Finance is a
very broad subject. Speaking in terms of employment doesn’t narrow the
term much. There are a wide variety of careers and job positions available
in the Finance field. Education requirements and salary expectations depend
on the area of interest, as well as the geographical position.
Several careers opportunities are available in Finance. Banking is probably
the more common position that comes to mind. Commercial Banking, Corporate
Finance, Financial Planning, Insurance, Investment Banking, Money
Management, and Careers in Real Estate are all related to the field of
Finance. Studies done recently have shown that the need for people in the
Finance field is growing. Incidentally, as long as there is money involved,
there is a need for finance. Some characteristics of Finance professionals
include; Strategic thinking, and the ability to comprehend
complicated matters fairly quickly, a new,
fresh perspective, and candor. If you are interested in a career in finance,
you should also possess some leadership qualities, have a firm understanding
of 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 a very helpful skill in this field. Education requirements
vary, depending on the career path that you have chosen. An Associates
Degree would be beneficial for a few minor career choices, but most
companies require at least a Bachelor's Degree for jobs such as accounting,
investment banking, commercial banking, and so forth. You can opt to pursue
your Master's Degree, and expect to earn a much higher annual income. Income
ranges with a Bachelor's Degree start around $25,000 per year and top out at
over $40,000. Starting salaries with a Master's range from $30,000 to
$80,000 annually. Incidentally, if you choose a Bachelor’s degree, your
starting title would probably be "Junior Financial Analyst", as with a
Master's it would be "Financial Analyst". So, besides the annual income
being higher, with a Master's Degree, you can expect to have more
responsibility and a much higher "clout" with companies than if you simply
pursue a Bachelor's Degree.
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 courses would be: Developing
Business Perspective, Management and Leadership, Fundamentals of Business,
Marketing and Sales, Human Resource Management, Organization and
Communication, Finance and Accounting, Financial Markets and Institutions,
Investment and Portfolio 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, depending on your choice of
degree, and the institution that you attend.
The Government Finance Officers Association has information, news, and
helpful links to help you whether you are in the Finance industry, or just
thinking of entering finance. You can find lists of 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 finance industry in the United States and Canada.
A look at some current job openings in the finance field, shows that the
need for financial advisors is very much in demand. In California, an
Assistant Chief Fiscal Officer, for a county government office, with only 1
year of experience, has a salary range of $81,765 to $99,424 annually. There
are many opportunities in the government, if you have a finance degree, and
you can expect the salary to be very competitive. Other, non-government
companies, such as AIG, American Express, and local banks are a good place
to get your start in the finance world. Also, private firms such as Deloitte
& Touche Corporate Finance Canada, Inc., Chapman and Cutler, and William
Blair & Company, all which serve the US and Canada, and other private firms
hire periodically for new positions, and offer competitive salaries.
If you are inclined to seek your career in the finance industry, research
companies well to find the best one for you. Educationally speaking, most
colleges and institutions offer a wide range of courses, depending on the
focal point of your finance choice. You would need to delve into the path of
finance that you are planning to pursue, and with a little research and a
good head for business, you could well be on your way to a very lucrative
career in the ever-growing Finance World.
About the Author:
finance careers and
finance jobs at Seek4Jobs.net.