Highest Paying Career Opportunities for Finance students

So you are a student of Finance? In that case, you must be looking for all the career options that are available for you. Remember, finance is one of those aspects of business that would never fall short of demand. In fact, the entire business world is surviving and thriving because of the continuous cash flow. Now, cash flow needs several regulatory measures and there is a massive demand for the rightly trained professionals who can look after a company’s financial health. After all, corporate finance is the cornerstone of any organization’s successful utilization of funds. Gone are the days when a finance graduate or MBA only had the option to pursue his/her career as an accountant or financial advisor. Today, globalization has opened up a lot of avenues for finance professionals. So, what are the most lucrative career options in this modern era?

 Financial Analyst

The role of the Corporate Financial Analyst is to monitor the company’s budget and deal with the estimation of the organizational revenue and allocation of the same for different aspects of the business. Depending upon the scale of the company you are hired for, you might also need to take decisions regarding the leasing or purchasing of any industrial equipment by evaluating the consequences of the decision on the company’s bottom line. In short, a financial analyst is responsible for taking all financial decisions of the company with the sole aim of profitability and sustainability.

Cost Analyst

As the name of the profession suggests, the Cost Analyst’s duty is to assess the cost of the products and services that a company produces. The person is also responsible to figure out ways of reducing their organization’s operational costs. Among all the sectors, those companies involved in manufacturing are the ones with higher demand for cost analysts.

Credit Manager

All the organizational credit decisions are the brainchild of the Credit Manager. All credit related decisions like the amount of credit to be given to the suppliers, how much receivables are to be collected by when, rate of credit, security of the receivables, etc. are among the vast responsibilities that the Credit Manager has to look after. For excelling in this profession, the candidate must have an in-depth knowledge regarding the reading of financial statements and also must understand the customer in order to take better financial decisions.

Cash Manager

Every company needs to monitor its cash requirements and cash flow. The responsibility of the Cash Manager is to manage both the short term and long term cash needs of their organization. In order to do that effectively, the manager might require maintaining good relations with the lenders and banking. He/she might also require examining the potential investment options on their company’s behalf in order to ensure maximum returns over the long term. The profession demands strong negotiation skills, since the candidate might require bargaining with fund lenders. As the economy is getting stronger, the industry would witness more demand for cash managers.