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
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Brand Strategist, New York, NY
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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 — Investment Banking Analyst Job that I Had Been Searching For

Jesse

University at Albany, State University of New York, 2007
Investment Banking Analyst – BB&T Capital Markets | Windsor Group

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Venture Capital Associate (Pre-MBA) – Expansion-Stage Venture Capital Fund, Boston, MA

Business Analyst – Leading Digital Strategy, Design & Development Agency, New York, NY

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Search jobs on Doostang

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Doostang Success — An Investment Banking Analyst Position in New York

Donglin
University of Redlands, 2009
Investment Banking Analyst – Galileo Global Advisors

“I graduated from University of Redlands in 2009 with a BS in Global Business and minors in Economics and Mathematics. I spent my junior year at the London School of Economics. I was also a visiting student at Harvard University during half of my senior year.

I will be working for a company called Galileo Global Advisors based in Rockefeller center as an Investment Banking Analyst.

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During my job searching process, I had to overcame three challenges:

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(3) applying to investment banking jobs in New York as a graduate from a small liberal arts school on the west coast

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Share your Doostang success story and get a
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Happy Job Searching!

The Doostang Team

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Doostang Success — A Newly Created Venture Capital Associate Job

Phil
UPenn 2002, NYU Stern 2007
Venture Capital Associate – Kaplan, Inc

“I found my current Venture Capital Associate position at Kaplan, Inc.’s newly created venture capital investing subsidiary through Doostang.

I was previously an investment banker, and Doostang was more helpful in facilitating the traditionally difficult transition from the ‘sell side’ to the ‘buy side’ of finance than any recruiters I worked with, other websites, or even my personal networking efforts.

Fundamentally, Doostang did a better job of (1) posting only high-quality jobs, (2) enabling me to search regularly (through saved searches) on key terms, and (3) providing a clean application interface than any other resource I leveraged in my job search.”


Phil is the latest user to get hired, share her story, and receive a signing bonus from Doostang. Share your Doostang success story and get a $500 Signing Bonus from Doostang!


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The Doostang Team

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Doostang New Jobs This Week: August 23 – 29

Doostang has thousands of highly sought after positions at companies like Google, Goldman Sachs, Bain Capital, Kohlberg Kravis & Roberts, Summit Partners, Time Warner, Facebook, and more. Looking to get ahead in your job search? Be the first to apply to these exceptional NEW jobs just posted on Doostang.


Investment Banking Analyst, Boston, MA – Bulge-Bracket Investment Bank seeks Investment Banking Analyst.


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Private Equity Associate/Analyst, Darien, CT – Cutting Edge Investment Firm seeks Private Equity Associate/Analyst.

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