If you’re interested in a career in finance but aren’t sure what job best suits you or how to begin preparing, we’ve got you covered. There’s a lot you can learn from our guidance.
Taking on different roles in the finance field allows you to find a rewarding career. Recruiters can perform numerous tasks based on their abilities and education. As a result, many people choose to work in the finance industry. Those who excel at many finance jobs can even choose their future career.
This article explores various professional finance jobs.
Why get a job in finance?
Financial jobs offer benefits like security in the workplace. One example is the industry’s longevity. Companies and individuals need someone to analyze their budgets, manage their financial accounts and protect their savings. This is because financial work is often high paying.
Recruiters require specific educational training and substantial experience for their salary. Additionally, new hires in the financial sector typically receive significant raises and promotions after proving themselves to be competent. These advantages typically come with just a few years of work experience.
6 Top Financial Careers You Can Apply
Interest in finance careers is a great choice for someone interested in many career paths. Take the time to understand the different positions available in finance before applying for any jobs. This will help you land the position you want.
-
Corporate finance
People interested in jobs in corporate finance typically seek those with a degree in business, management, finance or another related field. Many employers look for employees who demonstrate specialized skills and reliability; some even require candidates to have experience working for a specific company or organization. Outlining your familiarity with a business’s operations will differentiate you from other job candidates. You’ll also need strong communication, technical and organizational abilities to qualify for a position at entry level.
-
Financial planning and advising
A job title that lends itself to interesting finance involves financial planning or advising. This position typically involves meeting with a client to help them plan their finances for both personal and business purposes.
Having financial knowledge can help you directly assist others by advising companies, organizations and individuals in a variety of industries. If you understand financial law and insurance policies, you could be an invaluable asset to many people by helping them with their investments and insurance policies.
To successfully complete a training program for this occupation, workers need to have at least a bachelor’s degree in business or finance. Alternatively, workers can gain experience through working in the financial sector. Other essential attributes for this occupation include communication and leadership skills, as well as attention to detail.
-
Banking
Banking is one of the most recognizable finance jobs. It’s a great starting point for someone interested in working in financial services. Borrowing money, opening savings accounts and checking accounts, and performing other financial tasks are just a few of the services offered by commercial banks. People working in a variety of roles can include:
Branch manager
Bank teller
Marketing director
Loan Officer
Some banks require applicants who are interested in a specific position to hold a bachelor’s degree. However, different banks have different requirements for experience and specific skills. Becoming a bank employee with experience in customer service, administrative and interpersonal skills could be a positive career choice. This is because many successful bank workers are eventually promoted to work in the corporate office.
-
Accounting
Accountants need to maintain a company’s or individual’s financial health. They can work as an accountant on their own, but most work in a financial firm. Analysts in both the public and private sector work to enforce compliance with tax laws and financial decisions. They also assist clients in reconciling their finances and ensuring they stay within established guidelines.
To become an accountant, students need to study business, accounting or finance. These subjects are usually abbreviated as BA, BAF or BAF in colleges and universities. The best accountants have incredible communication, decision-making and management skills.
-
Investment
Ideally, the role of an investment professional is to facilitate connections between companies that need money and investors who have resources to offer them. These professionals are usually well compensated for their work; they’re primarily considered facilitators.
A large number of businesses and individuals choose to invest their funds based on advice from an investment firm or independent broker. This is because highly trained investment professionals are crucial to the financial industry. Many financial experts have a Bachelor’s Degree in Economics, Accounting or Finance. Investment professionals need to graduate from a school that grants them a license. They also need to demonstrate skills such as negotiation, critical thinking and communication. Due to their position in a fast-paced environment, investment advisers and bankers must be skilled in these areas.
-
Insurance
Insurance professionals work in a wide range of roles thanks to their work with large insurance agencies. Insurance companies need salespeople, accountants and customer service representatives. They also need agents and CSRs who help customers with their policies.
Agencies regularly seek candidates with specific skills depending on their desired position to join the insurance industry. These include management, interpersonal, communication, business and finance skills. Additionally, candidates must have at least a Bachelor’s degree in one of these subjects.
How to get a job in finance
Looking for jobs in finance can lead down this common financial career path.
-
Education
Getting a master’s degree in a financial discipline helps increase the chances of getting a high-level career position. However, it’s not required to get the highest level job. Instead, pursue a bachelor’s degree in one of the following fields: business, finance or a related field.
-
Entry-level job
To move up in your career, focus on gaining experience and relevant skills in a lower role. This can be difficult if you just graduated college— so consider finding an entry-level position with a business or company instead. It’s important to continue seeking opportunities to improve your skills, learn new things and grow professionally. This is true even if you’re currently employed by the company. You can also consider seeking employment elsewhere.
-
Seek out a higher-level position
When considering finance jobs, it’s important to consider your strengths and interests. A finance job that’s best suited to you will be determined by your personality, work style, and specific skills. Finding a suitable finance job requires experience in a certain area and the ability to perform well.