In the financial sector, having the appropriate designations can result in a big payday. For example, accountants who have designations, like CPA, will be able to earn more than an accountant without one. Other finance-related sectors such as banking or insurance have similar designations. Getting a designation is often a long and expensive process; something which may not be for everyone who is working in the financial sector. On the other hand, individuals who are interested in finance have many opportunities to explore other jobs. In today’s blog, we are going to look at some alternative jobs in finance.
Economists are financial experts who examine the relationship between society and economic principals. The findings of economist may lead to a creation of new policies which influence how finances are handled. Economists may influence policies such as: interest rates, tax laws, trade agreements, or even corporate strategies. They may work in many fields in both private or public sector, academia, or government as well. Because this is a highly skilled job, economists tend to have higher education such as a Master’s or PhD.
Budget Analysts help organizations with the allocation of their finances. They must consider their organization’s current budget and create plans to ensure financial resources are used appropriately. Budget Analysts do this by developing, analyzing and executing well-planned budgets. They must also consider future financial needs which may arise. Budget Analysts may work in a variety of sectors including private, government, non-profit, and universities. A Bachelor’s Degree is generally required for this job.
Income Tax Preparers
Income Tax Preparers are especially in demand during the early parts of the year because of "tax season." Working with clients, Income Tax Preparers collect information and materials required for reporting income tax. They do this by conducting interviews with their clients and filling out the appropriate forms. They may work for tax offices or other organizations which provide tax services.
Loan Officers evaluate and process loan and credit applications. They work closely with their clients in order to recommend approval or rejection of a loan. Generally, Loan Officers will interview applicants to determine their eligibility. These loans may include personal, student, business loans, or mortgages. Loan Officers may work for a variety of financial institutions such as banks, credit unions, or trust companies.
Bank Clerks process banking and financial information by keeping records of deposits, withdrawals, payments and other relevant details. They are also be responsible for providing customer service to clients. As the title suggests, Bank Clerks typically work for banks. However, other financial institutions may hire Bank Clerks as well.
Bookkeepers keep records of accounts and financial transactions. Bookkeepers may work for accounting or bookkeeping companies. Other Bookkeepers may choose to work independently and on contract with companies or individuals who require their services. Other tasks Bookkeepers perform may include preparing reports, tax forms, and other financial statements required by their clients.
Internationally Trained Individuals (ITIs) who are living in Alberta or Saskatchewan may be eligible for free one-on-one support services to help them get back to their career, or explore alternative jobs. Through Career Loans, you may also be eligible for a loan of up to $15,000 to help with the fees incurred through any training or accreditation processes. Find out more at www.careerloans.ca today!