Why a Career in Finance is a Smart Choice in 2021

Why a Career in Finance is a Smart Choice in 2021

Digital advancement and enhanced Financial Technology are rapidly revolutionising the financial for working professionals from personal finance to commercial institutions. In particular, two developments are driving this digital revolution: leveraging in a massive gig worker market and the growing power of giant internet companies.

Financial modelling is also a term that is becoming very common these days. It is a great career field that helps in accelerating your growth. This field is getting so much momentum lately because of the skills a financial professional has mastery in.

Everyone is now focusing on their financial aspects first and then concentrating on other life decisions. Finance is a great field to pursue because it gives so much knowledge about investment strategies, analysing data, forecasting future performance, and so on. The awareness of the financial industry has expanded so much that everybody is looking out for finance as their career leading path.


Emerging Trends in the finance industry

Finance and accounting experts spent their entire 2020 wrestling with new issues. But in 2021, the growing financial trends and opportunities have necessitated the accounting team’s time and attention to ensure maximum success and growth.


Here are some of the emerging trends in the finance industry that you must be aware of:

  1. Environmental, Social and Governance Reporting: Even before the covid-19 pandemic, the ESG gained traction in modern business and for excellent reason. ESG reporting assesses organisations in meeting customer demands for increased corporate responsibility while also serving as a vital metric for reducing organisational risk. ESG standards have become a much more critical component, and as a result, businesses need to measure their environmental, social and governance activities.


  1. Automated Accounting: In 2021, we noticed correctly applied automation that has added more than 91 % of businesses to improve compliance. The function of automation in strengthening human accountants is the fundamental reason why it is here to stay. A better production level automation can eliminate misunderstanding minimise errors, reduce time waste and make slow-moving procedures a think of the past that has gone behind.


  1. Cloud-based Accounting: Because of its capacity to battery distributor digital resources and eliminate the need for physical gear, the cloud quickly becomes a popular solution for accounting businesses. Accounting organisations benefit from cloud-based service providers because they take care of many software updates and system integration, freeing up internal IT personnel to focus on more critical responsibilities related to financial modeling.


  1. Increment in Digital Payments: According to the Accenture report, 75% of bank executives believe that covid-19 has raised the urgency of their efforts to modernise payment systems indicating the significant shift first-hand. Digital company payments are expected to eliminate any unnecessary back and forth of manual invoice processing and saving time across the board. The labour costs are also reduced by digitising the payment options.


  1. Data Analytics: Along with cloud-based technologies and automated accounting, Data Analytics is expected to create waves in the accounting industry. It is not very new for accountants to use Data Analytics to assist clients in gaining valuable financial insights and identify process improvements that might help organisations use efficiency or better manage risk. The benefit of Data Analytics resides in its capacity to provide organisations with a clear picture of the performance allowing for better decision making.


Different career options in finance for professionals-

Finance plays a critical part in carrying out economic development and expansion activities. To assist you in understanding the industry needs, here are some of the list of employment opportunities you can go for after a finance degree.

You will require a bachelor’s degree and a solid understanding of financial management concepts. A background in economics, management, mathematics, accounting, and auditing is ideal for this field.

You can also work for a few years before focusing on a specific subject. Project work and internships are typically part of the curriculum in finance schools. These resources might also help you get a leg up on the competition by offering various learning and networking opportunities.

Senior financial positions will demand you to combine your professional knowledge with technical expertise and management abilities. MBA in finance and MS in finance or two of the most popular programs for those interested in this field. Several certifications are available for those who desire to maintain the highest quality of practice in their professional lives.


Here is the list of job opportunities in the field of Finance-


  1. Public Accounting- Accounting is a broad subject of study and practice that encompasses many financial services. In general, it is concerned with recording and maintaining a public entity’s company’s cash flow. Public accountants also provide recommendations and reports to help clients reduce costs, increase revenue, and enhance their financial health.


As an accountant, you can work in house to assess businesses and get their finances in order, determining the soundness of investment and forecasting long-term objectives.


Graduates with a bachelor’s degree in commerce and business administration should consider pursuing the CPA certification to work as a licensed international accountant. Higher education can help you distinguish yourself from your competitors while applying for this career position.


  1. Corporate Finance- Corporate finance is a sub-discipline of Finance that deals with providing funds for business purposes. It deals with capital restructuring, investment decision making and sources of funding. The following are some of the essential job functions in the field of corporate Finance-
  • Risk and profit must be balanced.
  • Economic developments are being studied and forecasted.
  • Reviewing company information and making recommendations for improvement.
  • Increasing the stock’s worth.
  • Choosing the investment portfolios and managing finances.
  • Performing financial risk Management-related duties.


  1. Portfolio Management-  Portfolio management is a mix of business in science because it is necessary to understand enterprises, mathematics, and Analytics. As a portfolio manager, you don’t need to obsess over individual investments; instead, you consider your clients’ total investment mix, including institutions or individuals.

It would also be your responsibility to advise the organisation on investment policy and asset allocation decisions. Employee experts must attempt to optimise profits at a negotiated risk in portfolio management.

This would require a SWOT analysis of the domestic and international markets in areas like growth versus safety, dept versus security, etc.


  1. Commercial Banking- Businesses can use commercial banks for a variety of services. Savings and current account debit and credit cards, private housing education, and other roles are also available. Financial statement analysis, competitive position analysis, and industry analysis are all part of commercial banking.

In the banking industry, there are various sorts of roles, each leading to different skill sets. Credit analyst, banking associate, account manager, trust officer, mortgage banker, branch manager are some of the most prevalent jobs in commercial banking.

In today’s Technology-driven world, financial services are continuously developing, and as a result, you must make a career decision that focuses on the future. Commercial banking is considered a desirable choice for many aspirants because of decent working hours and pay packages.


  1. Financial Planning: Financial advisors are needed by individuals and businesses to ensure current and future financial stability. Reviewing financial statements and cash flows and developing methods for saving and investing that are tailored to the client’s needs are all part of a career in financial planning.

You can also specialise in one or more areas such as tax planning, retirement planning, wealth management, investment growth, estate planning and so on.

Here are some of the few places where financial planners are employed, and they are as follows:

  • Knowledge processing organisations.
  • Finance journalism
  • Self-employment
  • Asset Management companies
  • Wealth Management and Financial service firms, and so on.


  1. Internal control and Compliance- managers and administrative authorities are enlisted by compliance services to guarantee that all procedures and activities correspond to applicable laws, ethical practices, and standards. Companies strive to avoid reputational and financial damage as a result of regulatory non-compliance. As a result, compliance officers play a huge role in ensuring that the businesses are running smoothly. Financial compliance departments in corporations are responsible for safeguarding investors and ensuring transparency. Their job responsibilities significantly contribute to reducing financial fraud and system risk.


  1. Risk management- professionals in risk management are skilled in identifying market hazards and recognising poor investment outcomes. Their primary goal was to maximise earnings while minimizing risks systematically. They use their mathematical power and analytical reasoning skills to help their clients with various commercial issues. Some of the job roles for risk Management professionals are the manager of financial risk, operational risk, digital risk, enterprise risk, and supply changes.

Before moving further with these finance-related fields, it would be best to evaluate your options and note down a strategic plan to make your personal and professional objectives. If you can work on analytical and business intelligence skills, various data science or business analytics programs can work for you.


Best entry-level jobs in finance

Before pursuing an MBA, it is frequently beneficial to have several years of financial or business work experience to get into these best entry-level jobs in finance.

First and foremost, you know what is to be done. You must gain access to entry-level jobs to go further.

  1. Financial Analyst- Financial analyst works for various companies, including investment firms, consulting firms and other corporations. They generate reports, conduct business research and develop forecast models while aggregating and analysing budgets and income statement predictions. This studies the economy, industry trends and business fundamentals. They also frequently make recommendations for investments, financial performance and cost reductions as well.


  1. Investment banking analyst- investment banking is one of the most respected financial sector segments while assisting individuals, organisations, startups, and even governments with funding needs. For both institutions and individual investors, investment banks underwrite new loans and equities for all types of enterprises, assist in selling securities, take companies public, and facilitate mergers and acquisitions and brokers swaps.


  1. Credit Analyst- Many people get confused in understanding how to become a credit analyst. For becoming a credit analyst, you usually require at least a bachelor’s degree with a good background in finance and accounting and other fields related to it. A solid experience is a must for acquainting credit analysts.

Do you know what a credit analyst does? Credit analysts assess whether a borrower will repay the debt by looking at the borrower’s financial and credit history and deciding whether the subject’s financial health and economic conditions are conducive to repayment.  You need to have various credit analyst skills to pursue this role. Those skills include knowledge of industry ability to multitask, being well-versed with finance software, due diligence and so on.


  1. Personal financial advisor- Individuals’ financial needs are assessed by personal financial advisers who then assist them in making decisions about investing, budgeting, and saving. From tax preparation to retirement planning to estate planning, advisors assist clients in strategising for short and long term financial goals.

There are various other entry-level job profiles in the field of finance other than the ones featured above. The above-featured job roles are higher in demand and offer an excellent package to professionals.



Finance’s role as a future generator of growth and employment is similar to what software services have a complex will become increasingly important in global markets. The finance role is no longer just a support function because of the advent of worldwide interconnected markets, enormous technological advancement, and changes in the investment landscape. Banks and Financial institutions quickly implement a new generation of AI-enabled technology to automate financial functions such as operations, wealth management, algorithm trading, and risk management. This would increase a lot of opportunities in the field of finance in the coming years.



Getting your hands in finance accounting and other fields related to finance demands careful planning and dedication. It is a fiercely competitive sector, so you need to treat the application process as a job in and of itself. You need to make every effort to network and stay up to date on all the latest Financial news.

Try to develop your expertise seek additional education if necessary and be as productive as possible and maintain a good attitude.

Finance is a leading career, and if you play your research game well then you can enter into the world of finance. You may not enter into exactly your dream job but your goal is to get inside this castle and explore more options in this field of finance.

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3 thoughts on “Why a Career in Finance is a Smart Choice in 2021”

  1. […] are always new opportunities for those with the right skills and qualifications. Additionally, finance is a great career path that can be applied to a wide range of industries, which means you can work in finance in almost […]

  1. Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.

  2. Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.

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