There are mainly two kinds of finance. They are broadly classified as equity finance and debt finance. These various categories are further subdivided into different types such as secured and unsecured finance. There are many options available for finance depending upon the kind of finance that you required.
Equity Finance: It is the most common type of finance as it is widely available in the financial field. It is a combination of three loans. These are home equity loans, loans from relatives or friend. Some companies also provide by way of credit card financing. In order to get into this business, you should have good credit, good income, and a professional profile.
Debt Finance: This is a different type of finance where a borrower is given money based on the value of assets that they pledge as collateral. If the borrower fails to repay the money, their asset is seized and sold to repay the loan amount. Most of the banks in the finance field offer this sort of finance where the borrower has to have an account with them. The national average salary for these jobs depends on the amount of the loan taken and the amount of equity held on the account. If the loan is a small amount, then the person will be able to get a decent amount of salary.
Public Accountants: The third largest sector in the financial services sector. There are several reasons as to why people opt for this profession. It can be a part-time occupation if you have the time to devote towards it can also be your main job. Public accountants need to have good financial knowledge as well as a decent income. These jobs require not only high educational qualifications but professional and excellent working experience in the fields of finance and accounting.
Public Policy and Policing: This is one of the three main fields of finance as it deals with taxation. It deals with financial activities of the public sector such as budgeting, borrowing, issuing of finance, regulation of capital markets, etc. For those who want to become an agent in the financial policy and law, they may need to attain certain educational qualification first. A person who wants to become the police or a private detective would require additional education and knowledge in the fields of finance and accounting.
Executive MBA: These are the most popular professional degree that most business establishments award to their employees. It is very necessary to have a good foundation of knowledge and experience in the fields of finance before you can even think of joining a good company like KPMG. However, as with all things in life, getting into the best possible finance job requires some hard work and the determination to excel at your entry-level job. At the executive MBA level, there is more room for growth as there are more job opportunities for graduates.
Public Finance: Finance deals with the financial activities of the government as a whole. Like the other three types of finance, this also requires some foundation knowledge and some practical experience. A financial planner deals with the public finances as a whole and is responsible for the management of the funds of an institution. A public finance manager manages public finance including issues related to the budgets, expenditures, risk management, and investment strategies. A bank manager manages and regulates the financial activities of banking systems such as savings, checking, and wholesale and retail banks.
If you want to have more options in choosing the best finance jobs, it is always wise to do a little research. There are different types of finance jobs that one can choose from. You can consult any number of websites, finance-oriented publications, and visit your local branch of the finance industry. It is important to understand the different types of finance before choosing the right job for you. It is also important to make sure that you get the education and training needed to obtain a particular position.
