| Financial Services Careers in India | | |
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Over the last couple of years, with the emergence of a globat economy, there has been a great revolution in the role of
finance and accounting. Every business activity is today measured in terms of bottom-lines. finance departments are looked
at more as profit centres than as cost centres.Today there are a host of careers and employment opportunities available
within the broad ambit of the term financial services. Mainly, banking, chartered accountancy, company secretary, and stocks
& securities.
- Banking
- Chartered Accountancy
- Company Secretary
- Stocks and Securities
Other Financial Services
There are several other financial services that offer good career prospects. These include costs and works accountancy,
chartered financial analysis, financial planning, investment planning, business finance, merchant banking, foreign exhcange
dealing and so on.
Cost and Works Accountancy
This specializes in stabilizing budgets and standards, evaluating operational efficiency and the effectiveness of production
and service management, formulating the profile planning programme, guiding managerial decisions, identifying accountability
for cost and profit variance, and thus rendering valuable assistance to the management. The Institute of Cost and Works
Accountants of India (ICWAI), New Delhi, provides training in this area. It has several branches all over the country.
Chartered Financial Analysis
This is basically an additional qualification for financial executives. A financial analyst's areas of expertise include
corporate finance, which deals with management accoutning and financial management; investment management, which includes
aspects of economics, quantitative techniques, economic legislation and security evaluation; and financial services, which
cover project planning, merchant banking services, portfolio management, venture capital, leasing, hire, purchase, new issue
management, credit rating and other allied areas. The ICFAI is the premier institution for this programme. Some business
management institutes also offer this course.
Financial Planning
Financial planning is required mainly in the financial services serctors of banking, insurance and investment advisory
services. the International College of Financial Planning, New Delhi (with branches in Mumbai, Chennai, Kolkata, Bangalore
and Hyderabad) provides training in certified financial planning. The Institute of Financial and Investment Planning, Mumbai
Offers a diploma course in financial and investment planning.
Business Finance
This is a specilization which not only includes aspects of conventional auditing and accounting but also as vast range of
activities like fund raising, foreign exchange, treasury management, investment banking, money market operations and broking.
The Department of Financial Studies, University of Delhi (South Campus) offers a master's degree in finance and control
essentially to commerce/economics graduates. The Indian School of Finance, New Delhi offers a master's in business finance.
Financial Services Careers in India
Related:
Careers Related to Financial Services
- Business Management
- Business Consultancy
- Cost and Works Accountancy
- Actuarial Science
- Sales and Marketing
- Market Research
- Economics
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