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Wednesday 21 April 2021
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Understanding careers in the financial sector

financialsector

A career in the financial sector, while challenging, can be very rewarding both professionally and financially. This is one reason why many people consider a career in the sector. There are also many career options that a person can choose from that cater to different interests and skills.

Types of careers in the financial sector

Corporate finance is one of the careers to be found in the financial sector. This job involves finding and managing capital required for the running of a company. The objective is to do this while ensuring corporate value maximization and financial risk reduction.

Investment banking is another career that involves helping to get corporate securities issued and availing these securities to investors for purchase. It also includes trading securities and offering sound financial advice to corporate and individual investors.

A career in hedge funds would involve being a financial analyst, portfolio manager, marketing manager or trader, among others. The work would involve buying or selling a wide range of financial products and assets in these private investment funds, which are largely unregulated.

Yet another career is becoming a private-equity professional involved in helping companies find capital for expansion purposes and for their current operations.

The qualifications required for a career in the financial sector include an undergraduate college degree, preferably in finance, followed by a graduate degree such as an MBA, and further professional qualifications such as the Certified Financial Planner or Chartered Financial Analyst.

There are many advantages to working in the financial sector, including high compensation packages, faster advancement opportunities and availability of financial internships for easier entry into the industry.

Wes Edens: a successful player in the financial sector

Wes Edens has found great success in the financial sector. He is a principal and Co-Chairman of the Board of Directors of Fortress Investment Group LLC. The profile of Fortress Investment Group and Wes Edens on Wikipedia describes the company as one of the world’s leading investment management firms, involved in managing alternative assets in liquid hedge funds, private equity and credit funds. The huge success of this firm underpins Wes Edens’ ability and expertise at managing investment portfolios.

A career in the financial sector is bound to be extremely challenging but ultimately very rewarding. Due to this, you should expect to find a lot of competition, but if you stay the course, you will have embarked on a very fulfilling and exciting professional journey.