Depending on your personality and the type of financial career that you are interested in, there are many different options out there for you. But, there are only a few that are considered to be some of the most competitive careers in the industry.
Accounting
Those with an accounting degree have a variety of career opportunities. They can work in many areas, including financial planning, auditing and taxation. Accountants also specialize in personal finance. They can advise their clients on making investment and insurance decisions.
While a bachelor’s degree is usually enough to start an entry-level accounting position, a master’s degree can improve your chances of advancing your career. An accounting master’s degree may also allow you to pursue more specialized careers in accounting. You may also want to pursue a professional certification in financial analysis.
Accountants are often tasked with solving complex financial problems. Their work often involves managing financial records, researching financial malfeasances, and ensuring that payments are made on time. They also report findings to management and may be involved in a variety of other activities in smaller corporations.
Accounting careers are often high-paying and offer stability in employment. Accountants are also often well-trained to provide financial planning services. As an accountant, you can choose to work for a large firm or a small business.
Accounting graduates often go into posts that require further qualifications, such as becoming a certified public accountant or a CPA. Most employers are looking for accountants with a minimum of two to five years of experience. However, many accountants rotate responsibilities throughout their careers.
Investment bankers
Getting into investment banking is not easy. You have to be well versed in finance and data crunching. You will also have to pass a series of exams before you can be hired. Then, you will have to register with the Financial Industry Regulatory Authority (FINRA). You will also need to take continuing education courses to maintain your license.
You will also have to work long hours. The average investment banking associate works 65 to 80 hours a week. In addition to that, they work late nights and weekends. Most associates are hired directly from an undergraduate program or from an MBA program.
Investment banking associates are required to complete a series of exams. This includes the CFA exam, a securities exam, and an exam for a specific investment product. Taking these exams will increase your chances of getting a job.
Another important component of a career in investment banking is networking. You must learn how to make contacts, which will give you an edge over others. You will also have to join finance clubs.
Another way to get into investment banking is by attending a top-rated university. The UK’s university systems include the University of Cambridge and the London School of Economics. Getting an internship is also important. This is a great way to kick start your career and gain valuable experience.
