- Are you keen on communicating and negotiating?
- Do you find solace in planning and organizing large bits of information?
- Do you like to study?
If your answer to those questions is yes, this is your sign to pursue a career in finance.
A study finds that employment in the department of finance will rise significantly in the coming years.
Read on to learn five reasons this sector is the one for you.
1. Dynamic Industry
The world of finance is fast-paced. Ever since the COVID-19 pandemic hit, the world has gone through some significant financial crises.
The ever-changing consumer behavior calls for continuous updating.
Professions in this field have to constantly come up with new ideas and solutions and have to stay up to date with the most recent technologies available in the market and the latest trends like sustainability.
New, unpredictable challenges keep arising in this industry, and you need to always discover fresh approaches.
2. Financial Stability
This industry is heavily regulated. With constant supervision and support from the State, financial stability is almost always guaranteed.
As there’s high demand for financial professionals, the pay matches the demand. Companies may offer competitive salaries as a result of this strong demand.
Moreover, this industry is capable of withstanding economic recession. Since finance is the root of every other working sector, even fresh recruits are offered very handsome salaries.
On top of this, employees may also earn additional benefits, bonuses, and pay raises.
3. Multinational Presence
There’s high demand for financial services worldwide.
Working in finance can be complex, so companies need experts in the fields of risk management, financial planning and advising, market research, income tax, financial auditing, accounting, and many more.
You would have the opportunity to start and continue your journey in finance in any corner of the world.
Sometimes even within organizations, there lie prospects for job transfers. This is a chance to gain unique life experiences.
It doesn’t matter what your specialization is, there will always be a need for financial professionals.
4. Career Growth and Advancement
A career in finance presents many opportunities to climb up the corporate ladder.
Your position in a company depends on the level of formal education you have, the skills you learn, and the abilities you inherit.
Since it has been established that finance is a dynamic field and there’s always scope for improvement, you grow professionally every day.
It’s not realistic for a person to be well-rounded with no effort.
When you’re in college, you learn to adopt the skills required for a career in finance. Take a look at these practical tips for college students that will encourage you to perform well in academics and accomplish your goals.
5. Job Security
All the reasons mentioned above contribute to this final one.
Most businesses cannot function without a finance department. In this context, finance is a smarter and safer career option to have because even in times of economic recession, financial experts won’t be out of a job.
The steady demand for highly skilled and well-trained professionals guarantees job security for finance experts. All you need to do is keep your knowledge updated and opt for ongoing education and training programs in finance.
Although, it’s still crucial to understand that there are personal factors that contribute to job security, such as individual performance, company policies, and the socioeconomic environment.
Conclusion
Working in finance comes with a certain level of flexibility and agility in the economy. But finance is a highly competitive sector. It’s wise to be well-versed in the pros and cons of working in this industry.
If the idea of competition excites you and if you’re truly passionate about numbers and problem-solving, your time will surely be well invested in this career.
