- Salaries of finance majors by position
- Salaries of finance majors by company
- Salaries of finance majors by region
- Salaries of finance majors by experience
- How much do finance majors make out of college?
- What do finance majors do after college?
- What are the career options for finance majors?
- What are the best companies to work for finance majors?
- What are the worst companies to work for finance majors?
- How to make the most out of a finance major
According to a recent study, the average starting salary for finance majors is $57,200. However, salaries can vary greatly depending on the specific field of finance you enter, your geographical location, and the size of the company you work for.
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Salaries of finance majors by position
entry-level salaries of finance majors by position.
Investment banking analyst: $85,000
Financial analyst: $76,000
Commercial banking: $67,500
Investment research associate: $62,500
Financial planner: $61,500
Budget analyst: $60,500
Personal financial advisor: $57,500
Salaries of finance majors by company
The median salary for a finance major right out of college is $60,000. The top 10% of earners in this field make an average of $85,000, while the bottom 10% make an average of $40,000. Salaries will vary depending on the company you work for, with the most prestigious companies offering the highest salaries.
Salaries of finance majors by region
Finance majors in the United States earn an average starting salary of $55,900 per year. Salaries vary by region, with finance majors in the Northeast earning an average of $59,600 per year, compared to those in the Southeast who earn $54,400 per year on average.
Salaries of finance majors by experience
Many students who major in finance wonder how much they can expect to make once they enter the workforce. While salaries vary depending on experience, there is some data available on the average salaries of finance majors at different levels of experience.
According to PayScale, the median salary for a finance major with 0-5 years of experience is $51,000. Salaries increase with experience, reaching a median of $85,000 for those with 20 or more years of experience.
Glassdoor provides similar data, showing that the median salary for a finance major with 0-5 years of experience is $54,000. The median salary goes up to $93,000 for those with 20 or more years of experience.
So, while salaries vary depending on factors such as experience and location, finance majors can expect to make a good salary out of college and see their incomes grow over time.
How much do finance majors make out of college?
There is no one-size-fits-all answer to this question, as salaries for finance majors can vary greatly depending on a number of factors, including experience, location, and industry. However, a recent survey by the National Association of Colleges and Employers (NACE) found that the median starting salary for finance majors was $57,000 per year.
What do finance majors do after college?
There are many different paths that finance majors can take after college. Some may choose to become financial analysts, working in the securities industry or at a bank. Others may choose to become certified public accountants (CPAs) or go into corporate finance. Some finance majors even go on to get their MBA and become investment bankers.
No matter what path finance majors take after college, they can rest assured that they will be in high demand. Finance is one of the most popular majors among employers, and finance majors are some of the highest-paid employees in the workforce.
What are the career options for finance majors?
There are many career options for finance majors, ranging from investment banking and financial planning to insurance and real estate. The salary you can expect to earn will depend on the specific field you choose to enter, but overall, finance majors tend to earn good salaries. Here is a look at some of the most popular career options for finance majors, along with the average salary you can expect to earn in each field.
Investment banking: Investment bankers are responsible for helping companies and governments raise capital by issuing and selling securities. They work in the securities industry. The average salary for an investment banker is $85,000 per year.
Financial planning: Financial planners help individuals and businesses save money and make sound investments. They work in the financial services industry. The average salary for a financial planner is $64,000 per year.
Insurance: Insurance agents sell insurance policies to businesses and individuals. They work in the insurance industry. The average salary for an insurance agent is $48,000 per year.
Real estate: Real estate agents help people buy and sell property. They work in the real estate industry. The average salary for a real estate agent is $47,000 per year
What are the best companies to work for finance majors?
There are a few different ways to measure this, but we looked at Glassdoor data to find the highest paying companies for finance majors right out of college. We looked at base pay, which is the starting salary for a role, and found the companies where finance majors reported earning the highest base pay on average.
The top company on our list is J.P. Morgan, which offers finance majors an average base pay of $85,856. This is almost $10,000 more than the next highest paying company on our list, Goldman Sachs.Other companies in the top five include Citigroup, Merrill Lynch, and Bank of America.
So if you’re looking to start your finance career on the right foot, these are some great companies to keep in mind!
What are the worst companies to work for finance majors?
Many people enter the finance field with the hope of making a lot of money. And while there are certainly opportunities to do so, there are also a number of companies that finance majors should avoid if they want to make the most of their career.
Some of the worst companies for finance majors include firms that are known for their poor treatment of employees, such as Goldman Sachs and Morgan Stanley. These companies often have high turnover rates and can be very demanding, leaving little room for work-life balance. Other companies that should be avoided include those that are facing financial difficulties, such as Lehman Brothers and Bear Stearns. These firms are often less stable and more likely to lay off employees, even during good economic times.
So if you’re looking to make the most out of your finance career, it’s important to do your research and choose a company that will be a good fit for you. Avoiding the firms listed above is a good place to start.
How to make the most out of a finance major
There are many things to consider when choosing a college major, including job prospects and average salary. If you’re interested in pursuing a career in finance, you may be wondering how much money you can expect to make after graduation.
As with any career, earnings for finance professionals can vary widely depending on experience, location, and other factors. However, some recent studies have shed light on the earning potential of finance majors specifically.
One study by PayScale found that the median annual salary for entry-level finance professionals was $60,000. This figure increased to $81,000 for mid-career professionals and $122,000 for those with 20 or more years of experience.
Another study by the National Association of Colleges and Employers (NACE) found that the median starting salary for finance majors was $55,900 in 2018. The top 10% of earners in this field made $85,811 or more per year.
These studies show that there is good potential for earning a high salary as a finance professional. However, it’s important to keep in mind that these are only averages and your actual earnings will depend on many factors. If you’re considering a career in finance, be sure to do your research and talk to professionals in the field to get a better idea of what you can expect to earn.