Careers With a Finance Degree

Within the next 10 years, finance degree jobs are expected to grow fast. There are plenty of opportunities ranging from corporate and international financial management, personal financial planning and investment services. Many firms often look for finance degree graduates to hire, such as brokerage firms, banks, credit card companies, and insurance companies. Here are some potential finance degree careers one can seek for.

Working with the banking sector or any financial institution will find you jobs like banking manager who is responsible of looking at the needs of small business owners or clients of large corporations. You can also find job as a credit analyst who assess risks to offering credit to businesses. In the same line, loan officers are the ones who assess if one is worthy for credit.

Careers in finance also include the field of investments, which would be like the buying and investing of mutual funds or pensions. You could also consider investing funds under insurance companies. If you are interested in selling investments instead, you could become a stockbroker or securities analyst. On the other hand, if you would like to help advice clients on ways they can attain their financial goals, becoming a financial adviser may be a choice. There is also the position of a portfolio review associate who analyzes a client’s past performances with mutual funds and then reports their finding to them.

If you think you might have the upper hand in financial managerial roles, you could work in that area for an organization. There, you could become a chief financial officer whereby you will help an organization use their capitals effectively in order to create financial growth. You could also become a credit manager, in which you are responsible for establishing and implementing the organization’s policies. Other finance degree jobs to do with managerial roles are like financial analyst, revenue analyst, and income tax compliant managers.

These are simply the several finance degree jobs available. If you are interested in a career in finance but is unsure of which might suit you best, you could always talk to a career consultant. Job opportunities are aplenty so there would definitely be one right for you.

Business Analyst Job Description

A business analyst makes detailed quantitative and qualitative analysis of a company’s business strategies and suggests new strategies or solutions for improving the performance of the company. He has to be aware of various statistical models and apply them in formulating portfolio strategies. By performing in-depth analysis for portfolio management, a business analyst takes on the data challenges of the organization and the industry in general. He understands the company’s strengths and weaknesses, and Reviews and edits requirements, specifications and recommendations accordingly. The business analysts are entrusted with wide array of duties and responsibilities which mainly depends upon their job profile.

The main responsibilities of these analysts would be:

• To develops functional specifications and system design specifications for client engagements
• He must follow industry trends and needs to conduct research to identify loopholes in the company’s strategies
• These analysis reports must be submitted regularly so that the suggestions can be implemented
• He may also have to develop business models related to customer modeling, customer segmentation and business forecasting
• He must understand the customer’s needs, and change them into application and operational requirements
• He must be capable of analyzing and documenting the processes involved in business.
• Test scenarios must also be prepared by the business analyst.
• He must looks after the day to day change in the management which is needed as per the plans of the project.
• The business analyst should take care that throughout the development plan there is proper coordination between the development team, customers and any other party which may be involved.

A business analyst must have very good analytical and problem-solving skills. Teamwork is also very important in this line and he should be able to communicate well with his team members and people from other departments. Knowledge of the basic technical software and applications related to this field is also beneficial for this job.

Know What Research Analyst Jobs Are All About

Research analyst, as the job title suggests, is an amalgamation of two roles, one that of a researcher and the other of an analyst. Hence, this means that an individual who takes up a research analyst job would be engaged with research along with analysis of the research, to bring it down to a conclusion.

Moreover, research analysts conduct researches on various domains, like, finance, insurance, recruitment, market trends or consumer spending patterns which is dependent on the employers they are working with.

Nonetheless, research analysts carve a niche for themselves, by conducting research on a particular sector or a domain. One of the most popular and rewarding, niche in research analyst jobs is market intelligence.

Market intelligence professionals specialize in collecting information pertaining to; consumer behaviour, market trends, purchasing pattern, which after being analysed is passed on to the client.

Marketing research firms, conduct research and analysis on a wide range of topics. But a research analyst will have a major say to guide business owners to make changes to their marketing or sales strategy.

The skills, which are essential for a flourishing career requires high levels of analytical ability as this job includes number crunching and explaining the results obtained in reports. Hence, the ability to write clearly, along with accuracy and an eye for detail is the most important aspect of this job role.

Entry- level professionals in this domain, can look forward for a prosperous career and a lifetime, as once, they develop a strong base of industry insights, they can emerge as consultants, to offer their consultation to clients from diversified industries.

Fresh graduates can search for internships with research firms, as it will help them to learn the ropes of this domain, along with identifying the industry or the sector they would want to develop their specialization with. Internships are sure-shot means to land with full time employment, without any prior work experience.

Your success in this career domain, would be highly dependent on your specialization and efficiency as a professional. The role that you would play for the benefit of your client will make you extremely valued, allowing a deep sense of pride and satisfaction, to creep into your existence as a professional.

Jobs from this industry are available on several job sites in large numbers, depending upon your educational qualifications, prior work experience and skills you will find the most apt opportunities, that will set sails for a prosperous career in this job domain.

The Financial Analyst Job Description

Want to know what the financial analyst job description is? In this article, I will talk about the financial analyst job. Indeed, one the best CFA careers, if not the best, is none other than becoming a financial analyst at a top financial organization. A financial analyst job description includes making financial predictions and expected future outcomes of a company based on current economic conditions as well as its past performance.

A financial professional typically recommends to investors or employers whether to buy or sell a particular company’s stock based on his or her analysis and judgment. No doubt, he or she must know how to read the market movements so that he or she can provide the best recommendation possible. Due to the heavy responsibility,the payoff for a financial analyst is certainly much higher than most of other investment and finance jobs. In addition to a high salary, a financial analyst will usually receive commissions and bonuses when the recommendations he or she provides turns out to be very good.

The Training

To fulfill all of the job descriptions, one needs to have the necessary education background as well as related working experience. This job position requires employees to have excellent education in mathematics, accounting, statistics, economics, and business management. While you can opt to work as a financial analyst with only an undergraduate degree, those holding an MBA will many a times, will result in greater pay than those who do not.

Those without an MBA or business degree can also apply for the financial analyst position by taking on some tests in order to meet the necessary credentials for the position. The other option is to join the Chartered Financial Analyst (CFA) program. The CFA program will allow the candidate to gain a wide knowledge of accounting practices and financial tools used in the investment world.

.The Types of Positions

Indeed, the financial analyst’s responsibilities involves a wide range of important functions.One thing to remember is that a financial analyst must establish strong bonds and trust with clients. This means that a financial analyst must build a solid foundation with clients so that they will have faith in the recommendations provided He or she basically can work for various types of companies which includes buy-side investment firms, sell-side investment firms, insurance companies, and investment banks.

Buy-side firms refer to companies such as hedge funds and mutual funds. The financial analyst working for buy-side firms will help to map out a detailed investment strategy. Sell-side firms are usually banks, securities dealers, and other companies in the business of selling stocks and bonds. Here, they will help these companies to sell their securities effectively and efficiently.

Some other positions in this field includes becoming a portfolio manager, fund manager, and ratings analyst. Portfolio managers usually oversee a team of analysts and make decisions together on which is the best mix of securities to invest in. The mix is formed from different industries and sectors. On the other hand, fund managers oversee the hedge and mutual funds. These two positions are extremely dynamic and require one to have the ability to make quick buy or sell decisions in order to make their portfolios outstanding. And finally, a ratings analyst’s task is to determine the capacity of various companies in paying off their debts

Licensing

Financial analysts do require to have some licenses in order to carry out their duties. Many are sponsored by their employers to get the licenses. Licensing is particularly important for those who work for sell-side firms and it is overseen by the Financial Industry Regulatory Authority (FINRA). Some jobs may even require more than one license. A financial analyst will have to be issued a new license upon changing jobs.

How to Be Successful

In order to be successful as a financial analyst, a person need to be well-informed and knowledgeable in several areas in the financial subjects. In addition, this person should be comfortable in using computer software packages such as those sophisticated spreadsheets and able to churn out detailed statistical analysis. Moreover, this person should also be comfortable and meticulous with extracting details from the complex financial reports. Finally, one ought to have strong financial knowledge in how does the money market, tax laws, business environment, and government actions affect a company’s performance and the economy as a whole.