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Discover the multifaceted world of finance, covering key sectors like accounting, banking, investment, and insurance. This guide delves into career opportunities, from entry-level positions to senior management roles, with salary expectations and educational requirements. Learn about crucial trends affecting the financial industry, such as regulatory complexities and the growing demand for financial services. Additionally, we provide hiring tips, highlight local and national employers, and discuss necessary skills and certifications to advance your finance career.
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$ $ $ $ F I N A N C E $ $ $ $ Robert J. Spinelli Rush Henrietta CSD
SHOW ME THE MONEY! • Financial Services deal with the management of money for: • Individuals • Companies • Organizations • Government
Trends in the Industry • Growing needs on a local, national and international basis • Continuing complexity of regulations • Expanding choices of products, services and providers
Accounting Asset Management / Financial Planning Banking Commercial Individual Investment Insurance Corporate Finance Mutual Funds & Brokerage Real Estate Securities Trading Venture Capital Careers In Finance – Opportunities
Accounting Accountant Receivable/Payable Auditor Banking Teller Loan Officer Financial Planning Asset Manager Securities Broker Insurance Agent Commercial Broker Underwriter Career Tracks
Compensation • Entry - $15,000 • High School • Cashier • Teller • Para-Professional - $25,000 • Associates / BA, CEU • Minimum experience • Accountant • Management trainee
Compensation • Management - $50,000 • BA/BS, Masters preferred, Certifications • 3-5 years experience • Asset Manager • Securities Broker • Senior Management -$100,000+ • BA/BS, Masters preferred, Certifications • 3-5 years experience • Partner / Owner • CFO
Tips On Hiring • Research the industry • Know the leading companies • Demonstrate an understanding of the “lingo” • Know “who’s who” and where the opportunities are…network! • Education, certification and experience are key • Work with university placement center • Attend Job Fairs, Association Forums, etc
Careers In Finance – National Employers www.ibb.ubs.com www.ey.com www.citigroup.com www.bofasecurities.com
Careers In Finance – National Employers www.americanexpress.com www.aflac.com www.prudential.com www.newyorklife.com
Careers In Finance – Local Employers • Accounting • Over 300 firms in the Rochester Area • Asset Management/Financial Planning • Over 100 independent or branch offices
Careers In Finance – Local Employers • Banking • Over 30 different banks as well as credit unions and other saving and lending institutions • Insurance • Over 100 independent and commercial companies with 1000s of individual representing agents
Careers In Finance – Local Employers • Accounting • EFP, Rotenberg, Bonadio, Metzger-Barr • Banking • Charter One, Fairport Savings, ESL, CNB
Careers In Finance – Local Employers • Insurance • Blue Cross/Blue Shield, Reidman, Amica • Financial Planning Services • Crossbridge, Sage Rutty, AM&M
Love Professional atmosphere Good salaries Stable environment Career paths clearly defined Every employer/industry has financial needs Hate Viewed as a necessary evil by some…complex and compliant Long hours Continuance of educational requirement “Love / Hate Tips”Pros and Cons of the Finance Field
HS Careers in Finance – Educational Requirements • High School Education • Math Concentration • Business • Business /Ethics • Accounting • Data entry • Computer systems and application
HS Careers in Finance –Local Employers • Delta Sonic, Tops, Wegman’s • Cashier • ESL, CNB, Charter One • Teller • Accounting Firm • Bookkeeper, File Clerk
Two Year Colleges • Monroe County Community College • Bryant & Stratton • Finger Lake Community College • Rochester Business School • Genesee Community College • Associate Degrees in Accounting & Business
Four Year Colleges • Rochester Institute of Technology • St John Fisher • Nazareth • University of Rochester • SUNY – Brockport, Geneseo • Medaille • BA/BS/MBA – Business, Accounting, Finance
Employers in Monroe County • Kodak, Xerox , B&L • Paychex • Accounting Firms – KPMG, Mercer, E&Y • ESL, Charter One, CNB, Chase, M&T Citibank • RIT, U of R, Strong Hospital, Wegman’s
Web Link Quiz • Where Do You Belong in Financial Services? • Source: www.WetFeet.com • www.wetfeet.com/asp/article.asp?aid=231&atype=Financial_Services