When you think about jobs in the finance sector, the first careers that come to mind are usually banker, financial analyst, trader or financial advisor. The requirements for these kinds of jobs differ quite a lot. Most need qualifications that might entail hundreds or thousands hours of studying even after you graduate from the university. Some notable qualifications you might want to consider are the Chartered Financial Analyst (CFA) or the Certified Financial Planner (CPA). These qualifications might give extra leverage when applying for senior positions.
Depending on how ambitious you are, these certificates might be of very high importance or not important at all. The usual career path starts at business school, getting your BBA or MBA and doing an internship at a known firm.
As always, there are some interesting exceptions to this rule and one of them is Barry Ritholtz. Ritholtz doesn’t have a fancy MBA or PhD in economics or business administration. Ritholtz started out studying applied mathematics at college, when in his senior year he had enough and promptly quit. He went on to law school, graduated with excellent grades and worked for a law firm. However, after a few years of rigorous legislative work, like many of his school buddies, he had enough and left the business altogether.
Barry joined a trade firm. He was introduced to a very hard and demanding career, but soon found out that it was the career he had wanted all along. After many years and different companies, he started writing down his thoughts and found out that it was actually very eye opening. In his opinion, the skills he learned in law school largely helped his writings. The ability to simplify complex issues, dismiss irrelevant information and hone in on the important bits were largely attributed to why his thoughts would become so wanted across the nation.
As he rose through the ranks in the company, so did the readers of his blog, now named The Big Picture. He published research and commentary daily and as a Chief Market Specialist for a company with revenue of over 2 billion dollars, his thoughts were highly sought after. He has since appeared in varying journals, documentaries, radio shows and tv shows. Ritholtz continues to appear in financial media all across the world.
If you’re seeking for a lucrative and aspiring career, you don’t have to quit day dreaming the second you’re not invited for a week-long interview process in Ernst & Young or J.P. Morgan. There are many, many different career paths you can take and as Barry has showed, it’s not always necessarily the most obvious one. There are, of course, some common things with all wealthy and successful businessmen. These are, like always, hard work and determination.