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I am 37 yrs old and want to start Career in Finance. How can I start at this age in Finance?
Careers in Finance are :
Retail Banking : General Public Bank Services like Account opening, Mortgage, Loans, etc.
Private Banks recruit Commerce Graduates to MBA for their Retail Bank Outlets. Government Banks recruit based on Bank PO Exams.
CFA is a good certification for Financial Analyst position in Banks.
Accountancy & Tax :Accounting and Taxation of Companies/Corporates. Chartered Accountant in India & Certified Public Accountant (Global Certification). Compliance & Risk :Responsible for the governance, Risk & compliance of Companies & Corporations.Requires Exception Complex Mathematical Skills to calculate Risk in Finance.
Company Secretary | Certifications: FRM (Financial Risk Management).
Corporate Law : Deals with the operations & formation of Corporation (Commercial & Leagal). LLB after Graduation required for this Career.
Insurance : Insurance is a growing industry yet to reach the Rural part of India. IRDA offers a certification in Insurance to gain a License. (Eligibility is 12th standard/ 10th standard).
Trading : Trading Stocks/ Currencies/Metals require proficiency in understanding of the Trading Software & factors affecting fluctuation. Chartered Market Technican is a Global Certification to study Charts.
NCFM Certifications offered by NSE.
Fund Management : A Fund Manager is responsible of managing the money of individuals by investing in mutual funds, etc. NSE offers Portfolio Management Certifications,
Investment Banking : Deals with Mergers & Acquisitions. There are Institutes, Investments Banks which provide training and Certifications in Investment Banking. Investment Banks also hire CFA ,CA, MBA, in finance from reputed Colleges.
Actuarial :Actuaries calculate the Financial Risk in Insurance premiums, Investments, etc.Bachelors in Acturial Science after 12th standard OR Global Certification in Financial Risk Management.
If you don't have prior experience in Finance and starting a Career in Finance at the age of 37, getting into Corporate Finance , Risk Management, Investment Banking or Corporate Law is not advisable. You can start in Retail Banking (starting with a clerical job in private banks or Government Bank PO Exams) or Fund management certifications (Private or NSE- NCFM Certifications).
