There are numerous satisfying finance careers you can opt for depending upon your work background. Here are some good examples.
Whether you have worked in the industry for a while or you're looking to pivot, you are most likely mindful that wealth management is one of the most rewarding careers in finance. It is also among the more exclusive specific niches considering that entry requirements are more rigorous, given the calibre of customers and the knowledge needed. Wealth management firms like St James' Place are understood to offer their clients a thorough service that covers everything from investments and acquisitions to tax recommendations and retirement planning. The needs of high net worth people are totally different to those of regular financiers, implying that a tailored service is required to fulfil these needs. Considering that wealth managers deal with a few of the most valuable portfolios, constant tracking and research is needed to make sure that customers extract the most worth out of their investments. This is why wealth management is among the more intense financial services jobs.
Getting into the job market and finding a good role can be challenging for any market, but finding that very first job in finance is a lot more challenging 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 very best graduate finance jobs remain in the insurance industry. Insurance providers are one of the biggest employers of finance graduates as they tend to have training schemes and jobs that are ideal for individuals looking to get their foot in the door and get some introductory work experience. Insurance is likewise a great sector to pick up brand-new abilities, make some connections, and learn more about the inner operations of corporate finance. While there are different jobs individuals can choose, firms like Hiscox would agree that starting as a trainee actuary can be a terrific idea.
Lots of people actively attempt to get into finance thanks to the excellent pay packages and the career development chances the market provides. Like any other industry, the more experience and knowledge you have, the most likely you are to take home a handsome pay. Largely deemed as one of the highest-paying finance jobs, investment banking is among the most coveted fields in financial services. Investment banking mostly handles organising intricate financial deals such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Investment banking companies like Evercore Partners service customers like big corporations, pension funds, governments, and hedge funds. In many ways, 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 actual top of financial institutions, investment banks just work with the very best and brightest.