How is finance management as a career choice?

How is finance management as a career choice?

The two broadest areas in terms of career are management and finance. Finance, as a career choice, has been there for quite long. There were basically only 2 aspects under finance i.e. accounting and costing or fund allocation. However, due to advancement in technology most of the manual work has become automated, thus making the aspirants more concerned about joining these industries as there are less job opportunities as compared to earlier times.

There has been a rapid change in the finance industry due to significant developments in technology. The meaning of finance has been redefined in these few years, it’s more about investment planning, engaging in mergers and acquisitions, funds allocation, RIM (risk management) and financial engineering. These uses complicated products like derivatives, mortgages, etc. This field requires experts and professionals with the ability to take calculated risks while trying to increase the profit in the process. Careers in finance has taken a hike in all areas of economy as there is an increase in the number of corporations engaging in various activities realising the ability to profit from such ventures. Some of the major opportunities in finance are in the field of insurance and trading as there is significant amount of profit for a corporation and they would want to exploit it.