Career In Finance – Getting Started

by Misbaudeen Adeshina

 

How to Start a Career in Finance

If you are interested in pursuing a career in finance, you must understand the importance of financial management. A financial manager’s responsibility is to monitor an organization’s risk exposure; allocate resources in a manner that increases the organization’s probability of achieving desired outcomes.

 

The art of finance is about managing the risks associated with assets and cash flow so that the organization’s income, assets, and/or cash flows increase. The art of finance requires careful planning and evaluation of risk exposure.

 

People differ greatly in their personal aesthetic taste. Some pieces of art may not necessarily appeal to the person who appreciates art but maybe the most favorite piece of another person. Some people may prefer a certain type of lifestyle, while others may prefer to live a more traditional lifestyle.

Factors Responsible for the Change in Personal Preferences

There are many factors that can cause people’s personal preferences to differ. Understanding all these factors as you venture into your Career In Finance will help you to easily get started with your Financial Career.

Risk Tolerance

An individual with a high-risk tolerance will be more willing to take more risks with their own money than someone with a low-risk tolerance. Some people have a strong desire to stay within their means. They may decide not to invest or borrow more than they need. These types of individuals typically have a higher degree of financial literacy and understand the importance of budgeting and investing properly.

Risk tolerance is also related to lifestyle. People who prefer a more conservative lifestyle; prefer to live within their means; often have a lower risk tolerance and less ability to increase their income and wealth. On the other hand, people who enjoy a fast-paced lifestyle; especially those who enjoy a high level of leisure; have a greater ability to accumulate wealth and/or gain wealth; their risk tolerance will typically be much higher than those who enjoy a more relaxed lifestyle.

This Post is for you 😍 >>>>  Start Making Money With Affiliate Marketing

Financial literacy

This an important component of financial management. In this process, the student examines financial situations in relation to their personal and work-life goals. It is important for a financial manager to know what financial decisions are made for financial management purposes and then learn to recognize risk and recognize areas of concern in terms of personal and work-life goals. This knowledge helps them develop effective strategies for managing their finances and achieving their personal and work-life goals.

 

Risk tolerance is also related to lifestyle. People with a higher risk tolerance may be able to make more risk-free decisions regarding their financial decisions. Individuals with lower risk tolerance may be more inclined to use credit and/or other financial tools that may involve a risk to achieve their personal goals. Financial managers who enjoy more leisure-based lifestyles may be prone to use leverage, and/or leverage their position of power, influence, and authority to obtain more credit and resources to pursue their personal goals.

 

Please do share this post with others on WhatsApp and Twitter

Sharing is Love❤️

You may also like

66 comments

Ahmed yuusuf bare November 30, 2020 - 6:10 pm

I want Canada and I like to live in it but I have no money

Reply
Ahmed yuusuf bare November 30, 2020 - 6:04 pm

I am very very interested in Canada

Reply
Nalumansi justine November 30, 2020 - 10:54 am

How can I apply for this invitation?

Reply
Jemal Musa November 28, 2020 - 9:25 am

I have a dream to get the chance of job in Canada so can you help me? If your answer is yes I graduated BA in accounting and finance frist degree and business management second degree

Reply
Sileshi demelash November 26, 2020 - 1:06 pm

Sileshi demelash

Reply
Imran tahir November 25, 2020 - 11:45 am

I want go canada

Reply
Oladokun Razak November 23, 2020 - 8:43 pm

Il faut m aider a trouvé du boulot au Canada

Reply
Mekuannt Kinde Tadesse October 5, 2020 - 4:27 am

How I can apply? I am very interested
I am accountant

Reply
Mekuannt Kinde Tadesse October 5, 2020 - 4:24 am

How I can apply? I am very interest ed
I am accountant

Reply
Deres wondem September 29, 2020 - 5:00 pm

Canada is one the great cointery in the world.so i am intersting to work in Canada

Reply
Yebya September 26, 2020 - 2:33 am

I am a farming

Reply
Furuzonfar September 24, 2020 - 6:13 am

I am anticipated

Reply
Furuzonfar September 24, 2020 - 6:12 am

Medical

Reply
Marama kejela September 22, 2020 - 8:21 pm

Good Ethiopian, accounting and finance GpA:3:4

Reply
SULEIMAN ABDILLE MUHUMED September 22, 2020 - 8:47 am

Help me please to get job in Canada

Reply
Etienne Callum September 21, 2020 - 2:29 pm

Thanks alot

Reply
Endris Assen September 21, 2020 - 11:01 am

Iam work in chef help you visa and invitation

Reply
Afanou komlan September 21, 2020 - 10:12 am

Thanks for all

Reply
Abiy Paulos Rike September 21, 2020 - 9:27 am

I need a job i finance. Am good at it

Reply
Gebre Tesfaye September 21, 2020 - 8:05 am

Tnxs my dear i like canda worke and ur visions thanks you very much

Reply
Gebre Tesfaye September 21, 2020 - 7:20 am

Tnxs alot of my dear for thise Chan’s

Reply
Abdesselame Benslimane September 21, 2020 - 6:45 am

I am very happy to job and immigrated in canada

Reply
Manix Isiwa September 21, 2020 - 6:07 am

I accepte your idea

Reply
Belay Leta Seta September 20, 2020 - 1:58 pm

Which Embassy of Ethiopia I get to information?I have full interesting .

Reply
Rajab ali September 20, 2020 - 10:42 am

Hello sir

Reply
Camelo L. Decina September 20, 2020 - 8:32 am

How to apply

Reply
Khier September 20, 2020 - 7:54 am

I want a job

Reply
Melkamu September 20, 2020 - 3:29 am

I tried several times to get this opportunity how can I immigrate to Canada? Confirm me your reality?

Reply
Jambo September 20, 2020 - 1:15 am

Get canada

Reply
Abdihakiim mahamuud September 19, 2020 - 7:36 pm

Thank

Reply
1 2

Leave a Comment

error: Alert: Content is protected !!