Finance, FRM

Financial career

Why Career in Finance?

Well, isn’t finance all about turning tables? The unpredictable for many can become predictable for one when one learns the art of Finance. The numbers, charts, patterns, and theories that have the potential to make or break the economies of the world are what a career in finance is all about. So, are you ready to take it on? Let’s clear out the air about what finance is. Broadly speaking, finance is all about studying the management of money and how one can acquire and multiply it. It oversees the deployment and management of funds, credit, investments, banking, liabilities, and assets. Finance is a vast subject, theoretically and practically, for an individual to be well versed in the subject. Following are some of the subjects that one should be well aware of broadly if they plan to make a career in finance. It takes a lot of knowledge, both academically and practically, to be well-versed in finance. The topics listed below are a few that anyone interested in a career in finance should be well-versed in.

Subjects in Finance

Similar to the study of power is finance. the capacity to absorb, understand, and apply the concepts of mathematics such that money is never an issue. The basic goal of any profession in finance will stay the same: maximising return on invested capital. If you want to pursue a career in finance, you will have the choice to take on several roles that may deal with money generation either directly or indirectly.

The foundational and advanced topics in finance are as follows:

Basic Subjects Advanced Subjects
Fundamentals of Marketing Managerial Accounting Practices
Introduction to Project Management International Business Communications
Personal Finance Concepts Statistics: Data-Driven Decision Making
Accounting I Introduction to Corporate Finance
Macroeconomics Managing Human Resources
Microeconomics Organisational Change
Introduction to Business Law The Legal and Ethical Environment of Business
Management Fundamentals Business Strategy
Introductory Human Resource Management E-Business
Principles of Business Organisational Behavioural Principles
International Business Practices
Marketing and the Virtual Marketplace
Ethics: The hallmark of Leaders at All Levels

Course Fee in Finance

Minimum Fees Maximum Fees
Private Government Private Government
UG 4.31 K 19.64 Lakhs 78.21 K
PG 3.31 K 9.24 K 20.50 Lakhs 20.50 Lakhs
DOCTORAL 3.15 Lakhs 5.10 Lakhs
DIPLOMA 13.90 K 4.49 Lakhs

High-Paying Careers in Finance Industry

Today, positions in investment banking, risk management, investment management, commercial banking, equity research, and other specific interest areas in finance call for candidates with specialised knowledge and a certain skill set. It is now considerably harder to pick a profession in finance due to the tendency of continued emphasis on knowledge in particular functional areas of finance. In this article, we’ll make an effort to give a general overview of some of the most common financial job roles and what it takes to succeed in them.

Investment Banking

One of the best careers in finance is this one. For large institutional customers, investment bankers typically support the brokering of significant transactions, such as Mergers & Acquisitions (M&As), underwriters for equity or debt instruments to raise significant cash, and corporate restructuring, among other things. Because of the type of recognition given and incentives obtained in the form of big compensation packages and bonuses, it is one of the most popular career options in finance. It is a highly competitive field that demands strong confidence, outstanding bargaining abilities, and financial knowledge.

The majority of major investment banks favour hiring top MBAs who possess the required skill set. It is regarded as one of the worst options for work-life balance because it requires 75 to 100 hours of work per week. However, compensation and growth possibilities would be among the best if working for a major company in one of the financial centres, such as New York or London.

Asset Management

Asset managers assist in managing the wealth of institutional clients and High Net-Worth Individuals (HNIs). They construct and put into practice long-term investment plans to do the same, as well as uncover acceptable investment opportunities for their clients to assist them to realise their wealth development goals. As the need for qualified asset managers increases, benefits are among the finest in the sector, and work hours are significantly improved, enabling a healthy work-life balance. The best candidates for the position might be those who hold a CFA or CIMA (Certified Investment Management Analyst) designation.

Commercial Banking

Commercial banks, which fall under the category of this job in finance, provide a wide range of retail banking services to both individuals and businesses, including checking and savings accounts, the issuance of debit or credit cards as well as a line of credit, depending on the creditworthiness of the customer. Loan officer, trust officer, mortgage banker, bank teller, and branch manager are some of the most sought-after positions in the commercial banking industry. Different skill sets may often be needed depending on the nature of the given function. Commercial banking has strong growth potential and offers professionals in higher or more technical roles salary packages that are generally respectable. Most of the time, especially at public sector banks, work hours are among the best.

Equity Research

Equity research is one of the top occupations in finance. To determine the value of a particular investment, equity research entails a thorough investigation of equities, including financial modelling and valuation. An equities research analyst’s work aids both retail and institutional investors in making important investment decisions. This is one of the most coveted career paths in finance, and to perform duties as expected, one must have a high standard of ethics, a decent deal of patience, and in-depth understanding of financial ideas. The benefits are unquestionably some of the best, and the working conditions are suitable for a decent work-life balance.

Corporate Finance

The management of all financial activities within a corporation is the main focus of this job in finance. Compared to investment banking, this has a far broader reach and only covers a portion of corporate finance. It handles large capital raising through M&As as well as actively participating in all types of investment, capital management, and other decision-making processes that enable an organisation to grow strategically. Corporate finance specialists may have a wide range of job responsibilities, thus the necessary skill sets may also vary. Financial analyst, tax manager, treasurer, and chief financial officer (CFO) are a few positions that frequently become available. The designations CPA (Chartered Public Accountant) and CFA (Chartered Financial Analyst) may be beneficial for positions involving accounting and financial analysis, respectively.

Risk Management

This vocation in finance, which entails detecting and managing various types of financial risks, has become one of the primary areas of focus. A risk management specialist might be focusing on financial risk modelling, predictive financial analysis, or other technical components of financial risk management in addition to broad-based financial risk analysis across many scenarios. The pay is among the finest in the sector, and the working conditions are typically respectable. Two common financial risk management certificates that could be very useful to risk management professionals are FRM (Financial Risk Manager) and PRM (Professional Risk Manager).

Top Recruiters in Finance

Some of the Recruiters in this field are:

  • HDFC
  • Barclays
  • Morgan Stanley
  • HSBC
  • Lehman Brothers
  • BCG
  • Genpact
  • E&Y