22 Sep 2022

74

The Top 10 Careers in Finance

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 535

Pages: 2

Downloads: 0

Normally, people think that a career in finance involves only money. Actually, this is not always true. Finance graduates need to take a closer look at the available career options and measure which industry sectors have the greatest need for new professionals. It is worth realizing that the finance industry is multifaceted. Therefore, it offers a variety of positions that cater to a number of different skills and interests. For instance, the financial industrial has a variety of sub-industries that encompass niche opportunities. Therefore, the key to individual success for finance professionals is to research, locate and land the financial job that has the greatest compatibility with their skills and interests. There are various finance career options available to financial professionals. The finance career options include corporate finance and finance planning. 

Corporate finance is one of the main career options in the field of finance. Corporate finance jobs involve working for an organization in the capacity of finding and managing the capital necessary for running an enterprise. Normally, this is always done while maximizing corporate value and reducing financial risk. Corporate finance adds value to a given enterprise such as a bank in several ways. A corporate finance manager sets up the company’s overall financial strategy. As such, they help organizations to make prudent use of financial resources. Corporate finance managers are also responsible for forecasting profits and losses. They also negotiate lines of credit and coordinate with outside auditors. Therefore, corporate finance positions assist enterprises to make prudent financial decisions. It is worth realizing that corporate finance positions can be found in companies of all sizes from international entities to small start-ups. There are very important skills that a corporate finance manager should have such as analytical skills and auditing skills. Corporate finance positions in organizations are interesting because they give one an opportunity to define the future of an organization. 

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Financial planning is another finance career option that promises a bright future for many. The financial planners are important for enterprises. They help in developing plans that will ensure their present and future financial stability. Basically, financial planners are responsible for reviewing the financial goals of a business such as a manufacturing firm and generate an appropriate plan for saving and investing that fits the particular business. Generally, the financial plan developed by financial planners may either focus on wealth preservation or investment growth. Moreover, the financial plan may include estate and tax planning. Financial planners can work in insurance firms to provide their much needed services. The financial planners require several skills to execute their tasks effectively. The skills include the ability to handle stress, communication and interpersonal skills, energy and persistence, analytical skills and organization skills. There are various attractive features that characterize financial planning. One of the main attractive features of the career option is that it provides self-satisfaction for financial planners. The growth of firms as a result of the efforts of financial planners is associated with a feeling of fulfillment. Many organizations also need the services of financial planners meaning that such services are in high demand. 

In conclusion, careers in finance are not only essential for organizational growth but they are also interesting. Every finance professional interested in either corporate finance or financial planning should possess the necessary skills. The skills required in corporate finance include analytical skills and organization skills. The skills required for financial planners include ability to handle stress, communication and interpersonal skills and organizational skills. It is also worth realizing that careers in finance harbor attractive features that draw individuals to them. 

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StudyBounty. (2023, September 14). The Top 10 Careers in Finance.
https://studybounty.com/44-the-top-10-careers-in-finance-essay

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