Finance Career Options - Career Services (2024)

What is finance?

Finance is the management of money which includes investing, borrowing, lending, budgeting, saving and forecasting. There are four main areas of finance: banks, institutions, public accounting and corporate.

What can I do with a major in finance?

Finance can be the most lucrative of all business careers, and the Mike Ilitch School of Business at Wayne State University is the perfect training ground. With myriad opportunities for internships, mentoring and career networking, our graduates land positions that run the gamut from financial planning and investment portfolio management to negotiating mergers and acquisitions, stock brokerage and more all the way up to the C-suite.

Students graduating with a major in finance continue to be in demand as job opportunities are expected to grow at a rate faster than average for all occupations. This will be due, in part, to a growing range of financial products, an aging population seeking financial planning advice and new regulations that will likely require more examiners.

Learn more about undergraduate and graduate finance programsoffered at the Mike Ilitch School of Business.

Areas of finance

Traditional career titles

Entry-level titles in finance

Top industries in finance

  • Stockbroker
  • Budget analyst
  • Credit analyst
  • Financial analyst
  • Financial planner
  • Investment banker
  • Financial auditor
  • Financial analyst
  • Personal financial advisor
  • Investment banking analyst
  • Junior tax associate/accountant
  • Banking
  • Insurance
  • Investment Banking
  • Personal financial planning
  • Corporate and public finance

Guide to internships and full-time employment

Career fair

Career fairs are held each year for all business school students and alumni. Take advantage of this opportunity to meet with employers for internships, co-op positions and full-time employment. Login toHandshaketo search for upcoming career fairs and make an appointment with Career Services for a resume review ahead of time!

Internships

  • Internships occur during the fall, winter and summer months. Students apply for internships throughout the year.
  • Recruiting for full-time employment typically occurs during the semester prior to a position's expected start date.
  • Browse the list of helpful resources on the back of this brochure, or apply directly on the company's website.

Quick prep tips

  1. Create your profile on Handshake.
  2. Submit your resume for review and approval on Handshake or schedule an appointment with a career advisor to review.
  3. Research potential internships and employers, apply for positions, and register for career fairs and other events.
  4. Meet with a career advisor for one-on-one guidance. Know your options! Research companies in accounting.
  5. Attend meet & greets, company presentations and career fair prep workshops, and mock interviews.
  6. Need help with professional attire? Make an appointment to check out the Mary Ann Goldsberry Professional Dress Closet located in Career Services, Suite 299.

Helpful Resources

Finance Career Options - Career Services (2024)

FAQs

Why did you choose finance as your career interview answer? ›

I chose finance as a specialization because it aligns with my interest in understanding market behaviors and economic patterns. Finance not only provides the tools to analyze and predict market trends but also equips me with the knowledge to make informed, strategic decisions that can benefit businesses and economies.

How to answer what are your career aspirations for finance? ›

Let us take a look at some example answers to the question 'What are your career aspirations?':
  • Example answer 1: Aligned with company values. ...
  • Example answer 2: Advancement within the field. ...
  • Example answer 3: Pursuing leadership opportunities. ...
  • Example answer 4: Combining passion and expertise.
Dec 20, 2023

What is the easiest finance job to get out of college? ›

There are several entry-level jobs you can get with a finance degree, depending on your area of study, type of degree, and experience. Junior tax accountant, stockbroker, personal finance advisor, banking assistant, and financial analyst are a few entry-level choices.

Why do people choose finance as a career? ›

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

What attracts you to a career in finance? ›

Lucrative compensation, job stability, intellectual challenges, and room for growth make finance an attractive and ever-evolving field for ambitious individuals looking to build a successful and impactful career.

How to answer why you want to work in financial services? ›

Example answers to this interview question

I enjoy overseeing company operations, coordinating with other employees, and assessing important client portfolios. I have been dedicated to financial services for many years, and believe that this position is the next logical step for me in my career.

How would you describe finance careers? ›

The job searching site, Indeed, defines finance as a field that, “… involves the management of money and how an individual, company, or government agency acquires and spends money. This field might include activities like investing, saving, borrowing, lending, and budgeting money.”

What is your career goal in finance? ›

A well-crafted career goal for a Financial Representative should include measurable targets for revenue growth and the development of business acumen. These goals drive performance and showcase your ability to not only manage but also grow a financial practice.

What is the least stressful job in finance? ›

Low-Stress Jobs in Finance
  • Financial Consultant.
  • Financial Analyst.
  • Accounting.
  • Portfolio Manager.
  • Personal Financial Advisor.
  • Internal Auditor.
  • Financial Planning & Analysis Manager.
  • Insurance Advisor (Risk Manager)
Dec 10, 2022

What jobs are good for introverts in finance? ›

25 business degree jobs for introverts
  • Accounts payable specialist. ...
  • Accountant. ...
  • Auditor. ...
  • Treasurer. ...
  • Data analyst. ...
  • Financial analyst. ...
  • Business analyst. ...
  • Financial controller.
Apr 18, 2024

How can I make $100 000 a year without a college degree? ›

9 jobs that pay $100K per year without a degree
  1. Information systems manager. ...
  2. Fire chief. ...
  3. Product manager. ...
  4. Senior engagement manager. ...
  5. Radiation therapist. ...
  6. Computer network architect. ...
  7. Senior real estate manager. ...
  8. Technical program manager.
Apr 18, 2024

Is finance a lot of math? ›

While each program will vary slightly, students earning a finance degree can expect to take a sizable amount of math classes. Finance degrees will often cover more basic mathematical concepts such as algebra and statistics, as well as more industry-specific math courses such as probability and business mathematics.

Which finance job pays the most? ›

Highest-paying finance jobs
  • Investment banker. ...
  • Hedge fund manager. ...
  • Financial analyst. ...
  • Information technology auditor. ...
  • Financial software developer. ...
  • Private equity associate. ...
  • Chief compliance officer. ...
  • Chief financial officer.
Apr 18, 2024

Why am I so interested in finance? ›

Many finance professionals love the scope and dynamic aspects of their jobs. They like being able to tap their technological know-how, methodical approaches to problem solving and deep understanding of how businesses work.

Why are you choosing a career as a financial professional? ›

Mention your passion for helping people

Financial advisors have significant responsibility because they can directly influence their clients' financial future. The passion for interacting with people and helping them with their financial goals is an ideal attribute that many employers seek.

Why did I choose finance specialization? ›

Global career opportunities: Explore diverse job prospects worldwide. Wide network growth: Build a strong professional network in the finance industry. Financial companies are growing: Benefit from the growth in the financial sector. Stable career choice: Enjoy stable and rewarding career opportunities.

Why should we hire you finance answers? ›

Sample answer 3:

I pursued an MBA in finance which has equipped me with technical knowledge and a strong foundation to qualify for this job. I understand the industry trends, and I believe I have the right acumen for this job. I'm keen to use my knowledge and gain some more.

Why did you decide to pursue a career in accounting finance? ›

I appreciate the structured, logical approach required in accounting, and I thrive on the challenge of navigating complex financial landscapes to find effective solutions. Moreover, this career path offers substantial opportunities for professional growth, stability, and the chance to work in various industries.

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