Banking and Finance is continuously growing in India. It opens various opportunities for people who want to pursue a career in this field. Indian economy is growing consistently and the financial market is becoming more complex. Qualified professionals possess high demand in the finance, investment, and accounting sectors. The Association of Chartered Certified Accountants (ACCA) is providing opportunities in various high-paying departments. ACCA Salary in India is competitive.
There are many institutes that provide ACCA Courses. Mirchawala’s Hub of Accountancy provides Top ACCA Course in India where many Indian students are studying and getting positions at the National and International Levels.
High-Demand Roles in Banking and Finance
There are various departments in the banking and finance sector. It depends on the qualification, either to go with a specific department or other department. Pursuing ACCA IN India will open the doors to enter any department.
1. Investment Banker
Investment bankers play a vital role in raising the capital, from debit or equity. These bankers are also responsible for mergers and acquisitions. Demand for investment banking is increasing rapidly, especially in big cities like Mumbai, Delhi, and Banglore. According to the glass door, The pay range of investment bankers is ₹6L – ₹19L/yr per annum.
2. Financial Analyst
Financial analysts are responsible for analyzing financial data and providing insights to help businesses make informed investment decisions. They work in a variety of settings, including banks, investment firms, and corporate finance departments. According to the glassdoor, average pay for Financial analysis is ₹6,50,000 per year
Due to the constant growth of financial markets in India, the demand for ACCA is on the rise. Moreover, because of its professional accreditation, choosing to become ACCA-qualified would lead you towards a successful journey of a Financial Analyst. Management Accounting (MA), Financial Accounting (FA), Financial Reporting (FR), Financial Management (FM), Strategic Business Reporting (SBR), Advanced Financial Management (AFM) will build good understanding and concepts in the field of Financial Analyst to ACCA Students.
3. Risk Manager
Risk Managers analyze the risks that businesses can face. It includes operational risk, market risk, and credit risk. This role is significant in ensuring the financial health of the company. According to Indeed, the average salary of the risk manager in India is ₹9,92631. ACCA Courses like Financial Management (FM), Governance, Risk, and Ethics (GRE), Business Analysis (BA), Advanced Financial Management (AFM), and Advanced Performance Management (APM) will help in developing concepts and knowledge of Risk Management.
4. Credit Analyst
Credit Analyses analyze the credit importance for businesses or individuals. They analyze the financial history and the current financial standing of the businesses. This role is crucial in the banking sector specifically in load approval processes. According to Ambition Box, the pay range of Credit Analyst is ₹ 2.2 Lakhs to ₹ 16.0 Lakhs in India.
5. Financial Planner
Financial planners create financial strategies of businesses and individuals to acheive financial goals. This role requires understanding tax, laws and retirement planning. Management Accounting (MA), Financial Accounting (FA), Financial Management (FM), Governance, Risk, and Ethics (GRE), Advanced Financial Management (AFM), Advanced Performance Management (APM), Advanced Taxation (ATX) courses in ACCA help in becoming a knowledge and skillful financial planner.
6. Treasury Manager
The Treasury Manager plays a vital role in managing and organizing the flow of the cash, investments, and financial risk. They ensure that business has the necessary funds for their operation and growth. According to the Ambition box, the salary of the Treasury Manager ranges between ₹ 3.0 Lakhs to ₹ 40.0 Lakhs per annum.
ACCA Courses like Financial Management (FM), Advanced Financial Management (AFM), Business Analysis (BA), Strategic Business Reporting (SBR), Governance, Risk, and Ethics (GRE) will develop the understanding and help students towards their journey of Treasury Manager.
The banking and finance sectors in India provide awesome opportunities and rewarding careers. With qualifications like ACCA, you can get a competitive salary and a bright future in this industry. If you want to pursue ACCA, Mirchawala’s Hub of Accountancy is the ideal institution for ACCA Students in India.
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