Posted by: CIEL Editorial Team on Sun, Jan 13th, 2019
6 Trending Finance and Banking Jobs to Consider after Graduation
Careers in banking, finance, and accountancy are often very demanding and fast-paced. However, if you fancy a career in the banking sector, have a flair for finance, and if challenges motivate you, careers in the BFSI sector can be extremely exciting, rewarding and satisfying.
Banking, finance, and accountancy firms have a lot of power along with a whole lot of accountability and working in this industry can be incredibly challenging.
The BFSI sector also offers diverse career opportunities that you could pursue after you graduate. These include jobs in accountancy firms, investment firms, banks, the public sector, and management consultancy firms, to name a few. Here are some job options to consider in the BFSI sector after graduation.
Accountants work on the transactions, manage a company’s financial accounts to guarantee that they are properly managed and track the flow of money. Accounting is one of the top careers in the financial industry because it essentially includes scrutinizing all the different aspects of a business, weighing financial perspectives, and then reporting results to shareholders and executives. Big responsibility!
2. Financial Analyst
Financial analysts review various statistics on investments and then offer thoughts on which investments are wise and those that are better avoided given the unique set of circumstances, money, market stability, etc. Whether it’s through the stock market, bonds, or other investments, financial analysts are money experts who scrutinize the information they get from the stock market, company annual reports to make investments. Financial analysts write reports and work with a broad range of people and financial institutions.
3. Loan Officers
Loan officers are employed in the banking industry and responsible for screening and approving applications to borrow funds for mortgages, car loans, and other loans. Loan officers help individuals and organizations in applying for personal and business loans, evaluate their creditworthiness and help them decide the most suitable type of loan for their requirements. They act as the link between the institution and the applicant and will seek to find a loan arrangement that is in the best interests of both parties.
4. Relationship Manager
A Relationship Manager is employed by the banking or a broking firm to primarily deal with individual retail customers and advise them on various banking and financial products and services offered by the firm. The job requires thorough financial markets and products knowledge in order to provide sound and reliable advice to clients.
5. Bank Teller
Also known as a cashier, a teller deals directly with most customers. Recognized as the front line in the banking business as they are the first people that a customer interacts with at the bank, cashiers provide account services to customers by receiving deposits and loan payments, cashing checks, issuing savings withdrawals and several other transactions and also assist customers by answering queries.
6. Junior Tax Associate
A position as a junior tax associate is one of the best entry-level finance jobs because the experience and knowledge you gain can serve as a valuable launch pad for better opportunities. A tax associate specializes in providing clients with tax preparation services. A tax associate's job responsibilities include examining financial records to determine clients' refunds or the amount of taxes owed, reviewing tax returns, and filing the appropriate paperwork.
While some may have intellect, adaptability and mathematical aptitude inherently that help build a successful career, but what will sustain you and give you an edge over many others is a thorough knowledge of your chosen subjects in the BFSI industry.
If you think you need to brush up on your basics or strengthen your foundations in finances and banking, leave no stone unturned. Use your time to do interactive, financial management online courses at basic, intermediate and advanced levels developed by subject matter experts who have known the industry for decades.
CIEL’s online banking certification courses can give you practical knowledge to build upon your skills and to launch and grow your career in the BFSI sector. Check out our courses and get in touch with us to learn which courses might be the best fit for you.