Finance is one of the common professional fields with a wide range of career options. Finance professions are governed by standards set by major finance bodies such as Association of Financial Professionals and Financial Management Association International among others. To qualify to pursue a career in financial positions and become a member of financial bodies, one needs to undertake and pass finance course and professional training. A scrutiny of corporate finance and real estate financial careers will help better comprehend the finance field regarding job opportunities and qualifications.
Corporate Finance
Corporate finance is a career option that deals with financial decisions of organizations and analysis of financial situations to guide decision making. Some of the roles of corporate finance professionals are determining how companies can raise capital, mergers, and acquisitions and analyzing incomes and expenses to make certain proficient use of capital among others. A corporate finance practitioner requires having proficient analytical skills and quantitative skills. The practitioner also needs to comprehend business numbers and patterns that facilitate business. For entry-level positions in corporate financing, undergraduate degrees and MBA's are the academic qualifications considered. Additionally, to excel and grow in corporate finance management and expert levels one needs to pursue professional finance and accounting qualification such as CPA or CFA. Often, one has to start from another finance field to gain experience in consideration for corporate finance positions (Wetfeet, 2012). Therefore, a corporate finance practitioner is a senior lever financial position requiring both fine and accounting expertise.
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Real Estate Finance
Real estate is another field with finance career options. Formerly, real estate was overlooked as a place for finance intellectuals. However, the advancements and growth in real estate have created a great need for finance intellect. Ares such as mortgage, borrowing, and investment in real estate has required financial knowledge to great extents leading to demand finance profession individuals. In real estate, finance is categorized as commercial real estate finance or residential real estate finance. Commercial real estate finance deals with industrial, office and several homes properties while residential deals with individual and private homes. In real estate, finance opportunities include portfolio managers, underwriters, mortgage brokers, loan analyst and investor associates to state the least (Financial Planner World). Real estate finance professions require having academic qualifications in finance such as a degree in finance and professional skills with finance bodies such as CPA and CFA. Therefore, the real estate industry provides a wide range of opportunities for finance intellects.
Recommendation
Corporate finance is more recommendable to real estate finance. With corporate finance, one is open to working in any industry and is not tied to a particular industry as in real estate. Working in corporate finance widens one's market base and knowledge in terms of experience. Besides, corporate finance personnel can shift to other finance positions easily since they operate in a broad scope of finance including investment, real estate, and banking. Corporate finance offers good packages whether in private or public practice while real estate the packages vary depending on the sector. However, corporate finance requires high-level experience to attain a good job in the market. Corporate finance is technical for entry levels, and hence real estate offers a wider range of position and its roles allow for entry-level skills. Also, corporate finance requires experience in several finance-related fields to gain the expertise.
Conclusion
In conclusion, finance field offers a wide range of opportunities in the job market. Academics pursuing programs in finance should look up and consider the wide range of opportunities and acquire the necessary skills required to pursue careers in finance. Real estate and corporate finance are few examples of opportunities available for finance intellects. The qualifications for finance related jobs are the same across the fields. The more qualifications one attains the greater the chances of considerations in the positions that arise. Finance is marketable because it is relevant to all industries. All in all, finance fields require continuous learning and growth through practice for one to become successful and relevant.
References
Career overview: Corporate Finance. Wetfeet, LLC . Retrieved on 9 March 2018, from https://www.wetfeet.com/articles/career-overview-corporate-finance
Real estate Finance jobs. Finance planner world . Retrieved on 9 March 2018, from https://www.financialplannerworld.com/real-estate-finance-jobs/
