The banking and finance sector in India is going strong with high profitability and robust capital adequacy. As the country aims to reach a US$ 30 trillion GDP by 2047, it is likely to gain significant growth in the financial services sector, especially banks.
This massive target reflects the nation's vision for economic growth and is likely to boost the scope of a career in the finance sector for young and aspiring graduates. This is also likely to open numerous high-paying job opportunities in the corporate world of finance. Finance is an ever-prominent area that stays relevant and always in demand.
In this blog, let us discuss the steps to secure a job in a finance company to enter the rewarding world of finance.
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How to Make a Career in the Finance Sector? - Guide to Start a Finance Career
Is finance a good career option? This is a question that most finance aspirants want to know before diving into a related career. Yes, finance is an excellent and rewarding field of education and career for focused and ambitious candidates. If you are looking to enter the finance sector, the first step is to acquire a UG degree in finance.
Let us take a look at the various steps that finance aspirants can take to build a career in the financial industry and get recruited by reputed finance companies:
Step 1: Get a Relevant UG Degree
A career in finance begins with a strong academic foundation. Hence, a relevant bachelor’s degree like a BBA, or BCom in finance, accounting, or economics is important to equip candidates with the core knowledge of the subject.
Step 2: Acquire Practical Experience
Practical know-how of the theoretical knowledge gained in the classroom is equally important. Hence, while studying, you can try to gain practical knowledge through internships or part-time jobs in related areas.
Step 3: Attain Special Skills Related to the Field
Developing relevant skills is also important to grow in finance. Since learning is a continuous process, staying updated especially through skill development can help in your career development.
Step 4: Enrol in a Professional Course
Professional certifications in finance can go a long way in enhancing the expertise of candidates. After your UG degrees, students can enrol for certifications like Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), etc., to increase your earning potential and career growth.
Step 5: Build Connections Through Networking
Networking is crucial for any industry as it helps develop connections. For enhanced networking opportunities attend industry events and connect with professionals through social media platforms and other opportunities possible. This may allow individuals to gain mentorship opportunities along with job leads.
Step 6: Create a Convincing Resume
When applying for a finance job, present a convincing resume along with a cover letter highlighting skills and achievements.
Step 7: Prepare Well for the Interview
Before sitting for an interview in a finance company, make sure to research the company well. Prepare mock interviews and discuss your prior experiences, your abilities, and skills if given an opportunity.
Step 8: Keep Upskilling
Being an ever-evolving field it is crucial to stay updated via upskilling to stay abreast with the latest in the industry. For upskilling you can pursue advanced certifications and short professional courses to stay ahead of the competition in this sector.
Once you follow the above steps, you can apply for jobs in reputed finance companies.
Click here to read this blog:- Salary of a Chartered Accountant
Top Jobs in the Finance Sector
Let’s take a look at the career options in finance in India for freshers and experienced candidates in top companies.
1. Entry Level Jobs:- Here are some jobs in the finance sector for freshers:
- Financial Analyst
- Credit Analyst
- Financial Planner
- Risk Analyst
- Investment Banking Analyst
2. Senior Level Jobs:
- Chief Investment Officer (CIO)
- Chief Financial Officer (CFO)
- Hedge Fund Manager
- Private Equity Partner
- Finance Director
All the above and more options are available for deserving candidates in the finance and banking sectors.
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Conclusion
Getting a job in a financial company demands candidates to have a strong academic qualification and an understanding of essential skills. Candidates with experience in the finance field can gain prominence when applying for a new role. Relevant degrees and industry-recognized certifications in finance such as ACCA, CFA, CPA, and FRM can help individuals upskill and add value to their qualifications.
For best courses in finance, you can rely on Amity University Online which offers certifications and other online degrees and diplomas in finance to boost your career scope. To learn more visit the Amity Online portal.
