Kanwar Singh Sidhu

What are the common myths about Finance Managers and their work?

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by Kanwar Singh Sidhu
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RE: What are the common myths about Finance Managers and their work?

Preeti Taneja
Preeti Taneja
Verified Career Expert
Dy. Manager Education & Counselling, Welspun India Limited
  • Chandigarh
Finance is one of the fastest growing profession across the world and with a huge demand-supply gap in India, the youngsters planning a career in finance havea brightfuture and can take advantage of many opportunities coming across in the financial service industry. Managing money is a tricky business , managing otherpeoplemoney is not just tricky ; its alot challenging and difficult . Considering most people need guidance on where to invest , how to save taxes , the best insurance scheme, which fund to invest in , which stock to hold , which one to sell, how to plan children education and their own retirement . Finance experts are most sought with a fast growing working population that earns well, and needs expert handling of their finances.

Work Areas of Financial Experts:-

Wealth Management- Wealth management is an investment advisory discipline that incorporates financial planning , investment portfolio management and a number of aggregated financial services. High net worth individuals, small business owners and families who desire the assistance of credentialed financial advisory specialist call upon wealth managers to coordinate retail banking , estate planning, legal resources , tax professionals and investment management. Wealth managers can be independent , certified financial planners . Wealth management can be provided by banks , brokerages, independent financial ad-visors or multi-licensed portfolio managers whose services are designed to focus on high net worth customers.

Corporate Finance- A career in corporate finance means you would work for a company to help it find money to run the business, grow the business, make acquisitions , plan for its financial future and manage any cash on hand. You might for a large multinational company or a smaller player with high growth prospects. The job of the financial officer is to create value for a company. As a corporate financial professional one is typically involved in four main activities i.e designing , implementing and monitoring financial policies , planning and executing the financial programme , managing cash resources and interfacing with the financial community and investors.

Equity Research and Sales- The role of equity researcher is to find out the correct value of the stock which is trading on the stock exchange doing various types of research namely fundamental and technical analysis.There are two types of ERs though. One is the sell side research which belongs to a brokerage, the aim is to research and sell investment ideas to investors so as to earn commission on trading by the investors. The second is buy-side research , which is a part of usually a buy side fund like a mutual fund. They analyse the research result of various brokerages in addition to their own research on investment ideas for fund manager.

Project Finance & Loan Syndication- His role entails arranging for long term finance for infrastructure and industrial projects which will take a long time to pay back.

Financial Risk Management- is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk.

Fund Management- As a fund manager , one is an important decision maker typically at a mutual fund . The fund manager has a good overall understanding of the macro factors which affect the markets as well as the micro factors about which company to invest in . He invest money in stock market , debt market , directly into companies etc depending upon his fund mandate.

RE: What are the common myths about Finance Managers and their work?

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