Is finance a good career path to get into?
It’s great in California.
Surprisingly, there exist very few research studies investigating the effect of emotional stability on a person’s salary. In one study, done by The University of Western Ontario , employees without anxiety disorders earned an average of US$5018 or $335,000 over a 30 year career span relative to those with a clinical diagnosis; that is about 2 – 3 years wages !
In another study from The Pursuit International Educational Advocacy Foundation it was found that emotional stability predicts achievement outcomes–such as high-powered and challenging positions–better than intelligence or individual achievement motivation does!
If you’re looking for a career path that’s recession-proof, finance is it.
A good portfolio manager who knows how to hedge risk can make an 80% or 90% annual return in any market climate, anytime of the year. Hedge funds aim to deliver superior returns through investments in global equity markets and they could earn up to 30% yield per annum on capital invested and due shares from other investors are included as well.
No. I would recommend a career in one of the sciences. The pay may not be as high, but you’ll learn more and end up being more satisfied with your life balance.
If you really want to enter finance, consider working on the quantitative front end–devising new models that will generate trades or capitalise on some recognised pattern of market efficiency for example–rather than trading or investing yourselves. Trading is tricky because it’s competitive; most companies have shut down their internal trading operations to get rid of the additional element of competition they had when they were just small entities making margins off rounding errors. Investing is hard because unless you’re doing very well, there aren’t many opportunities for job mobility; a fund hires you to manage a fixed portfolio, and if you’re not delivering the returns, you’ll be out of a job very quickly. You can always try being a trader or an analyst at a very large bank, but it’s unlikely to be much fun.
To start, studying finance will equip you with valuable lifelong skills that are in high demand across most industries and sectors. These include quantitative reasoning, modelling and problem solving skills as well as financial management skills such as budgeting and profitability measures. It also teaches crucial leadership qualities like public speaking (self-confidence is key), networking, teamwork and negotiating. These all give you greater chances of career advancement or job opportunities as well as personal development in a range of industries including banking, law enforcement and engineering to name but a few key fields.”
Finance is a good career path if the person likes working with numbers, gathering data, and using it to come up with strategies for investments. Is it not for everyone? Etc.
The short answer is yes, finance can be a great career path for someone who likes math and enjoys figuring out what numbers mean in terms of finances. The key word here is “can.” It’s possible; however, that would also depend on how much somebody has interest in mathematics and reading financial statements (or actually performing the act). In these situations money often becomes more than an abstract idea and instead becomes something concrete that one can understand without having to think too hard about other variables outside of the equation at hand.
You should ask yourself the following questions before making a decision:
Do you enjoy working and analyzing numbers?
Do you like competing with your self or other people for promotions or success on short-term goals?
Is this profession a good fit for your strengths, weaknesses, and personality traits?
What skills (marketing and sales techniques, public speaking) will help me get ahead in this career field?
Can I handle stress effectively so that it doesn’t affect my physical health? I know that finance is one of those careers where there are plenty of opportunities to prove your worth. There’s more than enough work out there. The only concern would be if you wanted to start at the bottom and work your way up. The bottom is pretty much entry level and it’ll take a lot of patience and time before you can run with the big dogs.
Yes, it is a great career to pursue because the job market is becoming more and more competitive.
It’s important to take into account how many people are pursuing this career. Jobs in finance has different requirements for each individual so once you analyze your qualifications you can make an informed decision on whether or not the risk will pay off with growth.
For example, if there is less competition in target field that hasn’t been oversaturated with degrees, then the likelihood of success should increase as well as the chances for advancement due to lack of experience from other candidates in competition. More opportunities and advancements mean better future prospects for workers looking to be promoted or hired at all levels of experience (entry level being lower) which may result in greater pay overtime.
Finance is a career that needs to be thoroughly researched before taking the plunge. Some of you may be looking at this with negative connotations because of the Great Recession. The main reason why this occurred was not exclusively due to finance workers, but the way the industry is structured and regulated. So, don’t panic it’s not the end of the world if you’ve decided to pursue finance.
Financial professionals are highly recruited by industry, government agencies, and other corporations. Frequently the finance and economics sectors rank among the highest-paying professions in both a country’s public and private sector. The portion of workers employed in financial occupations has increased significantly over the past century. In 1900 there were less than 5,000 people in America who could be classified as financial professionals; this figure was only about 12% of what it is today with over 1 million finance professionals!
The question of why a career in finance or economics would be beneficial to someone hinges on what they want to do with their lives. If one prefers to make loans at interest rates or match up borrowers and lenders for profitable investments, then staying in school for several more years to learn finance or economics makes sense.
It’s a challenging career path that offers engaging problems to work on. Most people who study finance report high levels of job satisfaction. They want to know what the underlying patterns are in global financial markets and the factors that influence prices of various financial assets (such as stocks, bonds, or currencies).
For many people, the thrill is not so much in solving puzzles and using quantitative tools for analysis when some else will put them into action, but rather feeling like they have insight and intuition about how markets work. That being said, there are many avenues within finance with different paths to take such as corporate strategy and business development that might be more appealing than risk management or market makingin trading desks. Overall it’s a fun field if you like to interact with people and like thinking dynamically about how prices of assets will change given different events.
That is very much dependent on the person.
One could say, “Its not a good career for you.”
Or one could say, “It can e.g be a good career path” or “Only if you know what you are getting yourself into.”
Reasons to enter finance: Job security, stability and flexibility due to fluctuating work hours and schedules that are later in life than most other professions. The ability to control your own schedule so time off for vacation or operation is not an issue while maintaining your salary. Flexibility with taking care of children as it will not affect significant income loss (can even provide money from home.) A higher than average salary in comparison to other careers of similar duration.
Heavy workload, long hours and high pressure are the reasons to avoid finance.