6 Finance-Related Careers To Consider
Finance has always been an attractive field to get inside, and for a good reason.
Competitive salaries (not to mention sky-high bonuses), a low unemployment rate, a solid work-life balance – sounds just great, especially if you’re looking for an entry-level position. Not quite sure which particular job is the best for you?
Check out our list of 6 finance-related careers you should consider for your future and figure out which of them is worth a shot.
If you are really good at math and do not mind spending day after day in the company of numbers, then you can make a living as an accountant. Your future duties can cover a pretty wide spectrum of responsibilities, from governing the customer receipts and vendor payments to payroll and tax management. You will also be involved in a lot of paperwork, accumulating daily transactions and reporting on cash flow, performances, as well as revenues, and losses. To get this relatively stress-free job, you will need a 4-year degree in accounting or a similar field.
Even though people often confuse the role of the auditor and accountant for each other, there are some significant differences between these two jobs. In contrast to accountants, auditors are not employees of the company for which they work, being hired to provide an independent opinion. In addition to that, while accounting is a day-after-day involvement, auditing is periodic and usually performed once or twice a year.
Simply put, auditing is a comprehensive and unbiased analysis of all the financial data in terms of transparency and accuracy. It’s safe to say that every auditor is an accountant but not every accountant can be a financial auditor.
Just as the name of this job suggests, a loan officer is in charge of reviewing loan applications of people and businesses and deciding whether they are decent candidates to get funds. According to experts from LoanOfficerLicense.net, loan officers can work in a wide variety of areas with mortgages being arguably one of the busiest fields.
Regardless of whether a loan officer specializes in commercial or consumer loans, he or she has to know all the ins and outs of different types of loans to recommend their clients the best possible option. The majority of loan officer jobs require a bachelor’s degree and on-the-job training while those who work with mortgages also need to be licensed.
As you have probably already guessed, cost estimators are in charge of determining how much a certain product, service, or construction project will cost. A cost estimator will analyze every single detail, from material and money to time and labor to come up with a final sum and perhaps advice on the ways to optimize the expenses.
Although the great bulk of people in this segment can brag about a bachelor’s degree, some employees gladly hire people without one but with plenty of experience within a certain field. Cost estimators have to be well-familiar with specific software that is different from one industry to another.
If math was your favorite subject at school, chances are you will find yourself in the role of an actuary. Wittiness aside, to get this attractive job, you have to be really good with numbers and prove it with a bachelor’s degree in actuarial science, mathematics, or statistics. As an actuary, you will be responsible for analyzing a lot of data and evaluating the risk that can be triggered by certain decisions. Apart from finance, you will also be able to work in the insurance sector, making decisions on coverage, rates, and other related issues. Actuaries need to obtain professional certification from one of the Actuarial societies.
Financial advisors help people make the most of their hard-earned money, recommending them how to invest effectively and reach certain goals. This job is generally considered more stressful since a financial advisor has plenty of face-to-face interaction with clients and we all know, working with people is much harder than dealing with numbers.
If you are plotting to become a financial advisor, you will need a bachelor’s degree, and depending on the state and services you offer, a license may be also required. Get ready to show your abilities to identify both short-term and long-term financial goals, as well as offer a sustainable way to make plans come true.
The ever-evolving financial sector hides plenty of opportunities for a successful career. These six positions are among the most sought-after jobs out there, which is no wonder given high salaries even at the entry-level. So, which one is your perfect fit?