Opting for a career in finance is a very smart idea. This is because there are so many different areas of practice in the field. The choice of career that you take can be really tricky. However, if you take some time to consider several options, then you can be sure that you will be able to make a decision effectively. People are often spoilt for choice when it comes to making decisions in the field of finance. There are just so many things to be done, but in the money and banking industry. This is why there are professionals such as:
1. Financial analysts
When it comes to making investments, you will need the help of these professionals to make the best decision. All businesses and individuals should seek the help of a financial analyst. Even the popular local lenders take advice from these professionals to decide on what investments to make. If you want to become an analyst, then you need to have a bachelor’s degree in any business related course such as accounting, business administration and so forth.
2. Personal financial advisors
They use their knowledge of investments, insurance and tax laws to provide their clients with financial options that help meet short and long-term goals. If you are looking for the best funding for your business, then the best thing you can do is seek the help of a financial advisor. Should you take up a cash advance from a local lender or a bank loan? To become one of these professionals, a bachelor’s degree in accounting, finance, business mathematics or law will come in really handy.
Just the thought of doing more mathematics makes some people squirm. Well, business mathematics is not as complicated as calculus, but it can still get tricky. Accountants do the work of analyzing, planning, evaluating and advising on various matters concerning the flow of cash in a business.
4. Loan officers
They are the individuals you will find at the bank when you are going to take up a loan. They assess the individual’s creditworthiness and assist them in applying for loans. They should have at least a bachelor’s degree in finance, economics or any related field. In today’s world where internet technology is the in-thing, loan officers will find experience in online lending to be quite valuable in their job search as well.
The work of an auditor is to analyze accounting records and prepare financial reports for their clients. They require a bachelor’s degree in any finance related field. However, just like with the accountants, it is experience and an advanced degree that will put them at the top.
This article would not be complete without the mention of a treasurer. You have heard of a club treasurer, church treasurer and all. It is a career on its own. The work of the treasurer is to direct the financial goals and budgets of an organization. They will oversee the investment of funds and execute strategies for raising capital. Employers usually ask for a bachelor’s degree in finance, accounting, business administration or economics. The average salary in this case falls in the neighborhood of $95,000 per year.