Here are five emerging careers that are making a mark and poised for growth in the coming years.
In today's uncertain job market, even the jobs once marked 'recession-proof' is not as safe as we thought.
So where should you focus your job search?
Several trends -- existing and emerging -- continue to drive job growth and creation throughout India.
Developments in technology, finance, health care, retail and globalisation, as well as current trends in the economy are clearing the path for several cutting-edge careers to surface.
1. Risk Management Analyst
Growing uncertainties and post 2008 crisis, there is a huge pressure on corporates to strengthen
Their risk management practice across all areas -- credit, markets and operations.
Candidates who understand complex entity structures, strict regulatory mandates, complex
product structures, increasing dynamics in the market conditions will always be in high demand.
Relevant Qualification- CIMA-U.K., PRM, Certified Fraud examiners, Certified internal Auditors
2. Financial Operations-
There is a huge demand for candidates in financial operations industry. Top 25 global investment banks and other financial companies have opened up their off shoring entities where they support global markets, traders, service institutional clients across securities, derivatives, asset management and corporate banking functions.
Profiles are suited for graduates, post graduates, accountants but need specialised understanding of products & global markets.
Relevant Qualification- C.A, ACCA, Certification in Corporate Finance, Graduation in accounts and finance.
3. Financial Planner/Retail Banker
With the overall rise in income levels across India's middle class population, there are huge opportunities for finance candidates specialising in portfolio management. However, lack of quality education is a huge deterrent to the enormous opportunity the country presents. A decent finance candidate with a good degree from a renowned college or university with client servicing skills will be apt for such kind of careers.
Professional having details and in-depth coverage of banking industry will be a huge success in the retail banking sector.
Relevant Qualification- C.F.A, Certification in financial markets, certification in banking
Though niche in segment, several opportunities from small or medium sized companies to large corporations, banks, investment banks & other sectors of finance divisions. A candidate should possess strong and in-depth knowledge of financial management & corporate finance.
Relevant Qualification- A relevant MBA degree from top colleges, Certification in corporate finance
5. Financial Controller/Accountant
With growing number of multinationals coming to India and local companies going abroad across all sectors -- retail, banking, investment banking, insurance, manufacturing, logistics & technology -- there are huge opportunities for talent in the accounting and controllers space.
A candidate needs to have detailed understanding of not only local but also global accounting and finance standards.
Relevant Qualification-Chartered Accounts, ACCA-U.K.