What to Do with a Finance Degree
Career options are aplenty for individuals who have earned a finance degree. With a special set of skills, finance majors can make use of their mathematical aptitude to help management make crucial business decisions for financial growth.
Finance graduates can target many organizations in need of their services such as investment and commercial banks, brokerage firms, insurance companies and other financial institutions. Here are some hot jobs on the market for those who are into finance:
Money managers
They are in charge of holding bonds and stocks for institutional clients. Money managers, who are often on the buy side of Wall Street, are expected to be skilled in the latest developments in quantitative methodology. Many individuals eventually become money managers after gaining experience in investment banks. Requirements for this position include a CFA certification, fixed income investments and a background in portfolio theory.
Financial analysts
In today’s competitive economy, job opportunities for financial analysts are at an all-time high due to the many developments in investment policies. A financial analyst is usually tasked to research the financial status of a paying client or organization. This includes risk tolerance, financial history and present investments and expenditures.
They are approached for their recommendations and advice on business environments and financial goals. Depending on your specialization, you can become a credit analyst, risk analyst, tax analyst, among others.
Finance manager
Finance managers head investment activities and direct financial reporting and cash management strategies. They are usually employed at professional or government organizations. You are required to call on your creative thinking to see the bigger picture and direct your subordinates accordingly.
Financial officer
Those in corporate finance are expected to manage any cash on hand, make acquisitions and find money to run any business. Large multinational companies are usually in the hunt for individuals with experience in making and growing money in terms of long-term goals. A financial officer for instance is expected to be an expert in terms of dealing with flexibility and liquidity.
Financial planner
Financial planners should have superb interpersonal skills since they are expected to aid individuals with their financial futures. To be an excellent financial planner, you should be able to comprehend taxes and investments and should know how to listen and give sound advice. Those with strong entrepreneurial skills are perfect candidates for this job.
Insurance industry mainstays
Those in the insurance industry are tasked to help businesses and individuals manage risk to prevent financial losses. You need to be knowledgeable in explaining options and policies to clients and help them anticipate potential risk areas. A finance degree is perfect for those who are open into becoming an asset manager, customer service representative or underwriter.
Real estate careers
You can venture into construction, property management, title insurance, real estate appraisal, real estate development, among others. To be able to penetrate this field, you need a regional license, especially if you want to become a real estate broker.