Five Professional Organizations for the Finance Industry
- American Finance Association
- International Federation of Accountants
- Entrepreneurs’ Organization
- Professional Accounting Society of America
- Association for Finance Professionals
The world of finance is a growing industry. In fact, the US Bureau of Labor Statistics estimates that jobs in this field will increase by seven percent by 2028. This growth means the field will become more competitive and finance professionals will have to consider new ways of networking and growing their careers.
Professional associations are a great way to gain a competitive edge. Most associations offer opportunities to:
- learn
- meet new people
- stay up to speed with industry trends
The finance industry offers a wealth of professional associations. Here are a few of the most popular and accessible options:
1. The American Finance Association (AFA)
The American Finance Association was established in 1939 in Philadelphia. The organization is dedicated to the study of financial economics. It works hard to encourage the study of financial economics at college and university levels. The Association is also responsible for the publication of the Journal of Finance which houses recent and relevant research regarding finance and economics.
2. International Federation of Accountants (IFAC)
This association was designed specifically for those in the accounting industry but is extremely relevant for anyone involved in the financial sector. The Association has over 175 member organizations in over 130 countries and sets the standards for international accounting principles. Member organizations must undergo a rigorous application process, and those in the finance and accounting world should definitely work with their employer to consider joining this prestigious association.
3. Entrepreneurs’ Organization (EO)
Many players in the finance industry will eventually seek to open their own practice or begin a consulting venture after years in the field. The Entrepreneurs’ Organization is a great outlet for entrepreneurs to gain peer-to-peer interaction and learn some solid business practices. The organization has over 160 chapters in 50 countries and offers unmatched learning and mentor opportunities.
4. The Professional Accounting Society of America (PASA)
This savvy organization is designed and structured to assist entry-level and mid-level accountants. The association is dedicated to helping newer professionals navigate some of the business’s toughest challenges. The organization facilitates networking and learning initiatives. Its goal is to increase the quality and consistency with which newer accountants and financiers practice in the field.
5. The Association for Finance Professionals (AFP)
This organization is committed to driving excellence in finance. It administers certificates and credentials that represent the highest level of excellence and ethics in finance. The organization trains members on the certification process for the Certified Treasury Professional as well as Certified Corporate FP&A Professional credentials. The organization also plans and hosts one of the largest finance conferences in the country. In addition, the organization offers a wealth of career development resources as well as networking and mentorship opportunities.
These are just a few of the many outstanding associations for professionals seeking to advance their careers in the finance industry. Joining one of these well-established associations will ensure you are keeping up with industry trends. It will give you the opportunity to engage with some of the best in the business. If you are looking to take the next step in your career, consider one of these growing professional associations today.
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