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Finance Careers
Information presented is from http://www.careers-in-finance.com
Careers in FinanceCorporate Finance Commercial BankingFinancial Planning Insurance Investment Banking Money Management Real Estate
Corporate FinanceWork for a company to help it
find money to run the businessGrow the businessMake acquisitionsPlan for firm’s financial futureManage any cash on hand.
Corporate Finance Careers
Financial Analyst Credit Manager Cash ManagerTreasurerBenefits OfficerControllerInvestor Relations Officers
Corporate Finance Salaries
Job Title Salary Rookie Financial Analyst - Smaller Firm $23k-
27K Rookie Financial Analyst - Large Firm$26-31K Seasoned Financial Analyst - Smaller Firm$33-39K Seasoned Financial Analyst - Large Firm $38-47K
Credit Manager $30-63K Tax Manager $57-105K Assistant/Divisional Treasurer $40-78K Chief Financial Officer Big firm 232-295K
Small firm 80-120K
Commercial BankingProvides banking services to
individuals, small businesses and large organizations.
More people are employed in the commercial banking sector than any other part of the financial services industry.
Commercial BankingOpportunities to learn about
business, interact with people, and build up a clientele.
In commercial banking, starting at the branch level, you might start out as a teller to a wide variety of other services such as leasing, credit card banking, international finance and trade credit.
Commercial BankingCredit Analyst Loan Officer Branch Manager Trust Officer Mortgage Banker
Commercial BankingJob Level Salary Degree/Exp
Trainee/cr analyst $27,000 Bachelor’s Jr Loan Officer $38,000 BA + 3 Years Loan Officer $60,000 BA + 5-7
years Sr Corp Loan Off $65,000 BA +10 years Dept Mngr $100,000 BA +10 yrs more
Investment BankersHelp companies & governments
issue securitiesHelp investors purchase
securities, manage financial assets, trade securities.
Provide financial advice
Investment BankingMergers and Acquisitions Project Finance Trading SecuritiesDerivatives
INVESTMENT BANKING SKILLS
Key Skill Area Requirement People skills: High Sales skills: Medium Communication skills: High Analytical skills: High Ability to synthesize: High Creative ability: High Initiative: Medium Work hours: 50-120/week
Investment Banking Facts Hard Work Expected and Respected Analyst Jobs Are the Best Entry Point Math Skills Can Help Communication and Completion Abilities
Key Teamwork Crucial Scientists and Lawyers Wanted Contacts are Everything Accounting Skills Valuable
Investment Banking Facts The investment banking business is notoriously
competitive. Investment banking is seeing massive
consolidation. Investment banking is one of the most global
businesses on earth. Pick the first firm you work for carefully. A good time to send your resume to an
investment bank is in November and December. Don't forget to check back
Financial Planners Help individuals plan their financial futures.
How are you going to cover your retirement needs?
What do you have to do today to put your children through college?
Requires excellent interpersonal skills. A good financial planner understands
investments, taxes, estate planning issues and knows how to listen. Increasingly, it pays to obtain the Certified Financial Planner (CFP) designation.
Financial Planning The median salary for financial
planners was $55,100 in a recent survey.
The salary distribution in this business is highly skewed.
90th percentile salary in financial planning was in excess of $150,000
Financial Planning Facts/Trends
Financial planning is hot and high growth is expected.
CFP Can Help as a Financial Planner High Net Worth Individuals are a Key
Target Get Involved in local chapters of
financial planner organizations
Financial Planning Skills Key Skill Area Requirement People skills: High Sales skills: Medium Communication skills: High Analytical skills: Medium Ability to synthesize: High Creative ability: Medium Initiative: Medium Work hours: 25-65/week
INSURANCEDetermining who to insure, what
risks are acceptable, and how much to charge for insurance.
Insurance Jobs Actuary Agent and Broker Claims Adjuster Service Representatives Loss Control Specialist Risk Manager Underwriter
Insurance Career Typical Salary Actuary $28,300-65,500
Agent/Broker $14,900-58,700 Claims Adjuster $24,500-42,000
Underwriter $25,000-61,000
Money Management Money managers hold stocks and
bonds for institutional clients and are on the buy side of Wall Street.
Analyze market trends. Some money managers use the
latest sophisticated quantitative techniques while others do very well using simple intuition.
Money Management Jobs
Portfolio ManagerPortfolio Management
Marketing Investment Advisory Mutual Fund Analyst Hedge Fund Trader
Money Management Skills
Key Skill Area RequirementPeople skills :MediumSales skills :MediumCommunication skills :MediumAnalytical skills :HighAbility to synthesize :HighCreative ability :MediumInitiative :MediumWork hours :55-75/week
Money Management Facts
Work on the other side of the fence from the investment banks. (the Buy side)
Broad Understanding of Business Crucial. Must be Able to Take Risk You have to Hang in There.Have a Strategy to Break Into BusinessMore Humane than Investment Banking
Money Management Salaries Starting analyst positions for
undergraduates at leading mutual funds, pension funds, and bank trust departments have salaries in the neighborhood of $30,000 to $50,000.
Equity portfolio managers $60,000-150,000
Real Estate Residential Real Estate Agent/Broker Commercial Real Estate Sales Real Estate Appraisal Property Management Real Estate Advisory Real Estate Entrepreneur Development and Construction
Real Estate JobsNone require a degree; however,
all require that you be licensed and that you have continuing education each year.
Real Estate SalariesVary depending on type of job. Typical real estate agent in a small
firm can make about $60,000 gross if he/she works about 35 hours per week.
Since most are sales types of jobs, upside potential is unlimited.