The good news is that there is continued growth in the jobs market when it comes to pursuing a career in finance, but there is also plenty of healthy competition.
Getting your college degree is a vital part of landing that first job, but you need to be prepared for all the major hurdles you might face before you offered a position.
Finance Management training
Some aspects of finance are by their very nature fast-paced, and it would help you as a graduate to have an understanding that the finance management industry is constantly evolving.
One of the key points about courses like finance management training at Simplilearn.com for example, is that it aims to provide you with constantly updated knowledge and offers opportunities for re-skilling where needed.
Tailor your resume
Your resume will obviously play an important role in helping to open a few doors and earn you the chance to sell yourself personally at an interview, once they like what they are reading about you on paper.
This is why it is so important to constantly update your resume with all your new achievements and qualifications and then tailor its contents and covering letter to highlight the points that are most relevant to the job you are applying for.
You would be making a fundamental area if you make the assumption that it is acceptable to simply send out the same resume to every company, however the qualifications and credentials happen to be.
Fine tuning your resume allows to draw attention to the key attributes that you possess which match the skillsets the advertised position requires. If the job is looking more for statistical skills than maths, adjust the presentation of your resume to boost your chances of getting shortlisted for an interview.
Try to gain some experience
By definition, a college graduate is not likely to have a resume that is packed with previous experience on it, but there are ways to gain some experience which will help you to find the job you desire.
Taking an internship or volunteering is hard, but if it gives you the chance to put some experience and allows you to diversify to see what you might be suited to, it could turn to be a good investment in your future, if it gets you the edge that lands you that all important first job in finance.
You may tire of hearing that it is not what you know but who you know, but the hard facts speak for themselves, networking does open doors that might otherwise remain closed to you.
Networking both before and after your graduation is an essential ingredient for carving out a successful career in finance.
Always aim to attend any job fairs arranged by the college you are connected to and look to see if some of the employers you would like to work for are holding any open days or conferences, where you could make a valuable contact.
Take your resume and a business card with your contact details including an email and telephone number on it and consider setting up a Linkedin account, so there are plenty of ways of remembering you and making contact at a later date.
Even if you haven’t graduated, networking at an early stage allows you to discuss your ambitions with some potential employers and you may be invited to get back in contact once you get the qualifications you are working to get.
Target likely job areas
One sure way to reduce the amount of time spent trying to get offered employment is to concentrate on areas in finance where there are more potential job opportunities.
Some areas of finance are more likely to have entry-level positions and offer internships than others, so do some research to see whether the type of finance job you are interested in is offering enough chances to get your career started.
You may well have to be creative and diversify slightly to get the leg up that you need in order to get your career started. Competition is fierce wherever you happen to look and regardless of the availability of employment openings, but by targeting areas and doing your research, you could reduce your wait significantly.
Choose an employer and not a job
One way of approaching your task of trying to find your first finance job would be to work the employer angle.
Working the employer angle means setting your ambitions on working for a particular company rather than focusing on a specific job that you are interested in. Do some local research in the area where you live and see if you can create a list of at least ten local companies who could be classed as mid-sized or fast-growing.
Once you have your list of employers you would like to work for in some sort of finance position, send them your resume with a covering letter. You could also use a search criteria on some of the employment sites online to get an alert when one of these companies is hiring, so you can submit your application as soon as possible.
Where your finance degree will lead you
With a booming job market to support your decision to obtain a finance degree, it is quite likely that you will be able to find employment.
The question that you need to ask yourself is whether your qualifications mean you are more suited to a career with a corporation or maybe a financial institution would provide the calling that will allow you to flourish.
It could be that you want to find work as an analyst and would enjoy the chance to make regular strategic business decisions or perhaps you might be more suited to accountancy and like the idea of working on budgets and financial projections.
Working for a financial institution or an insurance company will mean that you could look at areas like underwriting or even financial planning.
Getting your finance degree is an important milestone and with the right approach and a workable strategy, you should soon be landing your first job in the finance field.
Siva Kumar is a growth hacker, blogger, social media marketer, content strategist and content manager for Simplilearn. He enjoys sharing his research and ideas online.