If you're looking for a career in finance that will allow you to travel, there are a few options to consider. Consulting roles, particularly in management consulting, offer a lot of travel opportunities, although it's mostly within your home country. If you're looking for international travel, consider a career in sales or client relations, as these roles often require building relationships face-to-face. Additionally, some finance jobs that involve research, M&A, and capital markets may require international travel due to roadshows. Keep in mind that travelling for work can be demanding and may leave little time for leisure.
Characteristics | Values |
---|---|
Job Title | Financial Service Officer, Chief Financial Officer (CFO), Budget and Financial Analyst, Business Financial Manager, Corporate Financial Analyst, Manager of Financial Planning and Analysis, Financial Support Assistant, Chief Deputy Financial Officer |
Salary | $55,924 - $201,300 a year |
Job Description | Preparing and presenting financial information to management, using financial principles to identify trends in data, regular monitoring and reporting on the financial performance of the company, providing timely and accurate financial statements and forecasts, financial analysis, financial reporting, and fiscal management |
Travel Requirements | Travel requirements vary depending on the company and role, ranging from frequent international travel to minimal travel. Some roles may involve travelling within the same country, while others may include international travel a few times a year for meetings or training. |
Skills Required | Strong financial modelling and analytical skills, knowledge of financial regulations and accounting principles, strong knowledge of Excel and Access, communication and interpersonal skills |
What You'll Learn
Sales roles
Financial Service Officer
Representing a credit union, a financial service officer creates relationships with members and potential members to become their financial partners. This role involves offering a range of financial products, including banking, insurance, and investment options. As a sales-focused role, it requires driving success through service, building a book of business, and maximising personal productivity. Credit unions, like First Commerce Credit Union, offer competitive salaries and benefits, including health insurance, paid time off, and retirement plans.
Account Assistant
An account assistant role in a financial institution involves processing financial transactions and bookkeeping. While this position may not always be sales-specific, it can involve cross-selling products and services to clients. Account assistants gain experience in financial processes and develop relationships with clients, which can be a great foundation for a career in financial sales.
Financial Analyst
Financial analysts assess financial data to make informed business decisions. While this role may not always be sales-oriented, a strong understanding of financial trends and markets can be invaluable for sales roles in finance. Financial analysts often work with sales teams to identify new business opportunities and develop strategies to increase revenue.
Business Financial Manager
Business financial managers are responsible for preparing and presenting financial information to management. They utilise their knowledge of financial principles to identify trends and make budgetary decisions. In a sales context, these professionals can provide critical support by offering financial insights that inform sales strategies and help close deals.
Chief Financial Officer (CFO)
A chief financial officer (CFO) is responsible for the financial performance and strategy of an organisation. They provide financial statements, forecasts, and insights to drive business decisions. While this role may not be solely focused on sales, CFOs often work closely with sales and marketing teams to align financial goals with business development strategies. CFOs typically have extensive experience in finance and a strong understanding of sales and revenue generation.
These roles offer a blend of financial expertise and business development, allowing professionals to build successful careers in the financial industry while satisfying their desire to travel and explore new places.
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Consulting roles
In the world of finance, consulting roles may be found in investment banking, where analysts often travel to meet clients and present roadshows. These roles can be demanding, requiring you to land in the morning, attend meetings all day, and then stay in a hotel before flying back the next day. It is important to note that while travelling, you will still be working, and there might not be much time for sightseeing or personal activities.
Additionally, management consulting is often mentioned as a career choice for those seeking international mobility. This field offers the opportunity to work and live in different countries, adding value to organisations without necessarily requiring fluency in the local language.
Overall, consulting roles provide a unique chance to combine your professional skills with a desire to travel and experience new places. While the work can be demanding, it offers a break from the monotony of a desk job and provides opportunities for personal and professional growth in new environments.
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Research roles
If you're looking for a finance job that will allow you to travel, a research role could be a great option. Here are some things to consider about research roles in finance and how they can involve travel:
Types of Research Roles
International Travel Opportunities
Travel Frequency
The frequency of travel in research roles can vary. Some positions may only require one or two international trips per year, while others may involve travelling overseas more frequently, such as every other month. It's important to note that travel for work is often demanding and may not leave much time for leisure activities or sightseeing.
Building Client Relationships
In research roles, especially in sales, travelling may be required to build and maintain client relationships. Face-to-face interactions and attending client meetings can be crucial for fostering strong relationships and understanding client needs.
Career Path and Skills
To break into research roles in finance, a strong analytical skill set is essential. This includes proficiency in financial modelling, data analysis, and a deep understanding of financial markets and strategies. A degree in a quantitative field, such as economics, finance, or a related discipline, can be advantageous.
In summary, research roles in finance can offer international travel opportunities, especially in specific sectors and when building client relationships. These roles require strong analytical skills and a deep understanding of financial markets. While travel can be a perk of the job, it is important to remember that work travel may be demanding and leave limited time for personal activities.
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M&A roles
Due Diligence
Due diligence is a critical aspect of M&A, where professionals conduct an in-depth analysis of the target company's financials, operations, legal standing, and market position. This often involves travelling to the target company's offices, meeting with their management team, and reviewing sensitive information on-site. Due diligence trips can range from a few days to several weeks, depending on the complexity of the deal.
Deal Sourcing
M&A professionals are always on the lookout for potential acquisition targets or strategic partnerships. This involves attending industry conferences, networking events, and trade shows around the world. Building relationships with key players in the industry can help identify potential deals and facilitate the deal-making process. M&A professionals often travel to meet with investment bankers, private equity firms, and corporate development teams to discuss potential opportunities.
Negotiations and Closing Deals
When a potential deal is identified, M&A professionals travel to meet with the other party to negotiate terms and close the deal. This involves face-to-face meetings, presentations, and discussions to finalise the transaction. M&A professionals need to be adept at navigating cultural differences and building relationships with their counterparts to ensure a successful outcome.
Post-Merger Integration
Once a deal is closed, the work of integrating the two companies begins. M&A professionals may be involved in travelling to the acquired company's locations to oversee the integration process, which can include aligning operations, systems, and cultures. This phase often involves frequent travel to ensure a smooth transition and realise the synergies envisioned during the deal-making process.
Lifestyle and Benefits
In conclusion, M&A roles offer extensive travel opportunities for finance professionals. By facilitating deals, conducting due diligence, and integrating acquired companies, M&A professionals play a critical role in shaping the corporate landscape while enjoying the benefits of frequent travel.
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Audit roles
If you're looking for a finance role that involves travel, then audit could be a great option for you. Working in audit for a large, multinational company will likely mean international travel is a requirement of the role. Any organisation with an international presence and multiple sites will need auditors to travel abroad regularly to conduct audits.
While it may not be the most glamorous type of travel, it is a fantastic opportunity to see the world on your company's budget. You can expect to be travelling to different locations to conduct audits, and this could be a great way to break up the monotony of working from the same desk every day.
If you are looking for a role with a more balanced amount of travel, then a position in corporate finance within a mid-sized company might be a better fit. These roles tend to involve travelling a few times a year for important meetings or training sessions.
However, if you are seeking a role with a significant amount of travel, audit roles in large corporations with multiple international sites will likely provide you with the level of travel you are seeking.
So, if you are interested in pursuing a career in audit and have a desire to travel, consider targeting large, multinational companies with a global presence. This will not only provide you with valuable experience in your field but also offer you the opportunity to explore different parts of the world.
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Frequently asked questions
Yes, consulting roles, especially in management consulting, offer a lot of travel opportunities, sometimes even internationally.
Management consulting and working for a bank with international offices are good options for those seeking to work in different countries.
Real estate involves travel as it requires visiting assets. Additionally, certain roles in investment banking and private equity may involve travel, especially for client meetings.
It depends on the role and the company. Some finance jobs that involve travel may require prior experience, such as dealership accounting, while others, like financial representative roles, offer comprehensive training with no prior experience required.
While not a guarantee, having a degree in a field related to finance or business, such as an MBA or MHA, may increase your chances. Additionally, certifications like the Certified Commercial Banking Professional or the Certified Sales & Trading Professional can be advantageous.