No organization can function without proper money management. Finance professionals coordinate the whole process of money management in an organization. Finance is one of the highest-paying job areas in India and abroad and it is still growing at a fast pace in accordance with industrialisation.
It is assumed that the economic crisis created by the COVID-19 outbreak will create numerous career opportunities for finance professionals in the future. For those who are passionate and interested in the field, finance is an excellent career option with a lot of benefits.
Future Scope for a Career in Finance
- Some of the most glamorous financial careers are in investment banking. Investment banks help companies and governments raise money through bonds, stocks, and public offerings.
- Graduates can work in corporate finance, a sub-division of finance that provides funds for business activities. It deals with funding sources, investment decisions and capital restructuring.
- Business organizations hire finance graduates to their hedge fund management wing for exploring the existing financial market space.
- Finance graduates can start a career in portfolio management. They will be responsible for guiding organizational policies on investments and decisions regarding asset allocation.
- Experienced professionals can attain the role of Chief financial officer of a company or institution.
- Private and public sector organizations employ finance graduates as cash managers who work like a treasury for fulfilling organizational needs.
- Financial graduates are sought out by companies as risk managers. They assess and identify potential risks.
- Business entities need corporate bankers for financial planning. Corporate banking is an emerging career field and has job opportunities for finance graduates.
- Finance graduates can work as Financial Advisors for handling the money of their clients and help them invest their money in the right products available in the market.
- New and emerging streams in finance like actuarial Science and blockchain management will open doors to a number of career opportunities.
Skills Required to Study Finance
- Numerical skills
- Team management skills
- Communication skills
- Problem-solving skills
- Customer service skills
- Teamwork
- Organizational skills
- Time management skills
- Leadership skills
Careers in Finance
- Junior Accountant
- Accountant
- Accountant executive
- Business executive
- Financial analyst
- Tax consultant
- Financial Consultant
- Accounts manager
- Business Consultant
Eligibility to Pursue a Degree in Finance
Students who passed 10+2 from recognized institutions under any stream can apply for a bachelor’s degree in Finance.
Entrance Examinations
- DUET – national level exam conducted by the Delhi University for admission into specific Undergraduate Courses.
- IPU CET (Indraprastha University Common Entrance Test) – university-level exam conducted by Guru Gobind Singh Indraprastha University for admission to UG & PG programs in the field of Engineering, Medical, Dental, Law, and Management.
- BHU UET – national level entrance exam conducted by Banaras Hindu University for admission to undergraduate courses.
Top Colleges/Universities in India and Abroad to Study Finance
- Harvard University, USA
- Massachusetts Institute of Technology, USA
- Stanford University, USA
- University of Pennsylvania, USA
- University of Oxford, UK
- University of Cambridge, UK
- Christ University, India
- Guru Gobind Singh Indraprastha University, India
- Delhi University, India
- Banaras Hindu University, India
- Symbiosis College of Arts and Commerce, India
- CMS College, Kerala, India
Famous People Connected With Finance
Manmohan Singh
Economist, politician and former Prime Minister of India. He held several chief posts in the Government of India like Reserve Bank Governor and Chief Economic Advisor.
Ding Xuedong
He is the chairman and CEO of China Investment Corporation, the world’s fourth-largest sovereign wealth fund.
Top Institutions that Employ People in this Field
- SBI
- ICICI Bank
- HDFC
- RBS
- EY
- LIC
- Bajaj Allianz
- Kotak Life
- Punjab National Bank
- Deloitte
- KPMG
- TFC
- New India Assurance
- United India Insurance
- Max Bupa
