Today, аѕ quickly as the есоnоmу is changing, there aren't many career options that offer opportunities and security as a posting in the finance world does. In fact, in a time when the world is in the midst of change caused by dynamic economic forces (that very few understand) financial degree programs are more popular then ever.
What iѕ a Degree in Finаnсе?
Often confused with a business degree in accounting, a post graduate degree in finance is actually a lot more detailed and specific in its focus of financial topics. The discipline of financial accounting involves the management of revenues and serves decision makers such as banks, stockholders, suppliers and government agencies with the necessary information to make informed and thorough decision.
Even though a financial analyst will take care of a company's current investments and expenses, they infer trends through statistical analysis of the historical data of the company. Furthermore, they work to gain an understanding of the risk tolerance of the investors thus allowing them to build a financial strategy for the future of the company. Most fortune 500 companies rely heavily on the analytical skills and highly developed insights of those with financial degrees to provide options that assure the institution's continued growth and financial viability.
What Doors will a Financial Degree open?
In the last two decades or so, the world of finance has seen a stark rise in job opportunities for those who have the right qualifications. One of the major attractions of finance degrees for those looking to become financial analysts or investment bankers is that the degree hold long-term flexibility and can be capitalized on for years to come. As mentioned earlier, financial decision are based on historical data, as such the more adept an individual is in addressing and data crunching, the more successful in the field of capital and investment management.
As investment options and risk assessment involved in the management of a business (regardless of the size) grow more complex, financial accountants / credit controllers and analysts need to have the abilities to cover a wide array of responsibilities. So with some work experience in an organisation coupled with a specialized degree in finance would provide more lucrative job positions such as:
- Financial Manager: Directing financial reporting, cash management and investment for businesses in any field or sector.
- Commercial Banker: Help businesses with customised financial solutions like wire transfers, foreign exchange and lending options.
- Investment Banker: Assist businesses in planning financial investments, trade stocks and bobs and securities, control assets and execute asset management while providing generalized advice about financial investments.
- Insurance agent: Helping individuals minimize losses and manage risks in the event of a catastrophe.
- Corporate Finance Manager: Provides guidance and insight into corporate structures including the use of acquisitions and mergers to stabilize the company, while addressed cash flow statements and assessing growth potentials.
- Money Manager: Usually responsible for holding stocks and bonds for clients and investigating buying and selling opportunities on the stock exchange.
- Financial Planner: Develops plans for clients with the objective of multiplying wealth while minimizing risks thus assuring a reasonable and comfortable retirement.
- Financial Consultant: Consulting involves the practice of providing sound advice based on statistical data on creating or increasing shareholder value, managing securities and as well business valuation and forecasting.
- Real estate Manager: The real estate industry provides a wealth of opportunities and includes working with title insurance, construction insurance, property management, real estate development, mortgage banking and more.
Working professionals with a degree in finance have developed the ability to asses how risk and time influence money both in the private and public sectors and provides invaluable services to both businesses and private citizens.