Career Pathways in Financial Services
The financial services industry is an extremely vast and dynamic sector that offers a wide range of career opportunities for those who are interested in pursuing a career in finance specifically. There are numerous career paths within financial services that can lead to a very satisfying and rewarding career, whether your interests are in accounting, investment banking, or risk management.
Accounting is amongst some of the more popular career paths in financial services. Accountants are responsible for managing financial records, preparing financial statements, and ensuring compliance with tax laws and regulations. In order to become an accountant, a bachelor’s degree in accounting or a related field is typically required, along with a certification as a Certified Public Accountant (CPA).
Investment banking is another popular career choice chosen by many. Investment bankers are pivotal in helping companies raise capital by underwriting and issuing securities such as stocks and bonds. If you are looking at becoming an investment banker, you will most likely need a bachelor’s degree in finance, economics, or a related field. You should have strong analytical skills as well as be able to work extremely well under pressure.
Another important career pathway chosen in financial services is risk management. Risk managers are responsible for identifying and managing financial risks, such as credit risk, market risk, and operational risk. If this is the path you are wanting to take, you will typically need a bachelor’s degree in finance, economics, or a related field, as well as certification in risk management.
Asset management professionals assist their clients in building their wealth and attaining their financial goals through analysing, selecting, acquiring, and disposing of assets, such as bonds, stocks, and commodities to optimise returns. Asset managers also assist their clients in managing risks by spreading their investments and keeping a close eye on market trends to modify their investment tactics as required.
Other Career Paths
Some of the other well-known career pathways chosen within financial services include financial planning, wealth management, and insurance to name a few. Financial planners are trained to help individuals and families develop a structured financial plan to ensure that they reach their set financial goals, while wealth managers assist high-net-worth individuals and families to manage their assets. Insurance professionals assist individuals and businesses in managing their risks by providing insurance coverage for various types of risks.
As you can see, the financial services industry offers a diverse range of career opportunities for those interested in pursuing a career in finance.
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