5 Growing Financial Careers in 2021
Financial Careers are a diverse field with a wide range of opportunities for those who want to help individuals or organizations succeed financially. Financial Career specialists stay abreast of economic developments, tracking and predicting changes in the economic climate to increase profit.
Most graduates of financial Careers work in insurance, real estate and investment organizations, and there are alternative careers too. There is no doubt that jobs in the financial sector are highly lucrative and in demand these days.
Advance financial career
The question is where should you start your job search if you are interested in jumping into the financial career paths? What you decide to pursue largely depends on your level of education and personal interests.
Here are five of the best growing financial careers that you can consider this year.
If you have a strong background in finance or economics, you may want to look into a career as an investment banker. Most successful professionals in this field have both a four-year degree in finance or economics along with an MBA.
Investment bankers help corporations and governmental organizations raise money through the use of stocks, bonds, mergers and acquisitions, and other forms of venture capitalism. Some investment bankers also work in the field of stock trading on the secondary market.
Certified Public Accountant
A certified public accountant (CPA) is one of the most common career trajectories for those with an interest and background in finance. CPAs are in more demand than ever before, making them a good career choice for people who desire a high amount of job security.
A financial career as a CPA encompasses a wide breadth of interest areas including taxation, consulting, company management, auditing, and financial planning. This gives you the flexibility to choose from a variety of career paths when you are formally certified.
Many people shy away from this field in fear of the rigorous CPA exam. However, with the right CPA exam preparation, you may find passing this test the first time easier than you think. The key to success is to start your test prep early and to have a plan.
As one of the most sought-after positions in the financial industry, a portfolio manager generally has a four-year degree in a business-related field as well as the applicable regulatory licenses. Otherwise known as a money manager, a portfolio manager is in charge of the oversight of client investments.
A portfolio manager is trained to recommend specific investment strategies to their clients. Many of these professionals also have the power to make these decisions and execute them for their clients. Some portfolio managers specialize in various asset classes, stocks, or bonds.
In addition to a strong educational background in finance, a portfolio manager also may have knowledge and training in analytical research.
Do you enjoy helping others and working with people daily? You may enjoy a career as a financial advisor. This financial career generally requires a bachelor’s degree in addition to the applicable certifications and licenses. The most useful certification is that of a Certified Financial Planner (CFP).
In addition to the pertinent professional certifications and educational background, successful financial advisors also must possess several soft skills needed to work well with others.
As a financial planner, you will help individuals and families ensure that their finances are in order both now and in the future. This includes estate planning, tax planning, investments, and other forms of wealth preservation. While some financial planners work for recognized large firms, others run their consulting gigs.
While not typically considered to be under the umbrella of finance, many business-oriented professionals choose the field of insurance as their career path of choice. This field makes a good choice for entry-level positions in the financial industry as a whole.
You can work as an actual insurance agent, a customer service representative, or an actuary. All of these roles require a working knowledge of the insurance industry and the ability to work with numbers. In addition, you will need a high degree of interpersonal skills to be successful in this industry. Insurance companies are almost always looking for qualified and driven workers to fill the many positions in this type of organization.
While it takes a high amount of motivation to be successful in a career in finance, the rewards can be tremendous if you invest yourself in the financial career paths. By choosing the right path for your specific qualifications and interests, you will enjoy a rewarding career for years to come.
Some of the financial career alternatives are urban planner, contract administrator, labour relations manager, and more, but these are more common if you get a double major with a concentration in finance. You have to make sure to customize your studies by choosing elective courses that will prepare you for the finance career that interests you most.
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