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Popular Careers in the Financial Markets

6 May 2015 4 Comments

canstockphoto18593550The world of finance is one of the most multi-faceted industries we have. Thus, if you have a financial background, looking for a job should focus more on finding one that is most compatible with your skills and interests. Examples of popular careers in the financial industry include:

1. Corporate Finance – Financial Analyst & Internal Auditor:

When working in corporate finance, your key roles will involve finding and managing the company’s capital so as to enable it run seamlessly. In addition, you would be required to actively participate in setting up the company’s financial strategy, preparing financial statements, forecasting the company’s profits and losses, negotiating lines of credit and coordinating with external auditors. At other times, you may also be required to get involved in mergers and acquisition.

2. Public Accountant:

A public accountant can choose to either work with individuals or companies who are in need of keeping their finances on track. They do this by recording business transactions, preparing financial statements, auditing financial records, providing consultancy and preparing income tax returns. Usually, most people start as staff accountants before getting promoted to tax or audit manager and in later years, one may end up becoming a partner in the firm they are working for.

3. Stock Broker:

Generally, a stockbroker manages his/her clients’ investments. The clients in question may include large organizations/companies or individuals. As such, you’d have to work towards getting the best financial returns for your clients. This is usually done through the buying and selling of the clients’ financial products such as shares and stocks. Based on the needs of your clients, you could also be offering advice regarding the available investment options, helping them buy or sell their stocks when they ask you to or, be managing all of their investments and making decisions on their behalf.

Though most companies offer employer-based graduate training program, one ought to already have a degree in finance, economics, maths, business or management before they can be employed as stockbrokers.

4. Financial Planner:

The work of a financial planner is to help individuals come up with plans that will enable them attain financial stability. This is done by them reviewing the individual’s financial goals before coming up with a plan that will help them save and make investments that best complement their needs. To remain competitive in this field, one should have at least three years of work experience, pass a number of financial planning exams and continue furthering their education.

5. Private Equity and Venture Capitalist:

As a private equity professional, you are going to be involved in finding capital for the company you work for so as to enable it to continue running its current operations while at the same time enabling it to expand. On the other hand, venture capitalists looking for small fast-growth companies or start-ups that they can invest in (fund) with the hope that the company will someday go public. Despite being careers with very high risks, these two also have huge rewards.

6. Investment Banker:

As an investment banker, you are likely to get involved in facilitating corporate securities issuance and making these securities available for purchase to potential investors (individual and corporate investors). In addition, you would be involved in trading securities and providing financial advice to the investors.

4 Comments »

  • Stephen Blake said:

    There are lots of ways to build up our career in financial markets so far. I want to give thanks to this article owner for this outstanding article. I think, candidates are getting pleasure by reading this article especially those, whose are from business management background.

  • Know more said:

    Cost accounting is a means by which actual versus estimated production cost deviations are discovered, the reasons for their deviations corrected.

  • Click to know said:

    Cost accounting is a means by which actual versus estimated production cost deviations are discovered, the reasons for their deviations corrected.

  • Click to know said:

    Maintaining a regular system of bookkeeping using suitable accounting software can assist the cost accounting for profit exercise by providing the source and extent of the actions to be taken.