Are you looking to make a career in the global finance industry? Are you contemplating which country is the best for finance jobs? You have come to the right place. Read on to know more.
The global finance industry attracts top talent with challenging job roles, impressive benefits and lucrative compensation packages. The U.S. Bureau of Labor Statistics projects an overall employment increase of 7% in financial and business occupations by 2031. By 2026, the US finance and insurance industry will have a workforce of about 2.94 million across companies with more than 10,000 employees.
Skills that make you successful in the finance world
Whether you seek the best finance jobs in India or abroad, you must have the essential skills. Having a Bachelor’s degree is a prerequisite for entry-level employment in the finance sector. To hone skills in finance, you can study related subjects like Economics, Analytics, Business, Mathematics, and so on.
For senior roles in the financial market, a company might ask for a Major or a Master’s degree in finance. Other international professional certifications, like the Association of Chartered Certified Accountants (ACCA), Certified Management Accountants (CMA), and Certified Public Accountants (CPA), can help improve your chances of getting a lucrative job in the finance industry.
The Best Finance Jobs in India
There are different sectors in finance where you can seek employment in India. Some of these categories are:
- Corporate Finance
- Advisory Services
Let us look at the best finance job titles that are in high demand in India:
1. Financial Advisor
A Financial Advisor identifies their clients’ long-term and short-term financial goals by recommending the most suitable financial services and products. Taking up a Chartered Financial Analyst (CFA) course hones the skills of a Financial Advisor.
The average base salary for a Financial Advisor in India is around INR 399,099 per annum.
2. Financial Analyst
Financial Analysts are hired at both junior and senior levels. They are responsible for looking after company finances and supporting decisions regarding financial management. Financial institutions, including banks, funding companies and insurance agencies, hire Financial Analysts with communication skills and critical thinking prowess. Many professionals take up the Chartered Financial Analyst (CFA) or Certified Management Accountant (CMA) course to excel in this job role.
The average base salary for a Financial Analyst in India is approximately INR 434,243 per annum.
3. Investment Banker
An Investment Banker manages the investment portfolio of an entity. The professional is responsible for keeping track of investments to optimise returns and successfully achieve financial goals. Along with arranging debt financing, these professionals also handle bond and stock issues. A Certified Financial Analyst (CFA) course helps make a great career as an Investment Banker.
The average base salary of Investment Bankers in India is approximately INR 1206,410 per annum.
4. Compliance Officer
Compliance Officers or Analysts in private and public banking and financial service organisations ensure compliance with government laws, regulations and policies. Companies must follow established standards and regulations. Data analysis is an integral part of a Compliance Officer’s work profile. Aspiring Compliance Officers can take the Association of Chartered Certified Accountants (ACCA) course or a Diploma in IFRS.
The average base salary for a Compliance Officer or Analyst in India is approximately INR 508,879 per annum.
5. Information Technology Auditor
Private companies and government departments hire Information Technology Auditors to strike synchronisation between enterprise requirements and technology infrastructure. They also handle digital security and IT compliance for the smooth functioning of the organisation. A combination of any IT course with Certified Public Accountant (CPA) or a Diploma in IFRS course is great for this career option.
The average base salary of an Information Technology Auditor in India is approximately INR 792,280 per annum.
The Best Finance Jobs in the world
The finance industry offers job opportunities globally at entry-level and senior positions. The pay package of a finance professional gets better with experience and enhanced financial skills.
You will have a long list if you are looking for the best country for finance jobs, you will have a long list. Some countries which top the list include:
- The United Kingdom
- Hong Kong
- USA (New York, San Francisco, Massachusetts, Boston)
Best Finance Jobs that you can grab abroad:
1. Financial Systems Director
A Financial Systems Director is responsible for implementing and developing business systems within an organisation. The directors collaborate closely with Information Technology (IT) departments to collect financial data and track capital allocation. A Certified Management Accountant (CMA) course along with a Diploma in IFRS is great for this career option.
The average base salary of a Financial Systems Director is about USD 128,300 per annum.
2. Hedge-Fund Manager
One of the leading, in-demand, and best finance jobs in the world, a Hedge-Fund Manager assists investors in running operations of a hedge fund and different kinds of investment packages. Other responsibilities of the manager include managing liquidity, investment objectives, and fees. Completing a Certified Public Accountant (CPA) course or a course in the Association of Chartered Certified Accountants (ACCA) is great for this career
The average base salary of a Hedge-Fund Manager is approximately USD 145,437 per annum.
3. Personal Finance Advisors
As evident from the name, these professionals take responsibility for managing the personal finances of their clients. They are experts at evaluating the requirements of the clients and recommend insurance plans, investment plans, mortgages, retirement plans, taxation strategies, and so on to meet the client’s financial goals. A course in Chartered Financial Analyst (CFA) helps in excelling as Personal Finance Advisors.
The average annual base salary of a Personal Finance Advisor stands at about USD 74,760.
4. Chief Financial Officer
The Chief Financial Officer has several key responsibilities, including budgeting and overseeing analysts’ jobs. They also take an active role in managing financial teams. They are responsible for deciding technology infrastructure costing and related organisational matters. A Chief Financial Officer can take up a course in Certified Management Account (CMA) programme for honing existing skills.
A Chief Financial Officer’s average annual base salary amounts to about USD 141,572.
5. Private Equity Associate
Private Equity Associates mainly work with investment banks. Along with finding investors, these professionals are excellent in investment assistance with existing as well as new investors. To succeed in this job role, having interpersonal communication skills is mandatory. Taking up a study programme in Chartered Financial Analyst (CFA) enhances the working skills of a Private Equity Associate.
The average base salary of a Private Equity Associate is approximately USD 97,390 per annum.
Students and professionals looking to make a career in the Finance industry in the country can check out the best finance jobs in India, the job profiles and respective salaries. If you’re aiming for a job abroad, you can consider the best finance jobs in the world discussed in this blog.
Give your finance career a boost with certifications from Zell Education, including US CMA Course, Certified Public Accountants and Association of Chartered Certified Accountants. These certifications are globally accredited and accepted.
Which country is best for finance jobs?
Some of the leading countries which are best for finance jobs are:
1. London, UK
2. New York and San Francisco, USA
3. Dubai, UAE
4. Tokyo, Japan
5. Frankfurt, Germany
Which country has demand for finance jobs?
Countries with high demands for finance jobs include Germany, the United Kingdom, Hong Kong, Canada, and Japan.
Which job has the highest salary in finance?
Some jobs with the highest salary in finance include Investment Banker, Financial Analyst, Private-Equity Associate, Management Analyst, and so on.
Which job is best for going abroad?
To boost your finance career, you can seek a job in Hedge Funds, Private Equity Firms or Investment Banks and grab your opportunity for overseas employment.