Careers in Finance
SPENDING YOUR TIME IN ECONOMICS
Are you curious about how the economy functions? What information do you need to know to get a career in economics? Blackburn High School offers a range of finance, economic and business-related electives to help you gain more knowledge and strive to achieve a career in this category. One of the electives offered to students in Year 10 is ‘Money, Money, Money.’ This subject consists of learning about the sharemarket game, the risks in investing, ethics in business, influences on the economy, fluctuation, supply and demand as well as more. We got the chance to interview a ‘Money, Money, Money’ class that was currently learning about corporate social responsibility (CSR) as well as stakeholders in business and managed to receive some information about the subject.
Ms Kodak, a first time ‘Money, Money, Money’ teacher, recommends this subject to future year 10 students as “it is a relevant subject”, with fresh news every week, the class can see what they are learning about in the real world. Previously, Ms Kodak was a Business Management teacher, therefore, having helpful prior knowledge about the topic, and is able to give students advice on economic careers and VCE. Ms Kodak’s reasoning behind promoting careers in economics is that “being able to analyse and know how the economy works” is a useful skill to obtain and can further assist the community. Another reason which usually draws attention to the subject is because generally “it makes good money” which is not the motivation that is used to promote these careers, as students should be influenced by their interest and enjoyment.
We decided to interview some of the students in the Year 10 elective and were given various responses. Melba House student Jess, finds the subject “interesting” because it teaches her “how to be smart with money.” She commented that she would “consider a career in finance.” Zach, another student in this elective, recommended this subject to future year 10 students because “you don’t learn about this sort of stuff in junior year levels.” Andrew, another student in year 10, shared that he really “enjoys learning about shares” and he is considering doing “business management and accounting” as some of his finance-related VCE subjects. A separate group of students stated how they enjoyed “learning about taxes” because it was interesting, helpful and educational to them.
Other electives that are available for students at Blackburn High School which are similar to ‘Money, Money, Money’ include Business Management (VCE), Economics (VCE), Accounting (VCE) and Mathematics (VCE). These electives can help get you into successful careers such as:
An economist who observes economic trends around the globe and researchers economic factors
A Market Research Analyst is someone who gathers information and uses economic experience to identify how a product or service will sell
An Accountant is someone who manages and reports financial information
A Statistician is someone that uses statistical methods and models for real-world problems
Generally, individuals would consider a career in finance because it pays well, or because it is a somewhat stable job, with many openings. However, there are more reasons to pursue a career in finance such as the ability to gain a holistic understanding of how the economy impacts you and your daily life, especially during unprecedented times during a pandemic and a war. A career in finance gives you the ability to help work out a financial plan for individuals, companies or even the government. Finance is a sector with various job opportunities in various areas of the public sector, and you could be a part of it too!
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