2 answers
Kiera
Student
Cordova
8
Questions
Asked
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Is there a way that I can be taught to become a financial risk advisor?
I’m currently in my third year as a economics major but before that I was a computer science major. I switch it because it wasn’t for me. So now I decided that I want to become a financial risk advisor and I wanted to know can a person teach you how to become one after you graduate from college and I plan on working in Wisconsin. #aftercollege
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2 answers
Juan J Freile
International Corporate Treasury
2
Answers
Edgewater, New Jersey
Updated
Juan J’s Answer
An option worth pursuing is looking into the programs that Accounting and Consulting firms have in their Financial Risk Advisory groups. the big four accounting firms have undergraduate programs and provide excellent training. As a consultant it is possible to live in WI but travel to where the clients are during the engagements. You could consider adding some accounting courses in your final year and learn about practicing solving case problems to be prepared for their case-based interviews.
These programs give you a foothold into Risk Management which allows you the opportunity to learn about the various areas that you can later focus your career on, such as learning to manage risks arising from commodities, FX, interest rates, credit, and the tools available to manage those risks (options and other derivatives for example). Statistics is another key subject to learn about correlation, standard deviation (a key measure of risk), Value-at-Risk, etc. to complement your Economics major.
Approach alumni in big four accounting firms to learn about their experiences in applying as well as their career experience
Take accounting and statistics courses
Take an intro Corporate Finance course since they include Risk Management in curriculum
These programs give you a foothold into Risk Management which allows you the opportunity to learn about the various areas that you can later focus your career on, such as learning to manage risks arising from commodities, FX, interest rates, credit, and the tools available to manage those risks (options and other derivatives for example). Statistics is another key subject to learn about correlation, standard deviation (a key measure of risk), Value-at-Risk, etc. to complement your Economics major.
Juan J recommends the following next steps:
Thomas Sutherland
Associate Continuity and Recovery Specialist, CBCP
207
Answers
Detroit, Michigan
Updated
Thomas’s Answer
Hi Kiera,
Yes, you can absolutely be taught to become a financial risk advisor. With your background in economics and computer science, you are a great fit for a career as a financial analyst. You might also consider getting a risk based certification such as Financial Risk Manager (FRM) (https://www.garp.org/#!/frm). This one requires a few years of experience, but there are other entry level certifications that will help you to demonstrate your knowledge and skills to future employers.
Yes, you can absolutely be taught to become a financial risk advisor. With your background in economics and computer science, you are a great fit for a career as a financial analyst. You might also consider getting a risk based certification such as Financial Risk Manager (FRM) (https://www.garp.org/#!/frm). This one requires a few years of experience, but there are other entry level certifications that will help you to demonstrate your knowledge and skills to future employers.