The finance sector is a lucrative, dynamic, and essential component of any economy. If you have a knack for numbers, analysis, and are passionate about business, you may consider starting a career in this industry. In this blog post, we’re highlighting 10 entry-level jobs in finance, complete with descriptions, average wages (as of 2023), as well as benefits and drawbacks for each role.
1. Financial Analyst
Financial Analysts evaluate financial data, track economic trends, and make recommendations based on their findings. The average starting salary is around $57,000 per year.
Benefits: High visibility, broad exposure to business operations, and strong potential for career advancement.
Drawbacks: Long hours, high stress levels, and intense scrutiny on accuracy of reports.
2. Credit Analyst
Credit Analysts assess the creditworthiness of individuals or businesses applying for loans. The average starting salary is around $48,000 per year.
Benefits: Offers valuable experience in risk assessment, important in any future finance role.
Drawbacks: Stressful decision-making process, and limited creativity.
3. Junior Tax Associate
Junior Tax Associates help clients prepare their tax returns and understand tax regulations. The average starting salary is about $52,000 per year.
Benefits: Stable demand for tax services, and a great foundation for specializing in tax law or accounting.
Drawbacks: Tax season can be extremely busy and stressful. Keeping up with frequently changing tax laws can be challenging.
4. Financial Auditor
Financial Auditors review financial statements to ensure their accuracy. The average starting salary is around $55,000 per year.
Benefits: Exposure to a wide variety of industries and the potential for travel.
Drawbacks: High levels of responsibility and long hours during audit season.
Read Here More About 10 Entry-Level Jobs in Finance: Your Gateway to the World of Money
