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Finance as a career option offers broader aspects in knowledge, effective potential to earn, and amazing future opportunity. A career in finance is dynamic, diverse, and increasingly vital in our complex world. Let’s learn more about the potential the career in finance holds, especially when exploring different careers in finance and identifying the best paying jobs in finance.
The field of finance has a strong earning potential because of following reasons:
Finance has a diverse career path to offer.
Some of the entry-level or freshers jobs in finance include:
Financial Analyst:
Entry-level financial analyst positions involve analysing financial data, report making, decision-making, and problem solving.
Salary range: ₹4–5 lakh per annum
Accountant/Accounts Assistant:
This job focuses on accounting tasks to maintain the financial health of a company. It involves tracking the market, expenditure, making reports, and providing monthly assistance.
Salary range: ₹2–5 lakh per annum
Investment Banking Analyst:
Usually placed at an investment bank, this role includes assisting bankers and handling IPOs.
Salary range: ₹2.5–5 lakh per annum
Auditor Trainee:
Typically placed in internal or external audit departments to verify finance reports and report to seniors.
Salary range: ₹2.3 - 4.5 lakh per annum
Financial Planner Trainee:
Works under senior employees to provide advice on investment and retirement plans.
Salary range: ₹1–3 lakh per annum
Some of the intermediate-level finance jobs include:
Senior Financial Analyst:
Responsibilities include in-depth financial analysis, modelling, forecasting, budgeting, investment analysis, and risk management.
Salary: ₹3–19 lakh per annum
Investment Banking Associate:
Manages analysts, interacts with clients, and executes deals while conducting market research.
Salary: ₹17–23 lakh per annum
Portfolio Manager/Assistant Portfolio Manager:
Handles client interaction and manages portfolios based on client objectives.
Salary: ₹7–16 lakh per annum
Corporate Finance Manager:
Focuses on financial planning, investment analysis, capital management, and team leadership.
Salary: ₹17–25 lakh per annum
Internal Audit Manager/Senior Auditor:
Develops audit plans, leads audits, and assesses risks and controls.
Salary: ₹16–25 lakh per annum
Some of the high-level jobs in finance include:
Chief Financial Officer (CFO):
Handles financial strategy, planning, reporting, mergers, investor relations, and advises the CEO or board.
Salary: ₹22 lakh–1.5 crore per annum
Chief Investment Officer (CIO):
Oversees investment strategies, portfolio management, market analysis, and stakeholder communication.
Salary: ₹30–50 lakh per annum
Treasurer:
Manages liquidity, debt, banking relationships, and financial planning.
Salary: ₹20–25 lakh per annum
Controller/Chief Accounting Officer:
Manages accounting accuracy, compliance, reporting, and policies.
Salary: ₹20–38 lakh per annum
Here is a list of remote and freelance jobs in finance:
Financial Analysis and Modeling:
Includes financial statement review, ratio analysis, and scenario modelling.
Salary: ₹5 lakh per annum
Bookkeeping:
Involves recording transactions, maintaining ledgers, and ensuring accuracy.
Salary: ₹4–5 lakh per annum
Financial Consulting:
Includes client advising, data analysis, forecasting, and solution building.
Salary: ₹1–8 lakh per annum
Tax Consulting and Preparation:
Involves tax strategy, filing, and financial modelling.
Salary: ₹10–25 lakh per annum
Virtual CFO Services:
Offers strategic decision-making, forecasting, and risk management remotely.
Salary: ₹3–5 lakh per annum
A guide on corporate finance and investment finance:
Corporate Finance:
Role: In a corporate setting, decisions are made that impact the overall company.
Activities:
Investment Banking:
Role: Assists clients from corporate, government, or institutional organizations.
Activities:
There are many things to take care of while preparing your resume for a finance job. Here are some of them:
A guide for your finance career plan:
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