Imarticus Learning
India’s leading professional education institute, offering certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management
Finance continues to be a top career choice among students across the world. GMAC (Graduate Management Admissions Council) surveyed 10,000 individuals worldwide and found that 31 percent of graduates want Finance and Accounting. There are many reasons for this. Firstly a career in finance allows you to build a skill set that works across industries and job profiles and it also gives you an opportunity to interact with key decision makers and stakeholders like banks, government, suppliers etc. But one of the key reasons students opt for finance is because of the wide array of job opportunities. The heart of corporate finance begins with the corporate, or the company. Regardless of which industry you choose, the finance function is indispensable. If we take a large company conglomerate like Mahindra or Reliance, you begin with the most basic, which is Financial Planning and Control. Financial planning and Control usually involves overseeing the accounting, financial, regulatory reporting for the firm. Preparing external financial Reports for public filings, tax and regulators. Monitor limits and maximize efficiency of financial and capital resources and Management reporting & analytics to the business management teams. The career path would be one that begins at Manager and goes all the way up to CFO and often, CEO because CFO’s are often involved in strategic decision-making. As you move from Financial Controller to CFO, other finance functions come under your purview like Corporate Treasury and Corporate Finance functions including acquisitions. Corporate Treasury is a buy side career profile. Corporate treasurers are the ones that negotiate loans with banks, derivatives with corporate bankers and oversee company investments. An advantage of working in a finance function of a company is the ability to make a significant impact of the bottom line and bear witness to every aspect of the firm. Moving away from the company, but staying with the Buyside brings us to careers in Investment Management firms, Mutual Funds and Private Equity funds. Jobs here include those that manage money or investments like Portfolio Managers and Fund Managers, those who do research, Buy Side Equity Research Analysts and Investment Analysts as well as Client relationship roles, which include sales. Which suits you? Use your personality as a guide. While all roles require a knowledge of finance, money managers are quant driven while client relationship roles are sales jobs and suitable for those who like networking and client facing positions. Research is perfect for those who like getting their hands dirty and require intense domain study. Staying with Research, we move to the sell side where you can work as an Equity Research analyst at a Brokerage or the Equity Capital Markets division of a large investment bank like Edelweiss or Goldman Sachs. Research also extends to Credit Research, Fixed Income research and Commodities. You can specialize as a gold or oil analyst. Other jobs on the sell side include Trading –Equity and Derivatives and M&A and Equity Capital Markets. But the great thing about Finance is how what you learn extends to careers in Consulting and Insurance. It only goes to show how the finance field is one of the most lucrative and most rewarding in terms of career options.
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About ImarticusImarticus Learning is a education institute based in Mumbai. We offer certified industry-endorsed training in Financial Services, Investment Banking, Business Analysis, IT, Business Analytics & Wealth Management. Archives
December 2018
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