Society of Financial Service Professionals: Finance Careers

Careers in Finance
Student Name
Professor Name
Course Title
Date
The field of finance presents a multitude of career options. The three main categories of finance include personal, corporate and public finance. The three categories provide many chances of job opportunities ranging from corporate finance, investment banking, and financial planning. This paper will focus on career options of corporate finance and financial planners. A career in corporate finance would involve running financial activities of a corporation, by making decisions on viable avenues to invest corporation capital. Apart from handling capital investment, corporate finance is also responsible for sourcing funds for implementing long term goals such as expansion. The funds may be borrowed from a commercial bank or raised through a rights issue if the corporation shares are publicly traded. Corporate finance is also tasked with ensuring there is enough liquidity to carry out corporation daily operations and meeting its current liabilities, when are due. On the other hand a career in financial planning would involve assessing business or individual short and long term goals and hatching a plan to achieve those goals (Baker et al., 2004).
According to Hanna & Lindamood, (n.d) financial planners are tasked with providing advice and plan on investment by assessing the risk sand calculating the return on investment. Considering factors as risk and return on investment helps the financial planners in providing a right choice of investment to a company or an individual. Financial planners also offer tax planning and guidance on retirement saving plans.
Corporate finance and financial planner position play key roles in adding value to the company. As noted by Baker et al., (2004) corporate finance position is responsible of making sound investment decisions such as setting dividend policy when company shares are traded publicly. Dividend policy which presents high return on investment to prospective investors was suggested to attract more buyers when company shares are issued. Corporate finance position append immense value on company by not only making sure all company current obligations are met, but also look for cheaper, reliable sources of funds to assist in realizing company objectives and goals.
On the other hand, financial planners awareness on the present financial situation assist in adding value to companies and individual by providing sound financial plans which assist in making informed decisions when investing, arranging for retirement and paying taxes (Son, Hanna, Stafford, & Cosslett, 2012).
Sussman & Dubofsky, (2016) notes essential skills required to be successful in financial planning career. Communication and interpersonal skills are imperative in financial planning work. Financial planner work mostly involves providing a financial plan and advice to corporations or individuals which aid in making informed decisions. The plan and advice given to individual and companies should be communicated in a way easy for clients to understand. ...