Professional Career that Finance Students can Choose
While through half of your graduation or post-graduation in Banking & Finance, you were told otherwise, as banker you do more than prepare spreadsheets for your organization.
Back in 70s the scope for finance students was limited to only becoming stock brokers or insurance agents. They had their paths set, while today, financial service sector allows you to become a financial planner, investment analyst, accountants, and much more.
The industry has become a lucrative choice as the realms of banking, insurance and investment, financial services have expanded. Competition in each sector of economy has helped students secure a chance of becoming a part of major industries and multinational firms.
Financial sector has even become the backbone of countries such as UK, USA, and Canada. Majorly those who study abroad in UK as international students, have a fair chance of contributing significantly to the economy of UK.
Here are some of the finest careers offered to graduates from banking & finance backgrounds –
1) Financial Planner
Financial planner is the architect of your business. Like an architect, a financial planner dives into the financial data, discover the weak areas within the structure and functioning, vouch for substantial changes. He/She, in other words, aim to make the fiscal foundation of an organization much stronger.
They are rich in aptitude, research, serious thinking, and interaction skills, for which they are highly regarded.
To claim a job in financial planning, one can look for in banks, pension management companies, insurance firms, and other such securities organizations. As a prerequisite, one must have an educational qualification in business, finance, statistics, or accounting, or in some cases be an MBA degree holder.
2) Investment Banker
The popular case of finance sector, investment banker, is considered to one of the toughest profession since it is one of the most thought-provoking and satisfying career for business graduates.
Through time and tide, their knowledge is tested. They are known to make investment decisions for a company that involves going through financial statements, preparing reports, proposing suitable amendments, forming financial business models, researching about market trends and various approaches, gathering workforce for financial meetings, to name a few. Yes! That’s what makes the job tough.
To become one, you must at least a bachelor’s degree in finance, accounting, business, or economics from top universities in UK, USA, Canada, or Australia. Also, having proficiency in problem-solving, quantitative and analytical skills, a strong work ethic will be highly regarded.
3) Relationship Manager
How much do you love talking to new people? Do you enjoy seeing fresh faces and building new relationships? A relationship manager or a broker, as they say, does this exactly! Agents of this category are the heart of financial sector. Their job determines the success of a firm, as a whole.
Though the tasks of a relationship manager includes attracting new investors to the company, encouraging the interactions with the current ones and persuading previous investors to come back. They must be good at sales activities and know their business by heart to become successful. Also, strong interpersonal skills boost up the confidence and help in persuasion for complex ideas that require huge investments and much coaxing efforts.
4) Claims Adjuster
What is not there in the Key Responsibility Areas of a relationship manager, is there in that of a claim adjuster. They are equally important to a firm since they maintain the worthiness of an organization. She/he assesses the accuracy of the claims registered, examine the claim personally, and make appropriate arrangements. To deny or approve, a claim adjuster hast to prepare a report.
Do you have great communication skills, an eye of Sherlock Holmes, vast knowledge of the fields an organization has to deal with? Choose to become a Claim Adjuster!
An eye for detail, good communication and negotiation skills, multitasking abilities, and an extensive knowledge of the field are assets to this role. Though a degree in business, accounting, math, or statistics may ease transition into the industry, graduates from different academic backgrounds possessing the necessary skills and traits have also experienced success as claims adjusters.