The study of funds management is called finance. The various areas of finance include business, personal, and public finance. It includes lending, borrowing and saving of money and also how funds are spent. Finance professionals work in various fields across the globe. Modern technology has enabled them to focus more on using their analytical skills and less on numbers. Finance career offers a variety of work options in the public and private sectors.
If you have a degree in finance there are many chances for you to become a financial analyst, financial manager, financial auditor, financial adviser, financial officer or investment dealer. These titles are not exhaustive, but are representatives of various fields which finance majors can pursue. Many candidates with a degree in finance choose to work with financial institutions, government agencies, finance departments of corporations, banks, insurance and investment service companies.
If you choose to pursue a finance career you need to have certain mandatory qualities. Some of these qualities are: accuracy, attention to detail, ability to work independently, clerical skills, critical thinking, financial reasoning, fluency of ideas, business judgment, mathematical reasoning skills, money-handling abilities, negotiation, operations analysis skills, organizational skills, and team working skills. Let us now have we look at the various options available in finance career. Respective to your qualification, you can choose to be an accountant.
Again there are categories like tax accountancy, corporate accountancy and forensic accountancy. You can even choose credit wherein you need to analyze credit applications, risk management, and collections. Banking has always been a favorite option for finance students. The cherry on the cake would be a significant investment banking experience and you are surely going to be hired for a corporate financial development position. Advanced degree or certification is a plus to get promotions in corporate finance. Some senior positions in budgeting, planning, or strategy require an MBA, CPA or CFA.
Now that you are clear with the scope and requirements of a finance career, let us discuss on how to get you through the interview process. Good knowledge of Excel, VBA macros, Reuters and Bloom berg stations will help. Be prepared to tell why you want to work in the particular field. Do your research about the firm and its market status. Above all stress on your analytical and quantitative skills.