A lot of people don’t realize it, but there are many different financial jobs out there that don’t require you to have an extensive degree or diploma! These jobs generally still require some sort of experience, but they can be great ways to get started in the financial industry if you want to transition from something else, or if you want to try your hand at financial work without spending years and tons of money on school. Here are 8 great financial jobs that don’t require a degree!
1) Become a financial advisor
Financial advisors help people meet their financial goals. They also develop investment strategies, manage assets and counsel clients on tax and insurance issues. If you’re interested in the financial sector, but don’t have a degree in finance or economics, take a look at some of these other great options for financial jobs:
– Accountant: Keeps track of the company’s financial records and reports to the board of directors on how well the company is performing. Must be licensed and can work for public accounting firms, private companies or government agencies.
– Bank teller: An entry-level position with responsibilities such as counting out cash, handling deposits and opening new accounts. A high school diploma is typically required. Training is provided by the bank that employs them. There are usually opportunities to move up within the company as employees progress through their career.
– Personal banker: Handles personal customer service and sales tasks related to individual customers’ banking needs. Works closely with the commercial bankers who handle more business loans and larger transactions. Requires a bachelor’s degree from an accredited college or university plus relevant experience from a bank, credit union or brokerage firm.
– Financial advisor associate: Often start off as account representatives for larger institutions before transitioning into an advisory role.
2) Become an actuary
Becoming an actuary is one of the best financial jobs that don’t require a degree. Actuaries use mathematics and statistics to evaluate the probability of future events, like death or injury, and they help companies figure out how much they should be spending on things like medical coverage and retirement benefits. They also work with insurance companies to set prices for their products and manage risk.
To become an actuary you need at least three years of relevant work experience or a graduate degree in actuarial science from an accredited university. You can find schools with this program by searching the Directory of Actuarial Programs sponsored by the Society of Actuaries (SOA). If you want to go this route but don’t have the necessary work experience, try interning at an insurance company, consulting firm, or bank.
3) Start a career in finance
While there are many jobs in finance that require an advanced degree, not all do. If you want to start your career in finance, but don’t have the time or money to go back to school, these eight great financial jobs may be perfect for you.
1) Personal banker- The job of personal banker requires employees to open accounts and provide customer service.
2) Investment advisor- The goal of this position is to help people manage their investments and retirement plans.
3) Credit officer- These professionals collect information about companies’ borrowing needs and analyze creditworthiness before deciding whether or not to lend them money.
4) Branch manager- Branch managers typically work as part of a team managing the day-to-day operations at a bank branch and interacting with customers.
5) Loan officer- Loan officers use their expertise to evaluate a borrower’s ability to repay loans and decide what terms the borrower should receive.
6) Claims adjuster- Claims adjusters deal with insurance claims by examining evidence and determining coverage eligibility, damages, settlement offers, or other actions necessary in order to resolve disputes between policyholders and insurance carriers.
7) Tax analyst- Tax analysts examine tax data provided by taxpayers during audits to ensure compliance with federal laws like the Internal Revenue Code.
8) Security guard- Most security guards only need a high school diploma and on-the-job training. Financially secure: You can feel confident knowing that most financial careers don’t require a college degree -and some even allow you to get started without any education at all!
4) Become an accountant
Becoming an accountant is the most common profession for those who don’t have a degree, but there are plenty of other great options.
If you’re looking for an opportunity to use math and learn about financial markets, consider becoming a trader. Or if you want to help people with their finances in person, you could work as an insurance agent or financial adviser.
For those who are more interested in working with numbers than managing people, try being a loan officer or risk analyst. And finally, if you enjoy managing assets then investment management might be the perfect job for you.
There’s no shortage of great careers that can fulfill your desire to make money while still allowing you to get your hands dirty without having a four-year degree.
5) Open your own accountancy firm
Opening your own accountancy firm is an excellent way to get some experience in the field. You’ll have to be licensed, but this can often be obtained through a course and exam at the provincial or state level.
Once licensed, you can start advertising your services to those in need of accounting help. You can also start by working for an established accounting firm until you’re ready to go out on your own!
6) Become an auditor
Become an auditor and work for one of the Big Four accounting firms. Auditors identify, examine, and evaluate information to prepare reports on financial statements.
The Big Four accounting firms (Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, KPMG LLP, PricewaterhouseCoopers) are the largest providers of professional services in the world.
Auditors should be detail-oriented and able to maintain confidentiality; they must also be available to travel extensively if necessary.
7) Open your own business
Starting your own business can be a great way to earn money, set your own hours, and get the chance to explore what you really want to do. However, it can also be incredibly stressful and time-consuming. Before diving in head first, consider these five things before opening your own business:
1) What type of business do I want? There are so many different types of businesses out there that it’s important to think about what you’re passionate about.
2) Do you have experience in this field?
3) Can you start from home or will you need an office space? You’ll need to decide if you’ll work alone or with others.
4) Are there any laws/regulations for starting my own business that I should know about? These are just some questions to ask yourself when deciding on what kind of business you want.
When you’ve narrowed down your choices, look into how much it will cost to open the business (think startup costs), where you might find funding, and how much time is involved in running the company.
Once you’ve considered all these aspects, choose one idea and go for it! The worst thing that could happen is you spend a few months thinking about something and then decide against it. Remember: The best decision is often not the easiest one.
8) Get into debt collection
Debt collectors are responsible for collecting the debt that consumers and businesses owe. They will typically call people who owe money to ask them to pay up, or they may contact the person’s employer if they know their contact information.
Debt collectors may also go to court and file papers in order to get a judge to force the debtor into paying back their debt. They often work on commission, so they can increase their earnings by collecting more than what was owed.