Employment direction for finance majors
1. CFO
Position analysis:
Refers to the company’s chief financial officer or financial director, which is a modern company One of the most important and valuable top management positions in the industry is the person who controls the nervous system (financial information) and blood system (cash resources) of the enterprise
Employment requirements:
In the operation of a large company, the CFO is a role interspersed between financial market operations and the company's internal financial management. Most of the people who serve as CFOs have many years of experience in the financial market. In the United States, excellent CFOs often serve as successful fund managers on Wall Street.
Interaction between corporate financial management and financial markets, project valuation, risk management, product research and development, strategic planning, identification and establishment of core competitiveness of enterprises, and insight into the impact of information technology and e-commerce on enterprises are naturally CFO Things within the scope of responsibility.
The main tasks of the CFO:
1. To conduct strategic operations through financial means. If the work is done well, the added value of the company will be greater than the value created by business operations. More;
Second, it is to 'sell' the company like sales and promote the company to investors. The people who really determine the fate of listed companies are fund managers and large institutional investors, so investor relations This is a very important issue for the CFO;
3. Implement the company’s strategy at the lowest cost through mergers and acquisitions.
2. Financial Engineer
Position Analysis:
The title of "Financial Engineer" originated in the London financial community in the early 1980s. It is different from traditional financial engineers. Theoretical researchers and financial market analysts and financial engineers pay more attention to financial market transactions and the operability of financial instruments, apply the latest scientific and technological means and large-scale processing methods (engineering methods) to the financial market, and create new financial products, Transaction methods to win profits, avoid risks or improve services for financial market participants.
Financial engineering is the lifeline of financial innovation; financial engineers are committed to adjusting existing financial instruments and operations and developing new varieties so that financial market participants can more effectively adapt to our ever-changing world world. The profession of financial engineer is not unfamiliar abroad because it is very popular. Domestically, with the rapid development of our country's economy in recent years, it has gradually been valued by all walks of life and has become increasingly popular and has become an in-demand profession.
Employment requirements:
In addition to the general principles of economics and finance, the theories a qualified financial engineer needs to master should also focus on: value analysis theory or valuation theory , portfolio theory, capital asset pricing theory, arbitrage pricing theory, option pricing theory, etc. Financial engineers must skillfully use these theories to conduct value analysis and risk calculations on existing financial instruments, and then carry out creative conception and planning to form new financial instrument combinations or new value-added hedging solutions. The professional skills a qualified financial engineer needs to possess mainly include: skills in mathematical processing and statistical processing of analysis objects, skills in quickly grasping the operating characteristics of financial markets and financial product characteristics, skills in using computers and remote communication facilities, and Coordinated skills in accounting, taxation, law and other related fields. Financial engineers must use these skills to make their various analyzes and calculations meet the requirements of scientific methods and accurate results, so that their creative ideas and plans can be as close to reality as possible and can be put into practice.
Position planning:
Judging from the current general characteristics of global financial innovation, the most active areas of financial innovation are the investment banking industry and the financial derivatives market. Therefore, financial engineers are mostly Investment bankers engaged in investment banking and other financial institution experts engaged in business innovation activities such as asset securitization, as well as speculative experts engaged in financial derivatives trading activities.
3. Securities Analyst
Position Analysis:
Securities analysts are also called stock analysts and stock analysts in our country. They obtain securities investment in accordance with the law. Consulting business qualifications and professional qualifications include experts who provide information consulting services such as analysis, predictions or suggestions to the public or investment institutions in oral, written, online or other forms on the securities market, the trend of securities varieties and the feasibility of investing in securities.
Professional requirements:
Securities analyst is a highly intelligent and challenging profession, and the "threshold" for professional qualifications is not low. Practicing the profession requires knowledge of accounting, auditing, and law, and the ability to conduct multi-faceted comparative analysis of indicators and data such as annual reports, interim reports, and prospectuses. Understand the legal system established by China to regulate financial risks and securities issuance and underwriting transactions, and be familiar with the basic framework of the securities market legal system. At the same time, he is familiar with the technical analysis of the securities market. Not only does he have strong comprehensive technical analysis capabilities, he can also innovate based on the current operating characteristics of the securities market and form a unique and effective set of technical analysis methods for the securities market.
Employment prospects:
Overall, China's securities analyst industry is at a relatively early stage of development.
In terms of scale, as of the end of December 2006, there were 104 securities companies nationwide, and 102 securities consulting companies approved by the China Securities Regulatory Commission with qualifications to engage in securities investment consulting business. There are 20,000 people with securities investment consulting qualifications, including more than 6,000 qualified securities analysts.
4. Actuary
Position analysis:
An actuary is a professional who uses actuarial methods and techniques to solve economic problems. The traditional working field of actuaries is the commercial insurance industry, mainly engaged in important work such as product development, liability reserve accounting, profit analysis and dynamic solvency testing.
Employment requirements:
1. Design of insurance products: Design new insurance terms through investigation of people’s insurance needs, and the design of insurance terms must take into account people’s different needs. It has rationality in pricing, feasibility in management and competitiveness in the market;
2. Calculation of insurance premium rates: Based on past life statistics, current bank interest rates and expense rates, etc., to determine the cost of the policy Price;
3. Calculation of reserves and policy cash value;
4. Adjust premium rate and insured amount: adjust premium rate and degree of protection according to social needs and time, To increase attractiveness and competitiveness;
5. Review the company’s year-end financial report
6. Grasp the investment direction: Evaluate the company’s various investments to ensure the success of the investment Safety and profitability;
7. Participate in the company’s development plan: Provide effective data support and professional advice for the company’s future economic decisions.
Position planning:
If you want to become an actuary, you must first master some basic courses, such as calculus, linear algebra, probability theory and mathematical statistics, insurance and risk management, etc. Not only that, because actuaries are engaged in careers in the economic field, they must also have high economic accomplishments and master accounting, finance, economics, computer and other sciences.
In this way, actuaries can have a strong ability to respond to changes in the economic environment