All about the profession of economist-financier

An economist-financier is a difficult but interesting profession. In order to effectively fulfill their professional duties, a specialist must have a large amount of knowledge, as well as have practical experience. This career interests many young people. In our article we will consider all the nuances of the profession of economist-financier.

The economist’s financial work is considered quite prestigious, which is why hundreds and thousands of school graduates enter the economics departments of higher education institutions throughout the country every year. Contrary to the prevailing view that modern the labor market is experiencing an excess of such specialists, it is rather difficult to find a truly qualified, experienced and interested employee.

First of all, this specialty will interest those young people who have a penchant for exact sciences, as well as an analytical mindset, they want to work in the office and receive high material rewards for their work. Like any other profession, the career of a financier is characterized not only by positive, but also by negative traits. Before you finally decide to connect your destiny with this profession, you should carefully weigh the pros and cons.

To begin, consider the benefits of the professional activities of an economist-financier.

• High profit payment. Leading economists and financiers of the enterprise (especially if they are involved in work in the private sector) receive quite high material remuneration for their work. It is no secret that each of us seeks to obtain a profession that will ensure a high standard of living.The profession of economist-financier belongs to this category.
• Comfortable working conditions. Employees of the economic department of enterprises work in very comfortable office conditions. In addition to a spacious office, a leading economist and financier at a large enterprise can count on a free gym or pool, snack bar, convenient work schedule, lack of processing, and so on.
• Ability to work in various fields. Economists and financiers - these are specialists who work in enterprises operating in various fields of human activity. Accordingly, you can engage in economic activity in any field of interest to you (for example, in medicine, sports, construction, industry, etc.).

However, do not forget about the shortcomings.

• Routine. The daily tasks of the economist-financier are similar, the specialist performs a large amount of paper work. Accordingly, a person who is not inclined to perform typical routine and standardized tasks will not be able to stay in office for long.
• Uneven demand. The demand for these specialists in the economic sector is uneven in our country. So, in large cities it will be much easier to find work than in the provinces. Accordingly, to get a job, you must move to a metropolis.

The functional responsibilities of the economist-financier are spelled out in an official document - a job description. Each employer is obliged to familiarize applicants for the position with this document before offering them official employment. According to the job description, the shoulders of the economist-financier fall on such responsibilities as:

• implementation and control over the implementation of financial transactions at the enterprise;
• creation of documentation on the basis of which the company carries out its financial activities;
• communication with managers, partners and colleagues;
• preparation of various documents (including bank documents);
• making report;
• income distribution;
• cost accounting;
• development and monitoring of compliance with annual and quarterly financial plans;
• development of sales schedules for products (or services);
• study of the sources of financing the company;
• analytical work;
• monitoring compliance with the necessary financial indicators and much more.

It is important to keep in mind that this list is not closed. Depending on the specific enterprise and the specifics of its functioning, job responsibilities may be changed and supplemented. Thus, the presence of additional professional abilities, skills and knowledge, as well as outstanding personal characteristics will help you stand out from the background of all applicants.

When finding a job as an economist-financier, you need to keep in mind that for this specialist in some cases serious responsibility may be placed. For example, if an employee fails or improperly fulfills his professional duties, he may be subject to disciplinary, administrative, civil or even criminal liability.

And liability may occur if the employee causes material damage. This information is spelled out in detail in the job description of a specialist, therefore it is very important to familiarize yourself with this document before proceeding with the direct implementation of your job duties.

If you want to work as an economist-financier, then you you need to get the appropriate specialty. Moreover, depending on the specific place of work and the requirements of the employer, a different level of qualification may be required. For example, the employer may require a diploma of secondary vocational or higher education (the second option is preferred).

When choosing a school give preference to those institutions that are respected among the professional economic community. Pay attention not only to theoretical, but also to practical training of students. In the learning process, it is very important to get the highest possible scores, since this factor can become decisive in employment and distinguish you from the general mass of applicants. In addition, if you want to actively move up the career ladder, it is important to regularly attend specialized educational events: lectures, seminars, master classes and so on.

As mentioned above, the financier-economist can work in various fields. However, most often these specialists are in demand in such areas as:

• banking;
• investment companies;
• exchanges and brokerage agencies;
• consulting companies;
• large manufacturing firms.