Many Professional Categories to Fill
While an accounting degree is a fairly broad category of study, finance is a much more narrow focus within the industry. A successful career in finance requires the presence of several skills. If a student is naturally extroverted and curious, they will be ideally suited to respond to external forces encouraging students to study finance. The reason why more students graduating with a degree in finance is so important today is that there are numerous positions that can be filled only with such an education. Obviously, degrees in finance can only be achieved if educational institutes offer this field of study.
The Virginia Tidewater Consortium for Higher Education is one that is working at encouraging students to study finance so there will be enough qualified individuals entering the field as the older generation leaves it. If a student has a natural aptitude in dealing with money, such as knowledge on the complexities of actually starting a hedge fund, this could be an ideal position for them. A student will not stick with their education and complete their degree unless they see themselves excelling and enjoying their studies at the same time. Acquiring outside hands-on experience is a great way for students to see if they will truly enjoy their career following graduation. An internship allows students to see what working in finance is like outside the walls of the classroom. Therefore, it is extremely valuable and worthy of a student’s time and energy.
There are many financial careers a graduate can look into. A financial analyst is one who plays a role in today’s competitive economy. To be a financial consultant, a graduate will provide people advice on securities pricing, business valuation, forecasts of the future economy and treasury management. Financial planners help individuals with their financial goals for the future by giving their clients strategies for investing, caring for their taxes, and planning estates. When encouraging students to study finance, the position of financial planner in particular calls for people who have naturally strong interpersonal communication skills. Graduates can even expect to work as a sole proprietor if they have strong entrepreneurial skills.
To begin a financial career, students must earn a bachelor’s degree and have three years of professional experience in a relevant field. This brings the importance of an internship during school back into play. Encouraging students to study finance is not enough. They should continue until they qualify to obtain the Chartered Financial Analyst (CFA) designation, which is highly recommended in the field of finance.