In corporate finance, some niches are more demanding and exclusive than the rest. A lot more about this below.
Whether you've been in the market for a while or you're seeking to pivot, you are most likely aware that wealth management is one of the most fulfilling careers in finance. It is likewise one of the more exclusive niches given that entry requirements are more demanding, given the calibre of clients and the know-how required. Wealth management firms like St James Place are known to give their customers an extensive service that covers everything from investments and acquisitions to tax advice and retirement preparation. The needs of high net worth individuals are entirely different to those of average investors, suggesting that a custom service is needed to satisfy these needs. Since wealth managers handle some of the most precious portfolios, continuous monitoring and research study is needed to ensure that customers extract the most worth out of their investments. This is why wealth management is amongst the more intense financial services jobs.
Breaking into the job market and finding a good job can be challenging for any market, but finding that very first job in finance is a lot more challenging due to how competitive finance 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 best graduate finance jobs remain in the insurance coverage industry. Insurance companies are among the biggest employers of finance graduates as they tend to have training schemes and jobs that are ideal for individuals wanting to get their foot in the door and get some introductory work experience. Insurance is likewise a great sector to pick up new abilities, make some connections, and learn more about the inner operations of corporate finance. While there are different roles individuals can go for, companies like Hiscox would concur that starting as a trainee actuary can be a terrific idea.
Lots of people actively attempt to get into finance thanks to the remarkable pay packages and the professional development chances the industry offers. Like any other market, the more experience and proficiency you have, the most likely you are to take home a handsome pay. Mostly deemed as one of the highest-paying finance jobs, investment banking is among the most desirable fields in financial services. Investment banking mainly handles organising complicated financial deals such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Investment banking firms like Evercore Partners service clients like huge corporations, pension funds, federal governments, and hedge funds. In many ways, financial investment banks are financial intermediaries that help with flows of funds and allocations of capital. They bring together those who require cash to invest with those who have cash to invest. Seeing that they're at the very top of financial institutions, investment banks only employ the very best and brightest.