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  • WHY FINANCE IS HOTTEST CAREER OPTION!

WHY FINANCE IS HOTTEST CAREER OPTION!

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First of all, I want to give a disclaimer that we won’t be considering anything which is volatile, an exception or a variable.

When you look at finance as a specialization we’re talking about the long term and not taking any exceptions like the pandemic into consideration because that will dilute the purpose of this post.

The data base I have taken talks about finance as a holistic approach. We also need to be rational when we talk about economy as a whole because we won’t always have pandemics or exceptions. At the end of the day the market will bounce back and finance as a specialization or for that matter any specialization will revive. As warren buffet says every 10 years, we will be seeing clouds and these clouds will come and go.

The first thing that makes finance the most lucrative career path is because it has plethora of opportunities. When we look it at as a switch eventually once you’re an MBA or CFA you get a lot of opportunities wherein you can make a switch. You can get into multiple domains like investments, business finance, financial institutions, etc. People say that finance is quite technical well that’s not the case anymore. Nowadays people are getting into planning and strategy domains and just like it is required for marketing it is equally important for you to have that strategy framework for finance domain as well. Finance has become more dynamic and is not monotonous anymore.

What makes finance the hottest career option? When we talk about this, we need to look at some economic factors. When we talk about India as a country or when we talk about the global economy things are moving up. The scenario is quite different now because there’s a huge demand and there’s growth in consumer products, consumption, savings, expenditure, etc. The economy is booming and for the fact that there is a rise in income people will increase their investments. When the banking sector gets more efficient the job opportunities increase in the banking industry. In the last 5 years we have a lot of new banks coming into the picture like Bandhan Bank, RBL Bank, etc. That’s how these financial institutions grow and demand for jobs increases. When we talk about the financial services predominantly like automation so an IT guy can work in the IT domain if he pursues MBA in Finance. 60%-65% of the revenue of IT giants like WIPRO and Infosys comes from BFSI sector because these IT companies have banking institutions like Goldman Sachs, ICICI, HDFC, etc. as their clients. Finance is now capturing the IT domain that’s what make it even more lucrative.

When we look at government policies, they’re making an amazing impact on the finance sector of India. In the last 4 years there’s an increase in the number of IPOs in India and you’ll find startups coming up every day.

If the business is growing then the need for credit and funds grows and when the economy is growing, the company is growing and the production is growing people will need funds and that’s reason why there’s a growing penetration in the market. So overall, all the micro and macro factors will help the finance companies to move the ladder up and the moment they grow up there will be more demand for CFAs, MBA finance, Finance managers, etc. Wealth management is booming India and is ahead of China in terms of no. of clients and portfolios. These are the couple of things that makes finance one of the best career option.

Financial services

Let’s understand why finance is growing! Institution like JBIMS, KJ Somaiya, etc. have come up with their own programs in finance because financial service market is growing. The demand for financial services has drastically increased over the years.

The micro and macro factor, the global factors, the profiles that finance offers are some of the aspects that make finance the hottest and the most lucrative career option out there.

I HOPE THIS HELPED YOU ALL!!!

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