Have you completed three years Bachelor’s degree program and want to pursue your career in Finance? MBA in finance is the best postgraduate degree option that you must take to up to pave the path for success. MBA in banking and finance salary starts at a good package and with experience, MBA in finance salary gets increased.
An MBA in finance combines general business management course and focuses on finance specific courses to let one grab diversified career opportunities and professional advancement in the financial sectors like Banking, Insurance, Investments etc.
General Admission Requirements for an MBA in Finance
MBA Finance is a two-year postgraduate program that trains students to manage finance and accounts in any organisation. High MBA in finance salary inspires people to enrol for the course. Its admission requirements are as follows:
⮞ Bachelor’s Degree.
⮞ 50% marks in Bachelor’s Degree.
⮞ Clearance of MBA Finance Management entrance exam.
Some of the common MBA Finance entrance exams in India are given below:
1.Common Management Admission Test (CMAT): It is an another popular national-level management test for the students who want to take admission in MBA finance. The exam evaluates candidates’ abilities across logical reasoning, language comprehension, general awareness and entrepreneurship.
2.Xavier Aptitude Test (XAT): Conducted by XLRI, XAT is a national management aptitude test. It is a must requirement for all the XLRI institutes. Xavier-affiliated institutes have huge demand and the pass-outs get the opportunity to get high MBA finance jobs salary and start their career on good note.
3.ICFAI Business Studies Aptitude Test (IBSAT): BSAT Exam or ICFAI Business Studies AptitudeTest is the entrance test conducted for admission into the business management program. The syllabus consists of Analytical Reasoning, Reading Comprehension, Data Adequacy, Vocabulary and Quantitative Techniques.
4.Symbiosis National Aptitude Test (SNAP): Last, but not the least SNAP is a common management entrance test conducted by Symbiosis International University. All the Symbiosis institutes accept these scores and some other businesses too. Symbiosis pass-outs earn MBA in finance scope and salary in India.
Highest Paying Jobs in Finance
MBA in finance is considered to be the best careers of modern world. This field proves to yield higher returns. Starting salary for MBA finance degree holders is really well. That’s why this field attracts candidates from diversified domains, whether it’s technical, commercial or medical background. Let’s have a look at the highest paying jobs in finance:
1.Chief Financial Officer: Undoubtedly, it is the hardest position to attain, but still a lot of finance aspirants dream to attain this position. He/she oversees the day-to-day operational financial functions of a business and his/her decision-making is quite crucial.
Essential skills required to become a Chief Financial Officer:
Attention to detail
Ability to meet tight deadlines
Ability to work under pressure
Problem solving skills
Analytical skills to investigate discrepancies in financial records
Manages the company’s financial planning
Manages capital structure
Analyses the organisation’s investments
Makes sure that the cash flow is sustainable
Prepares forecasting reports
Average Salary: Approximately Rs. 35 to 40 Lakhs per annum**
2.Hedge Fund Manager: Another highly rewarding career opportunity in the field of finance is Hedge Fund Manager. It is the fastest-growing careers and witnessing huge upward demand. A hedge fund manager has to maximise the return on investment, while minimising the risks to investors.
Essential skills to become a Hedge Fund Manager:
Excellent communication skills
Puts the team’s interest before their own
Emotional ability to tolerate risk
In-depth knowledge of portfolio construction
Performs extensive and constant market research
Reconciles investment values periodically
Monitors the portfolio of clients and communicates about new financial products.
Combines trading and investing strategies to hedge the risk without compromising on return
Average Salary: Approximately Rs. 20 – 25 Lakhs per annum**
3.Investment Banker: Today, it is one of the most highly paid jobs. The job helps clients in raising capital and yield highest returns. They implement short term and long-term financial goals for their clients and help them achieve through different investment plans. Investment banker salary after MBA in finance is handsome.
Essential skills required to become an investment banker:
Strong communication skills
Conducts industry research on investment opportunities
Develops relationships with new and existing clients for business expansion.
Assists in preparing quarterly reports
Performs valuation methods – precedents, DCF and comparable companies.
Average Salary: Approximately Rs. 10 to 15 Lakhs per annum**
4.Portfolio Manager: A portfolio manager helps clients in decision making on investments. He/she is responsible for implementing investment strategies to achieve the client’s goals. Portfolio managers are pro at resolving financial constraints and manage portfolios by giving best investment advice.
Essential skills required to become a portfolio manager:
Good communication skills
Profound knowledge about the financial market
Creates reports on investment performance
Communicates with clients about economic trends and market conditions
Manages equity and bond portfolios
Works together with investment research teams to identify business opportunities
Average Salary: Approximately Rs. 8 to 12 Lakhs per annum**
5.Financial Analyst: A financial analyst analyses organisations’ past and future revenues and expenditures. He/she uses data-driven insight to forecast the return on investment for various stock and write financial reports.
Essential skills required to become a financial analyst:
Time management and organisational skills
Analyses financial data and create financial models
Performs financial forecasting, reporting and operating metrics
Guides the cost analysis process by enforcing policies and procedures
Helps increase productivity by developing automated forecasting tools
Average Salary: Approximately Rs. 4 to 6 Lakhs per annum**
What is the expected salary after MBA in finance in India?
MBA Finance is a 2-year management degree that lets students know about world economy, economic trends and marketplace trends. MBA in finance scope and salary is alluring for the young job seekers. Right after successful completion of the MBA Finance course, applicants can grab reputed starting level profiles like – financial analyst, personal financial advisor, bank manager, research analyst and a lot more.
How much salary MBA finance in India per month?
MBA Finance graduates have better ability and skill when it comes to thinking logically in critical solving complex problems of modern organisations. By equipping you with a diverse skill set and developing a deeper understanding of financial sector trends, a Master in Finance degree helps you pick skill-intensive and higher-paying areas of finance like investments, venture capital, equity, asset management trading and risk management.
In India, the financial sector is booming that brings stellar chances for youth to achieve big. That’s why the MBA in finance salary in India is expected to get raised in coming times. MBA graduates can apply at any bank or financial consultations. The top recruiters include ICICI Bank, Goldman Sachs, JP Morgan, Boston Consulting Group, Deutsche Bank, Barclays, KPMG, IBM, Infosys, Ernst & Young, Accenture, Infosys, SBI, Wipro, Infosys and many more. MBA in finance salary in India per month on an average is Rs. 75,000.
Entry-Level Finance Jobs Salary
An MBA Finance graduate’s starting salary ranges between Rs. 7 to 20 Lakhs per annum depending upon his/her skills and college. The individuals can opt to build their career in industries like – corporate banking, asset management, corporate finance, private equity, hedge fund management, credit risk management, derivatives structuring, treasury and corporate finance.
Accredited by the Association to Advance Collegiate Schools of Business International (AACSB) and the Association of MBAs (AMBA), TAPMI introduces MBA in banking and finance course online program for working professionals who aspire to build or nurture their existing careers in this sector. To know more, click – https://bit.ly/3y4ILnS.
How does MBA in Finance Salary for fresher in India change with experience??
In India, the entry level MBA in finance salary is Rs. 2,90,000 and it can grow upto Rs. 3,90,000 or more with experience. Further, it goes exponentially as per the additional expertise, experience and skills.
What is the highest salary figure, an MBA finance fresher in India can earn?
The highest MBA in finance salary (CTC figure) for a fresher touches Rs. 20 to 23 Lakhs per annum.
What are the top paying industries for MBA finance fresher in India?
Top paying industries for MBA Finance fresher in India are – banking, insurance, credit risk management, hedge fund management, sales & trading, accounting, mutual fund, stock markets, personal finance and investment banking.
What are the popular/top skills required to become an MBA Finance fresher?
Apart from the college, MBA in finance salary depends upon the skills like - financial reporting, financial modelling, business intelligence, analytical thinking and business acumen.
What are the top companies that pay off well MBA in finance salary for freshers?
Barclays, McKinsey &Co., KPMG and National Bank of India are the top companies that pay off well MBA in finance salary for freshers.
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