career in mutual fund

CAREER IN MUTUAL FUND

 

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This is next career option

Mutual Fund industry is playing an active role in the capital market today and is one of the fastest growing industries. Mutual funds industries offer multiple career options to the youths irrespective of their academic subjects. Graduates from arts, science and commerce can easily find a job in this promising and growing sector. Further, coming of private players and many financial institutions into the mutual funds markets have further widen the scope of employment in this sector.

Course Details

To start a career in mutual fund, the minimum requirement is a certification (Advisor Module) and a registration number from the Associations of Mutual Funds in India (AMFI). SEBI has made mandatory for any entity or person engaged in marketing and selling of mutual fund products to pass AMFI certification test (Advisors Module) and obtain registration number from. This certification remains valid for 5 years from the date of the test. Anyone irrespective of age and profession can obtain this certificate by qualifying the test conducted by AMFI.

Career Prospects

Graduates having the AMFI certificate can work with many public and private sector mutual funds. They can join as Manager, Relationship Manager and Advisor in mutual funds and work for marketing and distribution of mutual funds schemes. One can also work independently as a mutual fund agent or financial planner by suggesting ideal policy to customers.

Top Colleges Offering UG/PG/Other Courses

The Associations of Mutual Funds in India (AMFI) is the only institute in India which offers certificate courses in mutual funds. Securities and Exchange Board of India has made it mandatory for persons or entity associated with mutual fund industries to obtain a certificate and registration number from AMFI.

Remuneration

Mutual Funds industry is a promising field for youngsters because it is highly remunerative. The income of mutual funds agents depends upon the number and type of scheme they sold to customers. But it can be expected that they can easily earn Rs1 lacs to Rs 1.5 lac per annum with little effort. Those who are working with various mutual funds can earn Rs 10,000 to Rs 25,000 per months.

CAREER IN TAXATION

CAREER IN TAXATION

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This is next career

Many colleges and universities in India are conducting courses in the field of taxation, at diploma and certificate levels. To pursue the undergraduate level courses, the aspirants must have passed Higher Secondary Certificate Examination or 10+2 from any recognized state/national Board. To be eligible for the PG courses, one has to complete graduation in the relevant stream.

Top Colleges Offering Taxation Courses are

Annamalai University, Nagpur College of Taxation, Institute of Chartered Accountants of India and Indian Institute of Taxation. Apart from this, commerce colleges have included taxation as an important part of their curriculum.Remuneration

CAREER PROSPECT

Public sector undertakings are always in demand of efficient professionals who can deliver good performance in the field of taxation. The aspirants can join any related organizations as Tax Accountant, Employment Tax Specialists, State Local Tax Attorney specialists, Tax Policy Analyst, Tax Recruiter, tax advisor, Tax Manager, Tax Examiners, Collectors, Revenue Agents etc.

  

REMUNERATION 

Remuneration in the field of taxation varies from one organization to the other. However, beginners can earn a salary of Rs 200000-Rs500000 per annum.

Taxation is a process of imposing financial charge (tax) on the citizens who earn ‘taxable’ income. Tax is levied upon the tax payers by the Central Government, State Government or any authority of a state, such as the Municipality or the Local Council. Tax collection is an important role of the government, because the tax paid by the citizens forms its integral source of income. Commerce graduates and post graduates are generally hired for jobs in the field of taxation. Many institutes in India are conducting courses in the field, to produce competent professionals who can work in the field of taxation.

career in insurance

Hello friends i m her to tell about making a career in insurance

In the liberalization era the Indian insurance industry has witnessed exceptional growth with participation of both public and private sectors players. There are many public and private players both in the field of life and non-life insurance business.

The major government companies are Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC) and Postal Life Insurance. Private players like Om Kotak Mahindra, Birla Sun-Life, Tata AIF Life, Reliance, HDFC Standard Life-Insurance Co., Max New York Life, Royal Sundaram, Cholamandalam, IFFCO Tokyo and Tata AIG are also there. This sector not only provides a protective shield to the lives and assets of the nation but also generate thousands of jobs and career opportunities.

Course Details

To pursue a career in the insurance industry, one has to pass the entrance examination conducted by the Actuarial Society of India, Mumbai. Students who have passed 10 + 2 or equivalent exam are eligible. License is needed to work in this field which can be achieved through a training programme. Insurance Institute of India conducts Licentiate, Associateship and Fellowship plus other training programmes for insurance services.

Career Prospects

Post-graduates in any discipline can be recruited as Asst. Administrative Officers through the recruitment exam conducted by the insurance companies. Graduates can apply for Development Officer in insurance companies whose main task is to market and procure business. Besides this people who are certified by Actuarial Society of India can be an insurance agent. They are the people who advice the individuals and enterprises about insurance protection to their health, life and properties and sell the policies to provide protection against financial loss.

Depending on their educational qualification and strengths, the agents have a good chance of becoming an employee of the company. Insurance agencies also employ independent professionals like mechanical engineers and doctors as insurance surveyor to access the actual loss and avoid the false claim made by insured. The post of Assistants, Typists, Machine Operators, Stenographer, Telephone Operators, Clerks etc. are open to graduates and school-leavers and the age limit is between 18 to 25 years.

Top Colleges Offering UG/PG/Other Courses

Actuarial Society of India, Mumbai; Amity School of Insurance and Actuarial Science, Noida; Birla Institute of Management & Technology, New Delhi; College Of Insurance, Mumbai; Institute of Insurance & Risk Management, Hyderabad; International Institute for Insurance and Finance, Hyderabad; International School of Actuarial Sciences (ISAS), Hyderabad; National Insurance Academy, Pune; The ICFAI School of Finance and Management, Hyderabad etc

Remuneration

The pay scale in the government sector is as per government rules depending on each position. In the private sector, the salary scales are more lucrative. They take in management graduates to work mainly in the areas of marketing and sales with an initial salary ranging from Rs 15,000 to Rs 25,000 per month. Commissions are the most common form of compensation for insurance agents and the amount depends on the type and amount of insurance sold. Earnings of surveyors depend upon nature of work and assignments. –