Finance

Individuals in this profession are responsible for financial planning, analysis and projection for companies and corporations. The forecast future revenues and expenditures to establish cost structures and determine capital budgeting for projects.

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Education

Most financial analysts have a bachelor's degree in business administration, finance, economics, statistics, or accounting. If one chooses to obtain a Master's degree in business administration or finance, then the individual is much more marketable when seeking employment.

Knowledge and Tasks

For this profession, knowledge of options pricing, bond valuation, and risk management are important.
Knowledge of economics and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data is also important.
For this profession, analysing financial data and creating financial models is required.
It also involves working closely with the accounting team to ensure accurate financial reporting and decision support.

Personality

Individuals in this career must be capable of adapting and resilience, as well as flexibility in the face of change, whether it is rising interest rates, new regulations, or new investment strategies. They must also be persistent.

Salary

The average salary for individuals in this career is Rs.12,00,000- 18,00,000 per annum. However, this income increases steadily for more experienced workers.

Pros

An individual in this profession can uncover real insights into what is the driving force behind a particular company.
This job is a very varied job as well as flexible.
The compensation is high.

Cons

This job is only suitable for individuals who like to follow regulations and are results-oriented.
One can get stuck under a mountain of data as well as have to work very long hours.
This job might take a toll on family time due to hectic work schedule.

Top Institutes

India

Indian Institute of Management
Xavier's Labour Research Institute
Jamnalal Bajaj Institute of Management Studies
Faculty of Management Studies
Narsee Monji Institute of Management Studies

Abroad

Harvard University – USA
Massachusetts Institute of Technology – USA
Stanford University – USA
University of Oxford – UK
London School of Economics and Political Science – UK

Famous People

Uday Kotak

Uday Kotak is the Managing Director, CEO and Founder of Kotak Mahindra Bank, one of the top 4 private sector banks in India. He is also counted among one of the most powerful personalities in the financial world. The self-made billionaire completed his undergraduate education as well as his MBA from Jamnalal Bajaj Institute of Management Studies which falls under Bombay University.

Abby Joseph Cohen

She is an American economist and financial analyst on Wall Street. She is a partner and senior U.S. Investment Strategist at Goldman Sachs responsible for the leadership of the firm's Global Markets