What are the best Career Options for Finance professionals?

Finance is a rapidly growing industry, and many career opportunities in the field have led to more people maneuvering towards a career in finance. A bachelor’s degree in finance can help you gain industry-relevant skills in the modern global business scenario.

While most professionals have a graduate degree in finance, earning a post-graduate degree can help you take on a more senior position while offering you an edge over your competitors. One of the most popular master’s courses in this field is an MSc in Finance and Investment. This degree can allow one to focus on one specific area that can grant access to a plethora of career opportunities. 

The finance industry is booming, with lucrative job opportunities for skilled and qualified professionals. There is a high demand for professionals who excel in their field of work and offers a high compensation, making it a remunerative career choice.

Here are the ten best career options that a finance professional can choose from:

Financial Analyst: Financial Analysts are professionals who collect and analyse financial data and create financial models for effective decision-making. They also study the market forecast based on financial analysis. The annual average salary of a financial analyst is €48,188.

Insurance Specialist: An investment specialist is a professional who decodes complex insurance laws and policies. They act as an advisor for insurance eligibility and coverage issues while ensuring compliance with government rules and regulations. 

Portfolio Manager: Portfolio managers are mainly responsible for managing investment allocations for clients, and they also determine clients’ risk levels depending on their risk preferences and market situation. 

Financial Advisor: Financial Advisors are professionals who advise clients on issues such as taxes, insurance, mortgage, investment, and estate planning. They offer their expertise to clients looking to allocate their finances wisely.

Finance Manager: Financial managers monitor accounts, review financial reports of business organisations, make the financial forecast, and prepare activity reports. Moreover, these professionals can also analyse market trends and look for potential business opportunities to increase profit and promote business growth. 

Investment Manager: An investment manager is a professional responsible for making an investment decision on behalf of clients. They can handle end-to-end activities associated with the management of client portfolios, ranging from buying and selling securities to portfolio monitoring, performance management, and client reporting. Investment managers are highly compensated. In Germany, the annual average salary of investment managers is €67,500. 

Accountant: The job role of an accountant is to compile and analyse account information to prepare assets, capital, and liability. They perform core accounting functions such as auditing, account analysis, and financial statement analysis. 

Actuary: Actuaries are finance professionals who use mathematics, statistics, and financial theories to assess the risk of potential events while helping businesses and clients develop policies to minimise risk costs. The salary potential of actuaries is around €66,232. 

Finance has become an increasingly popular career choice as it offers a host of lucrative job opportunities with high compensation. However, breaking into the world of finance isn’t easy. Hence, earning a master’s degree in finance and investment can lead to lucrative career paths.