Career in Finance— Perfect Choice for Endless Career Opportunities
It’s no secret that acquiring a high-flying career in finance depends on more than just decent grades.
Whether you are just starting off or you are a senior manager with years of expertise and experience, this career choice can be the right decision.
In today’s fast- progressing workplace, accounting and finance professionals need to show everything from stellar interpersonal skills and razor-sharp analytical ability, to a quick-witted understanding of industry-standard software.
Career in Finance— All You Need to Know
Over the past few years, the finance industry is experiencing unparalleled growth across the world.
The industry broadens far beyond investment banks with professionals working in risk management, insurance, government, compliance, and many other areas.
If you are interested in pursuing a career in finance, this post will help you by giving you a quick overview!
Pursuing a career in finance offers higher salary opportunities and fast career placement after completing the relevant course.
Finance encompasses a lot of fields and embraces not only how budgets are being managed, but also the process of how funds are obtained. It is usually divided into three subcategories—corporate finance, personal finance, and public finance— each of them entails a different mindset and skills. The principles stay the same and each role needs knowledge and comfort with specific aspects of accounting, though.
Finance management needs sourcing money, which can be either done personally or through corporate funds or through a bank.
A job in finance needs not only a good knowledge of accounting principles, but also a clear understanding of the best strategies for raising and investing capital.
Steps— How to Start A Career in Finance?
There is no shortage of job opportunities for people interested in pursuing a career in finance.
Finance jobs are growing at faster rates across the world, outperforming most industries. And for those with a strong background and/or professional credentials, job prospects are especially outstanding.
Finance related positions are considered as critical organizational functions and are also a profit centre within organizations.
Here are 3 steps to start your finance career—
- Pursue the Right Degree
Many people assume that, there is no need to pursue a degree to get a job in finance. But this is not the reality.
A Bachelor’s degree is a minimum requirement to start a career in financial sector.
That’s why it is vital to choose the university and degree carefully because some banks or companies limit their hiring to the best universities.
Before you choose, make sure the college or university has a reliable business school and a strong reputation in the finance industry.
At Mont Rose College, we offer following courses in finance—
BSc Accounting and Finance: Accounting and finance are always a central part of any business’s operations. This is a degree that will help you gain essential professional accounting and financial skills.
If you want to be one of the financial advisors, or planning for a career headway in commerce, industries, retail banking, an insurance company, investment banking, treasury, taxation, and financial services management, BSc in Accounting and Finance course is the best qualification to pursue your chosen career option.
International Master of Business Administration: This course is designed to nurture sustainability, resilience as well as organizational trailblazing to prepare you for the modern-day global perception.
It helps budding entrepreneurs and business leaders to understand global ambiguities and unsystematic factors to adapt them quickly to their organization’s competitive benefit.
Earning a Master in Business Administration (MBA) is the most popular and direct way to enter the finance sector. An MBA is also fast becoming a basic condition to secure a good job in top organizations.
HND in Business Accounting and Finance: This course helps you understand the practical and theoretical aspects of accounting, finance, marketing, and management in business. The objective of the HND in Business Accounting and Finance is to develop skills in analysis, implementation and problem-solving.
- Pursue A Specialty
Without any doubt, finance is a wide-ranging industry, and pursuing a degree directed toward this area of finance offers you a wide range of career options. Graduates can look for jobs in finance departments, accounting departments, sales, education, banking, financial advising -the list of opportunities is infinite.
Having an analytical mind, being capable of reading financial data, interpreting it, and passing on findings and recommendations will help you.
It is recommended to specialize in one aspect of finance as specialization is the best strategy for a successful career, and can truly help you stand out and go ahead in your career.
- Get a Job
After successful completion of your finance degree, now is the time to get a job. Remember it is not only what you actually know, but it is also who you know; so, put much effort into developing and leveraging your professional network. It may look like your learning is completed as soon as you leave school, but it is just the beginning. Remember those who succeed never stop learning.
Every company irrespective of their size, shape or industry, deals with huge amounts of money, and look for candidates to manage their finances. Whether you want to be a bank teller, financial analyst or a financial supervisor, choose finance degree and enjoy the perks of being in the finance sector! Financial analysts provide businesses and individuals with needed investment advice and services.
Are you a helpful type? Do you enjoy the little warm-hearted feeling you get from assisting someone? You might be then suitable for a career in customer service in banking and finance. You can help clients clarify their doubts and confusion about their finances and accounts.
What are the Essentials for a Promising Career in Finance?
- A formal accounting and finance qualification from a recognized college or university.
- Interpersonal skills to build successful relationships with clients and colleagues.
- Excellent communication skills to communicate and explain financial jargon in simple terms.
- Financial reporting to streamline the processes.
- Decision-making skills to help the organizations make investment decisions.
- Analytical ability to analyse scenarios and derive suitable conclusions.
- Problem-solving skills to deal with different clients
- Knowledge of IT software to leverage new financial systems.
- Management experience to manage teams efficiently
- Commercial insight to understand the relationship between an organization’s financial behaviour and marketplace demands.
From nurturing the ability to think outside the box to brushing up on your financial-reporting skills, broadening your essential skills set is crucial to launching a career in finance that lasts.
If you are looking to start your career in finance, Mont Rose College offers
- BSc Accounting and Finance
- HND in Business Accounting and Finance
- International Master of Business Administration
Give your career a head start by enrolling for a degree in MRC. Explore the wide range of courses offered at Mont Rose College.