CAREER IN FINANCE
“Finance is the life blood of the business” and there is no second thought on it. Each aspect, each move, each department of the company depends on money, money being the core resource of any business unit. Unless there is appropriate management in utilization of funds you cannot expect any favorable returns from the business. In today’s scenario when the world is facing economic crises, time demands efficient management of cash both in business as well as in our day to day life.
For young aspiring buds those who are more fascinating with numbers, money minded, and smart in utilizing the money properly to gain more you need to open the doors leading towards the world of finance. Young and enthusiastic mind can make a career in Finance. There is lots of different interesting, challenging fields in finance itself which one can go in for specialization and there by blooming in masters in the field opted.
Some of the specializations in finance wherein you can explore are –
- Commercial Banking
- Corporate Finance
- Financial Planning
- Insurance
- Investment Banking
- Money Management
- Real Estate
MBA in finance can offer you various possibilities in the professional level. Finance Graduates can look for most potential jobs in Investment Banks, Corporations, Securities firms etc.
Most Promising candidate can hold following positions in Finance Department:
- Chief Financial Officers: CFO is the top most financial executive of an organization who is responsible for the overall financial management duties. The CFO’s keen role involves supervision of all accounting and financial operations including the company’s general financial policies and strategies.
- Financial Managers or Financial Analysts: Financial Analysts studies the past accounting data to analyze and produce reports for the company to take appropriate decisions with regard to maximize profit and reduce risk. Financial Managers also play important role mergers and expansion of the company and help the company to grow positively.
- Accounting Managers: Accounting Managers responsibilities lies in preparing income statements and tax management. Successful Accounting Manager can look ahead in their career following positions – Corporate Treasurer, Tax Consultant or CFO.
- Treasurers and Finance Officers: Treasurers and Finance Officers with some banking experience are responsible for financial objectives and budgets. The financial officer formulates various strategies to raise capital and steps to manage company’s capital investment activity.
- Cash Managers: The Cash Manager is responsible for controlling cash flow in the business. The Cash Manager has to ensure that company is to sufficient to meet the current requirements as well as unexpected needs.
- Risk and Insurance Managers: Every business and every single transaction involves certain amount of risk. The main responsibility of Risk and Insurance Managers to minimize the amount of loss a company incurs and the amount of risk it is exposed to.
- Credit Mangers: The Credit Managers is in charge of managing the credit worthiness offered to the clients. Credit Managers set a criteria for rating the risk involved, determine the maximum amount of credit to be offered, supervise the over dues and push for collections to settle the accounts.
I wish each student a successful career in Finance.
All The Best!!!
- Geeta Nair, Mumbai.
