Financial analyst is the top entry-level finance or accounting job for new graduates, according to Accounting Principals’ recent research.
Accounting has remained one of the strongest job growth areas through the recession and recovery. With a median salary between $49,700 and $51,000, these professionals are always in demand by investment banks, insurance companies and asset management firms, according to the finance and accounting staffing organization. In addition, public companies are always looking for financial analysts who can forecast growth and prepare quarterly financial statements.
"The current economic climate—filled with increasing regulation and scrutiny—means that finance and accounting professionals are more valuable to companies than ever before," said Mike McNamara, VP of Accounting Principals.
The list of top entry-level jobs was developed using observations from Accounting Principals' national network of recruiters. These are six of the most in demand finance jobs for recent graduates across a variety of industries and sectors:
- Financial Analyst
- Accounts payable/receivable clerk
- Credit Analyst
- Mortgage Underwriter
The still-unstable economy and increasingly complex accounting regulations have spurred the need for accountants in recent years. In addition, accounting is a must-have back-office function, and therefore an in-demand field in both a strong and weak economy. The median annual salary for this position between $45,000 and $55,000, according to Accounting Principals' “2012 Salary Guide.”
"Accounting and finance is often considered the backbone of a business, and as financial regulations continue to mount, so will the need for qualified finance and accounting talent," McNamara said. "New grads who begin their careers in corporate finance will quickly learn how this function supports company operations and helps drive business growth, positioning them well for success in any role they choose during the course of their careers."
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