Banking and Finance Careers

Banking and Finance CareersWe all use math daily. While many of us just usethe basics to keep track of how much money we gaveand the change we should get, those who want topurse banking and finance careers do more thanthat to keep their clients happy.People who work in banking and finance are paidwell for the work that they do. Four of the fieldsthat many professionals get into includeaccountancy and tax, Insurance, investmentbanking and retail banking. Let 抯 talk about

each of these.For people to work in accountancy and tax, youneed to graduate and get your CPA or certifiedpublic accountancy license. To learn more aboutwhat you will be doing, many have to complete anon the job training with a legitimate accountancyfirm.The training period is about three years andafterwards, you can continue on staying with them,working for another firm or going into privatepractice.Insurers just like accountants need to belicensed. This varies from state to state so youhave to study and then pass the exam. Once you doso, your career may get you to sell property orcasually insurance and life or health insurance.You should also take further classes in the futurebecause although you have your license already,

rules change and you have to be aware of them.Perhaps the biggest challenge selling insuranceis deciding whether to work for an insurancecompany or doing this on your own. There areadvantages and disadvantages doing both. When youare employed, you get a basic salary while thosewho decide to work for themselves can only makemoney earning commissions when a sale is made.How well you do is entirely up to you.Investment banking is different from regularbanking because you are there to raise capital fora company by issuing shares or bonds. Later on,you may even work with a team that advisescompanies regarding mergers and acquisitions.Also under investment banking is capital markets.Here, the professional is tasked with tradingbonds stocks and other financial products toincrease the portfolio of the client.

But before you get into that, most entry levelspersonnel start out doing research first aboutcertain companies and who are their competitors.Their information is then passed on to the accountmanagers who will then advice the client.Lastly is retail banking which many of us areaware of because these are the people we meet inthe bank from the teller to the bank manager whenwe need to deposit or withdraw cash and apply fora loan.Unlike accountancy or insurance, you don 抰 needto get a license to do this kind of work. You justhave to be customer oriented with stronginterpersonal and communication skills since youwill be dealing with people.Tax and accountancy, insurance, investmentbanking and retail banking are the four basictypes of jobs for anyone that wants to pursue abanking and finance career after graduation from

college. Career progression in any of them isexcellent and this can only happen withadditional training and at times a license.This can be achieved by part time study so all youhave to do now is weigh your options and then gofor it.