Globalization, mergers, deregulation, acquisitions, changes in taxation laws, emerging start-up culture and rapid technological innovations are forcing every business, to rethink its strategies continually.
In the ever-changing business environment, finance professionals, too, are exploring new strategies to bring higher value to their organizations. Today, finance executives have to think beyond their traditional roles of financial book-keeping, audits, and regulatory reporting. Their role is now much more dynamic, challenging, intellectually satisfying and financially rewarding.
PGDM in Finance
Finance is one of the most prominent choices for a postgraduate management study. Banking remains the most preferred one since the sector involves great wages and fantastic growth opportunities.
PGDM in Finance is a 2-year intensely structured and industry-oriented programme where the students develop expertise across diverse financial verticals.
Students with post-graduation in finance are the favourite choice of Bankers, KPOs, Wealth & Investment Advisory Service Providers, Brokerage Firms and Financial Planning & Asset Management Companies.
Experiential learning through a post-graduation program provides students with the ability to sharpen their trading and analytical skills in a live market situation. The study offers hands-on, real-world training in Financial Securities, Foreign Exchange Trading and Commodities. It equips students to compete for the most exceptional jobs and entrepreneurial opportunities, globally.
So whether one has an undergraduate finance degree or a post-graduation diploma in finance, read on to find out seven careers that can be considered:
While Stock Broking involves buying and selling of stocks, Trading consists of buying and selling bonds and other financial instruments. These are the fast-paced jobs, including long hours usually starting early with the opening of international markets. Trading survives in a cut-throat environment, but with the potential for very high rewards.
A financial manager is responsible for giving financial guidance and support to their clients and colleagues. In more prominent companies, the role is more concerned with strategic analysis and management of financial services. In smaller businesses, responsibility involves the collection and preparation of accounts.
Other responsibilities for a financial manager can include managing budgets, liaison with auditors to ensure annual monitoring and arrangement of new sources of finance. A financial manager or Chief Financial Officer are senior roles and requires high capabilities and growth within a company.
External auditors review and analyze financial records along with other data to give companies, investors a clear idea of how they are performing.
Their work can be split into two different areas – a financial audit, monitoring the company’s financial statements or a non-financial audit to help companies solve particular business problems. Many companies employ external as well as internal auditors with attractive salary packages.
Actuaries evaluate and advise companies on financial risks. They use statistic theories to estimate the likelihood of a particular event, including their possible financial costs. They design creative ways with this knowledge to reduce the possibility of unwanted events to occur and also minimize the impact of such events that do occur.
The study of uncertain future happenings by actuaries is of particular concern to insurance and pensions companies. Still, actuaries can work in a wide range of sectors. Work is high-pressured, but the returns are equally rewarding.
Risk management professionals are perfectly-skilled to provide consultations based on the analysis of market risk and the recognizing results of a bad investment. They use mathematical reasoning to advise their clients to ensure their business model are defined within the mission and vision of the company.
5. Financial Analyst
Financial analysts collect financial data and supervise the investment decisions of their employer – which could be a corporation, government, individual or a non-profit organization.
Analysts recommend the best course of action to identify challenges. For this, they need to stay aware of market trends and investment opportunities continually.
A career in financial analysis suits data-focused individuals who possess strategic thinking skills and an inclination towards statistics. Other related roles in this field include credit analysts and budget analysts.
Accountancy has been a popular career path for finance graduates. Accountants are employed by individuals and companies to support them with financial market issues such as budget, taxation, profit/loss, identifying and solving fraudulent financial activities.
Excellent communication skills with close attention to detail are pre-requisites for this job to be able to find out complex financial solutions.
In-house accountants are responsible for preparing profit and loss statements, accounting annual reports along with other financial tasks. Alternative careers in accountancy include tax advisors, forensic accounting and chartered accountancy.
Many financial jobs and roles require diverse abilities and complex work conditions. Hence, it is important to choose the one that aligns with your long-term goals. For example, if one has excellent interpersonal skills, they may work well as a financial advisor. Moreover, if someone enjoys working with numbers, then they may perform exceptionally well in public accounting.
The bottom line is to research the options thoroughly. The time spent on choosing the right career path can help save time and work in a position that will truly fit.