If you are a young woman visiting this site, chances are exceedingly high that you wish you had more money. If you are a young woman contemplating a career path, contemplate this—a career in finance. Many women are disinclined to consider a career in finance, which can be a big mistake.
Whether or not you’ve already considered the field of finance for your own career, keep the following in mind:
1. Finance Isn’t Just Doing Math And Trading Stocks
The reasons that many women shun finance are myriad: It’s just for math geeks, it’s boring, they don’t have a strong enough economics background. In my experience, none of those are good enough reasons. The stereotypical finance job is not necessarily the reality. Sure, there are plenty of “quants” (translation: math geeks) but there are many other areas of finance as well, including asset management, sales and trading, investment banking, client services, and even event planning.
2. Finance Is A Huge Field With Many Opportunities
Jobs in finance get you closer to where the money is. No field is easy these days, and there is no guarantee of lifetime employment anywhere, but the skills you learn in finance are useful everywhere. The field is large, encompassing commercial banks (like J.P. Morgan and Bank of America), investment banks (like Goldman Sachs and Morgan Stanley), asset managers (like Blackrock, PIMCO, Vanguard, and Alliance Bernstein), hedge funds, money managers, and financial planners.
3. Combining Investment Banking With Starting A Family Is Challenging
Career paths can be quite varied, but one thing you really need to consider is your future ability to have a family. Although it can be potentially quite rewarding, I would steer clear of investment banking if you want to have a family. Investment bankers can’t control their schedules. While it might sound glamorous and fun to travel to clients and work on deals until all hours of the night, it becomes incredibly difficult to juggle a family and work in your thirties and onward.
To take control of your finances, think hard about your career choice—and consider following the money.
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