$ $ $ $ F I N A N C E $ $ $ $

Robert J. Spinelli

Rush Henrietta CSD

SHOW ME THE MONEY!

Financial Services deal with the management of money for:– Individuals– Companies– Organizations– Government

Trends in the Industry

Growing needs on a local, national and international basis

Continuing complexity of regulations

Expanding choices of products, services and providers

Careers In Finance – Opportunities

Accounting Asset Management /

Financial Planning Banking

– Commercial– Individual– Investment

Insurance

Corporate Finance Mutual Funds &

Brokerage Real Estate Securities Trading Venture Capital

Career Tracks

Accounting– Accountant– Receivable/Payable– Auditor

Banking– Teller– Loan Officer

Financial Planning– Asset Manager– Securities Broker

Insurance– Agent– Commercial Broker– Underwriter

Compensation

Entry - $15,000– High School

Cashier Teller

Para-Professional - $25,000– Associates / BA, CEU– Minimum experience

Accountant Management trainee

Compensation

Management - $50,000– BA/BS, Masters preferred, Certifications– 3-5 years experience

Asset Manager Securities Broker

Senior Management -$100,000+– BA/BS, Masters preferred, Certifications– 3-5 years experience

Partner / Owner CFO

Tips On Hiring

Research the industry Know the leading companies Demonstrate an understanding of the “lingo” Know “who’s who” and where the opportunities are…

network! Education, certification and experience are key Work with university placement center Attend Job Fairs, Association Forums, etc

Careers In Finance – National Employers

www.ibb.ubs.com

www.citigroup.comwww.bofasecurities.com

www.ey.com

Careers In Finance – National Employers

www.aflac.com

www.newyorklife.com

www.prudential.com

www.americanexpress.com

Careers In Finance – Local Employers

Accounting– Over 300 firms in the Rochester Area

Asset Management/Financial Planning– Over 100 independent or branch offices

Careers In Finance – Local Employers

Banking– Over 30 different banks as well as credit

unions and other saving and lending institutions

Insurance– Over 100 independent and commercial

companies with 1000s of individual representing agents

Careers In Finance – Local Employers

Accounting– EFP, Rotenberg, Bonadio, Metzger-Barr

Banking– Charter One, Fairport Savings, ESL, CNB

Careers In Finance – Local Employers

Insurance– Blue Cross/Blue Shield, Reidman, Amica

Financial Planning Services– Crossbridge, Sage Rutty, AM&M

“Love / Hate Tips”Pros and Cons of the Finance Field

Love– Professional atmosphere– Good salaries– Stable environment– Career paths clearly

defined– Every employer/industry

has financial needs

Hate– Viewed as a necessary

evil by some…complex and compliant

– Long hours– Continuance of

educational requirement

HS Careers in Finance – Educational Requirements

High School Education– Math Concentration– Business– Business /Ethics– Accounting– Data entry– Computer systems and application

HS Careers in Finance – Local Employers

Delta Sonic, Tops, Wegman’s– Cashier

ESL, CNB, Charter One– Teller

Accounting Firm– Bookkeeper, File Clerk

Two Year Colleges

Monroe County Community College Bryant & Stratton Finger Lake Community College Rochester Business School Genesee Community College

– Associate Degrees in Accounting & Business

Four Year Colleges

Rochester Institute of Technology St John Fisher Nazareth University of Rochester SUNY – Brockport, Geneseo Medaille

– BA/BS/MBA – Business, Accounting, Finance

Employers in Monroe County

Kodak, Xerox , B&L Paychex Accounting Firms – KPMG, Mercer, E&Y ESL, Charter One, CNB, Chase, M&T

Citibank RIT, U of R, Strong Hospital, Wegman’s

Web Link Quiz

Where Do You Belong in Financial Services?– Source: www.WetFeet.com

www.wetfeet.com/asp/article.asp?aid=231&atype=Financial_Services