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How do I get started in finance?

Typically, a finance or business degree is required if you want to build a career in finance. However, don’t let that stop you if you’re passionate about numbers and money. Finance can open a world of opportunities and personal financial stability. While it is more difficult for someone with a non-finance degree to secure a job in finance, there's still hope.

How can you get started in your finance career?

Well, first, learn the lingo. It is important to understand the vocabulary in Finance - whether it is used in Ottawa or beyond.

Second, enhance your education in the finance field.

One cannot go into the world of finance without some form of training. Maybe your pathway looks like an MBA, or maybe you’re better suited with some supplemental courses. Either way, it is important to learn how corporate finance works from the ground up as there are many formulas and principles to be aware of.

Third, try finding an internship in the financial sector! What better way to learn than hands on, right? An internship in finance here in Ottawa gives you the opportunity to learn more about finance as an industry as you work for a company that can give you a glimpse into how your career may progress and evolve. Perhaps even completing more than one internship, each in a different part of the financial industry,  is advantageous for you, as each internship can expand your knowledge and help you hone in on your interests and desired career path.

Can I teach myself finance?

Let’s face it, financial literacy is important no matter where you see yourself in your career. If you want to learn something, of course you can do it on your own, it just takes a little determination and know-how.

Basically, all of finance can be boiled down to three questions:

(1) How do I get money?

(2) How do I keep my money?

(3) How do I earn more money?

There are a multitude of ways and courses to learn finance online or in person. You just have to decide which method is for you. To do so, recognize and establish your learning style. Do you prefer one on one, individual attention? We have finance tutors in Ottawa prepared to teach you everything you need to know in order to succeed in a career in finance. Maybe a classroom setting is better for you. Perhaps you even prefer to learn on your own following a MOOC or online course offered by a University here in Ottawa. Regardless of your preferred method, know that you are not alone.

Superprof has finance tutors available to you in person or online right here in Ottawa. Not sure if you need the individualized instruction? Most of our finance tutors offer the first session for free.

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

People who work in the finance field help businesses, nonprofits, and government agencies secure funding, and that’s not all. Finance can also involve tracking, analyzing, investing or managing funds. The finance field encompasses a range of careers, including chief financial officer and finance manager.

Someone working in finance’s skill therefore (essentially) consists of: drawing up a list of the options available and establishing an order of priority to determine which options are ‘more worthwhile’ than others.

Like many jobs and careers, it often boils down to who you know more than what you know. Because of this, networking is at the top of the list when it comes to breaking into the industry. One of the most effective ways to network is to start with people you already know and ask them to introduce you to people at companies where you want to work. You should also use LinkedIn as a tool to connect with new people.

As we previously mentioned, here in Ottawa (and anywhere you’d like to begin your career in finance), it is important to know the lingo, the formulas, and understand the basics. An internship is always an excellent way of not only gaining experience, but building your resume for your future career endeavors.

Still feeling lost? Our local Ottawa finance tutors can help you find your path to a career in Finance. Maybe you need advice on where to start? They’re here for you! It only takes one click to start what could be a lifetime career in finance.