Finance is an incredibly diverse sector. It proposes a brilliant opportunity for individuals looking to grow their career in the segment. Being a key contributor to economic development, finance is the field with some of the highest-paying jobs.
So, if you desire to earn six figures salary, have a look at the most popular career options in the finance industry.
1. Retail and Commercial Banking:
Retail and Commercial banking is an important segment in the financial industry. These banks are responsible for providing a host of banking services, including a deposit account, credit and debit card, personal and business loans, and mortgages. They also offer money transfer facility and foreign currency exchange services. The growth prospects in these banking sectors are quite lucrative and offer handsome packages. The highest-paid job profiles in retail and commercial banking include Loan Officer, Chief Risk Officer, Corporate Executives, Branch Manager, and Chief Financial Officer.
2. Investment Banking:
Investment banking is one of the top career choices in the finance industry. Investment bankers usually deal with the creation of capital for large corporations and government entities. Besides, they also provide financial consultancy services to organizations. These professionals help organizations raise capital through equity capital markets, debts, security instruments, underwriting processes, or mergers and acquisitions. Investment banking is a highly preferred career choice among graduates because of its big pay packages and additional monetary perks.
Insurance is a sub-segment of the financial industry. Insurance companies deal with offering individuals and businesses tangible ways of managing risks. The services of insurance companies work on mitigating or protecting entities against losses. Now moving to job perks, working hours in Insurance companies are usually the best in the finance segment. And the highest paying roles belong to those involved in selling insurance policies. Moreover, regarding kind of recognition, you need not worry as most of the insurance jobs are provided only by the reputed insurance companies.
4. Corporate Finance:
Corporate finance jobs are concerned with managing the financial activities of an organization. This field offers a much wider scope than other finance accounting jobs.
As a corporate finance professional, an individual is responsible for:
- Developing the overall financial strategy for an organization.
- Preparing financial statements.
- Helping in decision making in Mergers and acquisitions.
- Predicting profits and losses.
- Coordinating with outside auditors.
Other Financial Services
Financial services encompass a huge segment involving a lot of other companies that work in areas of finance accounting. Besides the ones mentioned above, other areas in the said segment include tax preparation firms, payment processors, accountants, and software developers involved in financial software creation and management.
Regardless of the type of job in the financial industry, you are aiming for, possessing a strong skill set is a necessity. Financial organizations are more likely to look for candidates with skills and proficiency in the field. Therefore, to make your qualification stand out pursuing accredited finance courses is the best option. Earning a certificate will set you apart from your competitors and will highlight your excellence in the subject.
If you want to learn more about our blog, please click here.