Career in Financial Planning & Analysis...Salary, Growth Prospects

Career in Financial Planning & Analysis...Salary, Growth Prospects

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Publish Date:
May 15, 2024
Category:
Financial Careers
Video License
Standard License
Imported From:
Youtube

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When someone starts his/her career, say after CA/MBA/Graduation in Commerce, there is a confusion as to which field to join. For instance, should I get into a Financial Reporting role which is about crunching historical data, or should I get into Financial Planning & Analysis role, also known as FP&A
In my career, instead of the Financial Reporting role, I chose to spend my major time in FP&A role as it was forward looking – the data I analyzed was used for decision making
FP&A is a set of four activities that support an organization's financial health: planning and budgeting, integrated financial planning, management and performance reporting, and forecasting and modeling. FP&A solutions enhance the finance department's ability to manage performance by linking corporate strategy to execution.
Salary – 9-10 lacs p.a. and FP&A Head in a company can earn upwards of 1 cr+ p.a.
One of the biggest perks is that you greater access to top management as everyone is keenly interested about the future.
One good way to start in this field is to join either a conglomerate or a startup – life is exciting in different ways there.

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