Careers in finance can be rewarding. Many job opportunities are available for a person who holds a degree in finance. However, the job market can be highly competitive. It seems to be difficult even to get a job at an entry-level. Hence, it is essential to brush up on your knowledge, work on your strengths and weaknesses and make the best of your internships.
There are endless job opportunities for a finance degree holder. There are many areas in which you can specialize and offer your services. It also depends on what you like to do, how much time and effort you are willing to put and whether you want to pursue higher studies as well. In this article, we will go into the many jobs that you can do with a degree in finance and what these jobs entail.
The Many Job Opportunities Available
Financial planner
You will have to regularly work with clients and help them make proper plans to ensure their current financial health and future finances are strong. You will have to be equipped with relevant knowledge about the major trends in the security markets and effectively advise your clients. You must relate to them professionally every step of the way and make them develop trust in you. Along with investments and savings, you can also help by advising on mortgage, pension and insurance.
Financial analyst
The work of a financial analyst is vital for businesses. A good financial analyst can significantly help the company in making better decisions. Financial analysts must have excellent research and advisory skills. As a financial analyst, you will have to dip your toes into many disciplines, know how to gather reliable data for the organization you are working under and know how to make good recommendations. You will have to know how to think strategically and have excellent presentation ability.
Accountant
Obviously, as a finance student, you will have spent a considerable amount of time developing accountancy skills and having an appreciation for numbers. You will have to make and review financial statements and perform accounting work for the company. Many companies and industries are always on the lookout for smart accountants. You can even work as an in-house accountant.
Teaching
By the time people get a degree in finance, they become extremely skilled at making presentations and getting their point across to people. Teaching is a very satisfying path to undertake. Teaching jobs are available at high school, college and universities. There is no shortage of teaching opportunities.
Entrepreneurship
As someone who has an understanding of finance, you will know what it means to make sound and healthy financial decisions for your startup. By having knowledge about the market and its many trends, your chances of success are much higher than an average individual.
Management consultant
As a management consultant, you will have an excellent pay figure. The responsibility is immense. You will have to assist companies in solving their management problems and optimizing their performance. Every day is different in this job. It is a very dynamic role that needs incredible passion, commitment and interest for travel. You have to constantly prove your worth by giving your clients the best consultancy services and showing visible results.
Venture Capitalist
Working for a venture capital firm can be very satisfying and demanding. This is not an easy job to get. You will have to put in a lot of effort. This job requires you to have to carefully assess if a startup company is worth investing in or not. You need to see whether the startup company has a stable cash flow or not. After all, cash management ensures a startup’s success, and these startups may even need cash management services as they grow in size.
You will have to allocate resources smartly, learn how to get the best deals on fair terms and help entrepreneurs scale a company effectively. Hence, you must be highly skilled in analysis.
Actuary
Actuaries are responsible for assessing the various risks associated with a business and help their clients to minimize these risks effectively. To understand the risks involved, actuaries use mathematics and statistics. Most actuaries work for corporate finance, insurance companies and investment banks.
They need to have the ability to present deeply complex information in a simple manner and communicate it in layman’s terms. This is a job suitable for those who like to be constantly mentally stimulated. However, becoming an actuary is no easy feat. The examinations tend to be very difficult.
In Conclusion
These are just a few of the many options available for a person with a degree in finance. This indicates the kind of job prospects and capacity to earn that is available for a finance degree holder. Be sure to hone your skills, put in the time and effort, know what suits you and make the best of your finance degree.
