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Career in Finance
There truly are a multiplicity of careers in the field of finance.? Some high paying finance jobs worth mention include investment banking, financial advisory, portfolio management, analyst jobs, trading, banking, money management, hedge fund firms, private equity firms,? real estate firms, and so much more.? Working in finance could mean working in house for a particular company, or working solo with a number of private clients.? However you function, you’ll be dealing with money so you better have some of the following key skills for a career or job in finance :
- Excellent communication skills
- Well versed in IT
- Motivated and Ambitious
- Extremely well organized and task-oriented
- Interest and knowledge in your chosen financial career
- Problem Solving
Education Necessary for Finance Career
Because the finance industry proves to have some of the highest paying jobs, you’ve got to have some extensive training and education to break into this very competitive field.? For the most part, an undergraduate degree is the bear minimum to crack into a good finance job.? An MBA in finance is actually most prevalent in the industry.? The CFA (Chartered Financial Anaylist), CFP (Certified Financial Planner), and FINRA (financial industry regulatory authority) are some of the professional qualifications and lisences that are helpful once you’ve obtained a degree in the field.?? Those are mostly viewed as “resume boosters” once you’re ready to join the competitive hiring process.?
Depending on your city and industry of finance, this can be an extremely lucrative career.? Starting pay for finance majors varies based on these variables.? Actuaries can start at around $93,000, financial managers $110,000, Investment Bankers $70,000, and financial analysts make around $76,000.?? This is based on the national average for these careers, and as stated earlier, these numbers vary according to location and industry.? For instance, investment bankers often have extremely high salaries and while analysts starting pay is fairly average for the professional world, they can make up to $200,000 or more.? Traders’ salaries can go into the 7-figure range.?
This is a great education to pursue in terms of job availability and payoff.? And there has never been a better time to go to school.? There are countless online finance degrees available for those who don’t have time for a traditional college.? It’a possible to do an online finance certificate program, get a finance bachelor’s degree, or an MBA.
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