Which is the most interesting financial career

How to start a career in finance

Since finance is an integral part of any industry, acquiring a basic financial knowledge can vastly improve your career prospects no matter what sector you are interested in. Here are a few reasons why you should take a course that will teach you this financial literacy.

  • It's a universal area: Finance is an important part of any department. Every company must keep records of its cash flow and financial investments, as well as other financial activities. With appropriate financial knowledge and relevant work experience, you can specialize in any sector from healthcare to construction.
  • It's a great domain for beginners: Many of the starting positions in this field do not require any special skills, it is a good choice for beginners to build their careers. If you are looking for a lucrative career, work experience in finance can make you an attractive candidate.

  • The industry is constantly evolving:With the addition of newer areas in this area, traditional banking has now also embraced fin-tech products like decryption of financial statements and cryptocurrencies. The industry is changing at a rapid pace, constantly bringing new opportunities and new tasks with it.

  • It develops strong transferable skills: Modern finance roles require analytical skills, problem-solving skills, good observation, and strong intuition. A career in finance trains you in these important transferable skills that are valuable in a number of other sectors as well.

  • It is used in all areas of daily life: Finance isn't just about creating spreadsheets for your business; the knowledge you gain at work can also help you make sound financial decisions and invest in your personal life.

What is the scope of a financial career?

There are numerous finance job titles that you can pursue after completing an education in the field. You can also focus on specific areas, such as specializing in corporate finance or financial accounting. Here is a list of finance professions that may interest you:

- General business leaders

- Chief Financial Officer

- budget analysts

- credit analysts

- financial analysts

- Personal financial advisor

- Loan officer

- actuaries

- Auditors

- Economists

- Financial risk managers

- Insurance Claims Investigators

Tips for starting a career in finance

The financial industry is a relatively competitive field, which means, to enter, it will take time and effort to build a successful financial career. Here are some useful tips that can help you kick off your finance career:

  1. Take up degrees in finance: This will give you useful insights into the field of work before you get into it. Studying finance can help you understand key concepts in the sector so you can thrive in your career. You can also take a graduate or postgraduate degree such as an MA or MBA to stand out from the crowd in the job market.

  2. Look for internships in this area:An internship in the financial world is the best way to get a real feel for what the financial world is all about. Financial internships provide you with hands-on learning, references, and ample networking opportunities. They will also help you develop a good sense of work ethics.

  3. Familiarize yourself with financial terms:To be successful in an area, you need to speak its language. Familiarizing yourself with finance jargon and key financial terms can help you produce excellent reports and improve your business communication skills.

  4. Increase your certifications: Certifications from reputable institutions increase your credibility and show that you are qualified for complex tasks. They can also greatly improve your skills and help you move forward in your current job or even make a career change! They are usually sought for a shorter period of time, which allows you to achieve multiple certifications in this area.

If you are aiming for a successful financial career, a finance course is a great place to start! Most courses usually have an industry-relevant curriculum that can help you acquire all of the financial skills required for the profession. Many finance courses also offer the opportunity to complete internships or projects that give you a taste of what it's like to work in the business world.

Find out today about the Master of Arts (MA) in Finance and Investments offered by the Berlin School of Business! With this degree, you will acquire advanced skills that can help you solve complex problems in finance. It also provides you with extensive knowledge of various financial structures and financial risk management instruments. Sign up for the course to get your financial career off the ground. To learn more about the course, click here.

This article was written by Sweha Hazari and edited by Amelia Hayward-Cole.