The financial sector offers one of the most lucrative white and golden collar jobs. Breaking into the world of finance is not easy as it requires one to be a master in Analytical Thinking, Communications, Planning, Information Management, Ethics, etc. With bars for entry being so high, an MBA in Finance is one of the best choices to get into the Financial Sector. When it comes to opportunities, the financial sector is not short of options offering high pay. In this article, we will explore the plethora of opportunities in finance.
Top Career Opportunities in Finance-
- Investment Banking– When we speak of investment banking, the image of Warren Buffet, JP Morgan, and Goldmann Sachs comes into mind. Investment banking is a form of financial service, in which a firm or an individual provides the best advice, be it in investment or financial transactions to the clients. It involves data analysis, financial modeling, and research to make the best-calculated decisions. Investment Banking jobs are one of the most sought after and rewarding jobs, with a bright future.
- Corporate Finance– Corporate finance is one of the core areas of finance, it involves- sourcing of funds, auditing, capital structuring of corporations, capital budgeting, treasury management, planning actions to increase the valuation of the firm, and developing tools and analysis techniques to allocate financial resources. As corporations are ever struggling to discover new business opportunities, corporate finances will remain one of the most crucial finance areas.
- Public Accounting– CPA or Certified Public Accountant is the title used for public accounting professionals. In India, it is equivalent to CA or Chartered Accountant. They maintain and audit the records of financial transactions for a company and individual, file Income Tax Returns, and offer tax consultancy. Public accountants will never lack clients either individuals or companies. Public accountants either work as independent consultants or employees in firms, both offer big career opportunities for an individual.
- Portfolio Management– Portfolio managers plan, carry out, and manage investments for their clients, be it individuals or institutions. Portfolio managers are the key players for hedge funds, pension plans, mutual funds, and private investment firms. It is a team-oriented work involving analysts, researchers, strategists, etc., responsible for building an investment strategy, picking appropriate investments, and earmarking each investment properly for their clients. As the penetration of mutual funds will increase, it will remain a crucial finance field.
- Financial Planning– Commonly referred to as CFP or Certified Financial Planner, these professionals offer expert advice in the areas of- financial planning, insurance, taxes, real estate planning, and retirement. With inflation skyrocketing and the value of money depreciating, good financial planning is a crucial need. Financial planners are always in great demand, be it big or small firms, they are the key players in the team. Entrepreneurs can also open their financial planning firms.
- Stock Broking– Stockbroking is one of the top finance sector jobs. It involves careful analysis of data, statistical modeling, and forecasting to make the best equity decisions. Buying and selling equities is not an easy job, it involves a lot of risks that need to be calculated and a lot of analysis to pick up the best choices. With increasing awareness of stock market and equity products, stockbroking remains a highly lucrative field.
- Risk Management- Risk managers specialize in the identification, analysis, and mitigation of risks involved in an investment decision. In simple words, it involves reducing risks and reducing the possibility of losses. It is a high-skill job requiring a lot of mathematical and statistical analysis, strategic thinking, financial knowledge, and adaptability. As new and more problematic risks occur, risk management is key to making businesses risk-proof.
- Actuarial Analysis- Actuarial analysts are professionals who carry out a risk assessment and estimate premiums for an insurance company, they are usually experts in the fields of economics, statistical analysis, and mathematical modeling. Since insurances provide cover to businesses and individuals at times of risk, it is the actuarial analysts who do all the required assessments. Thus, with improvements in financial modeling and analysis, the actuarial analysis will be one of the key areas in the financial sector.
- Wealth Management- Wealth management is a high-level profession that combines a lot of fields like risk management, financial planning, tax planning, estate planning, portfolio management, research, and analysis to offer investment advice to high-net-worth individuals. It is a teamwork job and an unexplored field for entrepreneurs, it requires one to develop a team of experts in various fields to offer the best solutions for their clients.
- Quantitative Analysis- A quantitative analyst, is a high-skill job requiring deep knowledge of mathematical and statistical methods, data mining, and analysis techniques to offer the best solutions. Since the level of expertise required for this job is extremely high, the rewards are also equally high. It is a good field as it provides a lot of opportunities to further develop expertise into other fields like risk management, stock analysis, etc.
- Fintech- Fintech is the area where technology, innovation, and finance merge to develop the safest, fastest, and most reliable methods of delivering financial services. It is an emerging industry and has lots of startups, financial institutions, and tech companies, competing to offer the best services.
- Credit Rating- Professionals involved in credit rating analyze the risk and opportunities involved with a borrower to assess its creditworthiness and assign it a suitable rating. A credit rating is a very crucial score for—an individual, a corporation, or a government, it only determines the creditworthiness, as well as the interest rate at that, will be repaid.
If you want to pursue MBA in finance and financial services specialization to tap the vast opportunities offered by the financial sector, you can pursue the MBA finance course offered by MGU. MGU or Mansarovar Global University is the best private university in Bhopal, its MBA program in finance offers the best skill development, training, expertise, and education to students in order to develop the qualities and skills required for a career in finance.
