Why Finance Jobs are in High Demand?

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Finance is the management of large amounts of money, especially by governments or large companies. In short, it’s about managing others’ money. A finance job mainly involves investing money, protecting it, managing it for your individual customers, investors, corporate clients, shareholders etc.

This proves that the finance industry has huge potential, hence, demand. Many investors and corporates require able financial advisors or analysts who can effectively manage their investments and generate good returns for them. The job opportunities are numerous and the perks are also rewarding. Here we discuss some advantages of working in the finance industry.

Many career opportunities

We can divide finance into various fields like accountancy, banking, asset management, and insurance. These fields are massive industries in themselves. The companies in the respective fields always want to find candidates for finance jobs who are very competent.

Accountancy

Any business, whatever be the size, always requires a skilled professional to manage their finances and ensure that all its figures rightly match up. The job of an accountant is to monitor profits and losses and manage cash flow for the business.

Asset management

Asset management firms mainly handle high net worth clients, individuals or families, governments and institutions. Because they have a lot of money and assets and want to invest and grow their fortune, they need finance experts to help them manage their risks and achieve their financial goals.

Banking

They are of two major types: retail banking and investment banking

1. Retail banking caters to individual customer needs such as savings account, loans, and credits, etc.

2. Investment banking caters to high net worth customers and large institutions who want to raise money for new business or for mergers and acquisitions.

Insurance

There are various types of insurance like life, health, commercial and general. The clients include companies and individuals who need expert advice on which insurance products will suit their needs the best.

Good pay

Generally, finance companies pay better than most other professional fields. It has the highest pay in entry-level positions with great performance bonuses. With the right kind of hard work and experience, you can grow tremendously in this industry.

Great work-life balance

Fortunately, the finance field allows for a great work-life balance. It is not as time-demanding as the IT or Advertising sectors. Your finance role can be fit into a typical 9-5 duration, thus, giving you ample time for your family and personal life. Professionals can choose their work schedule to match their other commitments effectively. Jobs in finance are very flexible as they are not location specific; they are people specific.

Job security

No matter what profession you choose, job security is one of the important expectations from it. As a finance professional, you are always in demand. In this industry, there are great growth opportunities and low rate of attrition.

In conclusion, finance jobs are very rewarding and satisfying in nature. The harder you work, the higher you will climb up the corporate ladder.

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