Finance Education Requirements and Job Options
The field of Finance deals with everything that is related to money and assets. This entails all individuals and organizations, which deal with private equity and shares, assets, market valuations and so on. This field has a host of professions to offer, ranging from a Chartered Financial Analyst, a Financial Advisor, Corporate Finance, Money Managers, Financial Planners, Insurance Agents to Real Estate Agents and others.
While there are many universities and colleges which offer both graduate and post graduate courses in Finance, it becomes easier to choose a major in Finance, which is of interest to a person. Graduate degrees include subjects like markets, accounting, financial, managerial and investment analysis. Whereas the masters courses provide advanced training in the ones studied at the graduate level. There are also specific courses provided by various institutes, which train professionals in investment banking, corporate finance, financial modeling and others, which help them advance their career.
Apart from these mainstream education courses, there are also certifications and licenses that can enhance the career prospects of finance aspirants. The CFA (Chartered Financial Analyst) certification exam is one such prestigious exam. After clearing the three levels, a candidate is conferred with this designation, which is recognized worldwide. There are also various licenses, for instance the Series 7 which an individual is supposed to possess to carry out certain deals.
It is not always necessary to just have a graduation degree if one wants to work with in the field of investment banking, a person can do a short term stint with a firm and then go ahead and do their MBA. Having degrees is not as important as it is to possess licensures and certifications. Thus having a minimum bachelors degree, will be less preferred to someone with a masters degree as well as professional certifications and licensures.
The following are a few of the Job Options offered in the field of Finance:
Financial Advisors: These are the people who provide assistance to private individuals as well as companies, in terms of the stock markets and investing in bonds. They provide advice on how to increase assets and manage liabilities.
Investment Bankers: Considered to be one of the most blue-blooded of professions, the investment bankers are hired by Banks to either merge certain two companies, help a company to acquire another firm. Assist in the financial valuation of a company and help them in investing.
Financial Analysts: Like all analysts, these professionals are supposed to help businesses and individuals by evaluating the trends in the stock market and the fiscal situation at the moment.
Corporate Finance: Working in corporate finance entails working with a company and helping it grow by managing its assets, eliminating any risk, acquiring new companies and merging with others and so on.
Apart from the above, there are various other job options like Mergers and Acquisitions, Financial Modeling, Financial Consulting and Planning, Insurance Industry, Real Estate and many others. There are also a lot of institutes offering professional courses in Investment Banking, Corporate Finance as well as training to crack the Chartered Financial Analyst exam.
Imarticus Learning offers a host of courses in the field of Finance, as well as provides guidance in cracking the CFA exams.