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Careers in finanCe

Presented By Group No7

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Careers in finanCe

GROUP MEMBERS

AFSHA RATANSI20

ANAM SAYED

23NIDA ULDAY

26ANURAG NAIR

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INTRODUCTION

Essentially perceived as a back office record keeping job,has become much more challenging with the liberalizationof the Indian economy.

It is seen as a career that provides a greater role in decisionmaking, planning and controlling operations in anyorganization.

Acquiring an appropriate professional qualification is thefirst positive step towards a successful career.

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New Risk Management Jobs to be Seen into

Banking Sector in 2011 onwardsRisk management is a mirror of efficient

corporate governance of a financial

institution. Globalisation and significant

competition between foreign and domestic

banks, survival and optimizing returns are

very crucial for banks and financial

institutions.Most banks in India foreign,

private or government-owned are gearing

up to expand and strengthen their risk

management work after the global financial

crisis. . This tends to create a new set of jobs.

Besides, the financial crisis, a spate of scams

in the banking sector in the recent times has

also forced banks to strengthen their risk

operations Banks' operational risks include

loss resulting from inadequate or failed

internal processes, people and systems or

from external events.Citibank and Standard

Chartered are among those,which are

seriously looking at expanding the risk

operations.The Indian Banks' Association

(IBA) has also proposed to chalk out a new

way to verify the authenticity of documents

provided by loan applicants. The IBA has also

written to the Institute of Chartered

Accountants of India (ICAI) seeking

suggestions on the same.Banks are expected

to increase headcounts for the risk

operations as well

THE DAILY NEWSwww.dailynews.com THE WORLDS FAVOURITE NEWSPAPER - Since 1879

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India along with other emerging

economies to lead global growth by 2025India is a leader in Asia and around the

world, said President Barack Obama.It is s a

rising power and a responsible global

power.India along with five other emerging

economies will contribute over 50 percent

to the global growth by 2025 and theinternational monetary system may not be

dominated by any single currency by that

time, a World Bank report said.The six

emerging economies -- Brazil, China, India,

Indonesia, South Korea, and Russia - will

leverage growth in lower income countries

via cross-border commercial and financial

transactions over the period. The six

emerging countries will grow on an

average by 4.7 percent annually between

2011 to 25 as the economic power.China

and India are likely to be the main flag

bearers among emerging market growth

poles in the years ahead, according to thereport. The combined real output of six

major emerging economies will match

that of the euro area by 2025.The most

likely global currency scenario in 2025 will

be a multi-currency, once centered around

the dollar,the euro,and the renminbi.

THE DAILY NEWSwww.dailynews.com THE WORLDS FAVOURITE NEWSPAPER - Since 1879

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FINANCE AND ACCOUNTING

CAREERS FINANCIAL MANAGERS OR FINANCIAL ANALYSTS

Financial analysts and managers use historical (accounting) data in their

decision making

Role of the financial manager is to oversee the production of financial analysis

and reports to help the company with decision making, business development,

strategic planning, and alliance management.

ACCOUNTING MANAGERS

Accounting managers have responsibilities relating to tax reporting and

management, and creating income statements inside of controller and audit

groups.

Professional accountants working for a public accounting company will

perform functions similar to those performed by independent audit or tax

consultants.

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CAREERS Corporate Controllers

Accounting managers working in a corporate setting performresponsibilities relating to tax reporting and management, and creatingincome statements inside of controller and audit groups.

Professional accountants working for a public accounting company willperform functions similar to those performed by independent audit or taxconsultants.

Chief Financial Officers

The top financial executive of an organization is the CFO.

The CFO supervises all accounting and financial operations, as well asadministering the companys general financial policies and strategies.

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CAREERS Investment Bankers

An investment banker will work together with corporations needing capital to

grow and institutions or investors who have money available to invest.

Most investment banks have a corporate finance division that assists clients in

structuring financial instruments such as stocks or bonds to raise capital.

Credit Managers and Specialists

The Credit manager is in charge of managing the credit a company may issue to

its clients or others.

Credit managers formulate criteria for rating risk and credit, determine themaximum amount of credit to offer, and supervise past-due account

collections.

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CAREERS Forex Management Indian Companies have been increasingly attracting foreign capital either

through listing on international stock exchanges or through private equityplacements.

Insurance Apart from career opportunities available with insurance companies

employment avenues are also open in corporate sector, stock broking firms,finance companies, shipping companies etc.

Actuarial: An actuary holds one of the most important position in an insurance

business. He is involved in solving wide range of financial problems relatedwith insurance investments, financial planning and management.

Underwriting: The life and non-life insurance segments require professionalunderwriters. Underwriters assess the risk in the business and takes care ofrisk management.

Investment: Like banks and mutual funds, investment professionals will berequired in insurance sector as well.

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TOP 10 CARRERS IN

FINANCE

Financial

manager

Corporate

banking

Wealth

manage-

ment

Retail

banking

Corporate

finance

Private

equity

Investmen

t banking

Fund

manage-

ment

Equity

research

Project

finance

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TOP 10 CARRERS IN FINANCE

Private Equity

The role of private equity is to raise funds from large investors and invest the money

directly into businesses.

Investment Banking

Investment Banks help companies and governments issue securities, help investors

purchase securities, manage financial assets, trade securities and provide

financial advice.

Fund Management

As a fund manager, one is an important decision-maker typically at a mutual fund.sets, trade securities and provide financial advice.

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Equity Research & Sales

The role of equity research is to find out the correct value of the stock which istrading on the stock exchange doing various types of research namelyfundamental and technical analysis

Project Finance & Debt SyndicationThis role entails arranging for long-term finance for infrastructure and industrial

projects which will take a long time to pay back.

Financial Risk Management:

Financial risk management is the practice of creating economic value in a firm by usingfinancial instruments to manage exposure to risk, particularly credit risk andmarket risk.

Corporate Banking

This role entails the entire plethora of banking services required by corporate.

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Wealth Management

Wealth management is an investment advisory discipline that incorporates

financial planning, investment portfolio management and a number of

aggregated financial services.

Retail Banking

Also known as consumer banking, it entails dealing with products / services for

individual customers. So the scope encompasses getting business for products

such as credit cards, savings accounts, personal loans and auto loans.

Corporate Finance

A career in corporate finance means you would work for a company to help it find

money to run the business, grow the business, make acquisitions, plan for its

financial future and manage any cash on hand.

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FACTS AND FIGURES

2006- Salary hikes up to 50-60% .

2007-The highest ever package of Rs 1.36 crore was given to one of the students of

IIM Kolkata by a leading international investment bank

Smaller Indian finance give 20 to 30 lakhs per annum to IIM graduates .

The global package for the IIIMs have crossed 1.26 crores and the average

domestic pay package hovers around Rs 25 lakhs.

2008- Finance professionals in India got the highest pay hikes in all of Asia.

Chief finance officers recorded the highest growth of 25% in Asia

Finance controllers, treasurers and finance executives saw their salaries go up by

28%.

MDs salary level-1 crore-4.5 crores.

Two recent recruit in Reliance Retail was at Rs. 4.5 & 4.2 crore respectively.

DSP Merill Lynch offered a top salary of 4 crore and last year Standard Chartered

Bank offered Rs. 4 core as well.

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FACTS AND FIGURES

2009-A One crore package is now quite common place.

At Indian Institute of Management , Bangalore a student got an offer of Rs. 85 lakh($ 1,93,000) from Barclays Capital.

At ISB-Indian School of Business Hyderabad the highest salary was over Rs. onecrore.

This year PPOs - pre-placement offer by the finance companies has been all timehigh.

With HSBC leading the way with highest pay package of 14.5 lakhs per annum,other companies like GE Money-8.5 lakhs, Edelweiss Capital, ICICI prudential -(Rs.8lakhs per annum ) have also made decent offers.-Source- FMS Delhi.

Also, compensation in the financial services sector are also driven by bonuses and

there has been a near 100% jump this year. The Financial services sector was clearly dominant this year and traditional hot

sectors as FMCG etc. came second.

Average salary offered ( TOP TIER B SCHOOLS) was in the range of 8-10 lakhs andaverage foreign salary was in the range of $75,000-$1,00,000 per annum.

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TIPS FOR FINDING YOUR

FIRST FINANCE JOB

Work The Employer AngleNetworking 101Make Something Out Of A LittleFinding A Job Is A Job

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CONCLUSION

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Thank you!

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