Managing gigantic financial flows. Decent salary already at the start of your career. An opportunity to share the laurels of Warren Buffett, Peter Lynch, George Soros, and maybe leave these meters far behind.

The profession of a financier opens up de facto unlimited prospects for material and personal growth for young people. It is fraught with a lot of risks and dangers of being a loser, unclaimed and forgotten. The best reach the top and make history in the world economy. The worst are content with a salary of 15 thousand rubles somewhere in the periphery. Who is a financier, what to expect from this profession and what skills to develop? Let's figure it out.

Who is a financier

A financier is a legitimate specialist who conducts large monetary transactions. This could be lending, investment, financial flow management. The field of activity may also include the introduction of new goods and banking products, brokerage services, and advertising.

A financier is neither an economist nor an accountant. However, the professional skills of these two specialties are vital for conducting successful activities.

In 2008, Forbes compiled a ranking of the richest financiers on the planet and found that only 20 people earned over $515 million in a year. The names of legendary specialists will forever go down in the history of the stock and venture markets, as well as the banking sector and the economy as a whole. Mutual fund manager Peter Lynch, multi-billionaire Warren Buffett, who increased the assets of Vanguard Windsor and Gemini by 5,600% over the years, John Neff - everyone who is associated with the economy and investments remembers them.

What you should know

The position requires a higher education, which the young specialist must support with practical skills and personal qualities. He must know how to manage capital to obtain maximum benefit. Must be aware of the state of the economy, be able to quickly assess the prospects of projects and the competitiveness of products. His competence also includes analysis of the state of the advertising market, which continues to be a key engine of trade. The best specializations for study are finance and economics.

• Russian Academy of National Economy and Public Administration.
• High School of Economics.
• Moscow State Institute of International Relations.
• Russian Economic University named after Plekhanov.
• Financial University under the Government of the Russian Federation.

The basis of a financier’s success is constant self-development and learning. This position does not fall into the category of specialties for which you are 100% ready after graduation. They will teach you how to assess the condition of funds, but will not tell you what to do if they collapse. You will know about the criteria for the prospects of projects, but will not learn to see the nuances in them. You must be prepared to make decisions in which you will a priori risk huge capital.

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Professional qualities of a financier

A specialist in this industry can deal with investments, budget allocation, insurance, introduction of new products, international financial transactions and other sectors of the economy. The list of professional skills depends on the market segment in which you plan to work. But the basic qualities are the same for all financiers:

• detailed knowledge of the market and the state of the economy;
• ability to assess the prospects of projects;
• knowledge of investment technologies and the state of stock markets;
• detailed understanding of the banking segment;
• ability to ensure competitiveness of products.

A mathematical mindset forms the basis of a specialist’s professional activity. He always carries a colossal burden of responsibility. Not everyone can withstand this.

Personal qualities are no less important - an analytical mind, the ability to make independent decisions, resistance to stress, determination and attentiveness.

Where can he work?

Wherever there is money, even if it is presented in intangible form (banking products, securities, intellectual property, and so on). The specialist manages financial flows, which means his services are indispensable even in small and medium-sized businesses. Often financiers act as advisors, helping businessmen and individuals manage their capital wisely.

TOP 5 most popular places to work:

1. Banks.
2. Private companies and enterprises.
3. Investment funds.
4. Stock exchanges.
5. Securities markets.

Jobs for financiers are provided by 90% of companies operating in completely different market segments. The services of a specialist are in demand wherever competent financial transactions are required with a focus on making a profit and obtaining other benefits. However, the remuneration of a professional will depend on the company or organization in which he will work. You should not expect that a small provincial enterprise with low trade turnover will be able to provide a multi-million dollar salary.

Financier salary

The size of a specialist’s remuneration is determined by the market. Practice shows that investors, representatives of the banking sector and brokers earn the most. Much will depend on experience, qualifications and personal history - one unsuccessful deal can put an end to your career. But a successfully completed investment (for example) can create a big name for you already in the first years of your professional activity.

How much does a financier earn in different regions of Russia (average salaries):

• Moscow – 70,000 rubles;
• Moscow region – 55,000 rubles;
• Leningrad region – 43,300 rubles;
• Kirov region – 40,000 rubles;
• Pskov region – 50,000 rubles.

Obviously, this is the “average temperature in the hospital.” The salary of successful financiers, according to research, exceeds 1 million rubles per month, and abroad it is even higher. But professionals from the periphery are forced to be content with a salary of 15-20 thousand rubles.

For a financier, it is important to make a career, be able to make the right decisions on time and constantly move forward. Looking for a position in which you will prepare formal financial reports while “serving” time means burying your own professional growth.

Pros and cons of the profession of financier

pros. First of all, this is high wages for professionals. This specialty is in demand; every financier has prospects for building a brilliant career. Obviously, it makes no sense to look for happiness in small cities - you should be in large regional centers, be where large financial flows circulate. Only in this case will you have a chance to be successful.

Another advantage is interesting, respectable work. Managing money is really interesting, although risky. You can make history by significantly increasing the company's capitalization. You can make a deal or implement a project that will change the lives of thousands of people for the better. And believe me, employers are willing to pay exorbitant amounts of money for the ability to increase capital. But only if you are really up to the job.

It is impossible not to mention flaws. First of all, these are high risks. Every unsuccessful deal is a big minus in your professional portfolio. You are always risking large sums of money - this is an integral part of the work of any specialist in the industry.

Without risk it is impossible to achieve success. It will come only if you learn to do everything correctly and on time, acquire professional instincts and your own vision of the market.

Another disadvantage is the lack of clear instructions. It is impossible to learn the profession of a financier 100%. Constant self-development and self-education are required. Professional flair is required. It is worth understanding that you will always be competing with other financiers who have the same theoretical basis and want to leave you with nothing by being the first to conclude a profitable deal or secure a profitable investment. Your job is to constantly be better. And if this succeeds, then you will go down not only in the history of your own company, but also in the history of the world economy.

Financier

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Details

An economist is about money, and so is a financier. Is there a difference between them? What is the difference between an economist and a financier in general and in particular? Let's find out.

Let's start with the fact that economics is the science of competent housekeeping. This science is also applicable to control, analyze and manage your personal resources - salary, household, etc. In general, economics is a very necessary thing for any type of economic activity.

And that is why, thanks to its applied properties, usefulness and demand in many areas, it is very popular among young people as a profession that they want to get. For many years, economists have been among the top most popular professions among applicants. When entering a university, many people think about which department to choose.

Now there are many options for possible specializations. The question arises as to how they differ from each other. For example, what is the difference between an economist and a financier? Which faculty is better to enroll in – Economics or, say, Finance and Credit? Will the scope of activity of such specialists differ?

Who is an economist?

Economists deal with economics at an enterprise. These are specialists in the field of planning, analysis and management of the financial and production activities of an organization. Their responsibilities include economic analysis of all necessary indicators, budget planning, calculation of production costs and the effectiveness of planned changes and innovations, strategic work to improve the efficiency of the enterprise. An economist prepares data, processes it, and stores economic information.

Who is a financier?

The financier is responsible at the enterprise for everything related to the conduct and execution of financial transactions, the most optimal and efficient distribution of financial resources, profitable and competent investment of the enterprise's current financial assets. Also, financiers are those who are engaged in the professional management of capital, their own, attracted or the capital of the employer company.

Differences between an economist and a financier

What these two professions have in common is that both an economist and a financier work with cash flows. What distinguishes an economist from a financier is the financier’s more specific work with finance. A financier is a practitioner, he looks for ways to increase existing capital, he directs them, invests them, analyzes their movement, draws up a budget, and invests assets. The more income the money brings, the better the financier works.

An economist is more of a theorist; he analyzes economic information, develops measures aimed at increasing production efficiency, more competent organization of labor, reducing losses and unnecessary expenses.

If we say in one sentence what is the difference between an economist and a financier, then we can formulate it like this. An economist analyzes data from various economic activities of a company, and a financier looks for ways and opportunities for successful investment of funds, and also manages financial flows.

How else does an economist differ from a financier?

It is worth adding that the effectiveness of an economist’s work can only be assessed in the long term, using qualitative indicators. And you can evaluate how effectively a financier works at any time and for any period, based on quantitative indicators.

What exactly an economist does not differ from a financier is that in order to become the first or second, you need to obtain a higher education. Although, of course, this is not always the case. A young specialist can begin his career while already studying in his senior year at a university. It is best to choose a prestigious university with a good reputation, since in the world of finance reputation means a lot and it will be easier for a graduate of a well-known university with a good rating and solid history to find a job.

It is best to choose educational institutions for which economics is a core discipline, such as REU. G.V. Plekhanov or the Higher School of Economics, or state universities and institutes, education in which is also an unconditional sign of quality, such as Moscow State University. M.V. Lomonosov or MGIMO.

To enter such universities, you will have to put in a lot of effort, but it will pay off in the future. After all, an economics diploma received, for example, from MGIMO is much more prestigious than an economics diploma received, say, from the Agricultural Academy.

Of course, this is true if you plan to build a career in the world of finance and economics. If you plan to work in a certain sector of the national economy, then it will be more convenient to enroll in a non-core university that specializes in training personnel in this sector.

Well, in conclusion, it is worth mentioning what is the difference between an economist and a financier, in addition to all of the above. An economist can work in almost any field and at any enterprise. The scope of application of one’s talents for a financier is more limited, but at the same time, it allows one to achieve major successes.

Profiles of the direction "Economics":

Finance and credit

Accounting, analysis and audit

Taxes and taxation

Profile "Finance and Credit"

This profile allows students to gain extensive knowledge about the processes of formation and execution of budgets at different levels, the procedure for planning accounting and reporting, organization and management of cash flows of enterprises, investment activities of business entities, features of the organization of finances of enterprises and organizations; banking and insurance.

Graduates of this area are equally well versed in financial management, insurance, loans, financial management, and pricing.

Knowledge and skills of specialty graduates allow them to apply for prestigious jobs in serious organizations: in economic and financial services of enterprises and organizations of all forms of ownership, in government bodies at the federal, regional and municipal levels, banks, stock exchanges, financial and insurance companies, investment funds. The services of graduates of the specialty are in stable demand in the labor market, and they themselves have good prospects for further professional and career growth.

Employment Opportunities are very extensive: at the enterprise, graduates of the specialty “Finance and Credit” can carry out professional work as economists, financial analysts, specialists in the economic planning department, investment consultants, heads of financial departments, financial directors , as well as in other positions that require knowledge of the tools and methods of financial management, the basics of organizing monetary regulation, money and trade turnover.

Wide job opportunities open up for our graduates in the banking sector. Bank divisions involved in lending need competent credit inspectors and lending specialists. Other structural divisions of banks require economists for currency and deposit transactions, interbank settlements, securities, economist-analysts, and specialists in working with plastic cards. Having started his professional activity in one of these positions, a graduate of the specialty “Finance and Credit” has ample opportunities for career growth, development and transition to more responsible and interesting positions as heads of relevant departments of banks.

Professionals with knowledge of the insurance business and methods of risk management and financial analysis can conduct professional activities as insurance agents and brokers, expert insurance consultants, economists and, finally, presidents of insurance companies.

Another interesting area of ​​activity for graduates of the specialty “Finance and Credit” is the work of financial brokers, whose main field of activity is stock trading. Such specialists can work in investment companies and banks, brokerage and management companies, and structural divisions of the stock market.

Profile "Accounting, analysis and audit"

The demand for specialists in this profile is very high, since not a single enterprise can function without accounting.

A graduate of this profile is a bachelor with knowledge in the field of accounting, analytical, financial, consulting, management, control and auditing activities. A bachelor of this profile has basic theoretical and practical professional skills in the field of financial, management and tax accounting

An accountant is able to comprehensively analyze the results of an organization’s economic activities, identify problems, violations and errors in the implementation of economic activities and suggest ways to eliminate them. Able to audit and analyze financial statements; keep accounting records in an automated way using computer programs. He has the necessary legal knowledge in the field of contractual and claims work, and is able to widely use regulatory documents in his activities.

The task of an accountant is to account for, plan and control funds, income and expenses, property and liabilities of the organization. He takes part in resolving financial issues, works with tax authorities, and is able to suggest directions for minimizing taxation of the organization.

A bachelor's degree in Accounting, Analysis and Audit can work in commercial, non-profit and budget organizations, banks, financial companies and tax authorities.

Professions: accountant, economist, financier, auditor.

Profile “Taxes and taxation”

Taxes and taxation are an important link in economic relations in society. Taxes are the main source of revenue for budgets at all levels and an effective instrument of state regulation of socio-economic relations. Without knowledge of specific tax proceedings, it is difficult to imagine the manager and leading specialists (accountant, economist) of a modern company.

The “Taxes and Taxation” profile is unique because... includes training in economics and jurisprudence. Graduates of this profile are prepared to work in various fields of activity. Highly qualified training in accounting, analysis and auditing; Civil, Criminal, Administrative processes; tax consulting in various industries. Knowledge in the field of law allows you to correctly apply the norms of tax, civil and other types of legislation in your activities, since they regulate the construction of financial relationships between the state, legal entities and individuals.

Having an education in the field of taxation, the ability to navigate the economic processes taking place in the country, as well as knowledge of the legal aspects of life are and will be in demand.

An economist with a profile in “Taxes and Taxation” has the necessary skills of practical work in the fiscal sphere, in legal and economic services of enterprises, organizations, institutions; have knowledge of the patterns and features of the development of the tax system of the Russian Federation, as well as domestic and international experience in the management and functioning of fiscal systems; knows how to use knowledge of taxation theory in his practical activities; knows the basics of organizing tax regulation; sees prospects for the development of the tax system and his professional growth.

Tax specialists are in stable demand in the labor market, having good prospects for further professional and career growth and the widest opportunities for work not only in the tax system, but in enterprises and organizations of all forms of ownership.

A graduate’s professional activity in the “Taxes and Taxation” profile can be carried out at all levels of the tax system at the federal, regional and local levels. It is perhaps worth noting that tax service employees are state civil servants, whose legal and social security is guaranteed by the state.

However, the scope of activity of tax professionals is not limited to inspection alone. Knowledge of norms and laws in this area makes our graduates almost indispensable advisors for any organization.

A promising area of ​​activity for a tax specialist is the practice of tax consulting. The profession of a tax consultant opens up amazing prospects for those who own it. A relatively recently emerging area related to accounting support for a large company or private entrepreneur and aimed at optimizing the taxation process is extremely in demand. An additional opportunity for self-realization is provided by consulting on filling out tax returns. Today, more and more professionals are needed in this field of activity, but there is clearly not enough relevant personnel.

By choosing the “Taxes and Taxation” profile, you can get the most prestigious job and contribute to the development of the national economy and the economy of the region!

Many people are concerned about the question of how to choose a specialty. “Finance and Credit”, “Accounting”, “Law”, “Philology”, “Insurance” - the choice is so huge that the applicant sometimes gets confused and cannot decide.

This question torments not only young men and women embarking on the path of growing up. Many experienced and successful people, professionals in their field, on one issue or another are thinking about obtaining a second higher education, improving their level of qualifications, or confirming their diploma.

Why should you become an expert in financial matters?

The country's economy constantly undergoes ups and downs, and in order to navigate and respond to all changes in a timely manner, it is necessary to have a certain amount of knowledge. By choosing the specialty “Finance and Credit” as a profession, an applicant will not go wrong. This is precisely the opportunity thanks to which you can always stay on top of the game and not depend on the variability of macro- and microeconomic indicators. Of course, not every position implies stability and a bright future. However, the ability to sense changes will help you take adequate measures in time and not let your career and life take their course.

Choosing the right educational institution is the key to future career success

For our country, the study of financial structures and cash flows is a fairly new area. Often universities are not able to present students with information that corresponds to reality. It is very important that the department, which has the specialty “Finance and Credit” on its list, has the latest educational literature, methods of presenting and discussing the material, and teachers who understand the intricacies of the science. It is best when, in addition to theorists, practicing bankers and financiers act as teachers. Such “business sharks” know first-hand what “Finance and Credit” (specialty) is, and what kind of work to do if they choose this path in life.

Where can you work with a diploma in this specialty?

There is an opinion about a limited list of positions for people who have chosen the field of “Finance and Credit”. The specialty (whom to work specifically, we will consider below), contrary to the misconception of the uninformed, is not limited to the work of a banker. The list of possible positions is quite large and covers different areas of activity.

Finance Specialist

This position exists in a company of any level and form of ownership. Cash flow management, relations with other institutions (banks, treasuries, tax authorities), analysis of activities and profitability - all these are the powers of a competent financier.

Banking specialist

In an organization such as a bank, there are a lot of opportunities to realize your talents and skills. Due to the widespread popularization of banking products among the population, you can find your niche and successfully move up the career ladder in the loan issuance department, insurance department, providing services for processing deposits and selling various banking products.

Appraiser

This is a fairly new and specific specialty. Finance and credit (already issued by an entrepreneur or a future loan), assets, the prospects of a particular project, businessman, agreement or product - all these factors and many others need to be systematized by the appraiser, brought together and, as a result, determine the value of a particular object or process. To some extent, this is the subjective opinion of a specialist, however, the higher the qualifications, professionalism, experience, and level of trust in the appraiser, the more clients will listen to him.

Investment consultant

A consultant is a position that an employee can hold as a full-time specialist or a periodic assistant to a manager. Fluency in information related to profitable investments, foresight and the ability to calculate future events will become a reliable support and basis for successful cooperation with managers of major companies and organizations.

Crisis manager

This is a profession that has become the talk of the town, a specialist who will help lead a company out of a dead end. The difficulties faced by many businessmen force them to look for ways to save money and optimal solutions for further activities. A competent financier should help in resolving such issues thanks to knowledge of the flow of funds both within the company and in its external transactions.

Which university issues the required diploma?

The received diploma confirming knowledge in the field of “Finance and Credit”, a specialty (universities of all levels and ranks provide the opportunity to master it), is not just a document indicating graduation from the university. It should become the calling card of a young specialist who is just trying to get a job. Unfortunately, not all educational institutions can boast of a sufficiently high-quality education system. Many fly-by-night universities produce batches of “professionals” who are incapable of solving planned problems at work. To avoid being one of them, it is worth joining the ranks of students at time-tested universities. These are not necessarily the most prestigious Moscow institutions; the top best in Russia include St. Petersburg State University, Novosibirsk National Research University, National Research University Higher School of Economics and many others. All of them, in addition to a good basis, have agreements with employers that will help you apply knowledge at work.

How to get your first work experience?

Practice in the specialty “Finance and Credit” does not imply high positions, but it will help you figure out what’s what in real life, and not on the pages of a textbook, and will become the foundation and support for your future career.

Specialists from recruiting companies convince us that difficulties in the economy still leave financiers and related positions in the top five most in-demand professions. Young specialists can well count on further growth, but the start of their career begins with the positions of junior assistants, analysts and assistants. Such a “baptism of fire” will allow you to study the investment, securities, lending market and consolidate the theoretical knowledge acquired in the “Finance and Credit” course. The specialty (reviews from graduates confirm the data) is promising for those who truly have a flexible mind, the ability to quickly navigate and are determined to achieve results in their work.

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