With the introduction of convertibility of rupee on current account, the importance of international finance has considerably increased. Further, the prospect of introducing convertibility on the capital account appears bright. Growing exports and imports require a thorough understanding of international finance. Several companies are looking for professionals who understand the nuances of international finance, international capital markets and risk management. With the freeing of interest rates and free pricing of issues, the capital markets and the money markets have witnessed the introduction of new instruments and intense interplay of demand and supply forces which have increased the volume of activity in these markets.
Investors entrust their funds to mutual funds with trained and experienced portfolio managers.
A portfolio manager's job is very challenging since it involves the balancing of risks and rewards through skillful shuffling of the portfolio and maximizing the return on investment. With the significant growth of the mutual fund industry, there is a growing demand for portfolio managers. Investment Banking and Financial Services Investment banking is a growing field, which offers advisory services to corporate clients on restructuring, capital structure decisions, IPOs and raising funds through Euro issues and private placements. Financial Services include financial consultancy services, advice and negotiation with regard to merges and acquisitions, formulation of nursing programmes and rehabilitation packages for revival of sick units. Additionally, several asset-based financing products like leasing and hire purchase also form part of Financial Services.