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Career Options in Finance and Banking Industry

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The Finance field today is bursting with great earning potential and rewarding career options in a wide range of industries. It has seen large growth and is a promising field for career advancement and steadily increasing pay packages. Macro-level events such as Demonetization, GST and other reforms have added momentum.

A finance degree allows you to explore a field that is dense with career opportunities and work with the decision makers. You can explore several areas including,

  • Public and Private Banks
  • Corporate management
  • International financial management
  • Investment services
  • Financial planning services
  • Personal financial planning for individuals and private organisations
  • Brokerage firms
  • Insurance companies
  • Commercial and Investment banks
  • Credit unions
  • Fintech Companies

A finance degree will help you distinguish yourself from a large number of business majors, narrowing your focus onto the financial field of business. As a finance degree is harder to attain, it’s guaranteed to set you apart in your job search.

Carving out a long-term career strategy in the Finance Industry is not as easy as entering it. The finance industry is a world by itself and offers a number of options. Merely deciding to make a career in finance is not enough, zeroing in on the job profile is equally important. It is essential to be aware of various career options in finance to make the right choice. Here are some career options to help you make it big in the field of finance.

Corporate Finance
A career in corporate finance includes jobs like financial analyst, cost analyst, treasurer or a business development profile. Opportunities in corporate finance are available in all sizes of organisation.

Investment Banking
An investment banker deals with investors for the purchase of securities, providing financial advice to corporations and HNIs, issuing of corporate securities etc.

Commercial Banking
Commercial banks serve large organisations, small companies and even the general public. Some of the standard job roles in commercial banks are Loan Officer, Branch Manager, Bank Teller, Programmer and Trust Officer.

Project Finance
Project finance helps organisations in forecasting and structuring the project finance deals while mitigating the inherent risks that are associated with the project.

Risk Management
This is about formulating strategies through accurate forecasting and evaluation of financial risks to avoid or minimise their negative impact on the business.

Private Equity
Capital for expansion as well as the running of everyday operations is a necessity of every business, and as a Private Equity professional, you will help your company get that capital.
You will also manage investments funds or portfolio of private companies: perform due diligence, financial modelling and valuation of the companies where investors are willing to invest.

Equity Research
As an Equity Research Analyst, you will study stocks and equities for the purpose of investments, advising clients about which companies are best for investment, helping both individual investors and traders.

Investors – Helping them decide the companies to invest in.

Traders – Guiding them on when to enter and exit the market.

Most professionals use the knowledge and experience they gain in their earlier jobs to better their positions and fit their interests. Your progress depends on your preparedness and willingness to explore different career paths.

The Bottom Line
Irrespective of the financial role you choose, there are some commonalities; financial careers have high barriers to entry, centralised in major financial centres, provide conducive working environments and involves working and competing with motivated individuals to rise-up the ranks.

And that’s where the role of premium Institutes like TKWsIBF comes into play. The Institute has an industry-ready Curriculum, and their courses have practical applications that give you experiential learning, with students virtually trading for a portfolio management competition that develops their financial acumen and gives them the confidence in decision making. Their Pre-Banking Training, Soft Skill Development Programmes and Corporate Interactions provide the students with an all-round development. Through domestic and International study tours, bankers meet and live industry assignments; they ensure a strong academic as well as practical knowledge foundation upon which you can build your finance career. It has been ranked No.1 Banking Institute since 2010.

Visit http://www.instituteofbanking.org/ for details.

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