If you’re coming to the end of your studies, or even if you’re just starting out on your new college course, you might already be thinking about the sort of jobs you could get with your degree in finance. There are many diverse roles within this sector that you can aim for, so have a look at the ones listed below, and see what type of job roles you could imagine yourself in.
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Personal Financial Advisor
Someone who is a personal financial advisor – who can also be known as a financial consultant or planner – helps clients to make investment decisions, plan their retirements and minimize their tax liability. These personal financial advisors will put together a plan to help the client achieve their objectives while using their financial information and goals. They may also sell insurance policies, real estate, mutual funds or other forms of investments, which may depend on the licenses they acquire. Financial advisors will also promote their own services in order to attract clients. So to be successful, they should have good communication and sales skills.
Insurance companies use underwriters to look at insurance applications to determine the risk of loss linked to issuing a life, health, or property policy. They use computer systems, databases and numerous reports to analyze applications and create a premium for the policies that are issued. To succeed in this field, you’ll need good computer skills, judgment and even some insurance experience. However, most insurance companies will offer entry-level positions with training for candidates.
This is a great choice of career if you have (or will have) a finance degree. If you select this role, you will usually specialize in one of three areas:
- Corporate finance (you will work with organizations)
- Debt capital markets (you will address the debt of companies)
- Equity capital markets (you will raise capital by looking at research and analyzing different markets)
The role of finance director is among some of the best-paid roles within the finance sector, so this executive position isn’t for the faint-hearted. People in these types of roles will mostly work to control the brand’s finances and setting budgets, all while working with the leaders of the company. They will also help with financial reporting and strategies.
If you want to fulfill your potential and get into these types of executive roles, then you could consider further study options, such as those at online.suffolk.edu/programs/ms-finance. Obtaining a master’s degree that specializes in financial leadership will help you to unlock more opportunities.
If you’re looking for a role that will help you to boost a brand’s financial performance, then you may want to consider becoming an auditor. This involves analyzing finances, such as those of a business, municipal authority or an individual, to determine how accurate they are. You could work either on your own or as part of a company or government body, but you must have an eye for detail and good time-management skills.
Featured Image: Adeolu Eletu, Unsplash.