Career Guidance Handbook 2014
Occupational category – 6: Finance, budget and Taxation
These include careers in commerce and industry such as market, insurance, finance, investment, banking, entrepreneurship among others. It involves planning, services for financial and investment planning, banking, insurance, and business financial management.
This Career cluster includes those career opportunities that relate to making strategic decisions to grow financial assets of businesses and individuals, and to budget and manage taxes. It includes accounting, banking, insurance, investment and securities management.
This cluster requires individuals who have strong computation, analytical and interpersonal skills. The career pathways here includes: Accounting, Banking Services, Taxation Management, Business Finance, Insurance and Securities and Investments.
Accounting encompasses careers that record, classify, summarize, analyze and communicate a business's financial information and transactions for use in management decision making. Accounting includes such activities as bookkeeping, systems design, analysts and interpretation of accounting information. Sample occupations include accountant, accounting clerk, auditor, bookkeeper, cost analyst, controller, financial planner, tax accountant, tax preparer and management accountant.
The Banking service is primarily concerned with accepting deposits, lending funds and extending credit.
The pathway includes cash management, short-term investments, mortgages and other loans, credit cards and bill payment.
Banking services are delivered via a number of different institutions, from commercial banks (the largest group) and other like microfinance companies (savings and loans associations, credit unions and local banks) to newer ventures through insurance companies, brokerage houses and the Internet.
Sample career opportunities include financial manager, loan officer or counselor, credit analyst, trust officer, mortgage broker, branch manager, personal financial advisor, relationship manager or customer care service manager and financial planner.
The Business Finance function in a company is to manage policy and strategy for (and the implementation of capital) structure, budgeting, acquisition and investment, financial modeling and planning, funding, dividends and taxation. Career opportunities include credit analyst, capital budgeting specialist, capital expenditure manager, financial analyst, project analyst, project finance manager, treasurer, cash manager and foreign exchange manager.
The Insurance industry, which exists to 'protect individuals and businesses from financial losses, delivers "products" that transfer risk from an individual or business to an insurance company. Sample career opportunities in Insurance include insurance agent, insurance broker, claim adjuster, compliance specialist, special investigator, underwriter, benefits consultant, producer, loss control manager, product manager, branch manager and financial planner.
The Securities and Investments industry consists of brokerage firms, investment banks and stock exchanges, all of which support the flow of funds from investors to companies and institutions. Related services include financial planning, asset management, hedge fund management and custody services.
Sample career opportunities include securities sales agent (broker), financial consultant, investment banker, mutual fund manager, financial analyst, trader, real estate developer and financial planner.
Uganda's tax body, Uganda Revenue Authority (URA) has set in place mechanisms for proper tax management. This is offering many opportunities for young graduates, as companies need tax consultants, etc. There is also booming demand for insurance, as people are beginning to realise the benefits of taking insurance policies. The same applies to the banking sector, including investments in security bonds, shares, etc.
Appropriate Combinations at 'A' Level:
PCM/ART, PEM/ ART, MEG/ ART, PCB/M, PEM/ENT, MEG/ENT plus GP.
Subjects at “O” Level
All science subjects plus Commerce, Accounts & Entrepreneurship
Courses and Career Development Prospects
This Career cluster includes those career opportunities that relate to making strategic decisions to grow financial assets of businesses and individuals, and to budget and manage taxes. It includes accounting, banking, insurance, investment and securities management.
This cluster requires individuals who have strong computation, analytical and interpersonal skills. The career pathways here includes: Accounting, Banking Services, Taxation Management, Business Finance, Insurance and Securities and Investments.
Accounting encompasses careers that record, classify, summarize, analyze and communicate a business's financial information and transactions for use in management decision making. Accounting includes such activities as bookkeeping, systems design, analysts and interpretation of accounting information. Sample occupations include accountant, accounting clerk, auditor, bookkeeper, cost analyst, controller, financial planner, tax accountant, tax preparer and management accountant.
The Banking service is primarily concerned with accepting deposits, lending funds and extending credit.
The pathway includes cash management, short-term investments, mortgages and other loans, credit cards and bill payment.
Banking services are delivered via a number of different institutions, from commercial banks (the largest group) and other like microfinance companies (savings and loans associations, credit unions and local banks) to newer ventures through insurance companies, brokerage houses and the Internet.
Sample career opportunities include financial manager, loan officer or counselor, credit analyst, trust officer, mortgage broker, branch manager, personal financial advisor, relationship manager or customer care service manager and financial planner.
The Business Finance function in a company is to manage policy and strategy for (and the implementation of capital) structure, budgeting, acquisition and investment, financial modeling and planning, funding, dividends and taxation. Career opportunities include credit analyst, capital budgeting specialist, capital expenditure manager, financial analyst, project analyst, project finance manager, treasurer, cash manager and foreign exchange manager.
The Insurance industry, which exists to 'protect individuals and businesses from financial losses, delivers "products" that transfer risk from an individual or business to an insurance company. Sample career opportunities in Insurance include insurance agent, insurance broker, claim adjuster, compliance specialist, special investigator, underwriter, benefits consultant, producer, loss control manager, product manager, branch manager and financial planner.
The Securities and Investments industry consists of brokerage firms, investment banks and stock exchanges, all of which support the flow of funds from investors to companies and institutions. Related services include financial planning, asset management, hedge fund management and custody services.
Sample career opportunities include securities sales agent (broker), financial consultant, investment banker, mutual fund manager, financial analyst, trader, real estate developer and financial planner.
Uganda's tax body, Uganda Revenue Authority (URA) has set in place mechanisms for proper tax management. This is offering many opportunities for young graduates, as companies need tax consultants, etc. There is also booming demand for insurance, as people are beginning to realise the benefits of taking insurance policies. The same applies to the banking sector, including investments in security bonds, shares, etc.
Appropriate Combinations at 'A' Level:
PCM/ART, PEM/ ART, MEG/ ART, PCB/M, PEM/ENT, MEG/ENT plus GP.
Subjects at “O” Level
All science subjects plus Commerce, Accounts & Entrepreneurship
Courses and Career Development Prospects
- Quantitative Economics
- Statistics
- Business Studies
- Business Statistics
- BA. Economics
- Computer Science
- B. Commerce
- Business Computing
- Procurement
- Business Administration
- Micro-Finance
- Actuarial Science
- ACCA
- CPA
- ACP
- CIMA
For Secondary Schools