Financial analysts are often found in consultancy firms or working in similar companies. Their main task is to advise clients in relation to their corporate finances. A financial analyst’s job is to help people in making smart business decisions so that they are in line with their future financial goals. These also include retirement pensions and 401Ks. An analyst should at least have a bachelor’s degree in Business Administration, Statistics, Finance, or Accounting, while those who have also earned postgraduate degrees will be well positioned for a higher salary and greater market value. Financial analysts earn up to $70k per year including benefits and bonuses on average.
Personal Financial Advisor
Personal financial advisors are often individuals who may work in a small setup or a large corporation and are often entrepreneurs themselves. They are responsible for helping make decisions on investments, insurance, and tax laws. These advisors are expected to recommend options that are not only financially beneficial but should also assist the individuals in meeting their short-term and long-term goals. These goals may include a rainy-day fund, savings, retirement plan and more. They are able to pull in $85k on average including benefits and bonuses.
Many people groan when they hear the word accountant, but the truth is that accountants are able to make a good living. While a bachelor’s degree in Accounting is the minimum requirement, holding a master’s degree will help you earn more. The average income is up to $53k on average, and it even goes up depending on your clientele and locale. Accountants are able to earn most of their annual income during the tax season i.e. from January to April. They have to analyze, plan, evaluate and advise clients during the rest of the year so that they can maximize their earnings.
It is understandable if nonstop number crunching isn’t your thing, and if that is the case, then you may be interested in a career as a buyer. It is fairly clear what this job requires you to do. Buyers have to purchase goods and services for a company that are necessary for operation or for the purpose of resale. Your main job will let you break away from your calculator as you will be required to compare products and prove your worth by saving money. While education requirements in this job depend on the company, a bachelor’s degree in Business Economics, Engineering or Applied Sciences is often suitable. Buyers are able to earn around $55k annually including bonuses and benefits.
Treasurers are responsible for providing financial goals, budget, and objectives for their organization. They often have to manage corporate investments as well as execute capital-raising initiatives.