How to Start a Career in Finance With No Experience

May 30, 2023
Lattimore Harry

Most financial institutions or government offices want an undergraduate degree from a college or university with at least 1-3 years of experience in any corporation. There are numerous more positions in finance, some of which do not necessitate any experience but at least a four-year college degree. Jobs in finance require a high level of academic achievement and mathematical prowess.

And we made this article through the guidance of Jessica Walrack, an experienced personal finance writer at PaydayBears. This platform provides its clients a hassle-free cash advance and other short-term loans to help anyone in a financial crisis.

Here’s a guide on starting a finance career with no experience.

Have Finance Degree

Whether you want to build a business from scratch or enter a finance institution, a bachelor’s degree in any field of finance would help you excel in any mentioned field. Your bachelor’s degree will equip you with the fundamental skills you need to launch your career and help you comprehend the distinction between value and price and its significance and influence on the daily commercial decisions you make.

Moreover, it teaches you to solve problems using quantitative data and make potential business judgments. And it gives you in-demand skills in fields like data analytics, risk management, capital allocation, and investment strategy, in contrast to more generic degrees like business administration. Additionally, via coursework, you’ll develop crucial soft skills like adaptability, verbal and written communication, and teamwork.

Create an Outstanding Resume

Creating an outstanding resume without prior experience in finance would help you get a career in any finance corporation that allows candidates to be themselves and grow from them.

When creating your resume, you need to concentrate on your strengths and connect them to the qualifications and capabilities the employer is looking for; make sure your statement is comprehensive because this is the first thing the HR will check.

Also, you can describe your volunteer and charitable endeavors, like your high school and college achievements. Put a focus on your transferrable talents, such as management and customer service, that you have acquired from any on-the-job training or seminars.

Networking

Realistically, in any field, networking is one of the things that a person should have – as it is about establishing trusting relationships and a solid reputation over time. Getting to know people whom you can help and who might be able to help you in return.

Your network should consist of everyone from friends and family to coworkers, business associates, people you know socially, and people who are a part of groups you are a part of. Regular networking within your field and sector can help you start a career in finance with no experience.

Also, you can improve your professional standing, increase access to possibilities, work through business difficulties, and feel good about supporting and introducing people in your network.

Ready Yourself for Any Interview

Starting a career in finance with no experience is difficult. Thus, you must prepare yourself for any interview that you will be taking in the future because it will help you get a job.

And importantly, when preparing yourself, always research the company you are applying for, especially what services they do, why they are the best institution for you, and their mission and vision.

Start With Small Business

Suppose you’re planning to avoid having a career in financial institutions. In that case, you can start by having a small business, may it be through dropshipping, sneaker reselling, thrift reselling, delivery, etc., because starting a small business on your own would help you know more about yourself in the process, your strengths and weaknesses, and how you handle pressure at your own pace.

And from there, you would get to develop your financial management skills on how to market your product, what people are your target audience, how you maintain your daily sales to monthly sales, how to network with other small businesses, etc.