The Topmost and Highest Paying Career Jobs in the Sectors of Finance-Accounting, Budgeting, Taxation and Information Communication Technology (IT)
The financial sector offers challenging, diverse career opportunities for profitable and self-motivated, hardworking candidates. Change is a permanent career in finance, who need training in technologies, regulations, and globalization of the market.
In this article you will find the schema for a career in finance, including the possible career paths, general increases in knowledge and training. If you do not have 4 years degree under your belt just yet, is the end point, which covers the financing of the training needs of flexible jobs.i.e without 4 years degree, jobs in financial sector can still be accessible.
Evaluate your career options, choose a direction and know exactly what you want to achieve. Employers choose people very ambitious and effective way to join the ranks, and those who are most successful in the industry are focused on their educational goals from the beginning. Research careers and the steps to achieve the desired level of achievement and continually develop through formal training and personal study.
Geographic factors for Considering Career in Finance
If you are interested in accounting, insurance underwriting, or becoming a personal financial advisor, you will probably find opportunities nationwide. Different careers in finance, such as stocks / products dealers analysts and portfolio managers or funds, you will have to live in large urban areas like New York, Chicago, London or Tokyo. It is important to consider this parameter when planning objectives and design of your study.
Finance Careers
Financial Services Brokers
Brokers also called sales representatives or account managers values, work to represent people or organizations who wish to buy and sell stocks, bonds and other financial products. Financial services intermediaries to analyze companies that offer reservations and customers advice on investment strategies. The most important aspect of this position is to develop a customer base to work with them. A 4-year college degree desired for this position, but not always necessary. Riders must pass the Series 7 exam to obtain a permit and register with the NASD. Brokers work in brokerage firms across the country, with great opportunities to be in New York and other major financial centers worldwide, including Chicago, London and Tokyo.
Depending on your skills, brokers can progress rapidly and can become office managers or partners of company ownership. This is based on the groove, so that wages can be very different. The average salary is between $ 50,000 and $ 75,000 a year, no bonuses.
Commodity Broker
Commodity broker, also known as the futures trader, sales and purchases of raw materials dealers and customers. Brokers work in a brokerage house or exchange merchandise on the floor. They work on commission and for the management of the end of the bargain.
There are no educational requirements for this career, even if a degree in economics or a related field is always preferable. License is required. A broker must pass Series 3 studies to meet the legal requirements for registration of federal, state and industry organizations. A broker must have a combination of research skills and money management, with a stable and authoritarian personality that can tolerate working in an unstable environment.
A successful broker can range from simple running operations to become a full service broker or a commodity trading advisor. The average salary of a commodity broker is about $ 70.000 to 90.000 per year. These figures do not include bonuses that could significantly alter the level of income for brokers.
Economic/Financial Managers
Financial design and management of direct investment and cash management strategies, and overseeing the financial reports for their organization. CFOs may be employed in various positions such as Controller, Finance Officer, credit or cash manager, then director of international banking and risk manager. They can be influential in mergers and global expansion, or other finance related projects.
Minimum requirement of education is a degree in finance, business administration, economics, or accounting. Many employers are looking for candidates to master these specialties. Exemption from these requirements is a bank. Banks often fill management positions by promoting branch employees, including loan officers, their current organization.
Including professional certifications that may be, which is low-cost progression of this highly competitive industry. The median income is paying $ 92,000 a year, the highest paid managers earned nearly $ 150,000. Salaries vary geographically and across industries. The business leaders, and securities and commodities are the highest paid in the field, while in the service of local government to earn less.
Financial analysts
Financial analysts assess and review financial information, and provide recommendations based on their research findings from diverse sources of investments. It also analyzes the financial statements of a company, sales and tax rates on earnings of the project and to determine the value. Financial analysts are also known as financial analysts, security analysts or analysts' notes. Banks, mutual funds, insurance companies and securities firms by the use of financial analysts.
A bachelor's degree is required and as well as a master's degree or professional certification (for example, or CFA Chartered Financial Analyst) is beneficial for professional growth. Licenses may be required, depending on location and specialty. Growth opportunities for financial analysts experience including management of major responsibilities in the management of the most important advance in the portfolio or fund manager.
The average salary for a financial analyst is about $ 67,000 with the highest paid analysts earn more than $ 130,000 a year.
Personal Financial Advisors
These consultants work to assess the financial situation, make recommendations for investment decisions, and develop a plan for long-and short-term benefits. They can help the real estate and retirement, to provide tax advice and develop strategies to save for college. Some advisers also sell life insurance. A large part of both personal financial advisor is spent marketing and sales positions to create a customer base, and thus increase their income.
Excellent communication skills are needed to effectively help clients understand the financial markets. A bachelor's degree is preferred, but not always a necessity. A license is required to advise on investments in securities and insurance sales. A professional, as a certified financial planner is also useful for progress. Advancement opportunities are to work with the largest customer base or move to a management role. The average income is $ 67 000, with best-paid financial advisers earn more than $ 145 000 per year. These estimates do not include salaries of self-employed personal financial advisors.
Loan Officer
Most loan officers work for commercial banks and savings banks. A loan officer with the client guides the whole process of loan application, from initial information gathering to establish a repayment schedule. Loan officers sometimes act as salesmen, and usually specialize in business, commercial, mortgage or consumer. A bachelor's degree in economics or a related discipline is usually required and additional training or experience in sales and the bank is an advantage. Annual earnings fluctuate with the number of loans generated.
Insurance Underwriter
Insurance service provider considers a variety of factors that determine the risk of insurance application, and to know if this risk is acceptable, or could result in the loss. Bachelor's Degree is preferred (with concentrations in finance or law) in this type of work and continuing education credits are needed for progress. Candidates with strong communication skills and be proficient with technology. Opportunities for advancement include senior management positions, and the guarantor. The average salary is $ 52,000, which is the most paid by insurers to receive the annual salary of over $ 92,000.
Budget Analyst
Budget analysts estimate the financial needs of their company or organization, and analyze and develop a budget accordingly. They evaluate how to increase their profits, to distribute available funds effectively. They may be involved in budget implementation, policy analysis and exploration of alternative funding models.
Degree is the minimum requirement for this position, but many employers prefer a master's degree. Almost half of the budget analysts who work for the government is working in the United States, federal, state or local level. Many entry-level employees receive extensive training, both at work and school environment. Opportunities for progress can be expected at 1-2 years and more experience, so that a high level.
High ethical standards are a prerequisite for these positions because of the confidentiality of financial information. Budget analysts are often significant time constraints.
The average salary of budget analysts is $ 62,000, the highest paid positions earn $ 93,000 or more per year.
Actuaries
Actuaries to assess risk and determine the policies to minimize the financial impact of risks to the company. Pension actuaries to assess and report on financial stability of insurance. Actuaries are used mainly but not only for the insurance industry. Actuaries are also working in the field of financial services to assist service prices of securities and investment planning tools.
A bachelor's degree in mathematics, finance or statistics or a related field is required. In addition, actuaries must pass a series of tests for certification.
Advancing actuary, is highly dependent on performance recording beyond the number of exams passed. Possible options include the advancement of positions of leadership and management of Chief Risk Officer and Chief Financial Officer. Entry level actuaries earn between $ 55,000 and $ 70,000 per year, while high-level actuaries can earn as much as $ 150,000 per year.
Accountants and Auditors
There are different specialties in the field of accounting, including management accountants, auditors (also known as external auditors), public accountants and auditors, tax advisers, accountants and internal auditors. General responsibilities include analyzing financial data, allowing efficient and accurate recording and preparing financial documents. Accounting plays a major role in decision-making management, providing financial information that has been carefully analyzed and presented with recommendations.
Accountants are employed in the company and the organization of almost everyone in the country. Most positions require a bachelor's degree in accounting or related field of study. Licensing and certification is often necessary for progress.
Salaries vary by experience and specialty, with the entry-level accountants earn between $ 35,000 to $ 50,000 per year. Accounting officers and directors can earn between $ 100,000 and $ 210,000 per year.
Finance careers without a degree
If you are interested in a career in finance, but lack a degree in four years, there are still many opportunities to gain experience in this area and advance your career. A higher level of education is always desirable, but the following positions are flexible in their demands.
Secretary of brokerage or Brokerage Clerk
Employees by commodity and stock exchanges and banks, brokerage brokers support transaction processing, making phone calls from clients and keep records of customer accounts. Some companies may offer job training or formal training classes and can help an employee for the preparation of tests for a Series 7 license. Licenses will be a more valuable employee for the company, and will advance to a position of broker. A brokerage commissions should have strong sales and customer service skills, be comfortable under pressure and have an aptitude for numbers.
The average wage is $ 36 400, with the highest paid employee earning more than $ 57,000 per year.
Assistant accounting, auditing and accounting
Desks are available in different types of businesses, offering many opportunities for managers of financial records. Some of the tasks performed by accountants and accounting clerks include maintaining accurate records, control of accounts payable and receivable and profit and loss reports. Employees of verifying the audit records of transactions made by other employees, to ensure efficiency and accuracy.
A clerk in this area must be competent in using spreadsheets, although many companies offer the training. A requirement for a minimum education high school diploma is required and college will always be preferable. An associate degree may be necessary in certain situations. Work experience in a related job or working in an office environment that is useful.
The average salary of an accountant is about $ 30,600 for the highest paid earning $ 46 000 per year.
Checkers of Credit/Credit authorizers and Clerk Employees
These positions are usually about the credit check authorization and processing of credit applications for consumers or small businesses. In addition, upgrading the credit information to credit reports. An experienced staff whose skills can move into a supervisory or management. A high school diploma is usually the basic requirement, but familiarity with computers and good communication skills are useful. Many organizations provide training. The average salary is $ 25,000 per year.
Claims Assessors/Appraisers, Examiners and Adjusters
The adjustable loans and allow the exam fee, study claims filed, and to negotiate agreements with contractors. Insurance companies and businesses that specialize in the development and evaluation are the largest employers in those sites. Allegations investigated by interviewing the applicant and, director hospital records and witnesses of the law enforcement authorities or damage control. Assessors, surveyors and experts is usually a specialty area, such as automotive, health, property or life insurance.
Many employers prefer to hire college graduates, but this is not a strict requirement. Annual earnings vary a lot in this profession. Median salary is about $ 43 000 with the highest earns almost $ 70,000 per year.
Finance Careers : Job Search Links
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CareerBank.com
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• Accounting Crossing
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