What Jobs Are There In Finance?
"I like working with numbers, so a career in finance seems like it would make a lot of sense. So I am planning on majoring in economics or accounting, but I haven’t decided which. I was wondering, what are all the different jobs I could get in finance? I don’t really have a clear plan for my career path, I just know I like working with numbers and money."
asked by Jeff from Fargo, ND
There are many different jobs which involve finance. Here are just a few of them:
Help businesses and individuals to manage their monthly budgeting. This may be a daily job in certain settings. You might work directly for a company, or for an accounting firm, or for yourself by contracting out to various clients. To become an accountant, you’ll want to major in accounting, not in economics or finance.
This job is similar to the one above, except that it involves specializing in tax preparation.
This job is a lot like accounting, except it takes place at a higher level than accounting, and involves ensuring that the accountants at a given business are properly running the numbers.
This is a profession where you help individuals to manage their financial lives, both in the present and in the future. Very wealthy individuals often have financial planners to take care of their finances full time.
As an investor, your job is to help individuals and businesses to manage their investments. Most businesses do not have the resources or know-how to hire a full time investor, and will contract this job out instead.
If you operate a hedge fund, you are doing investment work of a specific nature.
Real estate is a highly lucrative field where you broker the sale of homes and other properties. Real estate agents earn high commissions on properties which are successfully sold.
Some people who major in finance choose to go into the insurance field. This is another commission-based area where you profit when you persuade customers to purchase insurance plans for the homes, health, cars, or lives.
As you can see, there are many different opportunities for someone who is interested in finance, and that was hardly an exhaustive list of the possibilities. The great thing about a major in finance is that you will be developing skills which are essential to any business or individual. There will never be a time when people do not need those expertise.
Those skills can serve you in your own personal life. If you become a contractor and operate your own business, you will have the skills you need to manage your own books without contracting out. And as an individual, you will also be able to benefit from the skills you develop, since you will know how to manage your own personal finances.