Finance is undoubtedly one of the most promising and high-growth career fields today. Careers in finance are stable and offer great salaries, and you may work with large corporations or even individuals or start your own consulting business. There are many careers in finance with the potential of long-term growth in managing money, assessing investments, or giving financial advice.
Finance may feel complicated to beginners, but many careers are very beginner-friendly, and can be started with some basic understanding and courses, and some practice. In this article, we will review the 5 best careers in finance, and for each career, we will review the types of skills required, the salaries generally earned, and the reason each is a best career.
A financial analyst analyzes and studies data for reporting finance to help businesses decide on good financial decisions. Financial Analysts analyze the profits, losses, investments, and trends that inform businesses on budget spending. Many financial analysts will work with banks, investment companies, or corporate businesses helping prepare financial modeling and reports.
This role is an excellent fit for someone who is driven by research, enjoys numbers, and is interested in how money flows in businesses.
The role of investment bankers is to help companies access capital, complete IPOs, or facilitate mergers and acquisitions with other organizations.An investment banker handles millions of dollars in transactions and multi-million-dollar transactions with their clients. Exciting and fast-paced, it does involve a lot of hours, yet it is a very profitable career.
Those who are goal-oriented, can communicate effectively, and feel at home in the process of aggressive corporate transactions will do well in this occupation.
The Chartered Accountant (CA) is a specialist kind of professional accountant who performs taxes, audits, and accounts for organizations.
Chartered Accountants must also ensure that common firms are legally compliant with all financial requirements, while also identifying legally compliant items that will provide companies savings. A CA is capable of performing work in any organization, consulting firm, or governmental organization, or as an independent consultant.
Accounting - and being a Chartered Accountant - is a respected and understood form of professional role within society and is arguably the ideal career choice for those with social attention to detail, self-discipline, and an ethical orientation.
Financial planners will analyze a person’s total financial operations. Financial planners will provide their advisory input to the client in relation to investing, insurance, retirement planning, and tax-saving opportunities for the client. Financial planners will demonstrate financial literacy in addition to social skills and requisite licensing and would likely pull together the financial plan, advise where required, and then allow the client to decide how to invest the capital.
Stock traders and analysts deal in the buying and selling of stocks, bonds, and market securities. Analysts review the market and give advice on which stocks to buy. Traders do the buying and selling, either on their own or for other firms.
This is a highly energetic job. As a trader or analyst you have to be someone who indulges in real-time decisions, loves numbers, and stays current on economic news.
Finance careers have the dual purpose of wealth creation and the actual solving of real-life problems for economic impact. You name it; whether you want a secure government job, freelance options, or dealing with big bucks in an MNC, finance has something for you.