What is SAP Fi Co and tips for SAP Fi Co Job Search

SAP is the leading edge ERP system which has been dominating the market since the inceptions of ERP technology back in early 90s. "Systems, Applications and Products in Data Processing" - or commonly known as SAP was founded as an accounting software in the 70s and has grown in to a full blown ERP system on which thousands of big and small industries rely on. It was meant to streamline the business process and revolutionize the end to end management of finance, production, customer engagement, sales and service. Since there are diverse kinds of functions in any organization, SAP was offered as different modules which cater to one distinct area of function in a business.
One of the most common operations in any organization is managing finances , organizations earn money and spend money on a day to day basis and it is imperative to keep track of the humongous amount of transactions that happen every day. The module of SAP that offers to streamline this line of functions is called SAP Fi Co. Fi Co stands for Financial and Controlling. It is one of the most widely used modules of SAP , and has customers worldwide ranging from very small businesses to giant corporations.

SAP is clearly the most widely implemented financial software , which is utilized by innumerable organization in the domains of sales, procurement, banking, asset management, inventory management etc. One of the core modules of SAP is Fi Co, as any organization would require financial solution for its operations. So , if an organization has decided to implement SAP, its almost always the case that the Fi Co module is implemented on a priority basis.
Fi Co implementation is also one of the biggest money churners for IT services companies. Most of the services companies like Satyam, Infosys, TCS , Wipro etc get a lot of clients for SAP implementations. SAP implementation and maintenance is a very expensive business. But still companies are willing to invest in that expense because of the clear benefits that SAP offers.

SAP Fi Co Analysts:
A Fi Co analyst is the person responsible for providing functional and technical support to existing SAP implementations . He/she has to work with the ABAP developers and end users to analyze the business requirements and keep updating the SAP. One is required to develop a sense of business functions, domain related processes and applications of different technologies. With so many new technologies being used by different businesses, it is a challenge for the SAP fi co analyst to keep abreast with the technology flow and design solutions for the same. Moreover, strong expertise in requirements gathering and testing is required.It is imperative to have very strong communication and management skills since a professional in this line needs to communicate with the developers and stakeholders on a day to day basis.
SAP Fi Co Consultants
A Fi Co consultant is hired to implement SAP on the client business. Implementation of SAP demands thorough understand of the business operations, the integration points, the various technologies already in place and the domain expertise. Sometimes it is required to design an implementation from ground up, in which case the Fi Co consultant has to write ABAP code , or he can work with developers.You as a consultant , may have to develop systems requirements, develop prototypes and carry on testing as well as training.
For both these job categories, you should hava solid understanding of SAP FiCo module, and the implementation methods. You should consider joining a good training institute for SAP FI Co training in order to get the basics first and put it on your resume.

The job market for SAP Fi Co professionals is incredibly lush and lucrative. There are plenty of job openings in this domain and IT services companies are in constant look out for candidates with SAP Fi Co in their resume. The pay packages are generally higher than most of the other services domains and the perks of on site or overseas placement is pretty easy to come by in this profession.
Below is the latest trend for SAP jobs from Indeed.com . The graph indicates that there is a voluminous job market for SAP which is growing.

As a fresher who is seeking job, SAP Fi Co is a great skill to mention in your resume. However, learning SAP Fi Co is neither easy on effort or your pocket. They typical SAP training courses span for around 6 months and cost upwards of 30000. SAP Fi Co is not a well documented technology, so learning SAP Fi Co on ones own is very difficult. You can find a list of good institutes in Hyderabad who provide SAP fico training here.