How To Switch To A Career In Finance

computer-918678_1280If you’re a college graduate who’s having a hard time finding work in your field, you aren’t alone. Many people with degrees in the humanities or arts find themselves unable to find a lucrative and well-paying position. Due to the difficulty you’re experiencing finding a job, you might be considering changing your career path and trying a new field on for size.

Finance is a fantastic career that can allow you to make a lot of money and secure your future. Just take a look at successful financial industry figures like Patrick Dwyer Merrill Lynch. If you’re unhappy with your current career prospects, a switch to finance might be the solution that you’re looking for.

However, getting into the world of finance won’t be as easy as snapping your fingers. It’s going to take a lot of work and much of it will feel like starting completely over. But the end results will be very worth it if you’re willing to put the work in. Here are some tips on how you can begin the process of transitioning to a career in finance, no matter where you currently are in life.

Look Into Your Education Prospects

If you majored in the arts or the humanities, there’s a good chance that you might have to go back to school if you want a career in the finance industry. Some majors, such as business or political science, may enable you to find a career in finance provided that you’re willing to obtain certain certifications and licenses. If you need to further your education but are low on funds, look into getting a low-level job at a financial institution that has a good history of paying for employees to further their education so that they may move up within the organization. Otherwise, you can always look into federal grants and student loans.

Network As Much As Possible

It’s an extremely good idea to take any internship or seminar opportunity that comes your way. While moving up in the financial world is definitely all about hard work and the right educational background, success in the industry also has to do with who you know. It’s a good idea to always be meeting and networking with industry players. This will enable you to make connections that will help you to rise up in your industry.

Be Willing To Start At The Bottom

Even if you were in a higher position at your last job, you’ll need to be willing to start off at the bottom when you make the switch to finance. This is a very competitive field. Even Ivy League graduates can’t expect to begin their careers in top tier positions. This is definitely a scenario where you will absolutely have to swallow your pride, at least at the very beginning of your career.

Work Extremely Hard

The people who succeed in the financial industry are the ones who worked extremely hard and never backed down from a challenge. This is by no means a career path for slackers. However, if you are willing to put in the hours, do what is asked of you and always go the extra mile, you will enjoy career success and longevity in the financial industry.

Making the transition to finance as a new career can be a very long process. In addition to possibly needing to go back to school for a new or second degree, you’ll have to start in lower positions, potentially for minimal pay. Ultimately, though, you will be able to succeed immensely if you’re willing to work.

There’s going to be a lot to learn and many late nights ahead of you. But if you’re ready for the challenge, the financial industry is one that will always have great paychecks and job security waiting for those who can hack it and rise up to the challenge.

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