In the old days a career in finance not offer anything more than back-office recording keeping job. A financier was understood to be a record-keeping man in the organization.
However, with the development of business landscape, the role of finance has evolved and become more demanding. The structure of modern finance man occupies much broader role involving decision-making, planning, monitoring financial operations of the company.
Within finance, can find a variety of job roles that are not limited to just the accounting field. You can explore financial career options in various industries such as financial services, financial planning, asset management, regulatory compliance, business, financial, and so on.
These different jobs need to have a completely different skill sets, and you can choose a financial career that suits your personality and skill level.
If you are analytically oriented, you can choose a career in risk management, where your job is to measure and manage risks faced by the bank or financial institution. Alternatively, you can also take part in the insurance industry as an actuary where you ass risk of loss, and the design and pricing of new products insurance. These jobs require number crunching skills. You are also expected to be very efficient as a small mistake can turn into big losses.
On the other hand, if you are very outgoing and like to meet people, you can be better positioned to sell financial instruments. You may want to join a bank or insurance company, and promote financial products to prospective customers. In a bank, you are expected to sell financial products such as deposit accounts, credit cards, personal loans, home loans, etc for a career in sales, agencies provide you with a detailed training on their products and common methods to sell. You’re supposed to be a go-getter with the ability to close deals quickly. In most financial institutions, you are paid a decent salary and commission, which is based on sales goals.
One more lucrative career options in business. As a trader you use your employer or client funds to trade in financial products such as stocks, bonds, currencies and currencies in an attempt to make a profit. Traders examine financial markets and identify opportunities to make profits. This is a very stressful job and requires you to have strong analytical skills and strong attitude. A career in business also offers a good salary with bonuses and incentives related to your performance.
However, there are some important career options available in finance, a person is interested in this field can choose from a much wider array of job functions. Best of luck with financial career !