The outcome of every business is cash. It doesn’t matter if it’s a small-scale or large-scale business. The results are always cash. Some of this cash goes to the employees, some go for investment and the rest could be your profit. Distributing and handling the cash is a job for the finance department. No matter what business you do, you will have to hire someone from finance. We are just getting started on why you should go for a career in finance.
Finance is a broad field with many career choices
One of the outstanding things about finance is the variety of jobs. You can pursue different finance career paths with your finance courses or a degree. Let’s explore a few of these careers,
As an analyst, you must put together your math, accounting, and economics knowledge and make rational decisions. A financial analyst suggests the best practices for its employer. This makes them an asset to the company.
As the name implies, the job is to advise the companies on how to spend the money. You can work associated with a company or as a freelancer.
A chartered accountant is a renowned profession. Many multinational firms look for chartered accountants. Your work will revolve around finance management, advice, tax management, etc.
Companies usually hire a finance manager, and they look after the financial goals. The manager oversees tasks like investments, profits, bonuses, and increments. Every business needs a financial manager.
You can also get into a bank through your finance degree. A stockbroker sounds nice as well. The point is, there are many options, and you can choose whichever you like.
Finance is an active industry
As I have mentioned above, every business needs a finance person. There are many jobs in the finance field. The market constantly requires new finance graduates. The average salaries are around $85,000 annually with a finance degree. However, it varies up to the career path of your choice and experience. The market is competitive yet there are enough jobs for everyone.
Furthermore, finance is a forever-evolving field. You must stay up-to-date and focus on your problem-solving skills because this can get you the recognition you deserve.
Finance will help you in your personal life
If you are capable of handling finances, it will benefit you in your personal life as well. You can consider your earnings, expenditure and maintain a balance. Many people struggle horribly with finances, and they cannot save their money, but you can. Whether it’s saving for a trip or paying installments, your basic financial skills will guide you.
Finance can get you job in your favorite country
Finance careers are so vast that people will hire you overseas. You can go work in countries like Saudi Arabia, India, America, and England. These are just a few of them. Some businesses launch their branches in other countries and they prefer sending their native people over there.
Moreover, finance can make a prominent difference if you already own a business or want to start a new business. You can use your knowledge and skills to manage and analyze your finances. You will be more satisfied if you are personally attending to your business. The reason is human nature. A person can get greedy or be a fraud. So, it’s better to look after your business yourself.
Finance can help you maintain a balance between your personal and professional life.
Finance jobs are like office jobs. The working hours are flexible. If you are the ultimate family person, you can make time for your kids. You can also make time for self-care. Your job is always in demand therefore you don’t have to worry about your job security. You can surely get a job someplace better.
How to start a career in finance?
To start your career in finance, you need a minimum bachelor’s level education. If you plan to do a master’s, you can select the field of your choice like management, accounting, and economics. You can also get an MBA degree, this will add more importance to your resume.
You can also take different courses related to different finance sub-fields. These will polish your skills and increase your chances for promotion or a better job opportunity.