According to the Australian Treasury, the Australian financial sector is the biggest contributor to the national economy, contributing in excess of $140 Billion in the 2016 financial year. It still continues to be a big driver to the economy employing over 500,000 people. The adaptability and dependence on the financial sector mean that it is always going to be a lucrative field for anyone to enter. In case you need reassurance, here are five reasons why you should consider a career in finance.
1. It Is Dynamic
A career in the field is just as dynamic as the financial sector. The digital age has disrupted businesses and those that haven’t embraced change have disappeared into oblivion. The technological advancements and shifts towards client expectations present countless opportunities for those who are thinking of pursuing a career in finance. The industry is slowly shifting towards technology and now is an exciting time to kick-start your career in finance.
2. Diverse Roles
A career in finance comes with diverse roles. From real estate to accounting and insurance, the job opportunities in the sector are varied. They also cater to different skill sets and interests. Whether you prefer working behind the scenes or being in front of the action closing deals, you’re guaranteed to find something that is compatible and compliments your personality. It should be encouraging to note that you don’t need to be great at numbers in order to have a successful career in finance.
3. Jobs Worldwide
There is a financial sector in every country of the world. Technology is making the global financial industry more integrated now more than ever before. It is easier to work overseas compared to several years ago. There is also the opportunity of opening up global networking chances as you meet different people in your line of work. There is the option of remote work where you could be working with a big corporation overseas without having to leave your house or your country.
4. Long-term Growth
There is always room for personal and professional growth in the financial sector. A career in finance is unlikely to become obsolete in the near future because it is the sector that drives world economies. A hard-working person will definitely be noticed in any organization set up as long as your impact is felt.
Make sure you’re building clients contacts along the way because you will need them at one given time. An ambitious individual will thrive in the industry because there is no ceiling on what you can achieve.
5. It improves Interpersonal Skills
The core of the financial sector relies on customer satisfaction. Interpersonal skills are crucial in the financial sector and will play a big role in your day-to-day to life. It doesn’t matter whether you are in the client-facing environment or working behind the scenes. As an employee, you will be expected to create a positive experience for the customers. This will require that you have good interpersonal skills in order to effectively communicate with the clients.
6. Educational Opportunities
You never stop learning when you’re working in the financial sector or any other field for that matter. Employers are generous when it comes to career advancement. They are more than willing to pay for those online financial courses since they know the value will be felt by the company. The employers will be willing to fund masters or a doctorate degree if they find that the training will increase your professional worth. The agreement will be mutual and beneficial to both parties.
7. High Salary Potential
This is one of the packs that come with a career in finance. Graduate salaries are competitive and it gets better when you stay in the job for a while. There will always be a demand for the right candidates. You will also be in a better position to manage your finances since that is your job description.
You can never go wrong when you pursue a career in finance. There are jobs that are readily available in diverse roles. You just have to be passionate about a sub-sector since the industry is huge. You will industry-specific skills if you’re looking for looking for an exact role.