Careers in Finance – Description of two financial careers
A person with an education in finance can work an investment banker or a managing consultant. An investment banker work in a financial institution by the provision of underwritings (Brooks, 2019). Investment bankers play a major role in assisting governments and companies in obtaining financing. They act as their client’s advisors. They help particularly in price capital, allocation of resources and managing of investments. Principally, it is an essential division of banking that helps peoples and organizations in raising capital as well as information about finances (Brooks, 2019). Investment bankers are intermediaries between the issues of security and the people who are seeking to make investments. They primarily help in publicizing new firms (Minisky, 2016).
Secondly, a professional of finance may also act as a managing consultant. As a managing consultant, he deals with helping the organization in the solution of issues, creating value, maximizing the growth and improving business presentation (Brooks, 2019). Majorly, they use the skills of business in the provision of advice of objectives as well as skills. They also help an organization in the development and provision of skills that are relevant (Minisky, 2016). Management consultants should necessarily become complete studies in any field of finance. Course work in this field should necessarily be communication, statistics, ethics, project management, leadership, and accounting (Brooks, 2019). Fields in finance include accounting, finance, business, marketing, management, and various others.
Investment banking should be a professional of analytical thinking, innovation, communication, resilience, leadership and experience, international outlook, confidence with numbers among others.he should have skills of strong numerical as well analysis skills. In addition, he should be an excellent leader as well as familiar with teamwork (Brooks, 2019). An excellent banker should have the ability to manage time and also the capability to manage the project. He should also be dedicated, committed and be ready to spend energy in his field. He should also have self-confidence and be capable of making decisions on his own (Gitman, et al 2015).
On the other hand, an investment manager should be a professional and have the capability of managing time, determined and confident. He should also be self-motivated and be able to work effectively and under pressure. He should be able to solve the problems of IT and good numerical analyzer (Brooks, 2019). In addition, he should be capable of working as a team in cooperation with other colleagues and staff members. An investment manager should acquire skills in managing the portfolios of an institution (Gitman, et al 2015). In addition, he should have skills providing services of direct investment management especially to the clients of the third party. The investment manager refers to individuals who are capable of helping in the decisions of direct investments management.
Investments manager has high chances of being employed. In addition to this, there are many advantages that are associated with this profession. An investment manager offers provides solutions to various types of investors. It is not depended on the amount of capital investment or the level of risks investment. An investment manager helps people to decide better decisions of investment and thus, they provide themselves chances extra money. Extra money acts as benefits and therefore, they end up leading higher standards of life (Gitman, et al 2015). Investment manager helps in the management of assets of the company or any organization that he is attached to. The reason is that he uses a systemized approach (Brooks, 2019). By systematically managing effectively, he improves productivity as well as the efficiency which is capable of placing business in an ideal position.
Brooks, C. (2019). Introductory econometrics for finance. Cambridge university press.
Gitman, L. J., Juchau, R., & Flanagan, J. (2015). Principles of managerial finance. Pearson Higher Education AU.
Minsky, H. (2016). Can it happen again?: Essays on instability and finance. Routledge.