Going by the new trends in the finance sector, is it advisable to purse career in finance.

Going by the new trends in the finance sector, is it advisable to purse career in finance.

The financial sector has a wide range having corporate finance, banking, insurance and financial services as its component. There are various choices in every field, within corporate finance; one could opt for a career in auditing, accounting, project finance, costing, taxation, etc. Traditional as well as merchant banking constitutes a part of banking. MFI or microfinance institutes have emerged in the recent times. There has been a drastic change in the way the insurance sector operates in India which has resulted in development of exchanges and better regulation of these markets.

When the economy is booming, financial professionals and financial services are required or even when the economy is not doing well these services are needed. The future of financial sector is very bright. As we all know, that in a country like India, the economy keeps on progressing thus the share of the services sector in the GDP keeps increasing. If we talk about the percentage that the financial sector covers, it’s almost a fifth of India’s GDP and growing rapidly.