, where do you begin figuring out what jobs exist in the finance industry and which one is right for you? We’ve compiled a list of more than 20 careers in finance, ranging from entry-level analyst positions to insurance sales and all the way up to chief financial officers.
Accounting and Tax Financial Careers
Accountants and Auditors
Average salary: $86,740
Accountants and auditors analyze their company’s finances and prepare financial documents. Within a financial organization, there may be specific titles such as junior accountant, senior accountant,auditor, and tax accountant.
Junior accountants focus on balancing accounts and preparing reports. Senior accountants may need a master’s degree or a certified public accountant (CPA) license, and they assist in analyzing and maintaining the company’s financial health, in addition to being supervisors to junior accountants.
Auditors are primarily in charge of tracking accounts and seeing that they are recorded accurately. An auditor must also prepare financial statements, such as balance sheets and audits,and ensure that all operations and documentation meet legal and financial regulatory standards.
Tax accountants prepare client tax documents and ensure all tax filings follow local, state, and federal tax regulations. Preparing tax reports, solving issues and errors with filings, and finding areas where money can be (legally) saved are all duties of tax accountants.
Financial Analyst
Average salary: $108,790
Financial analysts interpret financial statements and forecast the company’s future financial performance. In addition, analysts compare current financial situations to the initial plans laid out by a financial manager or chief financial officer and assist in creating reports to help the company stay on track with its strategy based on market conditions.
Financial Manager and Controller
Average salary: $166,050
Financial managers work in many different areas and industries, including investment banks
firms, and insurance companies. They primarily handle the creation of financial reports and the development of long-term financial plans for an organization.
Another type of financial manager is the financial controller, or comptroller. Controllers are the highest ranked person on an accounting team, outside of the chief financial officer. The controller ensures the company stays in good financial health and oversees the work the rest of the accounting team does.
Chief Financial Officer
Average salary: $246,440
A chief financial officer (CFO) is the top-ranked person in a company in regard to the organization’s finances. A CFO has two main roles: overseeing all financial activities within the company, as well as the accounting team members, and being an adviser to the other C-suite executives.
Budget Analyst
Average salary: $87,680
A budget analyst, sometimes called a cost analyst, looks at the company’s budget and determines ways to make or keep the budget efficient. Budget analysts also help maintain records and decide if funds need to be allocated differently.
Advising Financial Careers
Financial Advisers
Average salary: $137,740
A financial adviser, also called a financial consultant or a financial planner, is a broad job title in personal, corporate, and public industries.
- Financial advisers help their clients understand what services and tools are available to manage and optimize their wealth. Advisers also advise on what decisions to make depending on the individual client’s goals and financial situation.
- Personal finance advisers do the same sort of work as any other financial adviser, just on a smaller scale. Their clients are people who want to learn how to manage their money better and who want advice on things like investing, college funds, taxes, or estate planning.
- Registered investment advisers (RIA) must register with the Securities and Exchange Commission (SEC). Investment advisers guide clients through the investment process by assessing the client’s needs and goals and analyzing the current market conditions.
- Chartered retirement planning counselors (CRPC) are financial planners or advisers who specialize in helping their clients plan for retirement. A CRPC is a certification and job title, and CRPCs work with clients to create a plan that meets their client’s lifestyle preferences and financial capabilities.
Portfolio Manager
Average salary: $166,050
A portfolio manager is a financial manager who specializes in investment management.They work with clients to find the right investment opportunities and maintain a lucrative investment portfolio. Portfolio managers also guide their clients on investing and explain market conditions and economic trends that could affect their client’s investments.
1 thought on “HOW MANY JOBS ARE AVAILABLE IN FINANCE ?”