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Attaining wealth and
managing it is the new mantra. Banking and financial services are among
the hottest career options today.
With global trends
impacting the financial sector, there is a demand for finance
professionals with a new set of skills, resulting in careers such as
Financial Analysts, Financial Planners, Financial Advisors and Financial
Managers.
font class="text" Banking and Finance and
IT are the most sought-after sectors by youths passing out of the
country's leading business schools, according to a study carried out by
ASSOCHAM. The study says: 29 per cent of graduates from these schools
opted for Banking and Finance, while 25 per cent went in for a career in
Information Technology. Marketing, especially in the (FMCG sector), also
found favour with a large number of young managers with 17 per cent of
fresh managers opting for it. Consultancy is another area gaining ground
day by day. It accounted for 13 per cent of the industry's future
leaders. Sixteen per cent of fresh graduates accepted offers for general
management and other fields, including telecom, pharmaceuticals, health
care and HR.
The ASSOCHAM tracked ten
institutes for its study. The maximum placement in Banking and Finanace
Services sector is an indication of the rise in the services sector
which is growing at the rate of 9 per cent. Fifty-one per cent of the
2005 Batch of the Indian Institute of Management, Ahmedabad, got
placements in the Banking and Financial Services sector and 20 per cent
of them went in leading consultancy firms.
According to Gopala
Krishna, Faculty and Placement Officer at Surana College of Management
Studies, "There is a tremendous scope for MBA (Finance) in today's
market as the investment banking industry demands a management graduate
rather than a CA or ICWA graduate because they can be flexible and can
be adjusted with any job profile." Srihari, Assistant Manager, HR, Way 2
Wealth says, "As the management graduates have analytical skills and are
good at numbers, they are more qualified to do this job. As there are
more players in the financial industry, the job openings are more," he
opines.
Financial markets have
become complex following advancement in computational technology and
telecommunication. The changes are not only fast but also taking place
globally.
The need for
sophisticated financial markets specialists is felt not only for
intermediaries like banking, investment banking, insurance industries,
but also service providers of these financial intermediaries like
software and BPO industries.
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