Different careers to pursue within the financial industry
While supplementing my online betting time on a new casino with some research on careers to pursue within the financial industry, I came across the stories of three people who started their respective careers with different goals in mind. While some studied science and medicine, others decided to pursue business and finance.
Orsini worked for Lehman Brothers in London after graduating from Columbia University. She worked her way up to Managing Director and then Executive Director in the Financial Sponsors Group. It was at the firm she met her husband, so she went on to work in asset management and banking.
She then left the financial industry to write a book about happiness. The idea for the book came when her doctor told her to be happy if she wanted to live longer. She later continued writing about happiness, publishing two books and serving as an editor at two newspapers.
Alvarado, meanwhile, was studying engineering at MIT. He worked at the World Bank after graduating, and he even taught classes at both MIT and NYU. His time at the World Bank eventually led to him to getting a job at Santander Mexico.
Finally, Seinuk served as a tech adviser at the United Nations, which was when she fell in love with finance. She worked for Goldman Sachs for over a decade and eventually found her way into investment banking.
Each of these people took a different path, but they were all able to make an impact by starting their careers at different positions in the financial industry. And, each was able to eventually make their way into a position at one of the top investment banks in the world.
Some have taken the path of starting their careers in financial due diligence (FDD) firms. These firms seem to be ideal places to gain valuable experience in all areas of finance, from analyzing financial statements to developing monetary strategies and models. With a well-crafted resume, a strong cover letter, and a thorough knowledge of FDD interview questions, individuals can gain access to the world of accounting firms.
A basic qualification in commerce can lead to many different careers within the financial industry. You can even enter via the legal qualification route, as most of what constitutes the global and local financial sector is really just a set of complex laws.
Alternatively, using the legal route, you can also enter the financial sector as a lawyer specializing in securities, finance, or contracts. To learn how you can get recruited as an attorney for a financial firm, you could read articles by Alex Gotch here or similar articles elsewhere about how the finance world hires lawyers. In both cases, a strong legal education and a good foundation in economics is required.
Now, coming to the specific case of a country such as Canada, the road to becoming a qualified broker starts with a two-year qualifying period, such as beginning in January 2021. Once the two-year period is complete, the individual has to maintain that qualification for 5 years before being eligible to call themselves a securities broker. During that time the individual is still classified as a member of the industry, but he is able to call himself a broker.
The Qualified Person is given a list of the firms listed in the Toronto Stock Exchange, the TSX Venture Exchange, the TSX Overseas Exchanges, and the BC Securities Commission. In other provinces the Qualified Person also receives lists of the securities issued and registered by the provincial Securities Commission.
By 2015, the laws regulating each of the Canadian jurisdictions had been harmonised to allow brokers in different jurisdictions to call themselves ‘brokers’.
The individual must also maintain an ongoing accounting system, record transactions, balance sheets, statements and reconcile any and all transactions.
