Accountants, CPA's, and analysts must go through significant educational requirements before finding finance jobs. Stockbrokers, Registered Representatives and financial advisors are basically salesmen in the finance industry. It's a sink or swim finance career.
When Wall Street began losing jobs in late 2000 and for several years after, many brokers and advisors began careers as mortgage processors or mortgage brokers. The mortgage finance industry was booming.
The problem with mortgage finance jobs is that it is a very cyclical business and it relies on constant new business and referrals for the brokers to earn money. The quickest way into a good investment or finance job or career is to get a job as a financial advisor or broker.
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.
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.
Of course the finance jobs created in this way will be for the best brains in finance.
Of course, the companies are not likely to be overtly looking for finance experts to help them address the financial crises.
The current rough state of economy doesn't mean that there will be absolutely no finance jobs. So if you are a finance professional, and happen to be looking for a finance job in these tough economic times, here are three steps, which if properly taken, can push you ahead of the pack in the competition for the few finance jobs available
Many employers are also increasingly turning to these finance recruitment agencies even for jobs which don't necessarily involve head-hunting, like commerce and industry accounting jobs and other middle office finance jobs.
This means that anyone looking for any sort of finance job is best advised to at least deposit their resume with the one of the major finance recruitment agencies.
The generalized areas of finance are namely business, personal, and public finance. In the financial market, graduates seeking good finance jobs have to face many obstacles. Finance jobs offer very good financial rewards, if an employee is extremely qualified.
The finance market was doing well at that time, and finance jobs were available in plenty. Jobs in the finance sector were not confined only to the financial markets. The remaining students got jobs in middle office finance in public sector.
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