Despite the negative publicity surrounding financial institutions in recent years, a career in finance can still offer a rewarding and stimulating journey. From becoming a mortgage advisor and managing your own work, or guiding the trading floor at an international bank, the job options are countless. Regardless of whether you desire a stable office job or a career encompassing travelling and chances for advancement, you should consider exploring the financial services industry.
What makes a career in finance appealing?
Attractive remuneration: The financial sector frequently tops lists of the highest paying industries. It also boasts the highest earnings for self-employed individuals, with their salaries surpassing the UK’s average income.
Global opportunities: With finance being a global sector, a myriad of exciting and unique career experiences await. Especially at large financial institutions, there are numerous possibilities for travel, or even working and living in foreign countries.
Promising career progression: Monetary firms often provide the potential for prompt advancement through the ranks, as long as you’re diligent and able to adapt to the environment.
Versatility: Larger firms offer the chance to switch roles and experience different aspects of the business, adding more flexibility compared to other companies where you might remain in the same role for extended periods.
Dynamic environment: The fast-paced, ever-changing nature of the financial world ensures there’s no room for monotony. Market fluctuations and the constant innovation of financial firms with new products and IT solutions keep the sector bustling.
What jobs are available in finance?
The finance sector is teeming with diverse roles. Here are a few jobs that can be done from home:
Flexible corporate financial roles: Jobs such as accountants, financial analysts, and software programmers can often be done from home or require only limited office time. With prior experience at a larger financial institute, establishing one’s own business could be within your grasp.
Day trading: While not offering a fixed salary, successful day traders can earn significantly. To achieve this, one must execute numerous short-term trades and have real-time market information.
Financial writing: This can be done from home without needing any specialized software. With the surge in financial information and commentary, proficient financial writers are highly sought after.
Independent financial advisors: These professionals can specialize in an array of finance areas like small businesses, tax, mortgages, and more. This role offers flexibility to meet clients’ needs and allows working from home without requiring an office.
What qualifications do I need for a finance career?
A college degree is usually expected for more advanced roles in financial institutions. However, the degree’s subject isn’t as important as having a sharp business acumen and demonstrable skills. Remember, financial institutions require a variety of employees, including those skilled in human resources, public relations, law, compliance, administration, and IT.
Training as a financial advisor allows self-employment. Study arrangements for such qualifications can often be flexible, allowing you to retrain while maintaining your current job.
If your academic background is unimpressive, don’t lose hope. Many of the most successful personalities in finance started from the bottom and climbed to the top.
