10 Best Entry level finance jobs and salary ranges for 2022-2023

Shape Image One
10 Best Entry level finance jobs and salary ranges for 2022-2023

What are the Best Entry Level Finance Jobs  

This is a great question, and we’re going to answer it now. With the number of jobs in this field increasing by almost 40% since 2006, it’s important to know how you can move your career into more promising territory. One place to start is by looking at the top entry-level finance jobs for 2022.

With the economy on the upswing, more and more people are getting back into banking or starting a new career in finance. Entry-level finance jobs are great for advancing your career if you know what to look for. The job market for finance jobs is projected to grow by four million by 2022.

Finance is a booming career at the moment. And, as technology changes so too does the way that it is applied in the finance industry. That makes this job market a great choice for anyone looking to get into financial services. People spend a lot of time talking about the best jobs for 2022.

However there often seems to be a bit of a disconnect between these discussions and the entry-level finance jobs available today. Here we look at 10 best entry level finance jobs that have a great outlook for employment growth in the coming years, but also provide excellent opportunities for career advancement even at an entry level.

10 best entry level finance jobs and their salary ranges

Actuary

Actuaries are the professionals who use their knowledge of mathematics and statistics to determine the likelihood of a specific event occurring. Actuaries work in insurance, finance and other industries to help companies assess the risk of an event. They use their findings to develop policies that minimize the cost of that risk.

Actuaries use mathematical and statistical analysis to help companies manage risk and maximize profits. They also advise companies on how to minimize risks and prevent losses.

An actuary’s main tasks are to determine the probability and likely cost of an event, such as death or accidents, and then create plans to reduce the expense associated with these events. A good actuary can expect a salary of $103,000 to $147,000 a year in 2022.

Blog Promotional Cta

Financial analyst

Financial analysts generate reports that help explain their recommendations, so written and verbal communication skills are essential. Financial analysts usually specialize in a particular industry or type of product, such as healthcare companies or government bonds. You’ll need to keep up with stock market trends, new investment products and regulations that affect your clients’ investments.

Financial analysts also perform research into general economic trends and advise clients on which investments will likely produce the highest returns based on those trends. They may also look at projected industry growth rates to determine where changes in supply and demand are likely to occur, and advise clients accordingly.

The average salary of a financial analyst is $85,500 a year in 2022.

Personal Financial Advisor

Personal financial advisors are the professionals that help clients with their finances. They help clients plan and manage their financial resources, including investments, bank accounts, savings accounts and insurance. Personal financial advisors can either work for a single company or they can be independent contractors.

A personal financial advisor can be an accountant, a lawyer or even a Certified Public Accountant (CPA). These professionals are usually hired by individuals who do not have enough time or money to manage their finances on their own. They also work with individuals who may not have the knowledge or expertise to handle the financial aspects of their lives.

In less than 10 years the job market for Personal Financial Advisors is expected to see a 30% increase. The median salary for a Financial Advisor in 2016 was $89,840 per year and the top 10% of advisors earned over $208k annually.

Budget Analyst

Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending. The role can be used to refer to both private sector budget analysts (who work primarily with individual businesses) and government budget analysts (who work primarily with government agencies). Both types of analysts are responsible for improving their clients’ economic efficiency.

Employment of budget analysts is projected to grow 7 percent from 2016 to 2026, about as fast as the average for all occupations. State and local governments, particularly, are expected to continue to seek ways to increase efficiency and control costs.

Budget analysts earned a median annual salary of $75,240 in 2022.

Budget analysts may work on a variety of tasks, including:

  • Budgeting – developing budgets for organizations; analyzing expenses and revenues; identifying variances between actual spending and expected spending
  • Financial statements – making balance sheets, income statements, cash flow statements and other financial reports that document an organization’s financial status
  • Financial planning – identifying future expenses and revenues; forecasting how much money will be needed in the future; finding ways to make operations more efficient
  • Taxes – preparing individual tax returns; preparing corporate taxes; advising clients on tax-related issues

Best Cma Training Institute In India

Credit Analyst

A Credit Analyst will review the credit worthiness of an individual or business to determine if they are a good candidate for a loan. They look at various factors such as income, debt, and the overall economy to determine how likely the borrower can be expected to repay the loan.

According to the Bureau of Labor Statistics, Credit Analysts can expect to see a growth in jobs of 11% by 2022.

Credit analyst earns a median annual salary of $58,839 in 2022.

Accountants

The role of the accountant has changed dramatically over the past few years. Accountants have moved from the back office to the front and center. They are now expected to be trusted business advisors, not just number crunchers. Demand for accounting services will continue as individuals, businesses, and governments require the expertise of accountants to prepare and examine financial records.

The growth of international business activity will also contribute to the demand for accounting services. Most accountants must earn a Certified Public Accounting license from their state’s board of accountancy.

Automation of routine tasks is freeing up time for accountants to focus on more strategic projects, such as improving internal processes, implementing new technology, or providing data-driven business insights. These changes have also been accompanied by a shift in the types of skills needed for a successful accounting career.

The highest 10 percent made more than $111,510 while the lowest 10 percent made less than $39,430.

Insurance Underwriter

Insurance underwriters are responsible for evaluating the risk and exposures of potential clients. They decide how much coverage the client should receive, how much they should pay for it, or whether even to accept the risk and insure them. Underwriters use their knowledge and experience to help build a company’s book of business.

Most underwriting professionals specialize in life and health insurance, property and casualty insurance, or reinsurance. Some underwriters also sell insurance or are involved with marketing.

Insurance underwriters generally work in offices but may travel to visit clients at their homes or places of business. They usually work during regular business hours from Monday through Friday, although some may work evenings or weekends to meet deadlines.

Insurance Underwriter earns a median annual salary of $77,400 in 2022.

Junior Tax Associate/Accountant

The Junior Tax Associate/Accountant provides support to the firm’s tax practice by preparing tax returns for clients, maintaining client records and assisting with audits. Duties include preparing tax forms, reviewing client files for accuracy and assisting with audits. The Junior Tax Associate/Accountant also assists with the preparation of tax returns for individuals and businesses.

The base salary for a Junior Tax Associate/Accountant is $40,000 per year. The average annual income of a Junior Tax Associate/Accountant is $60,000.

Insurance Claims Adjuster

Working as an insurance claims adjuster is a popular role for those looking to enter the insurance industry.

Claims adjusters focus on reviewing and settling property, casualty, health or life insurance claims by investigating damages or losses. They determine fault and liability, which is then used to determine how much money will be paid to the claimant. They also may help develop and implement new procedures, policies and claim processes.

The average Insurance Claims Adjuster’s salary in the United States is $70,921 as of 2022, but the range typically falls between $62,778 and $81,381. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and the number of years you have spent in your profession.

Investment Banking Analyst

Investment banking analysts specialize in the financial sector. If you’re an investment analyst, you often work on a team of investment bankers to assist with Financial Management such as mergers and acquisitions (M&As), securities underwriting, and securities trading.

Investment banking analysts are responsible for assisting senior-level investment bankers in the development of financial strategies, including preparing and analyzing financial reports and data, conducting research, and developing presentations and other documents.

Investment Banking Analyst earns a median annual salary of $70,000 in 2022.

Why NorthStar Academy?

NorthStar Academy makes it easy to acquire the skills needed for an in-demand career in Finance and Accounting. Our Finance and Accounting programs are taught by industry professionals who can help you learn the skills to prepare for a rewarding career.

No matter what you want to accomplish, NorthStar Academy has a program to match your interests, needs and schedule. Our classes are designed to fit your schedule, so whether you need full or part-time courses, we are here for you!

Are you still confused? Our counsellors will help you to clear your doubts, reach out to NorthStar Academy or contact us at +91 8147470707

FAQs

1. How do I start a career in finance with no experience?

Discover how to get expertise in financial careers in high demand. You can contact counsellors at NorthStar Academy to choose the professional courses according to your interests. We follow a unique methodology that combines classroom learning with on-the-job exposure to provide our students with the best possible experience as they embark on their journey in the financial services sector.

2. What is the highest-paying entry-level finance job?

Entry-level finance jobs in investment banking are called analyst positions. The starting salary for an entry-level investment banking job is around $85,000, but first year analysts can make anywhere from $40,000 to $100,000.

3. What is the highest-paid job in finance?

Some of the highest-paying jobs in the finance industry are:

  • Chief Financial Officer (CFO)
  • Operations Manager.Credit Controller.
  • Financial Analyst.
  • Finance Director.

Wrapping up

Starting off in your career can be tough, especially when the market is stressful and competitive. Fortunately, the finance and accounting industry has provided you with plenty of job opportunities which are both challenging and exciting.

These 10 best entry-level finance jobs will give you insight into how to kickstart your career in this environment, and how to choose the most suitable job for you, such as what skills or qualifications to have or what kind of job you should be looking for. If you’re trying to get a start in the business world then these jobs are right for you since they are all simple yet rewarding entry-level careers. You can consult a counsellor at NorthStar Academy to determine which professional courses are right for you.

Leave a Reply

Your email address will not be published. Required fields are marked *

    Let us know about your basic qualification

    Set your Professional Goals with us

    Everything is right here! Just fill this form.

      Let us know about your basic qualification

      How to scale up in a Finance Career CMA/CPA ? CMA USA vs CMA India: Which Course is Better in 2023? What Is CPA? Know The Benefits, Eligibility & Syllabus ACCA Syllabus And Papers – Guide to Approach ACCA Exam Why choosing the CMA USA in India? For Students and Professionals? ACCA Job Opportunities & Employers in India How to Pass ACCA Exams – Effective Last-minute Ways How to Become a CMA USA in Dubai, Qatar, and the Middle East: Guide CMA’s Salary in Dubai and the Middle East CMA Salary in India: Expert’s Guide CMA USA vs FRM: Which Is the Best Career Option? US CMA Exam: How much time do I need to study for Fully Prepared? Best CMA USA Online Classes in 2023 Complete Guide To Ace CMA Essays – Navigation Career options after B.Com Passing CMA Part 2: Guide to Cracking the CMA Exam Best career options after B.Com Complete Guide To Ace CMA Essays What are the career options after B.Com Who Is The Best CMA/CPA Mentor In The World ?