Finance Careers

Tuesday, 24. November 2009


A career in financial services is lucrative today. There is an increasing need for the financial expertise as a in areas like corporate finance, commercial banking, insurance, investment banking, money management, real estate and financial planning. Key job areas are treasury, cash management, financial analysis and credit management. 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.

Eligibility, Entrance Exams and Courses:

A Bachelor’s degree in accounting, finance, business administration or economics is needed for financial managers. However, a Master’s degree in finance, economics or risk management or a chartered accountant is preferred by most organizations. The basic qualification for MBA Course is graduation in any discipline such as B.Com, BA, B.Sc., BE/B.Tech. Common Admission Test conducted by Indian Institutes of Management; Management Aptitude Test by All India Management Aptitude Testing Service  New Delhi; Xavier Admission Test by Xavier Labour Research Institute, Jamshedpur, Joint Management Entrance Test  by Indian Institute of Technology (IIT); ATMA by the Association of Indian Management Schools are the major national level entrance examinations for admission to management courses. For details, see the websites of the above institutes.

The Integrated Common Entrance Test (ICET) is conducted in Andhra Pradesh. Ranking candidates of ICET can apply for MBA courses in various universities and institutes of Andhra Pradesh. For details, see website <appsc.gov.in>


Top Colleges Offering Courses in Business Administration:

  • Indian Institute of Management, Bangalore– Provides Post- graduate programs in Management, Software Enterprise Management or Public Administration.
  • Indian Institute of Management, Lucknow – Offers Post Graduate Program for Management students and working professionals.
  • Xavier Labour Relations Institute, Jamshedpur-Provides scope to pursue PG diploma in Business administration or Personnel Management and Industrial Relations.
  • Indian School of Business, Hyderabad- Candidates may apply for the Post- Graduate Program in Management here.
  • SP Jain Institute of Management & Research, Mumbai-Offers several programs in PGD courses.
  • Sultan-ul-Uloom College of Business Administration, Hyderabad-Offers specialized Management Programs in Business & Public Administration.
  • BLB Institute of Financial Markets

4th Floor Gulab Bhawan,

6 Bahadur Shah Zafar Marg, New Delhi-110002.

91-11-23705854-55 +91-9910907477

It offers the following Courses: Post Graduate Diploma in Financial Planning and Wealth Management, CFP,  Diploma in Stock Market trading and Operations, Diploma in Stock Analysis and  Portfolio Management.

Career Opportunities and Job Prospects:

All major banking and financial institutions such as LIC, UTI, HDFC and Stock Brokers offer lucrative careers to MBAs in Financial Investment with Risk Management as Major elective plus certification in computer analysis. Foreign banks such as ICICI, ABN AMRO, JP Morgan, Lombard, Stanley Morgan look for bright graduates from reputed B-Schools to enlist freshers as Management Trainees or Investment Analysts for Credit appraisal, leasing, mortgage services, trade credit, credit card banking, trust services, international finance portfolio management, investment advisory, sales, hedge fund trading and mutual fund analyst.

Salaries:

Indigenous private banks may offer a salary of Rs 10,000/- to Rs 15,000/-pm to freshers as Assistants at entry level. Later, Managers Cadres will be offered  Rs 20,000/- to  Rs 25,000/- pm

In foreign owned banks and MNCs, management trainees may be offered a salary of    Rs 15,000/- to Rs 20,000/- during probation. Later they will be offered a salary of Rs 25,000/- to Rs 30,000/- pm as Analysts and Portfolio Managers. They   may  reach  up to Rs 50,000/- pm when they become independent department heads.

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One Response to “Finance Careers”



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