We all know that a career in finance can be highly lucrative, but there are also a number of other benefits that outweigh the sometimes stringent requirements and demanding work style. More challenging careers equate to higher rewards for your efforts and this holds true for working in the finance industry.
If you’re a young, driven professional with an affinity for working with money, then a career in finance is most definitely with considering. From being able to study online, to high job security, networking opportunities and more, here are 10 reasons to consider working in the finance industry.
Having a positive and competitive atmosphere to work in is key to skyrocketing your career. The finance sector is highly competitive, which means only the best candidates make it through. This means you’ll be surrounded by colleagues who are quick-thinking and intelligent team-players that you can learn many valuable lessons from on a daily basis.
High Levels of Job Satisfaction
According to Randstad Financial and Professional, an average of 38% of employees are satisfied with their career progression. But in the finance industry in particular, this figure rises to a much higher 46% in the UK workforce. Furthermore, Morgan McKinley Financial Services described an increase of 20% in vacancies in the finance sector.
You’ll spend your time working with a variety of professionals such as clients, industry contacts and fellow colleagues. This facilitates the opportunity for you to build a large network of people who can help you move forward in your career. You’re more than likely to have someone to turn to if you feel like moving to a different department or company.
Exciting Salary Expectations
According to the Higher Education Statistics Authority, the average graduate salary across all sectors ranged between £21,000 and £24,000. This is significantly lower than the average graduate salary for recruits in the finance industry, which is often upwards of £31,000, with notable annual increases.
Important Life Skills
Studying and subsequently working in the finance industry will teach you valuable life lessons about handling your own personal finances. If your dream is to start your own business in the future, then what you learn in your current work will help you understand an important aspect of entrepreneurship.
Accessible Study Options
Today, obtaining an esteemed qualification that helps you start your finance career on the right track is easier than ever. You can study your degree completely online, with flexible study options that allow you to work at the same time.
Degrees such as an MSc in Business & Management will open up many pathways, including not only finance, but also global business, organisational development and entrepreneurship. Click here to learn more business management courses online.
Potential Career Advancement
There’s a significant incentive for workers in the finance industry to pursue higher education to advance their career. Many companies frequently offer sponsorships to employees so that they can improve their skills. This gives you the chance to move up in your company or increase your eligibility to obtain better paying positions in other companies.
Dependable Job Security
Although it’s generally unlikely to happen, losing your position in one company won’t leave you without a job for long in the finance industry, especially if you’re qualified. This is due to the high demand for your skillset, as every business needs at least one worker to handle their finances.
In addition to higher levels of job security, the demand for your skills pushes businesses to negotiate higher salaries with more benefits and a better working environment. If you’re qualified and have a good network behind you, companies will be vying for your skills instead of you having to hunt down a position while unemployed.
With the rapid changes in technology and general advancements in the finance industry, there will be many opportunities for you to undergo specialised training to further improve your skills and knowledge. Obtaining these esteemed and highly in-demand skills from excellent training programmes provides even more job security.
When it comes to the diversity of fields in any single profession, finance takes one of the top positions. There will be countless options available for you, allowing you to tailor your career path to your personality. This gives you the opportunity to choose what you feel will provide the most satisfying and rewarding work life.
It’s evident that a career in finance provides some of the most impressive benefits, making it a highly compelling option. Now that you know why you should work in this industry, it’s up to you to take the next step towards your first career in finance.