When India is emerging as a leading economy in the world, the financial intermediation activities too are bound to expand. Today, India has a huge financial market and its finance capital Mumbai is considered one of the leading financial centers of the world in the league of Paris, Tokyo, New York, etc. Moreover, offering attractive jobs in finance management and financial intermediation in India, a number of finance companies have offices in Mumbai and Delhi
What to See in Financial Intermediation Jobs in India
Financial intermediation job in India have international exposure and those who are working in the sector can work in various other parts of the world as companies operating in India have multinational operations. The fundamental job of intermediates is to channelize funds between surplus and deficit agents. A degree and deep understanding of finance management is crucial requirement for any professional to work in financial intermediation.
Requirement of financial intermediaries
Financial management requires micro understanding of investing money in profitable venture which cannot be done by common people and for that reason they hire services of experts who work on their behalf. The difference between an expert intermediate and amateur is that earlier knows where to invest and latter does not. However, rather than considering it a number game job, intermediation job requires knowledge of various laws which govern the management of finance.
Even big finance organizations hire finance experts to do mediator's job for them so that successful dealings can be done and cutting down the cost and high up the profit is made possible. A financial mediator knows how to manage the conflicting interests of lenders and borrowers to ultimately get the best result and reduce the friction as well ensure higher margin of profit. Notwithstanding, financial mediators also help in risk aversion by decreasing the risk involved in trashy transactions.
Career in Financial Intermediation
Expansion in finance sector and activities of finance management help in the expansion of work profile of a financial intermediation and new jobs come up every now and then. A financial intermediate is paid for his suggestion to banks how to transform certain assets or liabilities into different assets or liabilities so that the same can be productive for the organization and ultimately to those who have invested in the bank with full trust.
Moreover, an additional job entrusted with financial intermediate is to suggest and help banking bodies to channel funds from people and their extra money. The money then is used to lend to those who need it more than those who save it. It is in fact a wise practice and effective management of wealth to generate more wealth from the money which otherwise would have been lying useless. Circulation of money is crucial for any economy and finance intermediates do he same.
Conclusion
Though the job of finance intermediates may not be new, the term is quite unheard. However, rather than going out for terminological definition or differences, it is better to understand that the fundamental job of the professional in financial intermediation is to help out finance bodies to involve in economies of scale. Additionally, reduce the costs of lending and borrowing to help clients garner cutting edge benefits from the whole process.
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