Occupations in finance can be highly lucrative, which explains why they’re in such great demand. Understandably, diving into the finance world comes with its challenges. Such roles aren’t ones you can obtain without qualifications. At a minimum, most finance jobs require a four-year degree. However, once you’ve got your credentials and are ready to embark in this sector, there are plenty of roles to take a look at.

Here we will explore some of the popular career paths for anyone interested in finance and what you can expect to do on a day-to-day basis.

Accountant or Auditor

Accountants and auditors are responsible for examining, analyzing, organizing, interpreting, and maintaining financial records to prepare tax statements or financial statements. They also look at routes for reducing costs or increasing profits. Other duties may include advising on business decisions and making sure businesses and individuals are compliant with tax codes.

Those going into accounting may have a dream of securing a job with one of the big giants like KMPG, Ernst & Young, or Deloitte. However, you don’t always have to opt for the big banks and financial institutions. Accountants are always in demand, especially as every industry needs them! You can work as an accountant or auditor in government positions. Alternatively, you can work for a financial business, university, or other organization.

Brokers and Traders

Brokers and traders are known for buying and selling securities such as bonds, stocks, and other funds. However, while trades normally purchase or sell based on the wishes of a manager, brokers are responsible directly to the investor and may work alone or for a brokerage or security firm. They’re also in charge of growing their own client list.

If you’re interested in becoming a trader, there are numerous tools you need to use, like an economic calendar. These are used to plan trades and portfolio reallocations, as well as being alert for chart indicators and patterns that may be affected or caused by these events. You can use Trading View’s economic calendar. They have a platform where traders and investors can connect to share ideas and discuss the market.

Credit Analyst

As the name suggests, a credit analyst is responsible for analyzing the financial and credit data, as well as the history of businesses and individuals to establish the degree of risk involved in lending them cash or extending them credit. Credit analysts finalize loan applications or analyze financial data like income growth to work out the potential profitability of a loan. This role involves predominantly working for a bank or credit card company.

To succeed as a credit analyst, there are several transferable skills you will need to possess. These include being able to make quick decisions, critical thinking, and excellent communication skills. Credit analysts will need a bachelor’s degree in accounting, finance, or a related field.

Financial Analyst

For anyone venturing into the finance world for the first time, many people opt to become a financial analyst. Depending on where you work, you may provide guidance to companies who are making investment decisions. Financial analysts can also assist in assessing the performance of bonds, stocks, and other investments. Most financial analysts are in charge of reporting their findings to others. You will likely work for a large financial institution.

To work as a financial analyst, you must have excellent analytical, math, and communication skills. There is the option to pursue an internship to help you land an entry-level position too. There are plenty of financial institutions who offer financial analyst programs for new graduates. You can embark on one to learn the ins and outs of the role and get the qualifications you require.

Personal Finance Advisors and Planners

Personal financial advisors and planners help individuals with financial goals. This could include providing advice on investments, picking investments on their behalf, or being in control of their portfolios. Personal finance advisors and planners help monitor finances too. While these roles are normally in bank environments, there is the opportunity to work on a self-employed basis too.

A financial planner normally has long continuing relationships with their clients, whereas a financial advisor may only provide advice to a client once or for a short period. Whichever of the two roles you’re interested in, aside from the qualifications, it’s essential you’ve got investment knowledge, analytical skills, and excellent attention to detail. Financial planners in particular must have an entrepreneurial way of thinking.

Working in the financial sector can be a profitable and exciting career choice. There are countless roles you can fill in this industry. However, the occupation you dream of going into will all depend on your skill set and experience. Once you’ve earned your grades and got the marks, you can soon dive into a finance role that boasts a healthy salary and job security.