Finance Careers Overview
A career in finance is perfect for someone who enjoys working with numbers and analyzing data to forecast upcoming trends for a company. Those who are just starting out in finance careers might work as junior accountants, bookkeepers or auditors. Some of the job duties required in these positions might include budgeting, preparing and auditing reports, evaluating performance of specific products or services and managing assets. Candidates who want to work more directly with clients might consider a career in financial planning and advising, which involves helping individuals and families decide how to invest, manage and save their money.
Finance Career Education
Most finance careers require at least an undergraduate degree from a university in finance, business or other similar field of study. Some bookkeeping positions might offer training on the job in lieu of a formal education, but bookkeepers aren’t able to do as many tasks relating to accounting. Upper-level careers, such as financial planners, chief financial officers and directors of finance, usually require a postgraduate degree in finance, accounting or business. Those working at a director level will have a lot more responsibility over analyzing and calculating reports, so these jobs require more knowledge and experience.
Finance Career Job Market
The job market for careers in finance is promising. Statistics show that the number of finance job openings should increase by about 10 percent in the next 10 years. As businesses expand and regulations become more strict, they will rely more heavily on their financial professionals to predict growth and plan ahead. This means that companies will be actively seeking out financial experts who have experience and knowledge that can help save money and time for the bottom line. Those seeking a career in finance should start taking courses to learn about the duties and responsibilities.
Finance Career Salaries
A financial analyst earns a median salary of C$55,011, while the lower end of the salary average is closer to C$41,000 and the upper end is around C$74,000. This shows that there is a lot of room and potential for growth in the financial analysis industry. Accountants who are just starting out might start at a salary of C$36,000, while the median salary is C$47,960. Those working in executive financial positions, such as a chief financial officer or director of finance, can make substantially more income based on the experience and educational levels.