It is highly likely that you will mention the term “career in finance,” the majority of the people listening will automatically think of accounting. While that is understandable, it is important to stress that there are many career fields in finance aside from accounting. This article discusses several of them, noting what they entail, as well as the education needed to obtain one of these degrees. In doing so, it will broaden your understanding of the field and may very well serve as prompt for you to look into a particular area further.
Many different careers can be pursued by individuals interested in finance. Corporate finance, public finance, banking, and consumer finance are four that are highly popular. Within each of these categories there are several subcategories, but an overall view of each is adequate for this discussion.
When businesses want to raise funds to expand, typically they assign that task to corporate financial officers. Similarly, government entities constantly need to repair their resources: one of the most common areas that we are all aware of is their work on roadways. When the budget lacks sufficient funds for these tasks, public finance officers are given the job of raising them.
Because money is the mainstay of banks, they have several finance positions. A bank manager, for instance, is given the task of overseeing the operations of one or more branches. Banks also have a wide array of lending officers, some assisting businesses, others geared to consumers.
Speaking of consumers, consumer finance holds a vast array of opportunities. Those engaged in it help individuals find the proper loans for their realty and other property, construct a savings and investment plan suitable to them, and offer counselling on managing risk.
Of the above categories, education has been most widespread for individuals with financial careers in banking. Indeed, some of the financial officers in banks have little formal education aside from a high school diploma and training courses, often given by the bank that employs them.
For most of the other positions, a college education is a necessity. Though there are specific courses for the major one is pursuing, the following courses are typically required for all finance majors, despite the specialty: 1) budgeting, 2) economics, 3) financial management, 4) risk management, and 4) general accounting, often including taxation.
Once you have obtained the degree desired, your opportunities are vast. Banks, credit unions, government entities, and a whole slew of businesses are constantly replacing or adding to their list of employees in finance. Also, there are several websites on the Internet which list such positions, allowing you to locate work from the comfort of your own home.
Many different careers can be pursued by individuals interested in finance. Corporate finance, public finance, banking, and consumer finance are four that are highly popular. Within each of these categories there are several subcategories, but an overall view of each is adequate for this discussion.
When businesses want to raise funds to expand, typically they assign that task to corporate financial officers. Similarly, government entities constantly need to repair their resources: one of the most common areas that we are all aware of is their work on roadways. When the budget lacks sufficient funds for these tasks, public finance officers are given the job of raising them.
Because money is the mainstay of banks, they have several finance positions. A bank manager, for instance, is given the task of overseeing the operations of one or more branches. Banks also have a wide array of lending officers, some assisting businesses, others geared to consumers.
Speaking of consumers, consumer finance holds a vast array of opportunities. Those engaged in it help individuals find the proper loans for their realty and other property, construct a savings and investment plan suitable to them, and offer counselling on managing risk.
Of the above categories, education has been most widespread for individuals with financial careers in banking. Indeed, some of the financial officers in banks have little formal education aside from a high school diploma and training courses, often given by the bank that employs them.
For most of the other positions, a college education is a necessity. Though there are specific courses for the major one is pursuing, the following courses are typically required for all finance majors, despite the specialty: 1) budgeting, 2) economics, 3) financial management, 4) risk management, and 4) general accounting, often including taxation.
Once you have obtained the degree desired, your opportunities are vast. Banks, credit unions, government entities, and a whole slew of businesses are constantly replacing or adding to their list of employees in finance. Also, there are several websites on the Internet which list such positions, allowing you to locate work from the comfort of your own home.
If you’re interested in pursuing a job in finance, visit http://www.badenochandclark.com
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