Question

There are many career opportunities related to finance and planning. Try to get information about the following careers by surfing the internet.

1. Finance Management
2. Banking and Finance
3. Actuaries
4. Economics
5. Share Market
6. Accountancy
7. Company Secretary

Answer 1

The students can add the following information to their findings regarding careers in finance and planning:

1. Finance Management:
   It means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. One can become a finance manager, a finance analyst, an investor relations associate, a budget analyst, an actuary, etc.
2. Banking and Finance:
   It is a field with the study of financial services that includes lending money, collection of deposits, issue of currencies and debit cards, and transaction processing, and the study of investments. Finance can also be defined as the science of money management. One can choose to be an accounts officer, a sales manager, a credit manager, a credit risk specialist, a business analyst, etc.
3. Actuaries:
   Actuaries are experts in risk management. They use their mathematical skills to measure the probability and risk of future events and to predict their financial impact on a business and its clients. Actuaries can be consultants, pricing managers, rick managers for various investment and insurance companies.
4. Economics:
   It is the study of how society uses its limited resources. It is a social science that deals with the production, distribution, and consumption of goods and services. The career opportunities in this field are economists, data analysts, finance consultants, financial planners, economic researchers, etc.
5. Share Market:
   It is a place, real or virtual, where shares of pubic listed companies are traded. A share market facilitates stock brokers to trade company stocks and other securities. The opportunities available are stockbroker, financial advisor, research analyst, portfolio manager, etc.
6. Accountancy:
   It is the practice of recording, classifying and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. One can be an accounting clerk, accounting information specialist, actuarial accountant, bookkeeper, budget analyst, capital accountant, etc.
7. Company Secretary:
   A company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements. He /She also ensures that decisions of the board of directors are implemented. One can be the assistant to a company’s board of directors, company registrar, legal advisor, corporate policymaker, chief administrative officer, principal secretary, etc.