The Most Conducive Destination for a Career in Banking and Finance

February3 Business. Comments : 0

There is an increasing demand for well-trained professionals who are able to see lsquo;the story behind the numbersrsquo; in the financial industry. With a master in banking and finance, an individual is able to get innumerous job opportunities with various established financial institutions and regulators worldwide. According to a recent analysis conducted by Indeed, job opportunities in the business and finance sector have increased 12% since June 2017. The most demand is for financial analyst, business analyst, teller, accountant, account manager, investment banker and a few namely. USA, UK, Switzerland, and Germany prove to be the best destinations to pursue a career in banking and finance. U.S, home to the Wall Street mints a lot of money in the finance and banking sector. According to thenU.S. Bureau of Labor Statistics<, financial managers expect an average growth of 12% from 2014-2024. Depending on the specialization, the BLS anticipated an increase in jobs of 7%-16% for financial professions between 2014-2024. According to financial analysis managerrsquo;s average annual salary was $81,250, whereas a chief money officerrsquo;s median made about $121,942 with a considered amount of experience in the field. A fresher is expected to earn an annual salary of $61,748. U.S poses to have many employment opportunities in the coming future and professions globally should definitely consider a career here. n Due to the upheaval faced in the financial services industry as regulatory changes were made in the U.K post-Brexit, the potential for growth through skilled workers continues to secure the nations position as a global leader in this sector. Many of the large financial companies and multinationals offer generous starting salaries to graduates globally. Retail banks such as Barclays, HSBC, Lloyds and Royal Bank of Scotland typically offer graduates valuable experience across their main business functions. Finance specialists like Boots, Centrica, Nestleacute;, Network Rail, Tesco and Virgin Media also offer lucrative job opportunities. Given below are the top companies and their annual salary package with bonus for financial and banking roles:

Company name Offering
Boots pound;25,000, plus a pound;1,000 welcome bonus
Centrica pound;31,000, plus a pound;3,000 starting bonus
Lloyds pound;38,000,plus a flexible benefits package that includes a one-off pound;3,000 settling-in allowance and private medical cover
Royal Bank of Scotland pound;27,000
Tesco pound;26,000
n In Switzerland, the financial and banking service sector has been adapting to a new environment in recent years following the erosion of the countryrsquo;s bank secrecy law and, the appreciation of the Swiss Franc. A nation with natural resources boasts of high professional standards. It is its home-grown tradition of excellence that has developed the financial and banking sector and helped in securing its top position amongst the worldrsquo;s top financial hubs. The salaries offered are lucrative adding to the personal tax advantages that gives an individual more disposable income compared to other established hubs. The Annual salary of a chief financial officer in banking and financial services in Switzerland as of 2017, by the years of experience (in 1,000 Swiss francs) is as follows: nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn Most Conductive Destination for a Career in Banking and Finance Germany, the fifth largest economy in the world and the largest economy in Europe boasts of numerous jobs in the banking and finance sector. Individuals with a masterrsquo;s degree in the field prove to find jobs easier. Germany has one of the lowest unemployment rates in the EU, reaching a record low of 5.8 percent in March 2017. A study by the German Federal Institution for Population Research showed that a third of non-Germans in Germany <found jobs within 2 months residing there. A masterrsquo;s degree, work experience in the related field and basic knowledge of German are sure shot motive to attain a money-spinning job in Germany<. n The average annual salaries offered in the banking and finance sector ranges from euro;23,920 - euro;64,536 with bonuses given separately. nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn The Most Conducive Destination for a Career in Banking and Finance The banking and finance sector plays an enormous role in the daily lives of both average people and the economy and as such offers a wide array of career opportunities. This industry boasts of money-making jobs worldwide especially in the mentioned nations. Work towards the required skill-set desired by top companies overseas. Donrsquo;t sit back and let these once-in a life-time opportunities slip by you. Seek guidance from Abroad Shiksha and watch your dreams turn into reality.n n