In this article we will be taking a closer look at some of the most popular finance careers for finance graduates.
Actuary
If accounting is just too dull, you might consider becoming an actuary. Actuaries work for insurance companies and it is their job to decide what insurance policies should cost and who should and should not receive insurance. It is a position that carrying with it a great deal of responsibility and employees are expected to possess exemplary decision-making abilities.
In truth, an actuary is little more a professional forecaster who analyzes the risks associated with insuring a certain individual and then makes his recommendations about whether or not he believes a certain person is insurable. The data produced by actuaries is then used by the company to decide on a price or premium for the insurance policy that will allow the company to cover all claims in the event of a catastrophe.
Budget Analyst
Another of the finance careers to consider is a budget analyst. As you might expect, a budget analyst is in charge of a company's budget. It is his job to determine how a business should spend its money. Since every company, no matter its size, has an annual budget, this is a position that is always in high demand.
Budget analysts often work with other managers and help them create budgets for future and existing projects. They are also in charge of reducing expenses and increasing revenues through careful cost management. A budget analyst must have a keen eye for numbers as well as excellent communication skills since he will be working with people from many different fields.
Financial Planner
It is the finance job of a financial planner to help people invest their money wisely and to prepare for the future. These highly trained professionals are the Renaissance men of the investing world. Although the stock market is important to what they do, financial planners are much more than simple stock brokers. They must also know about tax laws, real estate, insurance as well as a wide range of investment strategies.
But most importantly, they must interact with clients and have a firm grasp of their hopes, their dreams and what they are willing to risk in order to make money. Experienced financial planners may also work for large businesses and corporations as well as individual clients.
Loan Officer
The economy simply wouldn't work if banks and other lending institutions didn't loan money. In fact, millions of people apply for loans everyday. Theses loans are often used to buy homes, cars or to pay for college. In short, they are being used to help people improve their lot in life. And behind every loan that is either approved of denied is a loan officer.
Though the primary responsibility of a loan officer is to determine whether or not an individual or business can pay back a loan, they also work closely with customers. In fact, it is the job of a loan officer to help people complete all the appropriate applications and then to verify all of the information.