Saagar Gupta on Types of Financial Careers

Some people like to say that finance is boring. They think it’s just a bunch of numbers and graphs. But there are so many different careers in the financial industry, from personal banking to risk management. In this article, we will explore some of the most popular options for those interested in pursuing a career in finance.

Financial Planning and Advising

This career path involves helping people to manage their money. Financial planners help set up budgets, invest in retirement plans and other long-term savings options, and save for college costs or a new home. They can work within an insurance company or directly with clients via phone or email.

Corporate Finance

This broad field involves everything from working in the finance department of a major company or corporation to investment banking. In corporate finance, an individual would work closely with a CEO and CFO on all issues related to money management within a business, including investments, mergers and acquisitions, debt financing, and public offerings.

Accounting

Accounting is another popular career choice for people who want to work in the financial industry. Individuals working as accountants are responsible for keeping records of a company’s or individual’s income, expenses, and other transactions that have taken place over time. They also prepare tax returns at the end of each year.

Banking

Banking is a career choice where the individual works in the finance department of a bank, credit union, or other financial institution. Under banking, one can either be a bank teller, loan officer, marketing director, or branch manager.

Insurance

People who work in insurance can be either sales agents or claim adjusters. Individuals working as sales representatives will help sell and explain different policies, such as life insurance or car insurance, to clients. They earn commissions when they show potential customers the advantages of purchasing these products. An individual working in claims may interview victims of accidents and review police reports, medical records, and other documents to determine whether or not an individual is eligible for insurance. There are also customer service or actuary jobs.

Investment Banking

This field has become increasingly popular over the last few decades. Individuals working in investment banking are responsible for advising companies on how to raise money through selling stocks and bonds, as well as mergers and acquisitions. They also help investors determine what types of investments they should make with their own money.

This blog/website is only made available for educational purposes. It is designed to give visitors general information and a general understanding of select financial topics. It is not intended to provide specific financial or investment advice. Conduct your own due diligence or consult a licensed financial advisor/broker before making any and all financial/investment decisions.

Article originally published on SaagarGupta.net

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