If you are good with numbers and subjects like stocks, investment, real estate, financial market, etc interest you, then a finance major is worth considering in that case. You will need proper knowledge of economics, management, accounting, and mathematics to excel in this field and land a lucrative job. You can also work in a firm for a few years, gain experience, and then specialize in a particular skill. Doesn’t matter if you are a finance student or a graduate, the information provided in this article will be helpful for all who want to make their way through finance.
Personal Financial Adviser
You can become a personal financial Adviser or consultant and help individuals manage their finances. The demand for personal financial advisers is increasing as more and more people are aware of investments, budgets, and savings. They need professionals to advise them on financial matters, retirees’ goals, monthly budgets, etc. A minimum bachelor’s degree is required to become a financial advisor along with a background in economics, accounting, mathematics, or the law.
Accountants and Auditors are responsible for managing accounts of a company, keeping records of the finances, evaluating documents, and making meaningful statements to increase profits. The demand, as well as the competition for the accountant position, is growing. Competitors with higher degrees in management or certification like certified public accountants (CPA) have better chances of securing a good place. Different categories of accountants and Auditors are public accountants, government accountants, internal auditors, IT auditors, etc.
A finance graduate with a strong grip on mathematics is suited for the position of an actuary. Actuaries have a leadership role in finance-based organizations such as accounting firms, banking, and insurance companies. They need strong analytical statistical and predictive skills. Actuaries working in the insurance field are specialized in a particular type of insurance such as life insurance, health insurance, property insurance, etc.
Large enterprises need budget Analysts for maintaining finances and improving budgets. They work with the managers to analyze the budget and monitor the company’s expenses. They also present reports to the supervisors about the financial status of the company. The recruiters generally look for a background in accounting, finance, Statistics, economics, or mathematics for this role. Budget analysts require good communication skills and to educate employees about the budgeting process.
Financial Analysts are responsible for conducting complex financial analyses and making reports demonstrating their findings and recommendations. They work for investors, bankers, corporate finance workers, etc. Their key role is to research stocks, companies, and industries and work closely with managers. The competition is tough in this field but rewarding as well. If you want to know the basics of financial management, you can take lessons from websites that sell courses online about finance and budgeting.
Cost Estimators work closely with project managers to estimate the expenses of a particular project. They may be required to research the costs of various materials services, make a budget, and recommend cost-effective measures. The demand for budget Analysts is always high as organizations become more aware of the cost to maximize profits.
Finance graduates have excellent communication and analytical skills which they can utilize in educating students. They can teach subjects like management, accounting, investments, and marketing at the high school levels. The best way to reach more students is to design lessons and understand online course selling as more students are acquiring online certifications.
Investment banking is one of the most high-paying and popular jobs in the finance sector. These professionals have a keen interest in financial markets and economic trends. They deal with data and numbers and suggest ways to improve business. An MBA in finance and even a law degree can help you enter this field.
Risk management professionals play a key role in minimizing financial risks and maximizing profits in an organization. They are capable of identifying market risks and poor investment conditions. They advise their clients about business matters and can be categorized into Operational Risk Managers, Supply Chain Risk Managers, Financial Risk managers, etc.
So these were some of the lucrative job opportunities in finance. You can research the career path involved in your desired job profile. These job roles are high in demand and competition is tough too. If you truly want to become any of these, keep grinding and improving your skills.