careers in finance & skillsets
Post on 05-Apr-2018
218 Views
Preview:
TRANSCRIPT
-
8/2/2019 Careers in Finance & Skillsets
1/58
CAREERS IN FINANCE &
Skill Sets required
By:
Raghunandan Helwade
-
8/2/2019 Careers in Finance & Skillsets
2/58
Agenda
Career options
Overview
Skills and talent required
Facts and trends
Job options
Certifications/Exams
Conclusion
-
8/2/2019 Careers in Finance & Skillsets
3/58
Career options
Commercial/Retail/PSU/Co-Op banking
Corporate finance
Investment banking
Asset/Wealth management
Equity research
Insurance /Mutual Fund
-
8/2/2019 Careers in Finance & Skillsets
4/58
BANKING
-
8/2/2019 Careers in Finance & Skillsets
5/58
Commercial bankingAn overview
Business of providing services to individuals, small
businesses and large organizations.
Services may include banking, leasing, trade credit,credit card banking, international finance, etc.
Variety of opportunities in jobs.
Today banking industry is much more diverse.
-
8/2/2019 Careers in Finance & Skillsets
6/58
Commercial bankingSkills & talent required
Broad understanding of business
People skills are needed Accounting skills are crucial
Communication skills are extremely important
High grades not necessary.
-
8/2/2019 Careers in Finance & Skillsets
7/58
BankingSkills & talent required
Marketing types wanted.
Corporate investment products in high demand MBA optional
Tech savvy required
No easy hours now
-
8/2/2019 Careers in Finance & Skillsets
8/58
Commercial bankingSkills & talent required
Key skills area Requirement
People skills HIGH
Sales skills HIGH
Communication skills HIGH
Analytical skills Medium
Ability to synthesize Medium
Creative ability Medium
Initiative Medium
Work hours 40-60/week
-
8/2/2019 Careers in Finance & Skillsets
9/58
Commercial bankingJob options
Operations Executive
Relationship Manager Credit analyst
Loan officer
Mortgage banker Collections
Branch manager
-
8/2/2019 Careers in Finance & Skillsets
10/58
Commercial bankingFacts and trends
Bank jobs are satisfying
RememberGovt job opportunities in banking 10000 POs & 25000 Clerks required.
Specialized banks are doing best
You may be traveling in early part of your career. Middle managers are in high demand.
MBA - An Added advantage.
-
8/2/2019 Careers in Finance & Skillsets
11/58
Exams/Certifications
Diploma in Banking & Finance by IIBF.
BANK PO/Clerk exams by IBPS/SBI.
Co-Op bank
-
8/2/2019 Careers in Finance & Skillsets
12/58
CORPORATE FINANCE & Accounting
-
8/2/2019 Careers in Finance & Skillsets
13/58
Corporate financeAn overview
Create value for the company.
Financing and maximizing shareholders value.
Citing investment proposals,preparation of budgets, cash management,
working capital financing, cash flow & fund flow
statement analysis etc. Possibility of working with large MNC.
-
8/2/2019 Careers in Finance & Skillsets
14/58
Corporate financeAn overview
Responsibilities can come fast
Problem solving skills will help to work quickly in
corporate finance jobs Jobs in corporate finance are relatively stable
Performance in these jobs counts
Many experts say that corporate finance jobs are themost safe, desirable and the best jobs in the entirefield of finance
-
8/2/2019 Careers in Finance & Skillsets
15/58
Corporate financeAn overview
Benefits of working in corporate finance:
You generally work in teams which involves
working with people Its a fun to tackle business problems
Many opportunities to travel and meet people
The pay package in corporate finance is generallyquite good
-
8/2/2019 Careers in Finance & Skillsets
16/58
Corporate financeSkills and talent required
Puzzle lovers/Analytical Thinking.
Specialized knowledge in Finance / A/C.
Got to be computer literate. Be patient. Promotions not that easy.
Take initiative.
Engineering background may work Be good with people - read them as balance sheets
Dont presume it to be boring
-
8/2/2019 Careers in Finance & Skillsets
17/58
Corporate financeJob options
Financial analyst
A/C Executive
Credit manager Cash manager
Investor relations officer
Treasurer Controller
Finance manager
-
8/2/2019 Careers in Finance & Skillsets
18/58
Exams/Certifications
IFRS
ICWA
CA
CFA
-
8/2/2019 Careers in Finance & Skillsets
19/58
Chief financial officer (C.F.O.)
President / Vice president
Finance manager
Assistant finance manager
Treasurer Controller
Assistant treasurer Assistant controller
Financial ManagementAccounts manager Accounts manager
Audit manager Tax manager
Illustration of a corporate finance department
-
8/2/2019 Careers in Finance & Skillsets
20/58
INVESTMENT BANKING/Share
Market
-
8/2/2019 Careers in Finance & Skillsets
21/58
Investment bankingAn overview
A new paradigm shift towards success
Providing experts services to clients
Comprises of many interrelated fields of finance
One of the most highest paid sector
-
8/2/2019 Careers in Finance & Skillsets
22/58
Investment bankingSkills and talent required
Tough to get in
Hard work expected and respected Analyst jobs are the best entry points
Relationship Manager required in large numbers.
Communication and market knowledge required Strong mathematical ability
Accounting skills valuable
-
8/2/2019 Careers in Finance & Skillsets
23/58
Investment bankingSkills and talent required
Multi talented expected
Teamwork is crucial Science and law background
Contacts are everything
Getting things done is importantAnd above all
MBAs are preferred.
-
8/2/2019 Careers in Finance & Skillsets
24/58
Investment bankingJob options
Brokers
Capital markets Mergers and acquisitions/PE funds
Project finance
Trading
-
8/2/2019 Careers in Finance & Skillsets
25/58
Investment bankingJob options
Structured finance
Derivatives
Advisory Emerging marketssales
Public finance
Institutional & Corporate sales
-
8/2/2019 Careers in Finance & Skillsets
26/58
Investment banking/Share MarketFacts and trends
A good time to send your resume is in the month ofNovember and December
The most global business on earth
Sometimes bonus received surpasses salary earned
Massive consolidation
Dependent on Market conditions
-
8/2/2019 Careers in Finance & Skillsets
27/58
Investment bankingFacts and trends
The business is too competitive
It is transaction driven High salary package
Bulky brackets changing
-
8/2/2019 Careers in Finance & Skillsets
28/58
ASSET MANAGEMENT
-
8/2/2019 Careers in Finance & Skillsets
29/58
Asset managementAn overview
In asset management, the money manager pools the
money collected from various avenues and invest itin some securities
Its a booming industry
Deals with large markets
-
8/2/2019 Careers in Finance & Skillsets
30/58
Asset managementSkills and talent required
Must be able to take risks
Broad understanding of business
Stay there during tough times
Approaches could be diverse
Strong knowledge of financial markets and
companies
-
8/2/2019 Careers in Finance & Skillsets
31/58
Key skills area Requirement
People skills Medium
Sales skills Medium
Communication skills Medium
Analytical skills HIGH
Ability to synthesize HIGH
Creative ability Medium
Initiative Medium
Work hours 50-70/week
Asset management
Skills and talent required
-
8/2/2019 Careers in Finance & Skillsets
32/58
Asset managementJob options
Mutual fund analyst
Hedge fund trader Investment advisory
Portfolio manager
Portfolio management & marketing manager.
-
8/2/2019 Careers in Finance & Skillsets
33/58
Asset managementFacts and trends
Educate yourself
Succeeding as a money manager is challenging Breaking in is tough
Mutual funds are enormous
Getting paid for performance Going global
Competition is too much
-
8/2/2019 Careers in Finance & Skillsets
34/58
INSURANCE
-
8/2/2019 Careers in Finance & Skillsets
35/58
InsuranceAn overview
As the population ages and wealth grows, thedemand for insurance professionals will increasedramatically.
It is a field which helps individuals and corporatebusiness units in protecting themselves from any
future losses and anticipating their potentialproblems and thereby to set off the loss against thepremium paid till date .
-
8/2/2019 Careers in Finance & Skillsets
36/58
InsuranceAn overview
Helping clients to understand their own insuranceneeds
Explain the appropriate policies to the clients
Its about helping customers with a beneficial coverwhen they need it the most
-
8/2/2019 Careers in Finance & Skillsets
37/58
InsuranceSkills and talent required
Key skills area Requirement
People skills HIGH
Sales skills Medium
Communication skills HIGH
Analytical skills Medium
Ability to synthesize Low
Creative ability MediumInitiative Medium
Work hours 35-55/week
-
8/2/2019 Careers in Finance & Skillsets
38/58
InsuranceSkills and talent required
Risk associate
Good listeners Quantitative analysis of risks
-
8/2/2019 Careers in Finance & Skillsets
39/58
InsuranceJob options
Sales representative
Underwriter
Claims adjuster Service representatives
Loss control specialist
Agent and broker Actuary
Risk manager
-
8/2/2019 Careers in Finance & Skillsets
40/58
InsuranceFacts and trends
Variety of products
High growth and potential Most people dont sell
Building a framework
Big employers den
-
8/2/2019 Careers in Finance & Skillsets
41/58
InsuranceFacts and trends
Hiring is strong
Demand for insurance products are rising Not all companies survive
IT types are in high demand
Health insurance business is expected to grow Banks play an important role
-
8/2/2019 Careers in Finance & Skillsets
42/58
WEALTH MANAGEMENT
ORFINANCIAL PLANNING
-
8/2/2019 Careers in Finance & Skillsets
43/58
Wealth managementAn overview
Wealth managers or financial planners helpindividual in planning their financial future
A good financial planner understand investments,taxes, estate planning issues and knows how tolisten
Most planners go solo or work with small firms The work pays well and is rewarding if you like to
help people
-
8/2/2019 Careers in Finance & Skillsets
44/58
-
8/2/2019 Careers in Finance & Skillsets
45/58
Wealth management:Skills and talent required
Key skills area Requirement
People skills HIGH
Sales skills Medium
Communication skills HIGH
Analytical skills Medium
Ability to synthesize HIGH
Creative ability MediumInitiative Medium
Work hours 45-65/week
-
8/2/2019 Careers in Finance & Skillsets
46/58
Wealth management:Job options
Financial planner
Financial advisor Wealth manager etc.
-
8/2/2019 Careers in Finance & Skillsets
47/58
Wealth management:Facts and trends
A helpful and important profession
One of the hottest field in finance
High growth expected
The number of wealth managers has doubled fromthe past decade
Getting involved
HNIs are the key targets
-
8/2/2019 Careers in Finance & Skillsets
48/58
REAL ESTATE
-
8/2/2019 Careers in Finance & Skillsets
49/58
Real estateAn overview
The field involves sale, management and analysis ofland and properties.
It is one of the largest part of the economy andoffers a excellent job opportunities
Real assets is collateral for mortgages and a large
amount of financial assets
-
8/2/2019 Careers in Finance & Skillsets
50/58
Real estateAn overview
Real estate professionals are tied to thedevelopment of the society in a direct way.
They participate in decisions that will shape theliving styles in coming future.
Work in real estate is rewarding, ever challenging
and changing Your attitude will determine your altitude
-
8/2/2019 Careers in Finance & Skillsets
51/58
Real estate:Skills and talent required
Strong deal making skills
Interpersonal skills
Negotiation skills
Analytical skills
Multiple entry points available Highly entrepreneurial
-
8/2/2019 Careers in Finance & Skillsets
52/58
Real estate:
Job options
Residential broker
Real estate agent
Commercial real estate sales Real estate appraisal
Property management
Real estate appraisal Development and construction
Real estate entrepreneur
-
8/2/2019 Careers in Finance & Skillsets
53/58
Real estate:Facts and trends
Experience in real estate is a key
REITs are hot Negotiation skills are very crucial
Technology is everything
Certification is a priority
-
8/2/2019 Careers in Finance & Skillsets
54/58
Should salary be negotiated ?
-
8/2/2019 Careers in Finance & Skillsets
55/58
How to negotiate for salary
Identify your chances of gaining an advantage
in the job
Test what the other party exactly wants
Ask how the salary is determined
Be realistic as per why you should be paid more(support your statements with proofs)
Negotiate the complete offer
-
8/2/2019 Careers in Finance & Skillsets
56/58
How to negotiate for salary
Never lie about your previous salary
Ask about the performance bonus/incentives as percompany policies*
Wear your salary
A negotiation should end in win-win
situation for both the parties
-
8/2/2019 Careers in Finance & Skillsets
57/58
THANKS
FOR YOUR CO-OPERATION
-
8/2/2019 Careers in Finance & Skillsets
58/58
ANY QUESTIONS
top related