Electronics Engineer by degree I didn’t realized when I started loving finance. I grew up in a business family, maybe that’s why I was not able to stay away from it for long time. But this I didn’t realize till I took up my first job. The company from where I started my career used to develop software for financial industry. Though I was hired as a technical consultant I soon learnt the basics of finance. After learning the same I was looking for certifications which I could take to learn more. I was looking for something which a professional from non-finance background can take up. I did my research and found that there are various courses offered by different universities and statuary bodies which one can take up to make finance as their career. I have tried to summarize some of the options below with relevant links to the course websites.
MBA – This is the most popular way by which students or working professionals chose finance as their career. MBA in India is a 2-years Post Graduate Program which is being offered by almost all colleges in India except very few such as ISB Hyderabad which offers only 1 year PG program only for experienced professionals.
The other non-conventional courses which are gaining popularity are CFA, Actuaries, FRM and banking certifications.
CFA – The CFA (Chartered Financial Analyst) Program is offered by America-based CFA Institute. It is professional credential and not an academic degree. The CFA charter is a qualification for finance and investment professionals, particularly in the fields of investment management and financial analysis of stocks, bonds and their derivative assets. The program focuses on portfolio management and financial analysis, and provides generalist knowledge of other areas of finance. It has three levels which one needs to clear after which based on your qualified work experience one becomes a CFA chartholder. More details are provided on CFA Website:
Actuaries – Institute of Actuaries of India is a statutory body established under The Actuaries Act 2006 which manages and conducts the exam. An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries mathematically evaluate the probability of events and quantify the contingent outcomes in order to minimize the impacts of financial losses associated with uncertain undesirable events. Any HSC passed, graduate, post graduate, Engineer, MBA, CA, ICWA etc with sound knowledge in Mathematics & Statistics can take up this course.
More details are available on IAI website.
FRM – Financial Risk Management is the program who wants to make their career in Financial Risk. The program is conducted by GARP (Global Association of Risk Professionals)
More details are available on GARP website.
Banking Certification – There are lots of other certifications related to banking and finance which is conducted by IIBF. It offers both diploma and certificate course for those who want to make their career in banking. The list of certifications provided by IIBF are mentioned under courses/examination tab in below link
There are lots of other ways by which one can make finance as their career. The above list is a preliminary one just to start with.
*Some of the excerpts have been taken from the respective course websites and Wikipedia.