Careers in Finance & Skillsets

8/2/2019 Careers in Finance & Skillsets

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CAREERS IN FINANCE &

Skill Sets required

By:

Raghunandan Helwade


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Agenda

Career options

Overview

Skills and talent required

Facts and trends

Job options

Certifications/Exams

Conclusion


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Career options

Commercial/Retail/PSU/Co-Op banking

Corporate finance

Investment banking

Asset/Wealth management

Equity research

Insurance /Mutual Fund


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BANKING


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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.


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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.


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BankingSkills & talent required

Marketing types wanted.

Corporate investment products in high demand MBA optional

Tech savvy required

No easy hours now


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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


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Commercial bankingJob options

Operations Executive

Relationship Manager Credit analyst

Loan officer

Mortgage banker Collections

Branch manager


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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.


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Exams/Certifications

Diploma in Banking & Finance by IIBF.

BANK PO/Clerk exams by IBPS/SBI.

Co-Op bank


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CORPORATE FINANCE & Accounting


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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.


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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


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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


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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


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Corporate financeJob options

Financial analyst

A/C Executive

Credit manager Cash manager

Investor relations officer

Treasurer Controller

Finance manager


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Exams/Certifications

IFRS

ICWA

CA

CFA


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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


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INVESTMENT BANKING/Share

Market


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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


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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


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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.


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Investment bankingJob options

Brokers

Capital markets Mergers and acquisitions/PE funds

Project finance

Trading


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Investment bankingJob options

Structured finance

Derivatives

Advisory Emerging marketssales

Public finance

Institutional & Corporate sales


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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


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Investment bankingFacts and trends

The business is too competitive

It is transaction driven High salary package

Bulky brackets changing


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ASSET MANAGEMENT


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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


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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


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People skills Medium

Sales skills Medium

Communication skills Medium

Analytical skills HIGH

Ability to synthesize HIGH

Creative ability Medium

Initiative Medium


Asset management

Skills and talent required


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Asset managementJob options

Mutual fund analyst

Hedge fund trader Investment advisory

Portfolio manager

Portfolio management & marketing manager.


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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


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INSURANCE


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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 .


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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


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InsuranceSkills and talent required


People skills HIGH

Sales skills Medium



Ability to synthesize Low

Creative ability MediumInitiative Medium



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InsuranceSkills and talent required

Risk associate

Good listeners Quantitative analysis of risks


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InsuranceJob options

Sales representative

Underwriter

Claims adjuster Service representatives

Loss control specialist

Agent and broker Actuary

Risk manager


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InsuranceFacts and trends

Variety of products

High growth and potential Most people dont sell

Building a framework

Big employers den


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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


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WEALTH MANAGEMENT

ORFINANCIAL PLANNING


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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


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Wealth management:Skills and talent required


People skills HIGH

Sales skills Medium



Ability to synthesize HIGH

Creative ability MediumInitiative Medium



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Wealth management:Job options

Financial planner

Financial advisor Wealth manager etc.


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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


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REAL ESTATE


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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


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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


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Real estate:Skills and talent required

Strong deal making skills

Interpersonal skills

Negotiation skills

Analytical skills

Multiple entry points available Highly entrepreneurial


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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


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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


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Should salary be negotiated ?


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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


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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


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THANKS

FOR YOUR CO-OPERATION


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ANY QUESTIONS

Careers in Finance & Skillsets

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