Finance is among the most valuable sectors in the US, and therefore, the natural tendency of young people to build careers at the same time.
In accordance with the Labor Statistics Bureau U.S., the level of work for financial managers is destined to surge 19% among 2016 & 2026.
In particular, technology is among the highest sectors “invested” in the private equity industry last year according to the PWC report, with private equity agreements rose from 10% five years ago to 17% in 2019.
Financial career with the highest salary in 2020
Portfolio manager
What are they doing:
Portfolio managers oversee the investment of retail and institutional clients in their daily work.
They suggest investment strategies to clients based on their domain knowledge and expertise in the subject.
Many of them have expertise in certain asset classes, eg. Fixed income, equity, among many others.
Different managers are specialists in various types of stocks and bonds.
Jobs Company in Finance
One can choose to work in the Ministry of Finance an organization after completing a bachelor’s degree in finance. Companies throughout the industry post job openings every year on this profile.
Type of company financial work position:
Financial Manager: They manage the overall financial terms of the business consisting of financial planning, reporting, bookkeeping and risk management.
Account Manager: He oversees general accounting issues and ensures completion of financial statements and a timely book account. To take this position, someone needs CPA qualification (certified public accountant) with an average experience of seven years into accounting.
Risk manager: They help financial companies avoid credit risk, operational risk, market risk, and liquidity risk.
Career in investment banking
What did the investment bank do?
They help the government, corporations and financial institutions raise capital by providing consultation on investment strategies. Investing in new and developing companies, facilitating acquisitions and mergers, and taking public companies is their daily work activities.
Work varies in investment banking:
Professional Mergers & Acquisitions: They provide strategic consultation to companies that want to buy smaller businesses, or find merges with their competitors. These professionals exploit financial modeling to analyze the mighty agreement.
Underwriters: They generally serve in the role faced by clients while working with external contacts to identify capital requirements. Plus it, they work with traders at home to explore the best choices.
Private equity advisers: The work of private equity is considered among the most coveted in the financial market market. Individuals used in this role make organizations and individuals invest money in private companies to get funds raised as a result. They get their commissions based on how well they appear for their clients.
Venture Capitalists: This job profile involves capital investment in companies that appear and start, often in industries that are high on growth, eg. Biotech and technology. Venture capitalists put their own money, and then quickly issued them while in the early stages of developing companies invested.
Financial trade
Trading work is largely found in investment and commercial banks, and asset management companies. Traders try to make profits for their employers or clients by offering spreads.
Various types of trading job profiles:
Selling side trade experts: they are employed by banks to buy and sell goods on behalf of bank customers, or to achieve bank profitability.
Purchase side trade experts: they are employed by asset manaement companies to purchase & sell under the supervision of portfolio managers.
Professional Hedge-Fund: For change, they do not work for bank clients, instead, they try to optimize profitability for these funds. They may or may not work under portfolio manager.
