How to Become a Financial Examiner
Financial examiners belong to a group of more than 26,000 professionals who serve as watchdogs for the federal government, along with states and major corporations. In short, financial examiners monitor everything from financial and securities firms to real estate companies to make sure their dealings are in compliance with the law. Financial examiners work in just about every industry, but a large percentage of workers are employed in federal, state and local government positions. Others work in the securities, commodity contracts, financial investments, banks, insurance and health care services industries.
Financial examiners typically work 40 hours a week, but high-level examiners may work longer hours when researching and analyzing information obtained from large firms. For most financial examiners, the hard work is worth it. Not only do these professionals enjoy a comfortable work environment and excellent health insurance benefits, they also earn an average annual salary of around $67,000 per year, according to the U.S. Bureau of Labor Statistics. Higher level financial examiners may average more than $134,000 per year. Continue reading to find out what it takes to become a financial examiner.
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Things You'll Need
- Interest in building a long-term career in the finance industry
- Willingness to put time and effort into education and internships
Instructions
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According to CollegeDegreeReport.com, a bachelor's degree is required for entry into this field, but top employers prefer an advanced degree. You should enroll in an accredited bachelor's degree program in finance, economics, accounting or business administration. Just about every college or university offers bachelor's or a master's degrees in these areas.
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Once you have been accepted into an accredited program, you should maintain at least a B average in order to be accepted into an accredited master's degree program. It is important to note that the more competitive the program, the better your academic record should be. Maintaining an A average is always better.
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In your senior year, apply for an internship. Not only will this look good on your graduate school application, it will also provide invaluable experience and contacts. A job offer is a possibility as well.
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As you near the end of your undergraduate program, it's time to start applying for a graduate program. If you're feeling ambitious, why not apply for an MBA program?
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While you are in graduate school, chances are you will be working in the industry. While earning your master's and working in the industry, continue to update your resume and always keep your eyes open for top positions.
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After you have completed your degrees, sit for a certification exam through the Society of Financial Examiners. Find a link in the References section.
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After completing your master's program, if you have not already landed a position, start sending out resumes to different companies.
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Tips & Warnings
Financial examiners may be called upon from time to time to testify in court cases. Most financial examiners receive a consulting fee for their services.
