The playing field for Finance graduates and those seeking internships has never been more exciting. The industry is growing exponentially and constantly rated as one of the most “in demand” professions for Australian graduates, with both corporate and government agencies requiring finance professionals within their ranks.
Those seeking to enter the world of finance are able to tailor their experience through a range of banking and money management services. Depending on your personal preferences and skills, a range of banking and financial services spanning from customer service banking, sales positions, financial advisers and analyst positions are available. Above all, a finance graduate must be able to interpret financial information and market changes to recommend beneficial investments and manage financial funds for respective stakeholders.
Sydney is Australia’s financial centre and nationally represents 65% of the industry, including cornerstones of the industry like the Reserve Bank, ASX, and a number of global companies with a reach throughout the Asia-Pacific region.
Banking and Finance graduates can typically expect base salaries starting from $60,000 upon entering their first job, but have the chance to rapidly increase this with bonus payments and increasing salaries as you progress through the ranks. Although finance professionals are constantly in demand, graduate jobs at the largest and most prestigious firms are still highly competitive. Investment banks like Goldman Sachs, Morgan Stanley and Macquarie, along with retail banks such as Commonwealth Bank will often have thousands of applications for sometimes only a handful of roles. It can be a high hurdle to get an offer, but you can look forward to a handsome payoff once you’re in the door.
Hard yards are required if you want to obtain that dream internship or graduate position. Finance employers aren’t just looking for first-rate academic results – they will be looking for extra-curricular and leadership experience as a sign ‘fit’ within the firm and your ability to comfortable in front of clients and eventually lead a team. Focus on setting goals early on in your studies, and gain leadership experience outside of class and with internships wherever possible to help you stay ahead of the pack!