Why You Should Pursue a Career in Finance
The finance industry is booming, and with no end in sight to the job growth in this sector, many individuals are considering a move into this field. Whether you’re graduating and looking for your first professional position, or you’re considering a career change from a completely different discipline, these are the reasons a career in finance could serve you well.
A Stable Industry
Financial services are always required; from small business to large corporations to individuals and everything in between, there’s no sign of slowing in this services industry. The proof is in the pudding, as the career growth for financial analysts is expected to expand by 23 percent. A bolstered economy sees an increase in financial careers, and as the United States economy continues to get stronger, you could stand to see a great deal of employment opportunities. Businesses will always need finance professionals to help them keep their books, manage their money, and analyze potential moves.
Diverse Career Paths
The field of finance offers a bevy of job opportunities, from investment positions to insurance roles, real estate options to accounting positions. The diversity offered in this field means you can find the perfect fit for both your skillset and personality. Whether you want to be in a high-pressure work environment or you’re hoping to find something that has you working a normal 9 to 5 with the same clients week after week, you’ll find the right position for your career aspirations. There’s a plethora of titles you might consider pursuing: financial analyst, accountant, enrolled agent, and investment banker are just the tip of the iceberg.
High Earning Potential
It’s no surprise that financial careers offer numerous benefits, especially when it comes to salary. Generous pay checks are just a part of the game, and many finance professionals can find themselves pulling in six figures at some point in their career. According to Salary.com, the median annual salary for financial advisors in 2014 was around $81,060. The highest paid advisors earned more than $187,199. Of course these numbers are largely dependent on geography, title, and firm size, but it’s safe to say the high earning potential inherent to finance careers is enticing.
Plenty of Room for Advancement
Regardless of position, there’s plenty of room for advancement in the finance industry. Whether you want to pursue a CPA designation to catapult your accounting career, or you’re looking to become a CFA and work for large scale corporations, you’ll often find employers are willing to foot the bill for educational opportunities that can improve your title and earning potential. Whether they pay for your exam fees, offer more incentive for a certain certification, or even pay for CFA prep courses, you’ll find that financial employers are more than willing to invest in team members they believe can bring more value to their business. Some may even be willing to foot at least a portion of the bill for the education expenses related to a master’s degree, so consider your aspirations and speak to your employer about potential advancement.
Worldwide Job Opportunity
Finance is global industry, and anyone looking for a job that offers the potential of international travel and even relocation can benefit from a position in this field. The world’s economy becomes increasingly integrated, and communication advancements have made it easier than ever to work with international contracts. There are numerous ways to expand your career on the global level, so if you’re interested in a career with location flexibility, consider finance.
If you’re recently graduated, you no doubt understand the pressures to find the right career area for your skillset. If you’re already settled in a career, you may understand the realization that the job you chose isn’t exactly what you were expecting. If you’re looking for a lucrative career path that offers plenty of room for earnings and advancement, consider finance.