Within the financial industry, there are interesting career paths that will remain in demand in the coming years. After all, anyone choosing a career path today naturally wants a job with a future. Whether as a fund manager or a classic financial advisor – there are numerous possibilities.
The Underwriter
The underwriter is an insurance specialist who works for a primary insurer or reinsurer, assessing risks for their insurance company, reviewing applications, and ultimately ensuring the final closing. When an insurance contract is concluded, the underwriter signs the contract – they sign on behalf of the insurance company. In the private customer business, the term "underwriting" is rarely used, although the process certainly exists. In this sector, however, the tasks of the underwriter are taken over by the risk assessor or clerk who receives the application for policy issuance.
The Fund Manager
A fund manager is an employee of a fund management company – as the job title suggests, they manage funds. The idea behind it? When many investors put their money into a pot (fund), it is important that there is one person who takes care of it – that would be the fund manager. They take on the task of buying or selling securities so that they can achieve a high return for the investors.
The Broker
The broker works in the stock market. He buys or sells stocks at clients' request, either on or off the exchange. But the broker does not only deal with stocks – he also analyzes companies and markets and can recommend stocks based on his findings. It is important, before choosing this career path, to be interested in the stock and/or foreign exchange market. A helpful tool here can be a Forex Demokonto if you want to delve deeper into the subject.
The Client Profiler
In retail banking there are continually new challenges to face. Credit and investment products must be offered with low transaction costs in order to attract new customers. Guaranteed certificates may seem interesting at first glance, but the average saver is hardly interested in them anymore. That is precisely why more and more financial institutions rely on IT-supported market research. People are hired to search social networks for trends that can then be offered to customers. The advantage? Today's customer is digitally connected, so a Client Profiler can relatively quickly know which needs should be met.
The Banker
In a bank there is not only the customer service advisor – there are also financial specialists for loan and credit matters and controllers. If you choose a career as a banker, you can look forward to an extremely wide-ranging set of responsibilities.
The financial advisor
Financial advisors support clients with financial matters — for example, when it comes to investments, insurance, or loans. The goal? The client should receive the optimal financial product. With the appropriate training, financial advisors can also pursue careers as self-employed and independent financial advisors.
