Insurance:
Sunrise industry? With privatisation of the insurance
sector, career prospects are manifold. You have an opportunity
to work in wide areas like underwriting, sales, marketing and
distribution, product management, finance, HR operations, customer
service and investment. Insurance is one of the most interesting
careers in finance. Insurance means being covered or protected
against the perils of life be it accidents, natural disasters,
thefts, fire etc. Insurance agents differ depending upon the
types of insurance they specialize in (though one has an option
of specializing in more than one) Insurance agents are middlemen
who represent their insurance company and approach prospective
clients to sell the insurance policies. The opening of the insurance
sector has opened exciting new career opportunities for the Indian
professionals. With the privatisation of the insurance sector
in the year 2000 ,there are more than 25 players in the insurance
market today. The nature of work has also changed -the skill
requirements of the insurance industry has also changed.
- Commercial Banking / Retail
Banking: Banking today has transformed
into a technology intensive and customer friendly model
with a focus on convenience. The sector is set to witness
the emergence of financial supermarkets in the form of
universal banks providing a suite of services from retail
to corporate banking and industrial lending to investment
banking.
The Indian banking system has a large geographic and functional
coverage. Presently the total asset size of the Indian banking
sector is US$ 270 billion while the total deposits amount to
US$ 220 billion with a branch network exceeding 66,000 branches
across the country. Revenues of the banking sector have grown
at 6 per cent CAGR over the past few years to reach a size
of US$ 15 billion. While commercial banks cater to short and
medium term financing requirements, national level and state
level financial institutions meet longer-term requirements.
This distinction is getting blurred with commercial banks extending
project finance. The total disbursements of the financial institutions
in 2001 were US$ 14 billion.With the privatisation of banking
sector there are now many private players in the fray, and
banks are now expanding rapidly all across India. Commercial/Retail
banking has touched the lives of almost every Indian. The career
options available in the banking sector are manifold. The
various careers options ranging from Relationship Manager,
Branch Managers, customer relations officer, Loans, Credit
Cards, Operations, Recovery to name just a few.
Indirect Sales: An important
sector in the financial services-companies act as a leading
distributor of mutual fund products, Bonds, Fixed Deposits,
Equity IPOs through a dedicated distribution network .Developing
dealers, sub-brokers through training, seminars and exchange
of ideas. Research inputs to better equip our sub-brokers in
their role as 'Financial Advisors'.
Mergers and Acquisitions (M & A): M&A
specialists are industry specialists with extensive experience
in capital markets. They provide clients with financial advice
and assist them in restructuring, divestitures, acquisitions,
de-mergers, spin-offs, joint ventures, privatization, and takeover
defense mechanisms in M&A transactions.
Corporate Finance Segment
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