Best Careers for Finance majors
While the national rate of unemployment in America may have risen slightly between April and May this year, it has generally continued along a downward trend since the final financial quarter of 2012. The portents of moderate but sustained growth were continued in June. Although applications for U.S. unemployment benefits rose by 18, 000, this remained consistent with the current level of job creation.
Further inspection of these statistics reveals a slightly different perspective, however, especially with regard to the type of jobs that are being created in the contemporary employment market. While the U.S. economy added an estimated 175, 000 new jobs in May, for example, the majority of these were low paid, entry-level positions that delivered less than a living wage.
Maximizing Your Earning Potential in the Current Job Market
With youth unemployment in the United States also remaining uncomfortably high at 16.2%, it is clear that the job market poses considerable challenges to the majority of social demographics. The issues facing college graduates and America's unemployed youth offer a fascinating insight into the mindset of employers, however, as a lack of practical work experience often undermines any academic qualifications that candidates have acquired. With this in mind, entry-level jobs actually offer individuals a unique opportunity to maximize their current earning potential as they gather valuable industry experience. The key is to identify the most rewarding entry-level jobs, both in terms of salary and future career prospects. Consider the following options:
While the current economic recovery may be extremely tentative, it has at least been sustained since the opening financial quarter of 2013. This triggered a rise in business confidence during June, as firms begin to look toward expansion and the investment of their accrued capital. In order to make wise and responsible decisions, however, organizations often turn to financial analysts for guidance and relevant market advice that help to maximize their potential returns.
Requiring a bachelor's degree and accessible to individuals who have no practical experience within the industry, it carries a median annual wage of $60, 000, according to Glassdoor.com, and offers tremendous opportunities to recently graduated individuals.
Investment Banking Analyst
If you are motivated by a high bottom line salary and wish to apply your skills in a more clearly defined financial sector, becoming an investment banking analyst may be the ideal career choice. With a competitive median annual salary of approximately $73, 000, it requires you to interpret financial data and economic trends while offering actionable investment advice. Clients can vary from wealthy investors to government agencies that are looking to issue stocks and bonds, so you must display diverse communication skills alongside your bachelor's or master's degree.
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