Date :05 Mar, 2018

Posted By:Admin


Although a common field, yet Finance is quite a vast field. So are its career options.


There are many paths in academics following which one can become part of finance industry. Students can pursue graduation and post-graduation in finance related disciplines like accounts, commerce, business, economics, statistics etc. and further start work in finance and investment sector. Another option is to obtain technical professional qualification in finance like MBA Finance, CFA Certification, CFP, CIMA, ACCA to be part of Accounts&Finance industry. Entry into finance field is open to both commerce and non-commerce stream students.

Finance as a career option is a very wide term. In a survey by an education portal, it was pointed out that over 80 per cent students took finance purely because they felt that it paid the most. That shows one thing: mostly students and job-seekers find who opt for this specialisation do not know what they are getting into.

Let us understand these options:


VENTURE CAPITAL MANAGEMENT :Venture capital investments generally are high – risk, but offer the potential for very high returns. A highly competitive, challenging, and highly rewarding  field, a career as a Venture Capitalist ( VC) requires a background in business, finance and economics, Flipkart, Redbus, Common Floor, Zomato are all venture funded companies.


PRIVATE EQUITY : The role of private equity is to raise funds from large investors and invest the money directly into businesses. The usual manner is to raise money from overseas investors and then find businesses in the growth stage. Most private equity funds ‘exit’ the investment after a period of time by selling their holding in the business to some other investors or doing an initial public offering of the shares of the business. 


CORPORATE FINANCE: A career in corporate finance means you would work for a company to help it find money to run the business, grow the business, make acquisitions, plan for its financial future and manage any cash on hand. You might work for a large multinational company or a smaller player with high growth prospects.


TREASURER:responsible for raising capital, financial planning, cash and asset management. Impeccable analytical abilities as well as management and motivation skills are essential in this upper level administrative position.


CREDIT MANAGER:Responsibilities consist of establishing rules for credit collection as well as for the securitisation of receivables. Must be able to analyse accounting data and know a lot about their customers.


INVESTOR RELATIONS OFFICER: Responsible for publishing corporate financial information and events through press releases, coordinating with investors and replying to investor inquiries. You are in close contact with top management officials and demands you understand both finance as well as public relations.


CONTROLLER:Responsibilities include accounting, cost analysis, financial planning and reporting, creating costing systems, transfer pricing issues. CA/Cost Accountant with extensive experience in the field. For this function candidates need to prepare themselves academically with at least a bachelor’s degree in accounting, finance, economics, or business administration. In an increasingly competitive market, a master’s degree— especially in business administration, economics, or risk management—is increasingly important. Employers value the analytical skills and the training in the latest financial methods and technology that these degrees provide their employees.


WEALTH MANAGEMENT :Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. High net worth individuals, small business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resource, tax professionals and investment management. Wealth Management can be provided by banks, brokerages, independent financial advisers or multi-licensed portfolio managers whose  services are designed to focus on high net worth customers.


TREASURY MANAGEMENT :Management of cash, fund, currency, bank and financial risk. In this case, finance manager check the cash inflow and outflow. He makes the list of all receivable amount which will increase treasure house of company. He also tracks the dates in which he has to receive the fund from debtors. Under this management, he estimates all financial risk for investment of cash.


CORPORATE BANKING : This role entails the entire plethora of banking services required by corporates. Corporate can be divided into largely two sections large corporate and MSME which is medium and small enterprises. A corporate banker would thus have companies as his clients and service them. 


INVESTMENT BANKING: It comprises two major businesses. One is the advisory/ corporate finance role which entails mergers and acquisitions. This would entail understanding valuations, finding targets, negotiation and compliance with legal regulations. The second role is what is more popularly called equity capital markets role. This entails helping corporates raise funds from investors or the public. So it may entail working on IPOs or Institutional Offerings.


FUND MANAGEMENT:As a fund manager, one is an important decision-maker typically at a mutual fund. The fund manager has a good overall understanding of the macro factors which affect the markets as well as the micro factors about which company to invest in. He invests money in stock market, debt market, directly into companies, etc depending upon his fund mandate.


EQUITY RESEARCH& SALES: The role of equity research is to find out the correct value of the stock which is trading on the stock exchange doing various types of research namely fundamental and technical analysis. There are two types of ERs though. One is the sell-side research which belongs to a brokerage, the aim is to do research and sell investment ideas to investors so as to earn commission on trading by the investor. The second is buy-side research, which is a part of usually a buy side fund like a mutual fund. They analyse the research results of various brokerages in addition to their own research on investment ideas for the fund manager.This role entails arranging for long-term finance for infrastructure and industrial projects which will take a long time to pay back.


FINANCIAL RISK MANAGEMENT:Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. Similar to general risk management, financial risk management requires identifying its sources, measuring it, and plans to address them. Financial risk management can be qualitative and quantitative. As a specialisation of risk management, financial risk management focuses on when and how to hedge using financial instruments to manage costly exposures to risk.


RETAIL BANKING:Also known as consumer banking, it entails dealing with products / services for individual customers. So, the scope encompasses getting business for products such as credit cards, savings accounts, personal loans and auto loans. Operational roles would entail teller, authorising, clearing, remittances and customer service.


HEDGE FUNDS:Hedge funds are largely unregulated private investment funds whose managers can buy or sell a wide array of assets and financial products. Because of the mystery that surrounds this type of entity, hedge fund jobs are also considered by many to be somewhat glamorous. Typical hedge fund jobs include: a) Financial analyst b)  Trader c) Regulatory compliance officer d) Quantitative analyst e) Marketing manager f) Portfolio manager 


FINTECH:The fintech industry is one of the latest to emerge within this broader list of financial institutions. Fintech companies utilize technological advancements in their operations and business efforts. The industry is quite broad, and may include companies focused on digital currencies and blockchain technology, to mobile payment systems, to new and alternative modes of investing, and more.Beside the MBA in Finance, one can purses courses like CA, CFA,CFP, CIMA, ICWA, Association of Chartered Certified Accountants (ACCA) as viable career options.


FINANCIAL PLANNER: A Financial Planner is a person who helps individuals and companies in budget and finance planning. Major work areas include cash flow management, education planning, investment plan, tax planning, insurance planning, estate planning, retirement planning etc. The minimum educational qualification to start work as financial planner is MBA in Finance or equivalent. 

RISK MANAGEMENT AND INSURANCE PLANNING: A person who works in this capacity is called Risk and Insurance Manager. The minimum educational qualification to be a risk manager is certificate in actuarial science or a degree in business finance. 

CHARTERED ACCOUNTANT: These are professionals who provide valuable information about financial records of a company. A chartered account is called ‘watch dog’ of a company who always tries best to save the organization from possible financial hazards if crisis occurs. These professionals also helps in financial and budget and taxation planning in a great way. To start career as chartered accountant in India one needs qualification from Institute of Chartered Accountant of India (ICAI). The institute offers course Chartered Accountancy (CA) to under graduate and graduate students. CA is professional qualification as well as post graduate qualification. 

COST & WORK ACCOUNTANT: These professionals are specialists in production management, service management, budgeting and financial decision making. To be a cost account in India needs certification from Institute of Cost and Work Accountants of India. CWA qualification is offered by the institute. 

STOCK BROKER: A stock broker is a certified professional who buys and sells shares on behalf of investors. To be a stock broker needs sound understanding of money, market and finance. A stock broker gets work opportunities with brokerage firms. 

COMPANY SECRETARY: Company secretary deals with company laws. To be a company secretary needs certificate in Company Secretary from Institute of Company Secretaries of India (ICSI). 

CHARTERED FINANCIAL ANALYST (CFA): A Chartered Financial Analyst (CFA) is a professional designation given by the CFA Institute, that measures the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas such as accounting, economics, ethics, money management and security analysis. The program covers a broad range of topics relating to investment managementfinancial analysisstocksbonds and derivatives, and provides a generalist knowledge of other areas of finance.


CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS  : The Chartered Institute of Management Accountants (CIMA) is a UK based professional body offering training and qualification in management accountancy and related subjects. It is focused on accountants working in industry and provides ongoing support and training for members.CIMA is one of the professional associations for accountants in the UK and Ireland. Its particular emphasis is on developing the management accounting profession.


COMMODITY TRADING : Commodities Trading is a global phenomenon and offers tremendous potential to market participants for both profit taking on small price corrections as well as to hedgers looking at managing price risk on account of price fluctuations. The Exchange offers a certification course, MCX CERTIFIED Commodity Professional (MCCP), for professionals who want to pursue a career in Commodity derivatives markets. It is designed with necessary information and inputs so as to enable the participants to get well versed with the modalities of the commodity markets in India. Certification as "MCX Certified Commodity Professional" is given on passing.


INSURANCE :  Apart from career opportunities available with insurance companies employment avenues are also open in corporate sector, stock broking firms, finance companies, shipping companies etc. With private participation in insurance sector the number of employment opportunities have gone up.


ACTUARIAL SCIENCE: An actuary holds one of the most important position in an insurance business. He is involved in solving wide range of financial problems related with insurance investments, financial planning and management. Graduates in maths or statistics are suited for this kind of a job because the work is based on mathematical and statistical skills. In the coming times it will definitely make one of the highly paid career option in the insurance sector.


UNDERWRITING:The life and non-life insurance segments require professional underwriters. Underwriters assess the risk in the business and takes care of risk management.



Premier Institutes providing Degrees in Finance

·         MBA (Finance) from Top Institutes like IIM-Ahmadabad, Bangalore, Calcutta etc.

·         National Institute of Financial Management, Faridabad (Regulated by Ministry of Finance, Govt. of India)

·          Institute of Insurance and Risk Management, Hyderabad

·         National Institute of Bank Management, Pune

·         National Institute of Securities Market (Regulated by SEBI)

·         BSE Institute Ltd. (Bombay Stock Exchange) –Mumbai

·         The Institute of Company Secretaries of India

·         The Institute of Chartered Accountants of India

·         The Institute of Cost Accountants of India

·         Institute Of Actuaries Of India


Other top Institutes providing Degrees in Finance


·         Delhi University (Department Of Finance & Control)

·         Christ University, Bangalore (MBA in Finance)

·         Symbiosis School of Banking & Finance 

·         Lal Bahadur Shastri Institute of Management, Delhi

·         International Management Institute, Delhi

·         NNIMS, Mumbai

·         Welinkar Institute of Management, Mumbai

·         TAP Management Institute, Manipal  

·         Xavier Institute of Social Science, Ranchi