Hello everyone hi welcome to the channel of Streetwalker friends today we are going to learn a tutorial on careers in financed ever a student was coming on let it be from the bachelors their be from masters in Mcom or let it be MBA he’s always in a dilemma that what exactly should go for finance is wide it’s like an ocean because there are tons of opportunity tons of areas so let’s get into details regarding this as you can see in this picture.
They’re a couple of things risk management corporate finance equity research commercial banking investment management or asset management and Investment Banking so let’s try and understand this see finance industry has written as exponential growth in the past 2 decades and a number of specialized fields have appeared within a broader domain of finance see this has also led to mushrooming of a number of new career rules aiming at providing certain specialized service to individuals and institutional clients which happens over here.
Management commercial banking
So today Investment Banking risk management Investment Management commercial banking Equity Research this was commercial banking equity research and a number of other areas re that is a corporate finance special interest in finance require people with expert knowledge and a certain skill set to fill in the shoes this trend of continuing focus on expertise in specific function area of Finance has made it that much more difficult to make his choice of a career in finance.
Here we he would attempt to provide an overview of some of the most popular career rules in finance and what it takes to be successful at them so we’ll start with the top careers in finance the top careers in finance so we’ll start with the first one that is the 1st is we’ll take as investment banking now when we talk about investment banking investment banking bankers investment bankers usually facility brokering of major transaction of the large institutional clients including you can say M&A and underwriting for equities you can say debt and debt securities to raise major capital and corporate restructuring among the other things.
It is one of the most preferred career choices in finance for the kind of the recognition that they get and the reward earned in terms of the big pay packages and bonuses it is an intensely competitive field requiring a combination of financial expertise excellent negotiation skills and a high level of confidence most of the large investment banks prefer to hire from the top MBAs with the desired skill set with 75 200 hours a week.
You can just expect to this is like very normal 75 to 100 hours a week it is considered among the poorer choices in terms of the work-life balances however working with a large firm in one of the financial hub including like New York London remuneration and growth prospect would easily be among the best the next that we are going to learn is the asset management now asset managers basically they help the high net-worth individuals which are known as a Chennai’s and institutional clients they identify suitable avenues for the investment for the clients and to help realize their wealth creation goals and to develop and implement long-term investment strategies to achieve the same the perks are among the best in the industry and the demand for the skill asset management will continue to rise and work hours are much better than what Investment Banking was and it is making possible a good work-life balance professionals with like CFA and CIMA certified investment management analyst could best fit for this rule the next step.
Career in commercial banking
We are going to discuss is commercial banking now this career in finance that is the commercial bank the offer a host of retail banking services to business as well as the individuals including checking these saving accounts issuing of Debit and credit cards along with a line of you can say LOC that is the line of credit depending on the creditworthiness of the client so some of the most popular rules in commercial banking sector is like you know there’s like loan officer trust officer mortgage banker bank teller branch manager and so on and so forth so usually different skill set might be required in keeping with the nature of this specific rule growth prospects of good in commercial banking with moderately good to be decent pay packages for professionals in higher or more technical position so work hours are usually among the best especially with the PSU that is public sector units or banks.
Now the 4th that we are going to study is equity research that is ER equity research basically involves the comprehensive analysis of stocks including financial modeling and valuations you can right over here FM now a financial modeling and value to help and decide the worth of these certain investments this work of equity Research Analyst helps individual as well as the institutional investors make critical investment decisions this is one of the most valued careered rules in finance.
which requires insightful knowledge of financial concepts a good amount of patience high level of ethics to be able to carry out professional responsibilities as desired perks are undoubtedly among the best and the work hours are really good enough as compared to the investment banking and as compared to the asset management but not better than commercial banking and the work hours and to maintain a very good and healthy work-life balance the next is the 5th thing that we are going to study is a corporate finance.