Is Finance a good career choice?

Last Updated: 26-May-2021

Short Answer

Finance is one of the excellent career choices as it as a pool of options available for the candidates and requires different skillset and training. Aspirants can study well and decide where they fit the best.

Detailed Answer

Introduction to finance:

  1. Finance basically stands for the management of monetary actions and activities such as investing, borrowing, lending, earning, etc.
  1. This has various segregations such as personal finance, public finance, financial technology, corporate finance, investment finance, etc.
  1. Finance is what defines the economy of the country and has a huge impact in everyone’s lives.
  1. Finance is not a skill that only deals with corporate understanding, but it also plays a huge role in everyday life of an individual.
  1. All the essential and primary information of finance is based on macroeconomics and microeconomics.
  1. It does not necessarily mean management of money but also its creation, services provided and other investment plans.

Why Finance?

Finance is one of the most diverse and a challenging course. It is a quite assuring in nature and also has various career options for individuals to decide on.

The industry of Finance is comprised of various sectors and also drives the economy of the countries which makes it needy of promising candidates who are ready to assure and give the best of themselves.

It is one of the best career choices and here the reasons on why should an individual opt for Finance as a career choice:

• Various opportunities

Finance is one of the most diverse fields and its job pool is increasing like no other in the world. It provides varied opportunities in various segregations of finance. There are several specializations available, and individuals have a lot of options when it comes to deciding which career option they would like to work into.

Positions in or as insurance, risk analyst, stock market, investments, Financial analyst- they are all so different and requires different skill sets. Hence, it is all about the individual who needs to identify in which sector do he/she fit perfectly.

• Challenging and fast paced work scenario

As finance is something which has an impact in the economy of the country- it is very natural that it is going to be challenging. This is a very fast paced industry, and it is essential for the workers to understand and work for it accordingly by being updated with all the technology and the financial news. It requires an individual to be persistent, hardworking, knowledgeable to be fruitful and positive.

It takes time for the early birds to grow, understand and cope-up with the work scenario but once he/she does it helps them to prosper better.

• High earning capacity

As finance is a quite challenging and requires a lot of ability from its candidates, it is evident that it has high earning potential. Almost all the jobs in the financial sector pays quite well and some even cover insurances, vacations, memberships, and other perks. Companies even award its employees with bonuses to reward them for their excelling work.

By this, it is quite understood that if an individual works harder then he/she will be quite successful in monetary terms.

• Work-life balance

Usually, all the financial aspirants or professionals have quite flexible schedule or work independently in the company. Some even have their hours fixed so as to maintain their personal and professional life properly.

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