Career Opportunities The growing need for financial expertise as the economy expands will ensure job growth

over the next decade. The various Career areas in Finance are : Corporate Finance A career in corporate finance means working for a company to help it find sources of capital, grow the business, make acquisitions, plan for it's financial future and manage any cash on hand. Key job areas include treasury, financial analysis, cash manag ement, credit management and controlling. Commercial Banking Key job areas in commercial banking include loan issuance (credit appraisal, account management), mortgage services, leasing, credit card banking, international finance, trade credit, trust services and overall operational handling. Insurance As the population ages and wealth grows, the demand for insurance professionals will increase dramatically. Typical job areas include actuarial services, agency and broker -ships, claims adjustments, risk management and service management. Investment Banking Considered as the most glamorous area in finance, investment banking includes corporate finance, mergers and acquisitions, project finance, trading, structured finance, management of financial assets, trade of securities and financial advice. Money Management Money managers hold stocks and bonds for institutional clients. Typical job areas for money managers include portfolio management, sales, investment advisory, mutual fund analyst and hedge fund trading. Real Estate This area includes residential and commercial real estate brokering, real estate appraisals, property management and construction & development. Financial Planning Financial planners help individuals plan their financial futures. T hey undertake investments, taxes and estate planning issues. Highest Paying Finance Jobs 1. Warren Buffett is a professional investor and CEO. He has a net worth of about $50 billion. Prior to being the majority owner and CEO of Berkshire Hathaway - an insurance company which grew to become a conglomerate owning entirely over 40 large US corporations as well as huge stakes in publicly traded corporations, Buffett was essentially a hedge fund manager. The best hedge fund managers have recently been earning a few billion dollars annually.

Beneath them are mutual fund managers/advisors who can make billions or multi -millions per year. Below that are personal investment advisors or wealth managers who might make a few million per year. Most people get their fo ot in the door as insurance salesmen or mutual fund salesmen. These people can make hundreds of thousands of dollars per year or less (depending on how persistent they are). Research analysts, bankers, actuaries, and other number crunchers typically get p aid a set salary and work scheduled hours. The salaries can range from $20,000 or less to a few hundred thousand per year. People with a finance background can also go for management positions at various corporations. CEOs and CFOs are paid extremely well and can earn multi -millions or occasionally billions in compensation bonuses. Finance jobs are despised by most people because financiers earn more money than any other occupation. Even the richest rock -stars, celebrities, and pro athletes don't compare to the richest financial professionals. People are willing to pay a lot of money to people who are able to make them a lot of money. However the field is very competitive. Have fun! 2. investment bankers. Finance and Accounting Careers Accounting or financial managers are the people responsible for overseeing and maintaining the financial strategy and history of a company. The accounting manager is focused more on financial reporting, while the financial manager is focused on strategy and money management. Finance has been one of the more popular choices for MBA focus or concentration. A finance MBA can offer numerous possibilities and can be an effective tool to help with promotions in the professions discussed below. Most prospective jobs for financ e MBAs fall within investment banks, corporations, and securities firms. Many finance MBA graduates also follow careers in the consulting industry . Financial Managers or Financial Analysts Financial analysts and managers use historical (accounting) data in their decision making, however the number one 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. Thro ugh the use of these reports, the financial analyst helps to shape the companys investment and business growth. Cash management strategies developed and implemented by the financial analyst help the company to grow efficiently and allow for maximum profit ability in its investments. Financial analysts and mangers play an important part in mergers and global financing and expansion. Highly specialized knowledge in these areas is an important asset to the financial manager and his or her employer to maximize potential profit and reduce risk. Many companies utilize globally active consulting firms exclusively for these purposes. Accounting Managers

Accounting managers working in a corporate setting perform responsibilities relating to tax reporting and manag ement, and creating income statements inside of controller and audit groups. This career path may bring one to the positions of corporate treasurer, corporate controller, or CFO (chief finance officer). Professional accountants working for a public accounting company will perform functions similar to those performed by independent audit or tax consultants. An educational history or background based in accounting, either as a Masters degree or as a finance MBA, will give you some of the coursework you need t o have in order to take the CPA (Certified Public Accountant) exam. Corporate Controllers A controller is someone who is in charge of preparing a companys financial reports to forecast and sum-up the companys financial situation. The statements a contr oller would get together consist of balance sheets, income statements, earnings analyses, and expense analyses. Regulatory agencies may also require special reports from companies. Controllers prepare these reports. In addition, a controller will frequentl y be over the budget, auditing, and accounting departments of a company. 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 company s general financial policies and strategies. While the CFO in a small company will often be responsible for all of the financial management duties, a CFO in a large company may delegate some or all of the responsibilities to other managers or vice presiden ts within the company. Treasurers and Finance Officers Finance officers other than the CFO and treasurers oversee and guide a companys financial objectives and budgets. The financial officer may formulate and implement strategies to raise capital, overs ee cash management, or manage the companys capital investment activity. Financial officers also play a significant role in a companys merger and/or acquisition activities. The treasurer, while he or she may share some of the financial officers duties, will usually have some banking experience. Cash Managers The Cash Manager is responsible for overseeing and controlling cash flow, both accounts receivable and accounts payable. He or she is also responsible for ensuring that the cash position of the comp any is sufficient to meet current and forecasted needs, or whether adjustments in investment quantity and type are necessary. Risk and Insurance Managers Business operation and transactions involve a certain amount of risk. Risk managers and insurance managers work to minimize the amount of loss a company incurs and the amount of risk it is exposed to. Management Consultants

Management consultants work to help companies with a wide variety of problems and issues. Everything from profitability improvemen t to corporate restructuring to financial strategy. The MBA going into this field should have either an expert understanding of a wide base of knowledge, or be highly skilled in two or more sub groups. The management consultant will also help companies wit h cash management and emerging market analysis. Investment Bankers An investment banker will work together with corporations needing capital to grow and institutions or investors who have money available to invest. An MBA is an enormous asset in this field as the investment banker will be giving investment advice to his or her clients regarding raising capital. Most investment banks have a corporate finance division that assists clients in structuring financial instruments such as stocks or bonds to raise capital. Investment Banking Associates People graduating with an MBA in finance often begin their career as an associate with an investment bank firm or investment firm. This is usually at least one level above the entry level position as an analyst typ ically obtained by persons with only an undergraduate degree. Most analysts end up pursuing an MBA degree after a couple of years in the industry in order to obtain promotions. Many people in the corporate finance side of investment banking will obtain a C FA (Chartered Financial Analyst) designation as a supplement to their MBA. The Association for Investment Management Research (AIMR) is the governing body for the CFA exam and designation. The mergers and acquisitions departments of investment banks provi de consulting services to companies in the process of merging or acquiring other companies or organizations. Organizations wishing to acquire, dispose of, or invest in real estate will deal with the real estate division of an investment bank. Equities rese arch and consulting for private clients are also frequently chosen as career paths for MBAs with focus in investment banking. Investment Sales Associates and Traders While MBA skills and knowledge are not explicitly required in this field, they do come i n as very valuable in enabling a person to understand the economic principles that drive the financial markets. Investment traders and sales associates assist corporate or institutional investors in the purchase and sale of securities such as stocks and bo nds. The sales associate makes recommendations and helps with the analysis, while the trader actually executes the orders for the client. Credit Managers nd Specialysts The Credit manager is in charge of managing the credit a company may issue to its cli ents 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.

Career after MBA in Finance

The opportunities for people to get jobs after the com pletion of MBA finance are quite high. Apart from being a highly coveted postgraduate degree, a Masters degree in finance will prove to be one that is asked for every where. As a matter of fact, students of MBA finance are required in corporations, banks, asset management companies and more. They will be taken in to help the financial improvement within that specific firm that hires them. On top of this, the employment opportunities are offered for candidates not only in our country but also abroad. The ma ny career opportunities that are available for students of MBA finance are described in this article. Career in Private sector after MBA in Finance There are numerous companies of the private sector that needs students of finance. Apart from offering chall enging jobs, the candidates will also be the recipients of lucrative salaries. Because this sector grows faster than the public sector, the chances of exciting opportunities are more. Some of the posts that are available for students at the entry level are :
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Credit Risk Management Analyst Financial Research Analyst Financial/Securities/Investments Analyst Personal Financial Adviser Portfolio Manager

As the students are taught about the finer aspects of economics, banking, accounting and market structure etc in their MBA program, they will provide to be valuable for firms, especially firms of the banking sector. Government Career after MBA in Finance The job opportunities for students who have finished their studies in MBA finance are quite high in the public sector too. It is possible for them to get jobs as administrators, finance officers or accountants with the many departments of the Indian government. They can even get jobs beneath the HR ministry of Indian Government. Some of the government indust ries that take in students of MBA finance include:
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Bharat Dynamics Limited Center for Development of Advance Computing (CDAC) HLL Life Care Limited National Dairy Development Board (NDDB) National Small Industries Corporation Limited (NSIC) National Thermal Power Corporation (NTPC) Rajasthan Electronics & Instruments Limited (REIL) Shell Technologies The Repatriates Co -Operative Finance And Development Bank Limited Visakhapatnam Steel Plant

Apart from the ones given above, there are many public se ctor business organizations in India that are growing at a significant rate. This will in turn provide increasing job opportunities for students of MBA finance.

Career Abroad after MBA in Finance The chances of getting employment in foreign countries are q uite high. Many multinational companies take in students of MBA and offer them good salaries. As to get good jobs with firms like this, the students need to have the required work experience as well as a certification from a recognized university. The job profiles include:
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Banking Analyst Investment Risk Analyst M&A Analyst Finance Manager Lead Analyst Research R&D Portfolio Analysis

Apart from providing jobs, the companies also provide internship for desired candidates. By this they will be able to g ain practical training as well as experience by way of these one year paid professional internships. Long term Career roadmap for MBA in Finance A professional in the field of MBA finance can get good jobs with more experience as well as in depth knowledge about this field. It is possible for them to grow into positions of the highest level within time. A few of the positions comprises of:
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Finance Manager for Specialty Markets Financial Analysis Manager Financial Analyst Financial Planning Senio r Analyst Global Capital Markets Sales and Trading Investment Banking Associate Risk Management Senior Financial Analyst

Besides the more conventional career avenues, candidates can also go for areas such as corporate finance, Trading Support, Wealth Management, Risk Management & Financial Analysis and Trading. Some of the other areas where a person interested in finance can approach are Research, and Asset Management, Private Equity & Venture Capital. The main roles of MBA finance specialists in areas such as these will be to be of guidance and to provide help, advice and suggestions to people from all strata.