Calculation on Insurance premiums, Investment plans, and retirement plans are among some of the job responsibilities of financial actuaries. They use Statistical models to analyze historical data to predict future outcomes. What is the Job role of a Financial Actuary?įinancial Actuaries use statistics, mathematics, and financial models to assess the financial cost risks and uncertainty of an organization. Hey, did you know about this position? Let us know in the comments section. You can call it the Cinderella when it comes to a career in finance in India, since many finance professionals never even heard of it, despite its high growth potential and high demand. With an average salary of as high as 25 – 30 lakhs per annum, Financial Actuary stands at the third position on our list. Financial Actuary (Average Salary: 25 – 30 Lakhs PA) Having a Master’s degree in Finance/ management is an added benefit for career growth. To be considered for the position of Chief Financial Officer, a Bachelor’s degree in Finance is necessary, along with many years of experience.
What are the requirements for becoming a CFO? They determine the company’s financial strengths and weaknesses and suggest appropriate actions. Aside from that, they monitor and make decisions related to the company’s financial stability and well-being. Decisions regarding the capital structure and tracking the cash flow of an organization are among the prime duties of a CFO. What does a Chief Financial Officer (CFO) do?Ĭhief Financial Officer is a senior-level executive in a corporation who is tasked with managing and supervising all financial actions of the organization. While the role of a CFO is required in virtually every company, there are the greatest prospects for a career in the Retail and Banking sectors. Despite being one of the hardest positions to attain, finance aspirants still dream of working in this position. Standing at the second position with a whopping average salary of 37 lakhs per annum is the most popular dream job in India: Chief Financial Officer (CFO). Chief Financial Officer (Average Salary: 37 Lakhs PA) The CRO position requires a bachelor’s degree in finance and an advanced degree, such as a Masters’s in Business Administration (MBA), with an average experience of around ten years in the corporate sector. What is the process of becoming a chief risk officer? There is another synonym for this position known as Chief Risk Management Officer. The risks include regulatory, competitive, and technological threats. What does a chief risk officer do?Ī Chief Risk Officer (CRO) is a corporate executive tasked with identifying, evaluating, and eliminating internal as well as external risks in an organization. Now let’s understand a few things about this prestigious career in finance in India. It is one of the highest rewarding jobs in India with an average yearly salary of 50 Lakhs INR (Approx.)
In our number one spot of the list stands the most sought and highest paying career in finance in India, i.e., Chief Risk Officer (CRO) though if you are at the beginning of your career, you have a long way to go to reach this position. Chief Risk Officer (CRO) (Average Salary: 50 Lakhs PA) list of the top 10 highest paying finance jobs in India that you may pursue 1. But the good news is that we understand this enigma. It is not too late to grab your share of the opportunities.Īll you have to do is name it and claim it! However, choosing the right career path isn’t easy, as there are so many options to choose from that it seems overwhelming at times. As the saying goes, if you can dream it, you’re already halfway there. Whatever you do, it is fundamental to success that you have a clear idea of what career path you want to take. If you’re a finance graduate or postgraduate, or just at the end of your final year and wondering what’s next for you, we can help you figure out what comes next. Top 10 highest paying finance jobs in India.