Individuals who are interested in a career in finance typically have a plethora of options available to them. These positions typically require candidates to have advanced experience with numbers and money management. Earning a degree in business finance can also be beneficial in other fields, including marketing or computers. A degree in finance may also be useful in corporate, residential, or government settings.
The goal of this position is to help businesses and individuals determine their creditworthiness. Using different factors and techniques, their job is to see how likely it is that a borrower will be able to reimburse another individual or corporation if they take out a loan. These professionals should be able to effectively use credit analysis to assess financial history and the current market state to decide if loan repayment would be a realistic option for a certain borrower.
Finance officers are also known as financial managers, and often act as supervisory leaders. These professionals typically work with a fair amount of technology, as the finance industry relies more on computers and other software. Finance officers also often work with data analysis and often act as advisors to senior managers. The exact responsibilities of each individual vary from company to company, but, generally, job duties include the same daily tasks. Difference will appear, for example, in the government, where individuals will be asked to focus more on the budget process and government appropriations, in contrast to those who work in healthcare, where one vital skill includes understanding healthcare finance.
The responsibilities of this individual usually land between a combination of investment advisor and financial planner. Their main task is to provide financial services to their clients. This job usually requires at least a bachelor’s degree, and completion of the Series 7 exam from Financial Industry Regulatory Authority (FINRA).
A loan officer acts as a guide through the loan process. Loan officers, similar to financial advisors, will assess creditworthiness to see if certain borrowers are eligible for a loan. Other skills that would be useful in this position include experience with computers and various banking applications.
These are only a few options available to those who hold a degree in finance, or a related degree, such as in management or business. However, those who wish to enter into a career that deals mostly with numbers and money management should strongly consider earning a finance-focused degree.
In terms of education, completing the requirements for an associate’s degree is a good place to start, but most employers prefer candidates to have earned a bachelor’s degree in finance or higher. However, individuals interested in entering this field in an entry-level position may find positions with only an associate degree instead of a bachelor degree. Those who hold master’s degrees will often find their qualifications and educational experience align with the majority of job opportunities. A doctorate degree will allow for job seeking in a college, university, or business school.