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Subject: Current Requirement and Importance.
Date: 30-Jul-2008
Question: Resp. Sir,

I am Mast. Parth Jha and am currently studying in 11th class. My family background is totally in finance and am very much interested in it too. I have taken accounts along with Physics, Chemistry and Mathematics.

Answer: Today, when corporate finance has moved from domestic funding to multi currency funding, the nature of financial control has changed from simple accounting to integrated control systems. This control system is based on enterprise resource planning. To manage such financial transactions a new category of financial whiz kids have sprung up, popularly known as Fund Managers and Equity Analysts. The scope for growth in the financial service sector is enormous, because this section is directly linked to the growth of the country\'s economy. And India\'s economy is stated to grow by about 8% in the next decade. It\'s not only about India but international trade sector also offers considerable opportunities. The areas include international financing (both lending and borrowing), multi- currency trading, arranging swaps, international lease financing, etc.

Job in corporate finance essentially entails helping a company find more money to run its business and grow, plan for its financial future, manage all liquidity at hand and may be make a few acquisitions. It also involves working for a large multinational company or a smaller player with high growth prospects. If you have the requisite skills and are able to prove your worth in problem solving, you can grow very fast in the organisation. You can also work as a financial planner, where you can help individuals plan their financial futures. Though this kind of work calls for greater inter - personal skills, many people believe that it is more rewarding both personally and financially. A good financial planner must understand investments, taxes and estate planning.

So all the big companies and government departments need financial planners, managers, CAs, CS and financial analysts.

If you are really interested in the field then you must go for and continue your studies after 10+2 specialising in this subject.

All the best
CareerAge Counselor