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Monday, September 26, 2011

Career Opportunities In Financial Planning


Career Opportunities In Financial Planning 
By
 
— Dr. Sanjay Tiwari 
The period after economic reforms has witnessed an increasing contribution of service sector in GDP which has reached to more than 60% with an annualized growth rate of more than 10%. One of the necessary ingredients of inclusive growth is the demographic dividend (i.e. the employability to the young working population between age group of 15-59 years). With these strengths, the service sector is estimated to have the potential for creating 40 million jobs and generating additional $ 200 billion annual income by 2020. Among services, BFSI i.e. banking, financial services and insurance are more crucial because these are the sectors which are directly or indirectly related to the growth of other sectors. Planning the funds so generated requires skilled people in order to advise on more investible avenues and also the appreciation of the same. The importance of financial planning in this context becomes more relevant and hence the profession which in other way is a consultancy or advisory service in itself.
Financial Planning is one of the fastest-growing professions across the world and with a huge demand-supply gap in India as the youngsters planning a career in Financial Planning have a bright future and can take advantage of many opportunities coming across in the financial services sector as discussed above.
Financial Planners and their Role  
As clear from the name, financial planners are the professionals who plan the funds or money of their clients which is not only a tricky business but also challenging and difficult task. Every individual wants to save and invest the funds for future to fulfill the liabilities and other social commitments be it higher education to children, marriage of children, retirement, house construction, medical and health purpose or any other. Financial planners offer their advice to the persons on their investment and saving options to achieve their social, personal, professional goals and commitments arising in future. Most people need guidance on where to invest, how to save taxes, the best insurance scheme (life as well as medical), which avenue to invest in, which stock to hold and which to sell, how to plan future career of their college going children and their own retirement. For all such services; planners come into picture for rendering expert advice and consultancy to their clients on utilizing the hard earned money and its better use for achieving financial goals. The services provided by financial planners are not restricted to individuals but also the corporate and institutional clients such as mutual funds, merchant banks, retirement funds, insurance companies, portfolio manage-ment firms, stock investment companies, banks, financial institutions, tax consultancy and pension managers also require their services. Thus, the financial professionals working as financial planners can be categorized as individual and institutional. The following role and functions are performed by the financial planners:

Job Highlights (24 SEPTEMBER 2011 - 30 SEPTEMBER 2011)


Job Highlights (24 SEPTEMBER 2011 - 30 SEPTEMBER 2011)
  1. Union Public Service Commission invites applications for various posts.
  2. National Green Tribunal at New Delhi and benches at Bhopal , Chennai, Pune & Kolkata invites applications for various posts.
  3. Indian Audit and Accounts Department requires Multi Tasking Staff (MTS).
  4. 25 Ammunition Company, C/o 56 APO invites applications for the posts of Mazdoors.
  5. Central Ordnance Depot, Jabalpur invites applications for the posts of Labourers and Messengers.
  6. Bharat Heavy Electricals Limited requires Engineers Trainees in 2012-13 in the disciplines of Mechanicals, Electrical Electronics through GATE-2012.
  7. Staff Selection Commission, (Eastern Region) invites applications for various posts.
  8. Staff Selection Commission notifies Junior Translators (CSOLS)/Junior Hindi Translators (in Subordinate Offices) and Hindi Pradhyapak (Central Hindi Training Institute) etc. Examination, 2011.
  9. Nuclear Power Corporation of India Limited, Narora requires Nurse-‘A', Pharmacist-‘C 1', Dental Hygienist and Pathology Lab Technicians.
  10. Air India Air Transport Services Limited, Mumbai requires Junior Executives Technical.
  11. Indian Navy invites applications from unmarried Male and Female candidates for grant of Short Service Commission in Executive Branch (General Services) and Technical Branches.
  12. Indian Navy invites applications from unmarried Male candidates for enrolment as Sailors-Sports Quota Entry 1/2012 Batch.

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