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Looking for the most in-demand finance jobs in Bangalore?
One of the best ways to make money is by landing a high paying job. Getting a job as a Chartered Accountant or Chartered Financial Analyst can be really lucrative. But what are the other most in-demand finance jobs in Bangalore 2022? You might be surprised.
In the past two decades, Bangalore has evolved herself from a mostly agrarian society to a modern-day urban economic power. With this rise of the economy, came a rise in competition as well. Now there are innumerable options for people in pursuing their career.
The Indian Finance Industry is one such sector that has risen up over the years because of this economic boom with its new jobs being opened everyday. There are many factors to consider when choosing a new job. One of the most important is salary. If you are looking to get into some of the highest paying jobs in finance, then you have definitely come to the right place. A career in finance has been shown to be very rewarding.
The Finance industry forms the backbone of any business organization. The Finance team is responsible for creating a balance sheet for tracking the investments and debt of an organization, as well as formulating the systems of controlling these items. There are many different job roles in the finance department with differing skill sets required to do each in order to gain the maximum benefits from them.
In this article, you will find out what kind of job opportunities are available in Bangalore when it comes to financial services. The job descriptions are presented along with the average salary for each one.
The financial sector in Bangalore is one of the largest employers of manpower and has a favorable job scenario for young professionals. With the advent of globalization, the financial sector witnessed a boom in the demand for professionals in this field. The influx of foreign banks and financial institutions also contributed to this rise in demand for qualified finance professionals.
The Bangalore financial industry is primarily divided into three major segments, namely banking, insurance and mutual funds. Apart from this there are many other sectors like stock markets, real estate, and investment etc., which form an integral part of the economy. The need for experts in these fields is very high and offers great career opportunities to youngsters who aspire to make a mark in their professional life. In India, finance jobs are amongst the highest paying jobs and are highly coveted by young talent across the country.
The Institute of Chartered Accountants of India is one of the most reputed institutes in the country. The work of a chartered accountant is to manage financial accounts and provide advice on financial matters such as taxation, auditing, etc.
An individual who wants to become a chartered accountant needs to clear the CA examination conducted by ICAI every year. The average annual salary of a CA in 2022 ranges between Rs 6 lakhs to Rs 10 lakhs per annum. Some even charge over Rs 1 lakh for doing tax filing for high net worth individuals.
Average Salary: INR 4,80,000
Financial advisors help clients make responsible decisions with their money, whether they’re setting up retirement plans or investing money. They also help their clients identify short- and long-term financial goals and give them advice on how to reach those goals.
Average Salary: INR 4,30,000
Investment Banking is probably the most coveted career path in Finance. Investment bankers are primarily associated with raising capital for corporations, governments, or other entities. An investment banker’s job is to advise organizations on how best to achieve their financial goals and manage risk. They may help clients raise money in capital markets by issuing debt or selling equity, assist them with acquisitions, or provide strategic advisory services for mergers and other types of financial transactions.
The average annual salary of an investment banker depending upon the firm, location and experience ranges between Rs 5 lakhs to Rs 15 lakhs per annum. The work profile of an investment banker includes assisting companies in raising capital from investors, helping them acquire other companies, advising companies on mergers and acquisitions & helping governments raise capital from investors by issuing bonds and securities to the public.
Average Salary: INR 5,00,000
A Financial Analyst is a person who conducts financial analysis for a company, government agency, or organization. The job involves analyzing data, making recommendations based on findings, and providing ongoing support to help the organization make smart business decisions.
Financial Analysts can be generalists who evaluate a range of investment opportunities. Alternatively, they may specialize in certain industries, such as healthcare or technology, or focus on particular types of investments, such as stocks or bonds.
They may also specialize in certain aspects of the financial industry, such as mergers and acquisitions (M&A), risk management, taxes, or trading. Those who work in securities explore investment options and advise clients on stocks and bonds to purchase or sell. Rating analysts assess the creditworthiness of companies that issue debt securities.
Average Salary: INR 3,75,000 – 9,25,000
Financial managers work behind the scenes to ensure that businesses have enough capital available to run operations and meet financial goals. They create reports on financial performance and recommend ways to improve efficiency.
Average Salary: INR 5,25,000 – 11,00,000
The Chartered Financial Analyst is a designation offered by the CFA Institute to investment and financial professionals. It is considered to be one of the most respected designations in the industry. It requires rigorous training, passing three exams and at least four years of work experience. A CFA earns an average salary of INR 6,64,150 per annum in India.
Average Salary: INR 3,75,000 – 10,00,000
Accountants use math skills, analytical skills, and attention to detail to prepare financial records for companies and individuals. They may review tax returns, audit financial statements, perform payroll duties, or deal with accounting operations within a company.
Average Salary: INR 3,00,000 – 11,00,000
A Certified Management Accountant plays a crucial role in managing the finances of an organization. They create financial reports, balance sheets and income statements, prepare budgets and monitor the accounting records and procedures of their organization. They also have to manage risk, budgeting and performance management. A CMA earns an average salary of INR 4,96,000 per annum in India.
Average Salary: INR 5,00,000
CPAs are responsible for preparing tax returns and delivering other accounting services such as audits, evaluations and reviews for their clients or organizations that hire them. They also provide consultancy services related to taxes, investments and insurance.
Average Salary: INR 9,00,000 – 20,00,000
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These are the nine most in-demand finance jobs that you can find in Bangalore. These jobs make for great careers and can be used to supplement your income and provide you with a beautiful life in Bangalore. The job market in India is growing at a rapid pace. With a strong base in the IT sector, thousands are flocking to the country to make their careers there.
At the same time, industry needs skilled workers and finance jobs in particular have some of the highest salary packages available. This list of 9 most in-demand finance jobs can make a profitable career. Bangalore holds great potential for young job seekers to start their career by working in one of the most sought after industries in Bangalore. Demand for the Financial sector is on the boom with companies of all sizes scrambling to find trained resources in the city.