Filed under Finance Career by admin on July 22, 2009 at 9:35 pm
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Those who are good with numbers may have future careers in finance. This is because most businesses need talented individuals who can manage and at the same time administer money that was entrusted to them in order to post a profit.
But can anyone do it? The answer really depends on the person. In order to get a head start, you need to get quality education. After secondary school, you need to go to college and graduate with a bachelor’s degree in accounting, economics, finance, math or statistics to learn the fundamentals used in the corporate world.
When you graduate from college, you can apply for work in a bank, in a credit agency, insurance, sales or securities.
For those who choose to work in a bank, they will often have to start out as a trainee then be promoted to either approving loans or selling financial services to clients. Some examples of these include bank transfers to financial management.
Credit agencies just like banks offer similar services to clients. The only difference is that their policies with regards to lending are more flexible thus making them friendlier to potential clients.
With healthcare being so expensive, people need insurance coverage and after getting your license, you can go out there and sell these to potential clients.
How can sales jumpstart your career in the world of finance? Simply because people buy things and if these cost a lot of money, someone with your skills can help them plan how they can pay for it. Examples of these include a new home or even a car.
Securities is another field you can get into because the purchase and sale of bonds and stocks increases the value of the client more than keeping money deposited in the bank.
But in order for people to excel in this field, they have to overcome another hurdle and that is to complete graduate school. Why? Because the market is very competitive and there are always new trends and methodologies being discovered that makes you a better professional.
A lot of experts say that a future career in finance also requires a few personal skills. The most important is “people skills” because you will be working with colleagues and dealing with different clients.
You will have to be resilient because when you pitch a sale and things don’t work out how you planned, you have pick yourself up again and be optimistic about the next client that comes your way.
It will also be challenging especially when you will need to work beyond regular hours on occasion to meet the deadline or have a night out with a client. This means you have to be committed if you plan to stick to this career in the long term.
The financial services sector has been growing even before the attacks of 9/11 and will continue to do so in the foreseeable future. Again this path is not meant for everyone but if you are good with numbers and are a people person, you may just have what it takes to excel in this profession.
If you are still unsure, look at your grades in math and talk with your guidance counselor. This person will be able to point you in the right direction then it is up to you whether or not you believe that you have a future career in finance.
Filed under Finance Career by admin on July 16, 2009 at 10:09 pm
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Career opportunities in accounting and finance are endless. This is because when you have either a CA or CPA license with you, it is possible for you to work for a large firm that has offices both here and abroad. Given that every company needs ones, it will not be that hard to find a job.
Some of things that you can get into include actuaries, auditing, banking, chartered accounting, corporate finance, corporate recovery, stock broking and taxation management.
One report shows that employments prospects for these professionals is quite high over the past 5 years and this is expected to continue until after 2010. You will also be handsomely rewarded with a good salary but long hours come with the territory especially when companies and individuals have to file their income taxes and towards the end of the financial year.
Just to give you an idea, newly grades who work in banks earn from $35,000 to $50,000 annually while financial managers earn almost double that amount. Professionals who soon become partners for the bigger firms earn more than $100,000.
But in order for you to get a higher position, you will also need to go back to school. Most financial experts pursue an MBA after a few years in the corporate world. While some return to their employers, others apply elsewhere.
Before you can see yourself up there, you have to work from the bottom going up. While some decide to make it big in Wall Street, you too can also succeed wherever you decide to apply.
The first thing to do is conduct some research. This will make you understand how things work and how news in business affects the industry, the country and the world as a whole.
If you want to get the job, aside from being knowledgeable, you need to have connections that are already there so you are given the position instead of someone else. This means building your network from school and then using it to your advantage.
Associating yourself with those who have done well may give you pointers so you too can be just as successful as them.
But you shouldn’t wait until graduate before you start looking at the various career opportunities in accounting and finance. The best way to get your foot in the door is to apply for a summer position or an internship because most companies hire those who have worked with them for a short period of time compared to those that sent in their resumes. Believe me; you already have an edge right there as you already have an idea about the internal workings of the company.
Just in case the company you worked for does not have an opening right now, you should prepare your resume and yourself for interviews with other companies that do similar activities with what you used to do during your internship.
The average professional who works in either accounting or finance leaves after 2 years. They may apply for reassignment to another department or find employment doing something else. When this happens, there are job openings around for fresh graduates as well as those who already have experience in this industry.
Indeed, there are career opportunities in accounting and finance. You just have to build your network and get it.
Filed under Finance Career by admin on July 14, 2009 at 9:00 pm
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Careers in finance remain very lucrative and very exciting jobs in the corporate world but what exactly is needed to become a professional in this field? First, having a degree in financing or accounting remains a very valuable step in getting hired by most companies that deal with finance.
Accounting and finance careers can be jumpstarted by having a good knowledge of where exactly in financing you would like to find yourself in. You should thoroughly consider the many fields in finance wherein your particular expertise or interests may lie.
There is corporate finance, which involves working for companies and handling the financial side of their operations. A company’s growth often depends on the long-term stable handling of their finances and acquisitions, steady business growth as well as in the more short-term aspects of handling the company’s current available funds. As a career corporate finance professionals are responsible for making a company profitable and keeping it profitable.
You could also consider one of the many jobs in banking. Again, you have to find the right position to get into depending on what you’re interested in. There are a variety of job functions ranging from a bank teller to bank manager, to working in either commercial banking or in investment banking.
If you are more of a people person, then you could find work that involves talking to people, finding out their needs and how to help them. If number crunching is more in line with your interests, then you could work in investment banking and assist firms in raising funds or creating projections regarding business mergers.
Perhaps working in real estate could be right for you. Real estate is particularly valuable because banks and other financial institutions use land as collateral. Real estate-related jobs typically entail being a good judge of the value of land and properties. This could also mean a lot of travel for you and seeing new places as well as talking to the people in those places.
Would you like to work in the area of insurance? Job functions in insurance involve helping companies and individuals maintain security and prevent losses to their properties. Security is such a valuable commodity especially for large companies. Even other areas in finance require insurance of their own. Banking, for instance has its own risks and thus banks usually require the security provided by insurance firms. This security itself can be prized as a solid commodity.
Banks, even though they might not be suffering a risk of collapse could indeed collapse if its clients construe the bank as lacking security. For individuals, the field of insurance gives a measure of security through a variety of policies like life insurance plans, fire insurance plans, as well as sets the car career finance insurance rate for the family and house insurance rates. In insurance and in the other fields of finance, you might be able to find the perfect career path for you.
With the great diversity in careers in finance available and actual new job functions being established all the time as dictated by the constantly varying needs of the clients, then surely there is a spot in this field just right for you, your talents, skills, and interests.