Job opportunities after MBA in Finance

In the world of business, Finance is a very important subject. It encompasses activities like – investment banking, savings, risk management, budgeting, financial markets etc. The main objective of financial management is to maximize shareholder wealth and minimize the cost of capital. Undoubtedly, financial planning is a key to combat the uncertainties of businesses which can be a hindrance to the growth of the company. Therefore, today, there is a huge scope after MBA in finance.

MBA – Finance is the management and study of money and investments. Students learn about analysing company reports, forecasting economic trends, choosing investment portfolios, balancing risk and maximise stock value. MBA graduates have immense career opportunities in the private and government sector. Finance graduates can also opt for running their own businesses independently.

What doors will be opened after an MBA in Finance?

Finance is an area with a multi-disciplinary orientation, whether it’s a small company, medium-sized company or Fortune 100 company, finance remains the backbone of a business entity. MBA finance inculcates the necessary skills in financial professionals that help open doors for multiple career opportunities in various domains of financial management. They can be employed in areas like – banks, financial institutions, stock exchanges etc. depending upon their knowledge and skills.

Career options after MBA in Finance in Private Sector:

MBA in finance scope is huge in the private sector. Candidates can be employed for investment banking companies, private banks, insurance companies and other organisations where finance is a functional domain.

Candidates can be hired for designations like:

•  Management Trainee
•  Accounts Officer
•  Assistant Manager
•  Investment Banker
•  Financial Manager

Top Recruiters include:

•  Goldman Sachs
•  Morgan Stanley
•  JP Morgan
•  ICICI Bank
•  Max Life Insurance

The average salary in the private sector varies from Rs. 4 Lakhs – 35 Lakhs Per Annum.

Career after MBA in Finance in Government Sector:

After completing MBA in Finance, candidates have the chance to mark their place in Government sector. MBA in finance scope in the Government sector includes the study of the composition of public revenue and public expenditure. It also covers the details about fiscal operations on the level of employment, prices and growth and overall economic system.

Candidates can be hired for designations like:

•  Junior and Senior Executives
•  eneral Managers
•  Financial Officer
•  Management Accountant

Top recruiters include:

•  Reserve Bank of India
•  State Bank of India
•  Coal India
•  National Mineral Development Corporation
•  Life Insurance Corporation of India
•  National Payments Corporation of India

The average salary in the Government sector varies from Rs. 5 Lakhs to 20 Lakhs Per Annum.

Who studies an MBA in Finance?

MBA in Finance imparts knowledge of management, control and review of the investment and resources of money. This course opens up various career opportunities in the business world, allowing the finance aspirant to analyse company reports, forecast business trends and maximise stock values and profitability.

A person with the following points can pursue MBA in Finance:

*Interested to take up a career in finance stream

* Has a background, graduate degree in Accountancy, Mathematics, Commerce and Statistics although it is not a must.

*Aspire to work in banks, accounting firms and investment management.

*Interested to take up certification in Chartered Financial Analyst (CFA).

* Needs a powerful background in Economics, Accounting and Mathematics.

* Good at analytical skills, accounting skills and cash flow management.

* Want to grab positions like – Accounting manager, Manager Consultant, Credit Management, Hedge Fund  Manager and more.

Note: Do check the institute’s website from where you want to pursue an MBA to get clarity about the eligibility criteria.

Career Benefits of doing MBA in Finance:

Finance specialisation brings innumerable career opportunities as given below:

• MBA in finance scope includes top-notch internship opportunities. Reputed companies like – ENY, and Deloitte give opportunities in terms of higher salaries and better positions right after graduation.
• Jobs after MBA in Finance is also offered on a part-time basis. Finance aspirants can take up the job of a financial consultant and earn on a client basis.
• There are a lot of fields to explore when it comes to jobs after an MBA in Finance – stock market analysis, global economy, leadership and economics.
• MBA in finance scope lets you expose to the core theory and hands-on learning approach to know about the outside world. This ultimately helps improvise your skills and then you can grab the best jobs after MBA in finance.
• You get the opportunity to grab a wider range of job opportunities and get connected with a diverse group of professionals. This enhances your interpersonal skills and you build the right network in the world of finance.
• Students pursuing in finance gain experience with the world’s most successful companies like – Bajaj Finance Ltd., Citi, HSBC, Bank of America, Aditya Birla Finance Ltd. and more

Scope of MBA in Finance

Job opportunities after MBA in Finance are countless.  The subject focuses on operational competencies and helps one gain knowledge related to global economics, mergers and acquisitions. MBA in finance degree gives you the privilege to apply for senior-level managerial jobs. And the best thing is that the candidate gets a decent amount which further gets increased as per the experience and expertise of the individuals.

Top 5 Job Opportunities for MBA in Finance in India

Moment, you enroll yourself for a Top MBA college in finance, you want to know about the career opportunities in Corporate Finance. Here we uncover the highest paying jobs in India. Have a look:

1. Investment Banker: Investment bankers help clients raise capital by underwriting and managing stock and bond offerings, managing initial public offerings (IPOs), and advising on mergers and acquisitions (M&A).  In this job profile, you keep track of the money invested by your client in different businesses and optimize the return.
   
   

            Average Salary: Approximately Rs. 12 to 28 Lakhs per annum**

2. Financial Analyst: Financial analysts help businesses and individuals make informed investment decisions by analysing financial data and creating reports. With an MBA graduate in finance, you can specialise in financial analysis and become an expert in evaluating financial statements, assessing risk, and making investment recommendations.

            Average Salary: Approximately Rs. 14 to 16 Lakhs per annum**

3. Corporate Financial Manager: Corporate financial manager is again the best job opportunity after MBA in finance. He/she oversees a company’s financial operations, including budgeting, forecasting, financial reporting, and risk management. An MBA in finance can provide you with the skills to effectively manage a company’s financial resources and make strategic financial decisions. The corporate financial manager also plays a strategic role in merger and acquisition initiatives and financial modelling.

            Average Salary: Approximately Rs. 8 to 10 Lakhs per annum**

4. Portfolio Manager: Portfolio managers manage investment portfolios for individuals and institutional clients, including pension funds and mutual funds. They analyse market trends and use their knowledge of finance to make investment decisions that maximize returns while minimising risk. They excel in asset allocation, and wealth management and optimise market returns. Such professionals work individually or in insurance companies, mutual fund companies, investment banks and private equity firms.

           Average Salary: Approximately Rs. 6 to 12 Lakhs per annum**

5. Financial Consultant: Financial consultant is another interesting job opportunity after MBA in finance. It provides financial advice to individuals and businesses. They help clients develop financial plans, manage investments, and plan for retirement. With an MBA in Finance, you can specialise in financial consulting and provide valuable advice to clients looking to make informed financial decisions.

           Average Salary: Approximately Rs. 5 to 8 Lakhs per annum**

Note: Average salary packages mentioned above are the estimated ones. They may vary as per the experience and skill sets of an aspirant. One should be ready to grab the best opportunity at the best time.

Tips for getting an MBA finance job

Financial planning and management consist of planning, organising, controlling and monitoring financial resources. Being a dynamic field, MBA in finance scope is huge. Have a look:

1.  Inclination towards innovation:

A finance job may look straightforward as it has a well-defined job description. But, innovation is the key to setting you apart from others. You must always come up with a new angle to analyse reports so that you can make your contribution valuable.

2. Constant learning attitude:

There are huge job opportunities after MBA in Finance, but the one who keeps learning and grooming oneself beyond textbooks and lectures, actually grow in their respective field. Reading the latest journals, and listening to influential speakers help you understand the pulse of the subject.

3. Make use of networking opportunities:

In today’s time, networking is the key to expand your networks and harness business opportunities. Attending webinars, talks and live sessions with industry professionals can help students understand each and every aspect of MBA in finance and help them learn more about the field. Students pursuing an MBA in finance will always benefit after being in touch with financial analysts, top-notch investment bankers and financial advisers. These achievers would act as a guiding light for the finance aspirant.

4. Know about the current opportunities in the market:

There are numerous well-established career paths related to financial management. All you have to do is to keep an eye on the in-demand financial job positions. For example, these days, top jobs after MBA in Finance are – Accounting Officer, Financial Manager, Financial Analyst, Management Consultant etc. Keeping abreast with current job opportunities will help take your career to new heights.

Conclusion:

MBA in Finance scope is endless. However, it takes passion and determination to excel in the competitive field. By grabbing the right opportunity at the right time, you can be an achiever. But, make sure that you take every decision after thorough research.

Here at TAPMICEL, the online Master of Business Administration in Banking & Financial Services [MBA (BKFS)] on-campus program has been the number one choice of several career-focused individuals, and the legacy of this robust program is now accessible online.