To effectively pursue jobs with the highest probability of success, you must measure the demand for the position. Do the research first to discover your options. The time spent uncovering the most interesting possibilities can be time saved working in a job that just doesn't fit. The financial services industry is multifaceted, offering a variety of positions that cater to different skills and interests, along with sub-industries that encompass niche opportunities. Researching the possibilities in financial services will help you to land the job that has is most compatible with your interests and skills. The same is true for professionals who are seeking a career change and who want to give a new sector a shot.
1.) CERTIFIED FINANCIAL PLANNER – Certified financial planners work with individuals to meet short- and long-term financial goals. They understand complex legal and financial documents and are knowledgeable of financial laws and legal restrictions. Certified financial planners also have a good command of investments and security planning, estate planning, tax planning, employee benefits planning and insurance planning. Learning about a client's financial situation is crucial to developing realistic plans so financial planners must interview clients thoroughly, by reviewing fiscal situations and developing tools to assist in meeting financial goals. Financial tools include developing a family budget, tax-sheltered investment plan, retirement savings and a major purchase timeline.
• SALERY OUTLOOK – The average Certified Financial Planner salary in the United States is $65,900 as of May 28, 2020, but the salary range typically falls between $50,900 and $79,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
2.) FINANCIAL REPORTING ANALYST – Financial reporting analysts prepare documentation that reflects a company's financial standing. The information they compile is issued to internal and external sources and is used to create budgets, conduct audits and issue stock. They use Generally Accepted Accounting Principles (GAAP) to create financial statements, shareholder reports and balance sheets while ensuring accurate financial reporting throughout an organization by working closely with various departments and management. They analyze income and expenses, reconcile accounts, file regulatory reports, provide information to auditors and issue data used in Securities and Exchange Commission (SEC) filings and annual reports.
• SALERY OUTLOOK – The average Financial Reporting Analyst salary in the United States is $70,900 as of May 28, 2020, but the salary range typically falls between $58,500 and $86,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
3. INVESTMENT CONSULTANT – Some of the most glamorous—and intense—financial careers are jobs in investment banking. Investment banking jobs facilitate new issuance of corporate securities and bring them to market for investors to purchase. Investment banks also trade securities and advise both corporations and wealthy individual investors. Typically, investment banking firms have numerous divisions and groups with different objectives and responsibilities. Working in a traditional investment bank would allow you to interact with issuers of securities, and M&A professionals. You might even work on the trading desk, trading stocks, bonds and other securities in the secondary market. Or, you could become a qualitative research analyst in either stock research, corporate bonds, or other fixed-income securities.
• SALERY OUTLOOK – The average Investment Consultant salary in the United States is $72,500 as of May 28, 2020, but the salary range typically falls between $60,500 and $92,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
4. CHARTERED MANAGEMENT ACCOUNTANT – Whether chartered or certified, management accountants are responsible for evaluating the financial information of companies and advising them on issues like profitability and risk. These professionals analyze performance objectives, asset ledgers and budgets and report their findings to business leaders so that they can plan the direction of their company or organization. For example, a management accountant may review network infrastructure investments and determine that the company isn't adequately prepared to handle future demands and must allocate more capital to this area. Additionally, these professionals may generate reports for outside groups, such as investors and government auditors.
• SALERY OUTLOOK – The average Chartered Management Accountant IV salary in the United States is $94,000 as of May 28, 2020, but the range typically falls between $85,900 and $103,500. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Despite their differences, common characteristics apply to many financial professions. Financial careers tend to be stressful, have high barriers to entry, enjoy lucrative salaries, and be located in major financial centers. They tend to provide challenging work environments, interaction with highly motivated and intelligent colleagues, and stiff competition among applicants. Most of them require a substantial amount of education as well as stellar academic performance. While many people are drawn to the financial field because of the potential for substantial income, those who are the most successful tend to also have a distinct passion for their work.
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