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Career Guidance: Corporate
finance
Education Main Page |
Edu.after 10th | Online study |
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Edu.Courses
Overview
Corporate finance is a broad heading encompassing accounting, commercial and
investment banking, financial services, investment management, insurance,
venture capital, and corporate development and strategic planning. If you enter
one of these fields, your job will center around helping companies find money to
run and develop their businesses, manage their assets, acquire other firms, and
plan for their financial future. A person’s experience in corporate finance
depends
on the size and complexity of the company for which they work, but jobs are
relatively stable and include many benefits, including high salaries, travel,
and numerous networking opportunities.
Experience, Education, and Skills
As an undergraduate, the best way to prepare for a career in corporate
finance is by taking relevant business courses such as financial management and
economics. An internship will allow you to gauge your true interest in the field
and gain hands-on experience – not to mention add significant value to your
résumé.
Many firms hire outstanding undergraduate students right out of college, and
some feature training programs that rotate new hires between divisions. If you
excel and develop a good working relationship with the manager overseeing the
division of your choice, you might be assigned there. People with significant
investment banking experience also stand a good chance of being hired for a
corporate financial development position. That being said, an advanced degree or
certification is enormously helpful for promotions in corporate finance,
especially if you plan to be in the field for the long haul. An MBA, CPA, or CFA
is necessary if you aspire to senior budgeting, planning, or strategy positions.
Additionally, success in this field requires strong business acumen,
mathematical prowess, adaptability, and a knack for problem-solving and critical
thinking. Detail-oriented people are needed here, as success depends on
exactitude.
Job Search
There are a number of ways to improve your chances in the interview process.
Be prepared to talk about your computer skills; fluency with Excel, VBA macros,
and Reuters and Bloomberg stations are necessary. Know why you want to work in
the particular finance field you’re interviewing for and what distinguishes the
firm you’re interviewing with from its competitors. Do your homework to
understand what’s going on with the firm and the industry. Be engaged and ask
targeted questions. (Avoid ones you should already know the answer to.) The best
way to get a job is through on-campus recruiting. Be sure to check MIT Careers
Office and MonsterTRAK postings frequently during the fall and spring recruiting
seasons to optimize your chances. And if you land an interview, stress your
quantitative and analytical abilities as well as your communication skills.
Careers Office staff members are available for individualized appointments, mock
interviews, and advising throughout the recruitment process.
More...
Careers in Finance
http://www.careers-in-finance.com
eFinancialCareers.com
http://www.efinancialcareers.com
FinCareer.com http://www.fincareer.com
Google Finance
http://finance.google.com/finance
International Finance Corporation
http://www.ifc.org
Monster.com: Finance
http://finance.monster.com
The Economist
http://www.economist.com/finance
( Courtesy:
http://www.mit.edu )
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