Every student dreams of landing a high-paying job and having a progressive, rewarding career. A graduation or post-graduation degree in finance is a sure way of making this dream come true.
To outline a few, finance students can find job opportunities in diverse fields such as business, banking, insurance, investment, and stock exchanges. Even an entry-level job can enable students to earn a decent amount. As their career progresses, they can see themselves earning handsome packages laden with perks, bonuses, and other incentives.
Let’s look at the top reasons you should study finance.
Wide Curriculum
Finance courses, such as MBA in finance, cover diverse financial topics. The subjects covered include stocks, business finance, accounting, investment banking, asset management, and finance management, to name a few.
The vast concepts covered enable students to develop strong critical and analytical skills to help their professional lives. Students are given theoretical and practical knowledge on a wide range of topics.
Thus, students are industry-ready when they complete finance courses and can contribute to the organization from day one.
Highly Flexible
Finance courses are highly flexible, meaning students have various options to choose from when it comes to financing courses.
For example, students can choose between B.Com, BBA, MBA, PGDM, MMS, and various other degrees specializing in finance. Moreover, students can opt for part-time and full-time courses, depending on their preferences. Lastly, they can choose between on-site and online delivery methods, too.
Thus, finance students have multiple options in deciding on a course that perfectly suits their needs. This is something that not every stream offers.
Opens the door to government jobs
Government jobs are still a hot commodity, with many of the population eyeing various job roles in government organizations. Studying finance opens up the doors to job roles in diversified government organizations.
Finance students can apply for jobs in various government departments, ministries, banks, and institutions. They can also prepare for civil services exams and join as an IPS or an IAS officer.
Moreover, finance students can apply for non-finance-related posts in various government organizations where a bachelor’s degree is the minimum eligibility criteria, such as defense and clerical jobs.
Finance professionals are high in demand
Every business, large or small, across various industries, whether advertising, education, marketing, real estate, or software, need detailed financial information. They require professionals who can monitor expenses, investments, cash flows, employee salaries, and other financial aspects of business functioning.
Thus, by studying finance, one can easily land a finance-related job in an organization of their choice across various sectors.
The different job roles in finance include asset manager, portfolio manager, accountant, and financial advisor, among many others.
Earn Handsomely
Finance professionals are known to earn handsome packages, even if they are in an entry-level job position. Moreover, they are also entitled to significant perks and bonuses based on their performance. The payment also increases considerably based on skill and experience.
Here is a look at some of the finance professionals’ average annual pay packages.
- Investment Banker – INR 5,00,000
- Accountant – INR 2,50,090
- Portfolio Manager – INR 7,00,000
- Research Analyst – INR 4,80,000
Moreover, finance graduates can also rise to senior-level positions like Chief Financial Officer (CFO) and earn a lucrative annual package of around INR 34,00,000.
Job Security
Job security is one of the biggest concerns of today’s working professionals. Studying finance can guarantee a high degree of job security, even in turbulent times.
Finance is an integral part of the functioning of any organization. Thus, finance professionals become an indispensable part of the organization they are working at.
Even in the rare case, they are laid off, they can again quickly find employment in a different organization. There will always be a need for finance professionals, no matter what.
Explore Various Job Roles
Finance graduates can find diverse job roles spread across different sectors. They can find ample job opportunities in the private and government sector. Moreover, they can easily choose a job that interests them the most.
They can also quickly switch between job positions and industries if they desire to. Thus, if you don’t want a monotonous career, you can choose finance and keep switching between different organizations and industries.
Manage Personal Funds Exceptionally Well
Studying finance proves beneficial in professional life and plays a vital role in personal life. Finance graduates are better adept at handling personal finances. They have better control over their expenditure, savings, and investments.
Finance students are also skilled in time management, governance, leadership, accountability, and business acumen, which further helps with enhanced money management.
Thus, studying finance can help you live a financially-stable, worry-free life by helping you acquire life-saving money management skills.
Evergreen Industry
As mentioned earlier, finance is an integral part of any business. Whether starting a new venture or expanding an existing one, finance professionals are needed.
Without financial professionals, business operations become fragile and non-functional. Finance management is needed in every business, large or small, in every industry.
Thus, the finance industry is considered an evergreen, never-ending industry as the end of finance means the end of the business.
Conclusion
Thus, we can see that studying finance lays down a solid foundation for a successful career path. It opens up the door to multiple job opportunities in the private and public sectors. Finance professionals earn high salary packages and have better job security than other professions. Thus, there is no reason not to study finance.
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