5 Finance Jobs That Are On High Demand
Finance is one of the fastest growing sectors in India. Individuals look into this profession with a reason of secured future concerning banking jobs. In this article, we are referring to finance jobs that fall under private and government sector.
An essential element of any organization or a bank, finance offers a wide variety of scope for those individuals who are looking to dream up their career in this field. However, finance majorly supports candidates who have a specialized degree in a sphere of finance. For example A bachelor degree, MBA/PDDBM or certification courses in Finance.
Finance Jobs are majorly competitive considering its high pay attribute. One can earn a good number if he/she manage to climb up with all the recommended skill set and knowledge. Depending upon the specific area of focus, finance jobs are diversified and offer various opportunities to individuals with a finance background.
Before you walk into your dream job, take a look at the jobs which offer good pay scale and growth opportunities.
Some of the high pay jobs in the finance sector are:
1. Financial Analyst
A financial analyst is a person who examines financial data and their findings to help organizations make better decisions. He/she researches micro and macroeconomic conditions to analyze trends in businesses and industries that in return help to maximize the profit. To be a financial analyst, one needs to have a bachelor degree in finance or a post-graduate degree. According to payscale, a financial analyst earns an initial salary of Rs 355,717per year. However, some skills increase the pay scale for this job. Some of them are Financial Modeling, SAS, Financial Reporting, and Budgeting.
2. Chartered Accountants
A prestigious job position with an opportunity to earn high, CA is responsible for advising about financial records, conducting audits and providing trustworthy information. To be a CA, one needs to be responsible for managing budgets, perform tests on financial information, advise clients on taxation maintain records, prevent fraud, and prepare financial statements. Average earning potential of CA depends on the type of firm, location, and size. According to payscale, an average initial salary for CA is Rs 726,100 per year. The skills to increase the pay scale are evaluation and management, financial advisor, strategic accounting, etc. Individuals in this field can earn in significant numbers if they keep pace with latest skills and knowledge.
3. Investment Banking Analyst
Investment banking comes under the segment of banking operations which aims to provide capital and financial advice to organizations or individuals. Investment Banking Analyst acts as a mediator between the investing public and securities issuer. He/she is responsible for facilitating mergers and acquisition of other corporate reorganizations. The competition for this position is high as compensation. The individuals must be graduate as a B.Com or BA. Moreover, MBA In finance is an added advantage and prerequisite for some organizations. According to payscale, first average pay for an analyst is Rs 782,988 per year. Some of the skills required to boost up the job position are Java/J2EE and operations management.
4. Tax Consultants
Often known as tax advisors, tax consultants are specialized individuals in tax law, compliance, and planning. Individuals in this domain prepare for tax returns and serve businesses and individuals with tax law strategies and its understandings. To become a tax consultant, one needs to hold a bachelor degree or a masters degree in accounting, or in other fields of finance. According to payscale, an initial average salary for advisors is Rs 410,516 per year. However, by obtaining specialized experience, salaries can be significantly increased in this field.
5. AccountantÂ
An accountant performs accounting functions like financial statement analysis and audits. He/she is responsible for estimating economic activities for an organization or an individual. To pursue a career in accounting, an individual must have a bachelor degree in finance. Certification course in finance is an added advantage to your career. An initial average pay scale of an accountant is 234,080 per year. The skills required to pace up the pay scale are SAP financial accounting and controlling (SAP FICO).
Choosing a career in finance is a great deal with your future. Online jobs for finance sector are blooming, and experienced candidates are stepping high on the ladder of success. Banking Jobs are a great deal too. However, there is a difference in the private sector and government sector jobs. Before you opt for your specialized field, analyze and research about all jobs in finance.