Information on Corporate Finance Careers

Corporate finance careers can be very challenging work, just like all finance jobs can be. You will have many responsibilities to the organization you work for. The company might be local or international that wants to get in the global market. There are some benefits in this type of career.

The income you can make can be a substantial amount. There usually are many opportunities for travel. If you like to work as a team with people then this is a benefit as well. There can be joyfulness for solving financial issues that are important and relevant.

Responsibilities For Corporation Finance Careers

Some of the responsibilities might include putting acquisitions together, get the funds needed to expand and support operations of business, manage the resources of cash, and helping to be sure there is economic stability for the future. There are also many options for you to choose from in this career.

Treasurer, credit manager, financial analysts, cash management, real estate officer, benefits officer, controller or an investor relations officer. These are just some of the opportunities, so you can see there is a wide variety.

Thoughts To Consider

Some of the things you might want to consider before pursuing this career is if you are proficient in certain aspects. You will need to be able to handle change well, and be an excellent communicator. You should be able to be a leader, do stuff without having to be told. A great plus is if you can speak different languages.

There are many companies that have business internationally. Definitely be a people person. You need to have excellent people skills. Building up relationships on all levels can be your key to success. Having the understanding in the techniques and models of risk management. Be dependable and you perform at your highest. You should also be good at negotiating.

You should bring with you a perspective that is fresh and think strategically. Understand the value of the shareholders. You will be part of a team that connects the company to investors. This is just to give you a small idea of what a career in corporate finance involves. There is more information on the internet that you can research and decide if this is a right career move for you.

Introduction to Finance Careers

Finance can simply be defined as “assets and liability management”. It is a vast field that deals with various aspects of deals or transactions involving money. It’s not a new field as it has been around for thousands of years, since the time man started trading; earlier it was the barter system or goods in exchange of goods and then came the monetary system. However, the fundamentals of this field have remained more or less the same even though it has evolved over the ages. We have complex financial structures both in micro and macro levels and so there are a lot of opportunities for people who want to get into finance careers after school.

For being a part of finance careers, one would require a degree that equips graduates with the knowledge and necessary tools to build a successful career in the financial industry. Training programs tend to focus on building a comprehensive understanding of managing finances, laws associated with it, interpersonal skills and professional knowledge of the subject.

A degree in finance would prepare an individual to manage, analyze and plan different financial or monetary aspects related to performance of any organization; these organizations could be in the field of IT, banking, real estate, manufacturing and consulting services etc. This course makes an effort to educate people in accounting principles, financial instruments, planning of capital funds acquisition, asset or debt management, budgeting, analyzing financials and investments in addition to portfolio management.

The courses at the undergraduate or graduate level generally cover areas such as finance, statistics, economics, economic policy and accounting procedures, analysis, financial companies and budgeting methods.

Graduates with a bachelor’s degree in finance are eligible for a wide range of finance-related careers in private businesses, public bodies and non-profit organizations. Most people in this industry work in areas such as commercial banks, corporations and MNCs, investment banking, money management, insurance and real estate.

Tasks or activities associated with this profession:

1) Designing and operating policies and procedures of organizations.

2) Taking decisions on the operational capital of the company, ensuring that each of its departments have the financial means necessary for it to function properly.

3) Analyzing new business opportunities and their financial feasibility.

4) Managing the process of obtaining capital for new ventures.

Thus finance careers can be both challenging and fulfilling and many people find it as a lucrative option. It could also be the key to economic stability as professionals in this field are paid well.

A College Degree Is The Starting Point Of Your Finance Career

If you want a career in financing, you have to get a college degree. To be more specific, you have to graduate with a bachelor’s degree in math, business, statistics or economics since you will be dealing with numbers and using these skills to make decisions and recommendations.

One study shows that there are currently 230,000 financial analysts and financial advisors in the US. You might think that there is no more vacancy in the market but there are because new businesses are established while old ones are still growing.

With a college degree, one thing you can try is financial consulting. Here, you are tasked on providing advice to business valuation, economic forecasts and analysis, treasury management, strategies for creating shareholder value and securities pricing.

Later on, you may be promoted to finance manager and instead of providing advice to clients, you will have the opportunity to invest their money in order to make a profit. Those who do well here earn somewhere around $73,000 to $145,000 annually and with the amount of money that is given, you better deliver.

Another field is corporate financing in which your job is to manage the client’s assets and if the opportunity presents itself, make acquisitions.

Those who want to serve their country may issue securities, enforce the law, manage assets and offer financial advice to people.

Similar to the finance manager are the money managers because they hold stocks and bonds for clients and at the same time buy stuff off Wall Street. For this job, you need to be proficient in various technologies as well as the latest qualitative methodologies. You will also need to be CFA certified.

Working for an insurance company is also a viable option. Here, you help prepare clients deal with catastrophes before they happen. It is a trillion dollar industry that is still growing so you can still get in the game.

Among the various opportunities, many find their way to commercial banking. You could be a bank manager, teller, the one in charge of approving loans or looking for new accounts. This accounts for the majority of those employed in the financial services industry.

In any of the positions mentioned, you must be good with numbers and have excellent interpersonal skills. Why? Because you are dealing with people and if the client doesn’t like your personality, chances are they will bring their business elsewhere.

After working for a few years, you can work for another company or be daring and start up your own company.

Aside from banking, the real estate industry is also looking out for finance graduates. This is because their training is useful when it comes to property management, real estate appraisal, brokerage and leasing, construction and real estate development. On one end, they sell property while on the other find ways to make it possible for the customer to invest depending on their budget.

A college degree is the starting point of your finance career because no company out there will hire someone who just graduated from secondary school or does not have the proper training when you are dealing with other people’s money. So, if you are still considering what to take up in college or lost in your current course, shift over because this is very rewarding.