In corporate finance, some specific niches are more demanding and renowned than the rest. More about this down below.
Whether you've been in the market for a while or you're wanting to pivot, you are likely mindful that wealth management is among the most satisfying careers in finance. It is also among the more exclusive specific niches because entry requirements are more rigorous, given the calibre of customers and the knowledge needed. Wealth management companies like St James Place are known to give their customers an extensive service that covers everything from investments and acquisitions to tax suggestions and retirement preparation. The needs of high net worth people are totally different to those of regular investors, indicating that a tailored service is needed to satisfy these needs. Since wealth managers handle some of the most valuable portfolios, consistent monitoring and research is required to ensure that customers draw out the most value out of their financial investments. This is why wealth management is among the more demanding financial services jobs.
Getting into the job market and securing a good role can be challenging for any industry, however finding that very first job in finance is a lot more challenging due to how competitive financial markets can be. That stated, some sectors and niches are more accepting of fresh graduates with little to no working experience. In this context, a few of the very best graduate finance jobs are in the insurance coverage industry. Insurance companies are among the largest employers of finance graduates as they tend to have training plans and jobs that are ideal for individuals wanting to get their foot in the door and get some initial work experience. Insurance coverage is also an excellent sector to master new abilities, make some connections, and learn more about the inner operations of corporate finance. While there are various jobs individuals can opt for, companies like Hiscox would agree that starting as a junior actuary can be a fantastic idea.
Lots of people actively try to tap into finance thanks to the outstanding pay plans and the career development opportunities the market offers. Like any other market, the more experience and proficiency you have, the most likely you are to take home a handsome pay. Mainly considered as one of the highest-paying finance jobs, financial investment banking is among the most coveted fields in financial services. Financial investment banking primarily handles organising intricate financial transactions such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Financial investment banking firms like Evercore Partners service customers like big corporations, pension funds, governments, and hedge funds. In lots of ways, financial investment banks are financial intermediaries that facilitate flows of funds and allotments of capital. They bring together those who require money to invest with those who have cash to invest. Seeing that they're at the very top of financial institutions, investment banks just hire the very best and brightest.