The book Careers in Finance has been prepared by the Financial Management Association International to assist college-level students of finance and business in evaluating alternate career paths and in linking their educational experience to their career aspirations. Specifically, Careers in Finance is designed to provide information on what professionals in finance do, what type of decisions they make, on what types of interrelationships they must deal with, and what skills and abilities they must have to be successful.
Careers in Finance
Table of Contents
Section I - Readings in Careers in Finance
Corporate Finance
Career Opportunities in Treasury Management
Career Opportunities in Corporate Finance
Financial Analyst
Investor Relations as a Profession
Financial Engineering
Careers in Risk Management and Financial Engineering
Financial Planning
Comprehensive Personal Financial Planning: A Career Opportunity Worth Considering
Investments
Career Advice for Entering the Investment Profession (An Interview)
Careers in Investment Analysis
Focus on Careers: Becoming a Market Maker
Investment Management's Future
Stockbroker
Insurance
Career Opportunities in Insurance
Real Estate
Career Opportunities in Real Estate
Financial Institutions
Commercial Banking: The Career Path and Preparation
Investment Banker
Personal Trust Administration
Section II - Job Descriptions
- Accounting
- Banking and Financial Institutions
- Consultant - Management Level
- Corporate Finance
- Corporate Taxes
- Insurance
- Investments
- Real Estate
- Working Capital Management
Section III - Perspectives on Education
Opportunities and Challenges
The Benefits of an MBA: A Comparison of Graduates and Non-Graduates
Section IV - Certifications and Designations
Certified Cash Manager
The Value of Having a CCM - A Commentary
Certified in Financial Management
Certified in Management Accounting
Certified Public Accountant
Chartered Financial Analyst
Insurance Certifications
Real Estate Certifications
Sample Job Description
CORPORATE FINANCE.
JUNIOR ANALYST - FINANCE, PLANNING AND ADMINISTRATION.
Basic Function: Review the company's business plans and annual budget and analyze and summarize various financing proposals sent to the company..
Primary Responsibilities and Duties
Assess the financial markets
Prepare a competitive analysis of the industry
Prepare and review the corporate budget and business plan
Provide financial research services and implement any decision taken in order to manage overall capital structure
Gather, analyze, and summarize pertinent treasury information in report form
Develop sinking fund strategy for repurchase of company bonds
Implement borrowing decisions
Participate in financings of a corporate and project financing nature
Prepare specific management reports regarding financial performance as well as financial market performance
Prepare for rating agency reviews
Implement approved financial plans and policies
Analyze, design, and implement a variety of computer based information systems for worldwide treasury application
Types of Decisions
Determine company liquidity requirements
Evaluate externally submitted proposals and determine whether they make economic sense for the company
Determine whether requests from other locations meet specific guidelines of corporate policy
Organizational Relationships
Report directly to the manager of finance, planning and administration
Education and Experience
MBA
Representative Skills and Knowledge
Requires:
In-depth knowledge of short-and long-term financial markets
Background in quantitative analytical techniques
Knowledge of basic and advanced corporate finance principles, combined with mathematical and statistical analysis
of finance alternatives
Use of quantitative methods on the interactive computer
Knowledge of general economic/financial interrelationships as they affect the financial markets and business plans
Knowledge of computer-based approaches to managing debt information requirements
Ability to participate on special study teams or task forces
Other
Interpersonal skills and ability to communicate clearly are prime requisites
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