Reasons to Consider a Career in Finance
Whether you are just starting in employment or looking for a career change, working in finance is a fantastic option. Aside from the enormous earning potential, a finance career offers terrific opportunities for personal development, professional growth, and a variety of other perks and benefits. If you’re undecided about whether it is right for you, here are six great reasons to consider a career in finance.
High Earning Potential
People who work in finance need to be good with money, and it’s no surprise that these professionals tend to earn well above the national average. As an example, the average salary of a financial advisor is around $94,170, and an investment banker can bring in anywhere between $100,000 and £200,000 per year.
The level of education and experience can influence the specialist’s salary. The professionals with advanced degrees in finance or related fields and those with several years of experience working in the industry may be able to negotiate higher salaries than those just starting out in their careers.
To become a financial advisor, individuals must pass the Series 7 exam, which tests their knowledge of securities and financial regulations. Many aspiring financial advisors turn to resources like the series 7 flashcards by Career Employer test prep company to help them prepare for this challenging exam. By obtaining similar certifications, financial advisors can demonstrate their expertise and increase their earning potential in the field.
Considering the average national salary is $58,260, it’s clear that finance is an incredibly lucrative career.
Earning such a vast amount can ensure financial security for the rest of your life if you are careful, and may even achieve financial independence. You may be able to afford to retire early and live out the remainder of your life in comfort.
The finance world is enormous, and you can choose many career paths. You could be a wealth manager, accountant, financial analyst, or work in hedge fund task management. You will work with many clients throughout your career, and no two days will be the same. The work is exciting, challenging, and incredibly rewarding as a result.
Whichever path you take in the finance industry, you will have the opportunity to learn new skills and advance in your career. There are always new skills to learn, techniques to master, and training courses or qualifications you can obtain to boost your resume and improve yourself.
Personal Money Management
Working in finance means you know the value of money and how to manage it. This can help you in your personal life, as it will enable you to make the best use of your own household income. You can use your expertise and experience to help you invest wisely, use the best savings accounts, and safeguard your future by planning for your retirement.
If you can’t stand the idea of spending each day in the same dreary office, a career in finance might be for you. There are so many opportunities to travel to exotic locations, meet foreign clients, and working with international partners. Your career will quickly take you out of your comfort zone, enabling you to experience the world and become a more culturally-minded, independent person.
Perks and Benefits
Many finance organizations offer a huge array of fantastic perks to their employees, including company pensions, private healthcare, insurance, and gym memberships, to name a few. Not to mention the sizable bonuses you can earn if you do your job well. Although it’s not a reason to choose a career, these benefits can significantly improve your quality of life.