Finance Jobs Pros and ConsJacob
There are three types of university students. The first one chooses a specialty that he is passionate about and wants to work in the industry. The second is one who chooses a specialization where he has the potential to earn a lot of money in his future career. The third is undecided about what his future will be. With most households still struggling financially, most of today’s students fall into the second category, often going on to careers in law, finance, and other well-paying jobs.
These races are not done without a lot of work. This is especially true in finance. If you are thinking of getting a job in the financial industry, understand that there are high pros and cons.
The advantage of financial jobs in terms of salary is that they offer extremely competitive rates. The company you will work for will put most, if not all, financial matters on your desk and it’s your job to figure them out. They will pay you large amounts of money to earn more and lose less.
The fact that there are high salaries waiting for you in a finance job is also a disadvantage. When you say competitive rates, there is an emphasis on “competitive” because you must also stay competitive to maintain those rates. This results in much more work and higher levels of stress, which leads to exhaustion if you don’t manage it effectively.
The hours you work will depend on your job. If you are a financial consultant, for example, you have full control over your hours. You can work whenever you want and get paid when you do. The downside to this benefit is that you will need to be really good at what you do to survive in the industry. Otherwise, you will not have demand.
Job security is another advantage of financial careers. The good news is that there will be no customer shortage while businesses are open. The downside is that some companies tend to hire when the business flourishes, but fire the financiers when it is not. To counter this, you just have to do your job well.
Keep in mind that the advantages of a financial job are also its own disadvantages. It’s best to remember this to mentally prepare yourself for the hurdles to come and not be surprised at how seemingly difficult a financial career can be.