In the not so long-gone past, many career advisers were advising young people seeking to start out a career to go into finance. The financial markets were doing well then, finance jobs were in plenty and MBA schools were bursting with young students seeking to build a career in finance. And the finance jobs were, of course, not limited to the financial markets. With a strong economy, finance graduates who couldn’t get jobs in the financial markets and investment banks could quite easily be absorbed into commerce and industry accounting jobs. Other would get middle office finance jobs in the public service, and going was good.
Then the bubble burst.
The economy went into recession mode, the financial markets shrunk and finance graduates who had taken up jobs with investment banks found themselves facing the axe, as the investment banks are the worst affected by turmoil in the financial markets. And as if on cue, companies, in a bid to cut costs, were also cutting on their head counts, thus also shaking the fortunes of the finance graduates who found commerce and industry accounting jobs in the private sector. In the midst of all this, it seems that the only secure finance graduates are those who took up middle office finance jobs in the public sector, but even this is not fear-proof for we do not know for sure what the full effects of the economic turmoil will be on civil service staffing.
So in the face of all this, what is the future of finance jobs?
It might seem counter-intuitive to say, but the future of finance jobs is still bright, in spite of the current turmoil in the financial markets. As it were, economists tell us that the current economic turmoil is largely short-term to medium term, which is to say that it won’t be with us forever. Which means that the people who chose to pursue a career in finance need not regret their choice, as better times are coming. But even before the better times arrive, the people with finance backgrounds who are currently getting laid off might not find themselves in the cold for too long.
As governments unveil the various economic stimulus plans, there will be need for people to manage the money as it goes into various sectors – which translates to some finance jobs. Of course the finance jobs created in this way will be for the best brains in finance.
And then there is the fact that all companies, like human beings, have a native survival instinct, which they are likely to find handy in these hard economic times. One survival strategies for companies in crises is to hire the experts who are likely to navigate them through the particular crises. And since the current crisis is financial, the companies are likely to find themselves hiring financial experts to help them address the economic crisis. Of course, the companies are not likely to be overtly looking for finance experts to help them address the financial crises. What we are likely to see is an increase in commerce and industry accounting jobs, but the accountants so hired are bound to be almost exclusively tasked with cost and revenue management tasks, geared towards helping their employers sail through the turbulent times successfully.
And finally the good times will surely come back again. If the history of the financial markets is anything to go by, we know that all bursts are always followed by booms.
Crone Corkill is a well known recruitment agency in the UK. Crone Corkill offers finance jobs, commerce and industry accounting jobs and middle office jobs. Crone Corkill is a well known Secretarial recruitment agency. This article provides advice about how to find the right jobs, Crone Corkill has thousands of satisfied clients throughout the UK as a secretarial recruitment agency.
The science involved in the management of funds is known as finance. The generalized areas of finance are namely business, personal, and public finance. Finance in a broader sense means saving money and many a times lend money. The financial field deals with the interrelation in the concepts of time, money, and risk. In the financial market, graduates seeking good finance jobs have to face many obstacles. Financial organizations, many-a-times, adopt very high standards for middle and upper-level professionals. A finance graduate just passing out from a university can rise quickly in this field if he chooses the right type of entry-level finance job. Entry-level professionals earn around $40,000 a year whole high-level professionals earn around $70 million annually.
A bachelors degree is the least minimum level of education for a career in the field of finance. One can find a variety of jobs in the financial industry. Financial jobs often cover a very wide range of tasks. Finance jobs offer very good financial rewards, if an employee is extremely qualified. The types of financial jobs available in the market include accountancy; corporate, commercial, and investment banking; finance and investment management; management consultancy, personal financial services, retail banking, and taxation.
In the recent past, career advisers used to advise people seeking a career, to go into finance. The finance market was doing well at that time, and finance jobs were available in plenty. Schools offering MBA degree were bustling with students who sought a career in finance. Jobs in the finance sector were not confined only to the financial markets. A strong economy meant that the finance graduates who failed to find jobs in the financial market or an investment bank could easily get jobs in the commerce and industry accounting sector. The remaining students got jobs in middle office finance in public sector. But in the current economic scenario, though there are fewer finance jobs, the struggle for getting the right job will be tougher. Good times will be back again pretty soon. If the trends are observed carefully, one can easily make out that a big boom in the field of finance jobs is to come sooner or later.
Finance and finance jobs can be quite complex, but for people who are endowed with great analytical and numerical skills, the challenges can be quite minimal. If you want to pursue a career in finance, here are a few things you might want to know:
1. Basic Requirements
Jobs in the finance industry are promising. It is one of the reasons why getting them requires a lot of effort, skills, and education. The most basic educational requirement for a job in finance is an undergraduate college degree. But when you apply for a job here, you will usually find that some applicants have in fact graduate degrees such as MBAs and other masters’ degrees.
Like other industries, finance has an established set of professional qualifications for evaluating applicants. Requiring applicants to be licensed as Certified Financial Analyst, Certified Financial Planner, or Certified Public Accountant is not uncommon in the finance industry. Careers in finance are bright and rewarding, but since they involve money, they require great care, accuracy, and attention to details.
2. Where to Find Job Opportunities in Finance
Finance institutions can be found in almost every city anywhere in the world, but many of them are located big cities. If you want to get a finance job abroad, you should consider that most companies prefer employees who can speak in the native tongue. Besides English, you should learn a second language to qualify for a finance job in other countries.
3. Job Opportunity Resources
Because of fierce competition, finding a finance job can be a challenge, but there are resources that can help you find the job you want. A lot of finance professionals join the workforce straight from college or graduate school. They found their job when financial firms visited their school and offered them work.
The school is therefore a good place to start to find work especially if you are still in studying. If you have graduated from the university, there are lots of job resources to go to including online job postings of reputable finance companies, recruitment firms, and social media sites such as LinkedIn.
These are some of the most important things you need to know when considering a job in the finance industry. When looking for a job, you will see that competition may be fierce. But if you have the qualifications and persistence, you will surely find the job you’ve been dreaming about.
Believe it or not, online gaming is the biggest thing today. Capitalizing on this huge market, app developers are constantly launching new games with the best graphics and highly engaging gameplay. Not just that, they design and create them in various formats to cater to a varied audience.
Now if you’re a diehard fan of online games, here’s a lowdown on the different genres; something you definitely need to know.
1. Massively Multiplayer Online Role Playing Games (MMORPG) – Gaming actually saw a spurt when it became social with the introduction of Massive Multiplayer Online Role Playing Games (MMORPG). The thrill and adventure lies in competing with other players, playing simultaneously in the virtual world. They are called role playing games because you take up roles as you move through the game. Most of these are not free; you have to pay to access certain premium features or to level up.
2. Real time strategy – As the name suggests, real time strategy games call for an immediate response from the players; it is played in real time. They combine strategy and action and can be highly addictive. Real time strategy includes building the inventory by gathering resources, fighting armies, building base, creating units and exploring areas.
3. Action and adventure – They are set against a story in fantasy worlds or adventure lands. They are fast-paced and involve combats with enemies, puzzles, missions and quests. Completing successive missions result in the character leveling up and earning armor, weaponry, potions etc. Unlike MMORPG and real-time strategy formats, these are generally single-player ones.
4. Casino games – Casino games replicate the real world of the casinos on the World Wide Web. Many of these are played with real cash. It offers the excitement of playing in a casino. There are also real bonuses and prizes to be won.
5. Sports games – If you are a sports buff, sports games will grab your interest. The most popular ones on the web are football, basketball and baseball. They are organized into levels. You can choose to play along, against the computer or compete against another player. Many are modeled on actual sporting events.
6. Simulation games – Simulation games are real-life situations played out in game settings. Think about the number of farming games you’ve played, or that marvelous city you’ve built or the virtual people you’ve cared for, or the pet zoos you’ve managed. If you’re looking for action and adventure, simulation games do not fit the bill. They are about time management, strategy development, decision making. Nevertheless, simulation games promise you good time.
7. Shooting games – If you get a kick out of violent games, shooting games are the one for you. It involves shooting at targets be it objects, animals or people. These games require precision and skill.
In addition to the category of games mentioned above, there are arcade and board games, card games, strategy games and puzzles. Game developers are coming forth with various titles offering hours of unlimited fun and entertainment. Choose your favorite one and enjoy yourself.