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FINANCE

 
Banking -- Personal Banking
-- Corporate Banking
-- Merchant Banking
-- Rural Banking
Investments -- Investment Banker
-- Mutual Funds
-- Stock Brokers
-- Capital Market Manager
-- Asset Manager
-- Forex Dealer
-- Venture Capitalists
-- Real Estates
Insurance -- Actuary
-- Insurance and Risk Management
-- Insurance Surveyor
-- Insurance Underwritter
Accountancy -- Chartered Accountant
-- Chartered Financial Analyst
-- Cost and Work Accountant
Economics -- Economists

Work opportunities in banking

Work opportunities in investments

Work opportunities in insurance

Work opportunities in accountancy

Work opportunities in economics

THE PROFESSION

Banking offers a neat, clean, peaceful and dignified work atmosphere and lifestyle. The earlier concept of banking includes dealing with custody, receipt and transmission of money, a bill of exchange and loans. But today the business of banking is gone much beyond the olden days. Competition, Technology and Population have now given rise to many new innovative and customer friendly methods of banking making this sector a large employment provider.


The main nature of work of a staff in a bank includes keeping records of business, personnel accounts, installment loans, mortgages , providing customer services such as payrolls and inventory accounting.

BANKING

The various kinds of banking include:

Personal Banking

Personal Bankers provide a range of financial services including personal loans, home loans, insurance policies, investment schemes, pension funds and advice to customers on various financial matters.

For Eligibility and Institutions Click Here

Corporate Banking

Corporate Bankers understand the financial requirements and needs of corporates and government agencies. They have to deal not only with credit and advances, trade finance and foreign exchange management but also asset management, lease or financing of heavy equipment, infrastructure, credit risk assessment, etc.

For Eligibility and Institutions Click Here

Merchant Banking

The primary activity of a merchant banker is Investment Management. It could be on behalf of corporate clients or institutional investors-like pension funds, investment trusts or those in the securities business.

For Eligibility and Institutions Click Here

Rural Banking

As a banker in the rural sector one will be in charge with the banking and credit needs of people in the rural sector. Responsibilities also include managing portfolios, providing banking services and support to farming customers.

For Eligibility and Institutions Click Here

Eligiblity for Personal Banking, Corporate Banking, Merchant Banking and Rural Banking :

  • Graduation in any subject - Bank Probationary Examination - Probationary officer in a bank OR
  • Graduation in any subject - MBA or equivalent qualification with specialisation in Finance.
  • Apart from these, banks also take people from various specialised fields such as Economics, Chartered Accountancy, Chartered Financial Analysis, Agricultural Science and Engineering, Engineering, Rural Management and Social Work

Institution for Personal Banking, Corporate Banking, Merchant Banking and Rural Banking:

  1. Bankers Training College, Reserve Bank of India,Veer Savarkar Marg, Dadar (W), Mumbai - 400 028, Tele:022 4302361
  2. National Institute of Bank Management (NIBM), Kondhwe Khurd, NIBM P.O., Pune 411048, FAX:0091-20-26834478 Tel: 0091-20-26833080(-87) Website: www.nibmindia.org(Banking)
  3. Institute for Development and Research in Banking Technology (IDRBT), Castle Hills, Road No.1, Masab Tank, Hyderabad-500 057, E-mail:cahelp@idrbt.ac.in Tel:- +91-40-23534981-4 (Banking)

For More Institutions Click Here

Work Opportunities in banking

You could find employment in any of the following banks

  • In various private sector banks like HDFC, IDBI, ICICI,  Centurion, UTI Bank etc.
  • In various multi national banks like Citibank, American Express Bank, ABN-AMRO Bank, Standard Chartered Bank, etc.
  • You will find opportunities in public sector and nationalised banks like the State Bank of India, Bank of Baroda, Allahabad Bank, Bank of Maharashtra, Central Bank of India, Canara Bank, etc.
  • You can find work in various co-operative banks like Bharat Co-operative Bank, Saraswat Bank, etc.
  • In the public sector you can even work for speciality banks like the National Bank for Agriculture and Rural Development (NABARD), Gramin Banks, Industrial Reconstruction Bank of India, etc.
  • You can also work in regulatory banking authorities like Reserve Bank of India and its regional branches.

INVESTMENTS

Investment Analysts include people who like money and guiding people on getting better returns. Stock markets are like market places where stockbrokers buy and sell securities of individuals and institutions. As the opportunities are many, with a wide choice of organizations and jobs to choose from, the nature of work of professionals in this sector will include:

Investment Banker

An Investment Banker's job involves advising companies on capital formation, mergers, acquisitions, investments and managing capital assets. They look into the financial aspects like advising a company or a client on financial transaction, researching the company's background and the market before making any investments, analyzing and making recommendations to the company based on the market and competitors etc.

For Eligibility and Institutions Click Here

Mutual Funds

People working in the mutual fund sector have both marketing and investment function.

For Eligibility and Institutions Click Here

Stock Brokers

Stock brokers commonly divide their operations between private clients and institutional work. Some of them act as dealers i.e. client investment managers, while others are principally advisors i.e. equity sales advisors.

For Eligibility and Institutions Click Here

Capital Market Manager

The main duties in this area would include price discovery, liquidity, resource allocation and economizing transaction costs. As a Capital Markets Manager one will be responsible for dealing not only with capital markets participants and stock exchange but also regulatory bodies and academic institutions related to the capital market.

For Eligibility and Institutions Click Here

Asset Manager

As financial planners, they employ a step-by-step financial planning process to guide one towards their financial life goals such as buying a house, child's education, buying a company, etc. They determine the present condition of the client and advise them on further investments thereby developing a financial plan for the client.

For Eligibility and Institutions Click Here

Eligiblity:

  • Graduation in any subject - Bank Probationary examination - Probationary officer in a bank OR
  • Graduation in any subject - MBA or equivalent qualification with specialisation in Finance.
  • Apart from these, banks also take people from various specialised fields such as Economics, Chartered Accountancy, Chartered Financial Analysis, Agricultural Science and Engineering, Engineering, Rural Management and Social Work

Institution:

  1. Indian Institute of Financial Planning & Management, A division of Jain Group of Institutions, # 111- 1, Atria Towers, Palace Road, Bangalore - 560001, India Tel: + 91-80-22353216,22353217 Extn. 120 E Mail: iifpm@iaingroup.info Website: www.jgi.ac.inliifprnlindex.htm (Financial Planning) University of Mumbai, Goa, Chennai (Insurance & Actuary)
  2. Guardian Institute of Financial Planning (GIFP), Plot No. 148, 3rd Main, 1st block Koramangala, Bangalore- 560034, Tel: 080-25630833 E-mail: learning@guardadvisors.com, training@guardadvisors.com
    Website: www.guardinstitute.com (FinancialPlanning)

For More Institutions Click Here

Forex Dealer

The main duties include handling press, corporate brokers and inter bank dealers. The job also includes quoting merchant transactions keeping in mind the profit factor, make transactions over the internet, talking to corporate clients, writing inter-bank deals and daily deals with the backup department.

For Eligibility Click Here

Institution:

  1. Institute of Chartered Financial Analysts of India (ICF AI), 52, Nagarjuna Hills, Hyderabad 500 082 Tel: 040-23435368/70/72/73/74 Website: www.icfai.org (Chartered Financial Analyst, Forex)
  2. The Association of Certified Treasury Managers (ACTM) 52, Nagarjuna Hills, Hyderabad 500 082 Tel: 040-23351071, 3411, 3413, 4502 Fax: 040¬2335-2521 E-mail: info@actmindia.org . Website: www.actmindia.org (Forex)

For More Institutions Click Here

Venture Capitalist

The Venture Capitalist's main area of work will be to analyze the venture proposals submitted by entrepreneurs. Venture Capitalist firms work on two principles.. Firstly, they raise money from various wealthy individuals, corporate organizations, financial institutions like banks and other sources like non-profit funds to build up a corpus fund. Secondly, this fund is utilised by the firms to finance start-up organisations.

For Eligibility and Institutions Click Here

Real Estate

The job of a realtor includes brokering, appraising, advising or managing property for Residential/ Commercial premises. Further, it involves keeping up-to-date knowledge about property prices and potential buyers and sellers in a particular area.

For Eligibility and Institutions Click Here


Eligiblity:

  • (10+2 in any Stream - Graduation - MBA with specialisation in Finance/ Masters of Business Finance/Masters of Business & Control)
  • 10+2 in any stream - Graduate in any subject -MBA/equivalent courses with specialisation in Finance/ Marketing.
  • 10+ 2 in any stream - Graduation in any subject - MFA/ MA in Finance/MFC/related course.
  • 10+2 in any Stream - Graduation with Chartered Accountancy 10+2 in any Stream - Graduation - P.G Diploma in Equity Research & Analysis /Chartered Financial Analyst Course
  • Graduation in any subject - Bank Probationary examination - Probationary officer in a bank - 2-3 years of experience

Institution:

  1. New Delhi 3rd Floor, Naurang House, Right Wing, K.G. Marg, Connaught Place, New Delhi - 110001 Tel: 011-51617900,42496900, Website:www.icfpindia.org/main/index.php (Financial Planning)
  2. Ritu Nanda Insurance Service Pvt. Ltd. (RNIS) Corporate Address: 202 Okhla Industrial Area phase III, New Delhi- 110020 Tel: 011-26828035, 26821618, 26830883 Website: www.miscollege.com/mis/contactus.htm (Financial Planning)

For More Institutions Click Here

Work Opportunities in investments

  • Broking Firms & Pension Funds
  • Mutual fund firms like Prudential ICICI, Birla Sunlife, SBI Mutual Fund etc
  • Insurance companies like ICICI Prudential, METLlFE, LIC etc
  • Investment banks like HSBC, Goldman Sachs, Deutsche etc
  • Consultancies like Mckinsey, Boston Consulting Group (BCG), Accenture
  • Finance corporations & Merchant banks
  • Equity Research Firms like Motilal Oswal, DSP Merrill Lynch, Kotak securities
  • Foreign institutional Investors
  • You could also prepare market report and analysis for magazines and newspapers.

 INSURANCE

Insurance is a method of compensating for losses arising from various misfortunes such as accident, fire, theft, riots, natural calamities and so on. It is based on the principle that many more people pay regularly into a common fund than ultimately draw from it and, thus the losses of the unlucky few may be made good. The organizers of the system are the insurance companies.
Major openings under this area of work would include:

Actuary

Actuaries are professionals who, using probability theory, mathematical, statistical and financial techniques, analyse the financial consequences of risk, in order to enable businesses to make better decisions. An Actuary assesses the financial impact of uncertain future events by methodically analyzing the past, modellng the future and quantifying the likely range of financial outcomes from different future events.

Eligiblity:

  • 10+2 with Physics, Chemistry, Maths/ Maths & Statistics - B. Sc. in Actuarial Science/ B. Sc. in Mathematics/ Statistics/ B. Stat -> M. Sc. in Maths/ Statistics/Actuarial Science/M. Stat.
  • Moreover, you have to be a member of the Actuarial Society of India

Institution:

  1. Amity School of Insurance and Actuarial Sciences, NODIA CAMPUS Amity Admission Office, Sector - 44, Nodia - 201303 (U.P.), Tel: 1600¬110000 Email: admissions@amitV.edu LUCKNOW CAMPUS Amity Admission Office, Viraj Khand 5,Gomti Nagar Scheme,Lucknow - 226010 (U.P.), Tel. 0522 - 2721931 132
  2. Website: www.amity.edu/asias/
  3. IILM Institute for Higher Education, Lodhi Institutional Area, Lodhi Road, New Delhi 110 003 Tel: 2464 7820 Website: www.iilm.edu
  4. Indian Institute of Financial Planning & Management, A division of Jain Group of Institutions, # 111- 1, Atria Towers,Palace Road, Bangalore - 560001, India Tel: + 91-80-22353216,22353217 Extn. 120 E Mail: iifpm@iaingroup.info Website:www.jgi.ac.inliifprn/index.htm (Financial Planning)University of Mumbai, Goa, Chennai (Insurance & Actuary)
  5. National Insurance Academy, 25,Balewadi, Baner Road, NIA PO, Pune 411 045, Tel: 20-27204000/4444 Email: niapune@vsnl.com Website: www.niapune.com(lnsurance & Actuary)
  6. Bharathidasan University, Palkalaiperur, Tiruchirappalli-620024, Tamil Nadu, tele: 0431-2407048/92 Website:www.bdu.ac.in (Insurance& Actuary)

For More Institutions Click Here

Insurance & Risk Management

Risk managers play an essential role in an organization as they assess 'the risk with respect to taxation, losses, other unforeseen difficulties involved before making financial' investments or undertaking new projects. Their involvement would include in Risk Management, Investment Management, Insurance Marketing, Underwriting Management, Insurance Broking, Strategic Management, Insurance Consulting and Insurance Management

Institution:

  1. The ICFAI University - Institute of Certified Risk and Insurance Managers, 52, Nagarjuna Hills, Punjagutta, Hyderabad - 500082 Tel: 040-23430431/32/33/34 Website: www.icrimindia.org (Insurance & Actuary & Risk Management)
  2. Institute of Insurance and Risk Management, Plot No: 1149,Road No.57, Jubilee Hills,Hyderabad-500033, Andhra Pradesh, Tel: +91 4023556470, 23600578 Fax: +91 40 23556471 Email: email@iirmworld.org.in Website: www.iirmworld.org.in(lnsurance & Risk Management)

For More Institutions Click Here

Insurance Surveyor

These qualified professionals are deputed for the assessment of losses. They are the link between the insurer and the insured. They assess the actual loss and avoid false claims filed by the insured and help genuine persons who have incurred losses to claim their insurance. Surveyors are not employees of the insurance companies rather they are independent professionals who are hired by the insurance companies.

Eligiblity:

  • Fellowship or Associateship of the Institute of Insurance Surveyors and Adjustors (IISA), Mumbai.
  • 'Fellowship or Associateship of the Institute of Chartered accountants or Cost and Works Accountants.

For Institutions Click Here

Insurance Underwriter

An underwriter reviews insurance applications and decides whether they should be accepted or rejected. Further they also work to establish appropriate premium rates, and to write policies that cover these risks. The need for insurance underwriters will always be in demand as long as the insurance industry prevails.

Eligiblity:

  • 10+2 in any stream - Graduate in any subject - Postgraduate programme in Risk and Insurance management Finance/ Marketing and related Management courses.
  • A strong background in commerce/ finance is an added benefit while doing the postgraduate program.

For Institutions Click Here

Work Opportunitiesin insurance:

  • Life Insurance companies like METLIFE, Bajaj Alliance, Aviva Life Insurance. Tata AIG, AMP SAMNAR, Max New York etc
  • General Insurance companies like IFFCO TOKYO, Reliance, ICICI Lombard etc
  • Insurance Brokerage companies like Brooklyn Insurance and Landmark Insurance
  • Health services companies like Paramount Health Services.
  • Challenging careers exist in a growing number of fields ­insurance consulting firms, government, banks and investment firms and large corporations.
  • Specialist insurance surveying firms and risk management consultancies .

ACCOUNTANCY

Accountancy tends to be a very stable profession, as financial reports must be generated whether the business situation is bad or good. As demand for financial information increases with the emergence of a global economy, the field grows larger. Accountants plan, budget for analyzing, verification and interpret financial transactions. They are also responsible for ensuring that the records of these transactions are kept so that the information can at any time be extracted from them.

Chartered Accountant

As a Chartered Accountant your main duties involve writing up of accounts and preparation of financial statements. Other duties involve auditing, costing and taxation. You may also be called upon to investigate the financial position of a business house for the purpose of issue of new shares, mergers, acquisitions and liquidation of companies. Your advice will be required in areas of policy making and performance management.

Eligiblity:

  • After Class 10 Register for CPT - Appear for CPT after class 12 - 3 ½ years Articleship + PCE - Final C.A

Institution:

  1. The Institute of Chartered Accountants of India Head office - Indraprastha Marg (Near - Income Tax Office), Post Box No. 7112, New Delhi - 110 002 Website: www.icai.org (Chartered Accountancy)
  2. Institute of Chartered Financial Analysts of India (ICF AI), 52, Nagarjuna Hills, Hyderabad 500 082 Tel: 040-23435368/70/72/73/74 Website: www.icfai.org (Chartered Financial Analyst, Forex)
  3. The Institute of Cost and Works Accountants of India, 12 ,Sudder Street, KolKata -700 016 Tel: 033-22441031/34/35,22521602,22521492 Email:sdicwai@vsnl.net Website:www.myicwai.com

For More Institutions Click Here

Chartered Financial Analyst

The skills that are required in this area would include financial and management accounting, project planning, investment management etc. The various sub areas where one could work in would be Corporate Finance & Control, International finance and risk management, Portfolio management, Financial services.

Eligiblity:

  • Graduation in any subject (students in their final year of bachelors degree course can also apply) - CFA course.

For Institutions Click Here

Cost and Work Accountant

The Cost & Work Accountant's main area of responsibility would be to management of costs in an organization. These professionals deal with collection, classification, analysis and interpretation of cost related data to help the top management in making the right decision at the right time. They will look into costing of products and services, planning and implementation of effective cost management systems, inventory control, optimization of costs associated with various aspects, investment analysis, project management, internal audit of business transactions, etc.

Eligiblity:

  • 10+2 in any stream - ICWA Foundation course - ICWA
    Intermediate course - ICWA Final course OR
  • 10+2 in any stream - BA/ B.Com/ B.Sc - ICWA Intermediate course - ICWA Final course

For Institutions Click Here

Work Opportunities in accountancy:

  • Any Big 4 firms like Ernst and Young, PWC, Deloitte & KPMG
  • Chartered Accountancy Firms like M.S Kulkarni & Associates, Haribhakti & Co
  • Consultancies like Mckinsey; Boston Consulting Group (BCG), Accenture
  • Law Firms like Mulla and Mulla
  • Banks and Financial Institutions like Deutsche Bank, HSBC, Corporate ICICI etc
  • KPO's and BPO's like Morgan Stanley; Lehman Bros, JP Morgan Chase,
  • Equity Research Firms like Motilal Oswal; Brics Securities; DSP Merill Lynch; Jp Morgan; Kotak securities
  • Running own practice
  • Tax Advisory

Institutions

Following are the list of institutes for Finance. The list however is indicative and not exhaustive.

Top Colleges

ICFAI Business School, 45, Nagarjuna Hills Punjagutta, Hyderabad­500082.Tel: 040-23435328/29/30/45 Fax:040-23435347/48 Email: cpadhq@icfai.org Website:www.ibsindia.org

Narsee Monji Institute of Management, V. L. Mehta Road, JVPD Scheme, Vile Parle (W),Mumbai - 400 056. Tel: 022-2613 4577 12618 3688 Extn. 175/201Email: enquirv@nmims.edu Website: www.nmims.edu

Jamnalal Bajaj Institute of Management Studies Backbay Reclamation, Mumbai 400020 Tel: 022 - 22024133 122024118/22025153 Website:www.ibims.edu

Birla Institute of Management Technology (BIMTECH) Plot No.5, Knowledge Park -II, Greater NOIpA -201306 Tel: 0120-2323001-10 Fax: 0120-2323022/25 Website: www.bimtech.ac.inl E-mail: bimtechindia@vsnl.com

For More Institutions Click Here

ECONOMICS

Economic activity forms the foundation of national and international development. Economics is concerned with international development. Economics is concerned with the study of productive recourses – their organization, utilization, and distribution – both nationally and internationally. It includes the study of political, industrial and social relationship and of economic theories, process and institutions.

Economists

Economists work in a variety of setting, for example: they may be involved in market research, in equity research in the financial services sectors, in rural development, in demographic studies and in the formulation of economic analysis and policies. Services of economists are utilized by government organizations as well as the public and private sector organizations.

Eligiblity:

  • 10+2 in any stream - BA/ B. Sc. in Economics - MAl M.Sc. in Economics OR
  • 10+2 in any stream - Graduation in any subject - Master of Business Economics OR
  • 10+2 Physics, Chemistry, Biology - B. Sc. in Agricultural Science - M. Sc. in Agricultural Economics OR
  • 10+2 with Physics, Chemistry, Maths - B. Sc. in Maths/Statistics - M. Sc. in Maths/Statistics - M. Tech in Quantitative Economics.

For Institutions Click Here

Work Opportunities in economics:

  • Banks including private, public and Global banks like World Bank, Asian Development or in Multinational Banks like Citibank, Grindlays Bank, ABN Amro, Standard Chartered Bank, American Express Bank, etc.
  • Business/Economic Journal, Newspaper or News agency like Star News, Economic Times etc
  • Export Promotion Councils
  • Research Institutions and University Departments like CMIE (Center for Monitoring Indian Economy), NCAER  (National Council for Applied Economic Research), etc. in both the government and private  sector utilise the services of an Economist for research.
  • Government Jobs: Departments and agencies like Census, and autonomous institutions like insurance companies, Labour Commissioner's directorate, Planning and development organisations, etc. need Economists.
  • Non-governmental Organisations (NGOs)

 
 
 

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