The financial industry can provide some of the most lucrative job opportunities out there. Jobs in this sector can be financially rewarding, sometimes allowing individuals to retire at an early age. However, the job market also plays a major factor in determining an individual’s salary and advancement opportunities. Job seekers eyeing careers in finance are encouraged to pay attention to the kinds of jobs that are available and the skills needed to attain a particular position. Here are just a few of the finance-related jobs you can start exploring.
Keeping track of all the different businesses and investments out there can be an extremely difficult and tedious task. This is one of the main reasons why investment businesses and banks hire financial analysts to do a majority of the work for them.
There are a number of entry-level jobs for those interested in becoming a financial analyst. As a financial analyst, you will conduct detailed research and compile quarterly reports and any relevant SEC documents. You may even be asked to prepare these documents in full as you progress in your career.
Compliance is a very big factor in the life of any financial company these days. Playing it safe is the only way to protect a company from being in trouble with the SEC as well as its board of investors. Certain jobs involve supervising processes in the company to ensure compliance is being maintained. These jobs entail getting to know the compliance standards of Sarbanes-Oxley as well as the Dodd-Frank Act (among other rules) and applying them to the company.
Receiving payments is important to any company. With financial regulations becoming stricter and more attention being focused on honest business practices, this department is more important than ever before. Those who work in these entry-level jobs can supervise their companies with greater ease by understanding exactly what is expected in the changing economic times.
Other than maintaining the books on accounts, accountants support the financial position of the company. These jobs range from basic accounting occupations to CPA positions. These types of jobs open up employees to higher-level careers in finance and will allow you to understand all the financial documents that will come across your desk later in your career.
Making sound financial decisions for the future of the company is easier to do when you know the numbers that are behind profits and losses. This is what is at the heart of the accounting profession. Entry-level to mid-level accountants are involved in many business-related decisions concerning the future of the company they are working for.
Trying to find jobs can be difficult enough as it is. Careers in finance require more education than some other entry-level opportunities, but the financial reward can be worth it in the long run. With the right skills and knowledge, you too can work toward a prominent career in the finance industry.