Hello Awani,
A career in Finance sector comes with a lot of scopes and perks. Financial services comprise of an extensive range of economic services. Financial Professionals can find employment in Investment Banks, Commercial Banks, Money Management Firms, Hedge Funds, Private Equity Firms, and Real Estate Firms. Apart from just getting into CA, CS or CMA, you are provided with a lot of career option like:
1. Investment Banker:
An individual who works for an investment bank (E.g., Goldman Sachs, Morgan Stanley, JPMorgan Chase etc.) to raise capital for individuals, companies, and government is called an investment banker. Investment bankers may also be involved in mergers and acquisitions, serve as a facilitator between a company and its investors, assist with unique investment opportunities such as derivatives and pricing financial instruments.
Investment bankers are the highest-paid professionals in the finance industry with an average salary of INR 782988 per year.
2.Financial Analyst:
Financial Analysts are experts in markets, economics, accounting, and compliance. They are able to absorb and evaluate huge volumes of data. With their analysis and revenue projections, they advise top management on strategic decisions and investments.
Financial Analysts earn a pay package of INR 355717 per year.
3.Venture Capital Analyst:
As a venture capital analyst, your responsibility will be to network, be observant about the latest industry trends, and meet potential target companies. They work for venture capital firms who provide capital to start-ups and small companies with a plan of business expansion but with no access to the stock market.
An analyst employed at venture capital firms takes home a salary of INR 5 lakhs per annum, depending on the experience and expertise.
4. Chief Financial Officer:
A Chief Financial Officer (CFO) is responsible for managing the financial actions of a company and reports to the Chief Executive Officer (CEO). He tracks cash flow, analyses a company’s financial strengths and weakness, and proposes corrective actions. The CFO plays a key role in a company’s overall success by influencing company strategy.
The average salary of a Chief Financial Officer is INR 3, 335, 902 per year.
5. Portfolio Manager:
Portfolio Managers usually work at money management firms and hedge funds. They are responsible for overseeing client portfolios. They help their clients attain their financial goals. They are professionals with project management skills and several years of experience.
Since it is a senior position, a Portfolio Manager may take home a yearly package of INR 1220838.
6. Risk Analyst:
Curbing losses and managing unpredictability is the responsibility of a Risk Analyst. They identify and analyse the areas of potential risk threatening the assets of a company, predict change and future trends, and also forecast cost to an organisation.
The average pay package of a Risk Analyst is INR 501424 per year.
I hope this helps you. Good Luck!
Hello Awani. There are many options available in the field of finance. If you have completed your graduation you can go for the Masters in Commerce in Finance. This can provide you the extra benefit and knowledge.
The career options in the field of finance and finanvfin planning are Risk Manager, Investment Banker, Fund manager, tax planning etc. It is up to your choice of interest you should choose your career option.
Online trading courses are now available online and you can pursue it easily. One point you need to remember in online trading that you must have good knowledge about the stock market and its fluctuations and you should also have knowledge finance. Som sites where online courses are available are :- Udemy, elearnmarkets, dsim etc.
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