Careers in Finance – An Overview

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 Finance  is a very broad subject. Speaking in terms of employment doesn’t narrow the term much. There are a wide variety of careers and job positions available in the  Finance  field. Education requirements and salary expectations depend on the area of interest, as well as the geographical position.

Several careers opportunities are available in  Finance . Banking is probably the more common position that comes to mind. Commercial Banking, Corporate  Finance , Financial Planning, Insurance, Investment Banking, Money Management, and Careers in Real Estate are all related to the field of  Finance . Studies done recently have shown that the need for people in the  Finance  field is growing. Incidentally, as long as there is money involved, there is a need for  finance . Some characteristics of  Finance  professionals include; Strategic thinking, and the ability to comprehend complicated matters fairly quickly, a new, fresh perspective, and candor. If you are interested in a career in  finance , you should also possess some leadership qualities, have a firm understanding of risk management, and have strong analytical and problem solving skills.

Keeping in mind that  Finance  is a global industry, a second or even third language would be a very helpful skill in this field. Education requirements vary, depending on the career path that you have chosen. An Associates Degree would be beneficial for a few minor career choices, but most companies require at least a Bachelor’s Degree for jobs such as accounting, investment banking, commercial banking, and so forth. You can opt to pursue your Master’s Degree, and expect to earn a much higher annual income. Income ranges with a Bachelor’s Degree start around $25,000 per year and top out at over $40,000. Starting salaries with a Master’s range from $30,000 to $80,000 annually. Incidentally, if you choose a Bachelor’s degree, your starting title would probably be “Junior Financial Analyst”, as with a Master’s it would be “Financial Analyst”. So, besides the annual income being higher, with a Master’s Degree, you can expect to have more responsibility and a much higher “clout” with companies than if you simply pursue a Bachelor’s Degree.

Whatever degree you decide to obtain, there will be specific courses of study that you must take. Actual course titles will, of course, vary by institution, but an example of your required courses would be: Developing Business Perspective, Management and Leadership, Fundamentals of Business, Marketing and Sales, Human Resource Management, Organization and Communication,  Finance  and Accounting, Financial Markets and Institutions, Investment and Portfolio Management, Business Ethics, Public and Nonprofit  Finance , and Risk Management. Keep in mind that these courses are not the only ones that you will be required to take, depending on your choice of degree, and the institution that you attend.

The Government  Finance  Officers Association has information, news, and helpful links to help you whether you are in the  Finance  industry, or just thinking of entering  finance . You can find lists of companies that are hiring, as well as their salary requirements and educational requirements. There are also links to local training events, as well as general news that affects the  finance  industry in the United States and Canada.

A look at some current job openings in the  finance  field, shows that the need for financial advisors is very much in demand. In California, an Assistant Chief Fiscal Officer, for a county government office, with only 1 year of experience, has a salary range of $81,765 to $99,424 annually. There are many opportunities in the government, if you have a  finance  degree, and you can expect the salary to be very competitive. Other, non-government companies, such as AIG, American Express, and local banks are a good place to get your start in the  finance  world. Also, private firms such as Deloitte & Touche Corporate  Finance  Canada, Inc., Chapman and Cutler, and William Blair & Company, all which serve the US and Canada, and other private firms hire periodically for new positions, and offer competitive salaries.

If you are inclined to seek your career in the  finance  industry, research companies well to find the best one for you. Educationally speaking, most colleges and institutions offer a wide range of courses, depending on the focal point of your  finance  choice. You would need to delve into the path of  finance  that you are planning to pursue, and with a little research and a good head for business, you could well be on your way to a very lucrative career in the ever-growing  Finance  World.

Source by Marcus Lim

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