Are you looking for a career? Are you changing careers? If so, you might need to think about the finance sector. The industry offers a treasure trove of employment opportunities that will give you everything from high pay to tremendous benefits to unique opportunities to travel across the globe.
Finance is one of the best industries to work in. Everything from competitive pay to the opportunity to travel around the world, if you are employed in finance, consider yourself fortunate. It is an incredible way to earn a living.
Do you know what are the best careers in finance? And if there are positions, how can you land a job? The following are the six best careers in finance and their corresponding job requirements:
1. Financial Analyst Career
Financial analysts are employed in financial institutions, insurance companies, and pension funds. The primary role of the job is to offer guidance to businesses, investors, and professional services in making investment decisions. They evaluate and judge the performance of a wide range of investments, such as stocks, bonds, exchange-traded funds (ETFs), real estate investment trusts (REITs), and many others.
In order to become a financial analyst, you must love numbers. Every day, you will be dealing with numbers, crunching data, and analysing figures. It is tough work if you are not in love with numbers. However, if you enjoy calculating percentages, making projections, and putting together reports, then any job within the industry is beneficial for you.
2. Financial Planner Career
Whether you want to save for your child’s tuition or you are beginning to plan for your retirement, a financial planner’s job is to work with clients, assess their finances, and make projections on savings and investments. A financial planner will also determine if you are on track, what you need to do to achieve these goals, and if you need assistance in attaining your financial goals.
For this career in finance, you need a plethora of certifications and designations, in addition to a college or university education. Here are just some of the certifications you should consider:
- Chartered Financial Analyst® (CFA®) certification
- Certified Public Accountant (CPA) certification
- Chartered Alternative Investment Analyst (CAIA®) designation
- Certified Financial Planner® (CFP®) designation
- Financial Risk Manager (FRM®) certification
- Financial Modeling & Valuation Analyst (FMVA)® certification
It is always a good idea to attain at least one certificate, whether you are just starting out in the industry or you need to upgrade your resume. The certifications will help you land one of the best careers in finance.
3. Investor Relations Associate Career
An investor relations associate essentially works on the back-end of a company’s investor relations plan by overseeing the release of reports, marketing companies’ products and services, taking care of databases, and developing email campaigns. This is an ideal position for anyone who is great at finance and in communication.
To work in one of the best careers in finance, you must polish your communication skills. Since finance is an intricate subject and most people will stop paying attention once you say a number, you need impeccable communication skills. Without the knack for simplifying something as complex as finance, it can be hard to excel in the sector. Everybody wants any money topic to be as simple as saying, “Cat in a hat.”
4. Auditor Career
Auditing is easily known as one of the best careers in finance. While some may view government auditors as eaters of worlds, an auditor is essential in business. Why? This position prepares and examines financial records, ensuring that a company’s financial records are organised, accurate, and efficiently managed.
5. Personal Financial Advisor Career
Personal financial advisors have never been more in demand than they are right now. This is one of the best careers in finance for young aspiring professionals. With financial literacy rates at record lows, this position has become critical for the young generation of professionals who want their money to work for them.
So, personal financial advisors will understand what their clients’ financial needs are and then help execute their decision on investments, whether it is bonds or stocks. Plus, advisors will work together on other needs, like insurance and tax laws.
6. Senior Tax Accountant Career
Taxes can elicit all sorts of negative emotions for households, businesses, non-profit organisations, and anyone else who needs to fork over their hard-earned dollars. Unfortunately, taxes are a reality of life. It’s just something you have to do – it doesn’t mean you have to like it!
Accounting jobs are among the most critical staffing positions for federal, provincial, and local tax documents. Property tax returns, municipal filings, quarterly payments, tax provision schedules, and consolidation schedules – there are all sorts of tasks that the position will need to perform regularly.
With the tax code only swelling, more Canadians starting businesses, and the rise of the gig economy, this job will be even more in demand for a long time to come.
The finance industry remains one of the biggest in the world, and there are many employment opportunities to go around – at home and abroad. But is it for everyone? And, if you are interested in a job in finance, how can you make certain that you can get a position
