A career in the business and finance sector can be thrilling and monetarily rewarding. Numerous new employment prospects in the business world are being created by the finance sector’s exponential growth. However, it may be challenging to find helpful advice on how to begin a financial profession.

I will give you practical insights and highlight some crucial advice for launching a finance career.

Steps to begin a Career in the Business and Finance Sector

1. Obtain your O’ level result:

   To be eligible to enroll in the business faculty, you must have earned a minimum number of credits in disciplines like English, mathematics, accounting, economics, or commerce.

2. Prepare for and take the JAMB exam:

   Accounting, Economics, and Mathematics should be included in your Jamb score. However, it’s important to note that different universities may have varying cut-off marks for courses in Business and Finance sector. For instance, while some universities accept a cut-off mark of 200, others may require a higher score of 250.

3. Choose a Focus:

   The finance industry includes a variety of fields, such as investment banking, corporate finance, financial analysis, and financial planning. To begin your career, it is essential to choose the area of study that aligns with your interests, abilities, and objectives. By carefully selecting your field of focus, you can ensure that your studies and subsequent career path are in line with your goals.

4. Take finance degree courses:

   A finance degree can help you comprehend the fundamental principles used in the industry so that you can excel in your profession. A bachelor’s degree in finance, accounting, economics, or a similar discipline is usually required. Depending on your employment ambitions, you may also want to consider obtaining higher degrees or professional certifications such as the Chartered Financial Analyst (CFA) credential, Certified Financial Planner (CFP), or Certified Public Accountant (CPA).  You can also pursue a diploma or post-graduate study, such as an MA or an MBA, to ensure you stand out in the employment market.

5. Obtain Practical Experience:

   An internship in finance is the best way to acquire a real understanding of what the finance business is all about. Finance internships give you with hands-on learning experience, references, and numerous networking opportunities. They also assist you build a strong sense of work ethics. Look for internships with financial institutions, banks, or corporate finance departments to gain industry experience and develop your abilities.

6. Develop Analytical and Technical Skills:

   Finance positions require strong analytical and technical abilities. To strengthen these skills, you can focus on improving your quantitative talents, enhancing your data analysis capabilities, and expanding your knowledge of financial modeling, spreadsheet software, and financial analysis tools. Consider taking courses, engaging in self-study, or attending workshops to further develop these crucial competencies.

7. Familiarise yourself with financial terms:

   In order to flourish in a field, it is essential to be able to communicate in its language. By familiarizing yourself with financial terms and key financial words, you can enhance your ability to write better reports and improve your corporate communication abilities. Consequently, this will enable you to effectively convey financial information and insights to colleagues, clients, and stakeholders.

8. Increase your certifications:

   Certifications from recognized institutions increase your credibility and demonstrate your ability to perform complex tasks. For example: ICAN(Institute of Chartered Accountants in Nigeria) Moreover, they can dramatically improve your skill set, enabling you to develop in your current position or even transition into a new career. Additionally, certifications are typically pursued for a shorter period of time, offering the flexibility to obtain various certifications in your specific area of interest.

9. Networking:

   In the financial industry, networking is crucial. To enhance your networking efforts, participate in industry gatherings and sign up for organizations. Additionally, take advantage of online platforms like LinkedIn to connect with finance experts. By actively building contacts, seeking mentorship, and engaging in conversations, you can gain new perspectives, valuable guidance, and potentially uncover exciting job prospects.

10. Professional growth:

    The financial industry is dynamic and ever-changing. Maintain your dedication to lifelong study and professional advancement. To increase your expertise and maintain your competitiveness in the industry, take part in training programmes, go to seminars or workshops, and pursue further certifications or degrees.

Universities that offer courses under the business and finance sector

1. University of Ilorin
2. University of Benin
3. Bayero university, Kano
4. University of Calabar
5. Afe Babalola University, Ado Ekiti
6. Landmark University, Omu-Aran
7. Federal University, Oye Ekiti
8. Ambrose Alli University, Ekpoma.
9. Babcock University
10. Abia State University
11. University of Lagos
12. University of Abuja

OCCCUPATIONS IN THE BUSINESS AND FINANCE SECTOR

1. Accounting and Auditing: Accountants and auditors create, review, and evaluate financial records and statements. Additionally, they have the responsibility to ensure that businesses pay their taxes and maintain accurate financial accounts. Moreover, they develop financial management plans and assess the effectiveness of financial operations.
2. Economists: Economists examine the production and distribution of products and services, which are examples of scarce resources. Economists gather and examine data, assess various contemporary economic concerns, and research trends.
3. Financial managers: The financial stability of a company or division is the responsibility of the financial managers. They prepare financial reports, investment strategies, and programmes to accomplish long-term financial objectives.
4. Budget Analyst: Budget analysts assist businesses and organisations, both public and private, in managing their budget. They provide reports, manage institutional expenditure, and monitor it.
5. Financial Analyst: Financial analysts offer investment guidance and services to companies and private clients. For their clients, they assess the performance of stocks, bonds, securities, and other investments.
6. Loan Officers: Loan officers assist individuals and companies in obtaining loans. They assess the creditworthiness of applicants and approve loan requests from both people and companies.
7. Actuaries: Actuaries, being specialized accountants, assess and calculate the monetary costs of risk and uncertainty. Moreover, they employ advanced mathematics, statistics, and financial theory to analyze risk and mitigate its cost to their clients.

A career in the business and finance sector can be fulfilling. Firstly, it offers diverse opportunities for professional growth. Additionally, it provides the chance to work in dynamic environments with constant challenges. Moreover, it allows individuals to apply their analytical skills and financial expertise to drive strategic decisions. Lastly, the business and finance sector offer attractive remuneration and potential for upward mobility. Overall, pursuing a career in this sector can lead to personal satisfaction and long-term success.

Good luck

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