Career Opportunities in Financial Markets in India

by Saurabh Tyagi on Basic Finance, Market Analysis

Have you ever given a thought that the money which is being deposited in the bank or which is invested in stocks shares or bonds where it goes or who manages it? Well, all these investments are smartly further distributed in a range of financial instruments so as to maintain a proper balance between debt and equity by the financial services segment of the bank and standalone financial corporations.

Financial services include products and services offered by financial institutions to assist in financial transactions and other similar activities. It may include various types of investment opportunities, loans, credit card etc. However, the significant chunk of work ensues in capital markets.

Indian Financial Market

Indian financial market is one among the oldest ones in the world and with a faster rate of growth it has also entered among the best markets emerging economies. The history of Indian capital markets dates back 200 years when it was under the rule of the East India Company.

At present, it includes the primary market, FDIs, alternative investment options, banking and insurance and the pension sectors, asset management segment and many more. The capital market was at first established around Mumbai including approximately 250 security brokers participating in active trade throughout the second half of the 19th century.

The scope of the Indian Financial Market

Currently, the financial market in India is growing at a much faster pace than any other sector. It has widened itself and also organized from the 19th century with the securities exchanges in Mumbai, Ahmedabad, and Kolkata. In the 60s the number of securities exchanges became eight which includes Madras, Kanpur, Delhi, Bangalore, and Pune apart from those three. At present India has 23 regional securities exchanges.

Jobs for graduates and MBA graduates in this sector

Rapid growth in the industry definitely calls for a huge workforce throughout the nation. It mainly looks for graduates having commerce, economics, finance, mathematics and a management background. Freshers get started in the financial advisory companies. Mutual fund houses also hire fresh and skilled graduates and so does the stock brokerage firms. The Mutual Fund company mainly includes sales and marketing, fund accounting, investment and research, operations and administration. One can become an advisor or a financial planner and with an experience of around five years go further to become a research analyst and following that a fund manager.

One can also opt for an intermediary but for this, it is important to clear an exam which is conducted by the NISM. As soon as one clears the exam and get the NISM certificate, he/she can work for the marketing and distribution of mutual fund schemes as business development managers, relationship managers, and advisors. Apart from these, one can also get involved with the back office functions as fund accounting and IT/network support. An MBA fresher from a top institution is always on the priority of recruiters for this role. Good compensation packages are being paid to the most suitable candidate in Investment banking.

You can check out here for preparatory courses to aid you in your preparation for NISM Certification examinations.

Skill, knowledge and latest information about the current finance market certainly assists candidates to increase their chances of getting hired at the topmost financial companies.

Here is a brief of the most common career opportunities in the finance market of India:

(i) Money Management: Money managers are an integral part of the finance industry. They typically buy and carry corporate bonds and other fixed-income investment products. Their specialization lies in small stocks, and large-cap funds. Some of the common job options include Portfolio Manager, Mutual Fund Analyst, and Hedge Fund Traders.

(ii) Insurance: You can either make a career with insurance companies or also have a career in the corporate sector, stock broking firms, finance companies, and shipping companies. The privatization of insurance sector has led to an increase in the number of employment opportunities.

(iii) Financial Planning: With more and more people becoming rich and going to the millionaire club, the demand of financial planners is increasing by the day. These financial planners assist people with disposable wealth to make advance provision for financial needs that may arise in future. Just like a family doctor takes care of the biological health of the family, a financial planner ensures good financial health for a sustained period of time in present and future. To become a financial planner one has to undergo the strict training of Chartered Financial Planner (CFP) course which is currently offered in India by Association of Financial Planners (AFP) in technical collaboration with the Financial Planning Association of Australia Ltd.

Also Read5 Ways to Jump Start Your Career in Finance

To get a  more clear understanding of the various careers options available in the financial markets, you can watch the video below:

The financial service sector is going through the golden phase where it is experiencing astounding growth in all spheres. In the past, the sector has lagged behind, but that was in the pre-reform era, and now it has evolved and matured into a consistently growing industry with a number of high paying new financial jobs for qualified professionals. As this sector continues to expand, deserving young candidates with a background in finance will have a diverse range of new job opportunities coming their way.

There are many other opportunities available in the domain of finance and financial markets, which we’ve explained in a free course on career opportunities in finance.

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Disclaimer

Elearnmarkets.com wants to remind you that all our content is created solely for the purpose of education. No strategy, stock, commodity, fund or any other security discussed here is any way a recommendation for trading or investing. Elearnmarkets.com will not be any way responsible for trading losses incurred by any individual or entity for trading with real money. Please take advise of certified financial advisers before trading or investing.

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20 comments

    • Hello Pankaj,

      Thank you for your comment.

      Both marketing and finance are equally good.

      Depending upon your level of interest and where you want to build your career you should go for either marketing or finance.
      To read other finance related blogs, go here.
      Happy Reading!!

  • I have complted my postgraduation in insurance.. Am looking for better future..whether i want to doCFP OR i want to do treasure and banking
    . Please suggust. E

    • Hello Siva,

      Thank you for your comment.

      You need to determine where your interest lies, how much in demand is that particular certification in the job market, what you want to be
      For example:

      1.Accounts & Taxation – CA
      2.Costing – ICWA
      3.Hardcore fundamental analysis – American CFA
      4.Hardcore personal FP(Financial Planning) – CFP
      5.Hardcore Wealth Mgt – CWM
      6.General Masters – MBA
      What you understand and enjoy doing as well, you need to find out for yourself.
      You must find out what a person with your background in insurance will have what kind of acceptability in the job market.
      If however you are looking for a 360 degree career perspective in Fianncial Markets you can enroll in: Online NSE Academy Certificate in Research, Trading & Advisory course on Elearnmarkets.
      Happy Learning!!

  • I AM QUALIFIED CA & I WANT TO DO THE COURSE ON Financial Planning & Wealth Management PROVIDED BY NSE. I just want to know whether after completing the course job will be provided.

  • Hi Nivedita,

    Thank you for your comment.

    Pursuing CFP will be a very good move for self-knowledge as well as for building your career in the financial sector.

    The profiles available to a CFP are Sales Profile and Back office Profile available in any asset management company, mutual fund, banks and other financial institutions.

    To get a comprehensive idea of wealth management and financial planning you can do the following NSE Academy Certified Course:

    https://www.elearnmarkets.com/courses/display/financial-planning-and-wealth-management

    Happy Reading!

  • I m planning to pursue cfp from .will it be a good move in this sector.what are the career options,profiles for cfp?

  • Hello Kiran .You are already a part of the finance sector as Accounting Field is an integral part of the Finance Sector.

    Elearnmarkets.com offers a wide variety of courses on various aspects of financial markets. Many of these courses are NSE Academy Certified .Depending upon your interest ; you can do any of the following NSE Academy Certified Course:

    https://www.elearnmarkets.com/tag/nse-certified-courses

    If you are looking to gain expertise in all aspects of the financial markets ,then you can go for our course: Online NSE Academy Certificate in Research,Trading and Advisory(CRTA) which covers all aspects of the Financial Markets in a compact manner.

  • Hi Sir This is Kiran, I have done MBA in finance and working in Accounting field from last 2 Years.
    But i would like to set my career in finance sector. Can you please advise me what step i should take now.

  • Hello Manesh.

    Financial Markets career is an expansive term comprising of :

    Fundamental Analysis

    Techncial Analysis

    Derivatives

    Currency and Commodity

    Wealth Management

    You need to tell us which of the above area you are interested in making your career so that we can guide you better.

    To gain a comprehensive knolwedge on all the above areas you can go through the following NSE approved course:

    https://www.elearnmarkets.com/combos/view/online-nse-academy-certificate-in-research-trading-advisory

  • Hello Nikhil,

    It is great to know that you want to participate in the Financial Markets.Financial Market is a broad term which comprises of various aspects such as: equities,bonds,commodities etc.You need to decide which part of Financial Market you want to particpate in.Moreover, you also need to decide what kind of analysis you are interested in.

    To get a comprehensive knowledge on Financial Markets , you can take up the following NSE Academy Certified Course:

    https://www.elearnmarkets.com/combos/view/online-nse-academy-certificate-in-research-trading-advisory

  • Hello sir,
    I am studing in M. Com .and interested in finance and stock investment market. Plz. Suggest me how get job in this sector.

  • I have done MBA in Finance and operations and have 18 years of experience in functions like operations, Quality Six sigma, Business excellence etc. I want to get into the career in financial market. Please suggest the right way to fulfill my goal.

    • Thanks Anurag for your comment

      Financial markets career is a broad term comprising : –
      Technical Analysis ( Equity )
      Derivatives ( Equity )
      Fundamental Analysis ( Equity )
      Wealth Management ( Personal )
      Currency & Commodity

      First you need to tell us , you are interested to make your career in which area, then accordingly we can suggest.

  • Hii Karan
    It’s great that you want to build your career in very promising financial market. Financial markets is a broader aspect which covers equities, bonds and commodities like precious metals or agricultural products. Moreover, you also need to decide that what form of analysis, you are interested in. You may click the link below to get an holistic overview of various aspect of financial market, which books to refer or how to proceed with the learning.
    https://blog.elearnmarkets.com/basic-toolkit-stock-market-beginners/
    You may also take up a NSE approved course to gain an overall understanding of financial markets and various analysis like fundanmentak and technical analysis.
    https://www.elearnmarkets.com/combos/view/online-nse-academy-certificate-in-research-trading-advisory

  • I have complicated +2 from financial market managment (fmm) now I want career guidelines in same background plizzz guide me as well as can you
    I shell be very thankful to you for yor this kind act.

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