Wealth Management: A Lucrative Career Path for Finance Grads

by Samiksha S. Author

Even though India is essentially a developing economy, in recent times, our nation has registered immense growth with respect to its economic parameters. For instance, just recently, about 17 billionaires were added to India’s total number of billionaires, taking the current count to a whopping 101!

This means every high-net-worth individual today is looking to improve his financials by getting hands on the right advisory services for portfolio diversification and allied services. However, in the days to come, wealth management is likely to become a requirement of individuals with decent earnings as well.

All this put together has hiked the popularity of Wealth Management as a career alternative in India and abroad. However, without relevant degrees to one’s credit, it is impossible to venture into the arena of Wealth Management.

This is exactly where we, at the Indian School of Business & Finance, one of the leading Bsc accounting college in Delhi NCR, come into the picture. At our Institute, the goal is not just to prepare students for the domestic financial environment but also to equip them to function across borders as far as offering Wealth Management Services is concerned. Let us now get to know more about this profession.

Why is Wealth Management a Lucrative Career Path for Finance Grads?

· Rapid Rise in High-Net-Worth Individuals:

The number of high-net-worth individuals is rising rapidly. These individuals are continuously looking for professional help as far as maintaining and expanding their asset base is concerned. Since these individuals have multiple sources of wealth, which keep changing basis the inflow frequency and quantity, they seek guidance related to accounting, tax planning, financial advisory, and will drafting.

Wealth Management professionals can pitch to such customers as most of the times, these people turn out to be retainers who help in generating decent revenue in the form of professional fees. At ISBF, one of the most trusted Bsc accounting college in Delhi NCR, we ensure that our pupils bloom into knowledgeable and reliable professionals who can be trusted for their skills and expertise in financial matters.

· Lack of Professional Expertise on the Client Side:

Finance as a subject is quite vast, and so is Wealth Management. When an individual is consistently generating wealth, a smart way out is to avoid putting all eggs in the same basket and instead focus on market-oriented portfolio diversification.

Since common people lack the experience and expertise to make a lucrative portfolio, they often turn to wealth management professionals for assistance. No doubt, across every block and quarter, demand for these professionals is on the rise.

· Global Recognition towards Wealth Management:

One thing that most individuals have come to realize today is that it is easy to accumulate wealth; what is difficult is to ensure favorable returns out of such accumulation. There was a time when people had such a realization but were ignorant about the help they could get in this regard.

This woe is completely done away with in today’s times as digital media is on the roll as far as educating people about the presence and importance of Wealth Management goes. We, at ISBF, a renowned B.Sc. accounting and finance institute in Delhi, through our collaboration with the London School of Economics and Political Science and the University of London, train our students to utilize their finance degree and offer Wealth Management services to seekers in India and abroad.

· Niche Profession:

Even though finance is a full-blown profession, the number of active wealth management professionals both in India and abroad is limited. This only means that Wealth Management is a niche profession.

Since the competition in this arena is somewhat narrow, you as a Wealth Management professional are sure to flourish in terms of both recognition and your financial goals. In fact, there is a lot of scope for learning and experimentation to bring the best results for your clients.

Kick Start Your Journey as a Wealth Management Professional

If you are a finance fanatic and wish to make a career in the financial sector, then Wealth Management is a great field for you to explore. One of the primary reasons being clients are slowly making a shift from traditional financial service providers, like investment bankers and equity researchers, to wealth managers. The reason being the latter is capable of offering holistic services across multiple aspects of finance and wealth.

The best part is that you need not function as an independent professional in the shoes of a wealth manager. This is because, in recent times, HR professionals and head hunters are looking to hire multiple wealth managers in the role of private bankers.

If this is what you wish for your future to look like, then a great starting point would be to pursue your finance degree from ISBF, a well-known Bsc accounting college in Delhi NCR. At our institute, the goal is to educate our students not just about the theoretical aspects of finance and wealth but also about the practical vertical.