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Friday, December 14, 2012

Sought-after jobs in finance

By Waldo Lavon

The world of finance provides some positions that are very rewarding to individuals, both in terms of compensation and in life fulfillment. Of course, different workers have varying personalities that can impact exactly which jobs would appeal to them. This article will detail some of the more sought-after finance jobs and the types of individuals that these jobs would appeal to.

Finance jobs can vary between investing/trading careers, accounting jobs that provide back-office assistance, and banking jobs. Since the repeal of the Glass-Stegal Act, banks have been able to diversify into investment banking which has required them to hire individuals with varying backgrounds including banking and investment banking. As a result of this, the job hirer has changed from a more boutique setting in previous years.

Many finance jobs involve managing money accumulated by investors and assisting them in selecting investments. These jobs involve locating capital, investing capital, and monitoring results.

Generally speaking, higher salaries are provided to those who can attract large amounts of capital. For attracting capital, many people oriented sales skills are necessary. These lucrative jobs are desirable for their close connections with people and the ability to earn significant amounts of compensation for the job.

Higher compensation is also given to those who can consistently outperform the market and earn outsized returns. These jobs involve reviewing financial reports, tracking the market, and selecting investments that appear attractive based upon current stock prices. These jobs are sought after for the compensation potential but also for those who have analytical minds that enjoy analyzing and investing in the stock market.

Accounting jobs are also attractive for some in the finance industry. These accounting jobs involve tracking fiscal results and developing financial statements to present to management and to investors regarding how these funds are doing. These jobs appeal to those who enjoy preparing and analyzing data, but who do not generally enjoy being in the forefront with significant interactions with customers.

Banking jobs, on the other hand, typically involve developing long-term relationships with clients and providing their banking needs for a long-term period. These jobs are sought after for the relationship you develop with clients and for the role you play in helping to develop their business.

There are many highly sought after jobs in the finance world that can appeal to jobseekers. Determine what role you want to play in capital markets and locate a job that appeals to your personality.


About the author: Waldo Lavon writes career guidance for those seeking marketing jobs or jobs in finance. He recently wrote an article on sales jobs.

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