How to Start a Career in Finance?
The finance industry continues to grow at exponential rates and brings with it many new career opportunities within the business world.
A career in finance can be exhilarating and monetarily rewarding but with so much information out there, it can often be difficult to get practical suggestions on how to start a financial career or choose the right finance career path.
This blog will provide you useful insights into the business world and outline some important tips on starting a career in finance.
Why Should you Pursue a Career in Finance?
As finance is an integral part of every industry, obtaining basic finance skills can significantly boost your career prospects, no matter which sector you are interested in. Here are few reasons why you should pursue a course which will provide you with these finance skills.
- It is a great domain for beginners: Many of the starting positions in the field do not require specific skills, making it a great choice for those exploring how to get into finance without prior experience. If you are looking for a lucrative career, work experience in finance can make you an attractive candidate.
- The industry is always evolving: With the rise of fintech careers and newer domains in the field, traditional banking has now progressed to incorporate fin-tech products such as decryption of financial statements and cryptocurrencies. The field is changing at a rapid pace and brings with it continuous opportunities and new job roles to pursue.
- It develops strong transferable skills: Modern finance roles require analytical skills, problem-solving skills, good observation and a strong intuition. A finance career path equips you in these important transferable skills which are valuable in a range of other sectors.
Types of Careers in Finance with Salaries
There are numerous finance degree jobs you can pursue after completing a course in the field. You can also focus on certain areas, such as specialising in corporate finance, financial analysis, or even branch into fintech careers. Here is a list of careers in finance that might interest you:
- General business managers
- Financial managers
- Budget analysts
- Credit analysts
- Financial analysts
- Personal financial advisors
- Loan officers
- Actuaries
- Accountants
- Business specialists
- Financial risk managers
- Insurance claims investigators
Tips for Starting a Career in the Finance
The finance industry is a relatively competitive field to enter meaning will need to put in time and effort to establish a successful financial career. Here are some useful tips on how to build a career in finance:
- Take up finance degree courses: Studying finance helps you understand key sector concepts and is the first step in learning how to get into finance. You can also pursue a diploma course or post-graduate course such as an MA or an MBA to boost your credentials and open doors to higher-level finance degree jobs.
- Look for internships in the field: Doing an internship in finance is the best way to get a real sense what the finance world is all about. Finance internships provide you with a hands-on learning experience, references and ample networking opportunities. They also help you develop a good sense of work ethics.
- Familiarise yourself with financial terms: To succeed in a field, you need to be able to speak its language. Familiarising yourself with the technical jargon used in finance and important financial terms can help you draft excellent reports and improve your business communication skills.
- Increase your certifications: Certifications from reputable institutions boost your credibility and shows that you are qualified for complex jobs. They can also significantly enhance your skill set, helping you advance in your current job or even switch careers! They are usually pursued for a shorter time which allows you to gain multiple certifications in the field.
Kickstart Your Finance Career with BSBI
If you aspire to a successful financial career, pursuing a finance course is a good place to start! Most courses usually have an industry-relevant syllabus which can help you obtain all the necessary finance skills required for the profession. Many finance courses also offer the opportunity to pursue internships or projects that give you a preview of what it is like to work within the business world.
Find out more about the MSc Finance & Investment offered by the Berlin School of Business today! With this course, you will gain advanced skills that can help you solve complex problems in the finance sector. It also provides you with an extensive knowledge of different financial structures and financial risk management tools. Whether you are targeting traditional finance degree jobs or exploring the evolving world of fintech careers, this course equips you for success.
Enrol today and take the first step toward a successful finance career!
To know more about our finance course, click here.