Options for a Career in Finance

Individuals who are interested in a career in finance typically have a plethora of options available to them. These positions typically require candidates to have advanced experience with numbers and money management. Earning a degree in business finance can also be beneficial in other fields, including marketing or computers. A degree in finance may also be useful in corporate, residential, or government settings.

Credit analyst
The goal of this position is to help businesses and individuals determine their creditworthiness. Using different factors and techniques, their job is to see how likely it is that a borrower will be able to reimburse another individual or corporation if they take out a loan. These professionals should be able to effectively use credit analysis to assess financial history and the current market state to decide if loan repayment would be a realistic option for a certain borrower.

Finance officer
Finance officers are also known as financial managers, and often act as supervisory leaders. These professionals typically work with a fair amount of technology, as the finance industry relies more on computers and other software. Finance officers also often work with data analysis and often act as advisors to senior managers. The exact responsibilities of each individual vary from company to company, but, generally, job duties include the same daily tasks. Difference will appear, for example, in the government, where individuals will be asked to focus more on the budget process and government appropriations, in contrast to those who work in healthcare, where one vital skill includes understanding healthcare finance.

Financial advisor
The responsibilities of this individual usually land between a combination of investment advisor and financial planner. Their main task is to provide financial services to their clients. This job usually requires at least a bachelor’s degree, and completion of the Series 7 exam from Financial Industry Regulatory Authority (FINRA).

Loan officer
A loan officer acts as a guide through the loan process. Loan officers, similar to financial advisors, will assess creditworthiness to see if certain borrowers are eligible for a loan. Other skills that would be useful in this position include experience with computers and various banking applications.

These are only a few options available to those who hold a degree in finance, or a related degree, such as in management or business. However, those who wish to enter into a career that deals mostly with numbers and money management should strongly consider earning a finance-focused degree.

Finance Jobs – How to Succeed in Finance

Finance jobs are very appealing to a lot of people because of the flexible work hours, the chance to work from anywhere you are as well as the chance to have a long harem of clients. But if you are a tiny fish in a big pond then succeeding can be a difficult thing. Because of this, you will have to know the tricks of the trade. Where will you find those, you ask? Well, you’re in luck; here we let you in on a few secrets to succeeding in the world of finance.

Conduct a Thorough Research

Start with figuring out who it is that you want to work for. You can start your career in finance either from a brokerage firm or you can start with a bank or a financial advising firm or you can even start as in independent person. You can go ahead and interview with a lot of places before you actually find out which is going to suite you the best.

Think in Sense of Long Term Prospects

If you think about the future then this is going to be the only way you will be able to get ahead. But you also have to keep one thing is mind, you are not going to start off as a millionaire, you will slowly have to work your way up to the top and it is going to take some time before you start earning in big digits. You also have to keep in mind the type of firm you want to go for according to what you want to earn in the end.

Let us take the example of the traditional firm; you will get a salary along with a performance bonus as well as a commission. Then again if you go for an approach which is independent then you are going to have commission payout which are a lot higher but then you won’t really have a salary.

Find a Good Mentor or Any Mentor

If you can find a mentor then you will have the opportunity to learn from a person who’s have a good finance career for a long time and who will be able to help you every step of the way. You will find that some firms will give you mentors and they will put you through vast training processes, there are also firms available who have mentor programs which aren’t very structured. If this is your case then you can simply call a financial planning association which usually has mentor programs of which you can be a part.

Build Yourself a Work Model

You need to ask yourself about the things which you need to do everyday in order to get a good client base and also to get your business on its feet. You may have to make phone calls or contact people, then you have follow up processes with your clients. So in order to get everything done routinely you need to make a routine so that you can work effectively.