Your List of Entry-Level Accounting and Finance Jobs for 2014: Part 2 of 3

Your List of Entry-Level Accounting and Finance Jobs for 2014: Part 2 of 3

This is the second 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 part one, we covered entry-level jobs in the field of accounting and the insurance industry along with the median income for these jobs as estimated by the Bureau of Labor and Statistics (BLS). Here we will discuss opportunities available in the finance and banking niches. The final post will review other jobs in the private and public sectors.

Entry-Level Finance Jobs

If you plan to head to Wall Street or work for a top firm in the finance industry there are a wide variety of entry-level positions to consider. Some of the best jobs often go to candidates with MBAs, but prior experience in the finance industry might get you a shot at positions with the top firms.

Money manager. If helping organizations manage different types of investments, investment pools or mutual funds appeals to you, look into entry-level money manager opportunities. Money managers typically specialize in a specific type of investment or program such as investment portfolio management, portfolio sales or hedge fund analysis. The BLS didn’t provide a median income for money managers, but compensation is based on performance. So if you work hard, know your niche and do your research, a money manager job could net you well into the six figures over time.

Financial advisor or financial planner. Would you prefer to work with individuals versus corporations? Then a financial advisor job might be up your alley. Personal financial advisors help people decide where and when to invest their money over the short- and/or long-term, much like financial analysts do for corporations. Median Income: $64,750.

Stockbroker. Along with your 4-year degree, you’ll need to have thick skin, enjoy squashing the competition and excel at networking to succeed in the highly competitive securities industry. Successful stockbrokers earn a healthy living but on-the-job stress can take its toll. Median Income: $70,190.

Financial analyst. Financial analyst jobs come in all shapes and sizes and specialties. If you are comfortable immersing yourself in large volumes of data, can grasp and communicate complex economic and financial insights and are able to formulate sound recommendations based on your research – consider a job as a financial analyst. Long hours, travel to unglamorous locales and a nice paycheck are typical “perks” of entry-level financial analyst jobs. Median Income: $74,350.

Entry-Level Banking Jobs

The world of banking also offers a plethora of opportunities for recent college grads. Whether you’re leaning toward working at one of the top investment banking firms, one of the “big banks” (think Chase, Citi, Wells Fargo, U.S. Bank, etc.) or a local community bank, an entry-level banking position can open the door for a number of finance career paths down the road.

Investment banking analyst. Competition is tough for entry-level investment banking analyst jobs, much like financial analyst positions – because they both pay well. I-banking analysts perform similar duties to financial analysts, performing research and creating reports, but focus specifically on securities. Median Income: the BLS didn’t provide median income for this position specifically, however these jobs fall into the same pay scale range as financial analysts, so expect a similar median income of $74,350.

Mortgage underwriter. Like insurance underwriters, mortgage underwriters evaluate risk to determine whether to issue a mortgage and under what terms. If you’re interested in a mortgage banking career, an entry-level mortgage underwriter job could be a good start. Median Income: $56,490 (included under the same category as loan officer).

Loan officer. Loan officers at financial institutions perform some risk analysis duties in conjunction with underwriters, but also work directly with individuals and businesses requesting loans (home, business, vehicle, etc.) to make sure paperwork is properly filled out and to review loan options. Median Income: $56,490.

Credit analyst. Another type of financial analyst role, entry-level credit analysts research companies to determine whether they are a safe risk and make recommendations to financial institutions as to whether they should set up a lending arrangement with the business in question. Median Income: again, no specific entry from the BLS, but we estimate pay scale range would be similar to or less than typical financial analysts.

Financial examiner or bank examiner. Would you like to review the books and financial transactions of financial institutions? Look for entry-level financial examiner jobs. These examiners review financial statements, transactions and more to determine if the institution is in compliance with government regulations. Median Income: $74,940.

Part three of this series will cover entry-level finance and accounting jobs in the general private and public sectors.

Ready to start your job search now? Visit Doostang’s website and sign up today – it just takes 30 seconds.

Photo Source: Shutterstock

Resources:

“Occupational Outlook Handbook.” United States Department of Labor, Bureau of Labor Statistics. Available at http://www.bls.gov/ooh/. Accessed Nov. 29, 2013.

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Tech-Savvy Resume Strategies

By Alesia Benedict, CPRW, JCTC – GetInterviews.com

Healthcare Equity Research Analyst, New York, NY
Chief Technical Officer, Cambridge, MA
Investment Banking Associate, Conshohocken, PA
Brand Strategist, New York, NY
Fixed Income Analytics Associate, Los Angeles, CA

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Increase the effectiveness of your resume through the productive use of technology. While being tech-savvy with your resume definitely includes posting to job websites, successful job candidates go far beyond the basics. Knowledge of leading edge uses of technology, in addition to basic Internet posting procedures, will help set your resume apart from the competition!

Resume Submission

Most job applicants submit resumes electronically by sending an email or posting to corporate or job search websites. In doing so, you still want to be certain that your resume is appropriately formatted, has a professional appearance, and is appealing to the reader.

When attaching your resume to an email, you typically want to save it as a Word document, which will preserve the formatting and professional appearance. If posting to a job search site, it may be necessary to save the resume in a plain text format. Though this file type will eliminate most of the formatting, it will enable your document to retain its basic professional appearance online.

Scannable Resumes

Many companies use computers or scanners to input large numbers of resumes and selectively screen for industry specific keywords. It is critical in these cases to be certain that your resume is current in terms of how your job skills and work experiences are described. If you are uncertain about the keywords in your resume, compare your resume with the latest job descriptions to be certain your resume contains the right language to catch the attention of both human eyes and computer scanners.

Electronic resumes or e-versions are typically formatted for computer scanners instead of human eyes. This electronic resume format is specially designed to be successfully scanned by computers. The typical formatting that makes a resume appealing to the human eye may create obstacles that cause a computer scanner to reject your documents. It is often best to submit both Word and scannable versions to increase your likelihood of a successful submission.

Personal Websites

Regardless of how sophisticated or plain your website may be, it can still be a positive resource for you to use during your job search. The key is to remember that a personal website needs to be professional when included in your job search. Be sure to edit any unprofessional photos or offhand postings before directing a potential employer to your site. When using your website as part of your job search, be cautious about including your entire resume. You don’t want to make yourself vulnerable to identity theft by posting your entire work history and personal address online. This can also be risky if you are currently employed and trying to keep your job search quiet around the office.

A personal website can become an asset in your job search if you post relevant articles you have written or outline special projects, such as software you developed or community projects in which you have been involved. Highlighting any experience as a Board member or a key organizer demonstrates your leadership abilities.

Online/Electronic Portfolios

Whether you have your own website or not, you can use the power of technology to showcase work samples using video, PowerPoint presentations, or white papers. Although you don’t want to include excessive links in your resume, you can organize a portfolio of key work products to add important details that your resume alone cannot convey.

For an online portfolio to add critical value to your application, include a slide show of specific accomplishments, such as photos of job sites, video snippets of presentations, or even statistics of outstanding achievements that go beyond the basics in your resume and you can add critical value to your application. Another alternative is to copy all your materials onto a CD and carry it along to present during the interview or leave for the hiring manager to review.

Online Networking

Professional associations often include discussion boards and may have job posting sites as well. Explore the sites of all professional organizations with which you are associated or may be interested in joining to determine what kind of networking opportunities may be available. In addition to message boards and online forums at professional organization websites, you may also investigate sites that include professional networking as part of their mission.

Even though thinking outside the box has become a trite phrase, the concept still carries value. If you shift your thinking away from the traditional resume format, you are likely to set yourself apart from the competition and create opportunities for yourself. Brainstorm a few tech-savvy strategies to gain results from your resume!

About the Author: Alesia Benedict, Certified Professional Resume Writer (CPRW) and Job and Career Transition Coach (JCTC) is the President of GetInterviews.com, the country’s leading resume writing firm. They provide professionals with customized, branded resumes and career marketing documents. Her and her firm’s credentials include being cited by JIST Publications as one of the “best resume writers in North America,” quoted as a career expert in The Wall Street Journal, and published in a whopping 25+ career books. Established in 1994, the firm has aided more than 100,000 job seekers to date. All resume writers are certified writers. GetInterviews.com offers a free resume critique and their services come with a wonderful guarantee — interviews in 30 days or they’ll rewrite for free!

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Doostang Success — Business Consulting Job within 1 Month of Beginning My Search

Alison

Wofford College, 2007
Senior Business Consultant – Perficient

“Initially, I was weary of looking for a new job. I had a stable job that was unfulfilling, but due to all the rumors about how hard it was to find a job, I was afraid to even look. I checked out listing on other job sites and became more disheartened after wading through hundreds of jobs that sounded like scams to find one possibly interesting position.

Then I tried Doostang! After spending a little time on Doostang, I found a number of opportunities that I found interesting and decided to submit my resume.

Within 1 month of beginning my job search with Doostang, I found a position as a Senior Business Consultant with Perficient (formerly Exervio) in Charlotte, NC.”


Did you get a job through Doostang? Share your Doostang success story and get a $500 Signing Bonus from Doostang!

Here’s a small sample of the great jobs you’ll find on Doostang:

Private Equity Intern – Progressive Investment Company, New York, NY

Consultant – Top-Notch Consulting Company, Washington, DC

Pre-MBA Associate – Top Private Equity Firm, Los Angeles, CA

Simulation Analyst – Rapidly Growing Boston Area Robotics Company, Boston, MA

Investment Banking Associate – National Securities Company, New York, NY

Search jobs on Doostang

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Behaviors that Tarnish Your Office Reputation – Part 2

Financial Planner, New York, NY
Capital Markets Analyst, Houston, TX
Investment Banker, Denver, CO
Brand Marketing Fellow, New York, NY
Corporate M&A Group Associate, Chicago, IL

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Welcome back to our next installment of reputation-tarnishing behaviors at work.  Last time we explored how being too assertive, overextending yourself, and failing to communicate with your boss can all have a negative impact on your status.  Read on for a few more behaviors to avoid if you’re trying to stay on everyone’s good side!

Lack of Coherency

It’s likely that at some point during your job you will have to share your work and progress with either your boss or your coworkers.  And while this may take some extra effort and energy on your part, it’s important to take the time to ensure that what you present to others is clear, logical, and legible.  A presentation that lacks these three factors can really frustrate others, and you may be forced to either rework what you did, spend a good amount of time explaining superfluous details, or have your work be disregarded altogether.  Presenting coherent, understandable work is a show of respect for your audience, so you should do your best to be as clear as possible.

Challenging Your Boss

At all times, no matter what, you should show respect for your boss.  This becomes particularly important when others are around, say, in a team meeting or even just around the office.  It’s okay to disagree with your boss, but set aside a time to do so in private.  If your boss happens to make a mistake in a meeting – and you feel that it’s important to point this out – either try to get the message to your boss discreetly or bring the matter up in as polite a way as possible.  Never try to challenge your boss in public, as this will likely cause you to be perceived as insubordinate.

Focusing Solely on Your Boss

While your relationship with your boss is crucial to your career, it’s important to also cultivate relationships with your coworkers.  These are the people with whom you will be working in teams, and perhaps more importantly, they’re the ones whom you will be working under (or above) when someone is promoted.  Don’t isolate yourself by ignoring your peers, and don’t be seen as a “brown noser” by focusing solely on your boss.  It’s imperative to be friendly with everyone and to be a team player.

Having No Reputation

One interesting point that many fail to consider is having no reputation.  While flying under the radar is certainly preferable to sticking out like a sore thumb, it’s still better to be in great standing at your place of work.  If you show up to work but remain unnoticed, you will likely miss out on many of the privileges afforded to hardworking, friendly, reliable employees.  Having no reputation does not mean that you are none of these things, it just means that you will have to put in a little extra work to be recognized as such.

That’s it for now on behavioral blunders to avoid at work.  As you can see, how you interact with both your coworkers and your boss is extremely important, and it’s worth putting in the extra effort so that people consider you a great component of the team!

Until next time,

The Doostang Team

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6 Resume Details that Help You Land More Interviews

By Alesia Benedict, CPRW, JCTC – GetInterviews.com

Analyst, New York, NY
Data Specialist, Waltham, MA
Investment Banking Associate, San Francisco, CA
Litigation Secretary, Denver, CO
Director of Finance, Los Angeles, CA

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“It’s all in the details.” This old adage also applies to your resume. Getting the details right will land you that interview! The resume is your first impression. Make sure you send the right message by getting the details across in a powerful presentation.

1. Remember the Purpose of the Resume

A resume is designed to land an interview. You have to do the rest of the work in the interview to get the job. Remembering this primary purpose of the resume can help you remain focused on only those details of your work history that will compel the hiring manager to call you for the interview. Think of the resume as a pitch to the hiring manager. Each section has to speak to the needs of the company and serves a definite purpose in selling that message.

2. Omit Irrelevant Information

Be certain to include all necessary details about your work experience, but don’t fall into the trap of including accomplishments from early in your career because you have a sentimental attachment to those achievements. Another old-school approach is including an objective on the resume. An objective is considered irrelevant because it addresses your needs rather than those of the potential employer.

3. Stand Out From the Crowd – In the Right Way

If creating your own resume, avoid using any of the templates available in your word processing program. Templates create the same kind of document that the hiring manager is used to seeing from many other candidates. To counteract this effect, many are tempted to use fancy fonts, colors, and pictures. Resist that temptation! These superficial approaches will not represent the substance you bring to the position (which is what actually sets you apart from the crowd). Emphasizing your accomplishments is the way you want to stand out from other applicants.

4. Toot Your Own Horn

Though you may have a hard time playing up your accomplishments, the resume is not the place to be humble. Be specific about every achievement you bring to the table. These achievements are what will set you apart from the crowd. Details speak to your strengths and also prevent you from embellishing beyond your actual accomplishments. Unique achievements tell the hiring manager why they need to call you for an interview!

5. Go Beyond the Job Description

The job descriptions for most positions share many of the same responsibilities. Every banker, financial analyst, and sales professional has a similar base of duties. Including “other duties as assigned” to highlight your willingness to go the extra mile is not going to set you apart from other candidates. Detail exactly what those other duties are as long as they strengthen your position in the resume. If the additional duties are mundane, you achieve a greater effect by describing yourself as a “motivated team player” in the professional summary of your resume. If the duties are innovative and achieved strong results, then include those details in your accomplishments.

6. Be Specific

Specific details create a picture of your past successes for the hiring manager. Clarity in your resume helps the reader see you in the role of the new position. For example:

Too General:

Seeking a position as a project manager where I could lead effective teams for great results.

Specific & Powerful:

Experienced project manager with diverse leadership skills ranging from green initiatives with LEED compliance to streamlining operations, growing profits, and increasing productivity.

Remember that the details of your resume need to answer the hiring manager’s question of “Why you?” Don’t leave any questions in the reader’s mind that you are uniquely qualified to solve the company’s problems and create success. Get that interview with the right details in your resume!

About the Author: Alesia Benedict, Certified Professional Resume Writer (CPRW) and Job and Career Transition Coach (JCTC) is the President of GetInterviews.com, the country’s leading resume writing firm. They provide professionals with customized, branded resumes and career marketing documents. Her and her firm’s credentials include being cited by JIST Publications as one of the “best resume writers in North America,” quoted as a career expert in The Wall Street Journal, and published in a whopping 25+ career books. Established in 1994, the firm has aided more than 100,000 job seekers to date. All resume writers are certified writers. GetInterviews.com offers a free resume critique and their services come with a wonderful guarantee — interviews in 30 days or they’ll rewrite for free!

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Doostang Success — A Great Job after 3 Years of Unemployment

Ryan

Baruch College (MS), 2011
Analyst – REIS

“After getting laid off in 2008 from my financial services job, it seemed impossible to get back into the business world. I applied for hundreds of jobs and couldn’t even get an interview or even a response. After three years of unemployment and exhausting almost every avenue I knew of, a friend recommended Doostang to me.

Within two months I went on three interviews, got two job offers, accepted one and I am now back to work full time.

Doostang is by far the best job site I ever used. Every job listing on this site is legit, there is no ‘work from home and make 10K/month’ type listings. If you see it on Doostang it means that company is looking for someone right now. I already got my father and two of my friends using it too, worth every penny!”


Did you get a job through Doostang? Share your Doostang success story and get a $500 Signing Bonus from Doostang!

Here’s a small sample of the great jobs you’ll find on Doostang:

Investment Banking Analyst – Leading Diversified Financial Services Company, New York, NY

Marketing Coordinator – International Law Firm, Miami, FL

Financial Research Assistant – Premier Global Financial Services Company, Philadelphia, PA

Capital Markets Analyst – Preeminent Real Estate Company, Houston, TX

Venture Manager – Premier Financial Firm, New York, NY

Search jobs on Doostang

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Doostang Success — Internship at a Venture Capital Group in New York

Jiajia

University of Rochester, 2011
Financial Analyst Summer Intern – Pulse Advisory

“I recently received and accepted an internship offer to work for a venture capital group in New York.

I got the interview offer just one week after I sent my application materials through Doostang.

It is a really great opportunity for a fresh finance graduate to land a position in venture capital. I am a graduate student in finance from University of Rochester, and as an international student, it is really hard for me to get an opportunity to work in the U.S. Recruiting for summer internships fades away quickly by the end of winter, and on-campus recruiters are relatively limited because of geographic disadvantages.

Doostang provides a great chance to reach out to all kinds of job opportunities and it updates information quickly.

I started my summer internship search late, but I still found a lot of interesting openings all across the country. Besides, Doostang’s job searching tools are so considerate that you can easily find positions in your targeted areas, so it saved me a lot of time in job searching.

Every time a potential employer downloads your resume, you’ll get an email notice, meaning you are no longer ‘blindly’ waiting for an interview offer.

I’m so glad that my friend recommended Doostang to me and I’m totally satisfied with the service. I think I’ll stick to Doostang for all my future job searching.”


Did you get a job through Doostang? Share your Doostang success story and get a $500 Signing Bonus from Doostang!

Here’s a small sample of the great jobs you’ll find on Doostang:

Credit Analyst – Leading Private Banking & Investment Management Company, Boston, MA

VP of Strategy – Rapidly Growing Restaurant Group, Denver, CO

Corporate Finance Summer Internship – Established Boutique Investment Bank, Chicago, IL

Consultant/ Manager – Top Tier Global Management Consulting Firm, New York, NY

Sr. Financial Analyst – Venture-Backed Spanish Language Media Company, Los Angeles, CA

Search jobs on Doostang

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Doostang Success — It Took Seconds to Get My Foot in the Door

Chris

Florida State University, 2011
Research Analyst – AEW Capital Management

“I recently graduated from Florida State University’s Master of Science in Finance program. I was looking for a career in which I would play a vital role in research and investment strategies with a large company with international exposure. A friend of mine had referred me to Doostang, and I could not be happier for the advice.

While the job market is still tight, Doostang did a great job of consolidating the job opportunities into an easy application process, where I knew my resume and cover letter were being viewed.

We all know how cut-throat the internet job search can be, but Doostang took out a lot of the heavy lifting in the job search process by allowing me to filter my searches toward the career ventures I deemed relevant, but also ones that I had a decent shot at, being an entry level candidate from a non-target school.

I received three calls back about openings before I found my dream job. I interviewed at all three, and received an offer from a PE firm.

The opportunity wasn’t exactly what I was looking for, so I continued sending out my cover letter and resume until I got an email from my current employer. After two phone screens, I was flown up to Boston, where I interviewed and got the job.

The firm manages over $47 billion of assets and securities, and was just the international exposure I was looking for! This opportunity has put me in a position to get experience at a high quality investment management firm, and sets me up perfectly to continue my own personal education by offering to pay for the CFA.

I have spent years cold calling and networking, trying to get an opportunity that just took me seconds to get my foot in the door for via Doostang.

You can’t put a price on a website that is so filter-friendly, and ensures you with alert features that your resume is being viewed by potential employers. This website was great to help me narrow down the job function and industry that fit my personality and career aspirations. I will continue to, and have been referring Doostang to friends and family. Thanks Doostang!”


Did you get a job through Doostang? Share your Doostang success story and get a $500 Signing Bonus from Doostang!

Here’s a small sample of the great jobs you’ll find on Doostang:

Junior Trader – Registered Financial Trading Firm, Greenwich, CT

Consultant/Manager – Top Tier Global Management Consulting Firm, Boston, MA

Associate – Cutting Edge Private Equity Investment & Advisory Group, SF Bay Area, CA

Strategy & Analysis Manager – Leading Digital Marketing & Media Company, Chicago, IL

Analyst – Growing Corporate Finance Advisory Firm, Stamford, CT

Search jobs on Doostang

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How to Create a Healthier Work Environment

Equity Research Associate, New York, NY
Media Sales Associate, Hong Kong, China
Investment Banking M&A Analyst, Greenwich, CT
Business Analyst, Cambridge, MA
Futures Broker, Chicago, IL

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When you spend upwards of eight hours at a desk every day, it’s difficult to focus on your health.  But staying healthy at work is important, because not everybody has the ability to take ample time off to make a full recovery.  Moreover, your well-being affects how you do on the job.  Here are a few things you can do at work to ensure you are your best self, both physically and mentally.

Exercise During Your Lunch Break

It’s important to fit exercise into your routine, especially when you’re sedentary the entire day.  Remaining inactive is bad for your overall health and also leads to weight gain.  So instead of going to the fast food drive-through at lunch, strap on your running shoes and exercise at a nearby park or gym.  Then indulge in something healthy like fruit or a protein bar.

Work on Your Posture

Improving your posture can reduce pain in your shoulders and lower back, and minimize eyestrain.  Adjust your chair and monitor so that your eyes are level with your computer screen, and make sure to sit up straight and all the way back in your seat.  Your keyboard should be at a proper height that allows your wrists to lie straight.  Finally, it’s important to get up and walk around from time to time.

Bring Healthy Snacks to Work

Instead of relying on the vending machine in the break room to provide you with nourishment, bring your own healthy snacks to work.  Fruits, vegetables, whole-grains, and yogurts are all great ideas.  Snacking throughout the day will help you to resist the urge to overeat at lunch, and will also keep you alert.  It’s equally important to drink lots of water – bringing along a water bottle will prevent countless trips to the water cooler.  Although if you’re looking for an extra reason to get up and walk around, the water cooler isn’t a bad idea either.

Keep a Clean Working Space

When you get bogged down in clutter you often get stressed out.  Alleviate this by keeping a clean, organized desk.  Doing so will also reduce the amount of dust and food particles that build up over time, which can often draw pests to the scene.

Request Flexible Hours

Try to work with your boss on devising a schedule that works for both of you.  If you have kids, try to work around getting them to school and their various extracurricular activities.  If you aren’t able to function in the morning, find out if it’s possible to come in a bit later.  Working during hours that fit with your schedule is important for your stress levels and mental well-being.

Living a healthier life at the office is important because you spend so much time there.  Consider these helpful tips and improve your health both at work and outside of it.

Until next time,

The Doostang Team

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Doostang Success — My Go-To Place for Jobs

Wilson

University of Western Ontario, 2006
Senior Product Associate – PIMCO

Doostang is the only job site that posts legitimate jobs at investment banks / hedge funds, and doesn’t have the finance section of the job board get cluttered with no base salary, cash equity broker jobs.

I found my old job at J.P. Morgan via Doostang and also found my new job at PIMCO via Doostang.

This is definitely my go-to place for a job!”


Did you get a job through Doostang? Share your Doostang success story and get a $500 Signing Bonus from Doostang!

Here’s a small sample of the great jobs you’ll find on Doostang:

Associate – Premier Boutique Private Equity Firm, Birmingham, AL

Jr. Sales Associate – Premier Primary Research Firm, New York, NY

Banking Administrator – Boutique Investment Banking Firm, San Francisco, CA

Compliance Analyst – One of the largest securities firms, Greenwich, CT

Investment Strategy Group Analyst – Top Global Independent Asset Management Firm, New York, NY

Search jobs on Doostang

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