The current outlook by the National Association of Colleges and Employers, NACE (2014) indicates that employers seek to increase starting salaries so as woo applicants. Therefore, a career in finance would be considered as financially rewarding.
The financial industry has a myriad of benefits to offer. Generally, financial services industry has been noted to offer compensation structures that are much more generous as compared to other sectors of the economy. Secondly, the lean nature of a majority of the players in this industry minimises bureaucracy in financial institutions. A majority of them do not follow a highly formalised structure, thus the ease of interaction between the junior and senior employees. Save for insurance and banking, Lombardi (2012) observes that investment management, investment banking, securities trading and financial advisory are less bureaucratic and more remunerative. Moreover, career advancement in the industry is highly regarded and based on performance. Thus, a career in business finance could particularly favour the ambitious people like me. Finally, the Association for Financial Professionals provides opportunities for those undertaking careers in finance to network, receive appropriate training and get involved in research. This provides numerous opportunities for growth in the industry. Other benefits cited by NACE (2014) include medical insurance, dental insurance, life insurance, annual salary increments and employee assistance such as counselling.
Employers in finance look for certain critical skills in a prospective employee. According to NACE (2014), these include communication skills, including the verbal and the written aspects, analytical or quantitative skills, leadership, cooperativeness, problem-solving skills, detailed orientation, computer skills and strong work ethic.