Saturday, November 27, 2021

Choices in Finance Education

The finance industry offers a plethora of options to students wanting to join the finance profession. Today’s finance profession is not limited to just accounting jobs. With the right kind of finance education, a finance student can find himself suitable for various finance roles. Most finance careers require you to be good with numbers and have knowledge of basic business statistics. Let’s take a look at some of the lucrative financial education options.

Accountancy: This is the most widely popular financial career. Commonly referred to as a public accountant, you learn about preparing and maintaining a business’s financial records. You also learn about taxation and other financial aspects of the company. Education in this area is very comprehensive, and the exam is considered quite difficult. Apart from public accountants, there are other specialized fields such as cost accountant, management accountant, and tax expert.

MBA Finance: Another popular area in finance education is the MBA in Finance. This program is at the post-graduate level and is offered by most universities as well as business schools. An MBA Finance degree opens up career opportunities in plenty of areas, including banking, financial analysis, financial markets, research, etc. In general, the reputation of an MBA Finance is measured based on his skill level and the importance of the college from where the program was completed.

Financial Planning: This is one of the most sought-after professions in the finance field. As a financial planner, you are required to manage the personal finances of individuals. You are expected to invest people’s money in the best assets based on their risk profile and also advise them on various matters such as taxation, real estate, among others.

Finance Certifications: As the finance profession has grown, many new finance certifications have emerged that help students acquire particular financial knowledge. For example, the Certified Financial Analyst

(CFA) the designation helps you become a financial analyst. There are popular certification programs for becoming risk managers; Financial Risk Manager (FRM) offered by GARP, and Professional Risk Manager (PRM) offered by PRMIA. If you are interested in Alternative investments, you can become a Certified Alternative Investments Analyst (CAIA). There are financial certifications in almost every area of finance.

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