Do you have passion for solving finance related problems? Do you love to advice people? If YES, here are 50 high paying career ideas in the financial services industry. The financial industry is one that plays a vital role in the economy of a nation, and by extension the world. The industry involves the movement of excess funds from entities to entities in need for funds. The financial industry includes firms that are engaged in financially related services such as lending, investing, securities trading, insurance, and issuance of securities.
Clients in this industry range from individuals, government agencies, businesses, and nonprofit organizations; everyone benefits and uses services in this industry. Organizations within the industry are striving to be more innovative and entrepreneurial, this means that the risks are increasing and becoming more complex, with the business environment being more uncertain and volatile.
Also, there is more pressure for transparency and accountability within the industry, and only companies that are able to build upon the challenges are likely to survive and strive in this environment. Technological advancements are also ensuring that organizations become proactive and efficient, while seeking to reduce risks and costs.
Table of Content
- Why Pursue a Career in the Financial Services Industry?
- Become an Insurance broker
- Become an Insurance Adjusters, Examiners, Investigators
- Become an Insurance Underwriter
- Become an Actuarial Analyst
- Become an Insurance Risk Surveyor
- Become a Chartered Loss Adjuster
- Become an Accounting Technician
- Become a Commodity Trader
- Become a Bank Manager
- Become a Personal Banker
- Become a Quantitative Analysts
- Become a Chartered Certified Accountant
- Become a Chartered Management Accountant
- Become a Chartered Public Finance Accountant
- Become a Tax Adviser
- Become an Investment Banker
- Become a Corporate Treasurer
- Become a Credit Analyst
- Become a Certified Public Accountants (CPA) Financial Planner
- Become an Equity Analyst
- Become an Economist
- Become a Loan Officer
- Become a Mortgage Banker
- Become a Mergers and Acquisition Bankers
- Become an Investment Analyst
- Become a Management Analyst
- Become a Compliance Officer
- Become an Executive Assistant
- Become a Bill Collector
- Become a Market Research Analyst
- Become a Business Operations Manager
- Become an Administrative Assistants
- Become a Retail Cashier
- Become a Credit Counselor
- Become an Internal Auditor
- Become a Financial Adviser
- Become a Pension Scheme Manager
- Become a Trust Administrators
- Become a Pensions Consultant
- Become a Company Secretary
- Become an Operations Research Analyst
- Become a Bookkeeping, Accounting, and Auditing Clerk
- Become a Fundraiser
- Become a Web Broker
- Become a Tax Inspector
- Become a Tax Trainee
- Become a Statistician
- Become an Insurance Account Manager
- Become an Investor Relations Specialist
- Become a Logistics Analyst
- Bonus 1-: Become a Stockbroker
Why Pursue a Career in the Financial Services Industry?
The financial industry is a driver to the success of other industries in an economy, since all companies and their customers use financial services, therefore making any regulation, practice and standard in the financial industry to inadvertently affect their customers positively or negatively, thereby extending the impact to the nation.
The financial industry is diverse and dynamic, and a lot can be learned from it. Career focused individuals in this industry have to be those who know how important the industry is, and how they might fit in to help make it better. Below is a guided list of career ideas in the financial industry, the list does not seek to name all the careers in the financial industry, but to highlight a few out of many.
50 High Paying Career ideas in the Finance Industry
Become an Insurance broker
Insurance brokers are the intermediaries between a client (individuals, organizations) and insurance companies. They make use of their knowledge of risks and the insurance market to find suitable policies and arrange cover for their clients depending on their needs and budgets. There are two types of insurance brokers: the retail insurance broker who arranges insurance policies for individuals or companies such as house, motor, business disruption, and employer’s liability and deal directly with them.
The commercial insurance brokers who deal with more complex and high value insurance cover in areas like oil and gas, and aviation. Any degree graduate can be an insurance broker, but graduates with degrees in Insurance, Business Management, Accounting, Finance, Economics, or Mathematics are at a greater advantage than the others.
Become an Insurance Adjusters, Examiners, Investigators
They can also be called claim handlers or adjusters. They investigate, analyze, and determine the extent an insurance company is liable as regards personal casualty, damages or loss to properties, and attempt to effect settlement with affected claimants. They interview medical specialists, witnesses, agents, or claimants, watch videos and look at photos so as to compile information that would be used for the settlement.
They also calculate payments benefits, and ensure that payment of claims is approved within a certain monetary limit. Most adjusters work independently or for insurance companies. Insurance adjusters can work with only a high school diploma or GED, but employers usually prefer adjusters with a bachelor’s degree in an insurance related field and insurance work experience.
Become an Insurance Underwriter
They assess risks on behalf of the insurance company and decide whether those risks should be accepted or rejected. They also determine what coverage is available and the premium that is to be paid plus the other terms that would be required when accepting the risk. They also review client portfolios and then determine if it is beneficial for the insurance company to continually provide insurance coverage for the risk.
Apart from insurance companies, they also work directly with key clients, who are the brokers. To become an underwriter, one would need a degree in actuarial sciences, business administration, economics, law or commerce. Serious underwriters also go for industry recognized certifications.
Become an Actuarial Analyst
Actuarial analysts use mathematical and statistical techniques to study past events so as to be able to predict future outcomes, such as accidents, injury and death. Such kind of analysts usually work in the insurance industry, those who design investment and pension plans work in financial services, while those who worked independently help businesses lower their insurance premium by lowering the risk exposure of the business.
Aspiring actuarial analysts need a bachelor or master’s degree in statistics, math, actuarial science, finance or business. Also, actuarial analysts must be certified by either the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). The process of certification takes from 4 to 6 years.
Become an Insurance Risk Surveyor
An insurance risk surveyor determines the financial risk that can occur by offering insurance cover for personal properties, items, or sites by providing underwriters with information on the levels of risk associated with each client and offer advice on how they can be minimized. An insurance risk surveyor is also known as a risk consultant, risk control surveyors, and risk control advisers.
They usually work for insurance companies, specialist surveyors firms, or brokers. They can work in a general capacity or specialize in an area such as fire, engineering insurance, accidents and liabilities, burglary and theft, and public liability. A degree in actuarial sciences, business management, insurance, risk management, building surveying is highly necessary, plus experience in the industry as an underwriter.
Become a Chartered Loss Adjuster
This is usually an independent claims specialist that assists in the just settlement of claims, including contentious claims on behalf of insurance companies. They are sometimes referred to as commercial or domestic adjusters. They investigate the scene of an incident to determine the cause of the loss, and ascertain if it is covered by the insurance policy. To do this, they have to thoroughly understand the legal aspects of insurance policies, and also engage experts such as forensic scientists where appropriate.
After the investigation, they write reports for the insurer, assessing the validity of the claim, and also recommending appropriate payment. High school diploma or its equivalent can be used as an entry requirement especially as most loss adjusters start as claim handlers before progressing, however, a degree in business management, construction, finance, surveying, and engineering might be an advantage.
Become an Accounting Technician
Accounting technicians prepare the financial information used by professional accountants or business managers when making decisions. They undertake a wide range of accounting and financial tasks that include preparation of accounts, processing and invoice payments, preparing and checking ledger balances and monthly and yearly accounts, completing and submitting tax returns, and handling the expenses and payroll system of the company.
There is no specific entry educational requirement for those who want to become accounting technicians, but those who choose to go through vocational routes can use: The Association of Accounting Technicians (AAT) Accounting Qualification or The Association of Chartered Certified Accountants (ACCA) Certified Accounting Technician qualification (CAT).
Become a Commodity Trader
Commodity traders through the trading department of a firm buy and sell customer orders by keeping an eye on the market in relation to investment and product pricing, demands and trends. Traders typically receive purchasing and selling instructions on the phone, via the computer, or directly on the floor of a stock exchange. They also provide financial advice, and sometimes meet up with clients to plan, review, or update on an investment portfolio.
The entry educational requirement is usually based on individual employer requirements, or industry standards. A bachelor degree in Economics or Finance is usually the minimum required, though most traders are master’s and doctorate degree holders.
Become a Bank Manager
A bank manager is the head of a bank branch, and is responsible for making profit, maintaining efficiency, and serving customers, while motivating and developing the staff. A bank manager has to also work with the head office by generating and assimilating reports and information that can determine strategic issues and direct bank policy.
Apart from dealing with people, the bank manager also gets to review many business proposals, and go through balance sheets. Most bank managers work their way up – depending on the qualities they exhibit – from through the bank’s hierarchy. Also, banks run their own management training schemes, and entry educational qualifications for graduates are usually a degree in economics, accounting, or business management.
Become a Personal Banker
Personal bankers are responsible for overseeing the financial activities for personal accounts as well as perform other banking duties as may be required. They help clients manage their money, so as to balance risk and return. Personal bankers often use several marketing techniques to help build a customer-base.
They need skills such as customer service, and should also be able to explain investment options comfortably to clients. Personal bankers typically work in an office environment. The entry educational requirement depends on the entry level, upper=level positions would require a graduate degree, while entry level positions would require a bachelor’s degree in Finance, Economics or a related field.
Become a Quantitative Analysts
Quantitative analysts usually work with teams of mathematicians, physicists and engineers so as to be able to trade stock through the development of optimal systematic strategies. They also conduct research, write programs, solve problems, and perform daily statistical analysis to optimize trading strategies.
This is a highly competitive field with few job openings. Most employers prefer applicants with a Doctor of Philosophy (PhD) degree in Statistics, Math, Engineering or any other related field.
Become a Chartered Certified Accountant
A chartered certified accountant is one who is responsible for a variety of accounting services such as: financial forecasting, developing and maintaining financial and accounting systems, investigating financial irregularities, and auditing financial records. They also produce budget plans and reports.
Chartered certified accountants usually work within corporate sectors, financial services, and public practices. A chartered certified accountant is one who has passed the Association of Chartered Certified Accountants (ACCA) qualification exams and become an ACCA member.
Become a Chartered Management Accountant
A chartered management accountant assesses profitability and risks so as to make organizations make better financial decisions. They also review financial records, and ensure that an organization is working at an efficient rate and not breaking any federal laws. It doesn’t matter if they are chartered or certified, all management accountants have the same responsibility, evaluating a company’s financial information, and advising them on risk and profitability.
Also management accountants, generate reports for outside groups such as government auditors and external investors. Aspiring chartered management accountants must possess a bachelor degree in accounting, business administration, or any other related field. Certification requires at least a two year work experience in management accounting or financial management, and a 2-part qualifying examination.
Become a Chartered Public Finance Accountant
A chartered public finance accountant ensures that the operation of accounting and financial activities within the public sector organizations remain operative. They ensure this by supporting the planning and implementation of policy objectives. They also make financial decisions and advise key bodies and individuals, such as management boards and budget holders.
Most public finance accountants work for public bodies like the central and local government and publicly funded organizations. Those that work in the private sector and non-profit organizations help their organizations provide consultation services to the public.
Aspiring public finance accountants can have a degree in any field, but those with degrees in accounting, finance, business management, public administration, economics, and mathematics will be exempted from the certificate level of the Chartered Institute of Public Finance and Accountancy (CIPFA) professional qualification.
Become a Tax Adviser
Tax advisers provide advisory and consultancy services to clients, and ensure that they pay their taxes as well as benefit from any tax exemptions and advantages. They are also expected to keep up with changing tax laws, and explain any complicated legislation to clients as simple and concisely as possible.
There are two types of tax advisers: corporate tax advisers who work for business clients to ensure they are not paying more tax than they should; and personal tax advisers who provide advice to individual clients. Tax advisers are expected to have expert knowledge on the following areas; National insurance tax, corporate tax, personal tax, international and inheritance tax, trust and estates tax, and VAT.
A degree in accounting, finance, business, economics, management, law, mathematics, and statistics is what is mainly required by employers, even though graduates from any field can become tax advisers. Certified tax advisers would have to take The Chartered Institute of Taxation (CIOT) certification exams.
Become an Investment Banker
Investment bankers are majorly portfolio managers or financiers. Those working as portfolio managers buy and sell assets from the pooled money of multiple clients to earn a profit. They usually carry a research on the market trends and from the research decide on where to invest capital. They also oversee multiple investments in the portfolio so as to balance the risk of loss against potential profit.
Investment bankers working as financiers, help businesses with budgetary issues. This might include them trimming business costs by identifying areas with excessive spending, or raising money for new ventures. They usually specialize in industries like healthcare, and technology. Most employers usually prefer a master’s degree in business administration or a related field, even though the entry requirement is a bachelor degree.
Become a Corporate Treasurer
Corporate treasurers carry out an analysis and oversight of risk management, corporate accounting and finance, fiscal control and reporting, and taxation reporting. They gather information from reports, cultivate relationships with banking and financial services representatives, and also develop company financial policies and budgets as needed. They also help a business manage investments, cash holdings, corporate banking and lines of credit.
Corporate treasurers are required to have a bachelor’s degree in accounting or finance depending on the employer. Apart from extensive experience, some employers might require a corporate treasurer to hold a master’s degree or Certified Public Accountant (CPA) credentials.
Become a Credit Analyst
A credit analyst analyzes financial information and credit data of individuals or companies applying for credit or loans so as to determine the risk involved for the bank or lending institutions. The level of risk is then used to determine if the loan will be granted, and the terms of the loan including the interest rate. They then prepare reports based on their findings to help make better decisions on lending and credit worthiness.
A bachelor degree in finance, accounting, or business is the least entry educational requirement for a credit analyst. Apart from experience, some employers prefer certified credit analysts over non-certified ones.
Become a Certified Public Accountants (CPA) Financial Planner
Certified Public Accountants are usually associated with tax panning but those acting as financial planners usually offer advice in areas like retirement planning, estate planning, investments, and risk management especially since they are familiar with the financial situations of their clients, and have also established a trusted relationship, whilst understanding the tax aspects of financial planning.
A bachelor degree is the minimum that is required for a CPA license, even though a Master’s in accounting remains the better option.
Become an Equity Analyst
An equity analyst uses the analysis of public companies records and financial data to predict the financial picture of a company’s future. The job is heavily based on the use of computer programs and tools to carry out research and analysis. Most equity analysts work in financial firms or brokerages. They may also work for equity firms, private firms, and investment firms.
Even though some equity analysts transition into financial or portfolio analysts; most remain as equity analysts due to the technical and research oriented nature of their jobs. Bachelor degree in finance, business administration, accounting, or statistics is a must and most equity analysts have a Masters in Business Administration (MBA)
Become an Economist
Economists study societies and markets and how resources are distributed in order to create goods and services. They usually collect data, analyze reports, utilize modeling techniques, study forecasts, and produce reports. Economists work in a variety of entities such as investment houses, banks, government agencies, non-profit organizations, and corporate organizations. The minimum educational requirement is a master degree in economics but some employers require a Doctor of Philosophy (PhD).
Become a Loan Officer
Loan Officers evaluate, recommend and authorize approval of loans for real estate, commercial, or credit loans. They also give advice to borrowers on their financial status, and the methods of payment by obtaining and compiling their credit history, corporate financial statements, and other financial information. They also confer with underwriters to resolve mortgage applications problems. Most loan officers require good selling skills. Aspiring loan officers require a degree in economics or accounting.
Become a Mortgage Banker
Mortgage bankers walk candidates through the application process and also collect vital financial documents. Mortgage bankers determine if a prospective borrower will be able to repay the loan based on the credit history and other financial information of the client.
Mortgage bankers are also tasked with collecting money from delinquent accounts and also counseling mortgage holders on financial matters as regards their loans. The minimum educational requirement is a high school diploma and a bachelor degree in business, finance or economics for commercial mortgage bankers.
Become a Mergers and Acquisition Bankers
Mergers and acquisition bankers are individuals who provide strategic advice to corporations that want to merge with another company or a direct competitor, or acquire a company. The bankers have to use their financial skills to make sure that deals make financial and strategic sense, and be familiar with several types of transactions.
To become a merger and acquisition banker, a bachelor degree in accounting, finance, economics, or business will be required. Also licensing from the Financial Industry Regulatory Authority (FINRA) is mandatory, with other certifications being voluntary.
Become an Investment Analyst
Investment analysts provide the research and information that helps traders, stock brokers and fund managers make decisions about investments so as to ensure that the investment portfolios of their clients are well managed, and that potential investment opportunities are well highlighted.
Investment analysts work for investment management companies, stockbrokers and investment firms. Most employers prefer those with a degree in accounting, economics, mathematics, or statistics even though any degree graduate can become an investment analyst.
Become a Management Analyst
Management analysts collect and decipher data that will be used to solve the problems of an organization. They talk to a company’s executives, employees, vendors and clients so as to help determine the strengths and weakness of a business, the results is then communicated to the top echelon and used in improving the firm.
An aspiring management analyst would need at least a bachelor degree, but those with master degree are likely to move forward faster than those without. Relevant degrees are in management, finance, or business administration.
Become a Compliance Officer
A compliance officer oversees the rules and regulations within a company. They are tasked with the responsibility of ensuring that unethical and illegal activities do not take place within an organization. They also ensure that the company’s daily operations meet the standards, laws, and policies that govern their industry.
An employer determines the educational requirement for a compliance officer, especially as different industries would have different requirements specific to their industry, but regardless of the industry, a bachelor’s degree is the least requirement.
Become an Executive Assistant
Executive assistants are those with the responsibility of providing administrative support for presidents, chairpersons, chief executive officers, and other company executives. The duties of an executive assistant is not restricted to administrative tasks alone, but also coordinating meetings, training support staff, arranging travel, preparing confidential reports, and managing expenses. A bachelor’s degree and a minimum of three years experience is usually preferred by most employers.
Become a Bill Collector
Bill collectors are often responsible for locating customers and businesses with overdue or unpaid accounts, and notifying them by mail, telephone, or email. They do not only notify clients but negotiate repayment plans, as well as maintain electronic account and collection records. A high school diploma is the least education required with an on-the-job training that usually lasts for a period of 1 to 3 months.
Become a Market Research Analyst
Market research analysts are responsible for helping companies understand the activities of their rival’s activities and also the needs and wants of the customers. Their main task is to gather information for clients’ presentation, and determine the goods and services that are in demand, and the best rate the product or service should be charged. According to the Bureau of Labor Statistics (BLS), a bachelor’s degree is the standard educational requirement, even though more employers prefer a master’s degree in a relevant field.
Become a Business Operations Manager
Business operation managers organize and coordinate the activities of businesses, government agencies, and non-profit organizations. They are usually responsible for variety of tasks from human resources, accounts payable, budgetary information, and financial data interpretation.
Employers usually require a bachelor degree in business administration, management or accounting, with some requiring a master’s in finance, or masters in business administration. Certifications for this job are usually voluntary.
Become an Administrative Assistants
Administrative assistants provide office support to managers, executives, and other professionals by performing clerical duties. Administrative assistants also manage and distribute information within an office, which includes taking memos, maintaining files, and answering phones. Depending on the offices, administrative assistants might be charged with monitoring and recording expenditures. The least educational requirement is a high school diploma, and most trainings are usually done on the job.
Become a Retail Cashier
A retail cashier is an individual who is the point of contact for customers. He or she is responsible for recording prices, and operating an error-free cash register. They also collect payment by accepting check, cash, or charging payments from customers. They maintain checkout operations by following policies and rules and reporting needed changes. There is no required education to become a retail cashier; some employers might prefer a high school diploma.
Become a Credit Counselor
A credit counselor advises consumers or clients on their financial state, and helps them formulate a plan that will reduce the debt and build assets. They might also help the client further by negotiating with creditors to make arrangements that will be beneficial for all parties involved. This means that due to their intercession, a creditor might offer better terms to a delinquent customer.
Most credit counselors work for agencies or banks, while others are freelancers. A credit counselor must have knowledge of state and federal laws especially as regarding lending, banking practices, and personal finance. Employers generally look for those with a bachelor degree in business or economics and a few years experience.
Become an Internal Auditor
Internal auditors monitor and evaluate how well risks are managed within an organization, and also how well the business and internal processes is governed or working. Apart from that major task, they provide a consulting service and advise management on how their systems and processes can be improved. The role of an internal auditor is varied and any degree graduate could work as one, but most employers prefer those with a degree in accounting, economics, finance, or information technology.
Become a Financial Adviser
Financial advisers provide specialist advices to clients on how to manage their money. They are known as wealth managers or financial planners. They research the marketplace, and recommend appropriate products and available services for clients and ensure that they understand the products that would best meet their needs before securing a sale.
The products could be a mortgage, or an employee pension scheme. There are two kinds of financial advisers: Independent advisers, who provide clients with unrestricted and unbiased advice, and restricted advisers, who offer only limited advice. A degree in accounting, business management or finance is necessary but not compulsory.
Become a Pension Scheme Manager
Pension scheme managers ensure that pension schemes are operated effectively and sustainability. They are also charged with overseeing day-to-day management of pension funds. The schemes may be coordinated by a company, an insurance company, a benefits consultancy, or a public sector pension’s provider. A degree in business, economics, finance, law, or mathematics is relevant but not necessary.
Become a Trust Administrators
Trust officers have to ensure that all accounts meet federal and local banking requirements, regulations, and laws. They make sure that taxes are filed correctly, tax payments are made, and all disbursements to recipients are reported to the Internal Revenue Service (IRS).
They are also responsible for closing and opening accounts, and ensuring that the accounts are set up properly and according to bank policies, and local and federal regulations. Financial institutions require that trust officers have a bachelor’s degree in business, accounting or a related field. Senior level trust officers require an MBA.
Become a Pensions Consultant
Pension consultants review an organization’s pension provision for staff members, and recommend a range of options for consideration. On behalf of companies, they also set up and run occupational pension schemes. Most pension consultants, work for benefits consultancies, specialist pensions, and financial services companies, and life assurance companies.
This area of work is open to all graduates but employers prefer graduates with a degree in business, finance, economics, law, and mathematics.
Become a Company Secretary
A company secretary ensures that an organization complies with standard financial and legal practice and also maintain high standard of corporate governance. They provide the link between a company’s board of directors and the executive management, and communicate to the stakeholders on behalf of the board of directors, company procedures and developments.
Although, company secretaries cannot give legal advice, they still need a thorough understanding of the laws that affects a company’s area of work. Employers prefer graduates with a degree in accounting, finance, business, management, or law. Also professional certificates like the Institute of Chartered Secretaries and Administrators (ICSA) are really essential for public limited secretaries.
Become an Operations Research Analyst
They use their quantitative reasoning skills and ability to critically think, solve problems and proffer solutions. Operations research analysts are used by companies to improve on their business practices, such as studying the effectiveness of cost, product distribution, labor requirement, and other day-to-day factors involved in operations. Bachelor degree in operations research, management science, computer science, mathematics, or any related field is the standard requirement, even as employers prefer those with a master degree.
Become a Bookkeeping, Accounting, and Auditing Clerk
Bookkeeping, accounting, and auditing clerks are tasked with computing, classifying, and recording numerical data so as to keep financial records complete. They are also responsible for performing routine calculations, posting and verification of duties so as to obtain primary financial data that is used in maintaining accounting records. Training is a better alternative than an education for bookkeeping, accounting, and auditing clerk. Obtaining a certification plus work experience is the best bet for any aspirant.
Become a Fundraiser
Fundraisers research prospective donors, and conduct fundraising strategies for an organization. They are tasked with organizing events and campaigns to raise money and donations for an organization. In order to achieve this, they might design promotional materials so as to increase awareness of an organization’s financial needs or goals.
There are different kinds of fundraisers: major gifts fundraisers, direct-mailing fundraisers, planned-giving fundraisers. Capital campaign fundraisers, annual campaign fundraisers, and event fundraisers. A bachelor degree in business, journalism, public relations, communications, and English is strongly required.
Become a Web Broker
A stock broker that works online for an internet-based stock trading company is referred to as a web broker. Their responsibility is in advising customers on the stocks to buy and sell in their portfolios which are usually available online for viewing, and also conduct transactions on behalf of their clients. A web broker spends most of their time on the phone or the computer, in the purchase and sales of stocks for clients.
For entry level positions, a bachelor degree in business, finance, accounting, or economics is recommended; while high level jobs require an MBA. Also, in order to represent a firm, a web broker has to be licensed with the Financial Industry Regulatory Authority (FINRA).
Become a Tax Inspector
Tax inspectors detect and investigate tax evasion, and when there are disputed cases, represent the HM Revenue and Customs at independent appeal tribunals. They ensure that individuals and organizations pay the correct amount of tax as at when due by investigating their tax returns.
They also offer advice and information to individuals and businesses on a range of tax and its related issues. In the united kingdom, the minimum educational entry is a 2:2 honors degree in any subject if applying as an external candidate; internal candidates have to demonstrate the required competencies. The application process is in 3 stages.
Become a Tax Trainee
A tax trainee works with experienced tax professionals who help clients plan their tax and comply with regulatory and statutory rules, so as to learn the procedures needed to start off a tax career. Most tax trainees are apprenticeship roles, and they usually are given basic duties such as entering client information into a tax preparation software program.
A tax trainee is usually tasked with understanding businesses whilst gaining the necessary skills needed. Most tax trainees are usually by law or accounting firms; and first train as chartered certified accountants, chartered accountants or solicitors handling regular placements before deciding on the field to specialize in.
Become a Statistician
Statisticians apply the use of statistical methods to collect and analyze data that will help in solving real life problems that might occur in business, and in other fields. They also design questionnaires, surveys, opinion polls, and experiments into collecting the data that they would need. Computers with specialized statistical software are used to analyze their data.
The findings are then analyzed and discussed. Statisticians can work anywhere, from private organizations to public firms, from healthcare to research and development, from education to marketing. A master’s degree in statistics, mathematics or survey methodology is standard, although entry=level statistician would require a bachelor’s degree, while statisticians in research and academic jobs would require a PhD.
Become an Insurance Account Manager
The promotion of a company’s insurance products to those who would be selling them (brokers and independent financial advisers) is usually a task for the insurance account manager. An insurance account manager usually specializes in one area of insurance such as life assurance, corporate insurance, and re-insurance. Insurance account managers usually focus on commercial insurance, and they work to sales target.
Entry without a degree is possible, although that would be in an administrative or support capacity. Any degree is likely to be accepted but degrees in business, management, economics, marketing, statistics, or mathematics stand a higher chance of being accepted.
Become an Investor Relations Specialist
The investor relations specialist verifies the eligibility of investors and ensures that they are compliant with anti-money laundering requirements, and maintain partnership register for funds administered. They also process investor-related transactions such as capital calls and distributions.
They are also responsible for handling all communications with investors, from statements, to periodic performance releases. A bachelor degree in accounting, finance or economics is required by most employers, with experience in financial services with particular exposure to accounting and performance reporting.
Become a Logistics Analyst
They are responsible for defining, analyzing, and solving a company’s most complex theoretical problems by using statistical analyses and strategies. Logistics analysts usually work with companies in order to streamline product manufacturing, transportation, storage and distribution.
Since they are a vital part of the company, a bachelor degree in business administration, management information systems (MIS), logistics, and accounting is usually the least entry requirement, with many employers preferring a graduate degree. Logistics analysts, especially those working in the global market need an understanding of contracts, international trade and tariffs.
Bonus 1-: Become a Stockbroker
The profession of a stockbroker is one that requires the practitioner to pass a licensed examination before he could be certified to practice in many countries of the world, especially in countries like United States of America, United Kingdom, Canada and Australia. After you have been certified and licensed to practice as a professional stockbroker, you can invest and stand on your own with your capital or seek employment opportunity in some reputable stock market firm.
The finance industry is a challenging environment that requires highly skilled and analytic individuals. It is an industry which encompasses a broad range of businesses that carry out monetary analysis and manage money, and clients. The above list should serve as a guide to more research into this industry for serious career minded individuals.
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