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Understanding What is Finance: Career Scope and Skill Required?

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What is Finance


What is Finance opens the door to a vast field brimming with diverse career opportunities. From corporate finance to investment banking, finance offers a spectrum of roles, promising competitive salaries, career growth, and stability. This blog explores the intricacies of the finance industry, shedding light on the education, skills, and career paths essential for success in What is Finance.

Skills Required

IT Skills

Eligibility and Courses


Under graduation/Diploma/Certification


The candidate should pass class 12 from a recognized board.

The candidates can go for undergraduate/diploma or certificate courses such as NSE’s Certification in Financial Markets, NISM V-A Certification to make a career in stockbroking.

After graduation, the candidates can go for higher studies or post-graduation from a recognized college.

Although the stream is not specified but subjects like business, maths, and finance are preferred.

In the field, a bachelor’s degree in business administration, finance, economics, statistics, mathematics, or quantitative analysis is beneficial.

The candidate can study MBA or M.Com in finance. 

Try to gain a minimum percentage to get admission to colleges.

Try to gain a minimum of 50-60% to get admission for post-graduation.

Try to gain a minimum of 50-60% to get a job in a reputed company.

Top Colleges

College name


Narsee Monjee College of Commerce and Economics



Christ University



Loyola Academy Degree and PG College



B.K Birla College Of Arts Science & Commerce



St. Aloysius College


Narsee Monjee Institute of Management Studies – [NMIMS], Mumbai

Mumbai, Maharashtra


St Thomas’ College



Amity University


Entrance Exams

Exam name



The CAT exam is conducted by the Indian Institutes of Management (IIMs) on a rotational basis.  The purpose of the CAT exam is to evaluate a candidate’s aptitude, reasoning, and communication skills for admission to various postgraduate management programs, including Master of Business Administration (MBA) and Master of Finance programs. 

MAT (Management Aptitude Test)


MAT is a national-level entrance exam conducted by the All India Management Association (AIMA) for admission to various MBA and other management programs offered by participating institutions across India. 

GMAT (Graduate Management Admission Test)

GMAT is a standardized entrance exam conducted by the Graduate Management Admission Council (GMAC) for admission to various graduate management programs, including MBA and Master of Finance programs, offered by business schools worldwide. 

NPAT (National Test for Programs After Twelfth)

NPAT is an entrance exam conducted by NMIMS (Narsee Monjee Institute of Management Studies) University for admission to various undergraduate and integrated degree programs in management, commerce, economics, and engineering.

Job Profiles

Job roles

Job description

Financial Analyst

They evaluate data and trends in financial investments to provide recommendations to the appropriate organizations. They usually provide advice to companies who are seeking investment.

Investment Banker

An investment banker helps organizations and high-net-worth individuals raise capital by underwriting and selling securities. The role involves conducting due diligence, preparing financial models, and negotiating deals. 

Wealth Manager

A wealth manager helps high-net-worth individuals and families manage their finances and investments. The role involves analyzing a client’s financial situation, creating an investment strategy, and managing the client’s portfolio. 

Financial Advisor

A financial advisor helps individuals and organizations manage their finances and investments. The role involves analyzing a client’s financial situation, creating an investment strategy, and providing guidance on financial decisions. 

Risk Manager

A risk manager helps organizations identify, assess, and mitigate financial risks. The role involves developing risk management strategies, creating risk models, and monitoring the effectiveness of risk management processes. 

Stock market analyst

Stock Market Analysts are responsible for thoroughly analyzing and examining the company’s different investments. They must collaborate with fund managers, investment brokers, and investment banks.

Securities trader

To make money for their employer, security trader sells and buys securities on their employer’s behalf.

Financial manager

They are in charge of an organization’s financial concerns or goals. They work in-house for a company to identify solutions to enhance the company’s financial situation.

Personal Financial Advisor

They advise their customers on investments and finances. They help customers achieve their financial and investment objectives by listening to their needs. They recommend the finest investment solutions.


FAQs about Career in Fianace

What is Finance and its importance?

Finance is a vast field that offers diverse career opportunities in areas like corporate finance and investment banking. It’s crucial for economic growth, offering competitive salaries, career growth, and stability.

What skills are required in the finance industry?

The finance industry demands a mix of technical and IT skills, including financial analysis, risk management, investment management, financial modeling, data analysis, proficiency in financial software, and cybersecurity.

What are the eligibility criteria and courses for a career in finance?

A candidate should pass class 12, then opt for undergraduate/diploma or certificate courses in finance. Post-graduation from a recognized college in finance is beneficial.

What are the job profiles in the finance industry?

Job profiles in the finance industry include Financial Analyst, Investment Banker, Wealth Manager, Financial Advisor, Risk Manager, Stock Market Analyst, Securities Trader, Financial Manager, and Personal Financial Advisor.

Who are the top recruiters in the finance field in India?

Top recruiters in the finance field in India include Reliance Capital Ltd, JP Morgan, HDFC, ICICI Direct, Angel Broking Limited, India Infoline, Sharekhan Limited, Indiabulls, Karvy Consultancy, and Kotak Securities Ltd.

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