Making a career in corporate finance implies that you will have to work for a company and assist them to find finances to run their business, grow their business, making acquisitions, planning for their future finances and also to maintain a cash reserve on hand. This career option can give you a chance to work with a multinational company or with start-up companies that may be a smaller player but will have immense opportunities for high growth and better prospects. The responsibility in these jobs comes in rapidly and so you are required to cultivate skills in problem solving that will be required very quickly. These jobs will also include:
- Designing, putting into practice and checking out financial policies
- Planning out and also executing financial programs
- Organizing cash resources
- Maintaining a clear path for communicating with the financial community as well as investors
- You will have to work in a team that assists you in your work
- Identifying and tackling business problems that have great impact on the business and that really matters
- You will be required to travel if required for some financial meetings
Getting a job in corporate finance is not very simple as you require specific educational qualifications for this job. For basics, you would require to have gone through secondary school and acquired good grades. Once done with that you will have to proceed to college and acquire a degree in economics, accounting, math, finance or even in statistics. Once you are done with this you will be eligible for a corporate finance job but only educational qualifications will not work for you and you will be required to have some qualities and skills which include leadership, listening skills, patience, an instinctive sense of the market trends, communicative skills, knowing various languages and many more.
In corporate finance the jobs are not only restricted to the post of financial analyst but instead has a very wide spectrum of prospects. The designation that you can apply for once you get experienced as a financial analyst are credit manager, cash manager, benefits officer, real estate officer, Investor relations officer, and controller. These are the posts which will enable you to earn more once you have acquired a reasonable amount of experience in this field.
If you are selecting corporate finance as your career you would certainly want to know the remuneration that you are likely to earn. Therefore the starting salary that you can expect possessing a bachelor's degree could be in the range of $35,000 to $50,000. In the scenario that you have acquired an MBA, you can expect the salary in corporate finance to be around $55,000 to $80,000. You will be eligible for a junior financial analyst in corporate finance if you possess a bachelor's degree. If you possess MBA degree you would be eligible for the spot of financial analyst in a corporate finance organization.
At the time of finding a job you need not be disheartened or confused. Instead you need to get a focused perspective on your goal based on a self-assessment of your strengths and weaknesses. A career in corporate finance is to be looked upon as a journey you undertake and it is imperative that you learn from your mistakes. Choosing corporate finance as your career will give you access to endless opportunities if you are a degree holder. There are mainly two benefits of selecting corporate finance as a career, one being that just by acquiring a bachelor's degree, you will be able to earn a decent amount of money and the other one is that you will get the opportunity to travel to various places and meet many people along the way who could potentially have a positive impact on the way you look at your career and perhaps even your perspective on life itself. However, the ultimate decision is in your discretion and building up a career in this field could certainly prove to be an exciting life experience!
