Finance is an industry that offers people the chance to earn huge amounts of money. Many financial based employees are among the highest paid in their company. For many people, the money they are paid is not why they are involved in finance.
To be successful when it comes to a financial career, an individual needs to have a keen interest for numbers and the ability to see things that other people do not. Other members of their company may rely on them when it comes to understanding financial data.
Financial advisors can advise individuals and companies on all sorts of financial issues. Those that deal with individuals will focus on personal finance. This might include developing debt repayment plans or even investment plans for the future.
Those advisors dealing with large companies will offer their insight when it comes to cash flow, investment and liquidity. CEOs of companies regularly rely on advisors to help them steer their company in a new direction.
Before you actually become a financial advisor it is likely that you will be put into projects as an assistant. This will allow you to gain valuable experience before you actually start advising clients.
Accountancy is possibly the most well know financial career path. In order to become an accountant, you are likely to need a degree in finance, business, economics or accountancy. From here, you will need to get an internship from one of the major companies.
They will usually offer on the job training for modules that are part of AAT, CIMA or ACA governing bodies. ACA/ACCA is the most recognised qualification on a worldwide basis, so it is worth aiming for an internship where this qualification is part of the training program.
Accountants basically organise company finances to ensure that the correct tax and VAT is paid each year. They can help to reduce tax liability in many cases.
If you are interested in buying, selling and finance, then becoming a purchaser/buyer could be an option. Buyers are responsible for buying items for a company but negotiating the best deal.
Of course, they need to not just get the cheapest deal, but the deal that offers the best value for money. Examples of companies that use in-house buyers on a full time basis include construction and wholesale companies. Again, a degree in anything business, finance or management related is going to be a big help when it comes to getting a job.
Financial analysts work in a range of different job roles. Some companies might employ an analyst to be their expert advisor. They will constantly oversee projects and determine whether certain projects are a good use of funds.
Other analysts might have an investment background. It is common for an analyst to go into the industry of stocks, shares and foreign exchange. Their ability to monitor patterns based on historical price action means that they make great investors. Training varies from degrees, right through to much more niche courses like i2 training.
Alex is an online writer. His focus is writing for websites that are focused around blogs and latest news. Since 2007 he has written over 100 pieces for blogs in a range of different niches. Although he has written for tech, business and construction blogs, his favourite subject is finance.