Top 5 Career Choices for Finance Majors

You are a finance major with no clue where to start your professional career? The good news is that, even though you have little or none practical experience, you...
Top 5 Career Choices for Finance Majors

You are a finance major with no clue where to start your professional career? The good news is that, even though you have little or none practical experience, you are equipped with broad theoretical knowledge. This knowledge, together with the analytical skills you obtained through the education system, gives you an opportunity to choose many careers in the world of finance. Once you choose one, you can then perfect your skillset and specialize in that niche. To help you make a decision, here is a quick overview of the 5 most desirable career options.

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1. Accountant

Finance majors, among other knowledge, obtain basic accountancy skills. They are taught to analyze different business problems with attention to detail which is a useful trait for an accountant. Depending on the type of accounting you might opt for, you may need to interpret reports and convey essential financial information to managers or find leeway to decrease the tax that needs to be paid. One of your tasks could be related to the payrolls, as well as income and expenditure audit, so the more meticulous you are, the better. Also, the position of an accountant is usually a nine to five job in the office, unless specified differently by the employer.

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2. Financial Planner

A financial planner works closely with the people so strong interpersonal skills are essential. You will be a part of important events in the lives of your clients, such as retiring or handling inheritance. If your clients wish to start a small business and are in need of an urgent financial solution, you will be looking at the situation from the financial perspective, as well as offer advice on favorable fast short-term business loans whose application process is quicker and the repaying plan shorter. Since you would be advising your clients about crucial financial decisions, this profession is not for the hesitant but for those comfortable with making decisions for themselves and others.

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3. Credit Analyst

A credit analyst’s employer will most likely be a company or an organization and in short, you would need to assess the creditworthiness of both present and potential customers and clients. Analyzing financial records and other data will give you a clue as to the credit score as well as to the legitimacy of the information provided by the clients. You would also be assessing and setting credit limits, maintain related customer files as well as monitor the risk trends. In addition to risk trends, your expertise and experience in the finance will need to be applied to making predictions regarding sales. As a credit analyst, your communication skills need to be up to par to be able to extract data from prospective clients and present them in a form of analysis to your employer.

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4. Business Teacher

If you have excellent interpersonal skills and you have a knack of finding a way to explain things so that everyone can understand, then a business teacher is the job for you. Relaying knowledge on finance is no easy task but if you have the tendency to remain persistent and if you work hard on breaking lessons down to the simplest of elements, you will enjoy your chosen profession very much. Your presentation skills need to be more than satisfactory since the manner you present some concepts helps students grasp the idea behind it. You could also include any personal experience that you might have working for different companies or bring a guest speaker since practical advice is also a powerful tool for learning.

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5. Commercial Real Estate Agent

Although a financial background might not be mandatory for the position of a real estate agent, it is more than helpful. They need to understand the business plans and financial status of clients so that they can offer a space which will suit their needs best. Among other things, it is important to assess just how much the business will expand so that you have some idea about the size of the space they would need. For example, if you predict that they will grow, you can offer them office rooms next to another one that is also empty so that when the need arises, they can simply expand to the adjacent space.

Acquiring such broad knowledge gives you an amazing choice between many career options. The unique combination of interests, character traits, skills, and values is what will help you in making that decision and becoming successful.

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