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? ›

Individuals with analytical minds and strong attention to detail make good candidates for in-demand careers in finance. This field offers many roles beyond trading on the stock exchange floor, though many positions still include financial forecasting and investments for businesses and clients.

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.

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.

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.

Lucrative compensation, job stability, intellectual challenges, and room for growth make finance an attractive and ever-evolving field for ambitious individuals looking to build a successful and impactful career.

When answering “Why did you choose this career?” you can point out factors like growth prospects, job security, scope, etc to help make a valid explanation. A possible answer to this HR interview question can be, “I have always found a certain satisfaction in writing and knew I wanted to make a career in content.

"I've always been captivated by numbers and the precision that surrounds them. Accounting allows me to work in a realm where every detail matters, and I find that incredibly fulfilling. As an accountant, I can organize complex financial data and aid companies in making well-informed decisions."

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.

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.

Why is finance a good career choice? ›

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.

How To Decide? Finance is an exciting major with plenty of career opportunities. If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you.

It offers a broad range of applications across various industries. This makes your skillset adaptable and valuable in a wide range of professional settings. Whether you are interested in banking, insurance, investment or starting your own business, a finance degree can provide you with a solid foundation for success.

Why are you interested in the position answer? I am interested in this position because it aligns perfectly with my skills, experiences, and career aspirations. I am excited about the opportunity to contribute my expertise to [Company Name] and make a meaningful impact in [specific area or industry].

Investment & finance: Learn what makes the world go round

What should you invest in and what factors should you consider? Choosing a business degree will give you a good understanding of basic economic principles, how markets are affected by world events, and how to assess a firms' financial health.

A few of the perks of working in corporate finance are that you get the chance to develop good teamwork skills, since finance professionals generally work in teams. You also get to travel and meet people, and the pay is pretty good. A financial analyst can make $44,000 to $72,000 a year.

"I'm a finance professional with over ten years of experience in investment banking. In my current role, I oversee a team of analysts and have successfully completed numerous high-value transactions. I'm excited to bring my expertise to a new company and help drive success.