As a financial services journalist or data analyst, you supply the knowledge and insight that the industry relies on it. While these jobs are very different from investment banking and investment management, they provide many of the same perks — as well as some unique ones.
- Industry across the world
Working in a global industry has numerous benefits, according to Joseph Stone Capital. It allows you to interact with people from all over the world and put your language skills to good use. You’ll most likely have the opportunity to travel and possibly work long-term abroad.
- Intriguing work
If you have a genuine interest in business and money, you’ll find your job interesting, demanding, and rewarding. Because you’ll be delivering information and advice, you’ll get expected to establish your ideas and draw conclusions.
- Knowledge and skills that can get transferred
As a financial services journalist or analyst, you’ll focus on industry — anything from renewable energy firms to high-end jewelry and watches. Your skills in that area can transfer to other analytical professions, especially asset management and investment banking. It’s also worthwhile to play a part in regulation or compliance. Financial regulatory knowledge is beneficial to businesses. You can easily transition to an internal compliance role, which will provide you with a lot of freedom.
- Networking possibilities
You’ll build a strong network both inside and outside your field of expertise through working with clients, coworkers, and industry contacts. If you wish to shift to a different firm or role, this will help you advance and provide you with more options.
- There are a lot of headhunters around.
Successful data analysts are always in demand by companies, according to Joseph Stone Capital. If you do well in your current position, you may get included in a headhunter’s list. They’re likely to entice you with pay raises.
- Colleagues who you get along with
It’s a competitive industry. Therefore only the brightest, fastest-thinking, and most importantly, team players get hired. In some sections of the finance business, the atmosphere is likely to be more collaborative and less competitive.
- A decent wage
Financial services pay isn’t high, but it is competitive. After a few years in any profession, you may find yourself earning high figures with the possibility to increase. You won’t find many bonuses in the financial services industry, but you’ll get on merit.
- Substantial benefits
The additional benefits, as with other jobs, are highly dependent on the company’s size. You should expect the standard set of advantages from an employer, such as Bloomberg: health insurance, life insurance, retirement plan, and so on.
- There is a lot of help available.
Everyone in the financial services industry recognizes that you’ll have a lot to learn when you first start. You’ll probably receive extensive training and continuing coaching, which will provide you with the skills you’ll need to execute a job. Early on, you’ll get given responsibilities, and your team will be there to support you.