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Looking for a new career and you have mad money management skills? The great news is just about every business utilizes money management to keep things running smoothly. This fact keeps things open for you. However, if you really want to delve deeply into the financial industry, below are four career options for the money-savvy woman.
Banks and lenders are a prime source for jobs in the financial sector. A loan officer is just one of many positions available. These are the people who assess and manage loan applications in the areas of consumer, commercial and mortgage. It’s an essential position in the banking industry that requires top notch money skills. The process has to be done correctly to avoid future problems for the lender and the borrower alike.
Though a college degree is not a requirement to be a consumer loan officer, it is if you want to work with business loans and mortgages. In this case, a bachelor’s degree in a money related field like finance, economics, or business will be a plus. Additionally, mortgage loan officers have to be licensed by completing a 20-hour course and passing an exam. The salary range for loan officers varies greatly with top earners hitting over $130,000 USD and $32,000 on the bottom. This variance is primarily due to the fact that most of these positions have commission based pay scales.
Investor Services Advisor
Investor services advisors help people to choose how and where to invest their money. They have to understand investments and how an investment portfolio is constructed and maintained. Additionally, having a track record of good results in the stock market is the kind of experience desired by companies who hire advisors.
Most positions will require at least a bachelor’s degree and proof of experience. This position comes with a nice median salary at about $89,000 USD and lots of hope for an increase. This is also the type of work you could do as a private investment consultant for your own company. Sites like this can help you learn more about how to become an investor services advisor.
If you really enjoy every aspect of money management, or you’re just really good at it, why not manage other people’s money? Again, this is one of those jobs that is plentiful in all industries. Many companies hire their own accountants as opposed to going outside for financial services. There are also several types of accountants that handle money for individuals, businesses, schools, non-profits, and the government.
Though not always the case, most companies will require a bachelor’s degree in accounting or a related field. However, to be a certified public accountant (CPA), you must complete a minimum of 150 hours of course work to be licensed in most states. The median salary for an accountant is around $67,000 USD.
Financial analysts tend to work for businesses in the private sector. They look at conditions and trends at the macroeconomic and microeconomic level. They can offer advice and recommendations to the business regarding how they spend their money and how they go about staying financially viable.
People who do this job have to understand data and how to interpret it. There is a lot of tracking and analyzing, as the job title suggests. Financial analysts earn a median salary of around $80,000 USD.