There are many satisfying finance careers you can go for depending upon your work background. Here are some examples.
Whether you've worked in the industry for a while or you're aiming to pivot, you are most likely aware that wealth management is among the most rewarding careers in finance. It is likewise one of the more exclusive specific niches considering that entry requirements are more rigorous, given the calibre of clients and the know-how needed. Wealth management companies like SJP are understood to offer their customers an extensive service that covers everything from investments and acquisitions to tax recommendations and retirement planning. The requirements of high net worth individuals are totally different to those of average investors, indicating that a tailored service is required to satisfy these needs. Given that wealth managers deal with a few of the most valuable portfolios, continuous tracking and research is required to make sure that clients draw out the most value out of their financial investments. This is why wealth management is amongst the more demanding financial services jobs.
Getting into the job market and securing a great role can be challenging for any industry, but finding that very first job in finance is much more hard due to how competitive financial markets can be. That stated, some sectors and specific niches are more accepting of fresh graduates with little to no working experience. In this context, some of the best graduate finance jobs remain in the insurance industry. Insurers are one of the largest employers of finance graduates as they tend to have training plans and vacancies that are ideal for people aiming to get their foot in the door and get some initial work experience. Insurance is likewise an excellent sector to learn new skills, make some connections, and discover more about the inner operations of corporate finance. While there are different jobs people can choose, companies like Hiscox would concur that starting as a junior actuary can be a great idea.
Many individuals actively attempt to get into finance thanks to the outstanding pay bundles and the professional development chances the industry provides. Like any other market, the more experience and know-how you have, the more likely you are to take home a handsome pay. Mostly deemed as one of the highest-paying finance jobs, financial investment banking is among the most coveted fields in financial services. Investment banking mainly handles arranging complex financial transactions such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Investment banking firms like Evercore Partners service customers like huge corporations, pension funds, federal governments, and hedge funds. In lots of methods, investment banks are financial intermediaries that facilitate flows of funds and allocations of capital. They bring together those who need money to invest with those who have money to invest. Seeing that they're at the very top of financial institutions, investment banks only hire the best and brightest.