Career in Capital Market

Liberalized Indian economy has opened up the capital markets for domestic as well as foreign investors. Due to the heavy flow of capital into the capital markets and its steady growth there are many employment opportunities in this sector. Besides this coming of private players and many financial institutions into the capital markets has further widen the scope of employment here. Capital markets comprise of stock exchanges and mutual funds. As this is one of the fastest growing area in Indian economy here we can see more job opportunities. Mutual Fund industry is playing an active role in the capital market today and is one of the fastest growing industries.

Course Details
Job in capital markets is best suited to people from commerce and economics background. However anyone from any stream of study can enter into this field. The minimum qualification is a NSE's Certification in Financial Markets (NCFM). National Stock Exchange (NSE) has a facility for testing and certification by launching NSE's Certification in Financial Markets (NCFM). NCFM is an online testing system, a revolutionary concept in administration of examinations and the only one of its kind today in the country.

It has been specified by SEBI that all brokers/dealers in the stock market have to obtain the NCFM certification. SEBI has made mandatory for any entity / person engaged in marketing and selling of mutual fund products to pass AMFI certification test (Advisors Module) and obtain registration number from AMFI. This certification remains valid for 5 years from the date of the test.

Career Prospects
Graduates having the AMFI certification can work as Business Development Managers / Relationship Managers / Advisors for the marketing and distribution of the mutual fund schemes. Relationship Managers / Advisors assist investors in their financial planning by recommending them ideal investment portfolio and building customer relation. Likewise graduates having NCFM certification can work as an assistant to stock broker or become an independent stock broker. Graduates also can choose to be agent/advisor/distributors and sell various schemes launched by mutual funds. Besides highly qualified professionals from Commerce, Economics, Finance, Mathematics and Management background are required as Fund Manager or Portfolio Manager who decides about the investment of the fund's underlying securities (money received from investors for investment), realizing capital gains or losses, and collects the dividend or interest income. There are also wide job opportunities in capital markets for Chartered Accountants, MBA Finance, Financial Analysts, Economics Masters, and Statistics Masters. Besides people with deeper knowledge in the working of capital markets can choose consulting as an option.

Remuneration
Capital market is a lucrative field for youngsters because it is highly remunerative. The income of share market brokers and mutual funds agents depends upon the number and type of scheme they sold to costumers. But it can be expected that they can easily earn Rs 1 lac to Rs 1.5 lac per annum with little effort. The remuneration of highly qualified professionals is even more depending upon the nature of the company they work with. Expected salary of CAs, MBAs, and CFAs can be within Rs 3 lacs to Rs 6 lacs. The private finance planner/advisors are earning good returns out of their consultancy service in capital markets.