10 Ways To Achieve A Career In Finance Without A Finance Degree (2023)

ADegree in finance or economicsis a requirement for most jobs in thefinancial industry, but what if you don't have one and want to work in this field? While it may be harder for someone with a non-financial degree to land a finance job, there is still hope.

Every employer wants smart, engaged and motivated employees who can get the job done right. A finance degree teaches skills such asfinancial modelingmiAnalyse, but it can't do much to teach you other skills you'll need to succeed in almost any profession, such as: B. Communication, problem solving and time management.

Below are 10 ways to show potential employers that you have the skills they want in an employee and the passion it takes for a successful career in finance.

We rank each course based on its difficulty (e.g. enrolling in a finance course is easier than an internship) and the positive impact it can have on your goal of pursuing a career in finance. Industry.

Main Conclusions

  • It is possible to have a successful career in finance without an MBA or finance major.
  • Taking relevant courses in finance or economics will help you in your endeavor.
  • An internship at a well-known company will usually add value to your CV.
  • You may also want to consider non-financial stocks that are popular on Wall Street, such as information technology, math, and platform development.
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Get a career in finance without a finance degree

1. Learn the language

  • Difficulty:Low
  • Impact:Low

If you are interested in a career in finance, there is no excuse for it.Know the language of Wall Street. If you don't know the difference betweendilutionmiDivisor, the in betweenVPLmiFCD, consider learning financial terms and concepts by exploring the broaderDictionary of Termson sites like Investopedia or by readingWall Street Journal.

Unfamiliarity with financial jargon can make it almost impossible for a non-finance professional to pass the preliminary interview phase. An interviewer often assumes that a candidate for a finance position is financially literate regardless of their educational background.

2. Complete your education

  • Difficulty:Low to moderate
  • Impact:Alt

What if you specialized in something other than finance? You can always rectify the situation by taking relevant courses majoring in finance or economics at bachelor's or master's level.

At the undergraduate level, courses in economics, or accountingfinancial analysisThey are excellent options. Many postgraduates go to aMaster of Business Administrationas its essential finance component serves to level the playing field between finance and non-finance graduates.

Yes orHard costs for the MBAWhat is deterrent is other ways like signing up for thatCertified Financial Analyst(CFA®) definitely worth a visit. The CFA is awarded after passing a series of three rigorous exams that assess a completed level of financial theory and practical knowledge at your leisure.

3. Register for a financial training course

  • Difficulty:Moderate
  • Impact:Moderate

Crash courses from companies like Wall Street Prep and Training the Street can provide you with valuable skills essential to a career in finance, such as: B. advanced spreadsheet techniques and financial modeling.

These intensive courses are quite expensive, usually a few thousand euros, but have the advantage that they do not require a long-term commitment, as they are usually completed in a few days. One downside is that the intensity of these programs may require you to already be familiar with basic financial concepts to get the most benefit.

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4. Expand your knowledge base

  • Difficulty:Moderate
  • Impact:Alt

Relevant knowledge is not only acquired through a university degree. There are many resources available, either at your local library or online, to increase your financial literacy. These features can be free or paid for by course providers.

BeSelf-taught in a difficult area like financeDemonstrates a number of desirable qualities for an employer, such as initiative, passion and drive.

5. Use a trading simulator

  • Difficulty:Moderate
  • Impact:Low

Several websites including Investopedia havecommercial simulatorsthat can be used to create simulationspurses. Using a trading simulator forces you to track themNoticedand watch the market developments. This is a great way to impress a potential employer with your business skills, or at least your knowledge of the market, with very little effort on your part other than a commitment of time.

6. Complete industry courses

  • Difficulty:Alt
  • Impact:Alt

Completion of a relevant industry licensing course, such as that offered byCanadian Securities Institute, not only demonstrates your commitment to a career in finance, but also gives you a competitive advantage in terms of commitment.

Of course, this option may not be available in all jurisdictions; For example, in the United States, you must be sponsored by asignature of the memberby unoself-regulating organizationto take most license exams.

However theFinancial sector regulator(FINRA) has created a new test calledBasic exam in the securities industry(SIE), which can be carried out without sponsorship.

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7. Run a financial blog

  • Difficulty:Alt
  • Impact:Moderate

beginning andRun a financial blogIt's a great way to communicate yoursinvestment ideasFor the world. It's an opportunity to give a potential employer a good idea of ​​your diverse skillset, including financial, communication and technological skills. This type of self-promotion works best for those who already have some level of these skills.

More and more people who want to promote financial concepts and investment ideas are turning to social media platforms like Instagram, Twitter and TikTok to become “influencers”.

8. Connect with a mentor

  • Difficulty:Alt
  • Impact:Moderate

Connecting with a mentor is another way to start onefinancial career. A mentor can be anyone in a position of influence who values ​​your abilities and is willing to help you achieve your goals. Potential mentors include your favorite college professor, a family friend or relative with a successful career in finance, or someone you know professionally, such as a B. a supervisor during a previous internship. Don't hesitate to reach out to any contact you think can help you with your job search.

9. Do an internship

  • Difficulty:Very high
  • Impact:Very high

A summer internship remains one of the best ways to land a prestigious full-time job in finance, as do manyfinancial worldCompanies select their new employees from their summer interns. At the best business schools, about a third to a halfMaster of Business AdministrationStudents will work for the summer employer after graduation.

Out ofget a paid internshipin finance is probably too difficult for a non-finance graduate, you should consider other options such as an unpaid internship or volunteering with a realtor. EITHEROpportunity costsfrom unpaid internships or volunteer work can currently be compensated by the higher levelgain potentiala career in finance.

10. Do your best to get your foot in the door.

  • Difficulty:Very high
  • Impact:Very high

Forward resumes to HR departments, expand your job search to other locations and use your network to review vacancies;financial institution. score aEntry level position in a financial company, even in a non-finance position, could open doors to other finance careers in the future.

Can you get a CFA charter without having a college degree?

No. The CFA Institute requires holders to have at least an accredited bachelor's degree (in any field). However, you can apply as a candidate and begin the CFA program while still a student as long as you graduate successfully within 11 months.

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What Are the Best College Courses for Finance Professionals?

According to a recent survey, the top majors among global finance professionals were:

  • Finance (23%)
  • Economy/administration (19%)
  • Savings (14%)
  • Accounting (11%)
  • Mathematics (7%)

Together, these five courses accounted for nearly 75% of all finance professionals.

How many bank interns will end up being hired?

According to industry surveys, around 70% of bank interns who fulfill all required roles receive a job offer.This may seem like a favorable statistic, but remember that an (often unpaid) internship at a financial firm is highly competitive. In 2022, investment bank Goldman Sachs saw a record 236,000 people apply for student internships worldwide, including 79,000 in America. Only about 35,000 (~15%) are accepted.


Certain non-financial stocks are certainly in demand on Wall Street for specific tasks, including:

  • Physics and mathematics for structured products, derivatives and quantitative trading
  • Information technology for algorithmic trading and platform development
  • Engineering, Mining and Science for industry specific research analysis and investment banking

However, for the vast majority of non-finance graduates, finding a job in finance is likely to be a major challenge. This is all the more true given that thousands of jobs were lost in banks and financial institutions after the 2008 crisis.Global recession.Using a combination of the tips discussed above should allow a non-finance graduate to greatly improve their chances of a career in finance.

(Video) How to break into finance without a finance degree


How do I start a career in finance with no experience? ›

Seek Internships, Early and Often

It helps to fill in for the lack of full-time experience and is not as difficult to get as a real job. Many finance internships are paid—so, no excuses if you need to earn some green—or offer academic credit.

What are the 4 Career Pathways in finance? ›

The four career pathways in the finance cluster are banking and related services, business financial management, financial and investment planning, and insurance services.

What are 3 things that one might do in a finance career? ›

You'll be able to take on roles such as budget analyst, financial analyst, personal financial advisor, accountant, and investment banker. An MBA in Finance is a high-level business degree that can help you advance your financial career.

Can I get into finance without a finance degree? ›

That said, formal finance education is not necessary—the BLS states that while employers may prefer auditing clerks to have some postsecondary education, there are usually not specific degree requirements.

Can introverts succeed in finance? ›

These financial management positions include controllers, treasurers, credit managers, cash managers, risk managers and insurance managers. Since each of these positions requires strong analytical skills along with the ability to work independently, introverts tend to make ideal candidates.

Will finance jobs disappear? ›

Ask most any automation expert or CFO who's implementing automation that you like, and you'll get the same story: no, automation isn't going to take finance jobs away. Instead, finance workers will have time freed up for higher-level, strategic, value-add work.

How stressful is a career in finance? ›

Like every field, there are also drawbacks to a career in finance. They can include high stress, big responsibility, long working hours, continuing education requirements, and, in some cases, a lack of job security—the finance industry is generally quite cyclical.

What is a good first job in finance? ›

There are several entry-level jobs you can get with a finance degree, depending on your area of study, type of degree, and experience. Junior tax accountant, stockbroker, personal finance advisor, banking assistant, and financial analyst are a few entry-level choices.

What is the least stressful job in finance? ›

Accounting: Finishing last on every ballot, accounting is “virtually stress-free as long as you like routine and are willing to work long hours on a seasonal basis,” said Cohen. There's also minimal client-facing and you're never on an island.

What are the fastest growing careers in finance? ›

10 Fastest Growing Jobs in Finance
  • Financial Managers: Projected Job Growth: 9.10% ...
  • Treasurers and Controllers: Projected Job Growth: 9.10% ...
  • Insurance Sales Agents: Projected Job Growth: 8.52% ...
  • Personal Financial Advisors: Projected Job Growth: 7.75% ...
  • Tax Preparers: Projected Job Growth: 5.98%

What qualifications do I need for a career in finance? ›

You'll need:
  • knowledge of economics and accounting.
  • business management skills.
  • maths knowledge.
  • analytical thinking skills.
  • financial management skills.
  • leadership skills.
  • the ability to use your initiative.
  • to be thorough and pay attention to detail.

How do beginners learn about finance? ›

There are multiple ways you can learn about finance, including online courses, in-person classes, reading financial publications, self-teaching from finance books, and joining a network of financial professionals.

How do I start learning basic finance? ›

Learn and Master the Basics of Finance
  1. Understand basic to moderately complex finance topics.
  2. Understand the "Financial Times" or any other similar business newspaper or magazines.
  3. Talk confidently about the latest financial issues at dinner parties.
  4. Learn the techniques to managing finances and building wealth.


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