Getting a degree in finance is not enough to land you a job in public sector. The financial realm is a highly competitive sector having many diverse sub sectors. A public finance sector belongs to the state authorities and its doors are open to only a select few who pass the rigorous tests. An economics or a finance degree does not carry the same weight as it once did. Public sector, thus, seeks very highly qualified professionals who can handle the stress related to the public affairs.
Recent finance graduates who wish to break into the public sector can work with various government agencies including the ones responsible for crafting the national budget. Some other authorities are the taxation department, finance ministry, government owned banks and any government organization having an accounts department. Thought, the budget creation holds an interesting job portfolio. The annual budget involves billions of dollars distributed throughout hundreds of projects or programs. Each dollar distributed needs to be accounted for at all times to avoid any charges of accounting scam or mismatch. The financial graduates to wish to serve their country can start by finding an internship program through a centralized test or a government agency offering internship.
If you haven't thought about a career in finance especially in the public sector, then it is time you rethink your options. Public sector offers a lot of different kinds of finance as well as accounting jobs. Working in public sector doesn't mean that you’ll end up on a desk in a stock exchange. You can also work with an international public sector bank or even with many large public company or organization. You have extreme chances of growth while working with a public sector bank because finance sector will rebound just as the rest of the economy will.
Finance in public sector involves managerial as well as accounting jobs. It is seen that some students train specifically for public sector finance jobs. They realize the potential of public sector opportunities even before their schooling is complete. Besides good pay check, public sector offers great socializing with big political leaders and social figures. Also, perks such a travel expenses, government vehicles, permanent position and command in authority attract many youngsters towards public sector.
Financial arena in public sector promises a diverse and interesting career. It’s up to the student whether he wishes to sit in the stock exchange or rise up high in the ranks.