There are many possibilities for pursuing career in the financial market. For this reason, this area is one of the most targeted by young university students who will soon seek a place in the professional market.
With a background in courses such as Economics, Accounting, Administration, Engineering, or even Physics and Mathematics, it is possible to work in the financial area and build a successful career. The career can take off with public or private organizations, analyzing credits, investments, audits or other relevant activities to this world.
Those who already work in the area probably realize that new possibilities for action arise from time to time. So it is fundamental to know them to expand their presence within this market. We list the 7 major careers in the financial market.
- Compliance Manager
The word “compliance” is gaining more and more space within organizations as it is deeply related to business sustainability. This term is used to refer to the professional activity that supervises the financial processes of a company.
Thus, the compliance professional verifies that all institutional rules are respected by the employees. All this helps to reduce possible cases of fraud or even corruption. This also helps with the company’s reputation in the market.
Those interested in working in this area should prepare themselves with training in the field of administration. After all the main opportunities for action are in private companies.
- Credit Analyst
It is a profession that always has demand in the market. Credit is one of the most well-established forms of economic transaction in society. The main function of the credit analyst is to collect and analyze economic and financial information of individuals and companies interested in obtaining a credit line.
The analysis is always based on the standards and norms followed by the financing companies. Training in business administration or economics greatly helps the professional to acquire the necessary knowledge for the job.
- Investment Analyst
As the name says, this professional is focused on analytics to guide their clients (or the company in which they work) to make worthwhile financial investments. The investment analyst can also identify business opportunities by mapping a particular business market.
This position is possible for those who have an interest in investing. The investment could be either autonomously, that is, applying their own money and making personal gains, or hired by a company, negotiating with the institution’s money.
The trader buys and sells stocks and other assets traded on the stock exchanges, but unlike an investment analyst, his goal is to make short-term gains.
The monthly profit of an autonomous trader varies a lot, since this profession depends on their oscillations of actions.
- Financial Analyst
In this position, the professional deals with the financial routine of the company. This includes activities such as: receipt of amounts, tax payments, contracted services or other expenses, cash flow analysis, profit projections, among others.
One of the main objectives of the work is to identify how economic processes can be optimized, according to the company’s interest. This professional is required for matters related to cutting costs, obtaining higher profit, reducing investments and even verifying if new procedures can be adopted by the company.
All this analytical capacity must be allied with a global vision about the operation of a company. The professionals in areas such as Administration, Accounting or Financial Mathematics are often sought to take on this position.
Practically, every company needs a professional that is dedicated to its “financial health.” Thus, a financial analyst can work in a variety of branches: in banks or industries, to educational institutions or NGOs.
- Private Equity Analyst
This is another financial market career that has been growing, and that is especially noticeable by large corporations. Basically, a private equity firm associates and manages other companies, preferably well-established in the market, helping them to increase their gains and market value.
By doing so, the management company is able to profit from the growth of other companies. This is because by selling its part and disassociating, it will achieve a higher return than the initial expense.
A professional who wants to work in this area needs to have strong investment assessment skills, as well as solid financial and accounting knowledge. Because they require this specific knowledge, those graduated in Economics or Accounting have a great chance of success.
- Accounting Analyst
Just like the financial analyst, the accounting analyst is an indispensable figure for the financial maintenance of any company. The professional is responsible for the analysis of expenses and profits.
This professional should organize receipts and vouchers, as well as prepare reports and balance sheets. Moreover, The JD entails monitoring audit processes and ensure that all official taxes and documentation are current in the event of oversight. Therefore, knowledge about tax and tax legislation is required,
In terms of studies, the area of accounting allows limited performance of professionals of technical level, and broader for those who graduate in Accounting or Economics.
It is clear that the world of finance is broad, and especially dynamic. Therefore, the best way to work in the area with competence is to ensure good training and solid knowledge on management and finance, since the career opportunities in the financial market are diverse – and well remunerated.