Career in finance

What is Finance? Finance is the study of how to invest and

raise money productively.

Money and capital markets reviews the

banking system and the markets

Corporate finance deals with raising

money for firms raise money and what

new projects to invest in.

Investments deals with the working of

securities markets and the valuation of

stocks and bonds

It is analytical.

It is based on economics

principles.

It uses accounting information

as an input.

It is international in perspective.

It evolves constantly.

It provides good job

opportunities.

Career in Finance

What types of finance careers

are possible

Who are employers looking for

Where will you be happy and

successful

How to get a finance job

Banking (Investment, Commercial, Merchant or other):

Corporate FinanceSales and TradingResearchAsset ManagementaPrincipal InvestingLending

Corporations:

Corporate Finance

Treasury

Asset Management

Investor Relations

Strategic Planning

Other:

Financial consulting practices

Ratings agencies

Non-profits

Financial journalism

Public sector

SEC, Federal Reserve, etc

World Bank, ExIm Bank, etc

How to get a Finance Job

Students will get jobs if they:

◦ Prepare;

◦ Use initiative and polite persistence;

◦ Show skills, characteristics, commitment

and confidence employer is looking for;

and

What Types of People Do Well in Finance?

Finance needs people

who are good at

solving problems, who

are comfortable with

numbers and who like

to work with people.

Many finance jobs are

people-oriented.

CAREERS IN BANKING

Common entry-level job:

Credit trainee

Common mid-career job:

Commercial Loan Officer

Example: Banc One has hired a

number of students at salaries in the

low 30s.

What You Need to Make it in Banking

A broad understanding of business

Good people skills

Marketing skills and enthusiasm

A strong understanding of accounting

Backgrounds in corporate finance and

investment

Good written communication skills

Careers in Investment Banks

Common entry level job:

Stock-broker, trader or security analyst

Common mid-career job:

VP or Managing director.

Example: A number of students have landed jobs

in investment banking over the years at salaries in

the

40-50K range (undergraduate) and 70K to 130K

range (MBA).

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