Money makes the world go round. Whether that old cliche is true or not, it’s certainly true that we need the best graduates going into the world of finance. And it’s a great career path to go down for graduates too. The pay is great, and there are plenty of opportunities for progression.
There are lots of paths for graduates to take though, and not all jobs in finance are the same. If you’re thinking about a career in finance, you’re going to need to know the difference between a chartered accountant and an investment banker! Here are some of the top finance jobs and what they involved.
A lot of people misunderstand the role of the insurance broker. Some people think that it’s their job to sell insurance policies to people, but that’s not actually true. Insurance brokers are the middlemen between the individual or business looking for insurance and the insurance company.
They look at the needs of their clients, weigh up the risks involved and then seek out the best possible policy for them. It’s hardly the most exciting job in finance, but the pay is good.
Tax is complicated, and that’s why the world needs tax advisers. The eyes of most individuals and business owners glaze over upon the very mention of the word ‘tax’. The tax adviser does the boring stuff and looks at the tax arrangements of businesses and individuals for them.
You have to keep up to date with the ever-changing laws and regulations surrounding taxation. Most tax advisers choose to either work with personal clients of corporate clients; it’s up to you which you choose.
You might have an idea in your mind of what an accountant looks like. You’re probably thinking of a guy sitting behind a pile of papers scribbling away on a notepad, doing sums. Nowadays though, with services like Accountancy Anywhere Online accounting, the process is much more advanced.
It’s not a monotonous or boring job either. There are lots of different things you’ll be doing on a day to day basis. You’ll be doing auditing, taxation, corporate finance and insolvency.
If you’re interested in working on the front line of financial markets, investment banking might be the job for you. Investment bankers help companies, organisations and government raise funds on the capital markets.
There are lots of different facets of the job. You might be working on company mergers or reorganising debts. Or you might just be advising clients on their financial decisions.
Pensions advisers tend to work for businesses and organisations rather than individual clients. They look after the company’s retirement provisions and advise on where to save money and how to make their pensions policies better.
It is possible to work as a pensions adviser who works with individual clients. But this kind of work is usually undertaken by general financial advisers rather than pensions specialists.
Now you know a bit about the different options open to graduates looking at working in the world finance, it’s up to you to make your decision!