India has a wide range of career options to choose from. Students nowadays are in dilemma as to which stream should they pursue which can have a good pay scale as well as a good growth opportunity for future.
One of the most widely chosen streams is the Financial Market Sector. With increasing financial awareness amongst the youth and growth in the financial market participation, it has driven the students to this stream of education.
There is an increasing trend of graduates in the commerce and finance domain ever year. Apart from the commerce and finance graduates many candidates are even shifting to the finance domain gauging the wide range of opportunities available in the field.
Thus, for the aspiring candidates it is important to know the various options which is available in this field instead of following the rat race of chasing the herd.
Scope of Career in the Financial Markets:
The financial market is a stream which is still in the path of growth as India’s savings to GDP ratio is very minimal compared to other countries. The rapid expected growth potential in the financial sector calls for huge workforce in this growing domain. Thus, we can say that there is huge scope of opportunity in the financial markets.
Now let’s have a look at the various career prospects for someone who wants to make a career in the Financial Markets:
This is a beginner level job for a person who is mostly interested in trading but does not have enough capital. It includes buying, selling or holding shares on behalf of the clients. One has to know the price action of the markets in order to work smoothly in this area. Mostly the job will be to advice clients on the stocks which would make money for the clients as well as generate brokerage for the company too. This position is found only in the Securities Companies like HDFC Securities, Kotak Securities etc. A dealer can work in any field of Equity, Commodity or Currency segment. He also has to have an idea of the derivative segment as it involves mostly trading in the Futures and Options Segment. One has to pass the NISM’s Series VIII (Derivatives Module) to get into this position.
Primary role of a Financial Advisor or an Investment advisor is to guide clients in making their investments according to the client’s risk profile and current market conditions. One has to have a thorough knowledge about the current market conditions and the various investment opportunities available in the market. Good knowledge of financial planning skills is one of the key requirements in order to be successful in this designation. Courses like CFP or NISM’s Investment Advisor will help a candidate to kick start his career in this field.
Basic Level Certification course you can check NSE Academy Certified Capital Market Professional (ENCCMP)
One of the niche roles in the field of finance where one has to have deep insights in the field of Finance is capital markets, Quantitative Ability and Financial Modelling. A person with an MBA in Finance from top tier B schools/ CFA/ FRM or CA degree are normally recruited by the Investment banking companies to work as a banker. Often a highly paid and stressful job which requires immense dedication, patience and hard work. The role is to advice on an IPO, Merger or acquisition etc.
Portfolio Manager or Fund Manager
These people have the responsibility to trade in the markets on behalf of the investors to generate returns from them. One normally starts off with a low level advisor job in any financial institution and with experience grows up the ladder to become a fund manager after 10 or 12 years of experience. Often MBA in Finance along with CFA or CA is preferred to become a buy or sell side fund manager in an institution.
Candidates who are willing to be a fund manager or a portfolio manager in the future has to work as analyst in their professional career for a good amount of the time. Working as an analyst requires gathering information, data and compiling those in spreadsheets.
NISM’s Research Analyst exam has to be cleared in order to work as Research Analyst at any firm.Full time trader: Finally one can also choose to take up professional trading. Though it might sound cool to some but it is not an easy path. It takes a lot of dedication, perseverance, hard work and skill to sustain as a full time trader. Many people start off to take up this field but eventually end up losing all their capital. Proper analysis of the market along with Money and Risk management is necessary to be consistent and successful in this profession.
Kredent Academy’s Certified Professional TraderCourse helps an aspiring trader to get proper training on the various dynamics of taking up full time trading as a career.
- With the growing financial awareness, students are starting to take up career in financial markets. But as it has a vast scope of study, it becomes difficult to choose from wide array.
- The Finance and even non finance graduates can also take up this field as their profession. Ranging from professional trading to portfolio management one can take up any career as they want according to their interest.
- One can start his career normally working as an investment advisor then with experience and professional degree might even get a chance to work as a portfolio manager and end the career being a Chief Investment Officer in any big Mutual Fund organisation.
- The Financial Markets has a wide array of opportunities for the deserving candidates who want to learn and grow in this particular specialised field in Finance domain.
Article Contributed by Elearnmarkets.com
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