The field of finance is growing, and new graduates can look forward to plenty of job opportunities based on their particular interests or specialties. Depending on what career path they take, people pursuing a career in financial services may only need an undergraduate degree, or they might need a higher-level degree or certification. To succeed in this field, people should possess traits such as leadership, analytical thinking, and strong interpersonal skills. Here are five of the top careers in finance.
- Financial Manager
A financial manager helps a company analyze its finances and provides advice on how to increase profits or the amount of money that they save each month or quarter. For example, they might assist with maximizing profits or managing cash. A company might have its own financial manager in-house or it might hire one from the outside. Financial managers generally need at least a bachelor’s degree as well as some previous business or accounting experience. They make around $130,000 annually, depending on how many clients they serve and the size of the companies that they work with.
- Personal Financial Advisor
Personal financial advisors help individuals with managing their money. They might do such things as help someone set up a retirement account, monitor investments and savings accounts, and provide advice on ways to eliminate credit card and other types of debt. They might also help someone with cryptocurrency trade BTC USDT if that is something their client has an interest in. Personal financial advisors make around $90,000 per year. Financial advisors commonly have business degrees with academic backgrounds in things like investing and risk management.
- Budget Analyst
A budget analyst helps a corporation do specific things to do with budgeting, such as preparing budget reporting paperwork and analyzing spending. Companies unable to figure out why they continue to lose money may benefit from the help of this type of analyst. These analysts should be detail oriented and able to follow the many rules and regulations surrounding the financial industry. On average, budget analysts make around $79,000 per year.
An accountant helps to prepare taxes and other financial statements for an individual or business. Professionals who deal mostly with tax paperwork are sometimes more specifically called tax accountants. Other financial statements might include balance sheets and cash flow reports. Accountants also help make sure that all reporting is compliant with state and federal laws. Accountants make a little over $73,000 per year on average.
- Management Consultant
Business leaders hire management consultants when they feel that they could be running their organization more efficiently. Consultants help a business with running more efficiently by identifying issues, compiling information, and helping the company use this information to come up with solutions. In addition to having financial and interpersonal knowledge, management consultants should be creative and able to think outside of the box. Management consultants make around $90,000 per year on average.