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    Five Reasons Why You should Pursue a Career in Finance

    by BML Munjal University December 31, 2021

    The finance sector is one of those industries that will be present forever across all sectors, including business, commerce, retail, banking, and many more. Therefore, a career in finance will stay relevant and ever-evolving at all times. Moreover, the finance sector is an exciting place to be as it constantly advances and expands. There are numerous reasons to be part of this industry for aspirants who want to build a career in the finance sector. This career path has endless opportunities for the aspirants by offering them various job profiles in banking, accounting business and many more.

    Moreover, the majority of the companies are expanding to new exciting ventures, thus increasing the demand for these finance professionals. Aspirants can opt for a BBA finance course to kickstart their finance careers. Based on many surveys and data provided by renowned organisations, the finance sector will bloom more in the coming times. The growing demand for finance job roles has given rise to BBA colleges that offer BBA courses with specialisations.

    According to the Bureau of Labor Statistics, “It is estimated that finance sector jobs are projected to grow 5% from 2019 to 2029”. In addition to this, the BLS estimates, “Employment in business and financial operations occupations is projected to grow 5% from 2019 to 2029—faster than the overall average for occupations”

    Why Pursue a Finance Career?

    Let’s look at some of the important reasons to pursue Finance career:

    • The finance sector is dynamic: The digital era has changed the functioning of all industries and continues to change the finance industry landscape. The technological advances in this sector will create new opportunities for finance professionals to outgrow and explore new horizons. Therefore, it will be quite beneficial for the candidates to venture into this shifting industry as they will be able to join an exciting financial revolution.
    • A challenging career path: Though the finance sector is ever-evolving, it has its fair share of challenges as well. The most significant blow it went through recently was the COVID-19 phase. This crisis shook the entire country in unpredictable ways and created new challenges for finance professionals. These professionals had to tackle the uncertain issues in a new way and re-engage the customers in contemporary ways. Thus, enabling these professionals to constantly refine their strengths, increase their adaptability, and boost their work ethic.
    • Helps in improving interpersonal skills: Since this industry heavily relies on customer interaction and satisfaction, it requires industry professionals to have some excellent characteristic traits. In addition, especially with the collaboration of technology with this industry, the employees need to have great communication skills and customer-facing skills. Thus, being in this field, professionals can constantly improve their interpersonal skills. |
    • Huge career-growth opportunities: The finance job roles are constantly evolving and changing. Therefore, professionals in this field have a high chance of career development in a short period as they can always keep shifting to new roles based on their strengths and interests. With such scope for growth, this career field will be valued and in –demand in the coming times.
    • New places to explore: This career path can open up opportunities to travel globally and explore new places, as finance is a profession that is needed worldwide. In addition to this, there are many career roles for finance professionals. These professionals can amplify their CVs by constantly working under multiple designations and overseas.

    Hence, we can conclude that a Finance career will always keep you engaged and aware of the market trends. Aspirants who want to pursue a career in fiancé should look for BBA admissions after completing their higher secondary schooling.

    Which is the Best Career in Finance?

    The “best” finance career can vary depending on individual preferences, skills, and career goals. However, some highly sought-after and rewarding career paths in finance include:

    • Investment Banking
    • Asset Management
    • Private Equity/Venture Capital
    • Financial Analysis
    • Risk Management
    • Corporate Finance
    • Financial Planning and Wealth Management
    • Quantitative Finance
    • Insurance and Actuarial Science
    • Fintech  

    Ultimately, the “best” career in finance in India is one that aligns with your interests, strengths, and long-term career objectives. It’s essential to explore different paths, gain relevant experience through internships or entry-level positions, and continuously develop your skills and knowledge to excel in the finance industry. 

    How to Make a Career in Finance? 

    Making a career in finance requires a combination of education, skills development, networking, and gaining practical experience. Here’s a step-by-step guide to help you build a successful finance career:

    • Educational Foundation: Start by obtaining a relevant educational background. This typically involves earning a bachelor’s degree in finance, accounting, economics, business administration, or a related field.
    • Gain Knowledge and Skills: Develop a strong foundation in finance concepts, including financial analysis, investment principles, risk management, and corporate finance. Stay updated on industry trends, regulations, and emerging technologies that impact the finance sector.
    • Gain Practical Experience: Seek internships, co-op programs, or entry-level positions in finance-related roles to gain practical experience and exposure to different areas of the finance industry.
    • Obtain Certifications: Consider pursuing professional certifications to enhance your credibility and marketability in the finance industry. Common certifications include Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), Chartered Alternative Investment Analyst (CAIA), Financial Risk Manager (FRM), and Certified Public Accountant (CPA), among others.
    • Specialise: Consider specialising in a specific area of finance based on your interests, strengths, and career goals. This could include investment banking, asset management, financial planning, corporate finance, private equity, venture capital, or fintech, among others. Specialisation can help you stand out in a competitive job market and become an expert in your chosen field.

    By following these steps and remaining proactive and persistent in your career development efforts, you can build a successful and rewarding career in finance. Some of the top-notch colleges, like BMU, offer courses in BBA finance where students can engage themselves in various subjects. Their BBA finance subjects vary from accounts, economics, management, and business laws to behaviour. Their course aims to impart knowledge in business and teach the aspirants to analyse the impact of the economy and laws on business. The aspirants can also get a detailed study of how technology impacts the business world in the modern world. Thus, aspirants who want to build a career in Finance should take BBA admissions to make their careers grow.

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