The financial industry is made up of the stock market, financial services and investment instruments. All three categories offer several jobs in finance to students pursuing diploma or degree courses in accounting, economics, finance, business studies and statistics.
Jobs in Finance: Options
The following are some career options for jobs in finance:
Financial Architect: This professional develops effective, sophisticated and flexible financial plans for his/her clients. This involves taking care of the goals and budget of clients. Banks, private consulting firms and mutual funds extensively hire financial architects for designing financial portfolios. As a financial architect, you may also offer wealth management services.
Investment Banker: A highly lucrative job, investment banking involves facilitating mergers and takeovers. Companies facing an adverse financial situation seek the help of investment bankers to get back on track. This profession requires an MBA degree.
Banking Analyst: A banking analyst studies financial information and market trends to help the company maintain its financial standing. S/he also offers financial advice to individuals to reinforce their financial status. The job of a banking analyst entails thorough understanding of MS Excel and financial software programs.
Financial Engineer: The services of this professional include trading the capital of the company for wealth generation, managing investment portfolios, executing risk management and developing new financial products. Financial engineers who have experience in computational finance, capital markets and financial technology are widely in demand in high-profile financial firms. A financial engineer may also offer his/her services to companies as an outside consultant. S/he should possess in-depth knowledge of investment models and applied mathematics.
Financial Advisor: The designation of a financial advisor requires one to assist customers regarding financial planning and investments. This also includes brokerage recommendations and tax planning. Some companies hire financial advisors especially for retirement planning. A financial advisor can perform forecasting services regarding future economic trends, budgeting and tax liabilities.
Financial Manager: As a financial manager, your core job will be to oversee and manage financial reposts, analysis and investment portfolios. S/he also supervises financial legislation and cash management strategies. A financial manager keeps track of balance sheets, the costs and revenue model and income statements. S/he aims at increasing profits and reducing costs.
Financial Planner: This professional helps individuals handle their financial plans and investments. This also involves planning regarding buying shares and bonds, education funds and early retirement. Financial planners are widely employed by large investment companies. Candidates with strong presentation skills are sure to stand apart.
Credit Counselor: This professional offers counseling services to help consumers pay off debts in a planned manner.