Some typical arenas for working in finance include in actuary insurance , corporate finance or real estate, financial planning, investment banking and money management. Many of the skills and abilities needed for each area overlap and can benefit you as you move further in your field, or decide to change your focus.
It's important to choose your focus in finance—although many of the principles, skills and abilities you learn will be useful across the board. Most people who earn a bachelor's in finance work in areas including commercial banking, financial planning, investment banking, money managing, insurance and real estate.
Other areas of interest are finance include private equity, commercial lending and sales and trading. There's great opportunity for upward mobility when you work in finance. Starting off as an assistant or junior executive, it's possible to work up to more senior positions in your sector. If you enter the field with an MBA, you're primed to succeed. Financial analysts, planners and bankers can move up their respective ladders to positions of significant power, such as chief financial officer.
If you'd like to enter academia, doctorate programs in finance are available. By imparting a deeper understanding of financial methods, technologies and trends through applied research and studies, these programs prepare students for careers in academic assisting, research and publishing. The U. Do money and business matter to you, but you're not sure finance is your field?
Insurance companies make money, by and large, from individuals and companies who buy their insurance policies, so sales are an important part of the business. Therefore, your working environment will probably have a performance culture regular targets and objectives to meet. The best actuaries have a good head for numbers and are highly self-motivated.
They are astute problem solvers, hard workers and effective communicators — both in writing and when speaking. The work can be changeable so being flexible is essential. Owing to the technical nature of the job, specialised maths knowledge at least maths A level is sought by employers.
Actuaries are mainly based at a desk. However, some actuaries, particularly consulting actuaries, travel to meet with clients. Similar to their insurance counterparts, actuaries, on average, work an eight-hour day early on in their careers. But working hours can vary, with consulting actuaries and actuaries who work in the investment banking field, for example, having more unpredictable schedules and often working more than 40 hours per week.
This will involve studying, attending lessons and taking exams while doing a full-time job. Most actuarial jobs will be with financial organisations in the private sector, where an underlying aim is to make and retain money. So while profit is important, specialist knowledge, intelligence, precision and delivering dependable information is the priority. The Degree Explorer helps you plan for your future! Match your interests to university subjects and explore each recommendation to find out what suits you.
Our regular newsletters will give you the advice you need when you need it most. Join our mailing list to receive monthly newsletters from our TARGETcareers and Inspiring Futures teams to help you support your school leavers in their career and university decision making. Home Career sectors Finance Would a career in finance suit me? Would a career in finance suit me?
Save to save. When contemplating if finance is the right career sector for you, think about what makes you and different financial organisations tick. Quick links for this article Accountancy Investment management Banking Insurance and actuarial There is a huge variety of jobs available in finance, for school leavers and graduates. Accountancy Accountants help organisations — from small charities to global businesses — and individuals to manage their finances so as to comply with relevant legal regulations and plan appropriately for the future.
Investment management There are two main aspects of investment management: making intelligent investment decisions and client service.
Banking The nature of the roles within each division vary, as do the skills and personal qualities required to succeed in them. Retail banking Retail banks serve individual customers who can range from a teenager opening their first current account to a pensioner seeking a high-interest account for their savings.
You may also have a look at these detailed financial articles for further clarity —. Thanks for sharing this article. Very useful. Well I am new to this finance world and want to learn all study related to finance. So I am really confused where to start from? Would like to prefer me some advice? If you are new to finance, a great place to start will be Finance for Non Finance.
Later you can learn more about individual topic in detail. This will definitely work for you. Happy learning. Thanks for sharing this post. Very informative. Sir I also had a doubt related to Finance study that is doing MBA in finance is a suitable degree or are there any rules to do so? Also if you can give me some advice for better career. Thanks for your kind note. And yes MBA in Finance of course a suitable degree and there is no specific rule that only people you have completed finance graduation should do this.
I would like to tell you completing engineering and then doing MBA will add more value to your career. This will help you to get a higher position than other graduates. All the best!! And happy learning. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
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