Starting At The Bottom? Entry-Level Roles That Have Potential For Upward Mobility
In the following post, Lewis Daidone discusses entry-level positions that can lead to bigger and better opportunities.
Everyone has to start at the bottom – only a privileged few can skip this step. However, not every open door results in a positive step up the career ladder. Here are a few positions that offer good career advancement prospects. While advanced degrees might be necessary in order to rise to the most senior positions, many entry-level positions generally don’t require more than a bachelor’s degree in accounting or finance (one only requires a high school diploma).
Accounts Payable/Receivable Administrator
Many organizations don’t require an undergraduate degree for accounts payable/receivable administrator jobs. While your ability to move into a more senior position within the same firm depends upon the firm itself, this position is in great demand and can provide a great stepping stone to more senior roles. From that point, however, an accounting, business, or finance degree would be required for any further promotions.
Credit analysts have become increasingly in demand after the 2008 lending crisis. Many large firms need in-house staff in order to calculate credit-worthiness and lending risk. Appropriate candidates will have a finance degree. A credit analyst can rise to a senior analyst position, overseeing all organizational credit decisions and managing a team of junior analysts.
Junior Financial Analyst
Financial analysts research economic conditions and review company fundamentals to make business, sector and industry recommendations and oftentimes recommend a course of action, such as to buy or sell a company’s stock. A junior financial analyst can be promoted to a senior position, and from there move up to a portfolio or fund manager (although a graduate degree in finance might be necessary for serious consideration).