Summary of "A Complete Guide On Making Career in Finance || 2025"

This comprehensive video provides detailed guidance on building a career in the finance sector, particularly focusing on the BFSI (Banking, Financial Services, and Insurance) domain. It distinguishes between finance (core financial functions like accounting, auditing, taxation, treasury management) and financial services (delivery of financial products like banking, insurance, Mutual Funds, Stock Broking). The discussion is led by a host and Mr. Saumya Ranjan, CEO of BFSI Sector Skill Council, who shares insights on career paths, market size, required skills, and entry strategies.

Key Financial Strategies, Market Analyses, and Business Trends:

Finance vs Financial Services:
- Finance involves hardcore financial activities requiring qualifications like CA, CS, CMA, or MBA Finance. It is industry-agnostic.
- Financial Services includes roles in banking, insurance, Mutual Funds, Stock Broking, etc., where educational background is more flexible (B.Sc, B.A, B.Com, Engineering, etc.). It focuses on selling and servicing financial products.
Market Size & Growth:
- Organized BFSI sector employs roughly 17 lakh people in banking branches alone.
- Insurance sector has about 27 lakh advisors.
- Stock Broking has 5000+ registered firms.
- The BFSI sector is growing at 7-8% annually, with continuous demand for fresh talent and experienced professionals.
Career Opportunities:
- Huge scope exists in banking (public and private sector), insurance (life and non-life), Mutual Funds, and stock markets.
- Mutual fund distribution is a growing field with a large gap between population and distributors, offering entrepreneurial opportunities with minimal qualification (12th pass + certification).
- Banks are hiring through exams (PO exams for PSUs) and increasingly on contract/specialist officer basis for experienced professionals.
- Apprenticeships and internships are becoming formalized and important entry points.
Regulatory Exams & Licensing:
- Licenses required for financial services roles:
  - Insurance: IRDA license
  - Mutual Funds: AMFI/NISM certification
  - Stock Broking/Research Analyst: SEBI regulated exams
- These certifications are affordable and accessible, enabling a "Do It Yourself" (DIY) approach to start careers.

Methodology / Step-by-Step Guide to Enter Finance/BFSI Sector:

Understand the Sector:
- Distinguish between finance (accounting, treasury) and financial services (product delivery).
- Identify your interest area: banking, insurance, Mutual Funds, stock market, etc.
Obtain Necessary Certifications/Licenses:
- Register with regulators and clear required exams (IRDA, AMFI, NISM, SEBI).
- This enables you to start as a distributor, advisor, or analyst.
Do It Yourself (DIY):
- Start working independently by approaching clients or working freelance.
- Gain practical experience by applying knowledge directly.
Internship and Apprenticeship:
- Internship: Flexible, non-legally binding, can be done multiple times during education.
- Apprenticeship: Structured, government-regulated program with fixed duration (6 months to 3 years), stipend, and limited to one per individual.
- Apprenticeships provide real-world training similar to employee roles and increase employability.
- BFSI Sector Skill Council is launching structured internships tailored to specific BFSI areas (Mutual Funds, insurance, stock market, etc.).
Prepare for Interviews:
- Tailor your resume to the specific BFSI vertical (Banking, Financial Services, Insurance).
- Be ready to discuss your knowledge of relevant products and market.
- Practice self-introduction confidently.
- Demonstrate leadership, problem-solving, empathy, and target-driven attitude.
- Show flexibility to take on multiple roles and challenging assignments.
- Be aggressive and proactive about targets during interviews rather than avoiding them.
- Always ask questions at the end of the interview to show interest and negotiation skills.
Leverage BFSI SSC and Government Portals:
- Use BFSI SSC website (bfsi ssc.com) for apprenticeship and internship listings.
- Use government portal apprenticeshipindia.in for apprenticeship opportunities.
- Check company websites of top banks and financial institutions for openings.
For Career Switchers:
- Start from entry-level roles related to your interest (e.g., equity research).
- Use internships/apprenticeships to gain domain knowledge.
- Relate previous industry experience to BFSI sector (e.g., pharma MR to pharma equity analyst).