A career in corporate finance has everything you could need and want after watching movies like the American Psycho; money, power cars, apartments, the whole shebang. The more you climb the corporate ladder, the bigger the house, the faster the car.
In short, it is lucrative enough to guarantee people thronging in, despite it being a pretty boring subject as far as academics are concerned. So, as lucrative and flashy as it may be, we all know not all jobs in finance come with the same glamour. So, which types of careers in corporate finance are the best? We take a look,
While there are many positions to fill in the corporate finance sector, only the top portion reserves the right to have fun. The lower strata, unfortunately, lives the same 9-5 lives any retail worker or any other worker has.
Those at the top of the corporate finance food chain are the people to be; the jobs to have. The following 8 jobs are considered the best type of careers in corporate finance; they pay good, the ones holding down the jobs live good and most of all, they are pretty prestigious careers to have.
Top 8 Types of Careers in Corporate Finance
These careers are specifically in corporate finance; the branch of a corporation that itself deals with the vast finances and the presents the overall fiscal policy and outlook.
- Financial Analyst
- Cost Analyst
- Credit Manager
- Cash Manager
- Benefits Officer
- Real Estate Officer
- Investor Relations Officer
We start with the most common job in corporate finance, one that everybody on Wall Street and elsewhere seems to have.
A financial analyst is sort of a large-scale budgeter, one that actually prepares the whole financial outlook of a country for the fiscal year. The job requires a person to have a complete grip on finance strategies and theories that could help with the whole budgeting process.
As a financial analyst, the job also requires for the person to keep a keen eye on the company expenditures and investigate any deviations.
A cost analyst’s main job is to compute and compare the cost-to-benefit ratio and other costs and make a decision over which suits the product and the company best. The person on the job will also be responsible for identifying potential cost-cutting measures. Activity costing is also required by any person taking up the mantle of a cost analyst.
A credit manager, as the name suggests, is involved in the credit decisions of the company, how much credit is to be given to the suppliers, the rate, credit guidelines, collection of receivables, and their securitization are all decisions taken by a credit manager.
This profile requires in-depth financial statement analysis and complete knowledge of the customer profile so as to make strong decisions.
The cash manager manages all the short-term as well as long-term cash requirements of a company. It involves maintaining a healthy relationship with banks for short-term credit needs, safeguarding the company’s interest by having adequate working capital, and investing the surplus cash in such avenues that can give sufficient interest.
Is concerned with all the perquisites and the benefits a corporation might provide to its employees. Includes any insurance dealings (health, auto) that are add-ons provided by the company to the employee.
Real Estate Officer:
Real estate officer, as the name suggests, has to deal with the real estate issues of a company, be it purchasing a piece of land, negotiating lease terms and conditions with the opposite party, acquiring real estate properties, and evaluating them. It requires thorough commercial knowledge of real estate along with finance.
Investor Relations Officer:
This job role comes into the ambit of PR and advertising since it involves maintaining good relations with the top executives, replying to institutional investor queries, organizing investor teleconferences, issuing a press release for corporate events, and circulating financial information about the company value for the investing public.
Treasury Management is an all-encompassing function of any company; it gives a holistic view of all the duties and functions performed by the other departments by keeping a check on their activities. A treasurer’s job role involves supervising the treasury department.