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Careers in Finance | Top 5 Career Options you must know! - YouTube
Channel: WallStreetMojo
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hello everyone hi welcome to the channel
of Wallstreetmojo friends today we are
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going to learn a tutorial on careers in
financed ever a student was coming on
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let it be from the bachelors their be
from masters in Mcom or let it be MBA
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he's always in a dilemma that what
exactly should go for finance is wide
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it's like an ocean because there are
tons of opportunity tons of areas so
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let's get into details regarding this as
you can see in this picture they're a
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couple of things
risk management corporate finance equity
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research commercial banking investment
management or asset management and
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Investment Banking so let's try and
understand this see finance industry has
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written as exponential growth in the
past 2 decades and a number of
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specialized fields have appeared within
a broader domain of finance see this has
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also led to mushrooming of a number of
new career rules aiming at providing
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certain specialized service to
individuals and institutional clients
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which happens over here
so today Investment Banking risk
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management Investment Management
commercial banking Equity Research this
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was commercial banking equity research
and a number of other areas re that is a
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corporate finance special interest in
finance require people with expert
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knowledge and a certain skill set to
fill in the shoes this trend of
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continuing focus on expertise in
specific function area of Finance has
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made it that much more difficult to make
his choice of a career in finance here
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we he would attempt to provide an
overview of some of the most popular
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career rules in finance and what it
takes to be successful at them
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so we'll start with the top careers in
finance the top careers in finance so
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we'll start with the first one that is
the 1st is we'll take as investment
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banking now when we talk about
investment banking investment banking
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bankers investment bankers usually
facility brokering of major transaction
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of the large institutional clients
including you can say M&A and
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underwriting for equities you can say
debt and debt securities to raise major
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capital and corporate restructuring
among the other things it is one of the
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most preferred career choices in finance
for the kind of the recognition that
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they get and the reward earned in terms
of the big pay packages and bonuses it
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is an intensely competitive field
requiring a combination of financial
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expertise excellent negotiation skills
and a high level of confidence
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most of the large investment banks prefer
to hire from the top MBAs with the
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desired skill set with 75 200 hours a
week you can just expect to this is like
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very normal 75 to 100 hours a week it is
considered among the poorer choices in
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terms of the work-life balances however
working with a large firm in one of the
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financial hub including like New York
London remuneration and growth prospect
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would easily be among the best the next
that we are going to learn is the asset
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management now asset managers basically they help
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the high net-worth individuals which are
known as a Chennai's and institutional
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clients they identify suitable avenues
for the investment for the clients and
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to help realize their wealth creation
goals and to develop and implement
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long-term investment strategies to
achieve the same the perks are among the
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best in the industry and the demand for
the skill asset management will continue to
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rise and work hours are much better than
what Investment Banking was
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and it is making possible a good
work-life balance professionals with
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like CFA and CIMA certified
investment management analyst could best
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fit for this rule the next step we are
going to discuss is commercial banking
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now this career in finance that is the
commercial bank the offer a host of
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retail banking services to business as
well as the individuals including
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checking these saving accounts issuing
of Debit and credit cards along with a
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line of you can say LOC that is the line
of credit depending on the
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creditworthiness of the client so some
of the most popular rules in commercial
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banking sector is like you know there's
like loan officer trust officer mortgage
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banker bank teller branch manager and so on and so forth so usually different
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skill set might be required in keeping
with the nature of this specific rule
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growth prospects of good in commercial
banking with moderately good to be
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decent pay packages for professionals in
higher or more technical position so
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work hours are usually among the best
especially with the PSU that is public
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sector units or banks now the 4th
that we are going to study is equity
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research that is ER equity research
basically involves the comprehensive
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analysis of stocks including financial
modeling and valuations you can right
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over here FM now a financial modeling
and value to help and decide the worth
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of these certain investments this work
of equity Research Analyst helps
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individual as well as the institutional
investors make critical investment
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decisions this is one of the most valued
careered rules in finance which
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requires insightful knowledge of
financial concepts a good amount of
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patience high level of ethics to be able
to carry out professional
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responsibilities as desired perks are
undoubtedly among the best and the
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work hours are really good enough as
compared to the investment banking and
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as compared to the asset management but
not better than commercial banking and
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the work hours and to maintain a very good and healthy work-life balance the next
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is the 5th thing that we are going to
study is a corporate finance
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now this career is primarily concerned
with the management of all the finance
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activities at the company this is much
broader in scope then invest in banking
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which represents only a sub domain of the corporate finance it is only it only
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deals with the raising major capital
through M&A right and but it also
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actively engages with every form of the
decision-making related to the
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investment capital management and other activities which help maximize the
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strategic growth of the organization see
corporate finance professionals could
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have widely differing work roles and
hence requiring the skill sets would
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vary so the common openings including
the financial analyst tax managers
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treasurer's CFOs and and others I mean
the qualification that requires a CPA
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could be useful designation in
accounting related roles and CFA could
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be advantage for aspiring financial
analyst now the 6th that we are going to
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study is the risk management
now the careers in the finance have
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emerged as one of the key areas of the
interest which involves identifying and
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managing different firm of the financial
risk our risk management professionals
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could be engaged in broad ways financial
risk analyst analysis and different
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scenarios or could be working on the
financial risk modeling FRM the
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remuneration is among the industry's
best and the work hours are usually decent
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FRM that is the financial risk
management and there is another course
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called PRM that is the professional risk
manager art was the best definitely
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financial risk management certification
which could be of a great advantage to
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the risk management professionals so to
make a final conclusion to all of this
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we can say that it would be wide to
chalk out a career plan before opting
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out any of the financial certifications
like CFA FRM PRM etc depending on the
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academics and the professional work
experience a suitable career in finance
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can be chosen to acquire or enhance a
certain skill set for specialized to
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role to build a great career in finance
it is always a best to plan and prepare
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for a most flashlights carrier role
which can potentially lead to higher
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career growth however the choice should
be based on a balancing of relevant
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factors to be able to successfully align
one's skill set areas of the
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professional interest and the career
goals thank you everyone
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