Financial Services Career


There are a number of roles a Finance Professional can play in the Finance Services industry. The Financial Services executives can help investors get an idea about how and when they should invest and making the deal in a bid to maximize the profits of both of them. A Financial Analyst analyzes the financial market, investment prospects and the detailed analysis of the portfolio and the health of the investment of a client. Actuaries are professionals that analyze complex data for insurance companies pertaining to the life and death of clients, retirement and investment trends and a number of factors that could affect the operations and profits of an insurance agency. A Financial Service Sales Agents are account and relationship managers, who look after the client investment account.

Pursuing a Career in Financial Services

 

You can develop a career in Financial Services if you are a number cruncher, have a passion for finance and possess a good understanding of financial markets, investments, economic conditions and the risks involved in investing. You would have to act like a financial guide to the investor, most of which would have the money but not the expertise to invest properly. You would have to carefully analyze their and offer them just the service for which they turned to you, that is, offering a profit on their investment with your Financial Services firm.

Financial Services Career: Qualification, Courses, Training

You are qualified to be selected to work in Financial Services if you hold a degree in Finance, Economics, Statistics, Accounting or Business Administration with majors in Finance apart from other related disciplines. The requirement of the experience would depend on the position. Higher degrees would be required for supervisory positions and further career growth. On-the-job training and certifications such as CFA or Chartered Financial Analysts hold great value. Actuaries need to pass the actuarial exams offered by the SOA, the Society of Actuaries, and CAS, the Casualty Actuarial Society.

Financial Services Career: Schools, Colleges, Universities

Financial Services professionals could find the following schools offering the best educational qualifications for their careers.

  • Sloan School of Management, MIT, Cambridge, MA
  • Harvard University, Harvard Business School, Boston, MA
  • University of California-Berkley, Berkley, CA
  • Stanford University, Graduate School of Business, Palo Alto, CA
  • Pennsylvania State University, Smeal College of Business, University Park, PA
  • University of Pennsylvania, The Wharton School, Philadelphia, PA
  • University of Chicago, Booth School of Business, Chicago, IL

 

Financial Services Career: Job Opportunities, Salaries and Recruitment

As per the Bureau of Labor Statistics, Financial Services industry offers average annual earnings of $73,150 and a job growth of 20% for Financial Analysts, annual earnings of $84,180 and job growth of 21% for Actuaries, annual earnings of $81,940 and job growth of 9% for Financial Sales Agents and annual earnings of $115,520 and job growth of 8% for Financial Managers. All job growth statistics are for the period from 2008 to 2018.

 

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Finance Job Duties

Category: Finance Careers

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