career in finance

When we were young, we already had an idea of what we want to be when we go grow up. Sometimes, these changes as the years go by. While there are advantages in whatever profession we choose, we should also look at the disadvantages if this for instance will be a career in financing.

What is wrong with financing? If you think about it, nothing given that it is an honest job with a considerable rewards. But not everyone will be able to stay here for the long term which is why you have to weigh the pros and cons.

First, can you see yourself doing mathematical computations and giving advice to someone who is probably earning more than you? The truth is, some people can while others can't.

The best test of all will be how well you excel in subjects like calculus and economics in school. You have to be able to understand these concepts and then use these tools to your advantage. Then again, there are people who may be good in one subject or both while there are those who will probably excel in other subjects.

Learning concepts is one thing but doing this job every single day is another. A good idea to talk with professionals who have been in the financial industry and see how it works there. Make up a list of questions and ask for clarifications if there is something that you do not understand.

It will also be a good idea to read up on the finance industry so you know what you are getting yourself into 4 years from now once you graduate from college.

If you still choose to have a career in financing, here are some of the disadvantages you will hear or experience. You shouldn't be discouraged about them but keep them in mind as you are starting your career in finance.

Professionals who have obtained their CPA's and start work as accountants do not earn that much compared to those who are involved in investment banking and consulting. Also, they handle multiple projects at certain times especially during the end of the financial year or when it is time to file income tax that means overtime just to get the job done.

There is also the pressure given that you are in a fast paced game and you are dealing with other people's money. If you screw up, this could mean financial ruin for them and you will be hired on the spot. But those who succeed can get a promotion, earn much more than they did before and even get to work abroad.

If you think about it, there are advantages and disadvantages in just about any job or career that you decide to pursue. How you are able to deal with it is the challenge that you will have to face on your own. Those who can stand the pressure will probably stay for the long term while those who don't will quit and shift into another career.

Doing some research and getting your feet wet will probably give you an idea of how things are like working in the finance industry. This is what on the job training or internships are for so you know what its like in the real world. With this information, you can then see if the advantages outweigh the disadvantages for you to purse a career in financing.

career in finance

For those who enjoy the challenge of working with numbers on a daily basis, an accounting finance career is right for you. With the tools that were taught in school, you will be able to help a company or a business run efficiently.

But what is the first step that you have to take? Most companies will require that you graduate with a bachelor's degree in accountancy, business, economics, math or statistics and also obtain your CPA or Certified Public Accountant's license.

Given that the job market is very competitive, you will also have to get a master's degree and be familiar with the latest accounting software around given that most companies use the computer these dates to upgrade records or add new information.

For the most part, accountants do not go out of the office much when everything they have to do is in front of their desk. But if the accounting firm has a client, they will have to leave and perform an audit in the customer's place of office.

The working hours for most accountants on average are 40 hours a week. However, this gets longer during the tax season and towards the end of the financial year.

Your accounting finance career can go into one of the four major fields. If you want to be a public accountant, you work for corporations, the government, a non profit organization or one person. You can advise the client on tax matters, preparation of income tax returns and provide advisory services for you when it comes to running their businesses.

If the accounting department you are working of is quite big, you are able to specialize for instance simply working on the employee's compensation and benefits.

Management accountant is another and here, you will be responsible for asset management, budgeting, cost management and performance evaluation of the company. Your analysis of the financial information given to you is needed to help top level executives make strategic business solutions that will affect the company as a whole.

But a vast majority of accountants work in the public sector. They maybe employed on a federal, state or local level and their job is to make sure that all the money collected from the people through the form of taxes is accounted for.

The last option is known as internal auditing. Those who work here check and balance the company or the client they are working for in all facets of the organization so money is never mismanaged or wasted. They also recommend new procedures so incidents of fraud do not occur.

Graduates fresh out of college will not be handling an account or given an assignment on their own. They will be assisting accountants who are more senior to them and then after a year or two, be promoted to that position before becoming a manager or even a partner later on.

During this time, you will be able to specialize in one of the four fields mentioned or shift towards something else. Many professionals have gone from public accounting to internal audit or management accounting. But it is very rare that the opposite occurs.

Getting a college degree and your license can open a lot of doors to get you started on your accounting finance career. So, if you want to pursue this, it is yours for the taking.

career in finance

We all use math daily. While many of us just use the basics to keep track of how much money we gave and the change we should get, those who want to purse banking and finance careers do more than that to keep their clients happy.

People who work in banking and finance are paid well for the work that they do. Four of the fields that many professionals get into include accountancy and tax, Insurance, investment banking and retail banking. Let's talk about each of these.

For people to work in accountancy and tax, you need to graduate and get your CPA or certified public accountancy license. To learn more about what you will be doing, many have to complete an on the job training with a legitimate accountancy firm.

The training period is about three years and afterwards, you can continue on staying with them, working for another firm or going into private practice.

Insurers just like accountants need to be licensed. This varies from state to state so you have to study and then pass the exam. Once you do, your career may make your hotel or to sell life insurance and health insurance or relaxed.

You should also take further classes in the future because although you have your license already, rules change and you have to be aware of them.

Perhaps the biggest challenge selling insurance is deciding whether to work for an insurance company or doing this on your own. There are advantages and disadvantages doing both. When you are employed, you get a basic salary while those who decide to work for themselves can only make money earning commissions when a sale is made. How well you do is entirely up to you.

Investment banking is different from regular banking because you are there to raise capital for a company by issuing shares or bonds. Later on, you may even work with a team that advises companies regarding mergers and acquisitions.

Also under investment banking is capital markets. Here, the professional is tasked with trading bonds stocks and other financial products to increase the portfolio of the client.

But before you get into that, most entry levels personnel start out doing research first about certain companies and who are their competitors. Their information is then passed on to the account managers who will then advice the client.

Lastly is retail banking which many of us are aware of because these are the people we meet in the bank from the teller to the bank manager when we need to deposit or withdraw cash and apply for a loan.

Unlike accountancy or insurance, you don't need to get a license to do this kind of work. You just have to be customer oriented with strong interpersonal and communication skills since you will be dealing with people.

Tax and accountancy, insurance, investment banking and retail banking are the four basic types of jobs for anyone that wants to pursue a banking and finance career after graduation from college. Career progression in any of them is excellent and this can only happen with additional training and at times a license. This can be achieved by part time study so all you have to do now is weigh your options and then go for it.

career in finance

Finance offers a wide variety of career paths across the globe. Though educational attainment, training, age and other requirements differ from one country to the next, finance offers a lot of exciting and challenging careers.

This is one of those careers that is very much in demand, and is teeming with great opportunities, great pay and other benefits that you can enjoy.

Being a worldwide industry, you may also apply for jobs abroad. Possible careers in finance are Commercial Banking, Financial Planning, Corporate Finance, Real Estate, Teaching, Insurance, Investment Banking, Managerial Positions related to financing and Consultancy.

Why land a career in finance?

Finance related careers are very universal in nature. It deals with one of the most important aspect in business and that is money management, investment and banking.

Since time immemorial, men have been involved in commerce, trade, investment and business. Through the ages finance has been the core of men's existence. The civilization that best handles its finances wins wars and is in a better position to take care of its people.

It is one of the oldest professions in the world, intricately developed by time, knowledge and experience of mankind. Anywhere you go you will never run out of work. With its broad concept, finance is practically everywhere. It exists in every store, bank, market, shipping and business establishments.

May it be a profession or for business purposes, finance related careers are very practical and a perfect guide in generating income and managing your expenses at the same time.

Qualifications in a Finance related career

Most professionals have invested much in terms of education, training and skill development. Finance related careers are of no exception. First, you'll need at least an associate's degree, although most companies such as a bachelor or master degrees like a high degree. The higher your educational attainment is, the higher your salary will become.

Degrees such as accounting, commerce, commercial banking, business management, investment banking and others are usually the popular career courses in finance. It is also better if you enroll in self improvement classes to improve your chances of getting hired, and if already working grabbing a promotion.

Learning a third or fourth language will also give you an edge in getting a good job in various countries, or to be sent to another country by your company for a much higher pay and better benefits.

Courses that one has to take in college vary from one country to another. Examples would be the following: Human Resource Management, Fundamentals of Business, Business Ethics, Developing Business Perspective, Finance and Accounting, Management and Leadership, Investment, Risk Management, etc. Of course, it is understandable that these are not the only courses you will have to study but there will be other seminars and trainings that will hone your skills in the profession of your choice.

Job openings

There are companies that are offering good starting salaries, and if you perform well they will award you with competitive pay plus fringe benefits. You may also choose between working for the government or a private company. There are agencies that hire professionals related to finance almost periodically. Vacancies can be found in newspapers, ads, and in the internet. GP

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career in finance

If you have a knack for numbers, particularly if you are good in understanding and interpreting figures, then a career in the finance industry may be just right for you. Certainly, working in finance is not for everybody. It takes a person with an analytical mind and a certain discipline to make it in this business. However, if you are one of the chosen few who manages to enter the world of finance, then the sky is usually the limit for the talented and driven.

As the name indicates, the business of finance is primarily concerned with financial resources or, more precisely, how individuals and institutions handle their financial resources. Finance considers how they get their money, where they use it and what they use it on and it analyzes the risks involved in each of these phases as well as gives recommendations about how to manage the risks.

Although not many are qualified to work in finance, there are a number sectors in the financial community that offer many exciting and rewarding employment opportunities. Here are some examples.

If you want to break into finance, perhaps there is no sector that is easier to penetrate than the commercial banking sector. It is a good place to learn the basics of the business of finance. That is one reason why commercial banking has the most number of people of any sector of the financial industry. Aside from the opportunity to learn about the business, working in a bank will also put you in touch with a wide range of people and gives you the chance to develop your own clientele. The most basic entry-level position is as a bank teller. From there, it is a short jump to other more challenging job opportunities such as leasing, credit card banking, trade credit and international finance.

In corporate finance, you handle the internal finance requirements of the corporation that employs you unlike in a bank where you handle the financial requirements of several clients at a time. The in-house corporate finance department sources money for the development of the business, particularly for expansion and acquisitions. The entry-level position in a corporation is as a financial officer.

A corporation also employs a financial planner, a vaunted position whose sole concern is planning the future finances of the company. This position requires great vision and foresight, as well as a firm understanding of investments, estate planning, as well as taxes.

Jonathon Hardcastle writes articles on many topics including Finance, Gardening, and Real Estate

career in finance

If you like working with numbers and are fascinated with what you can do with numbers, then you should consider a career in finance. Nowadays many businesses need individuals who can manage money and get profitable returns. It is not as easy as it sounds because you are expected to go through secondary school first, and then if your grades are good, you can proceed to college and acquire a degree in economics, finance, accounting, math, or even statistics. There are many options available to you where you can apply for a job.

The banking industry is one of the most popular options, with positions like corporate banking, corporate finance, financial planning, investment planning or money management you cannot go wrong. There is a growing need for people who are in the finance field. So it's a good idea to broaden their horizons by constantly reading and keeping abreast of any changes that may arise in the business world.

If you get into corporate finance, you will probably work for a corporation and you will be charged with the duty of sourcing money to develop the company, make acquisitions and ensure that the company's future is secured. You may start out as a financial officer. A career in financial planning would be mainly concerned with strategizing the financial future of the corporation. You have to understand the way the world of investments, taxes and estate planning works.

You also have the option of being a consultant and helping individuals plan their income for the future, like planning how they pay their kids college fees or retirement. If you go for a career in investment banking, you will be in charge of helping investors purchase, manage or trade financial assets.

Mercy Maranga writes content on Finance and Finance Management. Visit her site here for more information on Finance. Finance Information

career in finance

Public speaking can be very satisfying. Apart from the ability to boost your career finances, it is a source of self-actualization and of building both confidence and self-esteem.

After maybe the second or third time I was asked to speak in public I began to enjoy it; being able to communicate ideas to a group or even influence that group is a powerful feeling. When people accept you and your ideas as a public speaker, it has a measurable impact on your feelings of achievement and as you build your public speaking confidence you can also measure the impact on your career finances.

When you develop your public speaking skills, you will find that people view you put forward more, you become more visible in order to determine the organization of the decision-makers and you know that this can be a large number of important is your career. It can boost the apparent authority you have, especially when you are requested by senior, influential people.

If you want to advance your career and hence give your career finances a boost, you could do no better than by immediately brushing up your public speaking skills and volunteering to give a speech or lead a session in a seminar.

Perhaps you have tried it before and didn't enjoy it? There are a number of simple techniques to help you which do not take too much to master. Try 'The Ten Habits of Highly Effective Speakers' to see what I mean.

Many people think that the greatest measure of success is discerned by how long you have been in your job or what level of qualifications you hold. However research has shown that people who give more speeches tend to command higher salaries than those who give fewer or no speeches.

In some of the, lets say more 'practical' roles, such as engineer, the value of being able to give powerful presentations is often underestimated, yet notice how the one who can give a good speech, perhaps communicating some complex idea to laymen, is often the one who gets the promotion and the boost to their career finances.

In other jobs, say a client-facing role, you know you will have to give speeches so you better do what you can to be the best at them.

Whatever your role in employment or even in life, there will be instances when you simply have to talk in public. If you have opinions of any kind, the day will come when you have to speak to defend them or inform others publicly.

Peter Fisher is Coach and Webmaster for www.Your-Career-Change.com where you can download your free Special Career Change Report and 63 page PDF e-book "Big Book of Job Hunting Tips".

career in finance