subject: Careers In The World Of Finance [print this page] The world of finance is what makes the world we live in work. Understanding finance is vital for all people in order to make your money work for you instead of against you. Even people who are bad with numbers can learn valuable skills by educating themselves about how money works. On the other hand, people who are great with numbers may find that they enjoy the world of finance so much that they would like to make a career out of it. If this is the case, where do you begin? How can you turn your love of numbers and finance into a fulfilling career? There are many career options in the world of finance. Here is a list of a few of the most common.
Accountant
What does an accountant do? To put it simply, accountants track money. Accountants are in charge of keeping track of where a company, government, or private individual's money is going. Accountants may prepare tax returns, give tax advice, prepare financial statements, and may assist with long term financial planning. Legally practicing accountants in the United States are divided into a few categories, including Certified Public Accountants, Certified Internal Auditors, Certified Management Accountants, and Accredited Business Accountants.
Investment Banker
An investment banker works for an investment bank not a commercial bank. An investment bank is an institution that trades in securities and manages corporate mergers and acquisitions. They also specialize in raising capital, raising money through selling securities in capital markets, and insuring bonds. Investment bankers also work with clients offering strategic advise on all financial matters dealing with the client's investments.
Mortgage Consultant or Loan Officer
A mortgage consultant or loan officer is someone who works for a mortgage lender assisting the lender's clients in the process of applying for and obtaining a mortgage loan. Loan officers work as an intermediary between the financial institution and the loan applicant, advising them on the best loan options for that particular client. A loan officer must have a complete working knowledge of the conditions necessary to qualify for each type of loan and be up to date on any government or state regulations regarding residential or business mortgages.
Each of these career options offers a different perspective in the world of finance, but each requires an excellent understanding of numbers and the way money works. If you are someone who thinks finance is the career for you, one of these positions might be right for you.
by: Art Gib
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