Career presentation

Finance Careers

Information presented is from http://www.careers-in-finance.com

Careers in FinanceCorporate Finance Commercial BankingFinancial Planning Insurance Investment Banking Money Management Real Estate

Corporate FinanceWork for a company to help it

find money to run the businessGrow the businessMake acquisitionsPlan for firm’s financial futureManage any cash on hand.

Corporate Finance Careers

Financial Analyst Credit Manager Cash ManagerTreasurerBenefits OfficerControllerInvestor Relations Officers

Corporate Finance Salaries

Job Title Salary Rookie Financial Analyst - Smaller Firm $23k-

27K Rookie Financial Analyst - Large Firm$26-31K Seasoned Financial Analyst - Smaller Firm$33-39K Seasoned Financial Analyst - Large Firm $38-47K

Credit Manager $30-63K Tax Manager $57-105K Assistant/Divisional Treasurer $40-78K Chief Financial Officer Big firm 232-295K

Small firm 80-120K

Commercial BankingProvides banking services to

individuals, small businesses and large organizations.

More people are employed in the commercial banking sector than any other part of the financial services industry.

Commercial BankingOpportunities to learn about

business, interact with people, and build up a clientele.

In commercial banking, starting at the branch level, you might start out as a teller to a wide variety of other services such as leasing, credit card banking, international finance and trade credit.

Commercial BankingCredit Analyst Loan Officer Branch Manager Trust Officer Mortgage Banker

Commercial BankingJob Level Salary Degree/Exp

Trainee/cr analyst $27,000 Bachelor’s Jr Loan Officer $38,000 BA + 3 Years Loan Officer $60,000 BA + 5-7

years Sr Corp Loan Off $65,000 BA +10 years Dept Mngr $100,000 BA +10 yrs more

Investment BankersHelp companies & governments

issue securitiesHelp investors purchase

securities, manage financial assets, trade securities.

Provide financial advice

Investment BankingMergers and Acquisitions Project Finance Trading SecuritiesDerivatives

INVESTMENT BANKING SKILLS

Key Skill Area Requirement People skills: High Sales skills: Medium Communication skills: High Analytical skills: High Ability to synthesize: High Creative ability: High Initiative: Medium Work hours: 50-120/week

Investment Banking Facts Hard Work Expected and Respected Analyst Jobs Are the Best Entry Point Math Skills Can Help Communication and Completion Abilities

Key Teamwork Crucial Scientists and Lawyers Wanted Contacts are Everything Accounting Skills Valuable

Investment Banking Facts The investment banking business is notoriously

competitive. Investment banking is seeing massive

consolidation. Investment banking is one of the most global

businesses on earth. Pick the first firm you work for carefully. A good time to send your resume to an

investment bank is in November and December. Don't forget to check back

Financial Planners Help individuals plan their financial futures.

How are you going to cover your retirement needs?

What do you have to do today to put your children through college?

Requires excellent interpersonal skills. A good financial planner understands

investments, taxes, estate planning issues and knows how to listen. Increasingly, it pays to obtain the Certified Financial Planner (CFP) designation.

Financial Planning The median salary for financial

planners was $55,100 in a recent survey.

The salary distribution in this business is highly skewed.

90th percentile salary in financial planning was in excess of $150,000

Financial Planning Facts/Trends

Financial planning is hot and high growth is expected.

CFP Can Help as a Financial Planner High Net Worth Individuals are a Key

Target Get Involved in local chapters of

financial planner organizations

Financial Planning Skills Key Skill Area Requirement People skills: High Sales skills: Medium Communication skills: High Analytical skills: Medium Ability to synthesize: High Creative ability: Medium Initiative: Medium Work hours: 25-65/week

INSURANCEDetermining who to insure, what

risks are acceptable, and how much to charge for insurance.

Insurance Jobs Actuary Agent and Broker Claims Adjuster Service Representatives Loss Control Specialist Risk Manager Underwriter

Insurance Career Typical Salary Actuary $28,300-65,500

Agent/Broker $14,900-58,700 Claims Adjuster $24,500-42,000

Underwriter $25,000-61,000

Money Management Money managers hold stocks and

bonds for institutional clients and are on the buy side of Wall Street.

Analyze market trends. Some money managers use the

latest sophisticated quantitative techniques while others do very well using simple intuition.

Money Management Jobs

Portfolio ManagerPortfolio Management

Marketing Investment Advisory Mutual Fund Analyst Hedge Fund Trader

Money Management Skills

Key Skill Area RequirementPeople skills :MediumSales skills :MediumCommunication skills :MediumAnalytical skills :HighAbility to synthesize :HighCreative ability :MediumInitiative :MediumWork hours :55-75/week

Money Management Facts

Work on the other side of the fence from the investment banks. (the Buy side)

Broad Understanding of Business Crucial. Must be Able to Take Risk You have to Hang in There.Have a Strategy to Break Into BusinessMore Humane than Investment Banking

Money Management Salaries Starting analyst positions for

undergraduates at leading mutual funds, pension funds, and bank trust departments have salaries in the neighborhood of $30,000 to $50,000.

Equity portfolio managers $60,000-150,000

Real Estate Residential Real Estate Agent/Broker Commercial Real Estate Sales Real Estate Appraisal Property Management Real Estate Advisory Real Estate Entrepreneur Development and Construction

Real Estate JobsNone require a degree; however,

all require that you be licensed and that you have continuing education each year.

Real Estate SalariesVary depending on type of job. Typical real estate agent in a small

firm can make about $60,000 gross if he/she works about 35 hours per week.

Since most are sales types of jobs, upside potential is unlimited.