If you are motivated by the intangibles to progress in your career and live your dreams on a fat paycheck then you should aim for crafting a career in finance. There are ample factors that allure people to obtain a finance job. Though the career is pronounced with competition and high pressure yet the extraction of financial insights and salaries above the average norm tweaks an individual to pick this career path.
This sector is also classified in terms of highest paying jobs. A handful of people are aware of the most profitable roles in this sector. Your talents will be scrutinized everyday if you bag one of the affluent opportunities. You have to compromise a lot that includes extended working hours and consistently working towards acquiring new skills. Employee turn-over rates are quite high in this sector. If you secure your position in this sector then you can expect to get rewarded with handsome paychecks within few years.
Nailing the job is quite challenging with some strenuous interview rounds. But post-hiring it is tougher to fulfill the responsibilities the role demands. You need to give in some serious efforts to work your way up to the peak of the corporate ladder.
Let us now sneak peek into the highest paying jobs of the Finance sector:
Management Analysts: This job role demands a lot of traveling. They are often known as consultants who are responsible for designing proposals to improve the financial operation within an organization improving its efficiency. They advise managers on the various ways to make organizations more profitable through cost minimization and driving up the revenues.
Financial Analysts: Mostly limited to the desk, financial analysts are required to work more than 40 hours per week on an average. Their work encircles in guiding the individuals and businesses who are perplexed while making investment decisions. They monitor performance of different types of investment including stocks and bonds.
Financial Examiners: They mostly work for government financial departments and found in finance and insurance industry. They ensure that the financial institution and the transaction that they undertake are aligned to the laws. They maintain the compliance by evaluating balance sheets, analyzing risk factor attached with loans and monitoring the bank management.
Economists: Economists forms one of the thinking hats who studies the production and distribution of goods and resources through collection and analysis of data, researching trends and evaluating economic issues.
Budget Analysts: They are in demands both in public and private sectors. They assist in helping public and private organizations to coordinate their financial activities, prepare budget reports and assess institutional spending.
Personal Financial Advisors: Apart from having the scope of employment in the public or private sector, these can be independent advisors suggesting people on their personal finances depending on the licenses they possess and the training they have.
Accountants: They are the accounting practitioner that establishes assurance regarding financial information that assists managers, tax authorities, investors and other make decisions about resource allocation. Accountants who have exhibited their competency through professionally associated certified exams are qualified as Chartered Accountant or Certified Public Accountant.
Auditors: Person who is responsible for examining the financial records of an organization and assessing whether taxes are paid properly on time are known as auditors. They monitor whether the financial operations are happening efficiently complying with the rules and regulations.
Insurance Underwriters: They are full-time professionals responsible to aid decision-making process related to insurance. They evaluate different types of insurances, the coverage amount and premiums to decide what kind of insurances to be undertaken by an organization.
Purchasing Managers: mostly they are associated with dealing with vendors. They are responsible for buying and reselling products for the organizations. They analyse suppliers, settle contracts and review product quality before purchasing the same.
Hence all the above are niche job roles in finance that offers promising career prospects. The financial sector has attracted the best of minds assuring them big entry level salaries and the opportunity of earning more with the progress in career. In order to have a sturdy career in finance, you need to have a strong knowledge of the basic financial concepts and the financial intelligence to take smart decisions in a financially unstable environment.
Author’s Bio: Agniva Banerjee is a writer by profession. She likes curating informative articles and blogs on diverse areas that provide a good read. She loves engaging the readers through her words and welcomes feedback of all sorts. Connect to her on Twitter @Agniva_B