Top 6 career opportunities in India for financial management student
The greatest career options for financial management students in India are listed here.
Career Expert & Blogger
Choosing a career is the most important life decision since it has a lasting effect. Since there is little exposure to the actual world, choosing a professional path is a challenging decision that must be chosen carefully.
Students who select finance as their area of concentration have several chances for financial management in the present business environment. Many B school graduates now opt to work in finance because of how rapidly it has grown globally and nationally.
A career in finance enjoys social esteem and offers speedier career advancement based on performance. The country's financial inclusion and technical improvements have widened the financial system's resource base, which has greatly increased the opportunities for competent professionals.
India’s financial sector is growing at a rate of over 8.5 percent annually, opening up new opportunities for MBA candidates.
For Indian students studying financial management, the finest employment options include
1. OFFICIAL FINANCE
Every company entity has a finance department that handles all financial tasks. Job positions in functional areas including accounting, taxation, auditing, budgeting, and financial control are provided by these functions. A professional with a strong work ethic, strong analytical abilities, and knowledge of financial modeling can pursue a career in corporate treasury management.
Fintech is the widespread application of contemporary technology in all aspects of finance. There is a great need for specialists in the BFSI business, particularly in the field of Fintech and other developing technologies in finance, as a result of the integration of technology into banking. These employment options include positions in cognitive technology, robotic process automation, blockchain, and payment gateway specialists.
3. A CREDIT RISK ANALYST AND INVESTMENT BANKER
The main responsibilities of an investment banker are to evaluate and offer investment possibilities, and perform research and appraisals to close financial deals. The execution of both long- and short-term financial strategies, as well as the identification of new business prospects, require the expertise of an investment banker.
The primary duty that necessitates specialized domain expertise is determining the creditworthiness of current or potential customers for the business. To assess the level of risk, you will look at the prospective client’s financial dealings and credit history.
4. RISK MANAGEMENT AND INSURANCE
The demand for assurance and security has grown as a result of the pandemic's ambiguous nature. The nation's thriving insurance industry offers a range of positions, from data scientists and marketers to actuaries and analysts.
Technology has advanced to the point that knowledge of new technologies like artificial intelligence (AI) and machine learning (ML) is now required in the field and has created many new career opportunities. Opportunities exist in the insurance industry for actuaries, advisers, marketing experts, customer service agents, and human resource specialists.
5. NBFC AND BANKING
Banking services like corporate lending, SME lending, agricultural lending, microfinance, and foreign currency management offer a wide range of opportunities for finance professionals. A career in business development, marketing of banking services, bank treasury operations, or risk management is possible in the banking industry, which offers a wide range of financial services in each of its modern banking functions.
6. WEALTH MANAGEMENT & FINANCIAL ANALYST
The financial analyst vocation offers a career in budgeting, capital structure modeling, income and expense forecasting, and the duty of monitoring an organization's financial strategy. Professionals with a background in finance can succeed as analysts.
To learn about their customers' financial objectives, risk tolerance, and current asset allocation, wealth managers conduct extensive consultations. Financial planning, investment management, and wealth growth and preservation are the available professions.