The finance sector is a pivotal element of a nation’s economy. Finance professionals are multitalented experts who help identify the best ways of dealing with financial issues or challenges. They help organizations keep up with departmental and overall finances while also handling the core financial operations. Besides being one of the most lucrative career options, the finance industry demands an unprecedented amount of analytical labor. Naturally, finance professionals must be competent analytical thinkers who can identify new possibilities for financial gains.
As it is one of the world’s leading financial hubs, the US finance market is tricky to permeate through due to the highly competitive industry requirements. However, the right set of skills and educational background can help you step into one of the most dynamic career opportunities in the US.
1. Investment Banking
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The job profile includes all things money and the proper participation in the market to make it grow. In simple terms, investment banking deals with advising clients on innovative financial remodeling to raise capital through different functions that include various investment opportunities, bonds, managing IPOs, assisting mergers and acquisitions, etc. The clients may range from being private corporations or the government.
Investment banking is a prestigious field enjoying an average salary of $65,234 per annum, making it an attractive career opportunity for young finance graduates. Although the post-pandemic market volatility has complicated the market behavior, investment banking continues to thrive under the fluctuating market situation.
2. Financial Analyst
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As the name suggests, financial analysts deal with company data to evaluate and deliver the most effective solutions through their strong financial modeling skills. The offered advice comes from a detailed analysis of historical trends and future projections to produce a company’s most well-rounded business decisions. Your financial analyst career may start from handling the junior analyst post that primarily involves collecting and maintaining data. Senior financial analysts further analyze this data to extract meaningful patterns and compile well-informed financial recommendations for clients.
3. Insurance Advisor
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Career opportunities as an insurance advisor entail representing insurance companies and selling insurance policies to clients. However, contrary to an insurance agent, a career as an insurance advisor goes far beyond the selling part. With thorough knowledge of the insurance market and rising trends, an insurance advisor is driven to offer sound financial advice for buying the most profitable insurance schemes, investing opportunities, and retirement plans to individuals/companies. Individuals with excellent research skills interested in taking over customer service can go for this job without a second thought.
4. Financial Advisor
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Ranking among the top 12 highest paying finance jobs by Indeed, financial advisors enjoy an elevated position amid various other options competing in its league. The career path demands that professionals are equipped with the proper financial training and skills to advise clients over varying financial decisions. Financial advisors help individuals and businesses reach their maximum profitability by winning over their financial goals in a limited time. Planning finances, managing taxes, seeking profitable investment opportunities, and projecting long-term goals for sustained growth are a few responsibilities of a financial advisor.
Typically, financial advisors have a bachelor’s degree in finance and other relevant fields like economics, business, or accounting.
5. Tax Lawyers
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Fortunately, legal entities can enjoy career opportunities in the finance sector too. With growing finances comes the need to deploy a responsible figure to head the finance-related legal matters. And who better than a tax attorney to head the job?
Tax attorneys handle the legal aspect of finances while researching the acquired client data to make well-informed decisions. From filing an error-free tax return to heading the numerous aspects of mergers and acquisitions, tax lawyers enjoy a vital role in an organization’s financial and legal proceedings. Reports also speak in favor of tax attorneys looking forward to a brighter future through the post-pandemic era.
6. Accountant
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Accountants monitor and maintain financial records, help advisors and analysts with the same to create future predictions, and continuously interact with clients to deliver better results. Essentially, accountancy deals with several finance aspects to keep a company’s finances afloat.
This high-ranking profession amid best business jobs is also said to experience a surge of 4.3% employment growth between the year 2019 to 2029, offering a bright future career option for finance graduates.
7. Actuary
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Actuaries own the right soft and technical skills to solve financial problems. With statistical data and mathematics as weapons, an actuary measures potential risk factors and uncertainty attached to financial deals. An amalgamation of excellent business skills with analytical thinking and relevant soft skills is necessary to win over this career path.
As the US Bureau of Labor statistics reflects a growth in the career option, faster than any other average financial occupation, an actuary is bound to become one of the leading professions in no time. Owning the right set of skills may lead learners to aim for a successful career in the field.
Few other career options at a glance
Willing to keep a few more finance-based career options at hand? We’ve got you covered. Here are some more high-ranking career options for finance aspirants in the US. These roles demand at least a basic bachelor’s degree to proceed further in the finance sphere:
- Loan Officer
- Budget Analyst
- Compliance Officer
- Portfolio Management
- Corporate Finance
- Management Analyst
Read also : Top Business Financing Options for Small Businesses
Read also : 7 Best Asset-Based Finance Companies To Consider