Careers in Finance - An Overview

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There are many things which come together to make for a successful business enterprise. These things are conveniently divided into four key managerial
segments or functional areas of business including the production, marketing, human resource development and finance.

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Careers in Finance - An Overview

  1. 1. ==== ====The Truth About Managing Change:http://blog.pro2sell.com/category/ms-in-finance==== ====Finance is a very broad subject. Speaking in terms of employment doesnt narrow the term much.There are a wide variety of careers and job positions available in the Finance field. Educationrequirements and salary expectations depend on the area of interest, as well as the geographicalposition.Several careers opportunities are available in Finance. Banking is probably the more commonposition that comes to mind. Commercial Banking, Corporate Finance, Financial Planning,Insurance, Investment Banking, Money Management, and Careers in Real Estate are all related tothe field of Finance. Studies done recently have shown that the need for people in the Financefield is growing. Incidentally, as long as there is money involved, there is a need for finance. Somecharacteristics of Finance professionals include; Strategic thinking, and the ability to comprehendcomplicated matters fairly quickly, a new, fresh perspective, and candor. If you are interested in acareer in finance, you should also possess some leadership qualities, have a firm understandingof 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 avery helpful skill in this field. Education requirements vary, depending on the career path that youhave chosen. An Associates Degree would be beneficial for a few minor career choices, but mostcompanies require at least a Bachelors Degree for jobs such as accounting, investment banking,commercial banking, and so forth. You can opt to pursue your Masters Degree, and expect toearn a much higher annual income. Income ranges with a Bachelors Degree start around $25,000per year and top out at over $40,000. Starting salaries with a Masters range from $30,000 to$80,000 annually. Incidentally, if you choose a Bachelors degree, your starting title wouldprobably be "Junior Financial Analyst", as with a Masters it would be "Financial Analyst". So,besides the annual income being higher, with a Masters Degree, you can expect to have moreresponsibility and a much higher "clout" with companies than if you simply pursue a BachelorsDegree.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 courseswould be: Developing Business Perspective, Management and Leadership, Fundamentals ofBusiness, Marketing and Sales, Human Resource Management, Organization andCommunication, Finance and Accounting, Financial Markets and Institutions, Investment andPortfolio 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, dependingon your choice of degree, and the institution that you attend.The Government Finance Officers Association has information, news, and helpful links to help youwhether you are in the Finance industry, or just thinking of entering finance. You can find lists of
  2. 2. 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 financeindustry in the United States and Canada.A look at some current job openings in the finance field, shows that the need for financial advisorsis very much in demand. In California, an Assistant Chief Fiscal Officer, for a county governmentoffice, with only 1 year of experience, has a salary range of $81,765 to $99,424 annually. Thereare many opportunities in the government, if you have a finance degree, and you can expect thesalary to be very competitive. Other, non-government companies, such as AIG, AmericanExpress, and local banks are a good place to get your start in the finance world. Also, private firmssuch as Deloitte & Touche Corporate Finance Canada, Inc., Chapman and Cutler, andWilliam Blair & Company, all which serve the US and Canada, and other private firms hireperiodically for new positions, and offer competitive salaries.If you are inclined to seek your career in the finance industry, research companies well to find thebest one for you. Educationally speaking, most colleges and institutions offer a wide range ofcourses, depending on the focal point of your finance choice. You would need to delve into thepath of finance that you are planning to pursue, and with a little research and a good head forbusiness, you could well be on your way to a very lucrative career in the ever-growing FinanceWorld.Find finance careers and finance jobs at Seek4Jobs.net.Article Source:http://EzineArticles.com/?expert=Marcus_Lim==== ====The Truth About Managing Change:http://blog.pro2sell.com/category/ms-in-finance==== ====

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