Do I Regret Getting a Finance Degree? – (2 Years After Graduation) #Finance

all right so the question is do i regret measuring in Finance what is up guys welcome back to another CashNews.co my name is nash and in this CashNews.co i’m

going to be talking about how it feels to have graduated with the Finance degree with the bachelor’s in

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance and then having to go into the workforce and um just to kind of like see if it’s something that i should like doing or if i would go back in time and major in something else i graduated back in may of 2020

so it’s been about two years actually so i started working a few months before i graduated everything was online so i was able to work a full-time job as well as take classes online i did that for about two months then i graduated in may and then i started working full-time right so my first

job was actually a Finance job which was a financial analyst position but this was for an Insurance company this was a position that focused on

Insurance premiums claims so those were the numbers that were working with so think about anything that the financial analyst does so i was doing all that but using Insurance specific numbers right the premiums that come in the claims that go out and creating a

bunch of models so this was something that was really exciting for me because i was getting to practice the skills that i learned in college when it comes to those uh microsoft excel classes right i take in a bunch of uh excel certification classes so i was kind of like in i was not an expert but i

knew how to use it i knew how to do things so this job just like any other financial analyst position focused on a lot of technical skills right because think about this you’re an entry-level employee an analyst and you know you get all the work that nobody wants to do right so as as you rank

up as you climb the corporate ladder the less technical work you have to do right it turns into more of a critical thinking role so if you are on the bottom of that you’re going to be doing all the technical work so it helped a lot for me to know uh you know how to use excel as well as you

know just understanding business and basic Accounting as well right because if you’re dealing with money you have to understand Accounting especially basic Accounting and also this position was not client facing which means i did not have to

talk to clients i did not have to deal with any clients that were upset it was essentially a back office job where you’re just crunching the numbers right so the most communication that i got when it came to work was communicating to maybe a supervisor or manager explaining what the numbers

meant right because sometimes you work on numbers and it makes sense to you but to somebody else they don’t really make sense so so those were the minimal communication requirements that i had was to essentially explain something that might not be clear to someone who does not understand how

i broke down the numbers so i was doing that for about a year and i was promoted to a supervisor position which was essentially doing the same thing as an analyst but also training other analysts and reviewing their work so it was kind of like the same thing but with added responsibilities all

right so moving on to 2022 which is two years later about two months ago i switched over to business consulting for one of the big four uh consulting firms now this is a totally different position right like i said before when i was an analyst it took a lot of technical skills and you know some

critical thinking but the main thing was knowing your technical skills right because your job was to make the numbers make sense right now i switched over to consulting something you know surprising happened the things kind of like switched around now the most important thing that i noticed that

you have to have is critical thinking skills right especially when it comes to what i do i work in financial Risk Management consulting where we are managing risk for financial institutions right think about banks and things like that so we’re kind of like managing risk what

they usually do is that they give you a lot of information right like we have this information we want to manage the risk that comes with it right and you have to use you have to be really creative and you know think critically on how you can come up with solutions first off you have to really

identify the risk before you can solve it or before you can come up with solutions and things like that to manage that risk so this requires a lot of critical thinking and unless of those are technical skills now when it comes to you know the technical skills that you might need is that if

you’re working with uh 10 different clients or a good example is each client is going to have their own systems right in place that they use to manage resources and things like that now if you’re jumping from client to client you are going to be exposed to different systems that the

clients use so you have to be able to have those technical skills right so these aren’t technical skills that you can go practice because you cannot anticipate what systems the client uses so you have to critically think right if you’re introduced to something like peoplesoft or maybe

you’re introduced to something else you have to be able to figure it out that’s where those critical thinking skills come in now if i go back to being an analyst you know all i had to know was microsoft excel and maybe one other thing right and that is something that i really really

know now moving on to being a consultant you don’t have to know microsoft excel you just have to have a basic understanding and make things work and what’s going to be more important is going to be critical thinking skills now when i look back to some of the classes that i took in

college i’m thinking about my uh Risk Management class that i took that was one of my favorite classes that i took in college i never thought i was going to end up working in Risk Management but uh that class is turning out to be really really important now

the other thing is going to be money and banking that was a basic Finance class that i took in college now working with financial institutions you have to really understand

how money works in banking and i’m having to think about what i learned in that class in order to you know to to understand what i’m doing and also like i said before if you are dealing with money you have to be able to understand Accounting because that’s gonna

help you understand how money moves around all right so now to sum up those two positions my first position was in analyst position it only required a lot of technical skills which were essentially microsoft excel and some other software but you know you had to know microsoft excel that was the

requirement right you had to know how to use it that’s how you survived would you know you’d be in microsoft excel 24 hours or the eight hours you’re working on nine hours with 10 hours you’ll be in microsoft excel that’s how you do the reports and things like that

right so i never really got to use a lot of the skills that i learned in other Finance classes but then moving on to consulting you have to do a lot of critical thinking and

in order to critically think about something you have to have enough information right so all these different classes that i took Accounting Risk Management uh money and banking and things like that those are the classes that i find myself trying to remember what

the professor was teaching now putting work aside we can talk about personal Finance right whenever you start a job you need to understand how 401k works right before you

even sign anything right you have to understand how benefits work deductions and things like that you have to be able to understand those things Investments that are in your 401k you have to be able to do that you start doing your own Taxes right these are classes

that Finance actually teaches you in college i took a class i think the name of the class was uh color: #1a73e8; text-decoration: none;">Finance for entrepreneurs right he talked about all these benefits i talked about you know deductions it went into you know benefits and 401ks and things like that how employers uh provide these benefits to employees and how you can do it as an

entrepreneur if you you ever grew your company to that level so i find myself thinking about this that was probably the second most valuable class that i took in college i when i was a none;">Finance major i find myself tapping back into that class you know if i want to do my Taxes maybe i’m doing deductions and things like that right i’m able to kind of like have an understanding even if i was gonna get an accountant right i’ll be

able to know what they’re talking about i’ll be able to ask more educated questions now if you’ve watched my super old CashNews.cos you know that when i was a freshman in college i used to be an Accounting major for for about a year i think was like a year and a

half and i switched over to Finance so that’s why i have a lot of knowledge in Accounting because not only did i take the basic

Accounting classes but also took some of the advanced Accounting classes as well and then switched over to Finance at the same time which

turned out to be a great combination so measuring Finance the best thing that i ever did and i’ll do it again if i was gonna go back in time but the only different

thing i would do is pay more attention but uh thank you so much for watching guys let me know what you think let me know if you have anything else to add to this but i thank you so much for watching make sure to hit the subscribe button below haven’t already and i’ll see you guys on the

next one peace