Financial Planning- a promising career
Financial Planners are the latest breed of professionals worldwide, who, through their own entrepreneurial practices or while working with Banks/ Investment Advisory companies prepare financial plans for their clients and help them achieve their financial goals.
The private Wealth Management Industry is witnessing tremendous growth and changes today. Foremost among these changes is the evolution of a discerning customer. Customers are constantly on the look out for broader investment horizons, expect absolute returns and want to be part of all decision-making process pertaining to their investment portfolios.
Today, while boundaries between various financial products are blurring, people are increasingly looking not just at products but at integrated financial solutions that can offer stability of returns along with security.
According to industry experts, the financial sector is poised for a quantum leap in the forthcoming days. As a result, those who join the finance sector at the outset are likely to dominate the business and trade worldwide for many years.
Financial planning provides direction and meaning to a person's financial decisions. It allows a person to understand how each financial decision he makes affects his overall financial position. This is where a financial planner steps in; to plan their investments for better returns. For example, buying a particular investment product might help a person pay off his home loan faster or it might delay his retirement significantly. By viewing each financial decision as part of a whole, he can consider its short and long-term effects on his life goals and thereby feel more secure about his finances and his life.
Financial Planning specialists offer Financial Solutions to consumers. Generally, the course curriculum caters to all segments of the financial services industry. After completing a Financial Planning course, one can diversify his career options into:
- Equity commodity and forex
- Security Analysis
- Fund management
- Portfolio management services
- Investment banking
- Forex trading and management
- Financial engineering
- Academic research
Once a student is trained under a Financial Planning course, he can look for job opportunities in the following sectors:
- Equity/ Commodity Brokers
- Debt Market Dealers
- Research Firms
- PMS Firms
- Investment Banking Firms
- Forex Dealers
- Wealth Management Firms
Thus, thinking beyond B-schools, and moving to F-schools seems a more lucrative option today. The super specialized career option – Financial Planning is likely to be far more rewarding for students looking at enhancing their career options in the near future.
For the list of institutes offering programmes in finance, click here.