Types of Jobs, Roles & Responsibilities available in Finance Sector
Below are the list of Jobs for Financial Management Graduates
Here are 10 Finance Job Roles & Responsibilities
Investment bankers are like the middlemen of the finance world. They help companies and governments raise money by selling stocks and bonds, and they also give advice on things like mergers and acquisitions.
Asset managers are kind of like personal trainers for money. They help people and organizations make smart investments by choosing the right stocks, bonds, and other financial products.
Financial analysts are like detectives for the finance world. They dig through financial statements and other data to figure out how well a company is doing and whether it's a good investment.
Financial planners are like life coaches for your money. They help people set financial goals, create budgets, and figure out the best way to save and invest for the future.
Commercial bankers are like the finance version of customer service reps. They work with businesses to provide loans and other financial services.
Private equity firms are like venture capitalists for big, established companies. They invest money in these companies and try to help them grow and become more profitable.
Hedge fund managers are like gamblers, but with other people's money. They use a range of strategies to try and make a profit, including buying and selling securities.
Insurance professionals help protect people and businesses from financial disasters by selling insurance policies.
Real estate finance professionals help people and businesses finance the purchase or development of real estate properties.
Risk management professionals help businesses identify and reduce the financial risks they face, like the risk of not being able to pay back a loan or the risk of losing money on an investment.
These are a few jobs easily available with a Degree in Finance
Finance Job Roles & their Salaries
It's difficult to rank these finance jobs from highest paid to lowest paid, as salary can vary widely depending on factors such as the specific employer, the employee's level of education and experience, and the location of the job. However, here is a rough estimate of the median salaries for some of these finance jobs, according to data from the U.S. Bureau of Labor Statistics:
Investment banker: $98,819 per year
Hedge fund manager: $96,045 per year
Financial planner: $89,160 per year
Asset manager: $87,850 per year
Financial analyst: $85,660 per year
Commercial banker: $70,590 per year
Insurance professional: $67,680 per year
Risk management professional: $66,990 per year
Real estate finance professional: $66,810 per year
Private equity professional: $65,520 per year
Please note that these estimates are just rough averages and should not be taken as definitive. Salaries can vary widely depending on the specific employer, the employee's level of education and experience, and the location of the job.
How to start a career in Finance with No Experience?
If you're interested in starting a career in finance but have no experience, here are a few steps you can take to get started:
Educate yourself: A strong foundation in finance is important for any career in the field. Consider taking finance-related courses or earning a degree in a finance-related field, such as business, economics, or accounting.
Build your skills: In addition to education, there are certain skills that are essential for a career in finance. These include analytical skills, problem-solving skills, and communication skills. Consider taking courses or workshops to develop these skills, or seek out opportunities to practice them through internships or part-time jobs.
Network: Building a network of contacts in the finance industry can be a valuable asset as you start your career. Attend industry events, join professional associations, and reach out to finance professionals in your area to introduce yourself and make connections.
Get an internship: Internships are a great way to gain practical experience and make connections in the finance industry. Many finance firms offer internships to give students and recent graduates a chance to learn about the industry and gain valuable experience.
Be persistent: Finding a job in finance can be competitive, especially if you have no experience. Keep applying for jobs and networking, and be open to entry-level positions or internships as a way to get your foot in the door. With dedication and hard work, you can eventually build a successful career in finance.
Are there jobs in Finance Sector for Freshers?
Yes, there are many jobs in the finance sector that are suitable for freshers, or individuals who are just starting their careers. Here are a few examples of entry-level finance jobs that may be suitable for freshers:
Financial analyst: Financial analysts provide recommendations to businesses and investors by analyzing financial statements and other data to assess the performance and risk of a company or investment.
Investment banking analyst: Investment banking analysts work with investment bankers to help companies and governments raise capital by underwriting and issuing securities, and by providing financial advice on mergers and acquisitions.
Financial planner: Financial planners help individuals and families plan for their financial futures, including setting financial goals, creating budgets, and recommending investment and insurance products.
Commercial banker: Commercial bankers provide financial services to businesses, including loans, lines of credit, and other financing options.
Accountant: Accountants prepare and analyze financial records to ensure that a company's financial statements are accurate and in compliance with relevant laws and regulations.
Credit analyst: Credit analysts assess the creditworthiness of individuals and businesses seeking loans, and provide recommendations to lenders on whether to approve or deny credit.
Insurance underwriter: Insurance underwriters evaluate insurance applications and determine whether to offer coverage, and at what price.
Financial services representative: Financial services representatives work with customers to sell financial products and services, such as stocks, mutual funds, and insurance policies.
These are just a few examples of entry-level finance jobs that may be suitable for freshers. There are many other finance jobs that may also be suitable for individuals who are just starting their careers.