The banking and finance industry has come a long way. Earlier, you had a choice to become a bank professional, accountant or tax consultant.
Today, the landscape has widened to include many interesting and diverse finance job profiles. As more MNCs and international banks set up their offices in India, career opportunities come with greater advantages. The finance industry has seen a dramatic change in the past decade or so. Professionals are now operating on a global scale.
It is a very exciting time to be in this field. The finance world is bursting with potential and is poised to grow at an enhanced rate. This means, there are several incredible banking jobs or finance jobs available in the market today.
If you’re an aspiring professional, this means good news for you. There are five trending jobs in the business that offer great prospects for your career. When you are looking for finance jobs for freshers, here are some of the designations that may be a perfect fit for you.
5 Trending Finance And Banking Jobs In The Industry
Whether you are seeking banking jobs or finance jobs as freshers, here are five lucrative professions that promise a very fulfilling career in this industry.
- Financial Accountant
The lifeline of any business is in its financial accounts. They need to be well-managed and processed accurately to maintain the company’s fiscal health. Financial accounting is considered one of the most stable finance jobs for freshers.
Job responsibilities:
- Ensure all company financial records are accessible, clear and transparent.
- Check for irregularities or potential fraud.
- Create financial statements that help a company to derive an accurate valuation.
- Keep track of the company’s performance, especially compared to previous years.
- Help financial managers to make decisions about the future of the company.
- Allocate well-defined budgets to ensure smooth operations across various departments.
Skills:
- Financial modelling and advanced understanding of MS Excel
- Knowledge of accounting standards such as IFRS
- Proficiency in mathematical concepts
- Good eye for detail
- Excellent time management skills
Qualifications:
Salary expectations:
- The average annual income is around Rs 3 to Rs 6 lakhs.
- Financial Manager
If you take on the mantle of a financial manager, you are in charge of the overall financial well-being of the company. Your job is to ensure all expenses, cash flow and financial activities are in accordance with the company’s requirements. If you are looking for a managerial position when hunting for finance or banking jobs, you can consider this designation.
Job responsibilities:
- Offering recommendations to the management to help increase profits.
- Ensure that the organisation is on track to meet its financial goals.
- Create data analysis based on the company’s daily transactions.
- Providing financial reports, investment advice and strategic ideas.
- Ensuring an appropriate amount of funds is available and allot them accordingly to various projects.
- Make budgets that efficiently utilise company funds.
Qualifications
- MBA or a degree in finance
- CFA
- Financial modelling
- PGCM IBCM
Skills
- A high level of organisation and communication skills.
- Good problem-solving and analytical abilities.
- Deep understanding of how the markets work.
- Proficiency in maths, statistics and financial software.
- Budgeting skills are also required.
Salary expectations:
The average annual income is around Rs 10 to 12 lakhs.
- Financial Analyst
One of the hottest finance jobs, financial analysts are the rockstars of the industry. They are experts in understanding how the stock markets work, making strategic investment decisions and helping clients and companies increase their capital.
Job responsibilities:
- Perform an analysis of the company’s financial performance
- Study the historical data of the organisation to compare it to the current situation
- Create financial analysis reports
- Examine the company expenses and cash flow
- Look for viable investment opportunities
- Offer advice on ways to boost profitability
Qualifications:
- MBA in finance
- CFA
- PG IBCM
- Financial modelling
Skills:
- High level of financial literacy
- Expertise in technical areas such as software systems and tech applications
- Critical and analytical thinking
- Good communication
- Problem-solving expertise
Salary expectations:
The average annual income is around Rs 8 to 10 lakhs.
- Equity Analyst
One of the most fulfilling careers in finance jobs is an equity analyst. If this is your chosen profession, you become a financial advisor and investment specialist. You use your deep knowledge of the markets to analyse financial data and help companies improve their performance.
Job responsibilities:
- To carry out analytical and strategic research from the financial information available.
- To arrive at a company valuation after careful analysis.
- To make predictions for the future based on research findings.
- Offer recommendations based on your expertise in the stock market and investment products.
- Create financial models.
Qualifications:
- CFA
- Financial modelling
- PG Investment Banking
Skills:
- Strong analytical reasoning
- Good industry knowledge and financial analysis
- Excellent communication skills
- Critical thinking and problem-solving abilities
Salary expectations:
The average annual income is around Rs 8 to 10 lakhs.
- Personal Finance Planner
Would you like to work one-on-one with your clients to help them create a diverse and lucrative portfolio? Personal finance planning is one of the most fascinating finance jobs as it equips you with the tools to be a qualified investment advisor.
Job responsibilities:
- Help clients to increase their portfolio value through various investment opportunities.
- Create investments for short-term and long-term goals to meet all the client’s personal requirements.
- Offer professional advice on taxation, retirement planning and insurance.
- Keep track of the markets and industry trends.
- Use your knowledge to avoid monetary risks.
Qualifications:
Skills:
- Good interpersonal skills
- Strong communication
- Attention to details
- Qualified in investment concepts, strategies and products
- Good at research and understands the markets
Salary expectations:
The average annual income is around Rs 5 to 9 lakhs.
Proschool’s Professional Courses For Finance & Banking Jobs
Click on any recruitment site to find quite a few rewarding finance jobs for freshers. Before you send out a resume, you must have the appropriate skills and training that make you a qualified candidate. It is not enough to learn the textbook material anymore. Employers want more than just knowledgeable hires. They want smart, savvy professionals who can think outside the box. IMS Proschool is one of India’s finest coaching institutions with a strong track record of ensuring students become certified specialists. The faculty consists of industry experts who are only too willing to give the students the benefit of their experience and wisdom. They use active learning methods, real-life case studies and hands-on training to help you polish your skills and gain valuable industry insights. Here below are some of the many benefits of getting certified with Proschool before applying for finance jobs.
- The institute offers courses for CFA, CFP, financial modelling, PG Investment Banking, ACCA, CIMA and many others.
- There are coaching centres located in major cities across India
- You can also learn via online classes.
- The faculty offers personalised attention and mentorship to students.
- There is a designated placement portal to help you apply for finance jobs or banking jobs.
- You will also receive grooming on interview and resume-writing etiquette.
In conclusion
Whether you want to work in investment services, personal planning or corporate finance, the finance field is brimming with endless possibilities and lucrative prospects. First, make sure you have the correct academic qualifications to help you land one of the best finance jobs. A well-designed, quality program can give you the training and skill development to become a world-class financial expert. Also, always choose a course that is best suited to your strengths and interests. It will help you work harder to fulfil your goals. The right amount of preparation and planning will help you achieve your dream career in no time.
This article about the 5 best jobs in banking and finance is extremely informative. It provides a clear understanding of career options in this field, which is very beneficial for ambitious professionals like me. This helps make informed decisions. Thank you for sharing this valuable content.