Careers in Finance | Top 5 Career Options you must know!


hello everyone hi welcome to the channel
of Wallstreetmojo friends today we are going to learn a tutorial on careers in
financed ever a student was coming on let it be from the bachelors their be
from masters in Mcom or let it be MBA he’s always in a dilemma that what
exactly should go for finance is wide it’s like an ocean because there are
tons of opportunity tons of areas so let’s get into details regarding this as
you can see in this picture they’re a couple of things
risk management corporate finance equity research commercial banking investment
management or asset management and Investment Banking so let’s try and
understand this see finance industry has written as exponential growth in the
past 2 decades and a number of specialized fields have appeared within
a broader domain of finance see this has also led to mushrooming of a number of
new career rules aiming at providing certain specialized service to
individuals and institutional clients which happens over here
so today Investment Banking risk management Investment Management
commercial banking Equity Research this was commercial banking equity research
and a number of other areas re that is a corporate finance special interest in
finance require people with expert knowledge and a certain skill set to
fill in the shoes this trend of continuing focus on expertise in
specific function area of Finance has made it that much more difficult to make
his choice of a career in finance here we he would attempt to provide an
overview of some of the most popular career rules in finance and what it
takes to be successful at them so we’ll start with the top careers in
finance the top careers in finance so we’ll start with the first one that is
the 1st is we’ll take as investment banking now when we talk about
investment banking investment banking bankers investment bankers usually
facility brokering of major transaction of the large institutional clients
including you can say M&A and underwriting for equities you can say
debt and debt securities to raise major capital and corporate restructuring
among the other things it is one of the most preferred career choices in finance
for the kind of the recognition that they get and the reward earned in terms
of the big pay packages and bonuses it is an intensely competitive field
requiring a combination of financial expertise excellent negotiation skills
and a high level of confidence most of the large investment banks prefer
to hire from the top MBAs with the desired skill set with 75 200 hours a
week you can just expect to this is like very normal 75 to 100 hours a week it is
considered among the poorer choices in terms of the work-life balances however
working with a large firm in one of the financial hub including like New York
London remuneration and growth prospect would easily be among the best the next
that we are going to learn is the asset management now asset managers basically they help the high net-worth individuals which are
known as a Chennai’s and institutional clients they identify suitable avenues
for the investment for the clients and to help realize their wealth creation
goals and to develop and implement long-term investment strategies to
achieve the same the perks are among the best in the industry and the demand for
the skill asset management will continue to rise and work hours are much better than
what Investment Banking was and it is making possible a good
work-life balance professionals with like CFA and CIMA certified
investment management analyst could best fit for this rule the next step we are
going to discuss is commercial banking now this career in finance that is the
commercial bank the offer a host of retail banking services to business as
well as the individuals including checking these saving accounts issuing
of Debit and credit cards along with a line of you can say LOC that is the line
of credit depending on the creditworthiness of the client so some
of the most popular rules in commercial banking sector is like you know there’s
like loan officer trust officer mortgage banker bank teller branch manager and so on and so forth so usually different skill set might be required in keeping
with the nature of this specific rule growth prospects of good in commercial
banking with moderately good to be decent pay packages for professionals in
higher or more technical position so work hours are usually among the best
especially with the PSU that is public sector units or banks now the 4th
that we are going to study is equity research that is ER equity research
basically involves the comprehensive analysis of stocks including financial
modeling and valuations you can right over here FM now a financial modeling
and value to help and decide the worth of these certain investments this work
of equity Research Analyst helps individual as well as the institutional
investors make critical investment decisions this is one of the most valued
careered rules in finance which requires insightful knowledge of
financial concepts a good amount of patience high level of ethics to be able
to carry out professional responsibilities as desired perks are
undoubtedly among the best and the work hours are really good enough as
compared to the investment banking and as compared to the asset management but
not better than commercial banking and the work hours and to maintain a very good and healthy work-life balance the next is the 5th thing that we are going to
study is a corporate finance now this career is primarily concerned
with the management of all the finance activities at the company this is much
broader in scope then invest in banking which represents only a sub domain of the corporate finance it is only it only deals with the raising major capital
through M&A right and but it also actively engages with every form of the
decision-making related to the investment capital management and other activities which help maximize the strategic growth of the organization see
corporate finance professionals could have widely differing work roles and
hence requiring the skill sets would vary so the common openings including
the financial analyst tax managers treasurer’s CFOs and and others I mean
the qualification that requires a CPA could be useful designation in
accounting related roles and CFA could be advantage for aspiring financial
analyst now the 6th that we are going to study is the risk management
now the careers in the finance have emerged as one of the key areas of the
interest which involves identifying and managing different firm of the financial
risk our risk management professionals could be engaged in broad ways financial
risk analyst analysis and different scenarios or could be working on the
financial risk modeling FRM the remuneration is among the industry’s
best and the work hours are usually decent FRM that is the financial risk
management and there is another course called PRM that is the professional risk
manager art was the best definitely financial risk management certification
which could be of a great advantage to the risk management professionals so to
make a final conclusion to all of this we can say that it would be wide to
chalk out a career plan before opting out any of the financial certifications
like CFA FRM PRM etc depending on the academics and the professional work
experience a suitable career in finance can be chosen to acquire or enhance a
certain skill set for specialized to role to build a great career in finance
it is always a best to plan and prepare for a most flashlights carrier role
which can potentially lead to higher career growth however the choice should
be based on a balancing of relevant factors to be able to successfully align
one’s skill set areas of the professional interest and the career
goals thank you everyone

3 thoughts on “Careers in Finance | Top 5 Career Options you must know!

  1. Very incorrect about commercial banking. Commercial and Institutional banking are all about credit facilities and treasury management. Middle market and specialized targets benefit from FX and off shore instruments, but it is far more than what you’ve outlined. You’ve overviewed Retail business banking (typically <1million top line annual revenue)

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