Top 13 Indian Banking & Finance Jobs for Getting Ahead in 2021

This has been one of the most challenging years of all times for the global economy, with the pandemic affecting major industries worldwide. However, the banking and finance sector has proven to be among the few resilient ones that still show a great promise. Globally, the industry has been growing rapidly, especially in the last decade.

In India, the banking and financial sector has seen significant growth in the past few years. Between FY 14 and FY 19, the Indian banking, financial services and insurance (BFSI) industry has boasted total assets of $2.32 trillion, growing at 6.64% CAGR. Recent research by PWC India evaluates that the Indian banking and finance industry could become the world’s third-largest domestic banking sector by 2050, and together with China, it would hold 35% of global banking assets.

At present, with enhanced technology, digitized applications and processes, and newer innovation, the banking and finance sector seems rife with opportunities for businesses, investors, and also for the job-seekers.

What’s in it for you?

The National Skill Development Corporation (NSDC) predicts 1.6 million new jobs would be created in this sector by 2022. To manage the rising demand and transformation in this industry, there is a vast and immediate need for professionals to fulfill several key roles with relevant expertise. This means that banking and finance graduates and professionals seeking a career in this industry have a higher chance of finding a more stable and better opportunity at this point.

With increased mobile and internet banking services and products, the industry puts a lot of emphasis on improved and innovative service to clients and customers. With a constantly evolved infrastructure, banks and financial institutions promise a competitive edge, impacting career growth, building expertise, and expanding horizons for professionals. If you are planning to pursue a career in banking and finance, here are the top 13 Indian banking and finance jobs for getting ahead in 2021. 

  1. Corporate Banker: They are like retail bankers, but they deal with companies/businesses instead of individuals. Their clients range from small and medium enterprises to large corporations. Corporate Bankers manage treasury services, loans and credit, trade finance, employer services like payroll, etc.
  • Average salary – ₹14,62,281 
  • Skills required – Analytical ability, verbal and written communication skills, interpersonal skills, negotiation skills, attention to detail, time management skills, and a strong ability to work under pressure.
  1. Investment Banker: Investment bankers manage the financial portfolio of their clients, individuals, or companies. They manage M&A, advisory, and other corporate finance services, but the critical task is to raise capital through issuing securities – debt or equity and maximizing the returns. Investment bankers are also responsible for supporting IPOs for companies. 
  • Average salary – ₹9,20,401 
  • Skills required – Finance and accounting knowledge, persuasiveness, excellent networking and communication skills and quantitative skills.
  1. Fintech Product Manager: The typical role of a Fintech Product Manager involves meeting customer needs, collaborating with the technology team, and ensuring that all timelines are met. They are also involved in assessing and building strategic alliances with business development teams to develop newer products. Fintech product managers play a crucial role in driving innovation in financial technology and increasing the visibility of their innovations. 
  • Average salary – ₹1,669,290 
  • Skills required – In-depth knowledge of FinTech, adept with the latest technology and tech products in the finance industry, innovative mindset, customer empathy, unconventional techniques and relationship management, business development, and strategic bent of mind.
  1. Trade Finance Officer: The critical responsibility of a trade finance officer includes (but not limited to) securing trade, funding the trade, structuring and customizing trade deals. They act as intermediaries between buyers and sellers, ensuring timely payments from both parties and providing performance guarantees. 
  • Average salary – ₹6,60,801
  • Skills required – Knowledge of finance, economics, accounting, compliance and regulatory aspects of businesses, quantitative and analytical skills, strategic mindset, excellent interpersonal and sales skills, knowledge of trade regulations, policies, and legal procedures.
  1. International Banker: Their crucial responsibility is to manage the international operations of the bank. They need to be aware of all rules and regulations of the respective country they are working with. An international banker is also responsible for taking care of international initiatives that the bank might be interested in or of the clients who want to do business internationally.
  • Average salary – ₹8,55,600
  • Skills required – Knowledge of international banking policies, regulations, and procedures, excellent communication skills, accounting and finance management, strong observation and analytical skills, and knowledge of foreign language/rules of the country working with.
  1. Wealth Manager: The key responsibility of a wealth manager is to protect the assets of their clients. It involves (but not limited to) relationship management, helping clients with account details, advisory on financial investments, and be a go-to point of contact for all wealth-related queries.
  • Average salary – ₹7,67,528
  • Skills required – Knowledge of finance, economics, accounting, analytical skills, good sales and negotiation skills, customer relations, and strategic skills.
  1. Business Analyst: Business analysts typically undertake support and decision-making roles for their clients. Their key responsibilities include gathering, documenting, and analyzing various business requirements, resolving business problems through technically sound solutions, documenting functional and technical designs of business systems within the financial institution. 
  • Average salary – ₹1,057,904
  • Skills required – Knowledge of financial technologies and products, analytical skills, business strategy and business development, leadership, and communication skills.
  1. Investment Analyst: An investment analyst provides necessary information and support to stockbrokers, fund managers, and stock market traders and analyzes their respective investments’ pros and cons. They advise, recommend the right investment opportunities to their clients based on globally sourced data. 
  • Average salary – ₹10,67,471
  • Skills required – Financial analysis, data analysis, numerical skills, ability to work under pressure, knowledge of finance and tech products, accounting, international finance, etc.
  1. Risk Manager: A risk manager is typically involved in high-risk operations in a financial ecosystem, like insurance, safety, legal consultation, etc. Their key responsibilities involve implementing primary goals, executing contingency strategies, mitigating operational risk, and protecting the institution and its clients from unavoidable disasters.
  • Average salary – ₹13,03,840
  • Skills required – Knowledge of risk management and insurance, time management, crisis management, analytical skills, excellent observation and strategic skills, attention to detail.
  1. Credit Manager: A credit manager oversees the company’s lending process. They evaluate potential customers/clients’ creditworthiness, creating a credit score/scoring model, approval or rejection of credits/loans, negotiating payment terms, and managing the company’s credit policies.
  • Average salary – ₹7,23,820
  • Skills required – Knowledge of financial accounting, credit analysis, accounting software, and business administration, excellent analytical skills, sense of high discretion, negotiation, and communication skills.
  1. Fund Manager: A fund manager typically manages their clients/customers’ core portfolio and acts as an advisory on stocks, bonds, and other assets. They are involved in intense research and analysis and decision making on buying and selling their clients’ wealth. They also take care of wealth protection, compliance, and fund monitoring.
  • Average salary – ₹4,40851
  • Skills required – Financial and market analysis, financial modeling, knowledge of asset management, decision-making, strategic skills, interpersonal communication, and client relations.
  1. Corporate Finance Manager: A corporate finance manager is responsible for raising and allocating funds, profit planning, understanding capital markets, managing company credits. Their role also includes enhancing the company’s financial performance, maximizing payout for shareholders, and making pay-out decisions. 
  • Average salary – ₹13,99,748
  • Skills required – Knowledge of finance, accounting, business administration, excellent communication, interpersonal skills, decision-making ability, time management skills, and ability to work in a high-risk and high-pressure environment.
  1. Treasury Manager: The critical responsibility of a treasury manager is to handle operations related to cash flow, transfers, payments, investments, cash projections, etc., manage the company’s investment portfolio, coordinate with banks, investors, auditors, etc. The treasury manager also plans and executes a business plan, risk management strategies, and other treasury operations.
  • Average salary – ₹963971
  • Skills required – Knowledge of accounting, finance, business administration, economics, strong analytical and decision-making skills, high sense of discretion, smart planning, and strategic skills.

What do you need to build a successful career in the banking and finance sector? 

If you seek a career opportunity in any of the above roles, you need to first prepare yourself for the same. And the best way to do that is to find the right educational platform, where you can enhance your knowledge of the current market and its inner working, banking, and finance industry. Many professional institutions offer a comprehensive program/course on banking and financial services so you could join the fast-moving BFSI sector. Such a program/course can help fresh-graduates become industry-ready professionals. With an expert, international faculty, industry professionals, and innovative curriculum, you can expect a diverse knowledge and build a sound foundation for any of the above job roles in the future. As an added advantage, some institutes provide 100% placement support and interview training that may pave the way for aspiring banking professionals to fulfill their career goals.