Is working in finance stressful?
There are a lot of movies out there about finance and almost always they show a really intense and stressful work environment. That is exciting but it is also really intimidating. How much of that portrayal is just Hollywood vs. really a reflection of real life in the finance industry? #finance #financial-services #investment-management #investing
My suggestion to you would be to apply for an intership to get a feel for the environment and see if it is something you would like. For the most part, it is a stressful job that can require long hours at time. Anything in life that pays well requires more sacrifices but it can be more rewarding as well. It really depends on the part of the finance field you are looking to get into. It does require keeping up with lot of guidelines and government rules and regulations.
I majored in finance and I currently am a underwriter for Fannie Mae. I did an internship in college more toward the financial advisor type position and learned it wasn't for me as it was a job that was not salaried and you only got paid commissions if you opened up new accounts. I didn't feel I would be looking out for someones needs as properly as I should as you would feel lot pressure if you were not getting paid. I felt this would make me tell people what they wanted to hear just to open an account with me when it may not have been really something they felt comfortable with or what they needed.
Therefore I went more toward job in underwriting as I knew homeownership was the American dream and that this was achievable and I felt comfortable helping someone qualify for their dream of this. I would definitely take an internship and try to narrow down part of finance you would like to try as you could go toward accounting, financial advisor and planning or underwriting and loan officer type of positions. It is important to get experience to see if you will like it so you don't get stuck in career you don't like.
Hollywood likes to portray stress as a way to generate intensity in the movie.
Having said that, financial jobs can have a lot of stress because the pay can be very high.
Expect stress and learn to manage it. Think of it this way: Playing in an NBA basketball game is stressful if you have never done so. However, every player has played in college, high school and local team so has learned how to manage that stress.
Generally speaking for any job, the higher the pay level, the higher the stress. Employers expect you to perform for the salary they are giving you. If you value the job and the high salary you are earning, stress will come with the job.
A high paying job without stress doesn't exist for the most part.
Finance is a broad field with many avenues you can take and be successful. It doesn't have to be Wall Street to have a rewarding career. You can work from a small corporation to a large corporation. It is a good idea to take a variety of finance, marketing, mgmt, and accounting courses to make yourself well rounded.
It can be stressful, depending on the type of role you have you might be against tight timelines when closing the books, preparing end of quarter packages, looking for answers to deviations vs. plans, etc. I would say there is an adjustment period, at first it could feel overwhelming but after a couple cycles you get the feel for it and learn to manage the timing.
Positions in the financial industry are stressful and for many reasons . Government regulations, stiff competition from other industry players to name a few. But these jobs can be rewarding. I would condider applying for an internship in a financial services company while in college. Best wishes
Working in Financial Services is like most jobs where you have a learning curve and come up to speed as you grow in your job. The stress part is not all that high if you take an organized approach to learning. There are certain facets of every job that are common in whatever industry you learn and are what I would call building blocks. As you gain experience these help no matter what industry you work in.
Overall, the stress level is typical of all jobs and lessens as you gain experience and confidence.
You will need to focus on stress and time management. In order to manage stress you have to manage your time wisely. <span style="background-color: transparent;">You have to set a routine for yourself and stick to it for the most part. Once you get into the groove of a routine it will be much easier for you to manage your time and have enough time for everything you need to do (including relaxing). Make yourself to-do lists on a weekly basis, use Google calendar or a planner to keep track of events, deadlines, and due dates. In addition to setting a routine and sticking to it, plan out relaxing activities into your day. Or set aside a time, after everything is done for the day, that you can have "me" time. I have also personally found it essential to not only find time for myself but also make use of that time in a way that is best for me and my holistic wellness. I have found the HeadSpace app to be an essential tool in helping me relax and generally feel more relaxed throughout the day, Guided meditation, even if you have a busy schedule, will make you feel more at ease and relaxed throughout the day as a whole (not just when you have the time to relax and focus on that "me" time).</span>
<span style="background-color: transparent;">Set a routine.Use Google Calendar.Set aside Me TimeWrite weekly to-do lists and use a planner.Find a peaceful and restful activity that will help you feel relaxed.</span>