The financial industry has been growing rapidly in present times. It offers a variety of job opportunities for different positions. The financial industry has multiple sub-industries that encompass niche opportunities. The key to individual success is to research, locate and land the finance jobs that have the greatest compatibility with your skills and interests.
To start with this, first, understand what a career in Finance is?
A career in finance is all about managing money. Financial people play a very crucial role in planning and in taking the big financial decisions for their organizations. In this field, candidates can work in different areas like commercial banking, financial planning, Investment banking, and insurance companies and in real estate industries. All areas are related to each other’s and need different skill sets and educational requirements.
Let’s start with the education requirement:
The minimum education requirement to start a career in this field is a bachelor degree from any management or business related discipline. BBA and B.Com are the courses available which one can pursue, these courses focus on giving you a comprehensive understanding of financial management, technological expertise, interpersonal skills and others. A master degree MBA can help you in advancing your career and gives you a deep knowledge of business skills that can help you in grabbing other higher positions. The master’s degree finance is highly specialized and focusing on finance-related issues.
Skills that are really needed to get success:
- Interpersonal Skill
- Good Communication skill
- Analytical Ability
- Problem-solving skill
- Technical knowledge
- Relationship-Management skill
Different career options and their responsibilities:
The financial field offers many options to candidates; one can work within the corporate finance, investment banking and securities firms. Finance MBA’s can also go into the corporate world as a financial analyst or an investment banker.
Here are few career options available:
1.Financial Planner:
A financial planner is a professional who understands the financial needs of individuals and helps them with an investment such as tax, insurance plans etc. They will help you to identify your financial goals as efficiently as possible.
2.Relationship Manager:
These professionals work to improve the firm’s relationships with both partner firms and customers.
3.Investment Banking Analyst:
These professionals help their clients to develop and maintain the effective investment that will meet their goals. They understand the need of their clients and give them possible solutions.
4.Financial controller:
These people are responsible for establishing and executing the internal controls over the company’s accounting and financial procedures. They also handle the cash management system.
5.Chief financial officer:
The chief officer of a company handles all the main responsibilities for managing the company finance including financial planning, management of financial risks, record-keeping, and financial reporting.
6.Finance manager:
They analyze the financial data, analyze the market conditions, trained the team members, approve or deny loans, develop policies, identify financial risks and many more.
These are some different career options available in finance industry,which offers better salary package as well as more growth. Select the best field for you according to your skill and interest in order to grab the best job opportunity in the market.
Job prospects in the area are good and one can get the job in both governments as well as in private sector. There are various job portals where seekers can easily apply for the job.
