Today, when corporate finance has moved from domestic funding to multicurrency funding, the nature of financial control has changed from simple accounting to integrated control systems. This control system is based on enterprise resource planning. To manage such financial transactions a new category of financial whiz kids have sprung up, popularly known as Fund Managers and Equity Analysts. The scope for growth in the financial service sector is enormous, because this section is directly linked to the growth of the country's economy. And India's economy is stated to grow by about 8% in the next decade. It's not only about India but international trade sector also offers considerable opportunities. The areas include international financing (both lending and borrowing), multi- currency trading, arranging swaps, international lease financing, etc.

Job in corporate finance essentially entails helping a company find more money to run its business and grow, plan for its financial future, manage all liquidity at hand and may be make a few acquisitions. It also involves working for a large multinational company or a smaller player with high growth prospects. If you have the requisite skills and are able to prove your worth in problem solving, you can grow very fast in the organisation. You can also work as a financial planner, where you can help individuals plan their financial futures. Though this kind of work calls for greater inter - personal skills, many people believe that it is more rewarding both personally and financially. A good financial planner must understand investments, taxes and estate planning issues. Also, he must be a good listener. Generally, most planners work independently or work within smaller practices.

To start with in this career, a bachelor's degree in Economics or Commerce is required. But if you want to progress faster then you should have a higher level finance degree. The most advisable course is to take a post graduate degree in Chartered Financial Analysis (CFA) combined with an MBAs degree, specialising in finance and marketing. Or, you could pursue a course from professional institutes like the Institute of Chartered Financial Analysis of India (ICFAI), Indian Institute of Finance and often who offer courses in chartered accountancy, cost and management accountancy or company secretaryship. Majority of the institutes conduct courses like Management of Business Finance, Certified Public Accountant, Certified Treasury Manager, Certified Investment Banker, Certified Risk and Insurance Manager, Fellow Programme in Finance, Basic Business Finance and Short - term Management Development Programmes.

From an entry - level position one can rise to become the Chief Financial Officer (CFO)/ Director (Finance) in a very short time, depending of course, on organisational culture and structure. However, to sustain this growth there is a need to keep updating the knowledge through keeping track of the laws and byelaws, apart from the new financial products that are added almost daily. Simultaneous brushing up of your marketing abilities will take you places.

Since this is a relatively new field, the opportunities in this field are tremendous. A student trained in financial management can draw anything between Rs. 10,000 - 40,000 per month. Senior professionals can even draw Rs. 1.5 lakh per month.