Whether you’re considering getting into finance part-time, or planning to take it to the next level through a serious career, finance is one of the biggest and best sectors to get stuck into. Not only will you be able to use what you learn from finance in the here and now, but you can plan ahead and reap the benefits for years to come. Here are some of the best reasons as to why you should get into finance.
Money, Money, Money
What is finance about? Money. And so – what are you going to be learning about, and understanding in great detail? Money. The knowledge and expertise you’ll gain from being involved in finance is endless, and can help you find ways to make yourself a nice sum. There’s a wealth of information out there, too, so you’ll never be short of learning something new.
One of the most useful pieces of information you’ll come to learn is how to cut expenses. Finance involves a lot of work in saving money and enhancing profits, but you can apply this to your own spending, too. You learn how to negotiate and cut costs, such as with your energy bills, and finetune your budget to increase your extra cash.
You can also learn how to negotiate with sellers or buyers (if you sell things) in order to achieve a better price, and thus boost your profits. This is particularly handy if you’re already working in sales, but it’s also a useful life skill for any situation where you may need to sell things (for example, clearing out your house).
Finally, it’s not a secret that finance is one of the highest paying sectors to date. With a variety of high-paying jobs to choose from within finance, you’re almost spoilt for choice and are almost guaranteed a great paying job in finance.
There’s Plenty of Excitement
If you’re someone who likes to play safe, and doesn’t take a lot of risks, then finance is not the choice for you. But if you love a fast-paced environment, where every day is different and often full of surprises, then you’ve definitely come to the right place. If you’re in a role where you have to make spending decisions, this has a lot of weight and responsibility – after all, invest your money in the wrong area, and you’re set to make big losses. But if you do your research, and make smart choices, then you’ll be able to make some big money, earn respect from your co-workers, and enjoy the exhilarating reward of a risk paying off.
You’ll also find that problem-solving plays a large role in finance. There’s a lot of deduction, assumption, and guesswork, almost equating to a detective trying to figure out what the right move or direction is. These problems can be minor but in great numbers, or you may be dealing with large, complicated problems that require some attention to detail and thought. But it’s incredibly satisfying to work your way through these problems and find your decisions paying off.
There’s also excitement in new companies and clients. Unlike many would believe, finance isn’t about staying hidden behind a desk – often, you’re out meeting new people, discovering more about them, or working together with co-workers on a problem. There are a lot of new situations, opportunities, and connections through these people, and it’s exciting to get a glimpse into these new worlds and ideas.
Great for Your Resume
Finance on your resume is a big tick for many employers. Not only does it show that you know how to look after money (after all, most businesses run on money, and value anyone who knows how to treat it carefully), but it shows you’re dedicated, can handle pressure, and can take on big challenges.
There are plenty of ways you can include finance onto your resume – some work experience is often a good idea, but a degree is even better, and really shows off your dedication and passion, especially if they’re a postgraduate degree or further study than what’s required. Qualifications like Suffolk University’s Online MBA Degree Finance Concentration are exactly what you need to boost your resume, and not just impress employers, but blow them out of the water – not only does it say you mean business (quite literally), but it also shows that you know what you’re talking about, and have been given the knowledge that other applicants have no idea about.
The experiences and skills you’ll gain from finance will also look good, and give you some good opportunities to spice up your resume and interview, as you’ll be able to draw on these experiences and how they’ve shaped you to become the person you are today. Difficult client? You gained patience, understanding, and an ability to please even the most difficult of customers. Took a big risk? You’re bold, not afraid to take on challenges, and willing to put yourself on the line for big rewards. Even a big loss or mistake can detail a learning curve you underwent, and how you made efforts to come back and improve from any issues you had. There are a lot of benefits from having finance on your resume, and it practically screams ‘pick me’ to employers.
Opportunities for Progression are Endless
One of the biggest things people want to know when going into a job is simply ‘Can I see this job becoming a career?’ In other words, can you see this job giving you opportunities to progress, move forward in the company, and make your mark? Finance is the perfect yes to any of these questions!
Often, finance involves working in a company with lots of levels. For example, you may want to work in investment banking, where you start out as an analyst or associate, eventually making your way through various roles to managing director, or partner. Not only does this give you the opportunity to improve on your career, but it helps you take more control over your career and even have input into the business, including the direction it should take and the strategies it should implement.
Skills are often transferable, too – so if you decide you’ve maxed out all you can in one job, or fancy another career instead, you can make the switch with more ease, knowing you already have plenty of the skills and expertise they’ll be looking for applicants, and be able to stand out. This way, there’s no worry about committing yourself if you don’t feel as if one particular pathway is for you, and you can find the route that makes you happiest.
Work is Modern and Up to Date
How many times have you walked into a place of work and thought how old or run-down it looked? Or, how often have you heard someone talk about a piece of information, only to know how outdated it was? With finance, you’ll never find that. One of the best things about working in finance is that it’s a lot more dynamic and further ahead than other sectors. After all, the economic world is constantly changing and evolving, so it makes sense that the financial sector is following in its footsteps.
The information involved in finance is constantly changing, thanks to its forward-thinking and eagerness to adapt. Whether it’s the introduction of new technology, rapid shifts in the market, or new rules, regulations, and laws, you’ll find that finance is constantly adapting and growing in an exciting, modern way. Not only does this make your work constantly interesting, with no two days the same, but it allows you to learn and keep up to date with the world.
This doesn’t just apply to the information you work with, however – this also applies to your work environments. Long gone are the days of ten-year-old computers and slow internet connections – you’ll now be able to work in clean, modern offices with the latest equipment, and a whole world to connect to within seconds. Finance opens you up to opportunities involving the latest developments in technology and the biggest influencers of the world, giving you endless options to delve into the world as it is now, as well as the future. Working in finance means you can take advantage of new opportunities and be the first to experience these first-hand, as well as learning new skills before anyone else.
You’re Never Out of a Job
Finance is a sector that will never go out of fashion or popularity. Automation is making huge progress but it’s unlikely to see any takeover of the financial industry any time soon, meaning it’s ripe for the pickings, and offers strong job security for those looking for something long-term. There’s always high demand, and the job market for the finance industry is practically bursting with opportunities. This means that whatever you want to do in finance, you should be able to find the option that suits you best.
This webpage explores 12 different careers within finance you could go into, all of which are crying out for applicants. It covers anything – whether managing is your bag, and being in control of financial decisions, analyzing income, profit, sales, or general economic stability, or even creating reports and administrative documents – you’ll be able to find something that fits your bill easily. The article also tells you all of the projected growth rates for the next ten years, as well as average salaries for each position, so you can filter which fit your situation and goals best. Check it out!
A job in finance is one that offers you an endless skillset, and this is partly thanks to its endless opportunities. For example, the management skills that you get from managing money and finances is a great thing to have for two reasons. For one, it shows that you can manage yourself, keep yourself organized, and look after anything you have responsibility for, whether that’s money, space, or people. It also shows, however, that you’re good at managing teams, and thus puts you in a great place for any leadership roles in the future.
Communication is also one of the biggest skills that is in demand, and one of the biggest skills you’ll pick up by working in finance. Not only do you learn communication between your team, often in important situations where clear communication is needed to make the right decision, but you also pick up negotiation skills, and skills that allow you to persuade customers to buy. This is a highly desirable characteristic, one that you can even use to sway future employers into hiring you. If you’re interested in knowing more, here are 10 reasons to show you exactly why communication is so important – reasons you’ll learn through finance.
But most importantly, finance gives you drive. It’s incredibly common for interviewers to come across hundreds of applicants who just don’t have that passion for the role, and although they’d like to have it, they don’t have any drive to take it by the reins and own it. But working in finance gives you the fire in your belly to push for the best and nothing less. You’ll see inspiring people crumble, big risks pay off, and you know exactly what it takes to make it big. Employers like someone who they can see has true passion for not only what they do, but for success, and working in finance will be a big sign that you won’t stop at anything for success.
Learning these skills won’t just improve your status in the workplace, or to potential employers, but they’ll help you navigate your personal life, whether that’s building strong relationships with new people, helping you strengthen your parent role, or keeping yourself motivated to achieve your goals, as well as to succeed them.
If you haven’t decided whether finance is for you yet, what are you waiting for? These 7 reasons are here to show you exactly what you could achieve by being in finance, or by taking your investing hobby into a career. With a little drive and motivation, you’ll find that working in finance can change your life.