Saturday, 27 April 2019

Job Options to Consider in the Financial Industry


You are in for a rewarding and lucrative career if you are thinking about getting a degree in finance as your undergraduate degree major. Most people make the mistake of assuming that a degree in finance is only concerned with crunching numbers because of which they forgo this option. In reality, when you have a finance degree in hand, you have the choice of exploring a wide array of careers in different aspects of finance and financial management. Some of the jobs you can consider for a career in the finance industry are outlined here:

Financial Analyst 


Similar to economists, financial analysts are responsible for analyzing financial trends and judging the performance of the business accordingly in order to offer guidance and advice regarding major financial decisions. They can give recommendations about long-term financial goals and investment strategies of a business. They work with financial data and make recommendations based on the analysis of this data. Different types of investments are analyzed by a financial analyst such as stocks and bonds and mutual funds for evaluating their performance and potential to provide economic gains. Analysts can work for governments, banks, corporations and financial services firms.

Financial Manager 


The responsibility of the long-term economic growth of a firm or company is held by financial manager. They have to come up with plans that can make this possible and then implement them properly. Financial reports that are produced by employees are analyzed and reviewed by financial managers in the same way as financial analysts. They also make investment decisions for their firms and make use of cash management strategies. Therefore, their job title can vary as per companies. For instance, they can be known as credit managers or cash managers. While the bachelor’s degree is the primary requirement, a master’s degree in finance can open up even more doors.

Stockbroker 


Individuals working on behalf of clients for helping them in achieving their short-term and long-term goals are stockbrokers and other financial service providers. The job of a stockbroker is to provide guidance to individuals about their investment. They assist them in making investments in various stocks, bonds and mutual funds. A bachelor’s degree is needed for this job and stockbrokers also have to pass an exam regulated by FINRA for obtaining the license needed for working as a stockbroker.

Financial advisors or Planners 


Other jobs in the finance industry include that of financial advisors and planners. Sometimes, these terms are used interchangeably. A financial advisor, who may be working with a debt advice company funds management firm or in the finance department of any company, provides advice to clients regarding financial matters such as how to spend their income for maximizing savings, how to make sound investments and which retirement fund to invest in. While most financial advisors are generalists, some specialize in insurance, savings, budgeting and debt management. They can also help their clients in securing bank loans and give them tips for improving their credit score. They also work with other financial service providers to ensure the interests of their clients are protected.

These careers in the finance industry are challenging and can give you great returns.  

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