Thursday, October 29, 2009

Career in Management -MBA - Finance

Finance as a Career can be both highly lucrative and challenging. There is a wide spectrum of careers that can be followed: -
Banking – Commercial -
Banking deals with individuals and corporates to meet their everyday banking requirements such as cash deposits / withdrawals, investment advisory, deposits, loans (housing, car etc.), credit cards, remittances (payments, Demand drafts etc.), lockers etc. The job includes roles such as Business Development, Customer Service, and Operations etc. It is highly customer interactive and requires the individual to have Excellent interpersonal skills, Leadership skills, Team-Worker, Ability to work under pressure, Risk taker and have a high level of integrity. Job prospects include Private Sector & Foreign Banks like HDFC Bank, ICICI Bank, Citibank, HSBC, Deutsche Bank, Standard Chartered Bank.
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Investment Banking -

Bankers who deal with corporates relating to specialized & structured products such as Capital markets, Foreign Exchange Dealing, Mergers & Acquisitions & large sized offshore / domestically structured loans. The job includes Business Development and marketing roles and structuring new products and innovative ideas, and liasioning with government bodies and offshore points to provide innovative solutions.
The individual must have excellent interpersonal and financial skills, be innovative, and have a high level of risk taking abilities. Of all Finance jobs Investment Banking is the most highly paid, as it is a high-risk high return job with a large level of variable pay. Best places to work would include - Private Sector & Foreign Banks, Investment Banks such as Citibank, HSBC, Standard Chartered Bank, JM Morgan Stanley, Merrill Lynch, Credit Suisse First Boston (CSFB), and Leighman Brothers.
Corporate Finance-
Corporate finance professionals look after the day-to-day financial requirements within any corporate / service industry. It is an essential department within any organization. The financial arm could have its own experts in taxation, accounting, stock markets and investments etc. The job includes meeting and accounting for all monetary requirements of different departments, raising finance for the company through suitable instruments such as Loans, Debentures, Commercial Paper, Stock Markets etc, ensuring all Statutory Requirement are timely met by the company e.g. taxation, RBI declarations etc and making all investment portfolio decisions for the company.The person should have sound Financial and leadership skills, be able to work under pressure and be a risk taker with a high level of integrity.
All Corporates like HLL, Infosys, Cipla, Nestle, Ranbaxy etc. would be places to work.
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Audit, Financial Accountancy & Analysis and Taxation-
A Financial Analyst's role focuses primarily on financial analysis while the CA focuses on financial accounting, taxation and costing, the Auditor on is the policeman for the financial accountant and a Taxation Expert is the professional on all tax laws and procedures.
All the above jobs can be in-house in a corporate or can be in an Accountancy firm / Consultant. The best route to enter any of these professions would be through a Chartered Accountancy Program (for Audit this is the only route) else Certified Financial Analysis (CFA). The job includes analyzing financial information to evaluate financial performance and make projections for the future, monitor all costs, conduct Audits, provide consultancy services to organizations on issues such as cost control, taxation etc, and provide advice and consultancy services on issues that relate to conceptual and technical inputs in the areas of Indian Financial System & Accounting, International Financial Management.
The individual should have excellent Analytical & Reasoning powers, good judgment and financial skills, an objective outlook with team working skills.
All Corporates and Financial Consultancies such as Ernst & Young, AF Ferguson, PricewaterHouse Coopers etc. would be good places to work.
Stock Analyst / Broking-
Stock exchanges are like market places where stockbrokers buy and sell securities for individuals or institutions. Stock markets have gone through tremendous improvements to match the expectations of the growing industry. The introduction of norms for greater transparency in operations and the international trading and investment exposure, as well as support of professional analysis have brought about tremendous improvements in this sector.
As the opportunities are many with a wide choice of organizations and jobs to choose from, professionals in this sector can hope for a good future. Various roles such as a Stock Trader – buys and sells shares on behalf of customers and self, Equity Analyst – analyses trends and companies thus making recommendations on future happenings, Stock Advisers – directly deal with the client and manages their money by liasioning between the broker and the client and advises the latter on correct course of action.
The person should have excellent Analytical & Reasoning powers with good judgment and financial skills. Have an objective outlook with a high level of General Awareness and the ability to make decisions quickly.
Courses related to Stock Market Training


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