The Financial Management is an essential part of the economic & non-economic activities which leads to decide the efficient procurement & utilization of finance with the profitable manner. In this article you will find outlines of available finance careers, including potential paths for advancement, general salary information and educational requirements. If you do not have a 4-year degree under your belt just yet, there is a section towards the end, which covers finance careers with flexible educational requirements. Various careers in finance such as stock / commodities brokers, securities analysts and portfolio or mutual fund managers will require you to live in major metropolitan areas such as New York City, Chicago, London or Tokyo.
There are no formal educational requirements for this career, although a bachelor’s degree in finance or a related field is always preferred. A broker should possess a combination of research and money management skills, along with a stable and assertive personality that can withstand working in a volatile environment. The average salary of a commodities broker is approximately $70,000 – $90,000 annually. Financial managers design and direct investment and cash management strategies, and oversee financial reporting for their organization.
Financial managers can be employed in different positions, such as controller, finance officer, credit or cash manager, and international banking manager or risk manager. They may be influential in mergers and global expansion or other related finance projects. The minimum educational requirement is a bachelor’s degree in finance, business administration, economics, or accounting. Many employers seek candidates with a master’s degree in one of these specialties. Advancement opportunities include working with a larger client base or moving to a management role.
Banks often fill branch management positions by promoting employees, such as loan officers, from with in their existing organization. The median salary for a financial manager is $92,000 annually, with the highest paid managers earning close to $150,000. Financial Analysts evaluate and study financial information, and provide investment recommendations based on their research. A bachelor’s degree is required and a master’s degree or professional certification (such as CFA or Chartered Financial Analyst) is advantageous to career growth.
The median salary for a financial analyst is approximately $67,000 with the highest paid analysts earning more than $130,000 annually. These salary estimates do not include self-employed personal financial advisors. A bachelor’s degree in finance or a related field of study is usually required and additional training or experience in sales and banking is advantageous. A bachelor’s degree is preferred (with concentrations in finance or law) for these types of positions and continuing education credits are necessary for advancement.