Career Opportunities : Finance Management

admin — Thu, 01 Oct 2009 13:05:58 +0000

Opportunities for finance professionals can be found in public, private, and non-profit organisations. Some of the areas where finance professionals have excellent scope are Commercial Banking: With burgeoning incomes and deregulation of the banking sector, there are
a large number of banks offering a wide range of services to consumers.A career in banking offers opportunities in accounts, securities,
commodities, financial management, financial and credit analysis, and sales of financial services. Treasury management is also an important
function in banking operations.Examples of commercial banks are SBI and Citibank.
Investment / Merchant Banking: Investment bankers help companies and governments issue stocks and securities. They help investors in
buying and selling these securities and managing their financial assets. They also provide financial advice to companies and high networth
individuals. Examples of investment / merchant bankers are ICICI Bank and DSP Merrill Lynch.Money Management: Money managers hold
stocks and bonds for institutional clients. They also sell these stocks and bonds, and reinvest the funds, to ensure that their clients earn a good rate of return on the money invested. These money managers also provide clients with advice on their financial investments. Mutual Funds such as HDFC Mutual Fund and Kotak Mahindra are examples of Money Managers.

Corporate Finance: Employees working for large corporates and non-banking financial companies raise money to run the business, deploy the funds to make the existing business grow, make strategic acquisitions, and plan for the financial future of the business.Management Consultancy: Several management consultancies recruit students as consultants, who in turn help clients restructure the financial aspects of their business. They also help their clients in mergers and acquisitions. Examples of consultancies are Ernst & Young, and PricewaterhouseCoopers.Insurance: With the insurance sector opening up, there is a growing demand for finance professionals, who understand the need to help individuals and businesses manage risk to protect themselves from accidents / losses. Examples of insurance companies are Max New York and ING Vysya.

Basics Of Finance Management !

admin — Thu, 01 Oct 2009 13:01:00 +0000

Most commerce students tend to confuse the functional area of finance with accountancy. That is not the case. Both these areas are independent
of each other. The finance function broadly deals with planning for capital and raising it, allocating of capital within and outside the organisation
for maximum return on investment, budgeting, and tax planning. On the other hand,accountancy deals with accounting for the costs or
expenses associated with the resources deployed, manufacturing a product or providing a service, manpower and supply chain costs, margins, and profits.

Students who decide to do an MBA with finance as their specialisation are given a firm grounding in different subjects that cover economic analysis, statistics, methods of management accounting, financial and investment analysis, planning and budgeting, international finance, and banking. Courses in valuation methods, risk management, investment and tax planning are also offered. Students in the first year of their MBA, attend foundation courses in Economics, Business Statistics, and Finance.

There is a mistaken notion that a student with a graduate degree in commerce does well in finance.In fact, a lot of non-commerce students, such as engineers and graduates in science, take up finance as a specialisation and do well. Therefore,what should matter to students who wish to
specialise in Finance, is their interest and aptitude, and not their academic background.Students who are recruited on campus by various
companies for the finance function, join as management trainees. The designations that are assigned to them differ between companies. An
equity analyst at a stock broking firm could have a different designation at another firm, even though the job profile be the same. Finance
professionals eventually become the CFO (Chief Financial Officer) of their company. Sometimes, they may also go on to become the CEO (Chief
Executive Officer) if the company’s main line of work is finance-related.

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Career Opportunities : Finance Management

Basics Of Finance Management !