Contrary to popular opinions about how limited the finance sector of the economy is when it comes to job opportunities or places where one could work, there is plenty in store for you whether you are already or considering the finance sector as a place to work.
The basic requirement of being a part of the finance industry is an excellent knowledge of mathematics, economics, management, accounting, and auditing. Getting a Bachelor’s degree in any finance-related courses could be an edge for you over others from other academic fields.
People are often bothered about how many jobs are available in finance; this article answers that question. We will look at how many jobs are available in finance that you could make a career.
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Why Get a Job in Finance?
There are several reasons you may want to get a job in finance; aside from a large number of jobs available in the industry, it is one of the comparatively secured industries.
People make money every time, and as long as that continues, finance jobs will always be available. Due to the details and precision involved in financial jobs, finance professionals are highly compensated. There are such great avenues for advancing skills and opportunities for those in the finance fields.
Jobs Available in Finance
Building a career in finance is an exciting one, but understanding the unique fields is essential to avoid confusion when it is that time to choose. We will be taking you through some highly rated fields you can try and a view of what jobs are available in finance.
How Many Jobs are Available in Finance?
There are lots of jobs available in finance. The top jobs available in Finance are:
- Investment Management
- Risk Management
Accounting is the most advertised field in the finance industry; it is not the only field as most have thought. Accounting in itself is an extensive field in finance with several financial services; it is mainly about maintaining the financial books of individuals or institutions.
Graduates from Accounting, Commerce, or Business Administration can go into the field after some certifications from recognized Accounting bodies. Managing the cash flow, profit, and loss of business is the major duty of the accounting field.
Those in the accounting field also provide the necessary financial information to people who need it while explaining it in detail. You may have come across the term “BIG 4” somewhere in the corporate world; they are the top organization that provides professional accounting services to businesses and individuals.
The Big 4 firms are PwC, Deloitte, KMPG, and EY; landing a job in and of these companies could be the very. You can work as an accountant for private individuals, and you can also be a public accountant working for government bodies/ parastatals.
Specialized jobs available to accountants are Corporate Financing which is buying and selling in a business, Fand forensic Accounting, which is different from financial accounting because as the name implies, it deals with investigating financial matters. Management accounting also involves providing efficient and effective business information for financial decisions.
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The main clients are individuals and organizations with huge financial capacities and valuable assets. They require investment management because of the desire to increase their financial and material assets. Investment management involves merging and investing the wealth of these clients while keeping to their required financial goals.
Firms involved in investment management are also referred to as Asset or Money Management firms. This easily covers the type of job they do. Large banks like Barclays are top investment managers, including insurance companies like Allianz.
Organizations that deal with investment management raise money through stocks, mergers, bonds, and several methods. Those who work in this field say it is highly strenuous and requires so much intelligence in financial markets.
People interested in working in this field will need knowledge of economics finance and a Master’s certification in Finance. Internships and graduation from top schools can boost your employability.
Jobs available in the investment management field are majorly investment bankers and brokers who deal with investors directly. You can also work as a trader; this one buys and sells bonds, stocks, and other trade items.
There’s also the post of a Quantitative analyst who develops financial products.
Risks are not alien to general human life, but we leave it to the professionals in the finance world. The field requires highly competent managers because it may take more than an extra eye to identify poor investment options.
How do they come in? They seek to maximize the returns from investments and ensure all necessary risks are strategically minimized.
Mathematical prowess is necessary for effective risk management, and good analytical skill helps you advise clients on business issues. Risk management is a highly competitive field with huge demand for professionals. A different degree as a Master of Risk management can stand you out aside from your degree in any Finance related field.
You can work as a financial or Enterprise risk manager in this field. If you love digital, there’s a place called digital risk. Supply chain risk management is another open opportunity for you.
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Banks have come a long in today’s economic structure; they’ve broken several cliché definitions and gained the trust of many. They provide services to both individuals and businesses with various accounts: Savings, current, and fixed deposits. They also provide debit and credit cards to all service users for more financial ease.
Looking for a field in finance that is future-oriented? The banking sector has been one of those with high technological advancement, so getting outdated is not in question if it offers decent pay and more good work hours than its counterparts.
You can work as an account manager, mortgage banker, bank teller, or credit analyst and be as high as a branch manager in the banking field.
The insurance field deals with two main functions; investment and underwriting. The investment side of insurance ensures that money made after paying-out clients is used to grow more funds for the insurance company.
On the other side, the underwriting side involves calculating the possibility of the risk the client is getting an Insured for. This is done so that the amount charged for insuring the risk is well decided. People could insure their lives, cars, houses, and much more, opening to organizations and independent individuals.
You can work as an insurance specialist, insurance broker, or underwriter in the field. You can work in the actuary department of the insurance company and help evaluate the total of insurance policies that can be adopted.
Final Notes on Jobs Available in Finance
Finance is such a beautiful field with lifetime job opportunities; it allows you growth while working to make people happy about their financial situations.
Before you go, Apply for Available Jobs.