Education & Career Trends: February 9, 2023
Curated by the Knowledge Team of ICS Career GPS
- Excerpts are taken from an article published on thehindu .com.
Personal Finance is a field that is rapidly developing. Over the coming decades, it is anticipated that the Indian economy will strengthen. The complexity of the financial markets has increased significantly over the past several years as a result of causes such as global instability, technology advancements, shifting worldwide investment patterns, and others.
Certifications like these are an option for those considering a career in finance:
Chartered Financial Analyst (CFA): Financial analysts and equities research specialists are increasingly interested in earning the CFA charter, which was formerly only sought after by institutional money managers.
Certified Financial Planner (CFP): Professionals may choose to go through the CFP certification process if they wish to adopt a more comprehensive strategy for financial advising for their customers. Financial planning, investments, insurance, retirement savings, taxes, and other topics are covered in the course material.
Chartered Wealth Manager (CWM): The CWM Designation, recognised in more than 150 nations, is the pinnacle of career advancement in wealth management. It enables one to advise others on how to accumulate, hold onto, and pass on assets.
Chartered Alternative Investment Analyst (CAIA): Candidates who complete the training will have a solid foundation in the fundamentals and an in-depth understanding of managed futures, hedge funds, real estate, private equity, and other topics.
MBA Finance: Students will gain understanding and skills in financial statement analysis, economic trend prediction, investment portfolio selection, stock value maximisation, and risk-reward balancing.
What kind of job roles can you land?
Wealth Manager: They provide various services to private, high-net-worth individuals and wealthy families, including portfolio management, estate, retirement planning, and tax services.
Financial Planner: Aids customers meet their short-term cash requirements and long-term financial objectives. Their concentration might be generalised or focused.
Research Analyst: Market, operational, financial, accounting, economic, and customer data are topics that a research analyst digs into, before presenting his/her findings.
Financial Advisor: They can work in a variety of sectors, including wealth management firms, which require them to bring in new clients and cross-sell the company’s wide range of financial services; family offices, which provides the type of situation and result preparation to help clients make the right investment opportunities and support with issues like debt management; fintech firms and banks, which assist the client in selecting the most appropriate financial solutions; and registered investment advisors, who help clients choose investments that are appropriate for their needs.
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Have you checked out yesterday’s blog yet?
Why Self-Determination Is Necessary For Well-Being
(Disclaimer: The opinions expressed in the article mentioned above are those of the author(s). They do not purport to reflect the opinions or views of ICS Career GPS or its staff.)
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