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Meet The Corporates

Meet The Corporates

Have you ever met someone from the ‘corporate world’ and their job title has confused the hell out of you? I’ve been there, done that. In fact, I still remember that time when I sheepishly asked my CA for stock market tips, to which she replied, just how you wouldn’t go to a general physician for your toothache, you can’t come to a CA for investment advice, for this you must consult a financial advisor.

#1: Your Chartered Accountant is NOT your Financial Advisor/ Planner:

Your CA is an expert in taxation, auditing, and accounting. Which means he/she can help you plan your taxes well as he/she knows all the tax laws and is pretty updated when any tax changes are made. Apart from your personal finances, a CA can also check (audit) your business accounts. He/she is brilliant with accounting concepts, making balance sheets, reading the financials of a company, etc.

On the other hand, your Financial Advisor/Planner will help you with your investment-related doubts and queries. He/she will help you diversify your money into different avenues to grow it. He/she can build a suitable financial portfolio for you after taking into considerations all your risks. Apart from that he/she can also help you with your insurance, and retirement planning.

#2: An Investment Banker is different from a Retail Banker

An investment banker plays a completely different role than a regular banker. He/she helps businesses raise money in capital markets by issuing debt or selling equity. Other job duties include assisting businesses with mergers and acquisitions (M&As) and advising them on unique investment opportunities. These are the people who also help companies with the IPO process. 

On the other hand, a retail banker helps you with your day to day banking needs like advising and assisting you with services such as setting up savings accounts, authorizing loans, helping with banking facilities etc. 

#3: A trader is different from a broker:

A trader is one who participates in the stock market to grow his money. Whereas, a broker is the one who provides the platform to a trader for trading. He/she is the middleman between trader and stock exchange. Brokers get a commission for every trade they execute on behalf of a trader. While a trader can earn or lose money depending on whether the markets are high or low. 

#4. A founder and a promoter might not always be the same:

In the corporate world, a founder is a person who starts a business. On the other hand, a promoter could mean the person who started the company or even mean the person who is in control of the company even if he/she did not actually start the company.

Are we missing out on any such confusing titles? Let us know in the comments below.

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Talkative, clumsy, punny, intuitive are just a few buzzes of this queen bee. An aspiring business journalist looking to find her throne in the corporate world.

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