Pros of Considering Finance as a Career!

Finance provides profitable career options for Indian cadets. this field has been growing and offering working opportunities. it provides cadets with various courses and offers a wide range of employment in India. 
If you are highly interested in pursuing a career in finance, keep reading! This article will walk you through the benefits of finance, the importance of financial professional courses, the role of finance in business decision-making, and the impact of financial decision-making.

What is Finance?

In simple terms, finance is how you manage the money in business. It includes activities like financial planning, investing, borrowing, savings, budgeting, and forecasting. It is a process of how you channel the funds to those entities that need investments. 
There are three types of finance:
  • Personal Finance
  • Corporate Finance
  • Public/Government Sector Finance
People are obliged to deal with many finance topics as a finance professional. Thus, the benefits of finance topics are seen in business operations. The most common types of finance topics that are useful and mandatory for such professionals to decode the finance industry are: 
  • Interest rates 
  • Principles of financial accounting 
  • Yield in the form of coupon payments or dividends
  • Financial statement analysis through advanced financial accounting (balance sheet, income statement, cash flow statement)
  • Cash flow
  • Profit (net income)
  • Cost of capital (WACC)
  • Rates of return (IRR, ROI, ROA)
  • Dividends and return of capital
  • Shareholders
  • Creating value
  • Risk and return
  • Behavioral finance 

Types of Finance Professional Courses

Pursuing finance professional courses boost the career prospects of an individual. While certification might not be an ideal parameter to justify their proficiency, finance leaders give extra credits and opportunities to professionals who earn these finance professional course degrees due to their dedication to completing the course. 
Every finance certification has a different duration and assessment process. Though the finance courses differ in terms of syllabus and specialization, the advantages of finance are similar for each of them. Therefore, you should choose according to your preference and choice. Multiple finance careers courses enable you to enjoy the benefits of choosing finance as a career path. 
The list of finance professional courses is as follows: 
  • Chartered Financial Analyst (CFA) Certification
  • Financial Risk Manager (FRM) Certification
  • Financial Modeling Course
  • Certified Financial Planner (CFP) Certification
  • Certified Fund Specialist (CFS) Certification
  • Certified Government Financial Manager (CGFM)
  • Certified International Investment Analyst (CIIA)
  • Certified Management Accountant (CMA)
  • Certified Private Wealth Advisor (CPWA)
  • Certified Government Financial Manager (CGFM)
  • Certified Treasury Professional

Career Prospects in Finance 

Choosing a career path is overwhelming. However, it is easier to decide when the job prospects of that career path are positive in the country. Including various other career options, the finance career course is no different! You can find lucrative career options in finance and ample benefits in finance, too. Let's delve deeper into some of India's highest-paid jobs under broad categories in finance with NorthStar Academy.

List of Specialization 

  • Fintech
  • Accounting
  • Corporate Finance
  • Lending
  • Investment
  • Advisory services

List of Highest-Paid Jobs in Finance 

  • Financial Analyst
  • Compliance Officer
  • Financial Advisor
  • Accountant
  • Loan Officer
  • IT Auditor
  • Financial Software Developer
  • Investment Banker
  • Hedge Fund Manager
  • Private Equity Associate
  • Chief Financial Officer
  • Chief Compliance Officer
  • Chief Risk Officer
  • Management Analyst

Benefits of Choosing Finance as a Career

The importance of the financial sector in a country never goes out of fashion. It is a crucial component in any structure that involves economic activity. No wonder! It comprises a range of benefits and can be viewed as a positive career path.  It has a multidimensional structure. Therefore, it can turn out to be a great career choice for you. So, let's dive deeper into the advantages of finance as a career path in accounting and finance. 
  • Higher Earning Potential

The finance sector deals with money; every business functions with the inflow and outflow of funds or cash. Thus, recruiters are highly engaged in hiring financial professionals. The high demand for such professionals has led to the offering of high salaries to such professionals. Thus, the finance sector gives higher earning potential to finance professionals.
  • Lots of Career Options

The finance sector has a lot of career options. These career prospects include a wide range of roles and responsibilities. There are options like investment banking, risk analysis, finance analysis, financial management,  assets management, and many more that give high-salary jobs to suitable professionals in finance. 
  • Job Stability

The finance sector gives job stability to people. It is because of the universality of finance in the company. Every business needs finance professionals to manage their money and make finance models for their businesses for profit making and better growth.
  • Scope of Advancement

There is a scope for growth in the finance sector. You can start as an entry-level professional and push your career to senior executives in the industry. Thus, you can find positive career growth in the industry. With high salaries,  job security, and a great networking base, you will have a higher scope of advancement in the finance sector.
  • Intellectual Challenge

The finance sector is an industry that requires high intellect and rigorous learning with analytical knowledge. They need critical thinking to analyze data and provide businesses with creative yet useful financial models. These are some of the challenges professionals face in their work. However, they are highly skilled in their work.
  • Opportunity for a Balanced Lifestyle

Finance jobs are challenging indeed. However, a lot of jobs in the financial sector tend to give a fairly balanced lifestyle to professionals. A balanced lifestyle thus allows people to keep a wholesome balance between their work and personal life. It is a positive aspect for people, especially for those who can choose their timetable and are independently employed.  
  • Challenging yet Rewarding Career Option

To become a finance professional, you must strive hard towards your career. Finance is not an easy endeavor, but the way will seem easy with NorthStar Academy. It requires brains, hard work and a good finance education to succeed in this career path. Being an intellectually stimulating field, the finance career path is one of the most challenging yet rewarding career options. 
  • Opportunity to Continue Your Education

A finance career is a flexible career path. Finance employers are prone to see their employees advancing their education in finance. Being a part of a flexible career path, you will get an opportunity to pursue your education in various fields of finance. Earning an advanced degree in finance also allows you to earn handsome salaries. Thus, your higher education in finance will pay you off well! 
  • A Flexible Career Path

Finance positions are highly in demand in every company. There are a large number of job opportunities in the finance field. Therefore, you can get an opportunity to move your finance career to the next level and excel in your career wholesomely. You can get various opportunities in the finance field thereby, you can also get an opportunity to expand your career abroad in finance as it is not a location-specific career. Thus, you can find your career enriching indeed. 
  • An Evolving Career Path

The finance career path is continuously growing. Therefore, one can find a lot of job opportunities in finance. With the advent of new advancements, traditional banking has evolved into incorporating fintech products. These fintech products include cryptocurrencies and the decryption of financial statements. Therefore, the finance sector is growing and breathing new room for evolution and advancement. 
  • Opportunity to Enjoy Compensation and Perks

The finance career option provides various job choices and opportunities to rank ahead in their career. The more-than-average salary and other benefits are the cherry on the cake. Various perks like private healthcare, insurance, discounted travel, dining, and gym membership motivate professionals to work harder and relish the promotion in their careers. Moreover, high compensation and bonuses shine through in the finance career path. These bonuses are the driving factor to appeal to potential candidates to choose a finance career path. 

Role of Finance in Business Decision-making

Every business requires finance to operate in day-to-day life. Companies and their businesses are inseparable from the financial analysis. Thus, you can observe finance's role in business decision-making as crucial enough to operate. Let's understand it in detail.
  • Strategic Planning

Proper planning or a road map is necessary to operate a business. Planning requires financial analysis tools and techniques to estimate the cost required to achieve the goal of the business. Hence, strategic planning is incomplete without financial analytical projection in a business.
  • Cost Controls and Increased Profits

Profit-making is the sole objective of the business. Thus, finance is crucial in discovering novel ways to increase profits. Finance determines the source to improve efficiency and productivity. It is vital to review the financial statements regularly so that the importance of financial statements can be utilized by businesses to control the costs of their operations.
  • Manage Inevitable Risks

Financial management often works towards avoiding or managing unavoidable risks in the business. Financial reports summarize interest rates, foreign exchange rates, fluctuations in currency, and changes in the price of goods and services. These data help in managing the risks and help put dangers at bay.

Basic Financial Principles

Managing finances is such an overwhelming task. Therefore, finance professionals work on the 4 basic financial principles. These principles include: 
  • Time Value of Money

  • Budgeting 

  • Cash Flow Management 

  • Facilitating Financial Instruments

What Should You Consider Before Taking Finance as a Career?

Choosing a finance career course is an important aspect of an individual's life. Thus, you must consider various factors that affect your interest in finance as a career. You should ask yourself the following questions to understand your interest in finance:
  • What degree should I pursue to build my career in finance?

An entry-level requirement to build your career in finance includes pursuing a bachelor's in business, accounting, finance, or any related field. Moreover, you can pursue a master's degree in finance, accounting, or a related field or gain other finance certifications to gain more advanced knowledge in finance. 
  • Are there any career prospects available in finance in my city?

There are various job sites like Glassdoor,, or Indeed where you can seek job opportunities in finance. It has been observed that people are prone to find job opportunities, mainly in metro cities where more banking and financial institutions thrive.
  • Is it possible for finance professionals to work remotely?

Finance jobs are available in hybrid mode, and remote work is available, too. Finance professionals find job roles after pursuing one of the many finance professional courses or finance and accounting courses. Job roles are available, such as risk monitor analyst, revenue accountant, and accounting policy specialist, where remote work is highly in demand, and you can build your career remotely.
  • Are there additional certificates needed for a career in finance?

It is quite subjective and might vary by state. Several finance career paths demand some finance certifications. For example, a Certified Management Accountant (CMA) must undergo rigorous learning and work experience before taking the exam and finally earning a certification.

Frequently Asked Questions

1. What is the main goal of finance?
The primary objective of finance or financial management is profit maximization. Profit maximization is the process by which financial professionals assess and utilize available resources to their highest potential so that businesses maximize profits. This leads to a high return on investment for businesses.  

2. Why is finance essential in business?
Finance is essential in every business. Business finance is the collection of funds and credit borrowed in a business. These finances are necessary for purchasing assets, raw materials, and items for business operations. It is the whole and sole resource of doubt business transactions, and therefore, it is essential in business. 


In conclusion, the finance career is being expanded with the help of technology and advancements and career opportunities. there are plenty of options to build a career in this field. Moreover, high salaries, more responsibilities, job security, and a high and professional network base make this career more attractive. 
Therefore, finance is an incredible choice if you want a rewarding career. Northstar Academy is an excellent option to seek mentorship and training programs and courses like financial accounting, CMA, CFA, and CA to build your career in finance. If you need that special guidance, look no further and sign up today because your career is your lifetime investment!

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