If you are a movie buff with a knack for numbers, you must have watched the antics of Leonardo DiCaprio in the Wolf of Wall Street. In fact, it also likely that you watched other finance based thrillers such as Oliver Stone’s Wall Street, Margin Call, and Trading Places among others.
The Beauty of a Financial Career
While these flicks are Hollywood creations, most of the depictions in them are true. One thing that emerges in all of them is the fact that career success in finance is not easy. Indeed, they might make you even start vacillating about your choice of a career in finance.
Nevertheless, you need real facts about the beauty of studying and working in this field. Here are a few factors that will clear any doubts you ever had about your career choice.
- Assortment of Specialties
Do you want to audit, crunch numbers as an accountant, manage a company, advice on taxation matters or anything in between? You can choose from tens of career choices in finance and this versatility is what motivated U.S Money to rate this sector among the top five in 2013.
- Widest Range of Clients
In a study by National Association of Colleges and Employers (NACE), over 90% of graduates said they wanted a career in finance because opportunities are limitless. Virtually everyone needs financial services, and if you add corporate bodies, NGOs, governments, among other entities, you realize this is indeed a goldmine to propel you to your career dreams.
- Professional Growth
Unlike other industries, this is an ever evolving filed where innovations warrant more educational courses. For instance, a CFA is not enough if you are an accountant and you will find yourself going for an MBA and other specialist courses in your area of specialization. This in turn helps you scale the corporate ladder faster than you would in other fields.
- Exemplary Compensation
The median salaries of all professionals working in this sector are above the national average. The Bureau of Labor Statistics (BLS), for instance, records the average pay as $50,000 for the financial analyst, though this rises even above $180,000 for top level managers, investment bankers and other cadre. There are also commissions in some jobs and bonuses, and all these make your career choice even more logical.
- Positive Job Outlook
The outlook for most specializations, according to the Occupational Handbook provided by BLS, show projected growth with some, like financial planning, set to grow by 27% from 2012 to 2022. This is an indicator that thousands of jobs will be created which makes this a safe career choice.
Well, there is no gainsaying that money makes the world go round, and for this to happen, there must be someone to control the system. Whether you want to become a stockbroker, risk manager, financial analyst, accountant or an auditor, there are myriad opportunities to exploit in finance.
Nevertheless, you must have the prerequisite skills to prosper in a particular field which calls for professional training. While you might not start at your desired position, there is no doubt a plethora of opportunities lay ahead for you in this area.
Author Bio: Charlie Brown is a financial expert working in the debt reviews sector. He has worked as an investment banker, business administrator and now writes on emerging financial issues.