I Want a Career In Finance

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Possible Career Options

  • Banking
    • Audit Manager: 
      An auditor’s job is to check the financial statements of corporations and governments to make sure they have been prepared correctly and accurately. This job requires a good understanding of financial statements and computers.

    • Bank Manager:
      A bank manager oversees all of the bank’s operations. The manager will likely have middle managers for each of the different departments working for them. This position requires a number of years of experience.

    • Credit Manager: 
      A credit manager’s duties include creating guidelines for granting credit and collecting credit. This position requires a good understanding of financial statements and customer service.

    • Financial Analyst:
      Financial analysts are generally employed by investment banks. Their duties include the analysis of a company’s position for the purposes of valuation for IPOs, mergers and acquisitions, and other company needs. This job requires someone who is good with numbers, enjoys research, has a broad understanding of finance, and is willing to put in long, demanding hours.

    • Loans Officer: 
      A loans officer is in charge of evaluating and approving loans applications. They also counsel borrowers on their financial status and the various methods of payment.
  • Entrepreneurial and Self-Employment Sectors
    • Appraiser: 
      An appraiser values properties for the purpose of pricing, investment, or collateral for loans.

    • Business Analyst: 
      The business analyst manages both internal data analysis and external market intelligence. They provide interpretations of the findings and implement strategies to enable the company to increase its market share.

    • Business Manager: 
      A business manager oversees everything that takes place in a business and is one of the chief decision-makers. For larger businesses, the manager is usually in charge of a number of lower managers who run specific departments within the organization.

    • Entrepreneur: 
      An entrepreneur is someone who manages their own business. They organize, manage, and assume the financial risks and rewards of the business.

    • Financial Planner: 
      A financial planner studies their clients’ financial position and future goals to determine the tools necessary to reach those goals. They deal with minimizing tax bills, education planning for children, retirement, and sometimes short-term investing. A position of this nature requires someone with strong interpersonal skills.

    • Real Estate Agent/Broker: 
      A real estate agent sells real estate either to individuals or businesses. This involves the negotiation of the property’s sale price, potential for appreciation, opportunity to rent, and other factors.
  • Insurance
    • Actuary: 
      Actuaries use their analytical skills to assess the probability of events occurring in relation to insurance, such as casualties, health, and property. Actuaries are usually employed by insurance companies, but governments, pension planning organizations, and third-party advisors may also require them. Strong mathematical skills are a necessity for this position.

    • Claims Adjuster: 
      A claims adjuster works with people on their insurance claims after they have experienced a loss. It is important that the adjuster settles claims so that they are fair to all involved. Some adjustors work in an office while others work out in the field.

    • Insurance Agent/Broker: 
      Insurance jobs exist to help businesses and individuals manage their risk. There are numerous types of insurance, all of which will help minimize the loss if a problem occurs. The insurance agent is the person that actually sells the insurance to those who wish to minimize their risks.

    • Risk Manager: 
      A risk manager works for a company to help identify potential risks and to make recommendations for avoiding or dealing with these risks. Methods of minimizing risk vary from the use of insurance to the use of derivative securities.
  • Investments
    • Financial Analyst: 
      Financial analysts are generally employed by investment banks. Their duties include the analysis of a company’s position for the purposes of valuation for IPOs, mergers and acquisitions, and other company needs. This job requires someone who is good with numbers, enjoys research, has a broad understanding of finance, and is willing to put in long, demanding hours.

    • Foreign Exchange Trader/Manager: 
      A foreign exchange trader analyzes exchange rate movement to find arbitrage opportunities or to manage foreign exchange risk. If the arbitrage opportunity is large enough, the trader will buy and sell securities in the foreign exchange market to make a profit.

    • Mutual Fund Manager: 
      A mutual fund manager is in charge of choosing the securities included within a mutual fund and then managing them by buying and selling securities so that mutual fund customers get the highest return for their invested money.

    • Securities Analyst: 
      The main job of a security analyst is to make buy or sell recommendations to investors about stocks or bonds. It is important that an analyst know the business well so that they can make good, reliable recommendations.

    • Stockbroker: 
      Stockbrokers are in the business of selling stocks, bonds, and other investments to individuals. This is a tough business to get started in, but the rewards to a person with great interpersonal and sales skills are high.
  • Medium and Large Business
    • Budget Analyst: 
      A budget analyst is responsible for preparing and managing a company’s financial plan. Budget analysts require good quantitative skills and a good understanding of financial statements.

    • Business Forecaster: 
      A business forecaster uses different mathematical and statistical techniques to forecast the financial and business environment, variables such as interest rates, labour costs, raw material costs, and other factors that can impact the affairs of a business. This job requires a good understanding of statistics and econometrics.

    • Credit Manager: 
      A credit manager’s duties include creating guidelines for granting and collecting credit. This position requires a good understanding of financial statements as well as good customer service skills.

    • Financial Manager: 
      Almost every firm, government agency, and organization has one or more financial managers who oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. As computers are increasingly used to record and organize data, many financial managers are spending more time developing strategies and implementing the long-term goals of their organization.

    • Internal Auditor: 
      Internal auditors analyze their organization’s financial statements and related documents to check for mismanagement, waste, and fraud. They also review the company operations to evaluate efficiency, effectiveness, and compliance with corporate policies and procedures, laws, and government regulations.

    • Investor Relations Specialist: 
      An investor relations specialist deals with investors to keep them well informed of the company’s financial actions and performance. This job is challenging and requires good interpersonal and public relation skills.

    • Management Accountant: 
      Management accountants work for companies and help in capital budgeting decisions and business analysis. Major functions include cost analysis, analysis of new contracts, and expense control. Often management accountants work with marketing and finance to develop new business for their company.
  • Other Finance Related Job Opportunities
    • Economist: 
      An economist’s job is based around research and forecasts. Economists develop ways to collect and analyze data using various statistical and econometric techniques. This analysis is generally used to aid others in understanding changes in the economy and other related events.

    • International Trade Specialist: 
      An international trade specialist counsels companies on all aspects of international trade. This includes export financing, foreign exchange risk management, counselling on shipping requirements, export regulations and documentation, import requirements, foreign standards, trade agreements, and many other international issues.

    • Professor: 
      A professor is generally found in a university setting teaching students at the university or post-grad level. This position requires a PhD. in the professor’s teaching area.

    • Public Finance: 
      The market for municipal bonds is very large and calls for analysts, municipal advisors, and traders. Positions in public finance are usually difficult to obtain but offer high rewards. People with previous experience in public administration would be attractive to investment banks in this capacity.

Professional Associations and Organizations

  • Canadian Securities Institute
    The Canadian Securities Institute offers over 170 courses for widely held jobs in Financial Planning and Wealth Management, Portfolio Management, Risk Management, Investment Banking, Compliance, and Research and Analytics. Their Financial Services Career Map allows you to search and explore multiple career options and learn about the different roles and opportunities available in the financial services industry.
  • CFA Institute
    The CFA Institute provides current, comprehensive, and industry-leading educational opportunities for investment professionals and those aspiring to work in the industry. Programs include the Chartered Financial Analyst, Certificate in Investment Performance Measurement, and the Investment Foundations Program. See which programs the Institute offers - find out which program is right for you. The Career Resources Library contains a collection of materials related to managing your finance career. Check out their listing of CFA Societies. Many (including CFA Society Saskatchewan) have their own webpages with information specific to their membership, including job postings.
  • The Canadian Institute of Chartered Business Valuators

    The Canadian Institute of Chartered Business Valuators (CICBV) is nationally and internationally recognized as the pre-eminent business valuation organization in Canada. The CICBV establishes the practice standards, educational requirements, and ethical guidelines, which support and promote the integrity of the CBV profession for the benefit of its more than 1700 members. The Chartered Business Valuator (CBV) designation is the premier crediential for professional business valuators and litigation support advisors in Canada. CBVs are financial professionals governed by the Canadian Institute of Business Valuators.

    The CIBV's program of studies is valuable for those interested in business valuation, corporate finance, or litigation. A strong background in accounting or finance is strongly encouraged. See what different employment opportunities are available. 

  • Supply Chain Management Association

    The Supply Chain Management Association (SCMA) is Canada's largest association for supply chain management professionals. The association has 7500 members working in roles that cover sourcing, procurement, logistics, inventory, and contract management. Some of the largest sectors employing supply chain management professionals are:

    • Manufacturing
    • Services
    • Natural Resources
    • Retail
    • Government, Health Care, and Education

    Anyone with an interest in supply chain management can become a member of SCMA including supply chain management practitioners, other business professionals, and students considering a career in the field. Student memberships for Saskatchewan are $29 + GST (must be a full-time student). Their Careers page contains a wealth of information on career possiblities in supply chain management. And they have Member Profiles, where SCMA members explain, in their own words, the role they play in their organizations.

  • AFOA Canada
    AFOA Canada was founded as a not-for-profit association in 1999 to help Aboriginal people better manage and govern their communities and organizations through a focus on enhancing finance and management practices and skills. AFOA Canada has become the centre for excellence and innovation in Aboriginal finance, management, and leadership. It is the only organization in Canada that focuses on the capacity development and day-to-day needs of those Aboriginal professionals who are working in all areas of finance, management, band administration, leadership, and program management. The Career Centre contains more information about their CAFM and CAPA designations, and to take a look at posted career opportunities.
  • Canadian Bankers Association
    The Canadian Bankers Association works on behalf of 62 domestic banks, foreign bank subsidiaries, and foreign bank branches operating in Canada and their 280,000 employees and it continues to provide governments and others with a centralized contract to all banks on matters relating to banking in Canada. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada's Economy. he banking industry in Canada. Take a look at their list of member banks.
  • Canadian Co-Operative Association

    The Canadian Co-operative Association works with local partner organizations to help small holder farmers, traders, and producers establish and strengthen co-operative and credit union enterprises that can provide needed goods and services they cannot access or develop on their own. CCA's member co-operatives and credit unions envision a world where people everywhere thrive economically, culturally, and socially. CCA is a part of the international co-operative movement. CCA's international development mission is to establish and grow co-operatives, credit unions, and community based organizations to reduce poverty, build sustainable livelihoods, and improve civil society in less developed countries. Find out more about their projects. their partners, and find out more about how to get involved.

  • Canadian Finance & Leasing Association
    The Canadian Finance & Leasing Association (CFLA) represents the asset-based financing, equipment, and vehicle leasing industry in Canada. This industry is the largest provider of debt financing in this country after the traditional lenders (banks and credit unions). Take a look at Canadian Lease Education On-demand - a series of pre-taped educational webcasts designed to enhance your general understanding of the asset-based financing, equipment, and vehicle leasing business in Canada. Discover more about the companies in the industry by looking at their listing of member companies.
  • Canada's Venture Capital & Private Equity Association
    The Canadian Venture Capital & Private Equity Association is the voice of Canada's venture capital and private equity industry. The CVCA is a source for advocacy, networking, information, and professional development for venture capital and private equity professionals. Visit their job board to see what kinds of career opportunities are available in the industry. Take a look at the membership directory to find out more about organizations in the venture capital industry.
  • Credit Institute of Canada

    The Credit Institute of Canada promotes the importance of professionally trained credit management staff and the benefits they bring to an organization. They are the authority on credit management education and professional development. The Certified Credit Professional (CCP) designation is widely recognized as the symbol of excellence in credit management. They also offer the Commercial Credit Administration Program and the National Collector Certificate Program.

  • ACI Financial Markets Association

    ACI is a leading global trade association representing the interests of the professional financial markets community. ACI is focused on enhancing best market practice and support market participants to adhere to professional principles of ethical conduct. ACI provides a suite of specialised examinations targeting Foreign Exchange, Fixed Income, Money Markets, Derivatives, Repos, Asset Liability, Risk Management, and Conduct for front, middle, and back-office staff. Introductory Level certificates include:

  • Independent Financial Brokers
    Independent Financial Brokers (IFB) is a national professional association that has served independent financial advisors across Canada for over 30 years. They provide their members with regulatory support, advice, education, professional liability insurance, and business services to help them run compliant and efficient practices. If you are thinking about becoming an independent financial advisor, visit their website for more information on getting started in the industry.
  • The Investment Funds Institute of Canada
    IFIC members represent all facets of the investment funds industry - fund managers, distributors, and the many professional and back office firms that support the sector. Visit their job board to find out more about opportunities in the industry. Take a look at their career resources page to find out more about careers within the financial services sector.
  • Mutual Fund Dealers Association of Canada
    The Mutual Fund Dealers Association of Canada is the national self-regulatory organization for the distribution side of the Canadian mutual fund industry. For more information on employers in the mutual fund industry take a look at their Directory of Members.
  • Women in Capital Markets
    Women in Capital Markets (WCM) is the largest network of professional women in the Canadian capital markets industry. We connect, coach and advocate for women in the Canadian capital markets and work to provide the network, skills and support required to excel at every stage of our members' careers. Student memberships are available - members receive access to a network of 1400 members; programming and career mentorship; monthly newsletters; exclusive access to specialized programs; and access to the Members-only section of the website, including exclusive access to relevant capital markets positions through the job board.
  • Canadian Pension & Benefits Institute

    The Canadian Pension & Benefits Institute is a national, not-for-profit organization that specializes in providing its members with industry-related educational sessions across Canada in the pensions, employee benefits, and institutional investment sectors. Members are individuals involved in the pension, benefits, and investment issues in Canada and the United States. Members are professionals whose services span a range of industry sectors including:

    • Finance & Investment
    • Governments
    • Labour Unions
    • Insurance and trust companies
    • Law firms
    • Human resource consultants
    • Municipalities
    • Universities
    • Professional groups
    • Not-for-profit organizations
    • Media

    Student memberships are available. Take a look at their job listings to see the variety of employment opportunities available in the industry.