Choose A Stream and Plan Your Career In The Field Of Finance
The world of finance is a dynamic one and there are a number of lucrative job opportunities in this field. If you are considering a career choice in the field of finance, then the first you need to decide on a particular stream of finance. The three categories of on which the world of finance are segregated are corporate, personal and public finance. The job responsibility of the professionals differs based on the field that they have chosen.
Educational Qualification Required
Irrespective of the field that you have chosen, the first step to pursue a career in the arena of finance is to obtain a bachelor’s degree that aims at catering comprehensive knowledge to the aspirants regarding financial management, interpersonal skills, technical expertise and also a professional insight that are important for the aspirants to thrive. Advanced degrees required in this arena are Master in Business Administration and Master’s degree in finance. These provide the aspirants with the necessary skills that are required for managerial levels. The MBA degree focuses more on the business skills of students and the Master’s degree in Finance deals extensively with the finance and related issues.
Certification for Specialization
For specialized jobs, you can also opt for certification as a Certified Financial Planner or the Certified Financial Analyst. However, it is important to obtain the certification from the authorized body. This certification also reflects the professionals have the necessary expertise and upholds the required standard. There is also a certification for the security traders and the stock brokers that are conferred by the regulatory authorities of the country. If you want to pursue a career in this field, you can also join a professional organization as that will help you in networking with the stalwarts in this field and also you learn the necessary skills during the process.
Scope of Promotion
After completion of the degree program and the certification, you need to choose a stream in this field, though majority of the skill that you have developed during the process can be utilized in almost all the fields. With the a Bachelor’s degree, you can opt for an entry-level job in the arena of financial planning, commercial banking, investment banking, insurance, management, real estate, commercial lending or trading private equity. Promotion and lifts are assured in the field of finance. If you join your job title with an MBA then, the chances of your lift are assured.
Look for Projections and Data
If you are opting for academia and doctorate programs in this field, in-depth knowledge in this field regarding the use of technology, financial methods and the different prevailing trends, are required. According to the statistical report of the Federal government regarding the job trends, it has been projected that there will be a rise in the job opportunity in this field. You can go through the projections and the data pertaining to the field of your choice and also the expected salary in that field as this can help you in determining the career goal.
Consider the Job Responsibilities in Three Categories
Also determine the job responsibility of the personnel in the different categories of finance. In the arena of personal finance, you need to undertake the different analysis of different risks and planning of tax, investment, estate, retirement and the likewise. In corporate finance, professionals have to deal with the capital of the businesses. Responsibilities include study of the trends, review of the finance related reports of the company, take initiatives to increase the value of the stock and also manage the funds of the company. Another category is the public finance that deals with the finances of the state and the public entities. Few of the responsibilities are actuary, investment planning, financial planning and management of money.
Author Bio: Steve Martin works is a financial planner and he also writes blogs related to the career in finance. He has helped his clients to manage their expenses especially those who have opted for lawsuit loans. Recently he also wrote about the same in http://www.topconsumerreviews.com/lawsuit-funding/.
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