There are many rewarding finance careers you can go for depending on your professional background. Here are some examples.
Whether you have worked in the industry for a while or you're wanting to pivot, you are likely aware that wealth management is among the most satisfying careers in finance. It is also among the more exclusive specific niches because entry requirements are more rigorous, given the calibre of customers and the competence needed. Wealth management companies like St James' Place are understood to offer their clients a thorough service that covers everything from investments and acquisitions to tax advice and retirement preparation. The requirements of high net worth individuals are entirely different to those of average investors, suggesting that a custom service is needed to fulfil these requirements. Considering that wealth managers deal with a few of the most valuable portfolios, constant tracking and research is needed to make sure that clients extract the most worth out of their investments. This is why wealth management is among the more demanding financial services jobs.
Breaking into the job market and finding a good role can be challenging for any industry, however finding that first job in finance is much more difficult due to how competitive finance markets can be. That said, 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 are in the insurance industry. Insurance companies are among the largest employers of finance graduates as they tend to have training plans and vacancies that are perfect for people aiming to get their foot in the door and get some early work experience. Insurance is likewise a good sector to pick up new skills, make some connections, and discover more about the inner workings of corporate finance. While there are various jobs people can choose, firms like Hiscox would agree that starting as a junior actuary can be a great plan.
Many people actively attempt to tap into finance thanks to the outstanding pay plans and the career development opportunities the market offers. Like any other industry, the more experience and know-how you have, the more likely you are to take home a great pay. Mainly considered as one of the highest-paying finance jobs, investment banking is among the most sought after fields in financial services. Financial investment banking mostly deals with arranging intricate financial transactions such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Financial investment banking companies like Evercore Partners service clients like big corporations, pension funds, federal governments, and hedge funds. In many ways, financial investment banks are financial intermediaries that help with flows of funds and allocations of capital. They bring together those who require cash to invest with those who have money to invest. Seeing that they're at the very top of financial institutions, investment banks just work with the best and brightest.