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Agenda
Career options Overview Skills and talent required Facts and trends Job options Certifications/Exams Conclusion
Career options
Commercial/Retail/PSU/Co-Op banking Corporate finance Investment banking Asset/Wealth management Equity research Insurance /Mutual Fund
BANKING
Business of providing services to individuals, small businesses and large organizations. Services may include banking, leasing, trade credit, credit card banking, international finance, etc. Variety of opportunities in jobs.
Broad understanding of business People skills are needed Accounting skills are crucial Communication skills are extremely important High grades not necessary.
Marketing types wanted. Corporate investment products in high demand MBA optional Tech savvy required No easy hours now
Requirement
HIGH
Sales skills
Communication skills Analytical skills Ability to synthesize Creative ability Initiative Work hours
HIGH
HIGH Medium Medium Medium Medium 40-60/week
Operations Executive Relationship Manager Credit analyst Loan officer Mortgage banker Collections Branch manager
Bank jobs are satisfying Remember Govt job opportunities in banking 10000 POs & 25000 Clerks required. Specialized banks are doing best You may be traveling in early part of your career. Middle managers are in high demand. MBA - An Added advantage.
Exams/Certifications
Diploma in Banking & Finance by IIBF. BANK PO/Clerk exams by IBPS/SBI. Co-Op bank
Create value for the company. Financing and maximizing shareholders value. Citing investment proposals, preparation of budgets, cash management, working capital financing, cash flow & fund flow statement analysis etc. Possibility of working with large MNC.
Responsibilities can come fast Problem solving skills will help to work quickly in corporate finance jobs Jobs in corporate finance are relatively stable Performance in these jobs counts Many experts say that corporate finance jobs are the most safe, desirable and the best jobs in the entire field of finance
Puzzle lovers/Analytical Thinking. Specialized knowledge in Finance / A/C. Got to be computer literate. Be patient. Promotions not that easy. Take initiative. Engineering background may work Be good with people - read them as balance sheets Dont presume it to be boring
Financial analyst A/C Executive Credit manager Cash manager Investor relations officer Treasurer Controller Finance manager
Exams/Certifications
IFRS ICWA CA
CFA
Finance manager
Treasurer
Controller
Assistant treasurer
Assistant controller
Financial
Accounts manager
Audit manager
Tax manager
A new paradigm shift towards success Providing experts services to clients Comprises of many interrelated fields of finance One of the most highest paid sector
Tough to get in Hard work expected and respected Analyst jobs are the best entry points Relationship Manager required in large numbers. Communication and market knowledge required Strong mathematical ability Accounting skills valuable
Brokers Capital markets Mergers and acquisitions/PE funds Project finance Trading
Structured finance Derivatives Advisory Emerging markets sales Public finance Institutional & Corporate sales
A good time to send your resume is in the month of November and December The most global business on earth Sometimes bonus received surpasses salary earned Massive consolidation Dependent on Market conditions
The business is too competitive It is transaction driven High salary package Bulky brackets changing
ASSET MANAGEMENT
In asset management, the money manager pools the money collected from various avenues and invest it in some securities Its a booming industry Deals with large markets
Asset management
Skills and talent required
Must be able to take risks Broad understanding of business Stay there during tough times Approaches could be diverse Strong knowledge of financial markets and companies
Requirement
Medium Medium Medium HIGH HIGH Medium Medium 50-70/week
Mutual fund analyst Hedge fund trader Investment advisory Portfolio manager Portfolio management & marketing manager.
Educate yourself Succeeding as a money manager is challenging Breaking in is tough Mutual funds are enormous Getting paid for performance Going global Competition is too much
INSURANCE
Insurance An overview
As the population ages and wealth grows, the demand for insurance professionals will increase dramatically. It is a field which helps individuals and corporate business units in protecting themselves from any future losses and anticipating their potential problems and thereby to set off the loss against the premium paid till date .
Insurance An overview
Helping clients to understand their own insurance needs Explain the appropriate policies to the clients Its about helping customers with a beneficial cover when they need it the most
Requirement
HIGH Medium
Communication skills
Analytical skills
HIGH
Medium
Ability to synthesize
Creative ability Initiative
Low
Medium Medium
Work hours
35-55/week
Sales representative Underwriter Claims adjuster Service representatives Loss control specialist Agent and broker Actuary Risk manager
Variety of products High growth and potential Most people dont sell Building a framework Big employers den
Hiring is strong Demand for insurance products are rising Not all companies survive IT types are in high demand Health insurance business is expected to grow Banks play an important role
Wealth managers or financial planners help individual in planning their financial future A good financial planner understand investments, taxes, estate planning issues and knows how to listen Most planners go solo or work with small firms The work pays well and is rewarding if you like to help people
Graduation degree is enough MBA optional Investing skills Variety of compensation available Broad understanding of business Paying attention to details CFP can help
Requirement
HIGH Medium
Communication skills
Analytical skills
HIGH
Medium
Ability to synthesize
Creative ability Initiative
HIGH
Medium Medium
Work hours
45-65/week
A helpful and important profession One of the hottest field in finance High growth expected The number of wealth managers has doubled from the past decade Getting involved HNIs are the key targets
REAL ESTATE
The field involves sale, management and analysis of land and properties. It is one of the largest part of the economy and offers a excellent job opportunities Real assets is collateral for mortgages and a large amount of financial assets
Real estate professionals are tied to the development of the society in a direct way. They participate in decisions that will shape the living styles in coming future. Work in real estate is rewarding, ever challenging and changing Your attitude will determine your altitude
Strong deal making skills Interpersonal skills Negotiation skills Analytical skills Multiple entry points available Highly entrepreneurial
Residential broker Real estate agent Commercial real estate sales Real estate appraisal Property management Real estate appraisal Development and construction Real estate entrepreneur
Real estate:
Experience in real estate is a key REITs are hot Negotiation skills are very crucial Technology is everything Certification is a priority
Identify your chances of gaining an advantage in the job Test what the other party exactly wants Ask how the salary is determined Be realistic as per why you should be paid more (support your statements with proofs) Negotiate the complete offer
Never lie about your previous salary Ask about the performance bonus/incentives as per company policies* Wear your salary A negotiation should end in win-win situation for both the parties
ANY QUESTIONS