How attractive is the industry in terms of its prospects for above average profitability?

liigo Business 40

  Why did you choose finance as a career?

  Financial wizards don't just have jobs that are challenging, but

  they are also amongst the top paid professionals in the industry.

  Finance is the backbone of any company and financiers are the ones

  that keep it running smoothly. Finance graduates have a variety of

  careers to choose from such as insurance, corporate finance,

  investment banking, financial planning, etc. According to the

  Department of Labor, the average annual income of financial

  managers was $99,330 in May 2008. Exciting job prospects, plenty of

  advancement opportunities, attractive remuneration are some of the

  reasons for choosing a career in finance.

Related Q&A:

How attractive is the industry in terms of its prospects for above average profitability?

Well, it really depends on a bunch of factors, ya know? Like the level of competition, market demand, and technological advancements. In some industries, like tech or healthcare, the prospects can be super attractive. There's a high demand for innovative products and services, and if you can get in on the ground floor and offer something unique, the potential for above?average profitability is there. But in other industries that are oversaturated or facing regulatory challenges, it might be a lot tougher to achieve those kinds of profits. So, it's not a one?size?fits?all answer.