In my last article, How to make a career in Financial Modeling and Business Analysis, I answered some of the important questions in students’ minds. In this article, I am going to focus on the areas where the finance careers, Careers for Finance Majors are in demand.
Jobs in Finance Field / Finance careers available today
1. Banks and Insurance companies
One of the most coveted career is banking career. If you have the knowledge and skills in commercial credit, wholesale banking and in investments, debt financing, merger financing, then you surely stand a chance in banking career.
If you have the edge in risk assessment and analysis area, the insurance sector provides a lot of opportunities for you.
Many people are aware of big international firms like J P Morgan, Goldman Sachs, Nomura Securities, Citi Careers, Deutsche . But there are other firms like SBI Caps, IDBI Caps, and 40+ Fund houses in India where finance professionals are in demand. These companies are looking for professionals having knowledge and skills in financial analysis, business analysis, financial modeling, valuation, financial planning.
3. Mid cap and boutique firms
Bulge bracket investment banking firms normally select the candidates from top business schools. And if you are not from these B-Schools, you don’t need to fret, there are other mid cap and boutique firms where finance professionals are required to carry the same work as in the big firms and the entry into these firms is comparatively easier.
4. Private Equity and Venture Capital
Private equity firms arrange for investment in companies that are not publicly traded on any stock exchange. Venture capital is a form of private equity where the capital is pooled by the investors and invested in companies. Financial forecasting, company profiling and valuation is the main work in this area. And for such work, finance professionals are in demand.
5. Rating Companies
As per regulations, now companies have to gain rating from rating companies. Many companies are getting ratings from such rating companies. Companies like CRISIL, CARE, ICRA, Brickworks, Fitch have grown considerably in the last few years and continue to grow in future too. As a result, there is demand for finance and rating professionals. This is a great opportunity for finance professionals.
6. Financial KPOs
Financial outsourcing companies like Evalueserve, SG Analytics, ValueNotes need people with skills like business analysis, financial analysis, risk analysis, report writing, MIS, Company profiling, financial modeling, valuation and MIS.
Remember, jobs in finance industry, finance career is rewarding if you have the skill sets and knowledge to perform the job. If you are equipped with the skill sets , only sky is the limit for you!
I am sure, after reading this article ,you have many finance careers available today.
Interested? Click here to know the programs that help you in such rewarding careers.