Are you interested in the world of finance? Are you curious about the various career opportunities and educational options available in this industry?
Pursuing finance courses after 12th grade can open up a multitude of doors for you, leading to a promising and lucrative career. In this article, we will explore the different branches of finance, the wide range of job roles available, and the education options that can help you kickstart your journey in this field.
Introduction to Finance
Finance is a dynamic field that revolves around the management of money. If you're interested in understanding the intricacies of financial systems, analysing investment opportunities, and making informed decisions about money, then pursuing finance courses after 12th grade can be a great choice for you.
To excel in finance, it's important to have a solid understanding of key concepts and develop essential skills, such as:
- Financial statement analysis
- Risk assessment and management
- Investment strategies
- Tax planning and compliance
- Budgeting and forecasting
Career Opportunities in Finance
As India's economy continues to grow rapidly, the demand for skilled finance professionals is on the rise. Here are ten job roles available for finance graduates:
1. Financial Analyst: Analysing financial data to provide insights on investment decisions
2. Investment Banker: Assisting companies with mergers and acquisitions and raising capital
3. Financial Planner: Helping individuals make sound financial plans based on their goals
4. Risk Manager: Identifying potential risks and implementing strategies to mitigate them
5. Banking Professional: Managing banking operations such as customer service and loan processing
6. Insurance Underwriter: Assessing risks associated with insurance policies
7. Wealth Management Advisor: Advising high-net-worth clients on investment options
8. Credit Analyst: Evaluating the creditworthiness of individuals and businesses
9. Auditor: Examining financial records to ensure accuracy and compliance
10. Tax Consultant: Assisting individuals and businesses with tax planning and compliance
Salaries in finance are structured based on factors such as job role, experience, and organisation size. Entry-level positions typically offer salaries ranging from ₹3-7 lakhs per annum, while senior-level roles can earn upwards of ₹15 lakhs per annum.
Finance Courses After 12th
Finance students have a range of educational options to choose from after completing their 12th grade. These options include undergraduate degrees and diploma courses that provide a strong foundation in finance concepts and skills.
Undergraduate Degrees
Pursuing an undergraduate degree in finance can be advantageous as it offers in-depth knowledge of financial theories, accounting principles, investment strategies, and risk management techniques. Here are five popular undergraduate degrees:
1. Bachelor of Commerce (B.Com.) in Accounting and Finance
Duration: 3 years
Fees: INR 50,000–70,000 per annum
2. Bachelor of Business Administration (BBA) in Finance
Duration: 3 years
Fees: INR 15,000–21,000 per annum
3. Bachelor of Science (B.Sc.) in Finance and Investment Analysis
Duration: 3 years
Fees: INR 50,000–3 lakhs per annum
4. Bachelor of Economics (B.Econ) in Finance
Duration: 3 years
Fees: INR 15,000–65,000 per annum
5. Bachelor of Arts (B.A.) in Finance and Banking
Duration: 3 years
Fees: INR 20,000–30,000 per annum
Diplomas in Finance
Diploma courses can provide a more focused and practical approach to financial education. They are shorter in duration compared to undergraduate degrees, making them ideal for those looking to enter the workforce quickly.
Here are some popular diploma courses in finance:Diploma in Financial Management
- Diploma in Investment Banking
- Diploma in Risk Management
- Diploma in Corporate Finance
- Diploma in Financial Planning and Wealth Management
- Diploma in Accounting and Taxation
- Diploma In Insurance and Banking
These diplomas provide practical skills that are highly valued by employers, giving students a competitive edge in their careers.
Upskilling Courses in Finance
In addition to undergraduate degrees and diplomas, upskilling courses in finance can significantly enhance your career prospects. These certification courses focus on specific areas within finance and provide specialised knowledge and skills.
Here are a few popular courses:
- Certified Financial Planner (CFP)
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Certified Public Accountant (CPA)
- Investment Banking Certification Programme
These certification courses not only enhance your knowledge but also boost your credibility in the job market, opening doors to lucrative career opportunities.
Specialisations in Finance
When it comes to pursuing a career in finance, there are numerous specialisations you can choose from. Each specialisation offers unique opportunities and requires specific skill sets.
Here are the most popular specialisation courses that one can pursue in finance:
- Corporate Finance
- Investment Banking
- Financial Planning and Analysis
- Risk Management
- Financial Consulting
- Wealth Management
- Financial Modelling
- Capital Markets
- Treasury Management
- Insurance and Actuarial Science
Invest in Your Future!
Investing in your future by pursuing finance courses after 12th grade can open up a world of opportunities for you. With the ever-growing finance industry in India, there is a high demand for skilled professionals in various sectors.
Whether it's an undergraduate degree, diploma, or certification course, WIZR can connect you with top institutions and even assist with financing options. So take charge of your future today and embark on a fulfilling career in finance!
FAQs
1. What government jobs can I apply for with a finance degree?
With a finance degree, you can apply for various government jobs such as income tax officer, accounts officer, bank probationary officer (PO), and financial analyst in government organisations like RBI and SEBI.
2. Which are the most sought-after finance specialisations?
Some of the most sought-after finance specialisations include investment banking, corporate finance, financial planning and analysis (FP&A), risk management, financial consulting, and wealth management.
3. Which industries have a high demand for finance graduates?
Industries such as banking and financial services, insurance companies, consulting firms, investment firms, stockbroking companies, real estate companies, and multinational corporations have a high demand for finance graduates.
4. Do finance professionals need any technical skills?
Yes! Finance professionals should have strong analytical skills, proficiency in financial software like Excel and Tally ERP 9, knowledge of accounting principles and taxation laws, and an understanding of financial markets and instruments.
5. Is BBA or B.Com. better for finance jobs?
Both BBA (Bachelor of Business Administration) and B.Com (Bachelor of Commerce) provide a strong foundation for finance jobs. However, B.Com. focuses more on accounting and taxation, while B.BA. offers a broader understanding of business management. The choice depends on your interests and career goals.
