In April 2016, the unemployment rate for workers in Accounting and finance was estimated to be 2.5 percent. The financial institutions and firms are highly competitive. Lately more and more students are moving towards pursuing a career in finance because it pays well. However, they tend to forget that it is hard earned money which doesn’t come easily. Financial jobs require mental exertion and you must be ready to put in the hard work. The largest industry share of finance employees is between 25-35 years old which means that organizations are looking for fresh minds however, the competition is very tough. You must know some tricks and tips on how to look for entry level finance jobs and to blow away the competition.
With social media on the rise, the world has become a social community. Networking in today’s world is not a problem and is considered a great strength of the employee. Social media platforms like Linked in, Facebook or Twitter has made it fairly simple to expand your social and professional network. You could also strategically reach out to fellow alumni and have them answer your job related queries such as what skills are the organizations looking for. College networking events also play a huge role in getting the seniors to communicate and gather information from successful alumni’s. Remember to thank your contact for their help because being gracious and professional leaves a good impression.
- Recruitment and internship programs
Many financial organizations, such as Delloitte and Wells Frago, have internships, recruitment drives and placement programs for undergraduate students. Having an internship experience during freshman or sophomore year helps you prepare yourself for the future and lets you understand what the organizational structure and environment of the business are. Internships usually help you how to look for entry level finance jobs.
- Global skills
Having Global skills gives you an edge over other candidates applying for the job. Many financial firms have branches and offices in different countries. Taking language classes or being part of student exchange programs help you attain global skills and improve your interpersonal skills which are extremely useful when you’re communicating with international clients hence, it’s a major strength that organizations look for in new employees.
- Less prominent entry-level finance jobs
Those new to the finance world, usually apply for investment banking entry level jobs even though there are a lot of various opportunities out there waiting for you. At entry level one should look for positions in corporate finance such as job roles in budgeting, forecasting and advisory for cost and accounting, taxation services etc.
- Personal Growth
Most of the students opt for big organizations without realizing the fact that the big firms and companies only hire a handful of the talent. Students should expand their job search and apply mid-sized and small organizations as well because they give freshies more responsibilities as opposed to larger companies which is a better learning prospect for an entry level professional.