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What does an Auditor do?

As an auditor, you will assess and verify the accuracy of an organization’s or government’s internal records. Through this line of work, you will search for fraud, waste, or misconduct. The extent of this assessment can vary depending on the specific job, but it may include evaluating a financial system, management protocol, and the company policies that are being used to protect against waste or fraud. An addition to an overall assessment, an auditor may also work to ensure that taxes are paid, and that financial records are accurately kept. A company can succeed or fail depending on the auditor that they hire, and being an auditor can be quite a rewarding experience as you work to make a difference in each and every company that you work with.

auditor

What sort of training and education will prepare me to become an auditor?

The best and most logical first step towards becoming an auditor is to earn a business degree. While it is possible to become an auditor with a bachelor’s degree, you will likely require an additional year of education relating to auditing such as advanced financial accounting. After this additional year of schooling, you will likely find that it is easier to just take the extra step to obtain a Masters in Business Administration.

In addition to your education, you will also need to take and pass the CPA exam in order to become an auditor. The CPA exam consists of a wide-variety of test questions related to accounting and provides all sorts of simulations that allow you to demonstrate your expertise. Through this exam, you will display your knowledge in auditing, business transactions, financial accounting, and federal taxation. Upon passing this exam, you will obtain your license which will allow you to begin to work as an auditor.

What does a Credit Analyst do?

Credit analysts analyze financial statements and data for individuals and businesses in a variety of fields. Their goal is to ascertain the risk involved in extending loans and lending money. In sum, they analyze the creditworthiness of businesses and individuals.

credit analyst

Educational requirements for credit analysts

With a focus primarily in economics and mathematics, the field requires a strong background in both. Most jobs require at least a Bachelor’s degree in business, finance in combination with relevant experience. Many universities and colleges offer degrees and certifications in the business field, and there are a multitude of online degree programs, from certificates in project management and accounting to a Bachelor’s degree in Business Administration or Accounting. However, the most competitive jobs will prefer you to obtain a Master in Business Administration, Accounting, or Finance, and you can obtain these both online and on campus from a plethora of universities.

Highest employment for credit analysts

There are a multitude of industries one can work in as a credit analyst, since all businesses and individuals need advise regarding their financials. According to the United States Bureau of Labor Statistics, the industries with the highest levels of employment of credit analysts were the Depository Credit Intermediation, Nondepository Credit Intermediation, Management of Companies and Enterprises, and Automobile Dealers. However, there are a plethora of other industries in need of the services of a credit analyst.

What does an Investment Advisor do?

Choosing a career as an investment advisor places you in the circles of high finance and on the path to a well-paying position. With a solid education in finance, you have the opportunity to understand the movement of money and its effects. Once you gain sufficient experience, you can become a major player in the field. The training required is rigorous and heavily dependent on the principles of accounting, banking, stock market activities, statistical analysis and sales. As an investment advisor, your success depends on helping clients invest their money wisely and seeing that money grow.

investment advisor

Educational requirements for an investment advisor

A four year bachelor’s degree provides a solid grounding in finance and business principles. However, the Master of Business Administration is quickly becoming a minimum requirement for advancement in the field since there are a limited number of good positions and many candidates. The MBA normally takes two years more of study but adds quality to your credentials and leads to better job opportunities. Along with your academic training, you benefit by learning from the ground up. An internship gives you the chance to participate and depending on your performance, the possibility of permanent employment. Along with the MBA, certification as a chartered financial analyst further qualifies you for a favorable position in the field.

Investment advisor career paths

As an investment advisor, you can specialize in one or more fields. The stock market is fast moving and carries the potential for a large income. When helping clients increase their wealth, your compensation will grow along with their earnings. In banking, you help clients invest profitably and become a key player yourself. Real estate and insurance offer opportunities for an investment advisor to become a top business executive. In these careers, your social skills must be excellent and can lead to success and profitability.

Outlook for the future

The Bureau of Labor Statistics foresees only average growth in this field, around 9 percent. Electronic financial participation by individuals has made investment easier for those individuals, but as a good investment advisor, your expertise can have a positive impact on their efforts. There are many candidates for available positions so you need to become very competitive and persistent in your efforts.