Why Pursue A Career In Finance? And What To Consider Before You Start (2024)

FAQs

Why Pursue A Career In Finance? And What To Consider Before You Start? ›

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

Why are you interested in a career in finance? I'm interested in a career in finance because it offers a dynamic environment that combines analytical thinking with strategic problem-solving. Finance roles impact businesses fundamentally and globally, providing a platform for continuous learning and growth.

One of the main reasons why candidates choose finance is that this industry offers stable career choices in accounting, auditing, taxation, investment banking, etc. As a continuously evolving industry, the types and numbers of job opportunities keep increasing.

Mention your passion for helping people

Financial advisors have significant responsibility because they can directly influence their clients' financial future. The passion for interacting with people and helping them with their financial goals is an ideal attribute that many employers seek.

Understanding money is central to the finance major, so you should be detail-oriented and comfortable working with numbers. At the same time, work in finance also involves a lot of interaction with other people, so communication skills are also important.

A finance degree can open doors to a broad range of dynamic professional opportunities — often with high earning potential in diverse industries. Finance majors learn fundamental business skills that can translate to careers in a variety of organizations in the public, private, and nonprofit sectors.

A purpose-driven profession

At the heart of financial planning lies the noble purpose of transforming lives through informed decisions. A career in financial planning is not about crunching numbers; you're shaping dreams. Guiding clients towards their aspirations provides a rewarding career of making positive impacts.

Many accounting and finance professionals love the scope and dynamic aspects of their jobs. They like being able to tap their technological know-how, methodical approaches to problem solving and deep understanding of how businesses work.

Master skills that prepare you for real-world job responsibilities. Unlike more general degrees, like business administration, finance teaches you in-demand skills in areas including data analytics, risk management, capital allocation, and investment strategy.

What Traits Should I Possess? When dealing with finances, it is extremely important to be detail-oriented, organized, analytical and a good communicator.

Why did I choose finance specialization? ›

Choosing an MBA in finance provides essential knowledge and skills for aspiring entrepreneurs. Understanding financial management, risk assessment, and strategic planning equips individuals to start and successfully run their businesses, promoting entrepreneurship and self-sufficiency.

These organizations offer job stability, competitive salaries and benefits, opportunities for growth, job variety, professional development, and community impact. Financial institutions are a smart choice for those who are seeking a stable, challenging, and rewarding career.

I chose a career in accounting and finance because I have always been fascinated by the way financial decisions impact a company's performance and strategy. My natural aptitude for numbers and detail-oriented analysis, combined with my interest in business operations, drew me towards this field.

Financial careers often involve high barriers to entry, stiff competition among applicants, and a lot of stress. Still, these jobs offer numerous perks, including a challenging work environment, interaction with highly motivated and intelligent colleagues, opportunities for advancement, and excellent pay.

The top 5 highest paying jobs in finance are investment banking, hedge fund management, CFO roles, private equity, and actuarial positions. These careers typically offer substantial salaries and the potential for significant bonuses.

A career in finance can be very lucrative. The average salary for a finance major is $101,038. Pursuing a career as a financial advisor or another form of financial sales can go well beyond this number, whereas a career in corporate America or the government typically stays close to it.

A recommended answer to this could be: “Having read the job description and having looked at your company website, the role attracted me as I feel that I have the suitable skills for this role such as working to a deadline, experience with yield management, knowledge in SQL, etc.

"What drives me in accounting is the opportunity to directly contribute to the prosperity of businesses. By closely monitoring finances and furnishing valuable insights, I can assist businesses in expanding, optimizing resource management, and navigating a complex economic landscape."

One answer to this question might be: “I decided to major in finance because I have long had an interest in understanding how businesses are structured—how they make money and how they're profitable.