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Career presentation

  1. 1. Finance Careers Information presented is from
  2. 2. Careers in Finance <ul><li>Corporate Finance </li></ul><ul><li>Commercial Banking </li></ul><ul><li>Financial Planning </li></ul><ul><li>Insurance </li></ul><ul><li>Investment Banking </li></ul><ul><li>Money Management </li></ul><ul><li>Real Estate </li></ul>
  3. 3. Corporate Finance <ul><li>Work for a company to help it find money to run the business </li></ul><ul><li>Grow the business </li></ul><ul><li>Make acquisitions </li></ul><ul><li>Plan for firm’s financial future </li></ul><ul><li>Manage any cash on hand . </li></ul>
  4. 4. Corporate Finance Careers <ul><li>Financial Analyst </li></ul><ul><li>Credit Manager </li></ul><ul><li>Cash Manager </li></ul><ul><li>Treasurer </li></ul><ul><li>Benefits Officer </li></ul><ul><li>Controller </li></ul><ul><li>Investor Relations Officers </li></ul>
  5. 5. Corporate Finance Salaries <ul><li>Job Title Salary </li></ul><ul><li>Rookie Financial Analyst - Smaller Firm $23k-27K </li></ul><ul><li>Rookie Financial Analyst - Large Firm $26-31K </li></ul><ul><li>Seasoned Financial Analyst - Smaller Firm$33-39K </li></ul><ul><li>Seasoned Financial Analyst - Large Firm $38-47K </li></ul><ul><li>Credit Manager $30-63K </li></ul><ul><li>Tax Manager $57-105K </li></ul><ul><li>Assistant/Divisional Treasurer $40-78K </li></ul><ul><li>Chief Financial Officer Big firm 232-295K Small firm 80-120K </li></ul>
  6. 6. Commercial Banking <ul><li>Provides banking services to individuals, small businesses and large organizations. </li></ul><ul><li>More people are employed in the commercial banking sector than any other part of the financial services industry. </li></ul>
  7. 7. Commercial Banking <ul><li>Opportunities to learn about business, interact with people, and build up a clientele. </li></ul><ul><li>In commercial banking, starting at the branch level, you might start out as a teller to a wide variety of other services such as leasing, credit card banking, international finance and trade credit. </li></ul>
  8. 8. Commercial Banking <ul><li>Credit Analyst </li></ul><ul><li>Loan Officer </li></ul><ul><li>Branch Manager </li></ul><ul><li>Trust Officer </li></ul><ul><li>Mortgage Banker </li></ul>
  9. 9. Commercial Banking <ul><li>Job Level Salary Degree/Exp </li></ul><ul><li>Trainee/cr analyst $27,000 Bachelor’s </li></ul><ul><li>Jr Loan Officer $38,000 BA + 3 Years </li></ul><ul><li>Loan Officer $60,000 BA + 5-7 years </li></ul><ul><li>Sr Corp Loan Off $65,000 BA +10 years </li></ul><ul><li>Dept Mngr $100,000 BA +10 yrs more </li></ul>
  10. 10. Investment Bankers <ul><li>Help companies & governments issue securities </li></ul><ul><li>Help investors purchase securities, manage financial assets, trade securities. </li></ul><ul><li>Provide financial advice </li></ul>
  11. 11. Investment Banking <ul><li>Mergers and Acquisitions </li></ul><ul><li>Project Finance </li></ul><ul><li>Trading Securities </li></ul><ul><li>Derivatives </li></ul>
  12. 12. INVESTMENT BANKING SKILLS <ul><li>Key Skill Area Requirement </li></ul><ul><li>People skills: High </li></ul><ul><li>Sales skills: Medium </li></ul><ul><li>Communication skills: High </li></ul><ul><li>Analytical skills: High </li></ul><ul><li>Ability to synthesize: High </li></ul><ul><li>Creative ability: High </li></ul><ul><li>Initiative: Medium </li></ul><ul><li>Work hours: 50-120/week </li></ul>
  13. 13. Investment Banking Facts <ul><li>Hard Work Expected and Respected </li></ul><ul><li>Analyst Jobs Are the Best Entry Point </li></ul><ul><li>Math Skills Can Help </li></ul><ul><li>Communication and Completion Abilities Key </li></ul><ul><li>Teamwork Crucial </li></ul><ul><li>Scientists and Lawyers Wanted </li></ul><ul><li>Contacts are Everything </li></ul><ul><li>Accounting Skills Valuable </li></ul>
  14. 14. Investment Banking Facts <ul><li>The investment banking business is notoriously competitive. </li></ul><ul><li>Investment banking is seeing massive consolidation. </li></ul><ul><li>Investment banking is one of the most global businesses on earth. </li></ul><ul><li>Pick the first firm you work for carefully. </li></ul><ul><li>A good time to send your resume to an investment bank is in November and December. </li></ul><ul><li>Don't forget to check back </li></ul>
  15. 15. Financial Planners <ul><li>Help individuals plan their financial futures. </li></ul><ul><ul><li>How are you going to cover your retirement needs? </li></ul></ul><ul><ul><li>What do you have to do today to put your children through college? </li></ul></ul><ul><li>Requires excellent interpersonal skills. </li></ul><ul><li>A good financial planner understands investments, taxes, estate planning issues and knows how to listen. Increasingly, it pays to obtain the Certified Financial Planner (CFP) designation. </li></ul>
  16. 16. Financial Planning <ul><li>The median salary for financial planners was $55,100 in a recent survey. </li></ul><ul><li>The salary distribution in this business is highly skewed. </li></ul><ul><li>90th percentile salary in financial planning was in excess of $150,000 </li></ul>
  17. 17. Financial Planning Facts/Trends <ul><li>Financial planning is hot and high growth is expected. </li></ul><ul><li>CFP Can Help as a Financial Planner </li></ul><ul><li>High Net Worth Individuals are a Key Target </li></ul><ul><li>Get Involved in local chapters of financial planner organizations </li></ul>
  18. 18. Financial Planning Skills <ul><li>Key Skill Area Requirement </li></ul><ul><li>People skills: High </li></ul><ul><li>Sales skills: Medium </li></ul><ul><li>Communication skills: High </li></ul><ul><li>Analytical skills: Medium </li></ul><ul><li>Ability to synthesize: High </li></ul><ul><li>Creative ability: Medium </li></ul><ul><li>Initiative: Medium </li></ul><ul><li>Work hours: 25-65/week </li></ul>
  19. 19. INSURANCE <ul><li>Determining who to insure, what risks are acceptable, and how much to charge for insurance. </li></ul>
  20. 20. Insurance Jobs <ul><li>Actuary </li></ul><ul><li>Agent and Broker </li></ul><ul><li>Claims Adjuster </li></ul><ul><li>Service Representatives </li></ul><ul><li>Loss Control Specialist </li></ul><ul><li>Risk Manager </li></ul><ul><li>Underwriter </li></ul>
  21. 21. Insurance <ul><li>Career Typical Salary </li></ul><ul><li>Actuary $28,300-65,500 Agent/Broker $14,900-58,700 </li></ul><ul><li>Claims Adjuster $24,500-42,000 Underwriter $25,000-61,000 </li></ul>
  22. 22. Money Management <ul><li>Money managers hold stocks and bonds for institutional clients and are on the buy side of Wall Street. </li></ul><ul><li>Analyze market trends. </li></ul><ul><li>Some money managers use the latest sophisticated quantitative techniques while others do very well using simple intuition. </li></ul>
  23. 23. Money Management Jobs <ul><li>Portfolio Manager </li></ul><ul><li>Portfolio Management Marketing </li></ul><ul><li>Investment Advisory </li></ul><ul><li>Mutual Fund Analyst </li></ul><ul><li>Hedge Fund Trader </li></ul>
  24. 24. Money Management Skills <ul><li>Key Skill Area Requirement </li></ul><ul><li>People skills :Medium </li></ul><ul><li>Sales skills :Medium </li></ul><ul><li>Communication skills :Medium </li></ul><ul><li>Analytical skills :High </li></ul><ul><li>Ability to synthesize :High </li></ul><ul><li>Creative ability :Medium </li></ul><ul><li>Initiative :Medium </li></ul><ul><li>Work hours :55-75/week </li></ul>
  25. 25. Money Management Facts <ul><li>Work on the other side of the fence from the investment banks. (the Buy side) </li></ul><ul><li>Broad Understanding of Business Crucial. </li></ul><ul><li>Must be Able to Take Risk </li></ul><ul><li>You have to Hang in There. </li></ul><ul><li>Have a Strategy to Break Into Business </li></ul><ul><li>More Humane than Investment Banking </li></ul>
  26. 26. Money Management Salaries <ul><li>Starting analyst positions for undergraduates at leading mutual funds, pension funds, and bank trust departments have salaries in the neighborhood of $30,000 to $50,000. </li></ul><ul><li>Equity portfolio managers $60,000-150,000 </li></ul>
  27. 27. Real Estate <ul><li>Residential Real Estate Agent/Broker </li></ul><ul><li>Commercial Real Estate Sales </li></ul><ul><li>Real Estate Appraisal </li></ul><ul><li>Property Management </li></ul><ul><li>Real Estate Advisory </li></ul><ul><li>Real Estate Entrepreneur </li></ul><ul><li>Development and Construction </li></ul>
  28. 28. Real Estate Jobs <ul><li>None require a degree; however, all require that you be licensed and that you have continuing education each year. </li></ul>
  29. 29. Real Estate Salaries <ul><li>Vary depending on type of job. </li></ul><ul><li>Typical real estate agent in a small firm can make about $60,000 gross if he/she works about 35 hours per week. </li></ul><ul><li>Since most are sales types of jobs, upside potential is unlimited. </li></ul>