Introduction Once perceived essentially as a back office record keeping job, today a career in finance is highly regarded. With the liberalization of the Indian economy and the gradual globalization, the job of a finance professional or a financial analyst has become much more challenging.
Today, it is seen as a career that provides a greater role in decision-making, planning and controlling operations in any organization.
Since the profession of financial analyst has grown in leaps and bounds, there is a huge demand for experts in the market.
Students can opt for courses in finance that can eventually help them in landing with good job offering a handsome salary package. Moreover, those who love jobs that are not only exciting but also intellectually stimulating, financial analyst’s job can be extremely satisfying for them.
Programs in Finance—Eligibility The realm of academics offers several paths that can lead to a career in finance. However, the best way out is to complete a Bachelor’s degree in Commerce or Economics at the undergraduate level. An aptitude for problem-solving and a sound knowledge in Mathematics are essential in order to become a successful financial analyst. However, this does not imply that candidates majoring in other fields cannot pursue a career in finance.
Students coming from Science and Humanities background have known to become successful financial analysts.
In case you do not have a degree in the above-mentioned disciplines, you may to consider studying the Series 7 and Series 63 exams or participating in the Chartered Financial Analyst (CFA) Program.
While the CFA exam is highly methodical, the Series 7 and 63 exams are other ways to validate a basic understanding with investment terms and accounting practices.
In many cases it has been observed that financial planners and analysts end up completing an MBA.Other than that, what you can do is study extensively. Try and develop an interest for finance. End up reading journals and publications related to finance.
Periodicals like Indian Journal of Finance and Finance India can come in handy for the purpose. Job Descriptions a financial analyst a candidate is expected to perform manifold tasks with absolute acumen. These include analyzing financial information in order to come up with business forecasts and economic conditions that are used in investment decisions.
They also need to evaluate and compare the relative quality of numerous securities in a given industry. Interpreting data that affects investments and future risks also comprise the job description of a financial analyst.
Other functions include monitoring fundamental economic, corporate as well as industrial developments through analyzing information obtained from various sources.
Remunerations Financial experts can find employment in investment banks, insurance companies, mutual fund investment companies and others. A well-paid field, financial planners/analysts usually start with a salary package of INR 25000 to INR 30000.
Gradually depending upon the experience and the organization serving, the package can go up. Experienced candidates in the field of finance are known to withdraw a salary package as high as INR 1-1.5 lakhs per month.
Institutes Some of the top institutes where one can pursue finance courses include the following: Indian Institutes of Management: MBA with finance as a specialization Faculty of Management Studies, University of Delhi Management Development Institute, Gurgaon Indian School of Business, Hyderabad The Institute of Chartered Accountants of India (ICAI)The Institute of Company Secretaries of India (ICSI)The future has in hold numerous employment opportunities for candidates who have a degree in finance.
All you need to do is to take the advantage of this ever expanding profession.