Some jobs in finance deal directly with the public while other financial jobs are behind the scenes. Some careers in finance require a degree while others only need vocational training or a certificate. To find the position that is right for you and your professional goals, it’s important to understand which careers in finance suit your personality type and interests so that you can pursue a profession in something you love. For example, if you are knowledgeable, persuasive, and enjoy working long hours, a job as a registered representative might be a good fit. If, on the other hand, you love mathematics, are good at Excel spreadsheets, and enjoy getting deep into the financials of a public company, a career as an analyst might be a good choice. Or, if you have both skill sets, a position as a financial advisor might be best for you.
Financial advising careers are great for those who wish to help others plan for their financial future. The primary responsibility of a financial advisor is to help private, or individual, investors plan for retirement by creating a reasonable financial plan. Of course, not all financial planning has to deal with retirement. Financial advisors also help people plan to save for college for their children, buy a home, or buy investment property for residual income. Careers in financial planning are rewarding for people with interpersonal skills and a penchant for numbers. The best financial advisors are outgoing people who enjoy working with the community and seeing the results and progress of their advice.
Another great financial career is in commercial banking for those interested in business. Commercial banking associates provide banking services to small businesses and large organisations. Similar to a financial advisor, a role in commercial banking means working closely with people and companies, but instead of working on a one-to-one basis, commercial banking gives associates an opportunity to learn about different businesses. Commercial banks provide diverse environments that require individuals who can embrace change and know how to adapt to new environments. This role is suited for someone who aspires to grow with their company.
Financial career development may involve changing direction and expanding your base of expertise. Along the way, you have to become skilled in cultivating and maintaining relationships with your various contacts, as well as learn the importance of building up your own financial reserves. Earning a degree in finance or banking will become crucial at this point. If your goal is to become a registered representative and sell securities, you will need an MBA degree. Whichever financial role you decide, keep in mind that the financial industry is a highly competitive industry, and having an advanced degree, such as an MBA, will help set you apart from the crowd.
