Are you a recent finance graduate looking to kick start your career? The finance industry has a plethora of opportunities for entry-level candidates, but it can be overwhelming to determine where to begin. That’s where we come in! In this comprehensive guide, we have researched and compiled a list of the top 10 entry level finance jobs in the USA for 2023. These jobs offer exciting opportunities for growth and development, with competitive salaries and benefits.

From financial analysts to investment banking associates, we’ve got you covered. We’ll provide an overview of each job, including required qualifications, skills, and responsibilities. Additionally, we’ll share insights on industry trends and growth prospects to help you make an informed decision about your career path. So, let’s dive in and explore the top 10 entry level finance jobs for 2023!

Benefits of pursuing a career in finance

A career in finance offers numerous benefits, including job security, competitive salaries, and opportunities for growth and development. The finance industry is constantly evolving, and there is always a need for skilled professionals who can navigate the complex world of finance. Additionally, finance professionals are in high demand across a range of industries, from banking and investment to healthcare and technology.

This means that individuals with a finance background have the versatility to work in a variety of roles, making it an attractive career choice for many.

Moreover, a career in finance offers the opportunity to work with numbers and data, which can be both challenging and rewarding. Finance professionals are responsible for analyzing financial data, identifying trends and patterns, and making informed decisions based on their findings. This requires strong analytical skills, attention to detail, and the ability to work well under pressure. Additionally, finance professionals work in a fast-paced environment, where they must be able to adapt quickly to changing market conditions and economic trends.

Entry level finance jobs in the USA

1. Financial Analyst

Financial analysts are responsible for analyzing financial data and providing insights to help companies make informed business decisions. They work with financial statements, market trends, and economic indicators to identify potential risks and opportunities for growth. Financial analysts typically work in banking, investment, or corporate finance, and require strong analytical skills and attention to detail.

To become a financial analyst, you typically need a bachelor’s degree in finance, accounting, or a related field. Many financial analysts also hold relevant certifications, such as the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP). The median salary for financial analysts in the USA is $83,660 per year, with job growth projected at 5% between 2019 and 2029.

2. Accounting Clerk

Accounting clerks are responsible for recording financial transactions, maintaining financial records, and preparing financial reports. They work in a variety of industries, including healthcare, government, and retail, and require strong attention to detail and organizational skills.

To become an accounting clerk, you typically need a high school diploma or equivalent, although some employers may prefer candidates with an associate’s degree in accounting or a related field. The median salary for accounting clerks in the USA is $42,410 per year, with job growth projected at 4% between 2019 and 2029.

3. Financial Planner

Financial planners are responsible for helping individuals and businesses achieve their financial goals. They work with clients to assess their financial situation, develop a financial plan, and provide ongoing advice and support. Financial planners typically work in investment, insurance, or financial planning firms, and require strong communication and interpersonal skills.

To become a financial planner, you typically need a bachelor’s degree in finance, accounting, or a related field, as well as relevant certifications such as the Certified Financial Planner (CFP) or Chartered Financial Consultant (ChFC). The median salary for financial planners in the USA is $89,160 per year, with job growth projected at 4% between 2019 and 2029.

4. Investment Banker

Investment bankers are responsible for helping companies raise capital through the issuance of stocks, bonds, and other securities. They work in investment banking firms, and require strong analytical, communication, and interpersonal skills.

To become an investment banker, you typically need a bachelor’s degree in finance, accounting, or a related field, as well as relevant certifications such as the Chartered Financial Analyst (CFA) or Series 7 license. The median salary for investment bankers in the USA is $96,000 per year, with job growth projected at 10% between 2019 and 2029.

5. Loan Officer

Loan officers are responsible for evaluating loan applications and determining whether to approve or deny them. They work in banks, credit unions, and other financial institutions, and require strong communication, interpersonal, and analytical skills.

To become a loan officer, you typically need a high school diploma or equivalent, although some employers may prefer candidates with a bachelor’s degree in finance, accounting, or a related field. The median salary for loan officers in the USA is $63,270 per year, with job growth projected at 3% between 2019 and 2029.

6. Actuary

Actuaries are responsible for assessing and managing risk in the insurance industry. They use statistical models and data analysis to calculate the likelihood of future events, such as accidents or natural disasters, and determine the appropriate premiums to charge customers. Actuaries typically work in insurance firms, and require strong analytical, communication, and interpersonal skills.

To become an actuary, you typically need a bachelor’s degree in actuarial science, mathematics, or a related field, as well as relevant certifications such as the Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA). The median salary for actuaries in the USA is $108,350 per year, with job growth projected at 18% between 2019 and 2029.

7. Budget Analyst

Budget analysts are responsible for developing and managing budgets for businesses and other organizations. They work in a variety of industries, including government, healthcare, and education, and require strong analytical and communication skills.

To become a budget analyst, you typically need a bachelor’s degree in finance, accounting, or a related field, as well as relevant certifications such as the Certified Government Financial Manager (CGFM). The median salary for budget analysts in the USA is $78,970 per year, with job growth projected at 3% between 2019 and 2029.

8. Financial Operations Specialist

Financial operations specialists are responsible for managing financial transactions and ensuring that they are accurate and compliant with relevant regulations. They work in a variety of industries, including banking, insurance, and healthcare, and require strong analytical and communication skills.

To become a financial operations specialist, you typically need a bachelor’s degree in finance, accounting, or a related field, as well as relevant certifications such as the Certified Treasury Professional (CTP) or Certified Public Accountant (CPA). The median salary for financial operations specialists in the USA is $70,280 per year, with job growth projected at 5% between 2019 and 2029.

9. Tax Examiner

Tax examiners are responsible for reviewing tax returns and ensuring that they are accurate and compliant with relevant regulations. They work for government agencies, and require strong analytical and communication skills.

To become a tax examiner, you typically need a bachelor’s degree in accounting, finance, or a related field, as well as relevant certifications such as the Enrolled Agent (EA) or Certified Public Accountant (CPA). The median salary for tax examiners in the USA is $54,890 per year, with job growth projected at 4% between 2019 and 2029.

10. Financial Manager

Financial managers are responsible for overseeing the financial operations of businesses and organizations. They develop financial strategies, manage budgets, and provide financial advice to senior executives. Financial managers typically work in a variety of industries, including banking, healthcare, and government, and require strong analytical, communication, and leadership skills.

To become a financial manager, you typically need a bachelor’s degree in finance, accounting, or a related field, as well as relevant certifications such as the Chartered Financial Analyst (CFA) or Certified Treasury Professional (CTP). The median salary for financial managers in the USA is $134,180 per year, with job growth projected at 15% between 2019 and 2029.

Education and skills required for these jobs

The education and skills required for entry level finance jobs vary depending on the specific role. However, most finance degree jobs require a bachelor’s degree in finance, accounting, or a related field, as well as relevant certifications. Additionally, strong analytical, communication, and interpersonal skills are essential for success in the finance industry.

To excel in a finance role, you should have a strong understanding of financial concepts, such as financial statements, budgeting, and taxation. You should also be comfortable working with numbers and data, and have the ability to analyze and interpret financial information. Furthermore, you should have strong communication and interpersonal skills, as finance professionals often work in teams and must be able to communicate complex financial information to non-finance stakeholders.

Top companies hiring for entry level finance jobs in the USA

There are many companies and organizations that hire entry-level finance professionals in the USA. Some of the top employers in the finance industry include J.P. Morgan Chase, Goldman Sachs, Bank of America, Wells Fargo, and PwC. Additionally, there are opportunities for entry-level finance professionals in a variety of industries, including healthcare, technology, and government.

When searching for entry level finance jobs, it’s important to research potential employers and determine which companies align with your career goals and values. Additionally, networking and seeking mentorship can be helpful in finding and securing job opportunities in the finance industry.

Conclusion

The finance industry offers a wealth of opportunities for entry-level professionals, with a range of roles and industries to choose from. Whether you’re interested in financial analysis, investment banking, or financial planning, there is a finance job out there for you. By understanding the required education and skill set, researching potential employers, and networking with professionals in the industry, you can set yourself up for a successful career in finance. So, what are you waiting for? Start exploring the top 10 entry level finance jobs for 2023 and take the first step towards a rewarding career in finance.

Some of the frequently asked questions include:

1. What are the top 10 entry-level finance jobs in the USA in 2023?
2. Which finance jobs in the USA are suitable for individuals with little to no experience?
3. How has the finance job market evolved in the USA since 2020?
4. What skills and qualifications are required for entry-level finance positions in 2023?
5. Are there any emerging finance job roles that are expected to be in high demand in the USA in 2023?