CAREER IN FINANCE

As education systems are diversifying and expanding, the creation of new jobs and opportunities are changing the way individuals make their career choices. With such changes in place, career planning has become more complex and confusing.

Where formal sources of career guidance are not easily accessible, individuals tend to rely on their family and friends, leading to choices where they end up in careers they do not see a successful future in. Unfortunately, a lot of students lack self-awareness and many times choose a career that doesn’t match their capabilities. Students might choose a college or career that is chosen by most of the people around, but it is not certain that it will be the best choice for them.

The finance sector is one of the most-forward industries in the world. It’s an industry that is undergoing constant change and growth. Thanks to the introduction of new markets, new laws and legislation, new technology, and a more globalised finance market, the industry is moving into a newer, more exciting direction.Thanks to these exciting changes, finance jobs require more technical skills and the hunt for these dynamic & tech-savvy candidates is bigger than ever before.  The Indian economy has witnessed an extensive transformation over the past few years. There has been a significant progression in the areas of digital payments, E-Commerce, net banking, etc. Not only is the financial sector taking exciting twists and turns with the digitalisation, but, various other sectors have showcased improvements. Taking the education sector into consideration, the demand for courses in accounting and finance has also increased with the changing trends. There are different factors that a student considers before joining for finance courses. One of those is the benefits that the professional qualification brings to a student. Let’s see the key benefits of undergoing professional qualification in Finance and Accounting

Endless Job Opportunities: 

One of the perks a student enjoys after getting a finance professional qualification like CMA USA & ACCA is that they are open to an extensive number of opportunities. Accountants and finance professionals are a need for every organization. Thus, the requirement for finance qualified candidates never sees a decline.

Open for any Industry: 

Irrespective of the sector or industry, finance professionals as CMA USA & ACCA, enjoy the privilege of exposure to any industry they wish to work in. Students get the opportunity to work in different industries and then, identify the best path for their career.

Opportunities for Career growth

Firms like KPMG and PWC are few of those that hire CMA& ACCA students from a finance background. Affiliates have a chance of getting hired in these prestigious companies and get structured training as well as get clear career growth.

Acquisition of Skills from the finance qualification:

The Finance and Accounting qualifications as CMA & ACCA not only provides an understanding of accounting practices, principles, finance, and industry but, offers  a blend of knowledge and skill sets which can make you ready for any industry. There are a set of specific skills that the degree delivers throughout the entire duration of the course. Below are skills attained by the students to mention a few:  

  • Numerical Skills
  • Strong aptitude skills
  • Communication Skills
  • Understanding of International Finance
  • Commercial Awareness
  • Negotiation and Convincing Skills
  • Critical Thinking Skills
  • Digital Skills
  • Collaborative Skills

Industry ready at course completion

The principal advantage that ACCA & CMA professionals possesses is that they become industry ready and can join any organization right after the completion of their course. The recruiters lay a considerable focus on the financial understanding of the students followed with the skills mentioned above during the time of placement process.

WHY A CAREER IN FINANCE ?

You can never go wrong when you pursue a career in finance. There are jobs that are readily available in diverse roles. You just have to be passionate about a sub-sector since the industry is huge. You will industry-specific skills if you’re looking for looking for an exact role.

1. Finance jobs are well paid and in-demand

Careers in financial services pay a great deal more than most other fields, with some of the highest paying entry-level positions. On top of that, if you work hard early on, you can very quickly make huge strides forward in your career and experience a generous increase in pay.

In today’s world and economy, everybody depends on financial strategies and principles. From small start-ups to large corporations, from corner shops to international supermarket chains, from law firms to insurance companies — they all need Finance and are willing to pay top-dollar for experts in this field.

2. A balanced lifestyle

Many jobs in the financial sector allow for a fairly balanced lifestyle between work and a personal life, especially for those who are independently employed and can choose their schedule. Understanding Finance, money, and investments is one thing, But applying this knowledge, taking risks, being willing to make mistakes, lose money, and start all over again – these make the difference between success and failure when it comes to personal finances.

As a Finance student, you will explore all sorts of contents and principles that will help you to:

  • Understand that money have a way of making every decision emotional
  • Understand the difference between assets (which put money into your pocket) and liabilities (which take money out of your pocket)
  • Learn how to save money and have separate budgets for emergencies, children’s education, travelling, retirement, etc.
  • Learn how to invest and in what to invest
  • By mastering these financial concepts and applying them in your life, it will become a lot easier to keep track of money, reduce unnecessary expenses, and slowly work towards financial independence — a dream that very few people can afford to live.

By drawing wisdom from Finance, you can also learn:

  • How to invest your time in things that bring you value, joy, and fulfilment
  • How to be disciplined and postpone short-term gains for long-term success
  • How to prepare for emergencies and tragedies and not wait for them to happen
  • Why you shouldn’t put all your eggs in the same basket
  • Why the only way to earn value is by offering true value to others

3. Lot’s of career options

The financial sector is diverse and full of many different career options for professionals. There are a wide variety of specialisations one can attain to focus in on one aspect of the financial sector. The financial field is wide and so are the many options when it comes to choosing a career in finance.  Financial jobs and careers cover to include everything from counting and money management and financial management, to invest risk management, banking and even tax.

Finance is complex field someone without the proper knowledge and experience to navigate. For example, working as a financial advisor, you will have the opportunity to work with people and also have an opportunity to help them to make the right investment and financial choices.

Finance is a part of every organization, business, and company. This is a good opportunity to for financial professionals and those pursuing a career in finance as there are few limits placed on the type of business or company you can work for. While you can work at a firm that specifies dealing with the finances of other businesses, you can also find work in the internal finance departments of organizations and companies.

4. Flexibility and room for growth

Because there are a large number of financial positions out there, there is a lot of room to move upward in your career. Moreover, it’s easier to relocate with a position in Finance because the job isn’t location-specific. There are many options to work in Finance abroad, if you’re looking to expand your career to outside of your home country.

Depending on the finance careers you so select to pursue, you will have the opportunity to continue your skills, education, and experience. New software and technologies in the flew of finance will also provide you the opportunity to experiment, learn and implement your new found skills in day to day job.

 5. Job security

Job security is very important in any career. Finance is an in-demand occupation. Positions in this field are usually secure. For the reason that finance is fundamental to life, there are many job options are available. This allows you more freedom to switch cities, companies, etc. if you are feeling like you want a new challenge.

 6. Challenging career

A job in finance isn’t exactly easy. It takes brainpower, hard work and education to be successful, Because it is an intellectually stimulating field, it can be very worthwhile in the long-term. Moreover, if one works hard and applies themselves early in their career it doesn’t take long to move up in the ranks, so an individual can earn more and face new and exciting obstacles.

7. The opportunity to continue your education

Employers in the financial sector like to see their employees continue advancing their education. Earning a higher degree also means earning a higher pay check, so that effort to educate yourself really pays off. The knowledge, skills, and experience you gain in one financial field can assist you not only in your personal finance and financial planning. A qualification in accountancy, for instance, can allow you to specialize in the field and also opens up doors in other financial fields like financial management, cost, and management accounting, internal auditing and credit control etc.

8. Personality can Boost Career

A career in finance isn’t just about facts and numbers. Your personality also plays a big role as you make critical decisions for your clients, their businesses, etc., and also discuss important issues at length while understanding their concerns and expectations. So, if you are a people person, then you can easily grow your career and get the best management jobs easily.