Be it a large organization or a small enterprise, finance plays a pivotal role in the smooth and effective functioning of a business. Not only does it helps people cope up with economic uncertainties by managing finances, sharing risk, and diversifying portfolios, but it also keeps track of the cash flows coming in and going out of the company. Hence, without it, a company cannot operate.
After all, companies rely on external financing, investments, and financial management is the key to their growth. Thus, the demand for financial experts is also increasing rapidly, while this industry is offering incredible opportunities for people who have the knack of numbers and data. Many people think jobs in this sector are challenging without acknowledging that they are equally rewarding.
Following are the five high paying job opportunities for finance graduates:
Who looks after the financial performance of a company? A finance manager holds the bag for managing all the financial reports and performs financial analysis financial in the organization. He/she could even give suggestions on starting a new project, raising additional capital, or purchasing a new plant. The finance manager has to prepare financial statements such as cashflows, balance sheets, and income statements to project the company’s financial performance.
It might sound stressful, but you will play a crucial role in the organization because all other departments have a dependence on finance. Likewise, you will be responsible for bringing in investors in the company by ensuring promising profits in the financial statements. So, now you know what can you do with a finance degree and what job opportunities await for you. With a finance degree, not only can you get a high-profile job but get a bigger paycheck too!
Usually, companies are unsure of their financing decisions. They need more funds but have no idea whether to make timely payments while spending money on interests. Financial advisors take a dig at the company’s performance by looking at current and projected statements. You have to understand the potential of the company to see whether external financing will work in their favor or not.
Similarly, you can also create strategies to mitigate risk and work on building the company’s wealth. If the company thinks of investing in stocks of one firm only, you can suggest them to diversify risk. Advise them to distribute their wealth equally instead of chasing after high returns because it comes with high risks too. Therefore, open up the options of investing in real estate, stocks, and securities.
Believe it or not, but managing wealth is more complicated than earning it because entrepreneurs are clueless about investment options. An asset manager works with high net-worth individuals to identify suitable investment avenues for them. You have to understand the client, their preferences, and the nature of their company to develop a relevant investment strategy.
Unlike regular jobs, this career tests your strategic and critical thinking skills. Moreover, you can enjoy comfortable working hours with promising rewards since, on average, an asset manager makes $71000 annually.
Investment bankers facilitate brokering of significant transactions for large clients by underwriting for equities and other debt securities. They help clients with capital restructuring by introducing new ways to spread their equity across a range of options, for instance, increasing long-term investments to maximize returns and minimize risks.
Alongside being one of the preferred careers in finance, it offers promising rewards and a big day of packages. However, this field is competitive, requiring a combination of financial expertise, negotiation skills, and persuasive communication.
How do companies measure their performance? You might think the job ends after preparing financial statements, but unfortunately, profits don’t reflect the performance of a company. As a financial analyst, your job will be to analyze performance and present an accurate and honest image of the company in front of the shareholders. Sometimes, profits are decreasing because due to the expenses of a new project – it is a good thing since the company is expanding.
However, shareholders and owners can’t comprehend these things on their own, increasing the need for financial analysts. Alongside this, you will gather data, prepare financial reports, keep up with stock prices, and economic conditions. Moreover, you will calculate key figures from financials – return on equity, debt ratio, and earnings per share. Talking about the earning potential, you can earn up to $100,00, depending on your skills and experience.
Those of you who know how to deal with numbers and stats can consider stepping into the finance sector. Additionally, you can become a risk manager, financial analyst, or investment banker if you enjoy dealing with clients. If you are exploring career options in this field, then look at the above mentioned five high paying jobs for finance degree graduates to make a better choice for your future.