Capital markets have been omitted entirely from the Indian education system. This is one of the reasons that most students are unaware of the prestigious and elite job prospects available in the stock market. A shortage of qualified experts in the financial industry has prompted the need for specialized professionals in a variety of verticals, from stock brokers to venture capital analysts, in the last decade.
The capital markets have long intrigued the interest of the general Indian public, which may explain why participation is poor as compared to other developed and/or emerging countries. However with time, the enigma over the capital markets is slowly fading away and they are shedding the labels of fortunate and dangerous that have been attached to them. The Non-Banking Financial Sector is likely to develop much faster than it is now, as more people get involved in India’s growth story. There will be a high demand for specialists in this field due to the strong growth it is seeing and will see in the near future. However, it is important to note that capital markets are far more than picking stocks and making a lot of money; it is a complex, multifaceted industry, and anyone interested in working in it should expect a fast-paced, challenging, and rewarding career!
In this section I would like to talk about what it takes to be successful in the capital markets
PASSION
It goes without mentioning that you must be enthusiastic about the markets. You’ll eventually fizzle out if you don’t have passion, and the markets will always be ruthless to demand you to always learn and change.
HIGH LEVEL OF INTEGRITY
If you operate with a big and profitable financial markets-oriented business, you will be handling assets, and it is ultimately your legal and ethical duty to be responsible for that money. Since the markets are heavily supervised by SEBI, and company-level audits are conducted on a daily basis to ensure compliance, only those with the highest degree of integrity are permitted to operate here.
DIFFERENT JOB CHOICES
Investing in the capital market isn’t just about picking stocks; it’s about a lot more. You can operate in Broking and Distribution, Asset Management, Wealth Management, or the ECM side of Investment Banking in capital markets. Having a good understanding of which profession most concerns you can aid you in making more informed job choices.
DECIDE WHAT YOU WANT TO DO
If you’ve decided which part of the capital markets you want to be a part of, it’s critical to remember that, in order for a business to succeed, it requires not just a strong analysis team but also a strong support team. Without a solid operating backbone or IT help, the broking and distribution business, cannot function.
KEEP ON READING
It is well known that stalwarts in the capital markets, such as Warren Buffet, Rakesh Jhunjhunwala, and Raamdeo Agarwal, all have one thing in common: a love of reading. They’re all voracious readers who strive to expand their knowledge base on a regular basis. You must read regularly and learn about what you read, whether it is a newspaper or a book such as The Intelligent Investor.
CERTIFY YOURSELF
A few NCFM and NISM certifications, such as the research analyst qualification for the research analyst profile, are not only required but also demonstrate your commitment to your profession. If you may apply a CFA or CA certification to your resume, it can help you stand out as a serious prospect.
CHOOSE YOUR MENTOR PROPERLY
Even the best of the best, such as Warren Buffet, have failed to make fully correct forecasts in the financial markets! It’s a job in which the industry is often cyclical, and this will have an impact on your results, whether you like it or not. Having a coach who will assist you in rising above those circumstances and coping with various situations would be beneficial.
"There's Always A Scope Of Improvement"
Overall, working in the capital markets is similar to reading a thick, nicely written novel; you know that if you keep reading, you will have a great time, but the urge to stop reading during tough sections is still there. Those with the right outlook will be able to love and appreciate the time spent reading it, and will be able to look back with content.
