Want to Get Married? Explore Career Options with Finance
According to a fresh survey, it was found that nearly 50 % of the girls give preference to Professionals in Finance, contrary to those working in IT or any other sector. The reason for this view is the recent recession witnessed by the country. According to girls, IT jobs are very demanding, unstable and have erratic work hours. The respondents in the survey are of the view that professionals in Finance earn good package and thus lead a certain standard lifestyle.
With rising economic intercourse, career options with finance have also risen. These options are not only versatile but also have the potential to give an individual a strong footing.
Career Options with Finance
To become professional in finance, one needs to understand various fields and tasks associated with it. A student can choose from a range of options, which are as follows:
Accounting Managers
Accounting managers are suppose to look after issues concerning tax reporting and management. They are also required to create income statements of controller and audit groups. After pursuing this profession, one can also become a Corporate Controller or Chief Finance Officer. A Masters degree in finance MBA, can prove to be highly helpful.
Managers or Financial Analysts
The work of a Financial Analysts lies in decision making and looking after the production of financial analysis and reports. This in turn helps the company with business development, strategic planning, and alliance management. A financial analyst also helps in shaping the company's investment, thereby ensuring business growth.
Chief Financial Officers
Chief Financial Officers are the top-notch financial executives of any organization. The CFO supervises various accounting and financial operations and frames a company's general financial policies and strategies.
Corporate Controllers
A controller is a person, who is entrusted with preparing a company's financial reports. These professionals also forecast and sum-up a company's financial situation. A controller also maintains balance sheets and income statements.
Treasurers and Finance Officers
Finance Officers look after a company's financial objectives and budgets. Moreover, the financial officer also formulates and implements strategies, so as to raise capital. Financial officers hold an important position in a company and are responsible with issues relating a company's merger and/or acquisition activities.
Managers
The Cash Manager controls the cash flow, both accounts receivable and accounts payable.
Risk and Insurance Managers
As business transactions involve a certain amount of risk, risk and insurance managers work to minimize the amount of loss a company incurs and the amount of risk it is exposed to.
Management Consultants
Right from profitability improvement, corporate restructuring to financial strategy, a Management Consultant help companies with cash management and emerging market analysis.
Investment Bankers
An investment banker works in cohesion with corporations, wherein capital growth is essential. They also guide the institutions or investors, who have money available to invest. Most investment banks have a corporate finance division which assists clients in Structuring Financial Instruments like stocks or bonds to raise capital.
Investment Sales Associates and Traders
Investment Traders and Sales Associate are responsible for purchase and sale of securities like stocks and bonds. Apart from this, the sales associate makes recommendations and helps with the analysis, and the trader executes the orders for the client.
Credit Managers and Specialists
The Credit managers are responsible for managing the credit of a company. These managers formulate the criteria for rating risk and credit, determine the maximum amount of credit to offer, and supervise past-due account collections.
Some of the Best Colleges offering courses in Finance
- Christ College, Bangalore, India
- Garden City College (GCC), Bangalore, India
- Hansraj College, Delhi, India
- Indian Institute of Management (IIM) Kozhikode, Kerala
- Institute of Management, Nirma University
- Jamia Millia Islamia, Delhi, India
- Lady Shri Ram College (LSR), Delhi, India
Source: Prachi Srivastava (Shiksha Team)
