Finance is a lucrative industry that offers many career growth and advancement opportunities. 

With the increasing importance of financial management in businesses, finance jobs have become one of the most in-demand jobs worldwide. 

However, entering the finance industry can be daunting, especially for fresh graduates or those with limited experience. 

In this article, we will discuss seven entry-level finance jobs and provide insights on how to get one. Seven Finance Entry-level jobs are as follows:

7 Finance Entry-Level Jobs

Financial Analyst

Financial analysts are responsible for analysing financial data and providing recommendations to companies and individuals. They evaluate investment opportunities, track financial performance, and assess risks. Financial analysts are required to have a solid understanding of financial instruments, markets, and accounting principles. They also need to have excellent analytical, communication, and problem-solving skills.

To become a financial analyst, you need a bachelor's degree in finance, accounting, economics, or a related field. Many employers prefer candidates with a master's degree in finance or an MBA. Professional certifications such as Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) are also highly valued.

The average salary for a financial analyst is around $60,000 per year, with entry-level salaries ranging from $45,000 to $55,000 per year. The job scope of a financial analyst can vary depending on the company, but generally, they are responsible for the following:

• Collecting and analysing financial data
• Preparing financial reports and presentations
• Conducting market research and industry analysis
• Developing financial models and forecasting future trends
• Making investment recommendations and providing advice to clients

Accounting Clerk

Accounting clerks are responsible for maintaining financial records and performing basic accounting tasks such as preparing invoices, processing payments, and reconciling bank statements. They work closely with accountants and other financial professionals to ensure that financial transactions are recorded accurately and timely.

It would help if you had a high school diploma or equivalent to become an accounting clerk. Some employers prefer candidates with associate degrees in accounting or a related field. Basic knowledge of accounting principles and computer skills are also essential.

The average salary for an accounting clerk is around $35,000 per year, with entry-level salaries ranging from $25,000 to $30,000 per year. The job scope of an accounting clerk can vary depending on the company, but generally, they are responsible for the following:

• Recording financial transactions
• Generating invoices and processing payments
• Reconciling bank statements
• Maintaining financial records and databases
• Assisting with budget preparation and financial reporting

Loan Officer

Loan officers are responsible for evaluating loan applications and determining whether applicants qualify for loans. They assess creditworthiness, review financial statements, and recommend loan terms and conditions. Loan officers work in banks, credit unions, or other financial institutions.

To become a loan officer, you need a bachelor's degree in finance, economics, or a related field. Some employers prefer candidates with sales experience or a background in customer service. Loan officers must have excellent communication, interpersonal, and analytical skills.

The average salary for a loan officer is around $50,000 per year, with entry-level salaries ranging from $35,000 to $45,000 per year. The job scope of a loan officer can vary depending on the company, but generally, they are responsible for the following:

• Evaluating loan applications
• Assessing creditworthiness and risk
• Recommending loan terms and conditions
• Developing and maintaining relationships with clients
• Ensuring compliance with lending regulations

Investment Banking Analyst

Investment banking analysts analyse financial data, conduct market research, and develop financial models to support investment decisions. They work in investment banks, private equity firms, or hedge funds. Investment banking analysts work long hours and are expected to be highly analytical, detail-oriented, and able to work under pressure

.To become an investment banking analyst, you need a bachelor's degree in finance, economics, or a related field. Many employers prefer candidates with a master's degree in finance, accounting, or business administration. Strong analytical and quantitative skills, as well as proficiency in Excel and financial modelling, are essential.

The average salary for an investment banking analyst is around $80,000 per year, with entry-level salaries ranging from $60,000 to $70,000 per year. The job scope of an investment banking analyst can vary depending on the company, but generally, they are responsible for:

• Conducting financial analysis and market research
• Developing financial models and valuations
• Preparing pitch books and presentations
• Participating in client meetings and negotiations
• Assisting with deal execution and due diligence

Financial Planner

Financial planners are responsible for helping individuals and businesses achieve their financial goals. They assess clients' financial situations, develop financial plans, and advise on investments, retirement planning, and risk management. Financial planners work in financial planning firms, banks, insurance companies, or independent practices.

To become a financial planner, you need a bachelor's degree in finance, accounting, or a related field. Professional certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) are highly valued. Excellent communication, interpersonal, and sales skills are essential.

The average salary for a financial planner is around $70,000 per year, with entry-level salaries ranging from $50,000 to $60,000 per year. The job scope of a financial planner can vary depending on the company, but generally, they are responsible for the following:

• Assessing clients' financial situations and goals
• Developing financial plans and strategies
• Providing advice on investments, retirement planning, and risk management
• Educating clients on financial matters and products
• Monitoring and adjusting financial plans as needed

Credit Analyst

Credit analysts are responsible for assessing credit risk and determining credit worthiness of individuals or businesses. They evaluate financial statements, credit reports, and other financial data to make lending decisions. Credit analysts work in banks, credit unions, or other financial institutions.

To become a credit analyst, you need a bachelor's degree in finance, economics, or a related field. Some employers prefer candidates with experience in underwriting or risk management. Strong analytical and communication skills are essential.

The average salary for a credit analyst is around $60,000 per year, with entry-level salaries ranging from $40,000 to $50,000 per year. The job scope of a credit analyst can vary depending on the company, but generally, they are responsible for the following:

• Evaluating creditworthiness and risk
• Analysing financial statements and credit reports
• Recommending loan terms and conditions
• Developing and maintaining relationships with clients
• Ensuring compliance with lending regulations

Financial Operations Associate

Financial operations associates manage financial operations and processes, such as accounts payable, accounts receivable, and payroll. They work in the financial departments of companies in various industries.

To become a financial operations associate, you need a bachelor's degree in finance, accounting, or a related field. Some employers prefer candidates with experience in financial operations or accounting. Excellent organisational and communication skills are essential.

The average salary for a financial operations associate is around $50,000 per year, with entry-level salaries ranging from $35,000 to $45,000 per year. The job scope of a financial operations associate can vary depending on the company, but generally, they are responsible for the following:

• Managing financial operations and processes
• Processing invoices and payments
• Reconciling accounts and preparing financial reports
• Assisting with budget preparation and financial forecasting
• Ensuring compliance with accounting regulations

How to Get an Entry-Level Job in Finance

• Network: Networking is one of the most effective ways to land an entry-level job in finance. Attend industry events, join finance-related groups on LinkedIn, and reach out to alumni from your school who work in the field. Networking can help you get referrals and learn about job opportunities that may need to be advertised.
• Build Relevant Skills: Build the necessary skills and knowledge by taking relevant courses, internships or working on finance-related projects. You can also take online courses, such as those offered by Coursera or Udemy, to learn specific financial modelling or data analysis skills. The more relevant skills and experience you have, the more likely you are to be considered for entry-level finance jobs.
• Research Companies: Research companies that interest you and learn about their culture, values, and job opportunities. Check their websites and social media platforms for job postings, and consider contacting their recruiters or HR departments. Understanding the company's goals and values can help you tailor your application and interview responses to better match the company's needs.
• Prepare a Strong Resume and Cover Letter: A strong resume and cover letter are essential when applying for entry-level finance jobs. Tailor your resume and cover letter to each job you apply for and highlight your relevant skills and experiences. Use keywords and phrases from the job posting to show you are a good fit.
• Ace the Interview: Once you get an interview, prepare thoroughly by researching the company, the position, and the interviewer. Practice answering common interview questions and prepare some of your questions to ask during the interview. Dress professionally and be on time for the interview.
• Be Patient and Persistent: Landing an entry-level finance job may take some time, but keep going. Keep applying, networking, and building your skills and knowledge. Persistence is key to landing the job you want.

Finance is a dynamic and rewarding field that offers many opportunities for entry-level professionals. 

Whether you are interested in accounting, investment banking, financial planning, or another area of finance, there are many entry-level jobs available. 

To increase your chances of landing a job, network, build relevant skills, research companies, prepare a strong resume and cover letter, ace the interview, and be patient and persistent. 

With hard work and dedication, you can start your career in finance and achieve your professional goals.