Within the finance industry there are interesting career paths that will still be in demand in the coming years. After all, anyone who chooses training today naturally wants a profession with a future. Whether fund manager or traditional financial advisor – there are numerous possibilities.
The underwriter
The underwriter is an insurance specialist who works for a primary insurer or reinsurer and assesses risks for their insurance company, checks applications and ultimately ensures the final completion. If the insurance contract is concluded, the underwriter places their signature on the contract – in other words, they sign on behalf of the insurer. In retail business the so‑called underwriting is very rarely mentioned, although this process does exist. Here, however, the underwriter's tasks are taken over by the risk assessor or caseworker who receives the application for policy issuance.
The fund manager
A fund manager is an employee of a fund company – as the job title suggests, they manage funds. The idea? If many investors put their money into the pot (fund), then it's important that there is a 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 high returns for investors can achieve.
The broker
The broker works in the stock market. They buy or sell shares on or off the exchange according to the client's wishes. But the broker does not only deal with shares – they also analyze companies and markets and can recommend stocks based on the results. It is important, before choosing this career path, to be interested in the stock and/or foreign exchange markets. A helpful tool here can be a Forex Demokonto can be useful if you want to delve deeper into the subject.
The client profiler
In retail banking there are constantly new challenges to be met. Credit and investment products must be offered with low transaction costs in order to attract new customers. Guarantee certificates may seem interesting at first glance, but the average saver is hardly interested in them anymore. That is why more and more financial institutions are relying on IT‑supported market research. People are hired who 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 find out relatively quickly which wishes should be fulfilled.
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. Those who choose the profession of banker can look forward to a very broad range of responsibilities.
The financial advisor
Financial advisors support customers with financial matters – for example, when it comes to investments, insurance or loans. The goal? The customer should receive the optimal financial product. With the appropriate training, financial advisors can also pursue a career as independent and self‑employed financial advisors.
