If there's one industry that has stood the test of time and will continue to do so, it's the finance industry. The finance sector will always be needed because individuals and corporations alike rely on it. Financial planners, bankers, investors, and many others can expect to see a strong career path. There are many benefits to working in finance that ensure you have a successful career and happy life.
The Industry Will Keep You on Your Toes
The finance industry has to keep up with the changes in technology, ensure it is always operating within the law, including new ones, and is constantly learning about new markets. Finance is not only one of the most innovative industries there is but is a global market as well. Finding work in finance means you'll always be on your toes as you learn new skills, keep yourself updated on new technology, and learn about upcoming changes in finance.
You Get to Show Off Your Extroverted Personality
If you want to climb the corporate ladder in finance, your personality is just as important as your education and your business skills. Outgoing, charismatic people are likely to find it much easier to advance their careers in the industry. In addition to being friendly and good at talking to people from all walks of life, you need to be diplomatic. When working with clients, you must learn their goals and what they expect from the partnership and incorporate it into your own company's goals and ways of doing business. Sometimes, ideas won't mesh completely, but diplomacy helps to help businesses and clients meet in the middle.
Finance Jobs Offer High Earning Potential
Some of the most common careers in the industry are also some of the highest paying. Personal finance advisors earn about $65,000 per year, while finance mangers can bring in more than $100,000. Financial analysts and examiners have similar jobs and earn similar salaries at about $75,000 annually. Many finance companies offer a wide range of other benefits as well. Typically, your benefits package will include health insurance and life insurance, paid vacation and sick days, retirement savings matching, and much more. Companies also often repay employees for the money they spend on work-related travel and food, and may even be compensated for their gym membership.
You Can Choose From a Wide Variety of Career Paths
You can use your degree to work in a number of industries that rely on financial experts to thrive. Insurance companies and brokerage firms commonly hire finance graduates, as do firms that require experts in international finance management or corporate management. If you'd like to work with people on a more personal level, you can help people learn how to manage their finances and make sound investments by working in investment services or financial planning. Business of all types need accountants, finance attorneys, or tax attorneys, jobs that all deal with finances specifically.
Finance Opportunities Are Available Worldwide
When you work in finance, you may have the opportunity to work in finance capitals as New York City, Tokyo, Hong Kong, or Singapore. In fact, if you graduate and go on to work for a company such as JP Morgan, you might even get to do your training in a global finance hotspot. Maybe you prefer not to be tied to any single area of the world for your work. Many finance jobs allow you to work from anywhere in the world. Spend the day trading stocks before sinking your toes into the sands of Costa Rica or spend your career as a finance writer jet-setting to some of your favorite places.
You Can Use Your Skills to Benefit Your Personal Finances
There's one big benefit to working in finance that many people don't consider, and that's how your knowledge can affect your own cash flow. When you have intricate knowledge of what's going on in the finance industry, you have the upper hand when it comes to making sound decisions for yourself and your family. From the Infinite Banking Concept to using fundamental analysis concepts, a strong understanding of financial strategies can help you determine ones to skip and which ones have staying power that could boost your personal finances.
When deciding which finance career you'd like to pursue, consider the education requirements as well. Knowing whether you need to obtain a graduate degree or intern for a company in the industry is important for determining how you'd like your future to pan out.