EducationWorld
EducationWorld
ParentsWorld
TEDA
LEARN
EducationWorld Films
Search field required..
Follow Us
HOME
INSTITUTIONS
NEWS
PRODUCT & SERVICES
RESOURCES
JOB BOARD
CONTACT US
MAGAZINE
EDUCATIONWORLD CURRENT
EW ARCHIVES
PARENTSWORLD CURRENT
PW ARCHIVES
SUBSCRIBE
HOME
INSTITUTIONS
NEWS
PRODUCT & SERVICES
RESOURCES
JOB BOARD
CONTACT US
MAGAZINE
EDUCATIONWORLD CURRENT
EW ARCHIVES
PARENTSWORLD CURRENT
PW ARCHIVES
SUBSCRIBE
EducationWorld Network
EducationWorld
ParentsWorld
TEDA
LEARN
EducationWorld Films
Home
Institutions
News
Product & Services
Resources
Job Board
Contact Us
Magazine
EducationWorld Current
EW Archives
ParentsWorld Current
PW Archives
Subscribe
Search field required..
Wealth management: Bright future for wealth managers
Unprecedented prosperity in middle class India has stoked demand for wealth management services. This high adrenaline career is attracting a growing number of B-school graduates in particular
With the economy booming, stock and real estate prices rising, and salaries hitting the roof, the wealth and disposable incomes of several million Indians have grown substantially during the past two decades. The unprecedented prosperity of middle class India has stoked demand for wealth management services, which were hitherto the preserve of elite foreign banks. As a consequence, wealth management has emerged as a high adrenaline and well rewarding career option for the growing number of India’s university graduates, particularly of its 950-plus business schools.
According to the World Wealth Report 2005, published by Cap Gemini & Merrill Lynch, the number of high net worth individuals (HNWIs) in India grew by 14.6 percent, twice the global average of 7.3 percent, in 2004. Future growth in this segment is forecast at almost 20 percent annually during the next quinquennium.
Contemporary wealth managers provide ‘cradle to grave’ financial services. The services provided normally comprise investment under assets such as equity, mutual funds, debt, insurance, and specialised services such as estate management besides tax advisory, succession planning etc. To land a job as a wealth manager in a bank or financial services firm, you need to be an MBA (finance) from a reputed management institute or a postgraduate in economics. To accelerate your promotion you could enroll for a chartered financial analyst (CFA) programme. This programme is offered by the Hyderabad-based Institute of Chartered Financial Analysts of India by way of distance education or classroom courses. It covers corporate finance, financial services, and investment management. Similar programmes are also offered by:
Narsee Monjee Institute of Management Studies, Mumbai
SP Jain Institute of Management and Research, Mumbai
International Management Institute, New Delhi
BITS, Pilani
Xavier Institute of Management, Bhubaneshwar
UNLIMITED SCOPE.
With the demand for qualified wealth management professionals far outstripping supply, there is unlimited scope for professional advancement in this field. Private banks including HDFC, ICICI, foreign banks like ABN Amro, CitiGold Wealth Management, Citibank, Deutsch Bank, B.N. Paribas, HSBC, Barclays and Société Général, which have established private banking operations in India, and investment firms such as DSP Merrill Lynch, Kotak Securities, Anand Rathi Investments, and J.M. Morgan Stanley, are the preferred employers of aspirant wealth managers. Other big employers are stand-alone wealth management firms, which offer a full range of services such as investment advice, portfolio management, taxation advice, et al; mutual fund companies; and asset management and insurance corporates.
For professionally qualified wealth managers, the pay is good ab initio. Starting pay is around Rs.4–5 lakh per year, which could rise to more than Rs.1 crore within a decade as senior wealth managers manage portfolios of Rs.400–500 crore each.
“Until a few years ago investors didn’t think beyond investing in government securities, fixed deposits, and new equity issues. Today, the market is complicated and more people are opting for wealth management advice. Corporate professionals are emerging as our major customers since a growing number of IT companies, banks etc give stock options to employees running into millions of rupees. Hitherto wealth management was restricted to people with Rs.2–3 crore to invest. Now even people with Rs.20–30 lakh hire wealth managers paying fees of Rs.40,000–2,00,000 per year. Wealth management is evolving in India, which is a healthy sign,” says Aashish Somaiyaa, the Mumbai-based zonal sales head (western region) at Bharti AXA Investment Managers Pvt Ltd.
A chemical engineering graduate of the Maharashtra Institute of Technology (affiliated with Pune University) and an MBA (finance) from the Narsee Monjee Institute of Management Studies, Mumbai, Somaiyaa signed up as a management trainee with Prudential ICICI Asset Management. According to Somaiyaa, who now manages the Mumbai operations of Bharti AXA, the canvas is getting broader for wealth managers: “Now, we are free to also invest in commodities, real estate, gold, silver etc. Soon Indians will be allowed to invest abroad in a host of countries. So managing wealth will become more complicated and the demand for wealth managers will zoom.”
Aware of the huge possibilities in this newly discovered field, Somaiyaa is gearing to promote his own one-stop shop offering wealth management services. With India poised, he believes there’s room for many more asset management companies.
Related Resources
Entrepreneurship: Countrywide entrepreneurial boom
Clinical Research: Boom time for clinical researchers
Web design: Designing a future on the world wide web
Coffee tasting: Coffee-bar culture career opportunities
Copywriting: Demand explosion for copywriters
More Resources..
Universities
*
Engineering Institutes
*
BSchools
*
Multidisciplinary Colleges
*
EMBA Schools
*
Schools
Preschools
Ad will close in
seconds...
? Copyright 2018 EducationWorld Portal, email: info@educationworld.in, tel: 022-28815460 |
Privacy Policy
|
Disclaimer
产åŽèƒ¸éƒ¨ä¸‹åž‚严é‡æ€Žä¹ˆåŠžï¼Ÿå¦™æ‹›ä¸€ï¼šæ£ç¡®ç©¿æˆ´å†…衣。产åŽå¦ˆå¦ˆä¸é‡è§†å†…衣的穿戴æ£ç¡®æ–¹æ³•å°±ä¼šå¯¼è‡´èƒ¸éƒ¨å‘育缓慢ã€å˜å½¢ä¸‹åž‚或ä¸èšæ‹¢ç‰é—®é¢˜
丰胸产å“
。æ£ç¡®çš„方法应该是:上åŠèº«å‘å‰å€¾æ–œ45度,手穿过肩带,让肩带挂在肩上;钩上åŽé¢çš„扣å
丰胸效果
,用手把乳房的左å³ä¸¤è¾¹çš„肉往内衣ä¸é—´æ‹¨å…¥æ”¶æ‹¢é›†ä¸ï¼›è°ƒå¥½è‚©å¸¦çš„长度,调节适当的长度ä¸ä¼šå¤ªç´§æˆ–太æ¾
丰胸产å“粉嫩公主
,抬抬手臂动动肩膀看是å¦ä¼šæŽ‰è½ã€‚ä¿æŒè¿™æ ·æ£ç¡®çš„穿戴方法,还è¦é€‰ä¸Šä¸€ä»¶èˆ’é€‚æ— é’¢åœˆèšæ‹¢çš„内衣
酒酿蛋丰胸
,åŒæ—¶æ³¨æ„适时更æ¢æ—§å†…è¡£ï¼Œè¿™æ ·åšå¯ä»¥ä½¿èƒ¸éƒ¨å¾—到很好的ä¿æŠ¤ï¼Œæ— å½¢ä¸å°±ä¼šæå‡èƒ¸éƒ¨ã€‚