Banking and finance
Did you know that many high achievers in corporate got their start in science and mathematics?
The analytical and critical thinking skills honed during scientific education are invaluable in financial roles that require complex problem-solving and data analysis. Science graduates are in high demand for their quantitative background, which enables them to navigate the intricacies of financial models and risk assessments.
Their ability to carry out thorough research and draw evidence-based conclusions aligns well with the meticulous nature of financial analysis. The adaptability and curiosity inherent in science graduates also make grads well-equipped to thrive in a constantly evolving industry, especially in the face of technological advancements and regulatory changes.
A career in banking and finance offers a pathway to apply scientific skills in a different context and provides a dynamic and intellectually stimulating environment with ample opportunities for career progression.
What are the career opportunities in banking and finance?
A quantitative analyst, often referred to as a "quant," is responsible for applying mathematical and statistical methods to analyse financial markets and investment strategies.
Their role involves developing sophisticated models, using data analytics, and providing insights to help make informed decisions in the realm of finance and investment.
Science graduates with strong mathematical and statistical skills are well-suited for roles as quantitative analysts.
As financial landscapes evolve and data becomes increasingly complex, the demand for skilled quants is likely to be in demand, making it a promising career for science graduates.
Expected average salary: $119,731 *Indeed
Data analysts play a crucial role in extracting meaningful insights from large sets of data, using statistical and analytical techniques to inform business decisions.
Their responsibilities include cleaning and organising data, identifying trends, and providing valuable recommendations to inform business decisions.
Science graduates can leverage on their analytical and problem-solving skills to explore opportunities in data analyst roles, with a particular advantage for those who have a strong foundation in mathematics.
Expected average salary: $96,693 *Indeed
Risk analysts are responsible for evaluating potential risks associated with investments and financial decisions of an organisation.
Using mathematical models and statistical tools, they assess the probability of adverse events, helping organisations make informed choices to mitigate risks and ensure financial stability.
Science graduates are well-equipped for roles as risk analysts due to their strong foundation in quantitative skills, including mathematics and statistics, which are essential for assessing and modeling financial risks.
Expected average salary: $110,000 *Seek
A technology consultant is a strategist and problem-solver, using their expertise in the digital realm to enhance businesses. They analyse, optimise, and implement technology solutions, bridging the gap between technical possibilities and organizational goals.
As the finance sector becomes more technology-driven, science graduates can work as technology consultants, helping financial institutions implement and optimise advanced technologies, such as blockchain, artificial intelligence, and data analytics.
Expected salary: $140,000 *Seek
Financial analysts conduct in-depth analysis of market trends and assess financial statements.
These professionals contribute to strategic planning by offering insights into investment opportunities, risk management, and financial performance.
Their expertise in analysis helps organisations effectively allocate resources.
Science graduates with a keen eye for detail and analytical thinking can excel in this role where they can apply their quantitative talents to unlock market insights and guide informed financial decisions.
Expected salary: $98,287 *Seek
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Matthew Fitzpatrick