In Indian market has lots of opportunities available also Finance is one of them. If you think about is Finance a good career in India or not, here is some data about. Financial sector play biggest role in the growth of market, businesses and economies. Indian FinTech industry’s market size is $50 billion in 2021 and is estimated at ~$150 billion by 2025. Fintech sector in India is expected to be $1 Trillion in Assets Under Management (AUM) and $200 billion in revenue by 2023. Payments, Lending & InsurTech stood as the most preferred sectors.
Finance is not just a degree or a course, today’s world finance is counting as a skill. It has become a basic need of our career life. Uses of Finance is everywhere and in each industries.
Is Finance a good career in India?
Yes, Finance can become a good career choice for all individuals according to his skills and expertness in field of finance sector. India is a growing demand for financial services across various industries in the country. Additionally, with India’s fast-growing economy and increasing globalization, there are plenty of opportunities in the finance sector, ranging from banking and investment management to corporate finance and financial analysis.
India also has a large and thriving capital market, with many Indian companies raising capital through public offerings, private equity, and venture capital. This creates a need for skilled professionals who can help companies manage their finances effectively and efficiently.
To succeed in a career in finance, you need to have a strong educational background, analytical skills, and an understanding of financial markets and instruments.
Overall, while finance can be a good career in India, it requires hard work, dedication, and a willingness to continuously learn and adapt to changing market conditions.
Which field is best in finance?
Here are top 7 seven career options in the finance field along with a brief explanation of each
A financial analyst is responsible for analyzing financial data to provide insights and recommendations to clients or their own organization. They use financial models, software, and other tools to assess the financial health of a company, identify trends, and forecast future performance.
Investment bankers help companies raise capital by underwriting securities, such as stocks and bonds. They also provide advisory services to clients on mergers and acquisitions, and other financial transactions. Investment bankers typically work for large financial institutions.
Chartered Accountants (CA) are responsible for auditing and maintaining financial records of companies. They provide financial advice to businesses and individuals, including tax planning and preparation. In India, CA is a highly respected and sought-after profession.
A financial planner helps individuals and families achieve their financial goals by creating and implementing personalized financial plans. They provide advice on investments, insurance, retirement planning, and estate planning.
Risk managers assess and mitigate risks that may impact a company’s financial health. They develop and implement risk management strategies to minimize losses and protect the organization’s assets.
Equity Research Analyst
Equity research analysts provide recommendations on buying or selling stocks based on their analysis of financial data, industry trends, and company performance. They work for investment banks, mutual funds, and other financial institutions.
Wealth managers provide financial advice to high net worth individuals and families. They help clients manage their assets, create investment portfolios, and plan for retirement and estate planning.
These are just a few of the many career options available in the finance field, each with their own unique set of skills, qualifications, and responsibilities. It’s important to research and explore various career paths to find the one that aligns with your interests, skills, and career goals.
5 Highest paying jobs in finance sector
1. Information technology auditor
Average annual salary $101,751
Information technology(IT) auditors usually work for private companies agencies or government to confirm the technology infrastructure meets compliance needs and other enterprise IT needs. They spend their days conducting audits and should be skilled at doing so, which sometimes requires certification.
Average annual salary $70,677
Financial analyst work for financial institutions like banks, funds, insurance companies and more to support the buying decisions and needs of customers all over the country. FA(Financial analysts) comb through financial data to help business stakeholders make informed decisions about company finances.
Average annual salary $66,784
Investment bankers manage the portfolios of businesses and government agencies that invest in a number of different businesses. These professionals help clients raise and invest capital in a way intended to help the business achieve its financial growth goals.
Average annual salary $78,503
Senior accountants perform tasks like being accountable for sticking to budgets, meeting accounting goals and overseeing corporate expenditures. They are usually at the top of an accounting hierarchy and are responsible for the day-to-day duties of accounting.
5.Hedge fund manager
Average annual salary $86,631
Hedge fund managers must monitor markets to protect investors, and for that reason, they are awake early and leave the office late. Hedge fund investing is rarely a career with typical full-time hours. Hedge fund managers perform similar duties to investment bankers, but work with higher risk and reward portfolios for investors who pool their capital to make investments in hedge funds.
What is the hardest finance job to get?
Chief compliance officer:- Chief compliance officers oversee all duties and departments related to meeting requirements of compliance standards. CCOs deal with policy management and compliance monitoring to help businesses operate most efficiently and avoid non-compliance fees.
Is finance a stressful career?
Yes, finance can be a stressful career due to factors such as dealing with money, making investment decisions, managing risk, meeting financial targets, long working hours, intense competition, and the fast-paced nature of the industry. However, stress levels can vary depending on the individual and their mindset.