Career Options in Corporate Finance

Corporate finance is one field in which you receive money for handling monetary transactions. This career is well looked upon by aspiring finance professionals due to its remunerative ability. Individuals who are employed in the corporate finance sector specialize in helping companies in generating funds that are essential to support and expand business operations, set up acquisitions, manage cash resources, and ensure financial and economic stability in the future.

Working in this sector, you can find yourself aiding a multinational company or a local firm looking forward to break into the global platform. As long as you work in an efficient manner, these careers are relatively stable. As a corporate finance professional, you are not required to work on commission or other incentives, instead, your success counts on your capability to create financial strategies and plans which will beef up the company’s productivity in the long run.

Corporate Finance Jobs

Treasury Managers
These professionals handle the corporate treasury department, and their basic job responsibilities include raising capital, finances, funds, doing financial planning and managing cash and assets. Immaculate analytical capabilities, management and motivation skills are necessary in such an upper-level administrative post.

Financial Analysts
Financial analysts carry out obligations such as assessing budget projects, establishing funding requirements, semi-permanent financial planning and projections, dealing in asset acquisition and spending, and lease agreements. They are also responsible for preparing budgets, analyzing competitors, representing the company before credit houses, managing the company’s investments, and suggesting derivative strategies. They normally particularize in areas such as planning, budgeting, revenue, or project finance. They are necessarily required to have a thorough understanding of the way finance works in the business sector.

Controllers
These are professionals who are well-versed in accounts. Their job description includes carrying out duties regarding accounting, cost analysis, financial planning and reporting. Furthermore, they also deal in derivative instruments, lease and joint interest accounts, property, revenue, and benefits. They create and utilize multifarious costing systems, and handle fiscal re-engineering, auditor coordination, and transfer pricing issues. They are usually hired by accounting firms.

Investor Relation Officers (IROs)
An investor relation officer’s duty generally comprises publishing corporate financial information and events through the medium of press releases, coordinating with capitalists and investors, responding to investor queries, and conducting teleconferences and meets. He needs to be in constant contact with the company’s top management, which is why he is required to understand finance and public relations thoroughly.

Credit Managers
The responsibilities of credit managers comprise setting up ordinances for credit collection and for the auditing of receivables. These executives need to be able to evaluate accounting information and be proficient in knowing their clients and customers in and out.

Cash Managers
Cash managers deal in short-run credit requirements, and guarantee the accessibility of sufficient finances to run everyday business operations. Moreover, they also maintain healthy relationships with banks and lenders, reserve excess finances in interest-bearing accounts, and manage global and local fund transfers.

Basic Requirements

For all the above mentioned positions and posts, you need to possess strong oral and written communications skills, interpersonal skills, management skills, and a complete understanding of the role of finances and monetary factors in the market. Knowing languages such as Japanese, Chinese, French, German, or Spanish is certainly a plus point if you want to step into these careers. You may need to travel to different countries and regions for business purposes. You are also required to be willing to learn new IT technologies which aid in carrying out a majority of the responsibilities needed in this career.

Salary Range

Starting salaries in these careers with a bachelor’s degree range from $35,000 – $50,000, while salaries after post graduation range from $55,000 – $80,000.

– Financial Analysts: $40,000 – $50,000 per annum.
– Treasury Managers: $80,000 – $120,000 per annum.
– Cash Managers: $70,000 – $80,000 per annum.
– Credit Managers: $80,000 – $90,000 per annum.
– Investor Relation Officers (IROs): $80,000 – $90,000 per annum.
– Controllers: $75,000 – $80,000 per annum.

As you get some years of experience in this sector, there can be a considerable increase in your salary. Corporate finance careers are surely considered lucrative, which is why they are very much in demand.

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