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Career Options in Finance in India

5 Best Career Options in Finance in India
BBA

Career Options in Finance in India

Are you thinking of getting into the finance field? And looking for the best career options in finance in India before making any decision? 

Finance is a multifaceted sector that studies the activities related to banking, debit, credit, loan, capital markets, and several different aspects associated with finance.  

Finance could be a broad term and desires to be studied with concentration because it is a lot centred on Money Management. And assisting individuals to save, manage, and raise their cash is the main motive of a finance professional. 

The graduates notice employment within all the sectors where the organizations need to keep the stability of their finances. The doors to additional opportunities within the field of finance keep increasing as the scope of this course goes to be high within the returning years.  

Therefore, the scope and the demand for finance are very important as it helps in every aspect of our lives, be it individual, company, or government bodies. 

List of Careers in Finance 

1. Planning and Analysis in Finance 

Are you self-motivated and considered detail-oriented? A Strong Communicator? Want a career option in finance that is exciting and also gives you a stable workplace?  

A career in Financial Planning can be exciting if you like planning and organizing things. Make decisions that are financial, strategic, and operational. Also, introduce and create methods for saving and investments matching the client’s needs. 

Job Profiles: 

  • Financial Planning Analyst 
  • Financial Planning Senior Analyst 
  • Financial Planning and Analysis Manager 
  • Financial Planning and Analysis Director 

Skills Required: 

  • Strategic and Critical Thinking: Pay attention to detail.  
  • Communication Skills: Respond appropriately to clients.  
  • Tech-savvy: Knows different techniques. 
  • Always anticipating and evolving: Learn new aspects and know the trends. 
  • Accounting and Finance skills: Be skilled in professional expertise. 

Top Hiring Companies: 

  • Apple 
  • Tata Consultancy Services 
  • Oracle. 
  • Wells Fargo 
  • Deloitte 
  • J. P. Morgan 

An Annual Average Salary offered in Financial Planning and Analysis: ₹14 Lakhs. 

2. Risk Management 

Find mathematics and Statistics intriguing?  Do you tend to set a strategy and then work on it? Want to become a Savior? Then identify and respond to the risk the organization may face and be one. 

Create a risk-proof ecosystem for the organization and find alternatives for business growth by protecting organizations against future uncertainties and threats.  Use mathematical reasoning and give consultations to the clients. 

Job Profiles: 

  • Risk Management Analyst 
  • Financial or Enterprise Risk Manager 
  • Supply Chain Risk Manager 
  • Digital Risk Manager 

Skills Required: 

  • Complex Problem Solving: Managing the risk. 
  • Analytical Thinking: Thinking out of the box. 
  • Critical Decision making Judgement: Based on inter-connected events. 
  • Good at Negotiation: Manage and deal with multiple clients. 
  • Business understanding. 

Top Hiring Companies: 

  • Amazon 
  • Deloitte 
  • EY 
  • Credit Suisse 
  • PayPal 
  • ICICI Bank 

An Annual Average Salary offered in Risk Management: ₹13 Lakhs.  

3. Investment Banking 

Are you interested in making decisions that involve numbers and data that ultimately improve the business, Financial markets, and economic trends? Then Investment banking is the career option for you. 

It is one of the most prestigious career options in the field of Finance. It offers not just a rewarding pathway and positive professional growth but also a good salary package. 

Job Profiles: 

  •  Trader 
  •  Stockbroker 
  •  Asset Manager 
  •  Equity Research 

Skill Required: 

  • Innovative and Critical Thinking: Need Intellectual Curiosity that solves complex problems. 
  • Leadership skills: For effective teamwork. 
  • Dedication: Commitment to work. 
  • Ability to work under pressure: cope well with difficult situations. 
  • Relationship Building: Need solid social skills. 

Top Hiring Companies: 

  • J. P. Morgan 
  • Accenture 
  • Tata 
  • Wipro 
  • Citi 
  • HSBC 

An Annual Average Salary offered in Investment Banking: ₹ 10.7 Lakhs. 

4. Corporate Finance 

Do you have a knack for calculations? Have innovative ideas on budgeting?  Find an interest in analyzing and forecasting economic trends. Like to take risks and make a profit out of it? Corporate Finance can be your career option. 

Balance risk and profitability; Suggest improvement measures by reviewing reports; Manage Funds and investment portfolios; Handle tasks like Risk Management; Analyze Valuations and Returns, and introduce solutions for budgeting. 

Job Profiles: 

  • Corporate Development And Strategy 
  • Financial Planning and Analysis Manager 
  • Treasury 
  • External/ Internal Auditor 

Skills Required: 

  • Strong Analytical Skills: Understanding how to build forecasts. 
  • A Solid understanding of Accounting.  
  • Problem Solving Skills: A logical framework to be vigilant at all times. 
  • Effective Communicator: Have strong interpersonal skills. 
  • Know the trend: Always abreast with the latest knowledge. 

Top Hiring Companies: 

  • Accenture 
  • Amazon 
  • Deloitte 
  • Tata Consultancy Services 
  • Oracle 
  • J. P. Morgan 

An Annual Average Salary offered in Corporate Finance: ₹ 8.5 Lakhs.  

5. Stock Broking 

Good at Managing money? Find it intriguing to solve mathematical problems?  Have an interest in Stocks and Investments? Always find yourself looking at the stock market. Have patience and confidence to manage people in chaos? 

A high-profile and stable job. Make a good amount of money just with the bonuses and commissions. Filled with many opportunities as it is an ever-growing field.  

Job Profiles: 

  • Financial Advisors 
  • Security Trader
  • Capital Market Specialist 
  • Security Sales Representative 

Skills Required: 

  • Self-motivated and Proactive: To work under pressure. 
  • Technical and Fundamental Knowledge: For analyzing the stocks. 
  • Passion: For investing. 
  • Excellent Interpersonal Skills: As regular interaction with clients. 
  • Good at Analytics: Analyzing the graphs and trends. 

Top Hiring Companies: 

  • Kotak Securities Ltd 
  • Indiabulls 
  • Merrill Lynch 
  • Morgan Stanley 
  • Bank of America 
  • Karvy 

An Annual Average Salary offered in Stock Broking: ₹ 2.9 Lakhs.   

Conclusion 

Firstly, a career in Finance offers a wide range of promising job opportunities everywhere. For instance, Bank Managers, Financial Planning Analysts, Supply Chain Risk Managers, Stockbrokers, Treasury, Capital Market Specialists, and many more. 

Secondly, these financial positions require different skills and abilities like Analytical and Critical thinking, Proactiveness, Interpersonal Skills, Finance Management Skills, etc. 

So explore every career option before you decide; choose a path that helps you achieve your long-term goals as it’s a sector with complex work conditions. 

Lastly, spend time on your research and find a career option that fits you well.