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Pursuing a master’s degree in translation can lead you to a fulfilling career in the growing and demanding field of financial translation. A career in this field offers multiple paths, depending on your skillset and what type of environment you prefer to work in. Someone who works in the finance industry could potentially combine multiple streams or types of translation styles into their career.

Companies in this industry are frequently looking for qualified translators and interpreters due to the needs of a more global workplace. The importance of having a degree in financial translation lies in the connection of cultures, societies, and humans globally. Earning an online M.A. in translation can offer you a pivotal career position in a growing industry.

With the capabilities that translation gives us, we can create more meaningful relationships with people of other cultures and languages. In an incredibly globalized economy, diverse companies, agencies, day-to-day services, and more are in need of both translators and interpreters in order to connect with people.

Employment for Financial Translation Services

Career options in translation include interpreting, language transcription, financial or business translation and more. Graduates with a financial translation degree have the opportunity to work in a variety of areas in translation. Often, people with the degree hold roles as financial or business translators specifically, working on financial materials that need translated into another language.

Financial services usually request assistance in the translation of financial statements such as credit reports, loans, mortgages and other contracts, along with financial document translation. Transcription or interpretation of corporate business meetings, conferences, training sessions, meetings and interviews can all be scenarios that require a financial translator or interpreter as well.

The following languages are expected to remain in high demand for business translation into the future:

• Spanish
• French
• Portuguese
• German
• Russian
• Chinese
• Arabic
• Japanese
• Korean
• Hindi

What Needs to Be Done Before Applying for a Financial Translation Position?

Prior to finding the right position in financial translation, you should determine your area of expertise, as well as choose a language track that you will be comfortable with.

Familiarizing yourself with financial documents and related materials is also key. Not only will you be expected to understand financial materials in your future role, but you’ll need to convey this information when engaging in financial document translation for your company or a client.

In the world of finance, things are always changing and there is always work to be done. As a financial translator, you may have the ability to work remotely in a location where financial translation services are more requested, such as large urban cities with more financial companies or banks that need more assistance.

Knowing that your job location can determine the amount of workload you have is important before determining a focus or settling on a location for your career. Someone who can translate either on-site or virtually (remote) is a helpful asset to a financial company engaging in global business practices.

Since data has shown that typically people prefer to use their native language when they are communicating online, spending money, and performing any other day-to-day tasks, financial translation services avoid misunderstood or misinterpreted language with qualified, outsourced translators who ensure messages are coming across naturally and effectively.

Start Your Career Journey at Kent State

Entering a career in financial translation is an incredibly rewarding opportunity for graduates. Helping people understand information can be very rewarding and a great way to make an impact at a financial institution. With a financial translation degree from Kent State, you will have a range of employment opportunities so you can go on to a fulfilling career of your choice.

This degree is able to be obtained through courses on site or online. 

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Request more information on either program to start your journey today!