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Basic finance terms that every entrepreneur should fully understand

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NEW AGE CAREER OPTIONS IN FINANCE
Puja Tandon highlights lucrative career paths in the exciting world of Finance.
The brave new corporate, is an exciting place to be in right now. If there is a right time and right place
this is
it. Many indicators are moving north! But as always, it will make things better if we are prepared and if we
know what to expect. In today’s fast paced world planning a career is a great challenge. The tremendous
growth in the economy is opening up new opportunities as new businesses get set up. India has become
a global
hunting ground for talent. Now we have the opportunity to think of “global” careers. A career as a finance
professional today is vastly different than it used to be years ago. The study and analysis of today’s
markets,
financial products and other financially related sectors of the business world are the foundation of
financial
activities to date. Stockbroker, financial planner, and investment banker are just a few examples of jobs
that
may be chosen when pursuing a career in finance. As finance grows year to year, being accurate and up
to date
with financial information and financial techniques is essential when considering a career in finance.
New trends in Financial Markets:
Financial markets across the world are getting integrated and complex due to technological
advancements of
most of the erstwhile closed economies. This process warranted the market professionals to be equipped
with
the knowledge of the various market processes, and the understanding of broader role of various
segments of
the markets. Over the past few years the financial market has seen a tremendous change in the activities
that
are transacted in it. Reliance , Infosys, Wipro, L&T, Mahindra & Mahindra, ICICI, Satyam are few amongst
the
many companies who have tapped offshore markets to raise capital. The journey of IDR has just begun.
The
conditions set for the issue are stiffer; yet taking into confidence the realities of market conditions is a step
for the convergence and harmonisation of whole stock markets. The introduction of derivatives has
brought in
a number of challenges. These assets are like dynamite. Used properly, they can be extremely effective
and
beneficial. The problem is they can also destroy careless users. There are several problems faced by
derivatives markets across the globe. Even today, majority of the investing public do not share the
advantages
of these products due to the enormous margin requirements. The Indian stock market is on the roll.
Today
India is one of the favourite investment destinations of FII’s. Restructuring and consolidation have
become a
norm rather than an exception. Internet has touched almost all aspects of our lives. In their quest to
differentiate their services and gain competitive advantage over their competitors, the financial service
providers are trying to provide their services to the customers in the comfort of their homes. The internet
has
emerged as a convenient channel for these service providers. Internet-Based trading technologies
together
with shifts in the economy and the business environment are transforming treasury investing. Online
trading
platforms are making significant inroads into cash management functions; treasurers are increasingly
relying
on these tools to find and execute the best trades. Banking sector is also witnessing changes. Banks are
eyeing

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retail segment as it offers immense opportunities. However, on the governance front, the sector is facing
multiple challenges like: increased competition, rising customer expectations, and diminishing customer
loyalty. Corporate governance is in fact the crying need of the day as Indian banks endeavor to make
global
players. Mutual funds are also competing with commercial banks in the race for retail investor’s savings
and
corporate float money. The power shift towards mutual funds has become obvious. The coming years will
show
that the traditional saving avenues are losing out in the current scenario. Many investors are realising that
investments in savings accounts are as good as locking up their deposits in a closet. The opportunities in
finance are many with a wide choice of organisations and jobs to choose from. Prof. Vijay Page, Director
General - MET Institute of Management says “The financial sector is now poised for a quantum leap and
the
challenges are so vast that they will fulfill the aspirations of the innovators, the workaholics as well as the
researchers from all streams of society. Those who join the finance sector in the take off stage will
dominate
business and trade worldwide for decades to come.”
Careers and Job Information
“Finance is the key when you think about strategy, because what are we all about? It’s about creating
shareholder value.” You can grow a company volumetrically as much as you want and you may not
create any
value at all. So underpinning all of those strategic decisions to sell properties or to make acquisitions is
the
financial analysis says Janet F. Clark, CFO Marathon Oil Corp.
Today's finance professionals assume a broad range of responsibilities involving capital budgeting, risk
management, project analysis and evaluation, and short-term and long-term financial planning. Finance
professionals are key to the strategic management and success of the business enterprise. They are
often
responsible for making investment decisions and determining financial policy for their organisations.
The finance career field includes:
CORPORATE FINANCE
In Corporate finance you would work for a company to help it find various sources to raise finance, grow
the
business, make acquisitions, plan for it’s financial future , manage any cash in hand and ensure future
economic viability.
Job Options
The following are just a few of the job options available for professionals seeking a career in coporate
finance:
Treasurer: responsible for capital raising, financial planning, cash and asset management.
Impeccable analytical abilities as well as management and motivation skills are essential in this upper
level
administrative position.
Credit Manager: Responsibilities consist of establishing rules for credit collection as well as for the
securitisation of receivables. Must be able to analyse accounting data and know a lot about their
customers.
Investor Relations Officer: responsible for publishing corporate financial information and events through
press releases, coordinating with investors and replying to investor inquiries. You are in close contact with
top
management officials and demands you understand both finance as well as public relations.
Controller: Responsibilities include accounting, cost analysis, financial planning and reporting, creating
costing systems, transfer pricing issues. CA/Cost Accountant with extensive experience in the field. For
this
function candidates need to prepare themselves academically with at least a bachelor’s degree in
accounting,
finance, economics, or business administration. In an increasingly competitive market, a master’s
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NEW AGE CAREER OPTIONS IN FINANCE Puja Tandon highlights lucrative career paths in the exciting world of Finance. The brave new corporate, is an exciting place to be in right now. If there is a right time and right place – this is it. Many indicators are moving north! But as always, it will make things better if we are prepared and if we know what to expect. In today’s fast paced world planning a career is a great challenge. The tremendous growth in the economy is opening up new opportunities as new businesses get set up. India has become a global hunting ground for talent. Now we have the opportunity to think of “global” careers. A career as a finance professional today is vastly different than it used to be years ago. The study and analysis of today’s markets, financial products and other financially related sectors of the business world are the foundation of financial activities to date. Stockbroker, financial planner, and investment banker are just a few examples of jobs that may be chosen when pursuing a career in finance. As finance grows year to year, being accurate and up to date with financial information and financial techniques is essential when considering a career in finance. New trends in Financial Markets: Financial markets across the world are getting integrated and complex due to technological advancements of most of the erstwhile closed economies. This process warranted the market professionals to be equipped with the knowledge of the various ma ...
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This is great! Exactly what I wanted.

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