Welcome to part three in our three-part series on entry-level finance and accounting jobs to consider for recent or soon-to-be graduates with 4-year accounting or finance degrees. In parts one and two, we covered entry-level jobs in the fields of accounting, insurance, finance and banking along with the median income for these jobs as estimated by the Bureau of Labor and Statistics (BLS). To wrap up, we will cover some positions you could find at a number of other private, public or government organizations.
So for recent grads interested in working for businesses in other industries or the government, plenty of opportunities exist to kick off their accounting and finance careers. Think about topics and industries that you migrate toward when you hear news online or when you’re watching T.V.
Entry-level finance and accounting jobs can be found in manufacturing, at marketing and advertising agencies, for technology and energy companies, with city, state and local governments and more. If you look outside of traditional accounting and finance firms for work, you might be surprised how many operations (big and small) have openings for recent accounting and finance grads.
Along with the traditional entry-level accounting jobs we discussed earlier, here are a few additional positions to consider in the private, public and government sectors.
Tax associate/specialist, auditor, collector or revenue agent. Does tax law put a spring in your step? Then you will have plenty of entry-level job opportunities with corporations and the government to consider. Corporate tax laws change every year, and an entry-level tax associate can help public and private corporations stay on top of changes in tax legislation and corporate tax code. On the government side, you can find entry-level opportunities reviewing and monitoring tax filings to ensure compliance or assist with collections of unpaid taxes. Median Income: $49,360.
Budget analyst. Whether a business has 10 employees or 10,000, it has a budget to manage. Entry-level budget analysts review existing budgets and expenses and proposed budgets for new initiatives. It is the budget analyst’s job to recommend where expenses and costs can be reigned in and identify opportunities to increase revenues. It helps to be a good communicator and a “people person” in this role, because along with developing financial reports, an analyst typically interacts with multiple departments and personnel to gather data. Median Income: $68,200.
Financial auditor. Corporations are under a higher level of scrutiny since the economic collapse, which resulted in an abundance of new government regulations in recent years. As an entry-level financial auditor you would review financial statements and ensure that public records are properly kept and reported. Monitoring legislation that applies to the business and industry niche to ensure compliance, may also be part of a financial auditor’s job duties. The auditor might also provide insight regarding general business operations, product development and mergers and acquisitions. Median Income: $61,690 (though many financial auditor positions will require an MBA).
Financial manager, controller or finance officer. An MBA is often required for financial manager positions, but some smaller companies will hire graduates with 4-year finance or accounting degrees and some previous work experience for these jobs. Financial managers/controllers oversee a variety of finance-related initiatives and employees. They are responsible for preparing and managing financial reports (balance sheets, budgets, expenses, revenue, forecasts, etc.), monitoring corporate investments, managing human resources concerns and making sure tax and regulatory obligations are met. Median Income: $103,910.
Clearly, this list should just be a starting point for you. You can find a number of additional entry-level jobs under different job titles, with varying job descriptions and many duties that overlap.
If you’re searching for an entry-level finance or accounting position, look to Doostang. We specialize in helping top accounting and finance grads and MBAs find great jobs with some of the top finance and accounting firms and in other industries nationwide.
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“Occupational Outlook Handbook.” United States Department of Labor, Bureau of Labor Statistics. Available at http://www.bls.gov/ooh/. Accessed Nov. 29, 2013.