BLOG

Certainly, the rapid rise of the stock market in the country to new heights is seen increasing career opportunities in the stock market rapidly. It is no small matter that The Bombay Stock Exchange (BSE) Sensex, which was around 25,000 points 10 years ago , reached a high of more than 76,600 on 12 June 2024. It is no small matter that with the total market capitalization of companies listed on the BSE crossing five trillion dollars, India has become the fifth largest country in the world to reach this milestone. After the Corona period, the interest of Indian domestic retail investors has increased in the stock market .

Investment in Mutual Funds and Employment Opportunities

In fact, people's attraction towards the stock market has increased rapidly. People who do not understand the stock market or have little understanding of it , but want to take advantage of the boom in the market , have realized that they can get much higher returns from the stock market than a bank savings account or FD. In the last 10 years, debit accounts have increased from 2.3 crores to 15 crores and the number of mutual fund investors has increased from 1 crore to 4.5 crores. Lakhs of small investors are enthusiastically connected to the market today. India is the fourth largest stock market in the world and the trust of global investors has also increased in the Indian stock market.

It is noteworthy that according to the data released by the Association of Mutual Funds in India in June 2024 Mutual funds in India are close to adding Rs 10 lakh crore in less than a year . Not only this, this is the fastest growth in mutual fund assets ever. Since its inception in 1964 , it took five decades for the fund industry to create the first Rs 10 lakh crore of assets, while it has added the last Rs 9 lakh crore of assets in less than six months. According to the data , in May 2024 , investment in equity mutual funds saw an unprecedented increase and reached a record high of Rs 34,697 crore. Investment in equity mutual funds has jumped by 83.42 percent as compared to April 2024. It was Rs 18,917 crore in April. It was Rs 3,240.30 crore in the same period a year ago i.e. in April 2023. The data shows that investors continue to prefer small and mid-caps. In May , the AUM of equity mutual funds It became Rs 25,39,777.74 crore. In this way, due to the rapid growth of mutual funds, employment opportunities in the stock market are also increasing.

Stock market and employment opportunities increased due to liberalization and privatization

Certainly, liberalization of the Indian economy has led to the growth of the investment trend. As a result of the growing interest of investors in the stock markets, there has been a huge increase in employment opportunities in these markets. If we look closely, the health of the economy of any country can be judged on the basis of the fluctuations in its stock market index. The stock market is a mirror of the economy of any country. This is the reason why today this sector has emerged as a better option for employment. Due to the possibility of the country's growth rate increasing, domestic and foreign investors have moved forward rapidly in the stock market . The number of investors from small towns and rural areas has increased. People have started to understand that the stock market is not a casino, it is an economic barometer to measure the pace of the country's economy.

Expectations of a boom in the stock market from the new government

It is worth noting that the new NDA coalition government led by Prime Minister Narendra Modi has inherited a good legacy of economic environment and now the way the new government has received the support of the coalition is encouraging for the stock market. For the last 10 years, India has moved forward by improving the economy due to the stable , strong and effective government led by Prime Minister Narendra Modi . While the growth rate in the last financial year 2023-24 is more than 8 percent , it will be seen at the level of 6.5 to 7 percent by the next decade. It is being highlighted in various economic reports that direct tax collection in India has increased by 17.7 percent to Rs 19.58 lakh crore in the year 2023-24 . Similarly , Goods and Services Tax ( GST ) has been at the highest level in 2023-24 . Its size has been Rs 20.18 lakh crore , which is 11.7 percent more than last year . These bright tax collection figures reflect the rapid growth in the Indian economy and the increase in the incomes of individuals and the corporate sector.

Increase in credit rating will increase the stock market and career opportunities

Recently The world's renowned credit rating agency S&P has changed India's rating from stable to positive in view of India's strong economic growth , rapid economic reforms and increasing fiscal strength. The rating agency says that in the last three years, the average real growth rate of India's gross domestic product (GDP) has been 8.1 percent annually and now this growth rate will be close to 7 percent continuously in the next three years. The world's renowned investment banker Goldman Sachs has increased India's growth rate to 6.7 percent in the calendar year 2024 in its new report . Under other important new reports related to the increase in growth rate in the current financial year, the International Monetary Fund-IMF has projected a growth rate of 6.8 percent , Asian Development Bank ( ADB ) has projected 7 percent and the World Bank has projected 7.5 percent growth rate. Now economic strength will increase foreign direct investment (FDI) in the country. This will increase the productive capacity of the country and improve the growth prospects. This will improve the business environment in India. This reform will also motivate those domestic investors who are currently sitting on the sidelines waiting to invest to increase investment on a large scale. This will also increase the stock market.

Expansion of self-employment-employment opportunities in the stock market

Undoubtedly, the stock market has become a good medium of self-employment and employment. The rules and regulations of the stock market are still complex and it is difficult for the common man to understand them in the beginning . Since it is not easy for the common man to understand the process of the stock market , trained professional experts are required for the common man to invest in the stock market. Therefore, there are a large number of employment opportunities in the form of consultancy in this field.

To trade in the stock market, one has to first open a demat account. One can trade shares online or by placing an order with the broker from this account. In such a situation, apart from broker and sub-broker , there are employment opportunities as market analyst , research analyst or equity researcher. Investment banks , mutual fund companies , financial institutes , There are plenty of jobs available in financial websites , stock broking firms etc. A good amount of money can be earned by joining jobs like financial analyst and specialist , industry specialist , capital market specialist , investment and financial planners . Many mutual funds and financial companies appoint capital market specialists and securities analysts to keep an eye on the new trends of the market . Due to online business, dealing can be done in any stock market of not only the country but the world while sitting at one place .

Skills required for a career in the stock market

There is no doubt that certain skills are necessary for a career in the stock market. The ability to analyze the stock market is a primary requirement. For a better future in this field, you need to be sharp and intelligent. It is beneficial to have good personality, ability to take quick decisions , understanding of the market as well as expertise in dealing with customers . Apart from this, to work in this field, it is also necessary to have expertise in the use of computer and internet. Knowledge of English is considered as an additional qualification for this field. If we talk about educational qualification, then commerce , economics , mathematics etc. are required. This stock market is a great field of work for students of science subjects . Special certificate courses related to the stock market are also beneficial .

Various career courses related to stock market

Since the career in the stock market is a field related to financial investment, if your educational background is related to finance, economics or business management, then your understanding of the stock market will be better. It is clearly visible that in view of the immense possibilities in the stock market, various universities and institutes are conducting certificate, diploma, degree and post-graduation courses related to it. It has grown rapidly. Candidates interested in getting employment in the stock market can mainly do Capital Market , Dealer Module and Derivatives Four Module , Certificate Program on Capital Market , Post Graduate Diploma in Certificate International Investment Analyst and Post Graduation Diploma in Capital Market.

Various employment oriented courses related to stock market are available in various universities and colleges including various stock exchanges of the country . The Mumbai Stock Exchange Trading Institute , Mumbai. The Institute of Capital Market Development , New Delhi. UTI Institute of Capital Market , Navi Mumbai also hold prominent positions for courses related to stock market. For information on various courses related to stock market, BSE Training Institute , 18-19th Floor , BSE , Mumbai Stock Exchange Limited , PJ Tower , Dalal Street , Mumbai-01 can be contacted.

Importance of certification and expertise for a career in the stock market

It is also important to gain expertise in financial analysis and portfolio management through certifications and courses like NISM, NCFM, CFA and CMT. After completing this certification, one should also do an internship in brokerage firms, financial institutions or investment banks, this gives practical experience and networking opportunities. Nowadays, many institutes are also offering professional courses related to the stock market like PG Program in Securities Market, Advanced Diploma in Stock Market, which you can do both online and offline as per your convenience. To make a career in the fields related to the stock market/stock market/stock exchange, apart from doing the appropriate course, you will also have to focus on learning its nuances. The salary packages at the initial level in the stock market and related startups/firms vary according to the skills and expertise of the young professionals. It also depends on your role and the market size of the company.

How to move ahead for a career in the stock market

In such a situation, if you also want to make a career in the stock market, then you can move forward on the path of a career in the stock market by doing a suitable course related to the stock market from a quality institute as per your suitability.

Dr. Jayantilal Bhandari (  Career Counselor) 111, Gumasta Nagar , Indore- 9 ( Phone- 0731 2482060, 2480090)