Master in Finance is a 2-year postgraduate program, which is generally pursued by students coming from a commerce background. Masters in Finance administers candidates with in-depth knowledge regarding financial management along with forming accounting statistics. Individuals pursuing this course secure knowledge about various commerce theories, investments, stocks as well as finances of people.
Most of the people who pursue this course, either from any institution or any online course selling website, generally aspire to make their career in the commerce field. Though some of them are unaware of what type of professions exactly exists for candidates having this degree. Hence here, we will discuss in detail about top 5 careers you can choose after your Master of Finance course.
Corporate Investment Banker
The first option you need to check out after securing the degree of masters in finance is the job of a corporate investment banker. Among the main traits of a corporate investment banker include a keen interest in the finance field who will have the ability to understand the way money is formed and invested.
They also carry out various financial research for developing financial solutions which include achieving goals as well as administering strategic advice by identifying and obtaining deals for their clients. Corporate investment bankers have strong analytical and numerical skills and are also responsible for communicating technical information in simple words to their clients. The average salary of a corporate investment banker in India is above INR 9 lakhs per annum.
A financial advisor is responsible for providing specialist guidance as well as advice to their clients regarding how they will manage their money. Financial advisors have a variety of fields to specialize in including sectors like investment, estate planning, taxes, savings, mortgages, pensions, etc. They do the work of providing professional recommendations for their clients by doing some research on the marketplace and making sure that the client has secured all the possible information that is needed for him to make a decision for gaining a scale.
Addition to that, it is not necessary that every financial advisor has to work for a company. They can also work independently where they can research and consider all the areas of retail investment products or even providers that can meet the needs of their clients. The average salary of a financial advisor in India is above INR 4 lakhs per year. You can also pursue a financial advisor course from an online course builder, to secure this job position.
A financial analyst is another great option that you need to lock out after securing a master’s in finance degree. The responsibilities of a financial analyst include evaluating various investment opportunities for their employer and giving proper guidance as well as recommendations to justify the investment decision of their employers. A financial analyst should have knowledge regarding current market trends along with the investment opportunities within their specialist area. The average salary of a financial analyst in India is above INR 4 lakhs.
Actuaries generally work in the investment banking sector, pension funds, corporate finance, and insurance companies. Actuaries use their financial as well as statistical theories for assessing the likelihood of various events taking place of their client or employer and take necessary steps to lower various possible risks and financial costs involved. Actuaries primarily present and explain various technical and complex information in an easy way so that non-specialist clients are able to understand it. The average salary of an Actuary in India is INR 10 lakhs per annum.
The career which possesses the fifth position in this list of top careers for Masters in Finance is Stock Broker. Stock Brokers use their strong communication, analytical, and negotiation skills for advising their clients to make informed decisions so that they can go for investing in the right stocks well as the right markets at the perfect time.
In the present time where the world has become very challenging and fast-moving, stock brokers carry out market research to maintain their expertise and knowledge regarding updated financial and tax legislation ensuring the guidance they give to their clients becomes accurate. The average salary of a stockbroker in India is INR 4 lakhs per annum.