CAREER OPPORTUNITIES IN INSURANCE SECTOR

CAREER OPPORTUNITIES IN INSURANCE SECTOR

The globalization of the Indian economy and opening up of the insurance sector has opened new doors to private competition and the new and improved insurance sector today promises several new job opportunities. With private players now in the field, there will be innovative products, better packaging, improved customer service, and, most importantly, greater employment opportunities.

There are a number of options to choose from for a career in Insurance. An insurance company will have openings in the marketing, distribution, actuarial, underwriting, operations and investing departments. Though some jobs like investing, marketing and distribution are the same in any other industry, actuarial and underwriting jobs are exclusive to the insurance industry.
• Actuaries
• Underwriter
• Surveyor
• Investment
• Marketing & Distribution
• Third Party administrator
• Insurance investigation and fraud detection

• Learning Grounds:
Following institutes offer specialized training and courses in the areas of insurance and reinsurance:
• Insurance Institute of India
• National Insurance Academy, Pune
• Actuarial Society of India

Apart from the above, certain universities and colleges also offer courses in the field of insurance and actuarial sciences which are much in demand.

Job Prospects:
Insurance is the new sunrise industry and a large number of openings are generally available. A plain graduate in the area of marketing and sales an expect anything between 8000/- to 15000/- per month plus incentives to begin with. Highly qualified professionals in the area of actuarial science are much in demand and command a very lucrative career. Their starting salary is the region of 50000/- and more per month and rises as more and more experience is gained. Most of the companies pay a very good premium to the qualification and offer incentives to retain the right people. Also the salaries rise exponentially with right kind of experience and qualifications.

Insurance is a very good career option for those who want to be part of the tremendous growth story being seen in the sector. The good thing is that jobs are aaiable

is a tremendous potential for an actuary not only in India but also worldwide, given that, the regulations now prescribe that every company must have an appointed actuary. The actuary, basically is a mathematician, statistician, who works out the premium rates, the product design, and infact, he decides on the solvency margin of insurance companies. We have an Actuarial Society of India in Bombay which conducts these professional examinations and currently, more than 1200 members are pursuing this education.”

CAREER OPPORTUNITIES IN FASHION DESIGNING

CAREER OPPORTUNITIES IN FASHION DESIGNING
The word fashion immediately flashes the images of glitz, glamour and allure of money and parties. While this is just one aspect of the industry, and you may get a chance to meet rich and famous, but making a career in the industry requires hard work, perseverance, patience, qualifications and skills and fair amount of luck to go with all this. Fashion design is not just about sketching pretty clothes. Fashion Industry seeks the most qualified and creative designers in this rapidly expanding and competitive market.

Work profile
Fashion Design can be divided into three main branches — Garment design, Leather design, Accessory & Jewellery design. With growing fashion consciousness, the fact is that we no longer wear clothes to just to keep ourselves covered or warm, but to express our personality and attitude and our way of life. Fashion designers help in creating a style, using the right fabric, the right cut and a good finish. Works of high end fashion designers are sold at a very high premium depending upon whether it is an exclusive collection or meant for catering the requirements of mass production market
leather designing is another area of fashion design where designers give shape to plain leather into various items and articles of wear such as jackets as well as accessories such a purses, belts and shoes and so on. Leather exports are one of the most potential foreign exchange earner for the country and Indian product are exported all over the world. Jewellery design is the high end job requiring great skill and ability to see the finest detail. The job involves designing and conceptualizing various items of jewellery such as bridal jewellery, diamond jewellery etc. Successful jewellery designers are able to sell their wares at a substantial premium at high end stores and units.

Employment Opportunities

In India, the fashion industry has just begun to come of age in recent years. The sector offers tremendous opportunities for talented and well qualified persons in the field. Prospects for fashion design graduates are good thanks to the huge and still growing demand for designer wear and the equally large volume of exports. The rising fashion consciousness even among the middle classes has given rise to the demand of fashion designers in various branches. Export houses and start trading houses also employ fashion designers at hefty salaries and perks.

Compensation Packages

The fancy salaries and hype associated with the industry is for those whose genius is recognized and those passing out of premier institutes and centres. For rest of the cadre, it is a little bit of struggle at least during the initial stages of career. However this struggle is well worth considering the fact that it will also make you tougher and able to take challenges later in life. Money is pretty good for those who have made a mark in the career and who have a flair for the profession. As a fresher you’ll start out with a monthly package of Rs.10,000-15000 Rs. A couple of years experience and maturity in your career and designing skills, your salary would be in the range of Rs.30,000-40,000 per month. For those who are able to mark a career for themselves in international arena, sky is the limit as far as money and recognition is concerned. They also feature in various page 3 parties and so on. But like all beginners, they too had to make a career struggle at least during earlier stages and this will keep your motivation high to dream bigger and better to make a mark in this career.

CAREER OPPORTUNITIES AS A COMPANY SECRETARY

CAREER OPPORTUNITIES AS A COMPANY SECRETARY
The career opportunities for a qualified Company Secretary are increasing as the economy is growing and new and more companies are entering the market. As per law all the public limited companies beyond a particular size are required to appoint a qualified company secretary who is generally a senior officer of the management. The role of company secretary is that of an advisor to the management regarding complex legal, regulatory as well as business and financial matters. Increasingly the roles of finance and company secretary are also getting merged and in many a company the same person is handling the two jobs, increasing his profile in the management

Eligibility
One can become a company secretary only after passing the final examination conducted by the Institute of Company Secretaries of India, ICSI House, 22 Institutional Area, Lodhi Road, New Delhi 110 003. CS course can be pursued in two ways. If you want to pursue the course after graduation, then you need to have a minimum degree of commerce with 50% marks. If you are a Science or Arts graduate, then you should have scored a minimum of 60% or more at the graduation stage, other graduates are eligible if they have an aggregate of 65% or more at the graduation stage. Those who do not have the minimum entry required or who want to pursue the course immediately after their class 12th examination have to appear in the Foundation Exam conducted by the institute.
Examination is conducted twice a year and all the course material is given by the institute. This is one of the most cost effective courses in the field of corporate law and finance.

Examination hurdle
The main entrance exam for CS is the Foundation Exam. The subjects include theoretical aspects of law, Economics and accountancy. Once you have passed the CS Foundation exam, you are eligible to become a CS student under the ICSI. There are two stages after that. First is Intermediate and the second is Final. You have to clear both the stages to be called a professional CS. Once you pass out of the institute, you are called ACS or an Associate member of the institute. With additional experience, you become FCS or fellow member of the institute.

Aptitude
Academic excellence, willingness to study extremely hard, keeping oneself abreast of latest changes in law and statutory requirements, aptitude for law and basic finance and taxation, time management, ability, decision making, analytical bend of mind, working under pressure and meeting stiff deadlines, determination and self motivation are the key requirements to be successful in the profession.

Job Prospects
CSs are highly paid professionals. The boom in the economy has led to further demand for the professionals. They are needed in various sectors and industries such as manufacturing, service, as also in financial sector, capital market, banking etc. Today a fresh CS can expect a starting pay of Rs. 25000/- and more and it can go up to 50000/- within 2-3 years of experience. Most of the companies pay a very good premium to the qualification and offer incentives to retain the right people. As an eye and ear to the Board, a CS is one of the most promising career opportunities for professionals.