Although many focus on a few specific positions, with the spread of fintechs and other companies in the financial sector, the range of companies to work in the financial market has increased significantly.
In this way, if you are looking for a job in the market, you must understand that the companies to work in the financial market are very different when it comes to the area of activity, commercial or operational.
Understanding how to win your job in the financial market
Among the main companies to work for in the financial market, it is common that the focus is only on large banks. However, the range of opportunities is much greater than you might think.
Thus, it is possible that you look for vacancies in these financial companies:
- Retail Banks;
- Investment Banks;
In order for you to understand what are the possibilities of acting in each of these branches, we will address the characteristics, requirements and performance in each of them.
Undoubtedly the ones that demand the most professionals and the ones that receive the most offers of resumes, Retail Banks are those that serve both individuals and companies that need credit .
Thus, whoever works in these institutions is responsible for raising and lending these funds, always considering a spread that makes the agency profitable.
With a greater focus on companies, governments and other financial institutions, Investment Banks are responsible, among other things, for assisting when raising funds.
In order to raise funds, they help from issuing fixed income assets to participating in IPOs .
Added to this, the performance in the processes of merger of companies, administration of diverse investment funds and financial modeling.
In order for you to be able to work in these institutions, in addition to graduation, masters and often doctorates in areas related to economics, accounting and finance, English is essential, as well as more complex certifications, such as CFP and CFA .
Securities brokerages have grown significantly in recent years, driven by the success of XP’s business model.
They, via Investment Advisors, are responsible for distributing investment products, from fixed income to structured operations, the famous Structured Operations Certificates (COEs).
To work in a brokerage, it is mandatory to have the Ancord certification , which enables the professional to work with investor prospecting.
Its main function is to clarify customers’ doubts and help them when deciding which asset to allocate, all based on the profile of each of their customers.
Thus, to stand out in this field, the Advisor has to study a lot about the market and everything that impacts the profitability of assets.
In addition, you must have good knowledge of economic cycles and, of course, be an excellent communicator.
Managers can be divided into a range of options, such as:
- Private Equity Funds ;
- Venture Capital Funds;
- Hedge Funds;
Each one of them is responsible for a line of business, so in the case of managers linked to Private Equity, they buy stakes in companies to manage and leverage results, with the aim of selling the stake for a higher amount in the future.
In the case of Venture Capital, the performance is similar, only changing the target audience, which is mostly linked to companies with less time in the market and whose essence is innovation.
For hedge funds, managers are focused on obtaining high returns in the short term, following economic cycles, always seeking to obtain the best return based on a scenario.
Finally, wealth managers have the function of working with large fortunes and, generally, with individuals. Its main attribution is to allocate resources with the best possible return while taking little risk.
With a total focus on risk management, insurance companies have the role of protecting individuals and companies from financial losses that can destroy assets and even cause the bankruptcy of a company.
So, whether it’s business, real estate, rentals, crops, they all need protection insurance and that’s where insurers come in, with complete data analysis and modeling that allows you to assess the risks and the price to cover them.
Combining financial market and technology, Fintechs have grown exponentially, especially in the last 3 years.
With a different focus from the big banks, these companies try their best to include portions of the population that previously could not access financial services at low costs.
Thus, they create payment applications, brokerages, companies to offer credit, among other services, always focusing on including those who do not have as much access.
With intuitive and easy-to-navigate platforms, they gained strength in the market, having, in some cases, more customers than renowned institutions in the market.
Researches are companies in the financial sector whose main feature is the performance of analytical professionals, since they deliver reports on the purchase and sale of assets, that is, they indicate stocks, real estate funds, among other assets to investors.
To work at a Researchs, it is essential to have completed higher education and the CNPI certification, only then will it be possible to act as an analyst and sign your reports.
Thus, of all companies to work in the financial market, analysis houses are the ones that most demand professionals and, due to the low supply, salaries are very high when compared to other vacancies.