Are you passionate about numbers? Do you find working with numbers, money, and making sound financial decisions your cup of tea? If yes, then a Career in Finance could be a right fit for you! A career in finance offers a variety of opportunities for those who have a great skill & knowledge of money management, investments, and financial planning. But there are many options available, so how to choose the best career in finance? Don’t worry, we got your back! Before everything, let’s have a look at –
Quick Highlights About Career in Finance
- Careers in finance include roles in investment banking, financial planning, corporate finance, and more.
- Finance professionals often enjoy lucrative salaries and substantial bonuses.
- Financial expertise is needed worldwide, offering opportunities for international work.
- The dynamic nature of finance ensures ongoing education and skill development.
- Finance professionals play a crucial role in business strategy, economic development, and wealth management.
- To have a career in finance, you can pursue courses like Bcom, MCom, CA, CFA, CMA, CPA, BBA in Finance, PGDM in Finance, PhD in Finance, etc.
It was just an overview, a career in finance opens a lot of opportunities. India’s finance sector is dynamic and rapidly growing, offering numerous career opportunities. Whether you’re a recent graduate or an experienced professional seeking a career change, this field has something for everyone. The diverse roles range from investment banking to financial planning, ensuring a match for various interests and skills.
So, are you ready to explore the options? Come along…
Topics covered
List of Best Careers in Finance
In this section, we will explore some of the best career options in finance in India.
| Career | Courses Available | Eligibility Required | Career Growth |
| Financial Analyst | CFA, MBA in Finance, Chartered Accountancy | Varies From Course To Course. For CA, you can pursue this course after the 12th | Senior Financial Analyst, Finance Manager |
| Investment Banker | MBA in Finance, Chartered Financial Analyst (CFA) | Bachelor’s degree, often in finance or economics. | Managing Director, Investment Banking Head |
| Financial Planner | Certified Financial Planner (CFP), MBA in Finance | Bachelor’s degree, financial planning certification | Wealth Manager, Financial Advisor |
| Risk Manager | FRM (Financial Risk Manager), MBA in Risk Management | Bachelor’s degree in finance, risk management certification | Chief Risk Officer, Risk Management Director |
| Equity Research Analyst | Chartered Financial Analyst (CFA), MBA in Finance | Bachelor’s degree in finance, economics, or related field | Senior Equity Analyst, Portfolio Manager |
| Corporate Finance Manager | MBA in Finance, Chartered Accountancy | Bachelor’s degree in finance or accounting | Finance Director, CFO |
| Financial Controller | Chartered Accountancy (CA), MBA in Finance | Bachelor’s degree in finance or accounting, CA certification | Chief Financial Officer (CFO), Finance Director |
| Credit Analyst | MBA in Finance, Chartered Accountancy | Bachelor’s degree in finance, accounting, or related field | Senior Credit Analyst, Credit Risk Manager |
| Treasury Analyst | MBA in Finance, Chartered Accountancy | Bachelor’s degree in finance, economics, or related field | Treasury Manager, Finance Director |
| Financial Consultant | Certified Financial Planner (CFP), MBA in Finance | Bachelor’s degree in finance, financial planning certification | Senior Financial Consultant, Wealth Advisor |
List of Top High-Paying Careers in Finance in India
Now, let’s have a look at the top high-paying careers in finance after graduation along with their average salary:
| Career Opportunities in Finance | Average Annual Salary (INR) | Roles & Responsibilities |
| Investment Banker | 9-12 lakhs | Advises clients on investments, handles IPOs, M&A |
| Equity Analyst | 6-9 lakhs | Analyzes stocks, makes investment recommendations |
| Derivatives Analyst | 6-8 lakhs | Analyzes financial data, develops derivative products |
| Risk Manager | 8-10 lakhs | Identifies and manages financial risks |
| Credit Analyst | 6-9 lakhs | Assesses creditworthiness and evaluates loan risks |
| Financial Controller | 9-12 lakhs | Oversees financial reporting, ensures compliance |
| Corporate Treasurer | 10-15 lakhs | Manages the company’s cash flow and investments |
| Tax Manager | 8-12 lakhs | Develops tax strategies, ensures tax compliance |
| Compliance Officer | 6-10 lakhs | Ensures the company complies with regulatory requirements |
| Portfolio Manager | 8-12 lakhs | Manages investment portfolios for clients |
| Financial Analyst | 5-8 lakhs | Analyzes financial data, prepares reports |
| Investment Advisor | 6-10 lakhs | Provides investment advice to clients |
| Chief Financial Officer (CFO) | 20-30 lakhs | Manages the company’s financial actions and strategies |
| Finance Director | 15-25 lakhs | Oversees financial activities of an organization |
| Chartered Accountant (CA) | 6-9 lakhs | Provides financial advice, audits financial records |
Note: The salary information provided is based on data from various sources such as Naukri, Ambition Box, Glassdoor, PayScale, and others.
Bonus: How to Start a Career in Finance?
Starting a career in finance is an exciting journey that requires dedication and strategic planning. Whether you’re just beginning or looking to transition into the finance industry, here are some key steps to guide you toward a successful career path.
Obtain a Relevant Degree
Consider pursuing a bachelor’s degree in finance or a related field. While not always mandatory, having a degree can significantly enhance your prospects and knowledge base, making you a competitive candidate in the job market.
Gain Practical Experience Through Internships
Internships provide invaluable hands-on experience and exposure to the inner workings of the financial industry. Aim to secure internships in various sectors to broaden your understanding and identify your interests.
Leverage Your Network for Referrals
Tap into your professional network to seek referrals from contacts within the industry. Referrals can boost your credibility and increase your chances of landing interviews and job offers.
Continuous Learning with Relevant Courses
Stay updated and enhance your skills by taking relevant courses in areas such as business, accounting, economics, and ethics. Additionally, consider pursuing licensing courses to further specialize in specific financial topics.
Seek Guidance from a Mentor
A mentor can provide invaluable guidance and support as you navigate your finance career. Look for mentors within your network or seek guidance from experienced professionals in the field.
Attend Career Fairs
Participate in career fairs to network with industry representatives, learn about job opportunities, and showcase your qualifications. These events can serve as a stepping stone towards securing entry-level positions in finance.
Start with an Entry-Level Position
Begin your finance career journey by accepting entry-level positions that align with your interests and skills. These roles can provide a solid foundation and pathways for advancement within the industry.
Final Words!
The career scope for finance in India is vast, with opportunities in banking, investment, insurance, and corporate finance. Roles include financial analysts, investment bankers, risk managers, and financial consultants. India’s growing economy and evolving financial sector offer ample prospects for career growth and specialization in areas like fintech, sustainable finance, and data analytics in finance.
We have covered almost everything about a career in finance if you still need help! Reach out to iDreamCareer. We are here to assist you in making an informed decision about your future in this thriving field. Take advantage of iDreamCareer’s College & Course Selection Program today and embark on the path toward a successful future!
Also, read;
- Career Options After 12th Commerce
- Drawn Towards a Career in Finance?
- Overwhelming Career Options in Commerce
- Career as a Chartered Accountant
- What to do After Graduation
FAQs
Some top careers after an MBA in Finance include investment banking, financial analysis, corporate finance, asset management, and risk management. These roles offer high earning potential, leadership opportunities, and the chance to work with complex financial strategies. Additionally, roles in consulting, entrepreneurship, and financial technology (FinTech) are gaining popularity.
Yes, accounting and finance offer a range of career options, including roles such as accountant, financial analyst, auditor, tax consultant, investment banker, and financial manager. These professions cater to different interests and skill sets within the realms of financial management, analysis, and reporting across various industries.
Yes, a career in finance can be promising in India due to the country’s growing economy, increasing investment opportunities, and demand for financial expertise across various sectors. Roles in banking, investment management, financial analysis, and consulting are particularly sought after, offering competitive salaries and career advancement prospects.
To pursue a career in finance, start by earning a relevant degree in finance, accounting, economics, or business. Gain experience through internships or entry-level jobs in financial institutions. Obtain certifications like CFA or CPA for added credibility. Network extensively and stay updated with industry trends to enhance your prospects.
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
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