Careers in finanCe

Presented By Group No7

Careers in finanCe
GROUP MEMBERS AFSHA RATANSI 20 ANAM SAYED 23 NIDA ULDAY 26 ANURAG NAIR 33

INTRODUCTION
Essentially perceived as a back office record keeping job, has become much more challenging with the liberalization of the Indian economy. It is seen as a career that provides a greater role in decision making, planning and controlling operations in any organization.

Acquiring an appropriate professional qualification is the first positive step towards a successful career.

THE DAILY NEWS

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New Risk Management Jobs to be Seen into Banking Sector in 2011 onwards
Risk management is a mirror of efficient corporate governance of a financial institution. Globalisation and significant competition between foreign and domestic banks, survival and optimizing returns are very crucial for banks and financial institutions.Most banks in India foreign, private or government-owned are gearing up to expand and strengthen their risk management work after the global financial crisis. . This tends to create a new set of jobs. Besides, the financial crisis, a spate of scams in the banking sector in the recent times has also forced banks to strengthen their risk operations Banks' operational risks include loss resulting from inadequate or failed internal processes, people and systems or from external events.Citibank and Standard Chartered are among those,which are seriously looking at expanding the risk operations.The Indian Banks' Association (IBA) has also proposed to chalk out a new way to verify the authenticity of documents provided by loan applicants. The IBA has also written to the Institute of Chartered Accountants of India (ICAI) seeking suggestions on the same.Banks are expected to increase headcounts for the risk operations as well
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THE DAILY NEWS

www.dailynews.com

THE WORLDS FAVOURITE NEWSPAPER

- Since 1879

India along with other emerging economies to lead global growth by 2025
India is a leader in Asia and around the world, said President Barack Obama.It is s a rising power and a responsible global power.India along with five other emerging economies will contribute over 50 percent to the global growth by 2025 and the international monetary system may not be dominated by any single currency by that time, a World Bank report said.The six emerging economies -- Brazil, China, India, Indonesia, South Korea, and Russia - will leverage growth in lower income countries via cross-border commercial and financial transactions over the period. The six

emerging countries will grow on an average by 4.7 percent annually between 2011 to 25 as the economic power.China and India are likely to be the main flag bearers among emerging market growth poles in the years ahead, according to the report. The combined real output of six major emerging economies will match that of the euro area by 2025.The most likely global currency scenario in 2025 will be a multi-currency, once centered around the dollar,the euro,and the renminbi.
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FINANCE AND ACCOUNTING CAREERS

FINANCIAL MANAGERS OR FINANCIAL ANALYSTS Financial analysts and managers use historical (accounting) data in their decision making Role of the financial manager is to oversee the production of financial analysis and reports to help the company with decision making, business development, strategic planning, and alliance management.

ACCOUNTING MANAGERS Accounting managers have responsibilities relating to tax reporting and management, and creating income statements inside of controller and audit groups. Professional accountants working for a public accounting company will perform functions similar to those performed by independent audit or tax consultants.

FINANCE AND ACCOUNTING CAREERS

Corporate Controllers Accounting managers working in a corporate setting perform responsibilities relating to tax reporting and management, and creating income statements inside of controller and audit groups. Professional accountants working for a public accounting company will perform functions similar to those performed by independent audit or tax consultants. Chief Financial Officers The top financial executive of an organization is the CFO. The CFO supervises all accounting and financial operations, as well as administering the companys general financial policies and strategies.

FINANCE AND ACCOUNTING CAREERS

Investment Bankers
An investment banker will work together with corporations needing capital to grow and institutions or investors who have money available to invest. Most investment banks have a corporate finance division that assists clients in structuring financial instruments such as stocks or bonds to raise capital.

Credit Managers and Specialists

The Credit manager is in charge of managing the credit a company may issue to its clients or others. Credit managers formulate criteria for rating risk and credit, determine the maximum amount of credit to offer, and supervise past-due account collections.

FINANCE AND ACCOUNTING CAREERS

Forex Management
Indian Companies have been increasingly attracting foreign capital either through listing on international stock exchanges or through private equity placements.

Insurance

Apart from career opportunities available with insurance companies employment avenues are also open in corporate sector, stock broking firms, finance companies, shipping companies etc.

Actuarial: An actuary holds one of the most important position in an insurance business. He is involved in solving wide range of financial problems related with insurance investments, financial planning and management. Underwriting: The life and non-life insurance segments require professional underwriters. Underwriters assess the risk in the business and takes care of risk management. Investment: Like banks and mutual funds, investment professionals will be required in insurance sector as well.
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TOP 10 CARRERS IN FINANCE

Private equity Investmen t banking Fund management Equity research Project finance

Financial manager

Corporate banking

Wealth management

Retail banking

Corporate finance

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TOP 10 CARRERS IN FINANCE

Private Equity The role of private equity is to raise funds from large investors and invest the money directly into businesses. Investment Banking Investment Banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice. Fund Management As a fund manager, one is an important decision-maker typically at a mutual fund. sets, trade securities and provide financial advice.

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TOP 10 CARRERS IN FINANCE

Equity Research & Sales The role of equity research is to find out the correct value of the stock which is trading on the stock exchange doing various types of research namely fundamental and technical analysis Project Finance & Debt Syndication
This role entails arranging for long-term finance for infrastructure and industrial projects which will take a long time to pay back.

Financial Risk Management:

Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk.

Corporate Banking
This role entails the entire plethora of banking services required by corporate.
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TOP 10 CARRERS IN FINANCE

Wealth Management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services.

Retail Banking
Also known as consumer banking, it entails dealing with products / services for individual customers. So the scope encompasses getting business for products such as credit cards, savings accounts, personal loans and auto loans.

Corporate Finance
A career in corporate finance means you would work for a company to help it find money to run the business, grow the business, make acquisitions, plan for its financial future and manage any cash on hand.
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FACTS AND FIGURES

2006- Salary hikes up to 50-60% . 2007-The highest ever package of Rs 1.36 crore was given to one of the students of IIM Kolkata by a leading international investment bank Smaller Indian finance give 20 to 30 lakhs per annum to IIM graduates . The global package for the IIIMs have crossed 1.26 crores and the average domestic pay package hovers around Rs 25 lakhs. 2008- Finance professionals in India got the highest pay hikes in all of Asia. Chief finance officers recorded the highest growth of 25% in Asia Finance controllers, treasurers and finance executives saw their salaries go up by 28%. MDs salary level-1 crore-4.5 crores. Two recent recruit in Reliance Retail was at Rs. 4.5 & 4.2 crore respectively. DSP Merill Lynch offered a top salary of 4 crore and last year Standard Chartered Bank offered Rs. 4 core as well.
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FACTS AND FIGURES

2009-A One crore package is now quite common place. At Indian Institute of Management , Bangalore a student got an offer of Rs. 85 lakh ($ 1,93,000) from Barclays Capital. At ISB-Indian School of Business Hyderabad the highest salary was over Rs. one crore. This year PPOs - pre-placement offer by the finance companies has been all time high. With HSBC leading the way with highest pay package of 14.5 lakhs per annum, other companies like GE Money-8.5 lakhs, Edelweiss Capital, ICICI prudential -(Rs.8 lakhs per annum ) have also made decent offers.-Source- FMS Delhi. Also, compensation in the financial services sector are also driven by bonuses and there has been a near 100% jump this year. The Financial services sector was clearly dominant this year and traditional hot sectors as FMCG etc. came second. Average salary offered ( TOP TIER B SCHOOLS) was in the range of 8-10 lakhs and average foreign salary was in the range of $75,000-$1,00,000 per annum.
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TIPS FOR FINDING YOUR FIRST FINANCE JOB

Work The Employer Angle Networking 101

Make Something Out Of A Little

Finding A Job Is A Job

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CONCLUSION

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Thank you!

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