We recently looked at what it’s like working as a financial advisor, but there’s more to the fast-paced world of finance than just financial planning. With changing demographics and the increase of automation, several new exciting financial careers are on the rise.
Here are five high-paying, under-the-radar jobs in finance.
1. Environmental accountant
If you’re a nature lover, your passion for all things green and organic could be part of your daily work routine as an environmental accountant. A career in this field involves calculating the cost of environmental compliance, identifying economical and environmentally-friendly resources and activities, and finding new ways to profit from waste products plus so much more. Essentially environmental accountants impact a company’s bottom line and as well as the environmental footprint.
As you can guess from the title, insurance analysts work for insurance companies. Their main task is to complete risk assessments on both individuals and companies. This is of tantamount importance to insurance companies, however insurance analysts are also responsible for reviewing incoming insurance claims and identifying fraud.
These professionals are also in demand among large businesses that buy insurance products. In such settings, an analyst is required to identify potential risks a company could face based on various physical factors, such as location and business activities, and recommend effective insurance products or ways to reduce risks.
3. Financial examiner
Governmental charges and fines for not complying with financial regulations can be damaging to a business – especially for small and mid-sized companies. To avoid such penalties, many businesses hire financial examiners to review corporate financial procedures and identify problematic areas that could lead to a violation of the law. Alternatively, financial examiners may pursue a career in local governments, where they will be expected to check the legality of financial operations performed by businesses.
4. Machine learning expert
The financial industry is much more predisposed to a successful acquisition of artificial intelligence and machine learning than many other industries. Automated processes contribute to the efficiency of the modern financial ecosystem, thus putting machine learning experts and engineers in demand. If you’re a tech-savvy person with knowledge of finance, you may want to consider machine learning as a career option.
Machine learning experts belong to a large group of professionals under the IT management umbrella; they are very knowledgeable about technologies, coding, and mathematics. The main goal of a machine learning expert is to find ways to optimize software for financial operations by making it error proof, user-friendly and fast. They develop, test, and deploy technological solutions for a wide range of companies from both inside and outside of the financial industry.
5. Investment writer
Having professional written communication skills is not a common strength of an average financial sector worker. If you understand money markets and have a way with words, a career as an investment writer could be a slam-dunk.
In addition to knowledge of the financial industry, an investment writer requires a solid understanding of audiences, commonly used jargon, and terminology. On the other hand, this role requires someone who can present information in a way that’s easy-to-digest for novices including new businesses and clients.
These are just some of the not so well-known, but well-paid jobs within the financial industry. These roles could give you a chance to realize professional and personal interests, passions, and strengths, so keep an open mind and look out for some of these career options.
Ekaterina Grishko is a Marketing Coordinator at Ashton College. Founded in 1998, Ashton College has become a national and international force in the field of higher education. Ashton offers financial services licensing courses designed to help you start or further your career in the industry.
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