Careers in Finance

Updated on April 3, 2024
Article byWallstreetmojo Team
Edited bySusmita Pathak
Reviewed byDheeraj Vaidya, CFA, FRM

What Are The Careers in Finance?

Careers in finance refer to the job options and growth prospects associated with the finance industry. Given the current market scenario where layoffs have become common, finance is the sector that seems recession-resistant when compared to other industries, thereby providing more security to employees.

Careers in Finance

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The United States Bureau of Labor Statistics (BLS) listed a few positions as top finance jobs available to job seekers in 2023, including financial managers, financial analysts, budget analysts, loan officers, personal financial advisors, accountants and auditors, etc. The average salary for the different careers in finance was found to be $76,750.

Careers In Finance Explained

Careers in Finance offer individuals an opportunity to board their dream jobs without the fear of losing them, if they have proper skills and they undergo thorough training as and when provided. Every organization requires a financial professional that looks after the incoming and outgoing finances and prepares the budget for projects and the companies’ functioning overall. As a result, the requirements for finance professionals are uncountable.

Besides many standard organizations needing a finance professional, there has been a rapid growth in the finance industry in the past. To make a career in finance, one has to get a suitable degree such as B. Com, CPA, or MBA in finance and then can choose a career in any of the different areas of finance such as equity analysis, Investment Banking, Asset Management, risk management, corporate finance, etc.

No matter what finance role one joins, they must have the relevant skills and qualification to begin with. Once they start and show their performance, the organization takes the responsibility to upgrade their skills from time to time as required. As they prove their worth, their chances of getting retained increases and this is what offers them immense security in the finance jobs.

Today, Investment Banking, Risk Management, Investment Management, Commercial Banking, Equity Research, and several other areas of special interest in finance require people with expert knowledge and a certain skill set to fill in the shoes. This trend of continuing focus on expertise in specific functional areas of finance has made it much more difficult to choose a career in Finance. Here we will attempt to provide an overview of some of the most popular career roles in finance and what it takes to be successful at them.

It would be wise to chalk out a career plan before opting for any financial certifications like CFA, FRM, PRM, etc. Depending on the academics and professional’s work experience, a suitable Career in Finance can be chosen to acquire or enhance a certain skill set for a specialized role to build goodcareers in finance. It is always best to plan and prepare for a more specialized career role, potentially leading to higher career growth. However, the choice should be based on balancing relevant factors to successfully align one’s skill set, areas of professional interest, and career goals.

List of Top Careers In Finance

The finance sector comes with many opportunities. Hence, building a career in this industry provides for myriad of choices to individuals as per the skills they possess. Listed below are the industries that offer a list of careers in finance that one can opt for. Let us have a quick look at them:

#1 – Investment Banking

This is one of the top careers in Finance. Investment bankers usually facilitate brokering of major transactions for large institutional clients, including Mergers & Acquisitions (M&As), underwriters for equities, or debt securities to raise major capital and corporate restructuring, among other things. It is one of the most preferred career choices in finance for the kind of recognition accorded and rewards earned in terms of big pay packages and bonuses. It is an intensely competitive field requiring financial expertise, excellent negotiation skills, and high confidence.

Most large investment banks prefer to hire top MBAs with the desired skill set. With 75 to 100 work hours a week, it is considered among the poorer choices regarding work-life balance. However, working with a large firm in one of the financial hubs, including New York or London, remuneration and growth prospects would easily be among the best.

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#2 – Asset Management

Asset managers help manage the wealth of High Net-Worth Individuals (HNIs) and institutional clients. They identify suitable avenues of investment for their clients to help realize their wealth creation goals and develop and implement long-term investment strategies to achieve the same. Perks are among the best in the industry as the demand for skilled asset managers continues to rise, and work hours are much better, making a good work-life balance possible. Professionals with CFA (Chartered Financial Analyst) or CIMA (Certified Investment Management Analyst) could be the best fit for the role.

#3 – Commercial Banking

This career in Finance, i.e., Commercial banks, offers a host of retail banking services to businesses as well as individuals, including checking and savings accounts, issuing debit or credit cards along with a line of credit depending on the creditworthiness of the client. Some of the most popular roles in the commercial banking sector include loan officer, trust officer, mortgage banker, bank teller, and branch manager. Usually, different skill sets might be required in keeping with the nature of the specific role. Growth prospects are good in commercial banking, with moderately decent pay packages for professionals in higher or more technical positions. Work hours are usually among the best, especially with public sector banks.

#4 – Equity Research

One of the top careers in Finance includes Equity Research. Equity research involves the comprehensive analysis of stocks, including financial modeling and valuation, to help decide the worth of a certain investment. The work of an equity research analyst helps individuals, as well as institutional investors, make critical investment decisions. This is one of the most valued career roles in finance, which requires insightful knowledge of financial concepts, a good amount of patience, and a high level of ethics to carry out professional responsibilities as desired. Perks are undoubtedly among the best and work hours are good enough to maintain a healthy work-life balance.

#5 – Corporate Finance

This career in Finance is primarily concerned with the management of all financial activities of a company. This is much broader in scope than investment banking, representing only a sub-domain of corporate finance. It not only deals with raising major capital through M&As but also actively engages with every form of decision-making related to investment, capital management, and other activities that help maximize the strategic growth of an organization. Corporate finance professionals could have widely differing work roles; hence, the required skill sets would also vary. Some common openings include financial analyst, tax manager, treasurer, and chief financial officer (CFO). CPA (Chartered Public Accountant) could be a useful designation for accounting-related roles, and CFA (Chartered Financial Analyst) could be advantageous for aspiring financial analysts.

#6 – Risk Management

This career in Finance has emerged as one of the key areas of interest, which involves identifying and managing different forms of financial risks. A risk management professional could be engaged in broad-based financial risk analysis in different scenarios or working on financial risk modeling, predictive financial analysis, and other technical aspects of financial risk management. The remuneration is among the industry’s best and work hours are usually decent. FRM (Financial Risk Manager) and PRM (Professional Risk Manager) are two of the standard financial risk management certifications, which could greatly benefit-risk management professionals.

Careers in Finance Video


This has been a guide to Careers in Finance. Here, we explain it along with the list of top career options available to job seekers in different industries. You may also have a look at these detailed financial articles for further clarity –

Reader Interactions


  1. Shelane says

    Through the readings I have find more interest in persuing with commerce

  2. Derrick Rianna says

    Thanks for sharing this article. Very useful .Well I am new to this finance world and want to learn all study related to finance. So I am really confused where to start from? Would like to prefer me some advice?

  3. Brett Norden says

    Thanks for sharing this post. Very informative. Sir I also had a doubt related to Finance study that is doing MBA in finance is a suitable degree or are there any rules to do so? Also if you can give me some advice for better career.

    • Dheeraj Vaidya says

      Thanks for your kind note. And yes MBA in Finance of course a suitable degree and there is no specific rule that only people you have completed finance graduation should do this. I would like to tell you completing engineering and then doing MBA will add more value to your career. This will help you to get a higher position than other graduates. All the best!! And happy learning

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