If you are attending an interview, it is common practice for the hiring manager or interviewer to ask why you want to work in the industry you are applying for.
This is because the business wants to gauge whether you possess a good understanding of how the industry works and how committed you are to the role in question.
If it is a finance-related job, then you might be asked the question: “Why do you want to work in finance?”
Finance is well known for its dynamic work environments, and with the technical advancements that are continuing to evolve the industry, it is up there with one of the most covetable industries.
It is almost certain you will be asked: “Why do you want to pursue a career in finance?”
The Best Answer To “Why Finance” In An Interview
Why work in finance?
Here are four reasons professionals may choose to work in finance:
1. Pay packages
Below are some ways you could earn money in a finance career:
Rather than rewarding employees based on seniority, companies in the financial sector often promote professionals based on performance. This means that those who have just entered the field may be able to advance their careers quickly by performing effectively. For example, if youre interested in becoming a financial analyst, you might focus on developing long-lasting connections with clients and earning relevant certifications to gain a promotion and earn a higher salary.
3. Accessible entry-level positions
While the level of accessibility for entry-level finance positions varies based on the organization to which youre applying, companies often offer aspiring finance professionals a variety of ways to start their careers. For example, you could create connections at your target company by applying for an internship and using it as a way to transition into a permanent role. You could also use your professional network to learn about entry-level job openings.
4. Opportunities for professionals with a variety of skill sets
Professionals in finance have opportunities to employ many skills, including:
5 finance careers
There are a variety of careers you can consider in the finance industry. Depending on your skills, interests and background, you may consider different types of finance work environments and responsibilities engaging. Here are five examples of positions you can consider in the finance industry:
Primary duties: Financial analysts manage portfolios, oversee mutual funds and determine the risk associated with a clients investments. This can help them provide clients with accurate financial advice and manage investments on their behalf. Whether their clients are individuals or companies, financial analysts typically aim to support their clients in making effective financial decisions. These professionals also follow market trends and catalog relevant data.
Primary duties: Financial advisers typically help people manage their money more effectively, often working with their clients one-on-one. They can help clients invest to prepare for large financial commitments such as retirement or attending college. To support their clients during this process, a financial adviser might check in to ensure their clients are saving funds at the right rate. Some financial advisors also help clients identify what financial goals are right for them to pursue, review their insurance needs and help them with taxes.
Primary duties: Financial managers take care of a business or organizations finances. They may work closely with the executives of a company, analyzing data, preparing reports and making recommendations based on that data. Some of these professionals specialize in a certain area, such as insurance or credit.
Primary duties: Loan officers review loan applications and decide whether a candidate or business is eligible to receive funds for a large investment. These professionals sometimes meet with candidates to review their financial information and make a recommendation on an appropriate loan. Loan officers may specialize in certain areas like mortgages, commercial loans or consumer loans.