The Indian education system has sidelined capital markets as a subject altogether. This one of the reasons why most of the students are not conscious of the prominent and elite career opportunities present in the scope of the stock markets.
In the recent decade, a shortage of trained professionals in the financial market has prompted the need for specialised professionals in various verticals ranging from stock traders to venture capital analysts.
The financial markets in India are in the growth phase, and there is a need for trained professionals, the industry is running out of talented individuals and young minds, the industry needs much more professionals than it currently has. Most of the available talent pool does not have a specialisation or proper understanding of capital markets and we need to bridge this gap.
Increased employment opportunity in the stock market:
The stock market is getting bigger every day and opportunities for employment in the stock market are growing rapidly. It is the place full of enormous opportunity and people from all the background whether science, commerce or humanities, are showing a lot of interest in pursuing their career in the stock markets.
The market has the potential to offer career opportunities from an entry-level position like Equity Advisor or Relationship Manager to the setting up Entrepreneurial Venture through offering services like Registered Investment Advisors, market intermediaries, useful platforms which provide key information for market participants, etc.
Youngsters refrain themselves from any investing decisions:
In India, many young adults refrain themselves from any investing decisions until their financial situation becomes, at least theoretically, more stable and therefore, a small chunk of the population is exposed to the equity investment compared to other developing countries, and we see immense opportunities lying out there in the stock market considering the phenomenal growth in the last decade or so.
Most people believe that a career in the stock market is only for people with finance or business background. But this is not true. Do not stop yourself from entering into the exciting world of the stock market just because you do not have a finance degree.
A lot of financial companies hire employees from all the background, and in this era of technology, new-age financial companies are looking for the skills and the aptitude of the candidates rather than just the degree. Nonetheless, having or not having a finance/business degree is just the starting point.
Becoming a professional trader is one of the sought after careers if you are well versed with the complete stock market ecosystem and proper trade positioning. There are certain examples of prominent traders who quit their full-time jobs and pursued trading successfully.
Educational qualification required to make career in stock market:
- Few recognised, easy and quick short-term certificates without any essential educational degree allow exploring different avenues
- The certifying authority for these courses is NISM/NCFM, which are nationally recognised certification mandatory for various professionals in capital markets in India. Anyone who wants to know the fundamentals of companies and has some basic interest in Indian capital market can go for these pocket-friendly courses
- NISM/NCFM Certifications can expose you to a plethora of different fields of knowledge within the capital markets.
- You can choose from the different types of derivatives, investment advice, risk management, and other wide-ranging subjects. Individuals aspiring to enter the financial services industry in India have better prospects if they first get these certifications. Once you complete the course, you can make an entry into the stock market as a trainee and proceeds depending on your interest
- Whereas, an MBA in finance or capital markets is generic and essentially a study in financial markets, corporate finance and portfolio management, with an emphasis on equity, bonds, foreign exchange, and their various derivatives markets. These specialisations which help one in charting a rewarding career path in the world of stocks and investments. However, as a standalone course, an MBA is not particularly useful as it touches upon the surface and does not have enough depth that is required to pursue a career.
How to become an analyst:
If you wish to become an analyst, you can go for reputed charter financial courses like CFA or CA are great qualifications to pursue, CFA charter is considered as the gold standard for the investment industry, and charter holders enjoy a mark of distinction throughout the world.
It provides a deep and fundamental understanding to be able to analyze companies and practical skills related to investment decision-making. Whereas, niche courses like CMT, FRM for those who are more inclined towards trading, technical analysis, risk management, and quantitative finance.
To be successful in the stock market, a candidate should focus on enhancing his/her skills and procuring specialised knowledge as it will help in building your dream career life than chasing over degrees.