Financial Services

Financial Services Job Family involves understanding the global economy and discovering the challenges of the marketplace. Careers here require an in-depth understanding of the banking and insurance sectors to help organisations and individuals make sound financial decisions.

Professional Orientation

Fiscal
It refers to orientation to efficiently and strategically manage monetary transactions and budgets for individuals and organisations.
Structural
It refers to the orientation towards managing processes that enable work to happen. It involves optimising work performance in an organisation and ensuring that any obstacles that may hinder work and prevented.
Procedural
It refers to the orientation to work within well-defined systems and processes and ensure that everything functions smoothly and efficiently.

Remuneration that an individual receives monthly for his/ her professional services

Division of an individual’s time and focus between working and leisure activities

Opportunities given to an individual to scale upwards in the organization

Opportunities given to an individual to travel and interact with experts in a professional setting

Opportunities given to an individual to innovate on new ideas and projects at work

Job Roles

1. Chartered Accountant

A Chartered Accountant manages the accounts of a business. They file a business's tax return, audit financial statements and offer financial advisory services to clients.

Career Road Map

  • School
  • Graduation
  • Job and Career

At school level, one can pick up any stream – Humanities, Commerce or Science, however it is recommended to pick up subjects Mathematics and Accountancy. The criteria for marks may vary from college to college, to secure a seat in a top college one must score at least 80% to 85% marks in class 10+2 examinations from a recognised Board.

For Chartered Accountancy, students can take exams as per Institute of Chartered Accountants of India (ICAI) in India, American Institute of Certified Public Accountants in America and similar regulatory boards in other countries. Chartered Accountants who file taxes and submit reports to government bodies are required by law to be Certified Public Accountant. Click here for the top colleges.

Depending on their interest and inclinations, Chartered Accountants take up specialisations such as assurance services or risk management (determining the probability of a misstatement on financial documentation). Apart from working in companies, Chartered Accountants may open their private practice and provide services to a wide variety of clients.

2. Consumer/ Retail Banker

Retail/ Consumer Bankers provide services to individual consumers, rather than to companies, corporations or other banks. Services offered include savings and transactional accounts, mortgages, personal loans, debit cards and credit cards.

Career Road Map

  • School
  • Graduation
  • Job and Career

At school level, one can pick up any stream – Humanities, Commerce or Science, however, it is recommended to pick up Commerce. One should pick up subjects like Accountancy and Mathematics. The criteria for marks may vary from college to college, but to secure a seat in a top college the student must score at least 80% to 85% marks in class 10+2 from a recognised Board.

For Graduate studies, one may pursue Bachelor of Business Administration/ Bachelor of Commerce/ Bachelor of Arts in Economics and subsequently take up Master of Business Administration/ Master of Commerce/ Master of Arts in Economics if need be. Click here for the top colleges.

Bankers are mostly employed with large banking organisations such as Barclays, HSBC, RBS etc. A candidate may join a bank at an entry-level customer service role and work up to management level over a span of a few years.

3. Financial Analyst

Financial Analysts evaluate businesses, projects, budgets and other financial aspects of an organisation to determine their performance and suitability. They examine economic conditions and company policies to make business and sector recommendations.

Career Road Map

  • School
  • Graduation
  • Job and Career

At school level, one can pick up any stream – Humanities, Commerce or Science, however, it is recommended to pick up Commerce. One should pick up subjects like Accountancy and Mathematics. The criteria for marks may vary from college to college, but to secure a seat in a top college the student must score at least 80% to 85% marks in class 10+2 from a recognised Board.

For Graduate studies, the student may earn a Bachelor of Business Administration/ Bachelor of Commerce/ Bachelor of Arts in Economics/Finance and further pursue Master of Business Administration/ Master of Commerce/ Master of Arts in Economics. Some of these courses require the candidate to take competitive exams such as GMAT and CAT. Click here for the top colleges.

Financial Analysts focus on assisting clients to make informed decisions about investments. Financial analysts can be employed with banks, pension funds, mutual funds, securities firms, insurance companies and other businesses.

4. Insurance Executive

Insurance Executives sell life, property, casualty, health, automotive or other types of insurance to individual clients and companies. They also manage these insurance policies for their clients, informing them about renewal, expiry, new policies and portfolio management.

Career Road Map

  • School
  • Graduation
  • Job and Career

At school level, one can pick up any stream – Humanities, Commerce or Science. The criteria for marks may vary from college to college but to secure a seat in a top college, the student must score minimum 50% marks in class 10+2 from a recognised Board.

For studies after school, the student may pursue Bachelor of Business Administration/ Bachelor of Commerce/ Bachelor of Arts in Economics followed by Master of Business Administration/ Master of Commerce/ Master of Arts in Economics. Click here for the top colleges.

Insurance agents can specialise in different kinds of insurances such as health, life, long-term care, car, travel etc. Along with having sound domain knowledge, insurance agents will also benefit from good interpersonal and persuasive skills. Agents can be employed with Insurance companies such as AXA, Prudential, LIC and so on.

5. Investment Banker

Investment Bankers work in a financial institution that is in the business of raising capital for companies, governments and other entities. He/she may also work in a large bank's division that is involved with these activities, often called an investment bank.

Career Road Map

  • School
  • Graduation
  • Job and Career

At school level, one can pick up any stream – Humanities, Commerce or Science, however, it is recommended to pick up Commerce. One should pick up subjects like Accountancy and Mathematics. The criteria for marks may vary from college to college, but to secure a seat in a top college the student must score at least 80% to 85% marks in class 10+2 from a recognised Board.

After school, the student may pursue Bachelor of Business Administration/ Bachelor of Commerce/ Bachelor of Arts in Economic followed by Master of Business Administration/ Master of Commerce/ Master of Arts in Economics. Some of these courses may require the candidate to take competitive exams like CAT and GMAT. Click here for the top colleges.

There are several companies such as Goldman Sachs, JP Morgan and Morgan Stanley that recruit Investment Bankers. A typical career progression may look like: Analyst, Associate, Vice President, Director and Managing Director.

6. Stock Broker/ Trader

A Stock Broker/ Trader buys and sells orders for stocks and other securities through a stock market or over the counter, for a fee or commission.

Career Road Map

  • School
  • Graduation
  • Job and Career

At school level, one can pick up any stream – Humanities, Commerce or Science, however, it is recommended to pick up Commerce. One should pick up subjects like Accountancy and Mathematics. The criteria for marks may vary from college to college, but to secure a seat in a top college the student must score at least 80% to 85% marks in class 10+2 from a recognised Board.

For higher studies, student may pursue Bachelor of Business Administration/ Bachelor of Commerce/ Bachelor of Arts in Economics or Finance followed by Master of Business Administration/ Master of Commerce/ Master of Arts in Economics if desired. Click here for the top colleges.

To work as Stock brokers one must be licensed. One platform to obtain the license is to pass the General Securities Representative Examination, also known as the Series 7 Examination. With respect to employment, brokerage firms such Merrill Lynch, JP Morgan and Goldman Sachs often hire stock brokers and provide on-the-job training.