In corporate finance, some niches are more demanding and renowned than the rest. More about this down below.
Whether you've worked in the market for a while or you're wanting to pivot, you are most likely aware that wealth management is among the most rewarding careers in finance. It is also among the more exclusive niches considering that entry requirements are more demanding, considering the calibre of clients and the know-how needed. Wealth management companies like SJP are known to give their clients a detailed service that covers everything from investments and acquisitions to tax guidance and retirement preparation. The requirements of high net worth individuals are totally different to those of ordinary investors, implying that a custom service is required to fulfil these requirements. Given that wealth managers deal with some of the most precious portfolios, constant monitoring and research is required to make sure that clients extract the most worth out of their financial investments. This is why wealth management is amongst the more demanding financial services jobs.
Getting into the job market and finding a good job can be challenging for any industry, however finding that very first job in finance is even more challenging due to how competitive financial markets can be. That stated, some sectors and specific niches are more accepting of fresh graduates with little to no working experience. In this context, a few of the best graduate finance jobs are in the insurance coverage market. Insurance companies are one of the largest employers of finance graduates as they tend to have training schemes and jobs that are perfect for individuals aiming to get their foot in the door and get some introductory work experience. Insurance coverage is also a good sector to pick up new skills, make some connections, and find out more about the inner workings of corporate finance. While there are different roles individuals can choose, companies like Hiscox would agree that starting as a trainee actuary can be a fantastic idea.
Lots of people actively try to tap into finance thanks to the excellent pay plans and the professional development chances the market provides. Like any other market, the more experience and expertise you have, the more likely you are to take home a handsome pay. Largely considered as one of the highest-paying finance jobs, investment banking is one of the most coveted fields in financial services. Investment banking primarily deals with organising complex financial transactions such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Investment banking firms like Evercore Partners service customers like huge corporations, pension funds, federal governments, and hedge funds. In lots of methods, financial investment banks are financial intermediaries that help with flows of funds and allotments of capital. They unite those who need money to invest with those who have money to invest. Seeing that they're at the very top of financial institutions, investment banks only hire the very best and brightest.