Jobs in Finance That Don’t Require You to Work Extreme Hours
Typically, finance careers are considered to be highly stressful and challenging. However, there are some jobs that don?t require you to work extreme hours.
Financial planners create long-term financial plans for individuals and organizations. They use their finance major training to crunch numbers and apply accounting principles to create plans that are ideal for their clients’ needs.
1. Financial Analyst
Financial analysts use their expertise in finance to help companies make wise investment decisions. They rely on data to generate recommendations that guide business leaders and their teams in the right direction, resulting in larger profit margins and reduced financial risk.
Typical duties of a financial analyst include researching a company’s past and present finances to predict future revenue and expenses. They also collect industry research to inform decision making and write financial reports.
Many positions require a bachelor’s degree in accounting, economics, finance or business. The CFA Institute recommends a major that will allow you to focus on specialized areas within the field, such as equity research, investment banking or corporate finance.
While a bachelor’s degree in finance will provide the foundational knowledge needed for this job, pursuing certifications and credentials is also a good way to prove your worth. The FINRA license and the CFA designation are both valuable credentials that can accelerate your career in the field, as can completing on-the-job training or internships.
Interviewers may ask you about your skills when presenting financial data, especially if you’ve previously held a role that required presentations. They want to know how well you prepare, whether your responses are clear and concise and if you’re comfortable speaking in front of people at different levels.
There are several industries that employ financial analysts, including banks, consulting firms, mutual funds and corporations. These positions often come with flexible hours and a good salary. In addition, the job offers opportunities to travel, as some employers require analysts to visit potential investors and investment properties for on-site evaluations.
2. Investment Analyst
Investment Analysts help stock market traders, stockbrokers and fund managers make decisions about investments. They research and analyze global investment data to identify potential opportunities and recommend the best investment strategies. They may also produce reports on specific securities.
Many analysts work in an office environment, but some spend time traveling to companies to visit management and collect information. They often begin as junior analysts and are trained to be lead analysts within a few years.
To work as an investment analyst, you need at least a bachelor?s degree in finance, accounting, economics or statistics. Typically, employers prefer a graduate degree, such as an MBA.
You can find investment analyst jobs at banks, brokerages, insurance carriers and other financial institutions. These organizations often employ junior analysts who start out collecting and updating spreadsheets, and then move into a position focusing on specific stocks and bonds.
The salary for investment analyst positions varies by location and industry. Those working for large, global firms may enjoy high salaries. Those employed by smaller investment management and stockbroking firms will receive lower salaries.
Employment growth is projected to be much faster than average, with a greater need for analysis of offshore financial products and an increasing number of self-managed super funds. This will create an increased demand for investment analyst positions in brokerage and finance firms.
There are a few ways to break into investment banking, but you will have to put in a lot of hard work. Ideally, you should complete multiple internships in your first and second years of college and gain valuable experience before you graduate. Alternatively, you can work in a related-but-not-quite-banking role as a recent graduate and convert that into an offer at a large bank.
3. Financial Advisor
Financial advisors work with their clients to help them achieve their financial goals, including retirement planning and estate planning. They also offer guidance on how to invest their money to maximize the potential for returns.
Unlike robo-advisors, financial advisors provide personalized services to their clients and take into account factors like your income, budget, assets and debts. This helps them develop a strategy that works for your particular needs and ensures that you save enough to meet your goals over the long run.
Many financial advisors begin with a meeting to assess your current financial situation and create a detailed financial plan. During this first meeting, they try to get a clear picture of your current accounts, debts and investments. They’ll also ask you about your short- and long-term goals.
They may charge you an hourly rate or a percentage of the value of your investments. They also may receive commissions for investing your money and rebalancing your portfolio.
You should always interview as many financial advisors as possible to find a reputable professional who can educate you about your options and help you make the best investment decisions for you. Avoid sales-minded pros or “experts” who make you feel dumb for asking questions—it’s your money, and you deserve to know all of your options!
A good financial advisor can help you navigate market volatility and inflation. They can provide historical data that reminds you of the way markets have performed in the past and how they might behave over the long term. They can help you stay on track with your plans, regardless of what happens in the market.
A career as a financial advisor can be incredibly rewarding. But it requires a lot of hard work and dedication to succeed. You need to be able to gain new clients and build up your book of business. If you don’t have the ability to do that, you should consider another career.
4. Financial Planner
Financial planners help their clients manage their money and reach their financial goals. They specialize in areas such as tax planning, retirement planning and estate planning. They also provide advice on investment management, budgeting and insurance.
They can work in private practice or for a bank, wealth management firm, non-profit or other organization. Their salaries can vary by city and state.
The job of a financial planner requires excellent knowledge of personal finance, taxes, budgeting and investing. They also need strong sales skills to attract new clients.
A financial planner’s duties include analyzing their client’s current and future financial situation, developing a plan for achieving short-term and long-term goals, optimizing their spending and reducing debt, as well as ensuring their assets are adequately insured. They can also assist their clients in planning for education expenses, retirement and other life events.
They also advise their clients on how to minimize their tax liability and maximize their investments while balancing their risk tolerances. They can also offer recommendations on investment products, such as mutual funds or ETFs.
When working with a financial planner, consumers should do their due diligence to ensure that they are using a qualified professional. They should look for credentials, such as CFP certification or a CFA designation, which can indicate that the advisor has met certain educational requirements and passed a series of exams.
They should also review their disciplinary history and credentials, such as those from the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). These organizations track and investigate complaints about financial professionals. They can also offer a list of professionals who have earned specific certifications or licenses.
5. Financial Analyst at a Bank
Financial analysts work for companies and investment firms to help them make sound decisions about investing in the future. They research current economic trends and industry changes, identify potential markets, and prepare complex financial models to analyze a company’s strengths and weaknesses. They also conduct thorough investigations into a company and identify any possible investors or buyers.
This job is a great way to earn a high income, although you may need a bachelor’s degree to get started. Entry-level salaries start at $55,500, while senior analysts can earn up to $150,000 per year.
Most of these professionals work in offices, but they can also work remotely or at home if they prefer. In addition to a competitive salary, financial analysts often enjoy perks and bonuses.
These perks include a free lunch, 401(k) retirement plan, medical insurance, and more. Some employers even offer flex time, which allows employees to take off days or work a limited schedule.
Many of these jobs are highly specialized and require excellent analytical, communication, and computer skills. They must be able to quickly think on their feet and analyze financial data in order to make accurate predictions about the future of a business.
They also need strong math skills to be able to calculate extensive financial projections in their head and on paper. It’s important for a financial analyst to have strong attention to detail, as mistakes can cost their employer money.
Most financial analysts begin their careers as junior researchers and move up through the ranks, where they gain experience in more advanced responsibilities. Senior analysts focus on client relationships, marketing strategies, and working directly with company management. This requires strong communication and persuasive skills.
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