Career in Financial Services

A career in financial services is a lucrative career option today as job opportunities in financial services are growing rapidly in India. There is an increasing need for the financial expertise as a career in financial services includes various areas like corporate finance, commercial banking, insurance, investment banking, money management, real estate and financial planning.

Financial Services Jobs

Jobs in corporate finance involve working for a company to find sources of capital, making acquisitions, growing the business and planning for its financial future. Key job areas are treasury, cash management, financial analysis, credit management and controlling. Major job areas in commercial banking are loan issuance (credit appraisal, accountant management), leasing, mortgage services, trade credit, credit card banking, trust services, international finance and overall operational handling.

There is a big demand for the insurance professionals in India. Main job areas include agency and broker-ships, actuarial services, risk management, claims adjustment and service management. It includes mergers and acquisitions, corporate finance, project finance, structured finance, trading, management of financial assets, trade of securities and financial advice.

Major job areas in money management include portfolio management, investment advisory, sales, hedge fund trading and mutual fund analyst. The real estate sector includes commercial and residential real estate brokering, property management, real estate appraisals, construction and development. The financial planners help the people to plan their financial futures including taxes, investments and estate planning issues.

Skills Required for a Career in Financial Services:

Jobs in financial services are available in government agencies and various corporations, national and international banks and financial institutions. It is a prosperous and secure career option. The candidate needs to apply his skills in quantitative analysis, strategic financial planning, investment management and sales. The applicant should have good mathematical skills, computer skills, knowledge of latest computer technology, analytical skills, leadership skills, communication skills including listening and writing, integrity, problem-solving and decision-making skills and organization skills. Proficiency in any foreign language is considered as additional qualification.

Qualifications Needed for a Career in Financial Services:

The eligibility criteria for creating career in financial services vary from post to post. Some of the posts need a bachelor's degree from any discipline.

The bachelor's degree in accounting, finance, business administration or economics is needed for financial managers. However, master's degree in finance, economics or risk management or a chartered accountant is more preferred in many organisations.

The duty of workers in financial services is full of mental and physical stress. A few may suffer from excessive workload.