Essay On Finance Careers
It is undeniable that finance is an exciting field with job opportunities in different careers spread across governments, businesses, institutions, and individuals. The different careers involve different roles, and there are many financial career options to choose from. In this paper, I will describe the Investment Banking and Corporate Finance careers.
Investment banking jobs involve facilitating the issuance of corporate securities and ensuring that they are available to investors as well as providing the much needed financial advice to corporations and individual investors (CareerOverview.com, 2016). Investment bankers spend most of their time helping clients address critical financial as well as strategic challenges. An investor banker works in close collaboration with clients at the senior levels and runs transaction while liaising with lawyers, accountants, financial experts as well as regulatory bodies.
Value to a company
One of the most valuable roles of investment bankers is advising which helps a company to make smart, informed decision. Also, investment bankers help the company by collating and analyzing systems data thereby pinpointing ways through which the systems can be improved or developed. Importantly, they help in maximizing efficiency and profitability.
Other than academic qualifications, some of the most important skills for investment bankers include time management skills, multitasking skills, being an analytical thinker and being comfortable with numbers (CareerOverview.com, 2016). Importantly, an investment banker ought to have strong interpersonal and communication skill to be able to work with clients as well as team members successfully. Time management and teamwork skills are also important for investment bankers.
The corporate finance career involves activities, techniques and decisions revolving around different aspects of the finances and capital of a company (CareerOverview.com, 2016). A corporate financier is responsible for identifying as well as securing merger, privatization and acquisition deals while still managing as well as investing huge amounts of money. Also, corporate financiers buy and sell financial products for their clients. Potential employers include retail, commercial, corporate and global investment banks, private equity fund institutions and corporate finance sections of an accounting firm.
Value to a company
Corporate finance professionals are valuable to a company as they act as advisors on how to meet targets as well as create investment capital (CareerOverview.com, 2016). Also, corporate financiers are important because they help generate finance for the company. Importantly, they assess complicated numerical data and predict financial risks and returns. As such, they help the management make smart and opportune decisions as they provide insights about the financial status of a company and these can be used in strategic planning.
Other than academic qualifications, corporate financiers need to have analytical, team working, networking, and problem-solving as well as effective communication skills (CareerOverview.com, 2016). Also, they need to be motivated, ambitious, and determined.
Between investment banking and corporate finance, the career I would recommend to someone would be investment banking. One of the most attractive features of being an investment banker is that the pay is very good. Also, investment bankers get to enjoy a generous benefits package and additional incentives. To add to that, most firms dealing with investment banking have the friendliest working environment. Furthermore, the career path from initial employment position to an associate investment-bank may take around three years.
CareerOverview.com,. (2016). Finance Careers, Jobs, Training and Employment Information – CareerOverview.com. CareerOverview.com. Retrieved 5 November 2016, from http://www.careeroverview.com/finance-careers.html