What can you expect after doing a Master’s in Finance?

Thursday, April 8, 2021

What can you expect after doing a Master’s in Finance?

If you are interested in playing with numbers and figuring out the story behind it, you are probably the right fit for the program. After completing your Masters in Finance, you get immense job opportunities since the industry is broad, challenging, interesting. 

A postgraduate degree in Finance can be the best option to get a role in finance-related jobs, and it can help you land in any industry you can think of. Besides, the tools, knowledge, and methods used in the field of Finance are the same. This allows you to travel and find work in different nations.

Here are some of the most popular Finance careers with average annual salaries:

  • Financial Analyst- $60,150/year
A financial analyst is responsible for giving financial recommendations to clients and organizations. A financial analyst aims to help clients achieve their finance-related goals. The common responsibilities of finance analysts include the following: 
  • Identify challenges for investment options and find solutions regarding it
  • Look for investment opportunities and market trends while accounting for risk management
  • Collect the financial data, interpret it and create reports using the statistical analysis tools
As a financial analyst, you can work at commercial banks, insurance companies, brokerage firms, and government. 

  • Commodities, Securities, and Financial Services Sales Agent- $64,100/year
Commodities, securities, or financial agents advise clients about selling and purchasing commodities or financial securities. Daily tasks of commodities, securities, and financial sales agents include the following: 
  • Evaluate and analyze economic market trends
  • Maximizing clients' ROI (return on investment)
  • Recommend financial services and products that could meet clients' demands
As a commodity, securities, and financial services sales agent, you can work at investment banks, brokerage firms, and trading organizations. 

  • Financial Manager- $72,500/year
A financial manager is responsible for developing and maintaining the financial plans of any company. In a large firm, the financial manager would be involved in planning and strategic analysis. In a small firm, his/her role will be monitoring, collecting, and preparing accounts. Financial managers undertake specific responsibilities which are as follows: 
  • Develop financial mechanisms and management solutions that minimize financial risks
  • Provide financial reports and manage budgets
  • Analyze and make suggestions based on cost-reduction opportunities
  • Developing a network of contacts related to finance such as solicitors, auditors, statutory organizations, and banker

  • Financial Advisor- $58,500/year

A financial advisor provides financial advice to various organizations, start-ups, families, and individuals. Financial advisors can either specialize in a particular area or know about insurance protection, retirement savings, real estate planning, investments, and taxes. Responsibilities of a financial advisor include the following:
  • Research potential risks and investment opportunities
  • Monitor the clients' accounts and evaluate the needs to improve the performance
  • Explain the types of financial services (e.g., retirement plans, education expenses) to clients
As a financial adviser, you can work at real-estate organizations, insurance companies, individual clients.

  • Actuary- $88,600/year
An actuary analyses data and examines trends to know many people should be charged for their insurance plans. Their work plays a vital role in maintaining insurance organizations’ financial health to find a balance between avoiding financial risks and offering reliable services. The typical roles for an actuary are: 
  • Create detailed files/reports using Excel or other software
  • Research and analyze data (e.g. retirement rates and accident)
  • Use actuarial modeling programs to find relevant trends.
As an actuary, you can work at insurance firms and consulting firms.
In conclusion, the finance-related jobs that we mentioned are not the only ones. The finance career list is long, and you should always choose the right path for your goals and ambitions. 

Author Bio 

Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years. 

Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates

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