Top 5 Careers in Finance
Do you routinely find yourself reading statistical data? Do you enjoying balancing your checking account each month? There are some people with a natural aptitude for numbers and while many pursue a degree in business, few are certain what to do after they finish.
1. Financial Analyst Often found in a consultancy firm or similar company that advises clients on their corporate finances, a financial analyst helps people make smart investment decisions in line with their financial goals for the future, up to and including retirement pensions and 401Ks. An analyst will typically hold at least a bachelor's degree in business administration, accounting, statistics or finance and those who earn post-graduate degrees will find themselves positioned for a greater degree of marketability and a higher salary. On average, a financial analyst can make $58,000 per year with benefits and bonuses that may take that figure above $70,000.
2. Personal Financial Advisor A personal financial advisor is an individual, and often an entrepreneur, who works either in a small startup or a large corporation. Responsible for advising individuals on investments, tax laws and insurance, these personal advisors recommend financially-beneficial options that enable individuals to meet both their short- and long-term goals, including establishing a "rainy-day" fund as well as savings for major purchases or retirement. On average, these individuals pull in $66,000 annually, with benefits and bonuses shooting that number above $85,000.
3. Accountant When some people hear the word accountant, they groan. But an accountant earns a good living. Though busy year-round, many accountants make a large portion of their annual income from January to April (tax season). For the rest of the year, they often analyze, plan, evaluate and advise clients on successful tactics that enable them to maximize their earnings. Most firms (and discerning clients) will require a bachelor's degree in accounting or related field. And, as is true of almost any field in finance, those holding a master's degree consistently earn more than their undergrad-only counterparts. Average salary is $43,000 per year, with benefits and bonuses taking it as high as $53,000 and up depending on locale and clientele.
4. Buyer If non-stop number-crunching doesn't appeal to you, a career as a buyer might. Buyers purchase the goods and services a company needs to operate, either for resale or use in daily operation. Enabling you to break away from the calculator, required as a central component in many other finance careers, a buyer enjoys the opportunity to comparison shop between multiple products - a job function that also enables them to easily prove their worth when saving money on the bottom line. Depending on the company, educational requirements vary but a bachelor's or master's degree in engineering, business, economics or one of the applied sciences is often the standard. On average, a buyer can expect to pull in around $44,000 per year, and up to $54,000 annually with benefits and bonuses.
5. Treasurer If you're of a mind to go for the money, treasurer is where it's at in finance. Treasurers provide the financial goals, objectives and budget for their respective organizations, often managing corporate investments and executing capital-raising initiatives. Though it's still possible to obtain a treasurer position with a B.A. in accounting, finance, economics or business administration, many employers are now leaning towards those who hold advanced degrees in these fields, a preference that's reflected in the salary. On average, a treasurer can earn a minimum of $98,000 per year, with many earning $130,000 and above with benefits and bonuses.
But success comes to those with an end-goal in sight. So here are the top five careers in finance, selected for the qualifications required, potential for finding a job and average annual salary once you land that job.
About the Author
Ryan May started writing for BusinessDictionary in September of 2011. » Read more by Ryan May
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