Starting a career in finance can be rewarding but really challenging, not only does it pay extremely well, but it allows you to work along with powerful and respected companies in there respected space and market places. As someone in the financial field you will learn to become a professional and wield a large amount of power over economy and society. So what are the best careers in the financial industry?
Read on to find out more.
Money Management. Salary -$40 000 to around $100 000/ yearly
If you don’t mind number crunching than this might be the one for you, Typically investment firms will employ you, you will manage institutional funds and will monitor cash-flow and invest in stocks and bonds.
So what are the cons? Be prepared for competition! To be recodnised you will need to stand out above the rest, this will mean hard work and dedication, work will become your wife and you will slave to her.In the begining you will have to settle for the more menial jobs to gain experience, but as you grow, you will earn more.
Working for large firms will become the norm, Barclays and State Street Global are just a few, who will employ money managers, you will also with stocks and the stock market which a lot of people find a very attractive option.
Financial Planning. Salary- $50 000 to $300 000/ yearly
If you like planning, than this one is for you. Helping people to plan there financial future is your job description, basically if you are working through a bank or institution, than you will be selling there financial products to the public.Depending on what company you work for or what line of finance your in, your products could range from, college savings products, insurance, home loans to investment plans that allow folks to reach there financial goals.
So what are the Cons?
This career can really depend on a few factors, such as who you know over what you know. In order to get clients you must first get get people to trust you, and then work with you, preferably people with money. Before people trust you you must have a name behind you, especially recently with the amount of confidence scams going around, people are more hesitant than ever to trust someone.You are also going to need to be good at talking and selling yourself as a financial adviser.
What Are the Pros?
If you enjoy selling, than this job will be a good fit, normally there is a wide range of products for you to sell for your company and it can be rewarding to see people reach there dreams and send there kids off to college or setup a retirement fund. Also, its the type of job where you can grow in reputation in a stable environment as you grow in knowledge and experience so will your bank balance.
Real Estate Sales. Salary- $60 000 to $35 0000/ yearly
If you’re a peoples person and someone who is good at sealing the deal than you will love real estate!
The Pros? Being a real estate agent means that you will most likely be brokering properties and land.It will provide you with a much broader scope of opportunities and will afford you with more freedom unlike any other financial career.
Cons? Freedom is not usually the best thing.Most real estate jobs will require that you run a company on your own or as a contractor, which will mean learning to be effective and manage time and resources well.Also how much you put in will then mean how much you get out. Resources
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