Career Path Research: Finance
Career Path Research: Finance
My broad career goal is to become a professional in the field of finance. One of the reasons for pursuing a career in finance is because the field offers numerous career opportunities. Finance is a broad field that encompasses varied career opportunities. These opportunities include; financial planner; financial analyst; real estate; banking; insurance; auditor; accountant; collectors; investment consultant; treasurers and many others. By venturing into the financial field, an individual gains access to these and other opportunities.
One of the main objectives is to earn a living. Careers in the field of finance are lucrative as most of these careers are stable and high paying. Treasure is the most lucrative career with an average salary of $ 97,645 per year (Career Builders, 2009). Treasurers are responsible for directing the financial goals of the organization through budgets and financial plans. Requirements for this job position include a bachelor’s degree in finance. However, position of advanced certifications in the financial field enhances the chance of qualifying for this position.
Personal financial advisor is the considered as one of the most lucrative careers in the field of finance. Career Builders (2009) estimate that a personal financial advisor may earn an average salary of $66,405 per year. Thus, career involves providing consultation services on various financial issues to individuals and business entities. A financial advisor requires knowledge in insurance; tax law; the capital market and other investments. A bachelor’s degree in finance, accounting, law or business, qualifies a person for this career.
A financial analyst is also a lucrative career in the field of finance. The responsibility of financial analysts is to analyze the financial trends of the company and the market with the aim of assisting the company to make prudent financial position. The average salary of a financial analyst is $58,205 per year. Qualification requirements for this job position include a bachelors’ degree in finance business, business administration, statistics or accounting. Advance academic qualification in this field gives a candidate an added advantage.
My specific goal is to become a personal financial advisor. Apart from being a highly paying job, this position gives a chance to impact peoples’ lives of individual directly. I am always interested in taking part in activities that enhance the wellbeing of society. Many individuals live in deplorable condition because they simply mismanaged their finances. Many American families are straggling in debts and yet they have resources that can enable the family members to live comfortable lives (Wink & Wink, 2011). Becoming a personal financial consultant will grant me the opportunity to impact on the lives of such families by providing advice on how they should manage their finances.
A career as financial advisor will also enable me to exercise my entrepreneurial skills. Becoming a personal advisor gives an opportunity to establish my own consultation firm. I have always wanted to become a business owner, and this career provides this opportunity. However, I have kept several other options open in case my goal of become a personal advisor is realized. I would also consider working as treasurer or a financial analysis in a reputable organization.
My education background in finance major will give me an excellent foundation in the finance career. This program offers causes that will enable me to acquire knowledge and skill that is necessary in the financial field. A degree in finance will also qualify me to most careers in the finance field. However, I don’t intend to stop my education after graduating from the undergraduate class. I plan to pursue other programs as this research has revealed that additional certification enhances the opportunities of excelling in the finance field.
References
Career Builders (2009). Top 10 Jobs in Banking and Finance. October 25, 2012. http://jobs.aol.com/articles/2009/01/26/top-10-jobs-in-banking-and-finance/
Wink and Wink (2011). America is a Country in Debt. October 25, 2012. http://www.winkandwink.com/american-family-debt-infographic/
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