How to Find Good Career Choice in Finance?
According to the U.S. Bureau of Labor Statistics (BLS), the demand for finance jobs will continue to be high from 2022 to 2032. The expected openings each year are projected to remain around 911,400. The need for job roles like financial examiner, etc., may grow at a whopping rate (over six times faster).
Finance is a rewarding career choice for minds with analytical and financial acumen. Also, the field offers many roles like financial analyst, finance manager, finance auditor, finance planner or advisor, investment banker, etc. The finance worlds grow by leaps and bounds, allowing several professionals to join these sectors and maximize their career growth.
Top Benefits: Finance Career Path
Finance careers offer high remuneration, stability, scope, and numerous opportunities for career advancement. Unlike sales, finance professionals have the flexibility to work remotely or in hybrid environments. Let us explore some top benefits and establish that finance is a good career path.
✍ Good Salary
Finance professionals make good money and draw above-average salaries. According to the BLS data, the average income of personal financial advisors and financial analysts was $95,390 and $96,220, respectively, in 2022. This is much more than the average salary for other occupations. Most financial occupations get relatively high pay, usually higher than the average salary of other jobs in the United States.
✍ Other Perks
Finance professionals get various perks and benefits like healthcare insurance, discounted travel, gym membership, etc. The investment, banking, and finance sectors offer large bonuses, too. Bonuses attract the candidates, and they feel excessively motivated to toil for long hours.
✍ Growth
If you are looking for a career progression, you must consider a career in finance. The finance role is one of the jobs needed across all sectors and industries like commerce, retail, banking, manufacturing, etc. Therefore, a career in finance is always relevant and evolving. Moreover, the finance sector doesn’t cease to advance and expand. There is innumerable growth within the same industry or elsewhere. Once you gain significant experience, you can map your career path and decide the most lucrative route.
✍ Various Job Options
Due to the immense growth opportunities in the financial world, professionals take up various jobs like actuary, portfolio manager, quantitative analyst, economic analyst, securities trader, senior financial analyst, etc. Within a finance career, you are never limited to one position. A finance-related degree gives you the freedom to select from various career choices. Become a retail banker, pursue a finance auditor role, or join financial services or law; the choices are unending.
✍ Stability
A career in finance is quite stable. While this sector is known for laying off employees from banks and brokerages during recessions, the demand for finance certifications is unending. Due to the high demand for qualified finance professionals, the professionals are never out of work for long.
✍ Chance to Work in a Dynamic Sector
Are you longing to work in a dynamic sector? The digital revolution has transformed the functioning of nearly all industries, including the finance industry. The technological transformation in this sector has been phenomenal. Advancing finance technology or Fintech has broadened the horizon for finance professionals. They are always updated with the latest in this evolving world and have become more knowledgeable than ever. This allows them to enhance their subject knowledge, attend real and virtual learning workshops, evaluate business opportunities, and continue to have a robust career in finance. You can get mentored by internationally experienced industry experts.
✍ Fast-paced Work Environment
If you like to be in a challenging role, then the finance industry is the best for you. It moves at a gigantic speed. Finance professionals face various daily problems. Using their critical thinking and problem-solving skills, they also manage their daily chores and sort issues. This gives an adrenaline rush to the professionals, who idealize the same for breaking the monotony!
Wrapping up
One of the best things about pursuing a career in finance is the opportunities to grow and perform. The financial sector is diverse and offers many career options. Whether you become a financial analyst, investment banker, accountant, or financial examiner, the career progression will be route! You can enjoy benefits like a walloping salary, stability, flexibility, the ability to choose from various job roles, etc.
