One of the most global industries across the world is the finance industry. This industry is continuously expanding and advancing. There are many reasons why this industry has been chosen as the best career path. Not only that, there are endless possibilities but also several interesting destinations too.
Companies are expanding to new exciting areas, and with this expansion, it has been considered one of the most demandable finance careers to be chosen. By running your career in the business finances industry, you will get thousands of opportunities. In this article, we are going to discuss the ten reasons why finance is considered a career.
Top 10 Reasons Why You Should Consider A Career in Finance
Below we have mentioned the top 10 reasons why you should consider a career in finance.
1. Enjoyable Colleagues
If you want to achieve success or want to accomplish your goals, then having a positive and competitive working environment is very important. The finance sector is mainly very competitive; this means only the best candidate can excel.
Therefore if you are surrounded by positive and good colleagues, then you will be able to improve your professional career in a rapid manner.
Apart from that, you can learn many valuable and intelligent lessons from your colleagues on a regular basis. As we all know what position we are currently in, there is no age limit to learning and gaining knowledge.
2. Extreme Job Satisfaction
According to the research hub Randstad Financial and Professional’s calculation, it has been seen that, on average, 38% of employees are getting satisfied with their progressive careers. But when it comes to the finance industry, the number has risen.
In this case, over 46% of people in the UK workforce are getting satisfied with their jobs in the finance sector. Apart from that, Morgan McKinley described that the vacancies numbers have increased by 20% in the finance sector.
3. Networking Opportunities
In the finance sector, the network range is much higher than in other domains. Therefore various professionals like industry colleagues, fellow colleagues, clients, and more will be on your network list. The opportunity of building a huge network is vast in this career. Therefore you can join as a Finance Consumer Services provider.
4. Important Life Skills
Studying and consequently working in the finance sector will provide you with many important lessons to learn. It is not only about just handling the finance calculation in your office, but you will get to know handling your own personal finance career. Apart from that, you will also get to learn about the important aspects of entrepreneurship.
5. Exciting Salary Expectations
According to a recent study by the Higher Education Statistics Authority, it has been shown that the average salary of a graduate candidate in other sectors is between $21,000 to $24,000. But in the finance department, it is relatively higher, which is $31,000 to $35,000, along with notable annual increments.
6. Potential Career Advancement
The finance industry gives the industry’s employees an opportunity to increase their academic backgrounds. In this case, if you, as an employee of the finance industry, will provide you incentives if you wish to increase your degree. Many finance companies can give sponsorships to their employees so that they can develop their skills.
7. Accessible Study Options
You can start your finance career on the right track if you want to esteem qualifications. There will be many online study opportunities where you can work hard. You also, at the same time, can pursue your professional career.
8. Dependable Job Security
Generally, the finance industry has much more job security than other jobs. Like if you are losing your position in one company, then the finance industry will not leave you without having any job, especially if you have the proper qualifications. Leaving a job position usually happens when you have a high demand for your skillset or when it is beyond your capabilities to handle any heavy project.
Additionally, the demand for your skills pushes you to negotiate higher salaries with several benefits and a better working atmosphere. If you are a qualified employee who has a good network, then the company will be vying for you like a legal counsel in Law Firm Finance.
When it comes to diversity, the finance sector is one of the most diversified fields. There will be countless options in the finance sector. It allows you to tailor your career path according to your personality. This mainly gives you the opportunity to choose your choice-able path so that you will get the most rewards and satisfaction in work life.
10. Specialised Training
Especially in the Finance industry, there are several training opportunities for you. In this case, undergoing specialized training will help you to improve your knowledge and skills. For example, the SIE exam is a well-known training opportunity in the finance industry. The SIE exam is a multiple-choice test that covers many topics related to the securities industry, such as market fundamentals, regulatory agencies, and investment products. Career Employer‘s free SIE study guide can help you to study the requirements and prepare for the test. Besides SIE, other specialized exams, like CFA or CFP, are also finance-related exams with different orientations.
We have mentioned the top reasons why you should consider a career in finance in this article. The finance industry not only provides monthly compensation but also takes care of your future growth, advanced academic background, and so on.
Now the question may arise in your mind: is investment bankers/brokers/service a good career path? Yes, these all are good career paths because they all have job security.
Thank you for reading till the end.
About the Author:
Aaron Smith is a professional content writer with 4 years of blogging experience. He started his blogging career after completing his graduation from Antioch University, Los Angeles. He contributes to several well-known blogs, such as Tour And Travel Blog, Dream And Travel and WP Blogger Tips. He takes pleasure in contributing to numerous foreign publications and magazine pieces. In addition, he enjoys watching movies and playing football in his leisure time.