Specialty finance and credit: where can you go to work? What a financier should be able to do Who are financiers

2019-12-27 104

Financial directors and financial managers are the most sought-after and highly paid specialists today. Any successful company is interested in hiring a true professional who would be able to efficiently manage financial flows and develop effective financial strategies.

Over the past two years, the demand for qualified financiers, economists and accountants has increased almost 2.5 times, and last year this profession was officially recognized as one of the most in demand in the modern labor market. Along with the increase in demand, there is also a rapid increase in wages: today the total income of a Russian financier is in no way inferior to the earnings of his foreign colleagues. And how much financiers earn depends on specific work experience, the specifics of the tasks being solved and professional skills.

Since the professional requirements for financial managers and financial directors are constantly increasing, only specialists who are actively engaged in improving their qualifications can count on high incomes and career prospects.

Who is a financier and what does he do?

In the classical sense, a financier is a person who owns and manages a large fortune, and also has interests in different sectors of the economy. Sort of like Warren Buffett or George Soros. But financiers are not only those who have made billions on Wall Street, but also financial workers who manage money for different companies every day. This is also how they make a good living.

Financiers are specialists who carry out large financial transactions on a legitimate basis, are responsible for the distribution of cash flows in the company and for investing working capital. These are financial managers, CFOs, analysts, hedge makers, financial planners, forensics specialists and other specialists in whose hands the money of various organizations is located.

Financiers are not accountants or economists. If an economist analyzes indicators and plans budgets, an accountant calculates wages and is responsible for the timely payment of all taxes and contributions. The financier influences the fate of the entire company. It is he who decides where to invest the company’s money in order to increase it and take the business to a new level.

Financiers most often work in investment funds, financial and economic services, banks and stock exchanges. There, their responsibilities include lending, drawing up financial models, estimates, investment projects, conducting stock exchange and trading operations, and financial analysis of statements. The scope of activities may include the introduction of new banking products and brokerage services.

How much does a financier earn?

The emerging trend towards wage growth became possible due to the fact that most companies went through business restructuring, analyzed the scope of their activities, minimized costs and optimized the personnel selection mechanism. Many employers have clearly understood that in order to increase business efficiency and reach the international level, they need competent financiers who, in addition to educational diplomas and work experience, have real practical skills in working with serious monetary transactions, and also systematically improve their qualifications.

Survey of salaries of financiers 2016

(According to the recruiting company Antal Russia)

In 2018-2019, salaries for finance specialists increased significantly. For example, according to the same agency Antal Russia, financial directors and financial controllers began to receive 100-200 thousand rubles more per month.

Requirements for a financier of modern employers.

When searching for a financial director or financial manager, employers try to reproduce as clearly as possible the picture of an ideal candidate, where not only personal qualities, work experience and level of education are important, but also, of course, professional skills confirmed by qualification certificates.

Main job responsibilities of a financier:

• Competent management of the company's financial flows;
• Control of company income/expenses, ensuring efficient use of resources;
• Business tax planning;
• Strategic planning of the company's financial policy;
• Analysis and minimization of possible commercial risks;
• Monitoring the conduct of the company’s activities in accordance with current legislation;
• Preparation of financial statements (including IFRS);
• Financial and economic analysis of company transactions;
• Control over the activities of financial and accounting services.

Finance skills needed for successful career advancement

• Availability of professional skills confirmed by prestigious certificates. Today, financiers whose professional level is confirmed by the presence of diplomas from the world-famous professional institutes ACCA, CIMA, IPFM, etc. are in special demand;
• Ability to think strategically. A financial specialist must be able to form a long-term perspective for the business as a whole, as well as monitor any financial and economic transactions and performance indicators of the company;
• Work experience of 3 years. Employers give priority to highly specialized financiers with at least 3 years of experience in a specific financial field;
• Knowledge of IFRS. As a result of the rapid transition of Russian companies to international financial standards, the demand for specialists in the field of transformation and consolidation of reporting has sharply increased. We can safely say that this requirement becomes mandatory for all financial specialists without exception;
• Knowledge of the basics of tax, audit and accounting;
• Knowledge of English. Proficiency in a foreign language gives accountants and financiers an excellent opportunity to qualify for a solid income and prestigious job in an international organization;

How can a financier increase his value in the labor market?

"Where did you study? What is your experience? What salary are you expecting? – these are no longer the main questions at an interview. Every modern employer is interested, first of all, in how often the applicant replenishes and updates his knowledge, skills and professional skills? Business processes, technologies, methods - all this is changing so quickly in today’s dynamic world that basic knowledge is no longer enough for a successful specialist to advance his career and earn a solid income. Education and advanced training throughout your career are the only way to maintain professional fitness and achieve career heights!

Continuous development and professional development is the only way to realize your ambitions!

The frantic pace of today and lack of free time are among the most common reasons for refusing full-time education. Trainings and seminars, trips to training centers, homework - all this takes a lot of time and does not always allow you to combine training with your main job and everyday activities. And the distance learning format in this case is the most profitable and convenient option, since only it provides the opportunity to independently plan your training schedule and thereby save valuable time.

To learn how to effectively analyze and manage cash flows of companies of different sizes, you need to take courses for financiers at our academy. Here you will be able to gain the necessary knowledge for your career from expert practitioners, without interrupting your work. And also confirm your qualifications in finance with prestigious international diplomas from IPFM, CIMA and ACCA.

It is quite in demand in society, since finance is the basis of any state. If a competent financier manages them, then his activities will benefit the entire population. This is especially true for a crisis, when only financiers are able to foresee the appropriateness of a particular step. A financier must be able to model a situation, analyze various events and rationally use his own knowledge.

With the help of educational institutions, young people can master the basic financial laws and various intricacies of the field of finance, but in order to become a specialist, it will take a lot of time. Experience is an important component in any profession. Young graduates should become employees of enterprises, be assistant accountants or economists, and perform administrative work. This is the only way to learn the financial structure from the inside and begin to have a good understanding of pricing issues.

Basic qualities of a financier

There are many nuances in financial activity, without improving which you cannot become a professional. A financier must have an excellent command of the legislative framework, develop leadership abilities and organization, because authority is one of the important criteria when choosing a specialist. The main quality without which a person will never become a financier is the presence of acute analytical thinking. A financier must not only manage finances skillfully, but also make decisions correctly so as not to create extreme situations.

A good financier should be interested in any changes that occur in the world economy and politics. Comprehensive development will teach a young specialist to understand and analyze political nuances, as well as their impact on the state’s economy. As a rule, the success of a financier’s work depends on the ability to qualitatively predict the situation. In order not to make a mistake, a financier must be communicative. Information is the main value that a financier should have, so it’s worth paying attention to even the little things.

An experienced financier can realize himself in the investment field, financial management and auditing. As a rule, the larger the company, the more prospects the financier has.

1) an expert in all kinds of monetary and banking transactions; 2) money person; 3) a specialist in financial sciences (see FINANCIAL SCIENCE). Dictionary of foreign words included in the Russian language. Pavlenkov F., 1907. FINANCE 1) a scientist involved in... ... Dictionary of foreign words of the Russian language

- (financier) A person who finances a business transaction or a risky project or negotiates such financing with a merchant bank or other financial institution. Finance. Dictionary. 2nd ed. M.: INFRA M,… … Financial Dictionary

- (financier) A person who uses his own funds to finance a business transaction or risky project, or who arranges such financing with a merchant bank or other financial institution. Business. Dictionary. M.: INFRA M,… … Dictionary of business terms

Businessman, businessman; banker Dictionary of Russian synonyms. financier noun, number of synonyms: 2 banker (8) ... Synonym dictionary

financier- FINANCEIST, colloquial. banker... Dictionary-thesaurus of synonyms of Russian speech

FINANCEIST, financier, husband. 1. A specialist in conducting financial transactions, monetary affairs, an expert in issues of money circulation and credit. “Grisha was known as a deep financier.” Nekrasov. || Specialist in financial science. 2. Banking,… … Ushakov's Explanatory Dictionary

FINANCEIST, huh, husband. 1. Specialist in financial transactions, financial sciences. 2. Owner of large financial capital. | wives financier, i. | adj. financial, oh, oh. Ozhegov's explanatory dictionary. S.I. Ozhegov, N.Yu. Shvedova. 1949 1992 … Ozhegov's Explanatory Dictionary

See Exchange (Source: “Aphorisms from around the world. Encyclopedia of Wisdom.” www.foxdesign.ru) ... Consolidated encyclopedia of aphorisms

financier- a, m. financier. 1. A person who owns large amounts of money, finances or is able to finance someone or something; representative of financial capital. BAS 1. Grandfather Gensch was held in high esteem in Geneva and was considered the first of those there... ... Historical Dictionary of Gallicisms of the Russian Language

financier- 1. Person carrying out financial transactions. 2. Financial operations specialist. Topics: accounting... Technical Translator's Guide

Books

• Financier, Theodore Dreiser. "The Financier" is the first book in the "Trilogy of Desire" by the outstanding American writer T. Dreiser (1871-1945). The novel begins with the youth of the American capitalist Frank Cowperwood and...
• Financier, Theodore Dreiser. “The Financier” is the first novel in the “Trilogy of Desire” by the famous American writer Theodore Dreiser (1871 - 1945)…

Financier is one of the most prestigious professions of our time. Specialists in this field of activity are highly valued, provided they are highly qualified. This is not surprising, since the goal of any commercial organization or enterprise is to increase capital. This is actually what financiers do.

Average salary: 48,000 rubles per month

Demand

Payability

Competition

Entry barrier

Prospects

Financier is one of the most prestigious professions of our time. Specialists in this field of activity are highly valued, provided they are highly qualified. This is not surprising, since the goal of any commercial organization or enterprise is to increase capital. This is actually what financiers do.

Story

If we talk about the history of the emergence of the profession, previously all people who could increase their capital were called financiers. Managing money is an important skill that has helped to significantly increase the quality of life. In Russia, the profession appeared relatively recently. Previously, companies and enterprises managed with the help of economists and accountants. Now, adopting foreign experience, the owners and managers of commercial organizations have appreciated the importance of financiers. After all, these specialists, in conditions of tough competition in the market, help to maintain leading positions and develop effective ways to increase capital.

Description

The word “financier” is of French origin and means “skilled in finance.” A person in this field of activity carries out various financial transactions. Financiers can get a job in various organizations. These include investment funds and financial companies, economic and financial services, banks and exchanges, government bodies at the federal, territorial and municipal levels.

Financiers can choose certain financial areas for work: fiscal, regulatory and methodological, foreign economic, insurance, investment, etc. The responsibilities of financiers include: drawing up financial estimates and reports, conducting stock exchange transactions and taxation, conducting various trading operations, and analyzing financial documents.

What specialties should I study?

If you want to become a good financier, then you should get a higher education. In this case, you will need to decide on your future specialty. So, you can choose the following specialties:

• Finance and Credit (Master's Degree)

Where to study?

Currently, you can get a financier education in many higher educational institutions in Russia. The following universities offer the highest quality education:

• St. Petersburg State Economic University.
• Moscow State University of Economics, Statistics and Informatics.
• Peoples' Friendship University of Russia. Patrice Lumumba.

What do you have to do at work and specializations?

As we said above, financiers can connect their professional activities with several areas: investment, insurance, fiscal, foreign economic, etc. Depending on the field of activity, the responsibilities of specialists will be determined. If you decide to work in the investment field, then in this case you will need to look for ways to profitably invest money in order to increase the capital of a company or enterprise. Each employer has its own requirements for specialists. However, they all have one thing in common - the need for a diploma of higher education and a high level of knowledge, perseverance in achieving goals.

Who is this profession suitable for?

People who have good knowledge of mathematical disciplines have every chance of becoming a successful financier. These people must have an analytical mind, good memory, and the ability to analyze the information received. Good financiers know how to concentrate on the tasks at hand. Perseverance and stress resistance are important in this field of activity. In addition, it is important to have high efficiency and a desire to achieve goals.

Demand

The profession of a financier is currently in quite high demand. If you get a diploma, then you have every chance of getting a good job. Financiers are needed in various government and non-government organizations: banks and exchanges, investment funds, economic and financial services. That is, you can get a job in any organization that seeks to improve the level of its activities. A financier is a specialist who will take on the responsibility of finding ways to increase capital.

How much do people working in this profession earn?

The salary of financiers depends on several factors: territorial affiliation, level of the company or enterprise, experience and knowledge of the specialist himself. If you have deep knowledge of finance and work experience, then you have every chance of getting a higher salary. Financiers can receive more than one hundred thousand rubles. Of course, in the initial stages the salary will be much less.

Is it easy to get a job and how is your career usually built?

Financiers do not experience great difficulties in finding employment. However, after graduating from a higher educational institution, you need to be prepared for the fact that you won’t be able to earn big money right away. You need to start with the smallest things. It is important to try to prove yourself from the best side, to show persistence and initiative. Prove that you are a good specialist and strive to develop. In this case, a successful career will be guaranteed to you.

Prospects for the profession

Will the financier profession lose its relevance? No. Any self-respecting organization that seeks to increase its capital and conduct successful activities needs the services of a specialist in this field of activity. So if you get a higher education and have good knowledge, then you will definitely not be left without a job.

A financier is a specialist who controls the company’s financial operations: budget replenishment, expenses and other financial transactions. The specialist also analyzes the financial activities of both his company and competing companies in order to determine the most appropriate development strategy, investment, etc.

Professional qualities and skills

A specialist, as a rule, deals with investments, budget allocation, insurance, international financial transactions, etc. The list of required skills directly depends on the company’s field of activity, but the main ones look like this:

• knowledge of the market and the current state of the economy;
• ability to assess the prospects of projects;
• knowledge of stock markets;
• understanding the nuances of working in the banking sector;
• the ability to make the company competitive.

A true professional has a mathematical mind, knows how to make important decisions independently, is very attentive, stress-resistant and purposeful.

How to become a financier?

To become a highly qualified specialist, you need to obtain a higher education in the field of “Economics” or “Finance and Credit”. The leading universities training specialists in this profile are:

• Moscow State University named after. M.V. Lomonosov (M.V. Lomonosov Moscow State University);
• Moscow State Institute of International Relations (MGIMO);
• Financial University under the Government of the Russian Federation;
• St. Petersburg State University of Economics and Finance (FINEK);
• Moscow State University of Economics, Statistics and Informatics (MGUESI).

Where to work?

A financier is an indispensable worker in any small, medium, and especially large business. The most popular places where you can meet financiers are:

• banks;
• private companies;
• investment funds;
• stock exchanges.