You have many options if you are thinking about a career switch from finance. You can choose to teach, do investment research or manage portfolios. But if time and money are tight, teaching can be a good option.
Teaching is a career move from finance
Making a career change from finance to teaching can be intimidating, but there are many ways to get started. Begin by taking free courses to learn from teachers. Log your classroom hours to get a sense of what to expect each day. Furthermore, determine the grade level for which you are best suited.
There are many credential options, including a Master of Arts program in Teaching. This credential is available to individuals who have a bachelor's or higher degree. There are many programs available, but they can differ from school to school. Do some research to find out which school has the most affordable and efficient program. If you are looking to switch careers, the MAT program at Bellarmine University can help. Students who enroll in this program will attend classes one evening per week, and a couple of Saturdays each semester.
The first step to portfolio management is investment research
Investment research can be a good stepping stone to a career as a portfolio manager or in hedge fund management. This job offers a great work-life balance and competitive salaries. However, transitioning to a more difficult role can be difficult. Here are some key tips that will help you make the switch.
You need to be passionate about markets. Get involved in networking and learning the basics of the stock exchange from UF alums. This will help you impress your interviewers. Not only are you passionate about the market but it is also a benefit to have experience with investment research. Interviewers will be impressed if you have a well-written and informative report about a forgotten organization.
You don’t have the funds to retrain
Retraining in a different field is a good way to earn more and switch careers. This will help you gain more experience and skills, which will make you more employable. It may also satisfy your desire for a different career. Retraining can be costly.
It's not possible to have the time
If you feel stuck in your current job, you may not have the time to pursue a career change in finance. Retraining can cost a lot and it may be too expensive. You may choose to stay the same, even though you have accumulated a substantial amount of money.