Can someone with finance specialization get a consulting profile during b -school placements?
For pursuing a career as a consulting profile with a finance specialization is not an impossible task. One could be hired directly as a consultant based upon the requirements of the hiring company and moreover on your capabilities. The incoming companies should have an open post to the desired post plus, they should feel that your presence and capabilities are an asset; and valuable to the company.
A MBA specialization in finance is a good option if one has interest in math’s, finance, and economics. The course would teach the skills needed for financial theory, merger and acquisitions, focus on investment, investment strategy, etc.
The course would include portfolio management, Hedge fund management, Corporate investment management, etc.
The various colleges providing the specialization in finance, are as follows:
- IIM A
- IIM C
- IIM B
- IIM I
- IIM K
- IIM L
The scope of employment is, financial planner, financial adviser, financial analyst, investment banker.
A consultant would thrive to improve a company's profile but aiding plans proving to bring forth profitable economic changes to the company. The key feature a consultant must hold are update knowledge of commerce, commercial awareness, attention to detail, communication skills, IT skills, tact and persuasive abilities, foreign language could be handy as well. The tasks required to be done are pursuing clients, implementing proposed and agreed plans, analyzing statistics.
The companies offering a high package for consultants are PayPal, Yes Bank, LIC India, Dell. Basically each company has and wants a consultant, therefore there are ample number of consultant profile jobs. The mean package goes around INR 3 to 4 Lakhs.
For having a higher prospect of becoming a consultant, while doing finance specialization you can also opt for certification courses. The certification course that would be beneficial for you CFA (Certified Financial Adviser). CFA course would enable you to work with individuals and companies to provide them with wise financial investments.
CFA course is available in the following colleges:
- Indian Institute of Business Management and Studies (IIBMS) - Mumbai
- Mansukh Institute of Financial Markets (MIFM) - New Delhi
- Chartered Finance Analyst Institute (CFA Institute) - Mumbai
- Central India Institute of Management Studies (CIIMS Raipur) - Chhattisgarh
- FTMS Global Academy India Private Limited - Chennai
Pursuing the course would improve your prospects of getting a job up to INR 10 Lakhs. The minimum duration of this course is 1.5 year.
All the best! Hope this answers your doubt.