Finance Jobs Pros and Cons

There are three kinds of college students. The first one chooses a major he is passionate about and wants to work in the industry. The second decides on a major where he has the potential to earn a lot of money in his future career. The third one is undecided on what his future will be. With most homes still struggling financially, most of today’s students fall into the second category, often going for careers in law, finance, and other high-paying jobs.

These careers are not made without a lot of toils. This is especially true in finance. If you are considering getting a job in the financial industry, understand that there are pros and cons.

The advantage of finance jobs in terms of salary is that they offer highly competitive rates. They will pay you high amounts of money, so they make more money and lose less. The company you will be working for will dump most, if not all, financial matters on your desk, and it’s your job to sort them out.

When you say competitive rates, there’s an emphasis on “competitive” because you also have to stay competitive to maintain those rates. This translates into much more work and higher stress levels, leading to burnout if you don’t manage it effectively. High wages waiting for you in a finance job is also a disadvantage.

The hours you work will depend on your job position. For instance, you have complete control over your hours if you’re a financial consultant. You can work when you want and get paid for when you do. The downside of this benefit is that you will need to be good at what you do to survive the industry. Otherwise, you won’t be in demand at all.

Job security is another pro-con of financial careers. The upside is that there’ll be no shortage of clients as long as businesses are opening up. The downside is that some companies tend to hire when business is flourishing but lays off financial guys when it is not. To counter this, you have to do your job well.

Notice that a financial job’s advantages are its disadvantages as well. It is best to remember this to mentally prepare for the hurdles coming and not get shocked at how seemingly challenging a financial career may be.

Source by Marion S Wendell