Entry Level Finance Jobs: Top 21+ for Newbies and Professionals

entry-level-finance-jobs
entry-level-finance-jobs

Finance is a very competitive career field. This is due to its high-paying nature. Oftentimes, employees in the finance sector earn up to six or seven figures for the profession.

Even those at the bottom of the pyramid can expect to earn a good amount as an entry-level salary compared to other career fields.

The truth is, you may not land your dream job immediately. But, since its the finance industry, there’s enough opportunity for you to explore as you climb your way up.

The first step is to by taking an entry-level finance job. Although you don’t need to study at an Ivy league school, a basic undergraduate degree is required.

Find out more entry level finance jobs as you read through this article.

Entry Level Finance Jobs

Entry-level jobs are jobs that require little professional work experience and pave the way for larger, career-related opportunities.

These positions typically indicate that the employer is searching for a young professional with some prior experience, such as an internship, but not necessarily anyone with full-time experience.

Finance can be a difficult sector to venture into. After all, it is a well-known high-paying industry, with its top executives earning in six or seven figures annually.

One of the distinguishing features of entry-level finance jobs is that they provide essential training and experience.

As a result, you will frequently be exposed to numerous areas of your chosen sector while also being asked to work on activities that will help you learn more about the role and the field.

Although some of these duties may be tedious, many will be thrilling, providing you with the opportunity to broaden your skill set and learn as much as possible along the way.

Entry level finance jobs are excellent places to begin your career. With the right talents and a little research, you’ll be able to find work in the financial sector in no time.

READ MORE: Senior Accountant: Overview, Salary, Job Description, Jobs

Remote Finance Jobs

Our world has developed to the point where most jobs can be completed in the comfort of our own homes and at a time that is convenient for us.

Individuals considering entry-level finance jobs should also consider being involved in remote jobs as they intend to take them.

Remote jobs are becoming more popular. While working from the outside of a corporate office has been possible for a few decades, it is only now that it is becoming more common.

You’ve probably heard the statement “I’m working remotely now!” thrown about in casual conversation or “I’ve been able to travel while keeping my job!” You agree as you hear these people laud the flexibility of their lifestyles and the benefits they’ve experienced in their professional lives as a result of being able to work remotely, but you still have a few questions.

Remote finance jobs are jobs style that enables professionals to work outside of a regular office setting. It is founded on the idea that work does not have to be done at a certain location in order to be completed successfully.

For instance, instead of going to an office every day to work from a designated workstation, remote employees can complete tasks and exceed targets from anywhere they want.

Individuals rooting for entry-level finance jobs have the freedom to plan their days in such a way that both their work and personal life can be lived to the maximum and coexist peacefully.

Some employees can work remotely for the bulk of the week but must commute to in-person meetings at the office one day a week.

On a typical day, these remote employees operate from home offices or local cafés, with the option of working from their company’s office as necessary.

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Benefits of Remote Finance Jobs

Remote Finance Jobs have the following work benefits:

  • Flexible Lifestyle:

The most obvious reason for why people want to work remotely is because it offers them a more flexible lifestyle.

  • Better Health And Wellness

Remote employees are notably less stressed and have higher morale than their in-office counterparts.

  • Renewed passion for their job

Remote employees tend to do their best work outside of the office.

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Accountant and Finance Jobs

According to Investopedia, accounting is “the activity of recording financial transactions relevant to a business.”  It went further to state that “this procedure includes assessing and reporting these transactions to oversight authorities, regulators, and tax collection entities.”

Accounting, for example, is the tracking of the number of transactions made, revenue generated, associated expenditures, and profit earned in a restaurant. Another type of accounting is keeping track of educational expenditures and teacher pay in a school.

Accounting entails more than merely recording purchases and expenses. Throughout the accounting process, capital and assets (how many valuable objects or how much material an organization has on hand) and liability (how much is due to other organizations) are also considered.

Accountants play an important role in this process because they navigate complex financial materials and provide analysis and insight to their clients, employers, and bigger organizations.

The following are the most prevalent accounting positions:

  • Bookkeeper
  • Finance Manager
  • Government Accountant
  • Certified Public Accountant (CPA)
  • Accounts Payable Specialist
  • Internal Auditors
  • Tax Accountant
  • Forensic Accountant
  • Public Accountant
  • Budget Analyst

READ MORE: Fund Accounting: definition, basics, salary, jobs (+ Quick Guide).

Finance Jobs

Financial accounting jobs are jobs that require an experienced financial accountant to monitor all financial data and prepare accurate statements for a company, organization or firm.

Financial Accounting jobs require several responsibilities which include budgeting, managing tax payments, and performing internal audits.  

A financial accountant would act as a consultant for senior managers, conducting cost and revenue analyses.

To be qualified for this role, interested individuals should have a degree in accounting and relevant work experience. Other responsibilities of a financial accountant include:

  • Gather and monitor financial data (e.g. sales revenues and liabilities)
  • Prepare monthly, quarterly and annual statements (balance sheets and income statements)
  • Forecast costs and revenues
  • Manage tax payments
  • Organize internal audits
  • Prepare budgets (for the entire company and by department)
  • Monitor and report on accounting discrepancies
  • Conduct detailed risk analyses to assess potential investments
  • Analyze financial trends
  • Perform month-end and year-end close processes

The following are examples of financial accounting jobs:

  • Corporate finance
  • Financial planning and advising
  • Banking
  • Accounting
  • Investment
  • Insurance

READ MORE: MASTERS IN FINANCE PROGRAM: Syllabus, Jobs, Degrees & Top Picks

Best Paying Entry-level Finance Jobs in Consumer Services           

Finance is one of the highest-paying sectors in the US economy, and the industry attracts a large number of job seekers for this reason.

Financial managers, for example, earn a median annual salary of $127,990, and employment for financial managers is expected to grow 19 percent between 2016 and 2026, higher than the average for all occupations, according to the Bureau of Labor Statistics.

While careers in finance can involve lengthy hours and long days at the office at the start, individuals who stick with IT are rewarded with higher compensation and typically shorter hours as they advance in the field.

Here is the list of the best-paying Financial Consumer Services:

#1. Computer support specialist

With an entry-level salary of $48,790. The median salary is 84,280, and the top 10% earn more. Computer programmers convert ideas, which are frequently generated by developers and software engineers, into working programs.

As a computer programmer, you will need to understand computer languages such as C +, Java, and others.

However, there is one problem with this technology career. According to the BLS, the job outlook for computer programmers is anticipated to fall by 7% between 2018 and 2028. With approximately 250 000 total positions, IT can still be a terrific entry-level career, but possibilities may be limited in the next ten years.

READ MORE: FINANCE JOBS: Best Of Finance Job 2021 {updated}

#2. Financial clerk

Financial clerks must update and keep financial records and it is important that those records are accurate. These clerks can also assist companies with their employees ‘ payroll as well as help with customer billing and any invoice or payment questions they have.

#3. Information clerk

Keep and update financial records Calculate bills and charges Offer customer assistance Carry out financial transactions Financial clerks ‘ job duties vary by specialty and by setting.

Billing and posting clerks calculate charges and generate bills, which they then prepare to mail to customers.

They review documents such as purchase orders, sales tickets, charge slips, and hospital records to calculate fees or charges due. They also contact customers to get or give account information

#4. Insurance sales agent

Although much of the individual insurance industry has moved online, there is still a robust field for more traditional insurance sales agents, especially for corporate and commercial clients.

You’d be in charge of building and managing your own customer base, contacting potential clients, and explaining the financial services you offer, such as property, casualty, life, health, and long-term care insurance.

Agents can specialize in one of these products or work as generalists and sell a range of products.

READ MORE: Tax Accountant: Overview, Job description, Jobs (+ Quick Tips)

How do I start working in the finance industry?

A bachelor’s degree in business, finance, or a closely related discipline is typically required for entry-level positions in this industry. Financial analysis, financial reporting, and forecasting are among the topics that are frequently included in degree programs in finance, along with topics like accounting, microeconomics, and macroeconomics.

What are the 4 Career Pathways in finance?

The four job paths in the finance cluster are financial and investment planning, business financial management, insurance services, and banking and related services.

What is the least stressful job in finance?

Accounting: Accounting consistently came in last on the ballots, although Cohen claimed that it is “essentially stress-free as long as you appreciate regularity and are willing to work long hours on a seasonal basis.” You never work alone and there isn’t much client contact.

Is a career in finance worth it?

Jobs requiring a degree in finance can offer comparatively high salaries, security, prospects for growth, and steady demand forecasts. The ability to work remotely or in hybrid environments is another way that careers in finance may give workers freedom.

How stressful is a career in finance?

There are disadvantages to working in finance, just like in any other industry. High levels of stress, significant responsibilities, lengthy workdays, the need for ongoing education, and, in some situations, a lack of job security may be among them. The banking sector is typically extremely cyclical.

Is it hard to get a job in finance?

Although an MBA is not a requirement for employment in finance, the profession is quite competitive, particularly at the entry level. Internships provide you visibility, experience, and a shot at a full-time position.

Is finance a hard degree?

It can be challenging to major in finance. It is significantly harder than other liberal arts majors, including history and philosophy, but not as difficult as degrees in “STEM” fields, which stand for science, technology, engineering, and math.

Entry-Level Finance Jobs in Boston

The U.S. Bureau of Labor Statistics reported that Boston’s employment rate as of May 2021 increased by about 10.6%.

Opportunities in Boston are beginning to increase after the coronavirus pandemic.  There are several entry-level finance jobs in Boston that can be applied for and they include:

  • Associate Financial Analyst
  • Financial Management Program
  • Private wealth associate                    
  • Investment reporting analyst
  • Trust entry-level recruiting associate
  • Financial market info and data analytics associate
  • Commercial real estate analyst
  • Analyst portfolio retention
  • Underwriting account representative
  • Catastrophe risk management co-op
  • Finance services technician
  • Portfolio administration coordination

Bottom line

I hope this article explains to you all you need to know about entry-level finance jobs. If you have any questions or suggestions, kindly let me know in the comments section.

All the best!

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