The finance industry offers many options to students wanting to join the finance profession. Today’s finance profession is not limited to just accounting jobs. A finance student can be suitable for various finance roles with the right finance education. Most finance careers require you to be good with numbers and have knowledge of basic business statistics. Let’s take a look at some of the lucrative financial education options.
Accountancy: This is the most widely popular financial career. Commonly referred to as a public accountant, you learn about preparing and maintaining a business’s financial records. You also learn about taxation and other economic aspects of the company. Education in this area is comprehensive, and the exam is difficult. Apart from public accountants, there are other specialized fields such as cost accountant, management accountant, and tax expert.
MBA Finance: Another popular area in finance education is the MBA in Finance. This program is at the post-graduate level and is offered by most universities and business schools. An MBA Finance degree opens up career opportunities in plenty of areas, including banking, financial analysis, financial markets, research, etc. In general, the reputation of an MBA Finance is measured based on his skill level and the college’s reputation from where the program was completed. Financial Planning: This is one of the most sought-after professions in finance. As a financial planner, you are required to manage the personal finances of individuals. You are expected to invest people’s money in the best assets based on their risk profile and advise them on various matters such as taxation and real estate.
Finance Certifications: As the finance profession has grown, many new finance certifications have emerged that help students acquire particular financial knowledge. For example, the Certified Financial Analyst (CFA) designation enables you to become a financial analyst. In addition, there are popular certification programs for becoming risk Managers; these are Financial Risk Manager (FRM) offered by GARP and Professional Risk Manager (PRM) offered by PRMIA. If you are interested in Alternative investments, you can become a Certified Alternative Investments Analyst (CAIA). There are financial certifications in almost every area of Finance.
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You can choose to pursue your finance education either as self-study (through certifications) or by joining a college. In either case, you will gain practical experience once you enter the industry. Sam is a finance expert and has over 10 years of experience in the financial education industry. He currently writes for Finance Train on various topics in Finance Education.