A finance tutor is responsible for providing study assistance to people who want to learn more about financial concepts, methodologies, and equations. Despite the fact that the world of finance is vast, most finance tutors specialize in a specific financial niche. Basic accounting principles to more comprehensive financial analysis, including calculating net present values (NPV), internal rates of return (IRR), and earnings before interest and taxes (EBIT), to name a few.
For students and inexperienced newcomers, the financial industry contains a variety of concepts that can be extremely complex and confusing. As a result, it is critical for a finance tutor to be well-versed in a variety of financial specialties in order to best serve the student’s needs. A finance tutor will typically have a graduate degree, such as a master’s degree in business administration, or extensive financial industry experience. Many tutors will also have a variety of financial certifications, the most prestigious and well-known of which is the Chartered Financial Analyst (CFA) designation.
A financial tutor must keep up with any changes in the financial industry that may affect current financial principles in addition to providing study assistance to students. The methods by which financial data is organized, analyzed, and reported can change as rules and regulations change. To ensure that students are taught the most up-to-date financial concepts and practices, a finance tutor must be able to quickly adapt to changes in the industry.
A person who wants to work as a finance tutor can do so either as a sole proprietor or through a tutoring company. Working independently can be very lucrative for successful tutors, but the tutor would be responsible for additional business duties such as marketing and operations. This additional responsibility may be too much for a finance tutor who is just looking for a way to supplement their income; as a result, many tutors begin their careers by working for a tutoring company.
The financial industry’s technological advancements have fueled a demand for finance tutors. Finance tutors who are familiar with these new technologies now specialize in topics such as online stock trading and analysis, as well as quantitative programming. Furthermore, technological advancements in communication, such as online video chatting, have enabled a finance tutor to provide study assistance to students all over the world.