Masters Finance Jobs: What Jobs are There for Graduates of Finance Masters?

 Masters Finance Jobs: What Jobs are There for Graduates of Finance Masters?

Financial Career Options Available to Professionals


While a career as a financial professional is all about money, it's not only about that. The business graduate will find that a degree is only the first step. Now it's time to assess the various career options and determine which sectors require the newest talent. Also, consider your strengths and interests as you decide what type of work would be most enjoyable and where you would excel.


The Financial Services Industry

Financial services are multifaceted. They offer a variety of positions that cater to different skills and interests and sub-industries with niche opportunities. To find the best job for you, research all the possible opportunities in financial service. Professionals looking to make a career shift or explore a new area of work can do the same. The following sectors represent the most common careers in the financial service industry.

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Financial Planning

Financial planners work with individuals to develop financial plans to protect their future and ensure their financial security. They typically review clients' financial goals to create an investment and saving plan tailored to their individual needs. The plan may be focused on wealth preservation or growth. It may also include estate and tax planning.


Financial planners are either part of large, national teams or work in smaller, local businesses. Some planners will charge a flat rate, while others may charge a percentage on the client's assets under management (AUM). In this case, they get commissions on the products that they sell, such as mutual fund investments.


Financial planners with the Certified Financial Planner(CFP) designation are most in demand. This is because their training is rigorous. They must have over 6,000 hours in financial planning experience, pass several exams (including a 2-day, 10-hour case-study test) and fulfil continuing education (CE).


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  • Corporate Finance
  • Corporate finance jobs require you to work for a company to manage and find the capital required to run your business. This is done in a way that maximizes corporate value and reduces financial risk.


In a company's corporate finance department, you may:


Develop the company's overall strategy financial

  • Forecast profits and loss
  • Negotiate credit lines
  • Prepare financial statements
  • Work with auditors outside

Corporate finance jobs that are more complex might include M&A (mergers and acquisitions) activity. This includes calculating the value for an acquisition target or assessing the wisdom in spinning off a particular division of a company. You can find corporate finance positions in any company, large or small, whether it is an international entity or a startup. Corporate finance also encompasses the roles of treasurers, internal auditors, and financial analysts.


Commercial Banking

From large corporations to small institutions, banks offering financial services include checking and savings accounts and loans and individual retirement accounts. The commercial banking sector includes bank tellers and loan officers and branch managers, and operations managers.


Talented professionals have the opportunity to move from a branch job up to a position at a bank's corporate headquarters. Such a promotion would open you up to other areas such as international banking and commercial banking.


Investment Banking


Investment banking jobs offer some of the most rewarding and challenging financial careers. Investment banking jobs are responsible for issuing new corporate securities and bringing them to the market for investors. The investment bank also deals in securities and offers advice to both wealthy and ordinary investors.


Investment banking firms typically have several divisions or groups with different objectives and responsibilities. A traditional investment bank will allow you to interact and work with M&A professionals as well as issuers. You could even be a trader on the secondary market, trading stocks, bonds, or other securities. You might also consider becoming a qualitative research analyst for stock research, corporate debts, and other fixed-income securities.


Hedge Funds

Hedge funds, private investment funds, are mainly unregulated and can buy or sell any financial products. Hedge fund jobs can be glamorous because of all the mystery surrounding these types of entities.


Some of the most typical jobs in hedge funds include:


  • Financial analyst
  • Trader
  • Compliance officer
  • Quantitative analyst
  • Marketing manager
  • Portfolio manager
  • Venture Capital, Private Equity

Private equity professionals aid businesses to find capital for expansion as well as current operations. They provide financing for several corporate business transactions, including managed buyouts as well as restructurings.


Private-equity jobs may include working as interim executives in a struggling company where your success determines the company's fate.


Venture capital (VC) professionals are most often associated with startups or small companies proliferating. Venture capital firms examine the pitches from founders and small business leaders to decide whether or not the firm will invest. VCs, sometimes referred to as "Vulture Capitalists", structure deals favour investors and not the company receiving funding.


The VC hopes the venture capitalist will make their stock publicly available on the stock exchange. Venture capital is risky. While there is a high chance of failure, the potential rewards are substantial if successful.


Insurance

Insurance jobs could include working with individuals or businesses to identify risks and prevent them from becoming costly. The majority of jobs in insurance are at large insurance companies. This sector can be your first job. It could lead to a sales career selling insurance policies, customer service reps working with clients, or an actuary computing risk and premium rates based probabilities that are based on historical, statistical data.


Public Accounting

Public accounting is an exciting field with many possibilities. CPAs are Certified Public Accountants (CPAs). They help individuals and businesses to track their finances using generally accepted Accounting Principles (GAAP). Public accountants are responsible for recording business transactions, preparing financial statements, audit records, preparing income tax returns, and providing related consulting services.


Accounting professionals work in partnerships. The Big Four (previously the Big Eight and the Big Six) are the most significant partnerships, including Deloitte Touche Tohmatsu, PricewaterhouseCoopers (PwC), Ernst & Young, and KPMG. However, there are many opportunities in smaller companies. The typical job for new hires is to start as a staff accountant. They then move on to an audit manager, tax manager, and eventually to partner if they can maintain the rigorous work schedule over many years.


Making the Right Decision

Measure the demand to find the best job. It would help if you did your research before you make a decision. Spending time researching the most exciting options can save you time if you end up in a job that doesn't suit your needs.


Different financial jobs require different skills. They also present very different work environments. So it is wise to choose one that matches your long-term interest and capabilities. An example of someone with good interpersonal skills is a financial advisor. However, someone who likes to crunch numbers might be better suited for public accounting.


Finding Job Opportunities

Nearly all companies in nearly every industry have financial jobs. There are two options for finding job openings, online and offline. It is best to use both. Don't forget that financial jobs are highly specialized and so don't use generic job boards. For financial job opportunities or career advice, headhunters are great resources. A university alumni association can provide valuable connections to industry professionals and B-school alumnae that are open to sharing their insights and possibly pointing you in the right direction.


You can also find financial jobs at industry conferences or other networking events. Concerning networking, never forget the value of personal interaction--everyone you meet could know someone who knows of a job opening. Maintain open communication by following up professionally but personally with all contacts.

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