Are you good at math and fascinated by how it affects the business world, but you’re not sure which career path to take? A career in finance or accounting can unite your skills and interests with a stable job viewpoint.
Many finance graduates envision a career in banking with excellent pay and excellent ways for development. There are a variety of occupations available for those with a finance degree. So whether you have a bachelor’s degree in finance, a master’s degree in finance, or an MBA in finance, keep reading this blog to find out 5 ideal careers for you.
Finance and Accounting Job Skills Required
Success in finance roles demands a combination of skills. Candidates must be familiar with accounting principles and the fundamentals of financial management. Individuals with the best qualifications should also have excellent interpersonal and communication abilities.
Internships are Important Phase to a Full-time Job
Many companies come to campus to recruit for summer internships, workshops, or networking events. For instance, the Goldman Sachs Undergraduate Camp and the Morgan Stanley Career Discovery Day are two examples.
Internships are difficult to do, almost as difficult as a job, but they are very helpful. They not only provide contacts and experience, but they also exactly lead to a position in the company’s training program following graduation.
Five in Demand Careers in Finance
Finance careers can be quite profitable for those with good quantitative and analytical abilities. Finance is a wide business that encompasses everything from banks and investing to financial technologies. You’ll find the 5 best finance jobs listed below.
- Financial Manager
Financial managers are in charge of giving clients and coworkers financial advice and support. They prepare financial reports and devise plans to help their company achieve its long-term financial objectives. Over 22,000 people are hired each month, showing that the job is in high demand.
Financial managers must be able to create budgets, comprehend financial statements, and assess variation in budgets. Because they are supposed to regularly produce and present capital investment proposals for corporate board members, executives, and coworkers.
Financial managers require outstanding written and oral communication skills. Financial managers are required in every industry.
- Management Consultant
Management consultants make recommendations for improving operational efficiency. Individuals in this position look at a company’s faults or ineffective practices and come up with ways to fix them. A bachelor’s degree in finance is essential, but a CMC certification can help an individual stand out in the employment market.
Management consultants benefit businesses in resolving issues, improving corporate performance, adding value, and maximizing development. It also required them to find solutions to company problems and give recommendations to administer. Management consulting is a very successful career in terms of both job satisfaction and pay.
- Financial Advisor for Individuals
Financial advisors guide individuals with various issues, like life insurance, savings, taxes, estate, and retirement planning. A bachelor’s degree in finance or accounting is ideal for securing an entry-level career.
Communication skills are a must-have in personal financial advisors because they analyze and explain complex subjects to non-experts. As a result, liberal arts students’ critical thinking, analytical, and writing skills can be valuable.
This occupation is supposed to increase at a quicker rate than other occupations. You can work for financial services organizations or as a self-employed consultant as a personal financial counsellor. Because many of your clients work during the day, you’ll need to accommodate night and weekend work in your schedule.
- Financial Expertise
Financial analysts evaluate the financial data of a company. They can provide direction to organizations making investment decisions and forecasting for the future by examining historical financial and investment data and estimating future revenues and expenditures.
Financial analysts work for a variety of companies, including investment firms, insurance firms, consulting firms, and other corporations. They generate reports, conduct business research, and develop forecast models while analyzing budgets and income statement predictions. They frequently make recommendations for investments, cost reductions, and financial performance.
For an analyst position, you should have good IT skills besides a B.A. in finance, accounting, or economics. Financial analysts are data-driven and computer savvy finance graduates with strong strategic thinking skills and a passion for statistics.
- Accounting Manager
Accounting has always been a popular choice for finance graduates. Accounting managers are in charge of the accounting department of a company. Companies and individuals hire accountants to help with financial business difficulties like taxation, profit-and-loss analysis, budgeting, and fraud detection.
During tax season, accountants are normally the busiest person in n organizations. Candidates need to have a bachelor’s degree in accounting or accounting abilities to be considered for this position. Other options in accountancy include forensic accounting, tax advisors, and chartered accountancy.
