The salary for finance majors straight out of college can vary depending on several factors, such as the specific role, location, and employer. However, according to data from the National Association of Colleges and Employers (NACE), the average starting salary for finance majors in the United States in 2021 was $61,600 per year.
Of course, starting salaries can vary depending on the specific industry and type of finance role. For example, finance majors working in investment banking or private equity may earn significantly higher salaries than those working in accounting or financial planning.
Additionally, starting salaries may also vary depending on the geographic location of the job. Salaries tend to be higher in major financial centers such as New York City or San Francisco, compared to other areas of the country.
It’s worth noting that salaries can also increase significantly as a finance professional gains more experience and takes on higher-level roles within their organization. Many finance professionals are also eligible for bonuses, which can be a significant part of their compensation package.
Overall, while the average starting salary for finance majors can provide a general idea of what to expect, it’s important to keep in mind that salaries can vary widely depending on the specific circumstances.
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