If you are looking for a job in finance, there’s a good chance that you would be successful with hardwork and skill. However, it has become quite difficult to get a good job in finance these days. Most of the companies are picky about hiring people. In fact, they even prefer hiring seasoned individuals instead of using new grads. Similarly, they may hire a new grad and pay him less instead of hiring someone who has years of experience in finance. Some of the finance jobs that hold a bright future include compliance professionals, financial analysts, forensic accountants, senior public accountants and legal professionals. Let us discuss all these areas in detail.
Job in Finance Sector Are as Mentioned Below
– Different Types of Accountants
Primarily, there are four different types of accountants.
public Accountants – They work for public accounting companies and manage taxes, auditing and consulting duties. They also run their own independent firms.
Management Accountants – They keep track of expenditure and debts created by a business organization.
Internal auditors – They make sure every financial decision complies with rules and regulations. Basically, they try to detect embezzlement and fraud.
Government Accountants – They make sure Government records are accurate.
Public Accountant – Best Job in Finance
Public accountants are always high in demand. Just like every year, public accounting firms are upgrading staff and creating various openings for high-level accounting jobs. As mentioned earlier, public accountants manage compliance with rules & regulations, payment of taxes on time, preparing tax returns, examining financial statements, computing taxes, inspecting account books and evaluating the efficiency of an accounting system. They also suggest ways to reduce costs and make the most of investments. If you are looking for a job in finance, working as a public accountant may present a bright future. It is believed that the number of accountants and auditors will increase by 16% in the next five years. This is great news for all aspiring accountants.
Financial Analysts Help Make Sound Investments
Financial analysts help a business organization with investment decisions. They recommend collection of investments, evaluating historical and current data, studying an organization’s financial statements, studying business and economic trends, analyzing costs, commodity prices, expenses, sales and tax rates. This allows a financial analyst to anticipate an organization’s future earnings. Financial analysts meet regularly with high-level officials to discuss prospects and business opportunities. They also need to guide investors and keep them informed about growth. This one can be a lucrative job. However, you will need to work hard and make sure you are the best in the business.
Forensic Accountants Help Cover Damages
The basic purpose of a forensic accountant is to find economical damages, look for their causes and try to rectify them. They are more concerned about areas like bankruptcy, breaches of warranties, insolvency, securities fraud, reorganization, business valuation and so on. If you want a bright future in this job in finance, you need to specialize in forensic analytics. This will help you analyze electronic data to detect, reconstruct and support a claim for financial fraud.
These were some of the jobs which have a bright future in finance. However, you need to understand that you will have to work hard, and follow all kinds of rules and regulations once you find a job in finance.