Trends in Finance 2016

Top 4 Trends in Finance in 2016

Finance is a growing industry with a lot to offer students who graduate with a degree in the area.

However, the industry is always changing in many different ways. Here are several different trends in finance in 2016 that students need to know about.

Personalized Care There has been a lot of talk about how robots will start to take over as financial advisers.

Although this may eventually happen, there is actually a trend back the other direction. More people than ever before want to interact with an actual person when going over their finances.

Many customers are tired of dealing with large companies that have outsourced their customer service staff. This is an important trend to consider as you enter the world of finance.

Complex Economics

For many years, there was a general consensus on ways in which the economy could be made stronger. However, since the Great Recession there has been a lot of talk on how nations around the world can improve their economic position. There seems to more debate than ever before on this subject. There are some people who still believe in the model of tax cuts for people and companies alike. Other people believe that the government should be more involved with helping people get off their feet. As you are entering the field of finance, be prepared to have these types of discussions for many years.

Long Term Investing Many companies are starting to borrow money at record low interest rates in order to make long term investments. The thought process behind this is simply that companies can borrow money so cheaply that now is a great time to make long term investments in their future. Many people who work in finance must calculate borrowing costs in the short term and long term. This is important for anyone to consider when entering the field.

Tax Loopholes Many companies are interested in reducing their overall tax burden. However, many politicians have called for an end to companies who operate overseas in an attempt to dodge taxes. Anyone who is working for a large company in the finance department will certainly hear a lot about the overall tax strategy of the company. This is an important consideration for anyone who is wanting to make a quick impact on the company they are working for.

Jonah Engler is a financial expert from NYC.