Tamil Nadu - Coimbatore   

Cashing in on current boom in financial sector

Anasuya Menon

MANAGING MONEY: Your penchant for numbers can take you places. - Photo: Paul Noronha

Coimbatore: India's economic growth rate is translating in the form of a boom in the country's financial sector. This factor is bringing multinational companies and banks to the country for expanding their services.

Obviously, it means there are great job opportunities in store for youngsters who seek a career in the financial sector. The offers for the enterprising and hard working can be quite lucrative. The financial sector has a lot of new areas, making it a lucrative field for those who are interested in the subject, says K.K. Ramachandran, Director, GRD School of Commerce and International Business. "The financial sector is experiencing a boom. The requirement for skilled hands is also quite high," he adds.

Opportunities are also available in areas of finance and risk analysis. Share broking, retailing, consulting and money changing are a few other areas that offer challenging openings to aspiring candidates.

Though specific courses in finance are few, all Master of Business Administration (MBA) programmes offer finance as one of the specialisations. But, the combination of electives differs according to the choice of individual colleges. Though Equity Research and Portfolio Management, Financial Services, Strategic Cost Management and International Financial Management are some of the common ones, some others such as Mergers and Acquisitions and Global Financial Management are also offered by a few colleges.

However, for those who are looking at an in-depth course in finance, M.Com. (Finance and Control) will be an ideal choice, says Mercia Selvamalar, Head of the Department of M. Com. (Finance and Control), CMS College of Science and Commerce.

The course also does not require a background in commerce subjects.

"Any graduate who is comfortable with numbers and is ready to learn the art and science of money management can pursue it," she adds.

It deals with Capital Market, Money Market and International Finance. It also offers two modules of National Stock Exchange's Certification in Financial Management (NCFM) course, one on capital market and another on mutual funds.

The students would be provided with the study material from the NSE and the examinations could be taken online. Those who have completed the module could seek jobs as capital market advisors for investors and those who have done the module on mutual funds could get jobs in marketing and consulting services.

The course does not involve general management papers. Nehru Maha Vidyalaya College in Coimbatore and Vellalar College for Women in Erode also offer this course.

The D.J. Academy for Managerial Excellence offers a certificate course in Merchant Banking and Financial Services, an application-oriented course most often a 10 to 15-day module.

"This is to give the students something more than the curriculum," says B. Sudhakar, principal.

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