In finance, some niches are more demanding and renowned than the rest. More about this below.
Whether you've been in the market for a while or you're wanting to pivot, you are likely conscious that wealth management is among the most satisfying careers in finance. It is also among the more exclusive niches considering that entry requirements are more rigorous, given the calibre of clients and the know-how needed. Wealth management companies like St James Place are understood to give their customers a detailed service that covers everything from investments and acquisitions to tax recommendations and retirement planning. The requirements of high net worth individuals are totally different to those of regular financiers, meaning that a custom service is needed to fulfil these requirements. Because wealth managers handle some of the most precious portfolios, consistent monitoring and research study is required to ensure that customers extract the most value out of their investments. This is why wealth management is among the more intense financial services jobs.
Breaking into the job market and finding an excellent job can be challenging for any market, however finding that first job in finance is a lot more challenging due to how competitive finance markets can be. That said, some sectors and 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 industry. Insurance providers are among the largest employers of finance graduates as they tend to have training plans and jobs that are ideal for people seeking to get their foot in the door and get some initial work experience. Insurance is likewise an excellent sector to master 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 great idea.
Lots of people actively attempt to get into finance thanks to the outstanding pay plans and the professional development opportunities the industry provides. Like any other market, the more experience and expertise you have, the more likely you are to take home a handsome pay. Mainly deemed as one of the highest-paying finance jobs, financial investment banking is one of the most sought after fields in financial services. Financial investment banking mostly handles organising complicated financial deals such as reorganisations, mergers and acquisitions (M&As), and initial public offerings (IPOs). Financial investment banking companies like Evercore Partners service customers like big corporations, pension funds, governments, and hedge funds. In many ways, financial investment banks are financial intermediaries that help with flows of funds and allotments of capital. They unite those who require cash to invest with those who have money to invest. Seeing that they're at the very top of financial institutions, investment banks only employ the very best and brightest.