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What are the career opportunities in microfinance sector?

Date: 19 Mar 2016   Posted By: Navneet     Group: Career Guidance    Category: Finance and Banking Jobs   

What are the career opportunities in the microfinance sector? Can you also provide the detailed information about the college or institutions? Also provide some tips for this type of job and growth chart in this sector.
Experts: do respond.

Searching for information about careers in the microfinance sector? Find responses from experts on this page.

Author: JAYAPRASAD    20 Mar 2016      Member Level: Bronze     Points : 2  (Rs 2)    Voting Score: 0

The microfinance industry in itself has the potential to generate thousands of job opportunities and with the increase in scale, these are bound to increase. The sector provides interesting and challenging opportunities leading to a sense of fulfillment and job satisfaction. To achieve scale and spread in operations, Microfinance Institutions (MFIs) require management expertise and qualified human resources to fuel such growth. The outreach of the Microfinance Industry in India is high and the industry is among the most efficient in the world.

Author: Kailash Kumar    21 Mar 2016      Member Level: Platinum     Points : 1  (Rs 1)    Voting Score: 0

As far as career prospects in microfinance sector is concerned, there are two aspects of it. The one is to avail microfinance facilities and go for self employment. The other option to try to get a job in this sector. Regarding jobs, the microfinance is similar to banking sector. Therefore eligibility criteria is similar. Depending upon the educational level of the aspirants, opportunities will be available. There will be competitive examinations to be cleared. One may opt for MBA, CA and such other professional qualifications or simply go for studies in commerce stream up to possible level.

Author: Purna Prasad Sharma    21 Mar 2016      Member Level: Silver     Points : 2  (Rs 2)    Voting Score: 0

In india micro finance is mainly based on rural and semi-urban area.There is a good scope and opportunity in micro finance sector but you have to very careful while joining this industry because most of the micro finance organisations in india aren't running in the appropriate way without receiving the certificate from Non banking financial corporation or we can say not approved by NBFC.So you may also be suffer in case of fault and forgery doing by the company.As i said they specially bssed on rural and semi urban area,so course related to rural finance or rural banking added an advantage to work in this organisation.

Author: Partha Kansabanik    21 Mar 2016      Member Level: Diamond     Points : 3  (Rs 3)    Voting Score: 0

There are hundreds of rural banks, co-operative societies and other micro-financing organisations operating in rural, semi-urban areas and small towns all over India. They provide substantial number of local jobs to local people, which are generally not known in metro cities. In addition, private financing institutions and mutual fund AMCs (based on bigger cities) are now spreading their roots to the smaller cities and semi-urban areas to tap the substantial customer base in those areas.
Under these circumstances, an educated individual with relevant educational qualification and having flair to work in micro-financing sector, can/will get adequate opportunities provided he/she is ready to work in rural/semi-urban areas or villages.

Author: Mahesh    23 Mar 2016      Member Level: Gold     Points : 3  (Rs 3)    Voting Score: 0

Micro-finance sector has plenty of options or the careers. To name a few you can be a counselor to guide the new business owners. You can also give the paid consultation. Some of the government initiatives need the consultants and the guides in their organization to guide on finance and other options.

You can work in the banks and their schemes to get more people to access the micro-finance. Most of the micro-finance related jobs are given within the banks and other similar institution.

You can also find some of the micro-finance training and the service providers. And those organization can be really good for training and the services being offered. You may want to start the career from the banks that are into the micro-finance.

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