Career in Finance Sector

Career in Finance Sector
Career in Finance Sector

The role of finance sector is essential to carry out economic development and growth activities. So, Career in Finance sector always bright. 

Finance is money management. In addition, We can divide it into two categories: financial management and financial services. Financial management is about how to use an organization’s funds more effectively, whether it’s a business, a non-profit organization, or a government agency. Financial Managers implement strategies to improve profitability within the organization.

What is Financial Management?

The first question is “what is financial management” when you think about your career and money. Financial managements experts handle, financial services industry involves transferring funds between depositors and borrowers. Also, managing investment accounts, raising funds for companies and governments. In addition, providing investment advice, and minimizing the risk of financial losses. Who has career in finance sector high chance to become rich.

In addition, Experts in the field handle capital markets, debt markets, futures and commodities, mergers, acquisitions, and hedge funds.

Top 10 Finance Colleges in India

  1. S.P. Jain Institute of Management and Research, Mumbai
  2. Narsee Monjee Institute of Management Studies, Mumbai
  3. KJ Somaiya Institute of Management Studies and Research, Mumbai
  4. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR
  5. Xavier Institute of Social Service (XISS), Ranchi
  6. International School of Business & Media (ISB&M), Pune
  7. National Institute of Bank Management, Pune
  8. Institute of Public Enterprise (IPE), Hyderabad
  9. SCMS School of Business, Kochi
  10. MIT-SOB: MIT School of Business, Pune

If you want to make you career in finance sector. You can choose one of above college or many more in India.

Opportunity in Finance Sector as Career 

Public Accounting 

Accounting is a broad field of research and practice, covering many types of financial services. Usually, it is about recording and maintaining the cash flows of public institutions or private companies.

Public accountants also make recommendations and provide reports to reduce costs, increase revenue and improve financial conditions.

As an accountant, you can work internally to help organize finances, understand the investments, and provide forecasts to achieve long-term goals. Job opportunities can appear in the commercial or private sector and with selected accounting firms.

Corporate Finance 

Corporate finance is a sub-discipline of finance that provides funds for corporate operations. It involves sources of financing, investment decisions, and capital restructuring. Job functions in this industry include:

Balancing risks and returns Analyzing and predicting economic trends Reviewing company reports and proposing improvement measures Maximizing equity value Managing funds and portfolio selection Performing tasks related to risk management financial.

Becoming a CA (chartered Accountant) is also a very good choice. Even, one of the best choice to make career in finance sector as CA.

Career in Finance Sector
Career in Finance Sector

Compliance and Internal Control 

The compliance department works with regular agencies and administrative officials to make sure that all methods and activities comply with applicable laws, ethical practices, and standards.

Companies want to avoid damage to their status and finances because of violations. Therefore, the work of the compliance officer is essential to support effective business operations.

We can use them in various environments such as international university offices to process components such as grants, gifts, and contracts. For corporate financial compliance services, these professionals protect investors and maintain transparency. Your professional role directly contributes to decreasing financial fraud and systemic risks.

Investment Banking 

Investment banking has a place among the most prestigious career choices in the financial industry. This is also a profitable way in terms of career development. Investment bankers handle tasks related to financial reshaping.

Your job is to process data and numbers. Also, decide to improve business operations. These professionals must have a strong interest in an in-depth understanding of financial markets and economic trends.

Other job profiles can include everything from trading and stockbroking to asset management to research. Also, they registered investment brokers representatives or professional traders who buy and sell shares on behalf of their customers.

The asset manager decides, which investments to make to expand the client’s investment portfolio over time and minimize risk. The profession of asset researcher involves determining the value of certain investments to help individual and institutional investors make investment decisions.

Commercial Banking  

The major task of the bank staff is to maintain the relationships with the existing customers of the bank. Also, find new customers to keep the business going. To do this, they must provide efficient and user-friendly services. And remain proactive in improving the bank’s operations.

Commercial banking is an attractive career option for many participants because of its decent pay and working hours. An undergraduate degree in business and commerce may qualify you for an entry-level position as a credit analyst.

Portfolio Management 

Portfolio management is a combination of commerce and science and requires an understanding of business, mathematics, and analysis.

As a portfolio manager, you are not concerned with personal investments, but all the investments of your clients, whether they are institutions or individuals.

In addition, the task you with guiding the organization’s investment policies and decisions regarding asset allocation. It is important in portfolio management that the professionals employed must work to maximize returns with little risk. 

Risk Management  

Risk management professionals are good at identifying market risks. Also, identifying poor investment results. Your principal task is to strategically maximize profits and minimize risks.

They use their mathematical skills and analytical reasoning skills. Also, advise clients on various business issues. We can divide workstations into:

  • Financial Risk Management Business Risk
  • Management Supply Chain Risk Management Operational Risk
  • Management Digital Risk Supervisor

Skills for Career in Finance Sector 


Roles in financial services that involve providing information or advice, for example, data analytics, journalism, and customer service across complex systems. You must quickly become an expert, so you must be interested in learning all you can about your topic.

Market knowledge

Anyone working in financial data or financial news must have a good understanding of market dynamics. Also, understand the latest market trends. 


In a data-driven industry, communication is essential. Also, you need a writing style that can highlight the driest financials. If you use analytical tools to help clients, keep your suggestions simple and clear.


As a data analyst, you will need to focus on one industry and you will need to be proactive in your research. Fund manager, but a good team player, eager to support your colleagues and collaborate with other departments.

Customer Service

To support the financial industry, you need to help individuals and treat them as valued customers.

Qualifications for Career in Financial Sector 

  1. There are eligibility criteria for three different courses. Also, Students must follow these criteria for admission to these courses. Students need a minimum total score of 50% on their previous exams before taking this course. 
  2. Bachelor of Finance

Aspirants of an accredited school board must pass a score of 10+2 or an equivalent test with at least 50% off the mark.

Eligibility for MBA in Financial Management

Aspiring students must be eligible for the Common Admission

Test (CAT) or be admitted to one of the Indian Institute of Management (IIM) schools, including a bachelor’s degree from a recognized university.

Aspiring students must pass one of the following entrance tests to make career in finance sector:

  • The Common Admission Test (CAT)
  • Xavier Aptitude Test (XAT)
  • The Graduate Management Admission Test (GMAT)
  • Management Aptitude Test (MAT)
  • Joint Management Entrance Test (JMET)

For admission to any management institution in India. Besides these entrance exams, some business schools organize independent entrance tests.

M.Sc. In Finance

Aspirants with at least fifty percent B.Sc./B.Sc. (Hons.) Also, It is possible to apply for this Master’s degree in Finance program. Students are admitted directly after graduation or may be expected to sit for an independent entrance exam held by different colleges.

Salary of jobs in Finance Sector 

Career in Finance sector gives you good salary package, if you make your career, salary is different for different fields as given below:

Financial Analyst: Average salary: INR 4,09,903 p.a.

Compliance Officer: Average salary: INR 5,39,500 p.a.

Chief Risk Officer: Average salary: INR 13,00,000 (mid-senior); INR 50,86,824 (senior)

Financial Advisor: Average salary: INR 6,00,000 p.a.

Loan Officer: Average salary: INR 4,60,000 p.a.

Senior Accountant: Average salary: INR 4,12,977 p.a.

Benefits of Career in Financial Sector  

High-paying jobs

In the financial services industry are paid much higher than most other industries, and some of the entry-level positions have the highest salaries. The most important thing is that if you work hard in your early days, you can quickly make great professional progress and get a good salary increase.

Balanced lifestyle

Many Financial jobs give a balanced lifestyle between work and private life, especially for those who are self-employed and can choose their hours.

Job Security

Job security is an important benefit to a career in finance. As it is an in-demand profession. Also, this field is safe. Because finance is the foundation of daily life, there are many job options available. 

Challenging Career

A job in the financial sector is difficult. Also, it takes brains, hard work, and education to succeed. Because it is an area of intellectual stimulation, it can be very rewarding in the long run.

Opportunities for continuing education

Employers in the financial sector like to see their employees continue to learn. And career growth is much effective in finance sector

Getting a higher degree also means getting a higher salary, so it is worthwhile to educate yourself. And top 10 list given above.

Roles and Responsibilities 


Accounting is the most basic function of the finance department. Also, it involves the daily recording, analysis, and knowledge of the economic transactions of a company.

Manage the company’s cash flow

The finance department is dependable for organizing all cash flow in and out of the business. Also making sure there is enough cash to support the day-to-day operations of the business.

Budget and Forecast

The finance department prepares the budget and forecast for the company together with the manager and provides information on the financial status of the company.

Tax management

The management of a company involves the payment of taxes. Also, the duty of the finance department is to manage tax matters.

Management of Company’s investment

besides analyzing and selecting new investments, the finance department is also responsible for managing the company’s existing assets. Apart from fixed assets, the finance department should also pay attention to current assets.

Career in Finance Sector is one of great choice for anyone.

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