Reasons to Choose Careers in Finance

by Craig Stewart Chief of Marketing & Sales

Finance Assignment Help:

Finance is a broad term used to describe two activities- the first one is the management of money and the second is the acquisition of funds. Finance could be an interesting career option as there are so many aspects involved in it. Reasons to choose finance as a career option have been explained in the following section of Finance Assignment Help. Finance can be divided into three distinct categories- personal finance, corporate finance and public finance. Social finance is a newly emerging area in finance. Public finance includes all financial activities related to household or an individual like mortgage planning, retirement planning, budgeting, savings, etc. Personal Finance includes buying health insurance policies, savings, and investments, calculating and filing taxes, etc. Social Finance includes all the investments made in social enterprises. Some aspects of microphones are also included in the modern forms of social finance.

Here are some reasons why aspirants should choose finance as a career option: -

• Finance jobs provide high earning potential- in order to lead a high earning potential one has to acquire the right qualifications and choose the right area of interest within the financial sector. Not only specializations but also entry-level positions offer good starting salaries.

• It offers continuous learning opportunities- The new technologies and latest software in the field of finance provide employees the opportunity to experiment and learn skills in a day-to-day job.

• The hands-on experience is valuable- The hands-on experience, knowledge, and skills gained in the financial field help in financial planning, personal finances and also in other career paths. For example- knowledge of accountancy can be applied in the different financial field as well.

Accounting Homework Helper:

Finance and Accounting both are a completely different field or subjects. Despite the differences, both are closely related to each other. As already discussed, finance is a broad topic and includes almost all the aspects used in accounting. Finance makes the use of data used in accounting such as a cash flow statement, balance sheet, profit and loss statement and many more. It would be difficult to finance to make future decisions without the involvement of accounts or accounting. The relationship between Finance and Accounting has been explained in the following section of Accounting Homework Helper.

Here are some points that illustrate the relationship between Finance and Accounting: -

• Finance sector basically deals with financial reports, financial management and everything related to finance. We know that financial reports use data such as a cash flow statement, balance sheet, and profit and loss statement. These data are used in accounting or are a part of it. Hence, finance is related to accounting.

• The financial decision makers rely heavily on accounts and accounting reports.

• The balance sheets reflect the financial position of the company at a particular date and time.

• Finance uses data from accounting and also from other fields like costing, statistics, taxation, economics, etc.

About the Author:

Craig Stewart is an author of this article who writes about the importance of Finance Assignment Help. He has also written about Accounting Homework Helper.