Top 10 jobs in Finance – Why?

In the highly competitive field of Finance, there are some jobs that can really make you shine. The following positions are demanding, well-paid and increasingly on the rise, presenting opportunities for career advancement and growth. Moreover, to land a job in any of these positions, it takes more than a bachelor’s degree.

  1. Finance Manager

A finance manager can have many different roles depending on the size of the organization. For example, in larger firms, finance managers are more concerned with the strategic analysis, while in smaller firms, finance managers are responsible for more tedious tasks. The responsibilities of a finance manager include developing departmental budgets; making forecasts; formulating long-term business plans; analyzing competition; developing risk management mechanisms; ensuring all projects meet their deadlines; conducting performance evaluations; identifying areas for cost reductions and operational improvements and much more. Normally, a bachelor’s degree in finance, management, accounting, or business administration is sufficient, but MBA holders or CFA (chartered financial analyst) holders stand better chances.

  1. Treasurer

A treasurer directs the financial goals of an organization along with its financial objectives and budgets. A treasurer’s duties include overseeing and presenting budgets, accounts and financial statements to the management committee; advising on the appropriate fundraising strategy; ensuring effective monitoring and reporting; ensuring compliance with relevant legislation; managing bank accounts; delegating financial responsibilities and more. Typically, a bachelor’s degree in accounting, finance, economics or business administration would be sufficient for a treasurer’s position. However, employers increasingly put a greater emphasis on advanced degrees for such positions.

  1. Financial Controller

Financial controllers manage the financial departments of an organization. The duties of a financial controller include producing financial reports, profit and loss statements, balance sheets, and financial prospectuses; preparing reports that estimate the future financial performance of the organization; establishing internal controls; presenting risk areas to the management committee; ensuring policies and procedures are in compliance with professional standards and regulatory requirements. A financial controller should hold a bachelor’s degree in accounting, finance, or business, and a certification such as CPA (certified public accountant), CFM (certified financial manager) or CMA (certified management accountant).

  1. Personal Financial Advisor

A personal financial advisor is responsible for assisting clients in reaching their financial objectives through well-thought investment decisions. A PFA’s duties include, but are not limited to, assisting clients with budgets, tax returns, and risk management; guiding clients through effective goal setting to achieve their financial goals; recommending financial solutions that would assist their clients to meet their short- and long-term goals; following up on plans and informing about potential modifications. An entry position as a PFA would require a bachelor’s degree in accounting or finance. However, additional licensing like a CFA or common licensing in Series 6, 7, 63, or 66 will increase your reputation in the organization as well as your salary.

  1. Investment Analyst

An investment analyst works with clients to help them make better investment decisions. Their responsibilities include recommending effective asset allocation and portfolio management based on investor profile; researching on funds; researching on a company’s financial performance; writing investment analysis; developing investment strategies and more. Investment analysts normally hold a bachelor’s degree in accounting, finance or economics, but candidates with an MBA are more desirable. Also, holding a CFA or CAIA (chartered alternative investment analyst) will provide you with a strong sense of attention to detail to your work.

  1. Portfolio Analyst

A portfolio analyst is generally responsible for using appropriate investment tools to wisely produce detailed analysis reports on portfolios. The duties of a portfolio analyst include recommending investment solutions; maintaining databases; creating asset allocations reports; responding to customer requests and more. Portfolio analysts typically hold a bachelor’s degree in accounting, finance or economics, yet an MBA is strongly preferred.

  1. Budget Analyst

A budget analyst provides assistance to help an organization develop its annual budget, but also to decide on how to allocate current resources throughout the organization, and how to estimate future needs. A budget analyst’s responsibilities include providing assistance during the budget-development process; using quantitative measures to properly assess the status of budgetary goals; performing trending analysis and projections; reviewing expenditures to ensure compliance with operational and capital budget limits; presenting information to the management committee; and more. Typically, a bachelor’s degree in accounting, finance, economics or business is sufficient for a budget analyst position. Nevertheless, candidates with a master’s degree in business statistics or finance are preferable because they possess a solid understanding of financial principles.

  1. Credit Analyst

Credit analysts determine the creditworthiness of an individual or an organization. A credit analyst’s duties include ensuring that approved accounts remain in good standing; establishing terms for approved credit requests; assessing credit risk; deciding if an individual or an organization is eligible for a loan. In majority, credit analysts hold a bachelor’s degree in finance, economics, business or mathematics but it is highly recommended to hold a relevant certification in order to have an excellent command of numbers.

  1. Pricing Analyst

A pricing analyst determines the best target price for a product or a service depending on the industry standards as well as what strategies the competition is using. The duties of a pricing analyst include identifying pricing trends over time; tracking consumer habits; observing the internal costs of a product; identifying a product’s quality; identifying and executing price improvement projects and more. Pricing analysts typically hold a bachelor’s degree in business, but an MBA is highly required. Also, pricing analysts are normally people who are in the company for quite some time and they are internally trained for this position.

  1. Loan Officer

Loan officer assists clients in applying for loans after assessing their creditworthiness to determine the best type of loan for their needs. A loan officer’s responsibilities include, but are not limited to, negotiating credit terms, and preparing credit analysis; consulting and performing credit reviews of potential borrowers; overseeing payments, and wire transfers; developing, maintaining and growing the loan portfolio of the organization or the client; developing new marketing strategies, networking, and more. Employers usually require loan officers to hold a bachelor’s degree in finance or economics, but you will be better off with a more formal education.

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