Five Careers for People who want to Work in Finance

finance

Working in the finance sector is a goal for many people. At the end of the day, in a capitalist society, the goal for many people is to make money. While this can be done in many ways, being directly involved in the finance industry puts you up close and personal with the money – which in short is the means by which capitalist success is measured. But working in the finance industry is very broad as there are lots of jobs and career paths that you could follow. If you know that this is the direction that you want to head in, then here are a few angles or career paths that you might want to consider.

Auditor

Auditors are essentially the referees who make sure that everyone plays the commercial game according to the same rules. These are the people who come in and make sure that the books are not being cooked, that the investors are getting out what they should and that the correct taxes are being paid. For those who are interested in this field, there are plenty of auditing courses available to study at tertiary level. It certainly requires some qualifications, but it also requires attention to detail and the willingness to ask awkward questions.

Stockbroker

These are the guys who buy and sell shares and make trades on behalf of their clients. They will often manage large portfolios of assets. Typically, these portfolios are full of listed companies and it is the role of the broker to know what is performing well, what is struggling, how much of each stock to hold and when to offload. It is a great job, seriously challenging and one that requires an intimate knowledge of the stock market – both locally and internationally.

Book-keeper

These are the people who run the finances for their company. It is a more one the ground role, keeping track of receipts, making payments and updating the various cash ledgers and accounts. The bookkeeper is essentially the ground floor of the accounting and auditing chain. It is often a role that can be filled by somebody with nothing more than school accountancy.

Banking

The banking field is vast and varied and it could be a great place to start your financial industry career. In terms of banking, you could even start out as a teller. The teller is the person who handles the transactions between the bank and the client. But behind the teller, there are bankers and managers and loans consultants. These are all critical roles in the creation of a functioning banking ecosystem.

Advisor

The independent financial advisor is a role that more people should consider making use of. This is a person who looks at your overall financial health and planning. They will assist with retirement planning, income protection, insurance, estates, and general financial planning. Often trained as chartered accountants or brokers, make sure that if you do end up in this position that you do so as an independent broker representing the interest of your clients, and not employed by a financial services institution and representing their interests.

About Mohit Tater

Mohit is the co-founder and editor of Entrepreneurship Life, a place where entrepreneurs, start-ups, and business owners can find wide ranging information, advice, resources, and tools for starting, running, and growing their businesses.

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