What job do you want? Better ask what kind of career do you want? Something that requires work outside, or something that is in an air-conditioned office? There are many different ideas for everyone. One of these professions is related to finance. Finance can be a rewarding job for someone, but it can also cause you a lot of stress and long hours. Let’s take a look into the world of finance and see if this career path is right for you.
How much do you get paid to work in finance?
In finance, you can make good money on this. As of 2021, the average salary for a financial advisor, specifically a personal financial advisor, is $94,170. US Bureau of Labor Statistics. Meanwhile, for a typical business or financial career, the average salary is around $76,570 in 2021, while the average salary for other jobs is around $45,760. Thus, the bureau believes that the number of financial jobs will increase by 8% this year. decade.
What are the types of careers in finance?
Financial jobs are usually one of the seven types of financial jobs. These types are:
- real estate
- personal finance planning
- commercial banking
- asset Management
- investment activities of banks
- corporate finance
In order to have a financial job, you usually need to have a bachelor’s degree in finance. If you want to advance in a narrower niche or at a higher financial level, you may need something like a Masters in Finance or an MBA in Finance.
So if you already have a degree, that’s great! Here are some of the financial jobs you may have:
- bank manager
- Budget Analyst
- business banker
- Chief Financial Officer
- Chief Investment Officer
- financial expert
- financial planner
- hedge fund manager
- Insurance agent
- insurance underwriter
- investment banker
- Investor Relations Manager
- loan inspector
- Real estate agent
- Tax inspector
- venture capitalist
Now, if you are just starting out, you can get an entry-level job in finance that ties into account administration and other related careers. Here are some of the entry-level financial jobs that can be found in the world:
- bank teller
- Budget Analyst
- Compensation and Benefits Specialist
- Credit Analyst
- Financial analyst
- Insurance Claims Specialist
- insurance underwriter
- Payment Secretary
- Personal banker
- Personal Financial Advisor
- tax lawyer
Good part of a financial career
Indeed, some of the benefits of a financial job include job stability, growth opportunities within the company, and good compensation, which includes bonuses and benefits.
The job can feel accomplished and also feel independent, and this helps build a reputation. Others also describe it as a positive and direct impact on people’s lives. Not to mention, with such a sought-after career field, whoever works in it can experience stability for years to come. These are the main benefits when deciding whether finance is a good career for you.
Bad part of a financial career
Unfortunately, a good concert always has flaws. It can be difficult to get in the door or even change companies, as some in the financial sector will require employees to sign so-called non-compete agreements. Also, trying to change careers while having a family can be very difficult.
With a career as good as finances, a possible downside is that sometimes a lot of education is required for certain levels, meaning it can be difficult for those who don’t have the financial resources to do so.
Jobs are also affected by the stock market, which experts in the field say can make it difficult as people are very careful with their money and can cause them anxiety. Indeed, this will force them to make hasty decisions that can drastically affect their wealth. Of course, it is important that a financial worker reassure people and make an informed decision. In addition, these decisions can be difficult and are an important part of a career.
Not to mention those who work in finance have to deal with very long working hours and a lot of stress. But the factors influencing this will be certain seasons, deadlines, clients and a lot of work.
Now, if you are looking for a job in finance, here are some things to understand. He has good pay and benefits, but the job requires stress, long hours, and a certain level of education. If you think you can handle it, then great! However, if you don’t think this is for you, then that’s fine! Everyone has a place somewhere on this planet. You just need to find it. But if you are stuck somewhere in between, it would be a good idea to start working in a bank as a bank teller. This way you will get a very basic understanding of how finance works and you will also be able to work to advance in the bank.
Finally, this job, like any job, has a number of factors for a career aspirant. Either way, there will be ups and downs to this depending on your situation, where you live, who you work with, and for whom. All you can do is consider whether finance is a good career for you.