Carving out a long-term career strategy in the Finance Industry is not as easy as it is entering it. The finance industry is a world by itself and offers a number of options. Merely deciding to make a career in finance is not enough, zeroing in on the job profile is equally important.
In this article you’ll come across 8 career opportunities which can help you to make Rs 12,00,000 /- per annum.
So which job is best suited for you? Here is the help you need to begin making this critical decision.
Most people who enter the finance industry don’t end their careers in the same position in which they begin. They use the knowledge and experience they gain in their earlier jobs to better their positions and fit their interests. Where you end up depends on your preparedness and your willingness to explore different career paths. Most of the applicants settle for other options like financial sales or back office roles
It is essential to be aware of various career opportunities in Finance to make the right choice. Here are some career paths in finance that will help you make it big in the field of finance.
Corporate Finance
A career in corporate finance includes jobs like financial analyst, cost analyst, treasurer or a business development profile. Opportunities in corporate finance are available in all sizes of organisation.
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Investment Banking
As an investment banker, you will be dealing with investors for the purchase of securities, providing financial advice to corporations and HNIs, issuing of corporate securities etc. Click Here
Commercial Banking
Commercial banks serve large organisations, small companies and even the general public and therefore it provides many opportunities. Some of the standard job roles in commercial banks are Loan Officer, Branch Manager, Bank Teller, Programmer and Trust Officer.
Project Finance
Project finance helps organisations in forecasting and structuring the project finance deals while mitigating the risks that are associated with the project.
Risk Management
This is about the accurate forecasting and evaluation of financial risks along with the identification of steps to avoid or minimize their negative impact.
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Private Equity
As a Private Equity analyst you will manage investments funds or portfolio of private companies: perform due diligence, financial modeling and valuation of the companies where investors are willing to invest.
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Equity Research
As an Equity Research Analyst, you will be advising clients about which companies are best for investment.
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Financial Advisor, Portfolio Management
They advise you about you investment draft plans looking at the current market scenario, use all the technicalities to make sure the clients investment flourish
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The Dilemma of Work Experience vs. Education
Degree or Work
Earlier it wasn’t uncommon for individuals in the financial industry to come from varied backgrounds. However, employers in the Banking and Finance sector are demanding relevant education and experience. Banking as a sector itself has developed into a specialty and thus requires a domain specific approach. No corporate will be willing to hire for a responsibility oriented role without applicants experience to justify the same.
While there are cases in which a diploma from a reputed institute will be an advantage, employers today are becoming more focused on grade point average, as well as any practical experience you’ve had in the field.
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Moving Up the Ranks
In some jobs, the experience is a significant consideration in rising up the ranks. But typically only the most aggressive employees advance. This means that knowledge counts and of course you must be diligent. This also means putting in long hours and extra work to make sure your projects are a cut above.
The Bottom Line
Irrespective of the financial role you choose, there are some commonalities; financial careers have high barriers to entry, centralized in major financial centers, provide tough working environments and involves working and competing with highly motivated individuals to rise-up the ranks.
The process is mentally trying and time-consuming. And only the highly prepared candidates will display sustained motivation to succeed.
And that’s where the role of premium Institutes like Mudrabiz Stock Broking Institute of Banking and Finance comes into play. Mudrabiz has a market reputation of more than 7 years + & has an Industry Ready Curriculum, and their courses have practical applications that give you experiential learning, with students virtually trading for a portfolio management competition that develops their financial acumen and gives them the confidence of decision making. With just their recognition you will find yourself the best suited Finance Career.