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All You Need To Know About Finance Roles After An MBA

Sep 10, 2019 | 13 minutes |

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Investment banking is pretty cool right?! But it's not the only career open to you in finance. There are many interesting roles you can work in, with your MBA in Finance. Did you know that many finance roles have a strong sales angle? It’s a myth that all finance roles entail math wizardry! In this article, we cover some of these roles offered by banking & finance companies at schools across India. We are looking at roles offered at some top 25 odd schools in India. Curious about learning these concepts to crack internship interviews? Check out the Finance Internship Interview Prep Course on Konversations here. Finance roles can be divided into 3 areas based on industry: As we said before, many of the above roles include a sales angle. It is a myth that a finance role entails math wizardry. Get a detailed understanding of the sector and company-specific roles in the list below in this article. Within Banking, roles need to be divided based on whether they are client-facing or not:

1) Front Office or Client Facing Roles.
2) Middle Office or Support Roles.

The above distinction is important for you to know before you apply. A foreign bank may offer a higher compensation but if you are determined to only do client-facing work you should consider an Indian company which will give you the opportunity from day one to work in a team that deals with clients. Middle office roles offered by foreign banks makes you part of a team that works for a client-facing team sitting in London, New York, Hong Kong or Singapore. Over time you may get a chance to move to the front office but the process takes its own time. It is also important which campus you hail from. There are probably only 3-4 campuses in India where foreign banks even offer front office roles. Find a list of company and sector-specific roles that you can work with your finance specialization. *Note: This is an indicative list and not an exhaustive list. This is to aid your understanding of the sector and job opportunities for management graduates.

Corporate Finance Roles

1. Role: Corporate Treasury (Companies like HUL, Mondelez, Nestle, GE etc.) The corporate treasury role entails managing the firm’s liquidity, capital and risk, and providing the overall financial control and reporting functions, assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, offering analytical and regulatory compliance support. Corporate Treasury works closely with the CFO, Treasurer and other members of senior management to manage the firm's funding, liquidity, capital and relationships with creditors and regulators. The department plays a key role in firm-wide strategic and analytical projects, providing a unique insight into the firm’s business activities and performance. Concepts you need to know:

Roles Offered By Specific BFSI Industry Leaders

Goldman Sachs

1. Role/Department: GIR (Global Investment Research) The Global Investment Research division provides original, fundamental insights and analysis for clients in the equity, fixed income, currency and commodities markets. Students are placed into equity, credit, economics, commodities and strategy research teams, where they focus on project work and the day-to-day tasks of a research team. They work closely with their teams and broader business units. They gain exposure to all aspects of a research analyst’s role. Responsibilities include writing reports on companies under coverage and developing and updating financial models. A typical day could include working on financial models, conducting research on and writing portions of thematic pieces, analyzing market trends and attending conferences. Concepts You Need To Know: Concepts related to Financial Derivatives and Valuation basics would do. 2. Role/ Department: IBD (Investment Banking Division) An investment banker provides M&A advice, including sell-side advice, raid and activism defences, cross-border M&A, special committee assignments and complicated merger transactions. Provides advice on a full range of transactions, including mergers, sales, acquisitions, leveraged buyouts, joint ventures, raid defences, spin-offs, divestitures and other restructurings. Responsibilities include making pitch books and roadshow presentations. Also, includes performing some valuations and investor presentations. Concepts You Need To Know: Concepts related to M&A basics would do. 3. Role/ Department: MRMA (Market Risk Management and Analysis)

The primary roles of the MRMA department are to develop appropriate measures of market risk; to use these measures to monitor the market risk that The Goldman Sachs Group, Inc. and its affiliates (the- firm) is exposed to and to recommend to the Firmwide Risk Committee appropriate market-risk limits;
To recommend policies and standards for model development, approval and control and to validate the firm's valuation and risk models; and to report on market risk, including compliance with market-risk limits, to the firm's senior managers and regulatory authorities.

MRMA is also responsible for the calculation, analysis and reporting of market risk capital requirements for the firm and associated businesses. Concepts You Need To Know: Risk and Return Concepts should be pretty clear.

J. P. Morgan Chase

1. Role/ Department: CRG (Centralized Research Group) It is JPMC India's IB Division. Provides M&A advice, including sell-side advice, raid and activism defenses, cross-border M&A, special committee assignments and complicated merger transactions. Provides advice on a full range of transactions, including mergers, sales, acquisitions, leveraged buyouts, joint ventures, raid defences, spin-offs, divestitures and other restructurings. Responsibilities include making pitchbooks and roadshow presentations. Also, includes performing some valuations and investor presentations. Concepts You Need to Know: Concepts related to M&A basics would do. 2. Role/Department: CAU (Credit Analysis Unit) The Credit Analysis Unit (CAU) in Mumbai is a part of the Corporate & Investment Bank (CIB) - Credit Risk function of J.P.Morgan. CAU works closely with the in-country Bankers and Credit Executives and provides them with a comprehensive credit risk analysis of clients - covering industry, business & financial profile; as well as recommendations on credit facilities & risk grades. Responsibilities Include: Independently prepare credit risk analysis reports on assigned clients (covering industry, business, financial and credit issues). Recommend rating grades based on the analysis. Concepts You Need To Know: Risk and Return Concepts, Accounting, Business Valuation.

Bank Of America Continuum

1. Role/Department: GIB - Pitchbook The GIB Analyst Support team is made up of focused industry/product groups that support deal teams in capital raising transactions and to provide strategic advice during Mergers and Acquisitions and other capital market activities. The role will provide analysts with an opportunity to work with Investment Banking teams across the global offices of Bank of America Merrill Lynch (BAML). Specifically, the analysts would help Investment Bankers in their business origination and client coverage efforts through the building of client pitchbooks, performing valuations and supporting business analysis. Analysts will be able to leverage world-class learning resources and programs to help them develop their professional skills. Concepts you need to know: Concepts related to M&A basics would do

HSBC

1. Role/ Department: STG (Strategic Transactions Group) Responsibilities: Concepts you need to know: Concepts related to M&A basics would do

Deutsche Bank

1. Role/ Department: IBD (Investment Banking Division) Responsibilities include making pitchbooks and roadshow presentations. Also, includes performing some valuations and investor presentations. Concepts you need to know: Concepts related to M&A basics would do. 2. Role/Department: GTB (Global Transaction Banking) Cash management, Trade finance and Securities services. Concepts You need to know: Cash Management

ICICI Bank

1. Role/ Department: ICICI Securities Ltd. Trading Profiles, Credit Analysis Concepts you need to know: Trading Profiles, Credit Analysis 2. Role/ Department: ICICI Bank - Management Trainee Students get exposure to all kinds of banking - wholesale, corporate, retail, investment and rural. Concepts you need to know: General Concepts of Finance

YES Bank

1. Role/ Department: Management Trainee Students get exposure to all kinds of banking - wholesale, corporate, retail, investment and rural. Concepts You need to know: General Concepts of Finance

Axis Bank

1.Role/ Department: Management Trainee Students get exposure to all kinds of banking - wholesale, corporate, retail, investment and rural. Concepts you need to know: General Concepts of Finance

CRISIL & ICRA

1.Role/ Department: Ratings Concepts you need to know: Risk and Return Concepts, Accounting, Business Valuation 2.Role/ Department: Research Description: Equity Research 3.Role/ Department: Infrastructure Advisory Description: More of a consulting Role

EY- Transaction Advisory Services

1. Role/ Department: LA (Lead Advisory) EY's IB division - Preparation of client deliverables – Information Memorandum, Investor presentations, Business plan and financial models. Sector focused M&A opportunity research and support on marketing pitches. Active participation in deal ideation Concepts you need to know: Concepts related to M&A basics would do. 2. Role/ Department: Restructuring Concepts you need to know: 3. Role/ Department: (PFI) Private Finance Initiative Concepts you need to know: General concepts of finance 4. Role/ Department: CFS (Corporate Finance and Strategy) Due diligence, assessing market attractiveness, understanding the competitive environment in the industry, explaining business performance and evaluating future potential. Day-to-day work might include analyzing data, conducting primary research (e.g. interviewing industry experts), conducting secondary research (e.g. analyzing industry reports), developing PowerPoint presentations and building and testing strategic hypotheses. Concepts you need to know:

PwC

1. Role/ Department: DDV (Delivering Deal Value) PwC Global's IB Division. Concepts you need to know: Curious about learning these concepts to crack internship interviews? Check out the Finance Internship Interview Prep Course on Konversations here.