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Why Working in Finance Doesn’t Mean You Need an Economics Degree

Jobs in Finance

Tips For Getting a Job in the Finance Sector

It may seem counter intuitive, but more and more big banks and financial institutions are looking at building teams of people who aren’t necessarily holding a degree from university in economics and that means that if you enjoy finance, but you didn’t go to school specifically for that purpose, you may still be able to break into the big times: you just have to highlight how your skills and experiences bring something that is both different and positive to the table. So, do you love numbers but you don’t have the degree that will perfectly match up? You may not have to worry about it: here’s why working in finance doesn’t mean holding an economics degree.

Big Finance Requires Diverse Skills

It’s a bit of a mystery how the notion that one needed a degree in economics to work in finance; after all, an economics degree is good, but there is so much more to the financial world than crunching numbers. Nowadays, with a global marketplace, growing technology, different languages bouncing around and a range of different customers and clients to work with, it’s more important than ever to have a financial team that is more well rounded.

Obviously subjects with numbers are going to be an easier sell to employers, though within that you have graduates in mathematics, physics, engineering, business and management. But if you don’t have a degree in these things, you may still make yourself out to be a great catch. Financial organizations are also looking for things like:

  • Language graduates (after all, it’s a global business!)
  • Arts and humanities graduates with the idea of being able to have people who can integrate and deal with different cultures and societies and the ability to think freely and challenge the CEO or at least come up with different points
  • Any degree program that helps you to develop the ability to come up with arguments, think in a free and yet structured way and follow up on interests, such as political science and even History and English.

Now, this is not to say that all banking and investment organizations are looking for a broader base of graduates; plenty of employers still want people who have graduated from business or number subjects. However, if you can prove that your degree is valuable to a banking institution, then you may be able to get in the door. You should also be able to show how your experiences are helpful by getting things like relevant internships.

Highlighting Your Experience with Numbers Without a Numbers Degree

Working in finance requires you to be able to work with numbers to some extent! But if you don’t have the degree to prove it, you should at least highlight your other experiences in working around budgets, money and numbers. This can be anything from internships to working as the treasurer for a student association to tax courses you’ve taken. If you can show that you’re comfortable around numbers, then you already have something of a leg-up, even if your degree isn’t specifically related to numbers.

Working in finance now means being able to do far more than crunch numbers. You have to be able to do things like work with clients and customers from all over the world, manage information technology systems, work in a variety of cultures if the situation arises, stay organized, be professional and knowledgeable and of course, be able to crunch numbers! All of this means that more and more employers are looking beyond the economics and business degree to see what other graduates can bring to the table. Good luck!