Finance jobs are considered
highly sophisticated ones. The lucrative salary package and exciting job roles
have resulted in many people pursuing finance courses from reputed colleges.
When you decide to pursue a career in the field, it is always beneficial for
you to know in advance the different career avenues available in finance.
Here, we discuss
the different career
options in finance. These include:
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- Fund Management
This is an enthralling
and highly paid job that involves decision making in investment of
financial products like mutual funds. Fund management demands a deep
understanding of finance related micro and macro factors that affect the
financial performance of a company and market. A fund manager invests his
client’s money in the debt market, company shares and stock market as per his
knowledge.
2.
Private
Equity
A finance
professional can also find lucrative job options in private equity, where the critical
area is raising funds from leading investors and investing the amount in the
business. The basic idea of this job role is to raise funds from global
investors.
3.
Debt Syndication and Project Finance
This is another fascinating
career option in finance that typically includes arranging for long-term funds
for industrial and infrastructure projects. Like other finance jobs, project finance
is also a highly responsible position that demands the professionals to
understand the assigned task thoroughly, risk assessment, study financial
models and conduct feasibility study.
4.
Corporate Finance
If you want to
utilize your skills and finance expertise in the corporate world, corporate
finance is the perfect choice for you. This finance role requires the
professional to work for the corporate clients in arranging funds for the
business, manage acquisitions, and fulfil other financial requirements.
So, if you think you
have the expertise to bring value to the company, corporate finance offers outstanding
career prospects.
5.
Merchant or Investment Banking
Investment banking
has emerged as a lucrative career choice among young finance professionals. Pursuing a finance course in investment banking opens up several
lucrative career opportunities in domestic as well as international market.
Investment banking role
can be broadly classified into two main areas- Equity capital market role and
Corporate finance/Advisory role. The first finance role involves assisting
corporate clients to raise funds from public or other investors apart from
working on institutional offerings and IPOs. The second role, which is a corporate
finance, involves mergers and acquisitions. The professionals in the field
should possess a thorough understanding of essential concepts such as business
valuations, legal compliance, negotiation and financial targets.
6.
Financial Risk Management
Financial risk
management is another job avenue for finance professionals that involve
generating economic value for a firm by using several financial instruments for
managing market risk, credit risk and exposure to risk.
It is a highly reliable
and in demand job position that involves identification of its sources,
addressing to each one of them individually and measuring it. Risk management
in finance can be both quantitative and qualitative. It is an important
area of specialization of risk management, which focuses on how and when to safeguard
by using financial instruments for managing the exposure to risk.
7.
Equity Sales
& Research
Another popular
career option in finance is the role of equity research, which includes the
valuation of stock trading on the stock exchange by doing several researches on
technical and fundamental analysis.
8.
Wealth Management
Wealth management is
a high profile investment advisory role that involves investment portfolio
management, different aggregated financial services and financial planning.
Wealth managers are always in considerable demand among high net worth
individuals, families and business owners who find the need of financial
advisors who are specialized in wealth management. These professionals contribute
their services in coordinating valid resources, investment management, estate
planning, taxation and retail banking.
Professionals working
in the field can be certified or independent financial planners. Wealth
managers are in great demand in banking institutions, brokerage houses or
corporate clients.
9.
Retail Banking
Many young finance
professionals who are interested in pursuing a dynamic career in banking can work
as retail bankers. Also known by the name of consumer banking, retail banking
involves dealing with banking services and products for customers. The job responsibility
includes acquiring a business for different products such as personal loan,
saving accounts, auto loans and credit cards. Under retail banking, one can
also find a different role such as authorizing officer, teller, and customer
service manager.
10.
Corporate Banking
Corporate banking is
a job avenue for finance graduates, which offers a wide range of banking
services to the corporate clients. In corporate banking, corporate customers
are usually divided into two sections- MSME (Medium and Small enterprises) and
Large Corporates. As a corporate banker, one can find promising career prospects
in the global market.
Nowadays, many finance
colleges offer different short-term and long-term diploma and certificate
courses in finance. Therefore, an aspiring financial professional can look at
the various available career options.
About the Author-
Swati Srivastava is a prolific blogger and writer who
is passionate about writing for different topics in the education sector.
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