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Writer's pictureThe Teen Trillionaire

Different Financial Careers



You might be very good at managing your own finances and are interested in pursuing a finance-related career in the future. Here are introductions to eight different careers.


Accountant:


An accountant is a person who keeps or inspects financial records. They are people who excel at organization and detail-oriented work. Since they deal with money – sometimes significant amounts of it – accountants must also possess a high degree of integrity. And because they're constantly interacting with clients, accountants should be effective communicators.


Actuary:


An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks, and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an actuary is better described as a career with a mathematical basis than as a “technical” mathematical career.


Budget Analyst:


Budget analysts help public and private institutions organize their finances. Budget analysts work in government agencies, universities, and private companies. Most work full time. A bachelor’s degree is typically required to become a budget analyst. Courses in accounting, economics, and statistics are helpful.


Financial Analyst:


Financial analysts keep their fingers on the pulse of the economy. They help their clients by recommending when to buy and sell investments and by staying current on economic trends, business news, and company strategy. They also write reports that explain their analyses, share their expertise with colleagues who aren’t financial experts, and sometimes communicate their perspectives to the public and financial media.


Financial Manager:


Financial managers produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, auditor, securities sales agent, or financial analyst. Financial managers work in many industries, including banks and insurance companies. Most financial managers work full time and some work more than 40 hours per week.


Financial Service Sales Agent:


There are certain skills that many financial service sales agents have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. A lot of resumes for this field have listed customer-service, detail-oriented, and math skills.


Loan Officer:


A loan officer’s job is to help people with their applications during the mortgage loan approval process. The loan officer must ensure that the information from applicants in the loan package is correct/verified. Loan officers usually look at the potential borrowers’ credit history to see if the person is a good or bad credit risk.


Personal Finance Advisor:


Personal financial advisors provide advice to help individuals manage their finances and plan for their financial future. Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends. Personal financial advisors typically need a bachelor’s degree. A master’s degree and certification can improve your chances for advancement in the occupation.


Conclusion:


While each career has its points, you are not limited to these careers. Have fun exploring what you want to do in the future, and remember that most things are not set in stone.


Written by Anna Li


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