Finance as a Career
Scope and Careers in Finance
The high-paying nature of financial services has made many want to pursue a career in finance. According to a 2022 study by Glassdoor on financial services, it was stated that the average salary of a finance professional was $62,653 per year in the U.S. and N200,000 per month in Nigeria.
Financial institutions which include central banks, retail and commercial banks, internet banks, credit unions, savings, and loans associations, investment banks, investment companies, brokerage firms, insurance companies, and mortgage companies which render financial services to billions of people in the world with the assistance of tech and finance professionals from different areas who understands how finance works.
Examples of careers in Finance include:
- Investment banker.
- Information technology auditor.
- Compliance analyst.
- Financial advisor.
- Insurance advisor.
- Financial analyst.
- Senior accountant.
- Hedge fund manager and many more.
Why Launch a career in Finance
Aside from the fact that the finance industry is the biggest in the world, there are also many other good reasons why you should consider launching a career in finance.
1. High demand for Finance Professionals
Finance is essential to the growth and development of every industry and organization and with the ever-evolving nature of the financial sector, organizations and other industries are looking to hire a large number of finance professionals who will render various financial services.
2. Stable career choice
The average salary of a finance professional is quite stable unlike other careers, and the finance industry has a high hiring volume and endless job opportunities.
3. Multiple Career Paths
By studying finance or launching a career in finance, you will have the freedom to choose from a variety of career paths, whether it’s Retail Banking, Investment, Financial Services, Law, and more. A finance professional can be a financial analyst, accountant and also a financial advisor at the same time.
How to launch a career as a finance professional
The finance industry is a relatively competitive niche to enter, meaning you will need to put in the time and effort to establish a successful financial career. Here are some useful tips that can help launch your career in finance: