajectory, finance is dying/changing whereas anything digital is going to be the future.

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