Job demand depends on the economy and growth in industry and business. A booming economy means plenty of jobs, even for those who are not so well qualified. When the going gets tough only the well qualified can expect to land jobs and hold on to them. This is true for finance and accounting segment. Businesses of all types need accountants so it is a given that if you have basic qualifications you can land a job but how far you advance or where you start depends on your qualification and knowledge level. There are lakhs of commerce graduates who work as glorified data entry operators using Tally or similar accounting package. Their advance to better positions are held up because they do not have the requisite skills and there are other candidates who have better qualifications such as MBA finance, CA or finance analyst course under their belt.
Businesses may cut down on employees in sales or production but accounting is one area that holds up. At higher levels there are job opportunities such as accounting manager, investment banking consultant, financial analyst, controller of finance, investment advisors and so on. At a basic level, once you complete the short term finance management course you can start by working as credit assessors, for example. One can work at a management level with top level qualification or get started in financial services by compiling data and producing financial reports. At the very top finance managers are in charge of developing business strategies and providing a plan for growth, problem solving and setting up tax matters too. Such managers are responsible for implementing goals, cutting costs, increasing profits and providing a solid financial base for their clients. At the middle level you may work in financial securities and brokerage firm to provide guidance to investor clients and start managing portfolios. In order to get a running start you have to spend more time and money on acquiring better qualifications. Instead, you could consider short term courses in finance that start right after you complete 10+2. This course makes you job-worthy. You can keep studying even as you work. It could be better than studying for a long time like say five years and then look for a job. There is nothing like hands-on experience and then refining knowledge with further studies.
Why short term finance management course?
As said above, you become job ready after successful completion of short term finance management course. Another reason is that finance management is influenced by laws and economic conditions that keep changing. Any time such changes occur, as they are usually announced in the budget, you have to keep abreast. A short term course in finance management keeps you updated and able to take on day to day responsibilities. Yet another reason is that you aspire to a career in finance but, after a short stint in a job you may find that finance is not your cup of tea. You can easily switch lanes at a young age. Still, in this segment there are various options.
Financial modelling jobs
Those in charge of financial modelling rely on data and build models to predict future performance. You need to become expert in Excel since this is a prime tool for modelling. You could work in investment banking, credit rating agencies, project finance and in financial analysis firms. There are openings in industry research, financial advisory services, mutual funds and equity research.
Financial reporting standards compliance
Globalization levels the playing field in finance and even Indian businesses are adopting International Financial Reporting Standards. If your short term course focuses on IFRS then you could join any industry segment, especially international business organizations and work as a skilled IFRS expert or, later on, establish your own consultancy.
With a finance analyst course you can go on to work as a financial planner. There are plenty of small, medium and large enterprises that need services of knowledgeable planners to guide them on investments. There are consultants who provide services to professionals and you could handle their portfolios, providing guidance on planning, wealth management and investment. Even banks that offer such services are likely to recruit planners as relationship managers and portfolio handlers.
Not everyone has the financial resources to pursue a 3 or 5 year MBA course or the dogged determination to study for and become a Chartered Accountant. A degree in Commerce is of little use after 3 years of study. All that you can land is a mediocre job as an accounts clerk. You cannot progress unless you pursue some course in finance and taxation. Short term courses in finance are practical and oriented to give you hands-on training of real life situations. Join a suitable institute that offers placements and you do not even have to worry about hunting for a job.