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A country’s growth is highly dependent on its economy. Not only the whole nation but companies require a proper system or a department to manage their finances and analyze each aspect from production to sales. Companies require finance professionals for financial advice, policies, and support so that they can make informed company decisions. These professionals hold an important position in any company since the financial health of a company depends on them. Therefore, the vacancies for the finance jobs are increasing eventually.
Moreover, a financial professional have a strong grasp of financial systems and procedures, along with a solid head for numbers and the ability to deal with complex modeling and analysis. They regulate cash flow in the firm as well as forecast future trends by analyzing the current market situation. Also, financial accounting, monitoring, and reporting systems management are all included in the work of finance professionals.
Therefore, we are here to guide you with the 10 highest-paying finance jobs in India in 2022. Anyone with a zeal to enter the finance sector should definitely know about the type of jobs and careers in this sector and henceforth choose their career path. So, we have prepared this knowledgeable blog to ensure that you choose the correct path and begin your career on time. Now, let’s begin with the latest 10 highest-paying finance jobs in India in the year 2022.
1. Financial Analyst
These professionals work in banks, pension funds, insurance companies, and other enterprises. Financial analysts guide businesses and individuals and help them in making decisions about spending money to gain a profit. They evaluate the performance of stocks, bonds, and other types of investments. Moreover, the salaries are high for school graduates although a Master’s degree in these specializations helps a great deal at the entry-level. According to statistics, the demand for financial analysts will grow 6 percent from 2020 to 2030. Since companies rely on financial analysts for advice, that is why it is one of the fastest-growing and most in-demand positions in finance.
Roles and Responsibilities
- Report and operate metrics tracking.
- Perform financial forecasting.
- Develop financial decision models for decision making.
- Keeping track of financial performance.
- Analyzing previous results, perform variance analysis, and recognize trends.
- Recommend ideas for improvement.
- Create and enforce policies and procedures.
Average Salary: INR 4 Lakhs per annum
2. Compliance Officer
A Compliance officer manage internal anti-money laundering policies and remain compliant with important regulations, banks, credit unions, and similar financial institutions. They ensure compliance with current AML regulations and other relevant legislation. Moreover, they develop and maintain a risk assessment framework for products and services, clients, and customers which makes them one of the in-demand career in the finance sector.
Roles and Responsibilities
- Oversee and implement AML training program for other employees.
- Determine the risk level of customers when opening a customer account.
- Implement the company’s anti-money laundering compliance policy.
- Take protective measures against financial crimes to the company.
- Detecting suspicious transactions and then report for it.
Average Salary: INR 5 Lakhs per annum
3. Financial Advisor
These professionals counsel people on capital management and other personal finances matters. Financial advisors draw up plans or recommend specific investment products and vehicles. Some advisors demand a straight commission every time they make a transaction or sell you a product. If you desire to increase your salary then you should focus more on having good experience and knowledge of finances for companies and individuals to hire you.
Roles and Responsibilities
- Identify short-term and long-term financial goals for their clients.
- Recommend the most suitable products and services to achieve them.
- Provide direction to individual customers regarding the purchase of appropriate life, automobile, housing, and other insurance types.
Average Salary: INR 3.72 Lakhs per annum
4. Senior Accountant
These professionals are responsible for all the accounting information for a company. They supervise the accounting staff and prepare financial statements to assisting with risk assessments and budget preparations. Moreover, you can become a successful senior accountant only with good amount of working experience. Therefore, it is a good career.
Roles and Responsibilities
- Recording entries related to assets, liabilities, revenue, and expenditure of a firm.
- Overseeing and analyzing the financial information.
- Statements, maintaining balances, and resolving discrepancies.
Average Salary: INR 4 Lakhs per annum
5. Chief Risk Officer
These professionals help companies work more effectively and make more instructed decisions and risks. Becoming chief risk officer can help you set career goals and learn the skills you need for success in this position. They assess and mitigate significant competitive, regulatory and technological hazards to an enterprise’s capital and earnings. Therefore, this is a good career option if you’re planning to enter the finance sector.
Roles and Responsibilities
- Look out for any events that may threaten the company’s profitability or financial solvency.
- Monitoring investments, interact with the CCO, and assess risks.
- Apply their superior analytical and problem-solving skills.
Average Salary: INR 5 Lakhs per annum
6. Management Analyst
These professionals works for the betterment of the company by proposing ways to improve company’s efficiency. They majorly advise managers on how to make associations more profitable through minimal costs and increased revenues. Management analysts usually divide their time between their offices and the client’s site. Moreover, becoming a management analyst is a good career option and provides an opportunity for life-long learning.
Roles and Responsibilities
- Improve business performance.
- Examine specific issues and develop solutions to boost efficiency.
- Interpret data and information.
- Create proposals for the company.
Average Salary: INR 3.2 Lakhs per annum
7. Mutual Funds Analyst
Mutual funds analyst conducts research of the market or the market analysis, quantitative and qualitative analysis, reviewing the financial statements of the various entities in order to provide guidance to their clients for making good investment conclusions. Moreover, this is one of the most intense but rewarding work in the business world.
Roles and Responsibilities
- Tracks the debt and equity market.
- Assess the performance of the various mutual fund schemes.
- Gives recommendation based on sound judgement.
Average Salary: INR 17 Lakhs per annum
8. Commercial Banker
These professionals work in the banks and interact with customers to make suggestions according to the customer’s needs. They have problem-solving skills for managing cash accounts and potential cash shortages. Moreover, it is a growing career to start with in the finance sector. You can help with a bank’s investment strategy and help deliver loans for your regional community, all while making a comfortable salary.
Roles and Responsibilities
- Review loan applications, supervising bank staff, coordinating personnel, meeting with customers, etc.
- Review the status of the account.
- Create a sound business model and analyzing competition.
- Oversee the balances and services of an entire chain of banks.
Average Salary: INR 3 Lakhs per annum
9. Hedge Fund Manager
According to statistics, hedge fund is regarded as one of the most fine routes in the finance field and is one of the most compelling careers for a professional. These professionals basically take decisions on a expansive spectrum of financial assets, from corporate bonds to commodities to currencies. Moreover, they are accountable for managing and making conclusions about investments in hedge funds.
Roles and Responsibilities
- Investigating and being alert of market trends.
- Analyze different investment opportunities.
- Selecting the best measures of investments on account of the client.
- Recognizing the requirements of a client.
- Assuring the demands are met when making investments.
Average Salary: INR 24 Lakhs per annum
10. Private Equity Associate
Companies these days require such professionals who can come out with a proper strategy and plan for the investors. Moreover, a career in private equity can be highly rewarding, both financially and personally. You will also be required to have good analytical and researching ability. Moreover, they are responsible for buying, selling, and holding shares, having a thorough understanding and knowledge of concepts is really important.
Roles and Responsibilities
- They keep a track on the stock market and company-specific.
- Analyzing risks and profits which can either make or break the future of the firm.
- Working on the buying as well as the selling of the stocks.
Average Salary: INR 32 Lakhs per annum
We have now reached the end of this blog. We hope you found the best learning path for yourself that satisfies all your expectations. Moreover, we wish you all the very best and hope that you will ace your career with flying colors. Happy Learning!
