As
the economy expands, job growth for Financial Managers will stem from both
the expansion of established companies and from the creation of new
businesses all across the globe.
The long-run prospects for Indian Financial Managers in the international
as well as national industry are favorable, as more will be needed to handle
increasingly complex financial transactions and manage a growing amount of
investments. These professionals will also be needed to handle mergers and
acquisitions, raise capital, and assess global financial transactions. Risk
managers, who assess risks for insurance and investment purposes, also will
be in demand.
Career Opportunities
The growing need for financial expertise as the economy expands will ensure
job growth over the next decade. The various Career areas in Finance are :
Corporate Finance
A career in corporate finance means working for a company to help it find
sources of capital, grow the business, make acquisitions, plan for it's
financial future and manage any cash on hand.
Key job areas include treasury, financial analysis, cash management, credit
management and controlling.
Commercial Banking
Key job areas in commercial banking include loan issuance (credit
appraisal, account management), mortgage services, leasing, credit card
banking, international finance, trade credit, trust services and overall
operational handling.
Insurance
As the population ages and wealth grows, the demand for insurance
professionals will increase dramatically. Typical job areas include
actuarial services, agency and broker-ships, claims adjustments, risk
management and service management.
Investment Banking
Considered as the most glamorous area in finance, investment banking
includes corporate finance, mergers and acquisitions, project finance,
trading, structured finance, management of financial assets, trade of
securities and financial advice.
Money Management
Money managers hold stocks and bonds for institutional clients. Typical job
areas for money managers include portfolio management, sales, investment
advisory, mutual fund analyst and hedge fund trading.
Real Estate
This area includes residential and commercial real estate brokering, real
estate appraisals, property management and construction & development.
Financial Planning
Financial planners help individuals plan their financial futures. They
undertake investments, taxes and estate planning issues.
The Employers look for :
National as well as international recruiters look for candidates with a
broad range of skills for financial management positions. Financial managers
should be creative thinkers and problem-solvers, applying their analytical
skills to business. They must be comfortable with the latest computer
technology. As financial operations increasingly are affected by the global
economy, financial managers must have knowledge of international finance.
Proficiency in a foreign language is also considered as an important aspect.
Eligibility
A bachelor's degree in finance, accounting, economics, or business
administration is the minimum academic preparation for financial managers.
However, many employers now seek graduates with a master's degree,
preferably in business administration, economics, finance, or risk
management.
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