Careers In Finance

The finance industry is concerned with how individuals and institutions handle their financial resources — how they raise their money, where they allocate it and how they use it — and assesses the risks involved in these activities as well as recommends ways to manage these risks.

There are a number of exciting and rewarding jobs in the field of finance. What follows are just a few examples.

The commercial banking sector employs more people than any other facet of the financial services industry. Banks offer individuals the opportunity to interact with a broad spectrum of people and the chance to develop a clientele. People in banking usually start out as tellers and shift to other bank services such as leasing, credit card banking, trade credit and international finance.

As the name indicates, a career in corporate finance means you will work in a corporation and are mainly concerned with sourcing money for the company — money that will be used to develop the business, make acquisitions and ensure the company’s future. In a corporation, you are likely to start as a financial officer.

As a financial planner, you may also work for a corporation but will mainly be concerned with only one aspect of finances — planning for the future. You have to have a firm grasp of investments, estate planning as well as taxes. Or you may serve as a consultant who provides financial planning for individuals, e.g., planning their retirement needs or how they can put their kids through college.

With annual revenues surpassing the trillion-dollar mark, the insurance industry looms as one of the most attractive areas for a career in finance. In 2005, there were an estimated 2.5 million people in the US who were employed in the insurance field, which is mainly considered with the business of managing risk and anticipating problem areas. Possible jobs in insurance include working as an underwriter, sales representative, customer service rep, asset manager or an actuary.

A career in investment banking means you will be concerned with issuing securing and helping investors buy, manage or trade financial assets. As a bonus, you get the chance to work on Wall Street in a leading investment banks such as Merrill Lynch, Salomon Smith Barney, Morgan Stanley Dean Witter and Goldman Sachs.

Career Opportunities In Accounting & Finance

Career opportunities in accounting and finance are endless. This is because when you have either a CA or CPA license with you, it is possible for you to work for a large firm that has offices both here and abroad. Given that every company needs ones, it will not be that hard to find a job.

Some of things that you can get into include actuaries, auditing, banking, chartered accounting, corporate finance, corporate recovery, stock broking and taxation management.

One report shows that employments prospects for these professionals is quite high over the past 5 years and this is expected to continue until after 2010. You will also be handsomely rewarded with a good salary but long hours come with the territory especially when companies and individuals have to file their income taxes and towards the end of the financial year.

Just to give you an idea, newly grades who work in banks earn from $35,000 to $50,000 annually while financial managers earn almost double that amount. Professionals who soon become partners for the bigger firms earn more than $100,000.

But in order for you to get a higher position, you will also need to go back to school. Most financial experts pursue an MBA after a few years in the corporate world. While some return to their employers, others apply elsewhere.

Before you can see yourself up there, you have to work from the bottom going up. While some decide to make it big in Wall Street, you too can also succeed wherever you decide to apply.

The first thing to do is conduct some research. This will make you understand how things work and how news in business affects the industry, the country and the world as a whole.

If you want to get the job, aside from being knowledgeable, you need to have connections that are already there so you are given the position instead of someone else. This means building your network from school and then using it to your advantage.

Associating yourself with those who have done well may give you pointers so you too can be just as successful as them.

But you shouldn’t wait until graduate before you start looking at the various career opportunities in accounting and finance. The best way to get your foot in the door is to apply for a summer position or an internship because most companies hire those who have worked with them for a short period of time compared to those that sent in their resumes. Believe me; you already have an edge right there as you already have an idea about the internal workings of the company.

Just in case the company you worked for does not have an opening right now, you should prepare your resume and yourself for interviews with other companies that do similar activities with what you used to do during your internship.

The average professional who works in either accounting or finance leaves after 2 years. They may apply for reassignment to another department or find employment doing something else. When this happens, there are job openings around for fresh graduates as well as those who already have experience in this industry. Indeed, there are career opportunities in accounting and finance. You just have to build your network and get it.

About An Actuarial Science Career And Study Center In India

Actuarial Science applies mathematical and statistical methods to finance and insurance, mainly to risk assessment. It includes a number of interrelating disciplines, including probability and statistics, finance, and economics. Actuarial Science is a way of tackling the operational issues which financial business face, mainly where there are significant financial uncertainties in running the business.

Actuary is a business professional who analyzes the financial consequences of risk. A career as Actuary is better described as a “business” career with a mathematical basis than as a “technical”.

Actuarial Science study starts with mathematical and economic techniques, which makes the base of actuarial science. Gradually students get deeper understanding of applying the techniques and developing more possible detail at subjects in investment, insurance companies, and funds.

Trumpandgates, have highly trained professional whose training help students to achieve better score in actuarial exams and make them analytic, business-aware individual who becomes highly trained to fulfill responsible, senior, and well-respected position in an organization.

Students in the India are able to choose from different options when studying actuarial science. One by being sponsored by an employer and study by correspondence through the set of professional exams or one can join regular course. Proper understanding and appreciation for mathematics and its applications is the need to pursue a career as an Actuary.Ideas from economics are also becoming increasingly influential in actuarial thinking. In short Actuarial Science can be described as ‘Making financial sense of the future.’

Reason for choosing Actuarial Profession.

1. Globally recognized & world wide affiliated course.

2. Zero Unemployment Profession.

3. Wide applications of actuarial science in different fields including professional practices.

4. Cost of study is low.

5. Earn while you learn & No visa hurdles.

6. No GMAT / GRE / SAT & No Entrance exam.

7. Privatization of insurance industry & starting of public pension schemes will be requiring sizable numbers of semi-qualified & qualified professionals in near future.

8. Highly paid profession, starting salary in India Rs. 8 lacs p.a. & Rs. 30 to 35 lacs abroad.

9. As soon as the student completes a few papers of 100 series, he/she can be an Actuarial Trainee and expect a stipend of Rs. 1,50,000 per month in UK and Rs. 25,000 in India.
An actuarial career can offer you considerable rewards in terms of intellectual challenge, professional status, job satisfaction and high earnings.

Trump & gates is leading study center for Actuarial Science because it provides:

-Highly Educated & Experienced Faculty.

-Structured study material and class notes.

-Coaching for all subjects with regular mentoring.

-Statistical software CDS and better study materials.

-Highly trained Actuarial Science Teaching.

-Low fee & easy payment plans.

-Limited batch size & individual attention.

-projector based teaching.

-Assistance in placement.

Conclusion:

Actuarial science professional is rewarded with a great salary, senior level position in organization and lives in good lifestyle. Trumps and Gates is the leading institute for Actuarial science Study.