Finance Job Descriptions
It's easy to categorize careers as a Wall Street investor or banker as finance careers, but multiple opportunities are available in finance that you might want to investigate. There are even specialized areas of banking and investing that might interest you. Increasingly, as global economies intertwine, job opportunities in the financial services cross industries and borders. Consider, then, some classic positions and some you may not have thought of.
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Commercial Banking
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Commercial banks provide financial services to large and small businesses, organizations and individuals. Commercial banking ranges from the teller at a local branch to corporate officers handling leasing, credit cards, international finance and trade credit. Specific jobs include: credit analyst, loan officer, branch manager, trust officer and mortgage banker. The commercial banking sector continues to provide the bulk of financial services careers.
Corporate Finance
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Ever wonder who handles the money for big businesses? Corporate finance professionals--including a company's chief financial officer (CFO)--help corporations find funding to run and grow a business and plan for its future. Some benefits of corporate finance jobs include working in teams, handling business problems that matter to you, receiving relatively high pay, and having opportunities to travel and meet people. Corporate finance jobs include treasurer, financial analyst, credit manager, cash manager, benefits officer, real estate officer, investor relations officer and company controller.
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Financial Planning
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If an individual wants help planning his financial future, he calls a financial planner. Individual financial planners work with clients on funding their children's education, post-retirement needs, investments, taxes and estate planning issues. Sometimes called wealth managers, they help the "average Joe" invest in the system. According to Careers in Finance, earning the Certified Financial Planner (CFP) designation or the Chartered Wealth Manager designation that is more popular outside of the United States, strengthens your career in financial planning.
Investment Banking and Money Management
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Investment banks work with companies and governments to issue, purchase and trade securities. They also manage assets and provide financial advice. Money managers work with fixed income securities (e.g., mortgaged-backed securities, corporate bonds, agency and asset-backed securities). A hedge fund manager handles all or part of a hedge fund and invests to maximize return its partners.
Real Estate
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Real estate holds more than 33 percent of the world's wealth. Directly tied to the development of society, real estate professionals have the opportunity to help make decisions that change the way we live. Real estate professional careers include residential agents and brokers, commercial sales, appraisal, property management, advisory, development, construction and real estate investment.
Insurance
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The insurance industry makes over a trillion dollars and employs at least three million people each year in the United States. Many career opportunities are available in the insurance industry: administrative support, management, sales, brokering, information technology, accounting, actuary analysts and customer service advisors.
Healthcare
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Careers in Finance states: "If anything, the health industry is likely to grow in size due to efforts to achieve universal coverage [under the 2008-2012 Obama administration]. To help individuals, hospitals and health providers with adequate support to meet the challenge, a career as a healthcare finance advisor or financial administrator is a career choice.
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References
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