careers in accounting & finance
Post on 10-Apr-2018
236 Views
Preview:
TRANSCRIPT
-
8/8/2019 Careers in Accounting & Finance
1/33
Brought to you by
Careers inCareers in
Accounting and FinanceAccounting and Finance
-
8/8/2019 Careers in Accounting & Finance
2/33
Why study Accounting and Finance?Why study Accounting and Finance?
TheThe SensexSensex crossescrosses 1111,,000000 indicatingindicating thumbsthumbs upup forfor thetheboomingbooming financefinance sectorsector..
FinanceFinance hashas becomebecome aa lucrativelucrative careercareer optionoption fromfrombeingbeing associatedassociated withwith LICLIC agentsagents andand BankingBanking professionalsprofessionals totoPortfolioPortfolio managersmanagers andand CorporateCorporate FinanceFinance advisorsadvisors..
TodaysTodays numbernumber crunchercruncher geniusesgeniuses inin investmentsinvestments andand equitiesequities
havehave aa basketfulbasketful ofof refreshingrefreshing varietyvariety toto choosechoose from,from,toto staystay fiscallyfiscally fitfit..
WithWith globalglobal privateprivate equityequity fundsfunds likelike FidelityFidelity andand TemasekTemasekHoldingsHoldings andand InsuranceInsurance majorsmajors likelike AIGAIG bettingbetting bigbig onon thethe
country,country, thethe financefinance sectorsector isis justjust becomingbecoming aa richrich huntinghuntinggroundground forfor jobjob seekersseekers..
-
8/8/2019 Careers in Accounting & Finance
3/33
Why study Accounting and Finance?Why study Accounting and Finance?
The banking sector witnessed strong growth in deposits andadvances during the year 2004-05. As of March 2005, the
number of commercial banks stood at 289.The aggregatedeposits of scheduled commercial banks increased fromUS$ 331 billion in March 2004 to US$ 374 billion in March2005
The market share of LIC, has clocked 21.87% growth inbusiness at Rs.197.86 billion by selling 2.4 billion new policies in2004-05. It is expected that in the years to follow new jobcreations in this sectoralone will touch a figure greater thanone lakh.
According to Sonal Agrawal, Country Director, Accord Group, aAt the lowest level, base compensation has gone up by 15-20 percent. At the higher level, it is largely the variable
compensation that comes into the picture.
-
8/8/2019 Careers in Accounting & Finance
4/33
Why study Accounting and Finance?Why study Accounting and Finance?
26 percent of the class of 2006 at the IndianInstitute of Management, Bangalore (IIM-B)accepted job offers in Finance with Consulting andinvestment banking being their hot favorites.
70 percent of this batch, in spite of having anengineering degree chose a completely differentcareer in Finance after the two-year PGP course atIIM-B.
In 2004, 15 per cent of CAs joined BPO sectors. In2005, out of 6,179 students, 35 per cent joined BPOsectors. It is estimated that in the next five years,this numberwill increase to 50 per cent from the
35 per cent
-
8/8/2019 Careers in Accounting & Finance
5/33
What is Accounting and Finance?What is Accounting and Finance?
A career in Accounting and Finance provides opportunities invarious areas like-
-
8/8/2019 Careers in Accounting & Finance
6/33
Is Accounting and Finance for you?Is Accounting and Finance for you?
The following table provides information
on skills & qualities required for
a successful career in Accounting
and Finance sector.
-
8/8/2019 Careers in Accounting & Finance
7/33
WhatWhat isis thethe studystudy flowflow forfor AccountingAccounting andand Finance?Finance?
-
8/8/2019 Careers in Accounting & Finance
8/33
The study route in Accounting and Finance
-
8/8/2019 Careers in Accounting & Finance
9/33
The study route in Accounting and Finance
-
8/8/2019 Careers in Accounting & Finance
10/33
The study route in Accounting and Finance
-
8/8/2019 Careers in Accounting & Finance
11/33
The study route in Accounting and Finance
-
8/8/2019 Careers in Accounting & Finance
12/33
The study route forInsuranceThe study route forInsurance
-
8/8/2019 Careers in Accounting & Finance
13/33
Colleges in IndiaColleges in India
Some Colleges offering B.Com withspecialization in Banking & Insurance and
Accounting & Finance (UG)-Mumbai
For further details refer the report on Careers in Accountingand Finance.
-
8/8/2019 Careers in Accounting & Finance
14/33
Colleges in IndiaColleges in India
Commercial Banking, Retail Banking & Financial Planning
Insurance
For further details refer the report on Careers in Accountingand Finance.
-
8/8/2019 Careers in Accounting & Finance
15/33
Colleges in IndiaColleges in India
Accounting & Corporate Finance
Investment Banking
For further details refer the report on Careers in Accountingand Finance.
-
8/8/2019 Careers in Accounting & Finance
16/33
Accounting--US & UK
-Brigham Young University: MarriottSchool of Business
-The College of William and Mary: Mason School of Business
-University of Arizona: Eller College of Management
-University of Florida: Warrington College of Business
-University of Michigan: Stephen Ross School of Business
-Certified Public Accountant (CPA)- American Institute of Certified Public nAccountants
Education Abroad
For further details refer the report on Careers in Accountingand Finance.
-
8/8/2019 Careers in Accounting & Finance
17/33
Education Abroad
Investment Banking,
Commercial Banking,Retail Banking & Financial Planning
--US & UK
-Vanderbilt University: Owen Graduate
School of Management
-University of Arizona: Eller College of Management
-Georgia Institute of Technology: College of Management
-UC Berkeley: Haas School of Business-University of Arizona: Eller College of Management-CFA Institute
-American Institute of Certified Public Accountants
For further details refer the report on Careers in Accountingand Finance.
-
8/8/2019 Careers in Accounting & Finance
18/33
Education Abroad
Insurance
Tilburg University
Imperial College London: Tanaka Business School
Georgia State University Netherlands
For further details refer the report on Careers in Accountingand Finance.
-
8/8/2019 Careers in Accounting & Finance
19/33
Who are the potential employers in India?Who are the potential employers in India?
Accounting
and FinanceICICI
HDFC
CitiBank
Lehman Brothers
Reliance
HSBC
Standard Chartered
InvestmentBanking
ABN Amro
Deutsche Bank
JP Morgan
Warburg Dillon Read
DSP Merrill Lynch
HSBC
Chase Manhattan Bank
AMBIT
PricewaterhouseCoopers
-
8/8/2019 Careers in Accounting & Finance
20/33
Who are the potential employers in India?Who are the potential employers in India?
InsuranceLIC
GIC
Tata-AIG
ICICI
Citibank
HSBC
Retail Banking
Standard Chartered
CitibankABN AMRO
ICICI Bank
HDFC Bank
UTI Bank
Commercial Banking
Citibank
ICICI
Bank Of Baroda
State Bank
Bank ofIndia
-
8/8/2019 Careers in Accounting & Finance
21/33
Tracing the Career pathTracing the Career path
Career path in Accounting
Accountants are involved in accounting procedures
and financial planning, in integrating the knowledge ofaccounts and finance, as well as in computer software development with other professionals forinformation processing
-
8/8/2019 Careers in Accounting & Finance
22/33
Tracing the Career pathTracing the Career path
Career path in Retail Banking
Retail Bankers are involved in customer interaction, front line sales, channel sales,development of asset / liabilities / card products,marketing of products or handling non-deliverychannels for Banking products (like ATMs, Internetetc)
-
8/8/2019 Careers in Accounting & Finance
23/33
Tracing the Career pathTracing the Career path
Career path in Insurance
A career in Insurance involves large asset management operationsand selling mutual funds and other investment products.
-
8/8/2019 Careers in Accounting & Finance
24/33
Tracing the Career pathTracing the Career path
Career path in Financial Planning
Financial Planner offers extensive wealth-creation
advice and assistance across all financial markets orspecialise in areas.
-
8/8/2019 Careers in Accounting & Finance
25/33
The average salaries for Finance professionalsThe average salaries for Finance professionals
-
8/8/2019 Careers in Accounting & Finance
26/33
Emerging areas in the Accounting and Finance sector are-
Financial Outsourcing Knowledge Process
OutsourcingBusiness Process Management
Knowledge Process Management
Stock ExchangeWarehouse Management
Investment banking
Commercial bankingRetail banking
Financial Planning
-
8/8/2019 Careers in Accounting & Finance
27/33
CA or MBA?
An analysis of the recent batch profilesin the top B-schools in the country
shows that after engineers, commercegraduates form the second largestchunk of students in MBA programmes.
Possible Career Progression after Qualification
-
8/8/2019 Careers in Accounting & Finance
28/33
SWOT Analysis for an MBA and a CA
-
8/8/2019 Careers in Accounting & Finance
29/33
Ms. Kalpana Morparia
Deputy Managing Director, ICICI
Education-
Graduated in Science, Mumbai
Post-Graduate in law from University of Mumbai
Awards & Achievements
Women Achievers Award in the Field of Financeand Banking 1999'. the Indian Merchants' Chamber(Ladies Wing)
Economic Times Award for Corporate Excellence2005 as the Businesswomen of the Year
-
8/8/2019 Careers in Accounting & Finance
30/33
Arun Kumar Purwar
Chairman, State Bank of India
Award:2005: CEO of the yearaward, for BrandExcellence (India Brand Summit 2005)
Under his chairmanship
The State Bank of India (SBI) Group, became amember of the $1 billion club.,
SBIs net profit increased by 19 percent to Rs3,681 crore during 2003-04.
Education:Masters degree in Commerce fromAllahabad University
-
8/8/2019 Careers in Accounting & Finance
31/33
Aditya Puri
Education:
Chartered Accountancy from the Institute ofChartered Accountants, India. Puri is anassociate member of the Institute of CharteredAccountants of India.
Articles with ThakurVaidyanath Iyer, Delhi.
Bachelor's degree in commerce fromChandigarh, Punjab University.
Schooling in Poona.
MD, HDFC Bank
-
8/8/2019 Careers in Accounting & Finance
32/33
SummarySummary
As the speculation of industry professionalsgo, its definitely going to be an upswing forthe finance sector. At present, the financesector is getting transformed into atechnology-intensive and customer-friendly
model with a focus on convenience. The roleof an integrated financial infrastructure is tostimulate and sustain economic growth.Finance will have a significant contribution
in propelling India forward as a globaleconomic power.
-
8/8/2019 Careers in Accounting & Finance
33/33
For further details on Accounting and Finance, refer to
Report onReport on Careers in Accounting and FinanceCareers in Accounting and Finance
HAPPY READING!HAPPY READING!
Do not forget to mail your feedback to ccr@imsindia.com
top related