Brandy Said:

What careers in finance would be benefitted by a legal education?

We Answered:

Please be aware of what you are proposing on getting yourself into. Please do more research first.

Reminder: We are in a World-wide Recession.

Warning> Jobs in the field of Law are drying up fast!! This is just not a good field to invest time and/or money into. This is a SHRINKING vocational field. Many reasons. Many people today (mistakenly) think they can do their own legal work, thanks to the Internet. Also, we simply already have way too many Legal Professionals - we have an absolute glut!! ("Legal Professionals" includes, but is not limited to: Attorneys/Lawyers, Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc)

Regarding being a Paralegal: Employers (usually law firms) in the field of Law today want employees with Bachelors degrees from traditional colleges/universities. Those "certificates" you see advertised aren't worth the paper they are printed on - they are generally scams. (I found this out the hard way.)

Cost of law school to be lawyer, approx $150,000+.
Be prepared to take on a lot of debt.

Even if you finish law school, you won't be able to find a job when you are done. Since this vocational field is shrinking, many new attorneys/lawyers are, themselves, having to work "down" as Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc, to simply try to keep some of their bills paid <<this would be your competition. And the competition is fierce!!

Now... the law schools know this, but they won't tell you the truth >that the job market/economy is just saturated with way too many Legal Professionals. Instead the schools will feed you a fairytale and will lie to you. The root of the problem is we have too many law schools. We are in a recession, and the schools are fighting for their own survival - they will tell students anything to get to the students' money. (Which is why they won't tell you the truth about the job market for the field of Law.) And these schools continue to recruit and churn out even more graduates.............

If you don't believe me, then just do a search here on Yahoo Answers to see what other posters are saying about the current status of the field of Law. Call some local law firms - ask to speak to the Manager of Human Resources - ask them if they are hiring; ask them what they think about job availability in the field of Law..................

In the book "So You Want to be a Lawyer?" by Marianne Calabrese and Susanne Calabrese (ISBN 0-88391-136-1): "The United States has more lawyers than any other country in the world. About 38,000 students graduate >each year< from the 200+ law schools in the United States. The competition is very keen for jobs and clients." - Even Associate Justice Antonin Scalia (who served on the U.s. Supreme Court for more than 20 years) says there are too many lawyers. (9/14/2008)

Check out these websites: http://informeddecisionmaking.blogspot.c…
http://calicocat.com/2004/08/law-school-…
http://abajournal.com/news/triplt_bad_ne…
http://abajournal.com/news/as_rio_tinto_…
(A link to a website does not constitute endorsement.)

If you want a job when you are done with your studies, consider and look into the field of >>>Healthcare! I spoke to a career counselor from Jobs and Family Services, and HE told me that this is where the jobs are, and future job availability! and scholarships!

Good luck.



(This is based on my current knowledge, information, and belief. This was intended as personal opinion, and not intended to be used as legal advice. Please be careful and do your research.)

Ernest Said:

Is CFA suitable for corporate finance careers in a manufacturing or trading company ? or is it useful only to?

We Answered:

A CFA is really more geared toward investment analysis and asset management. It may be somewhat helpful in the corporate finance function of a non-investment company, but only in the sense that it will help understanding what makes your company more attractive to investors.

Unless your company is very active in raising money through the capital markets (publicly traded company issuing new shares of stock on a regular basis). I would say that a CFA is an overkill.

It's a great distinction to have in general, but I don't think the skillset is that applicable here — especially given the large time commitment in order to study for the exam.

Ivan Said:

What careers in finance/banking have the highest salaries?

We Answered:

This industry is hurting right now and since folks want to work employers are taking advantage of that and offering much less salaries than let's say a year ago.
Sales positions are making big money right now within the banking industry.

Ivan Said:

what are some of the highest paying careers in finance and investment?

We Answered:

Run a ponzi scheme .

Clifford Said:

What are some of the highest paying careers in finance and investment?

We Answered:

An investment banker. They make fortunes telling people how to invest. You would need a degree in accounting or economics but the main thing is you have to find enough investors for yourself. They don't just give you people you go out and find them yourselves. There's also CEOs of course or upper management in general but everyone has to start somewhere and investment bankers start higher than everyone else.

Nellie Said:

What will happen to careers in finance?

We Answered:

I work for a financing company where we don't check credit and give out cash loans and finance furniture and other items for people and our numbers are skyrocketing. It may be because we don't check credit nor do we report to the credit bureau, though it may also be because the economy is really bad and people are turning anywhere they can to get money. All I can say is business is good