Top 10 Career Options After MBA in Finance

The current scenario of globalisation has given rise to the financial ecosystem that is crucial for every firm to establish itself. To effectively manage work related to finance, most businesses or firms require professionals who are experts in finance and know their way around it. Not only this, but the finance industry has also grown exponentially over the years, leading to a demand for finance professionals. An MBA in finance can be a great choice if you are planning to work in the finance industry. You can find various career options after MBA in Finance. Apart from this, online courses and certifications in finance and accounting are an added advantage. Finance and Accounting are crucial aspects of any organisation to grow and stay ahead in the competition.

Finance involves administering, controlling, and reviewing the investment and money resources in any business or corporation. If you are the one looking for a lucrative career option in finance, this article is for you. We have listed the best career options after MBA Finance. This article will also help you determine after completing MBA in finance what to do. So, let us get started.

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What is an MBA in Finance?

Master of Business Administration in Finance is a two-year postgraduate degree programme. One can opt for this MBA specialisation after completing a bachelor's degree. There are several management colleges in India that provide MBA in Finance. This MBA specialisation is quite popular among MBA students as it helps them hone their financial skills, understand various business concepts, and gain knowledge about the country's economy. There are also several job options after MBA Finance across various sectors.

Some of the reasons to pursue an MBA in Finance are given below:

Finance is almost everywhere - No matter which sector you are in, every corporation requires a flow of cash to perform regular activities like payment of salaries, distributing dividends, reinvesting, and many other things. By pursuing online degree courses and choosing an MBA specialization, one has the liberty to work with any organization's finance department.

Finance is considered one of the highest-paid sectors in the country - An MBA degree offers you a handsome salary. A good finance manager can earn an average salary of Rs 992,118 per year. The salary also depends upon the work experience, qualifications, recruiters, and geographic location of the company or the organization. An experienced and skilled candidate can easily earn attractive packages.

Best Colleges for MBA in Finance

Major Subjects of MBA In Finance

The list of the subjects taught in MBA in Financial Markets varies from institution to institution. Some fundamental subjects that are offered by most of the institutions:

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Over the years, there has been a great upheaval in the financial sector, which has resulted in grave financial losses for countries as well as companies. All countries seek skilled financial experts who can deal with financial crises in the future. This rising demand has led to an MBA in finance as one of the most sought-after programmes across the globe.

Also read: Finance vs. Marketing - Which is the Best Specialization in MBA

Top 10 Career Options After Completing MBA Finance Course

Candidates can pursue various online courses & certifications from top providers to make a career in the finance field. Here, we have compiled a list of top career options after MBA Finance.

1. Investment Banker

This is one of the top career options after MBA in Finance. Jobs in investment banking have high demand, and candidates with an MBA in investment banking are preferred. An investment banker is a professional who works for any financial institution, and he has a primary role in raising capital for corporations, governments, and other entities. The responsibilities of an investment banker may also include connecting investors to different fund-needing organisations. The field of investment banking is quite popular as it has high salary prospects. Investment bankers have excellent number-crunching abilities, along with possessing strong verbal and written communication skills.

Also read: How to start a career in Investment Banking

2. Private Equity

This is another one of the best MBA in finance career opportunities. In this domain, there are vast job opportunities for finance professionals. There are many top companies that recruit MBA in finance graduates for job different roles in the field of private equity. Some of the companies are Fullerton, Fidelity Investments, Axis Securities, JP Morgan Chase, Kotak Wealth Management, Bajaj Finserv, ICICI Prudential Asset Management, and Indiabulls Housing Finance, among others.

Also Read: MBA in Finance Career Options: Salary, Placements, Job Opportunities, Scope

3. Financial Analyst

This is amongst the top career options after MBA Finance. Finance Analysts are the heart of almost every corporation in the finance department. Financial Analysts are skilled analysts dealing with financial matters. The primary responsibilities of a financial analyst include Collecting operational data, Establishment of standard costs for different products and services, Providing cost analysis with a detailed suggestion of policies analyzing trends, monitoring financial status, informing managers of variations, and Developing automated accounting practices. The average salary of a Financial Analyst in India is Rs 483,945 p.a.

4. Financial Manager

This is another one of the excellent job options after MBA finance. Financial Managers are individuals who manage a team comprising financial analysts. Their roles and responsibilities include educating team members on best practices and establishing of overall focus within the finance team to relate financial actions to business goals. They also oversee the flow of cash as well as the financial instrument of the organization, Prepare regulatorily and legally mandated reports, Liaise between the upper management and financial team members, and more.

5. Chief Financial Officer

This is the highest position in the financial department. Chief Financial Officer is one of the top job options after MBA in finance. As a CFO, you will directly communicate with C-level executives and the CEO and board of directors. CFOs make the final decisions on financial policies and their implementation. Their roles and responsibilities include coordinating the development and delivery of financial projections, working towards securing funds at critical growth points, and establishing strategic direction and guidelines for the corporations based on their finances. They also take care of the establishment of indicators and some tracking methods for production, quality, productivity, and customer services from a finance perspective, and help in maximizing returns on investment funds. The average salary of a Chief Financial Officer in India is Rs 3,572,867 p.a.

6. Account Manager

People with good experience in finance are preferred for this role. This is amongst the excellent career options after MBA in finance. Account Managers need to be well-versed in a broader organizational perspective to help the organization inform accounting decisions. They help in bridging high-level organizational goals with directives in an accounting department. Their roles and responsibilities include monitoring the daily activities of the accounting department, helping the candidates prepare proper routing and large financial documents and statements, and connecting the overall goals of the organization to the departmental tasks within accounting. They also ensure confidentiality and maintenance of protocol in terms of sensitive financial pieces of information and maintaining educational protocols for the members of the department. The average salary of an Account Manager is Rs 595,909 p.a.

Also Read: Top 10 Companies Hiring MBA in Finance Graduates

7. Corporate Controller

This is amongst the sought-after MBA in finance career opportunities in India. This is not a straight-up finance-centered role. Corporate Controllers perform hybrid roles like overseeing the financial and accounting functions of any corporation. They also perform tasks like invoicing, accounts payable, budgeting, and payroll processing. Their other roles and responsibilities include developing, managing, and executing the accounting functions of any organization, crafting and conforming to the financial reporting protocols and preparing reports for the SEC (Security and Exchange Commission). A Corporate Controller can earn an average salary of Rs 1,350,000 per year.

8. Management Consultant

This is one of the best career options after MBA Finance for students in India. Management Consultants either work for third-party consulting firms or form their own businesses. They offer services like providing data-driven guidance on how someone can run an organization efficiently. They play crucial consulting roles in firms that are planning to restructure or rebuild themselves. Their main roles and responsibilities are conducting research and data gathering for the organization of their client, running workshops and formulating focus groups to implement changes, and testing hypotheses to know what is right and what is not suitable for the client. Management Consultants also lead the team of analysts that help in analyzing the findings and liaise with relevant stakeholders. The average salary of a Management Consultant is Rs 1,270,157 per year.

Also Read: MBA Job Opportunities, Salaries, Top Recruiters, Scope

9. Credit Manager

This is amongst the top career options after MBA finance. Credit Managers are professionals who look after credit management and make decisions regarding credit limits within an organization. The responsibilities of a credit manager include Granting credits, Setting the terms on which the credit is given Recovering the credit when it is due, Building credit score models and determining the rate of interest, and assisting organizations in minimizing bad debts and increasing the revenues from the loans. The average salary of a Credit Manager in India is Rs 616,527 p.a.

10. Hedge Fund Manager

This is one of the best job options after MBA finance in India. Hedge Fund Managers are generally finance experts. They focus on managing the collective investments on behalf of the investors. The candidates seeking this job after MBA must have skills in financial analysis and management. The responsibilities of Hedge Fund Managers include researching different trends in the market, analyzing other investment options and selecting the best areas of investment for the client, developing investment portfolios, and buying and selling assets to maximize financial gains. Hedge Fund Managers are recruited from investment banks, investment consultancies, insurance companies, and asset management companies. The average salary of a Hedge Fund Manager in India is Rs 2,800,000 per annum.

Also read: Funding your MBA: Know all about MBA Education Loan options

Conclusion

The demand for MBA in financial markets has risen in recent years. The reasons include the growing career opportunities in this field. If you are good at Maths and statistics and are interested in the field of finance, then a degree of MBA in finance or online diploma courses in this field can be an excellent choice for you. You can choose from an array of career options after MBA in finance. You would be able to find a lot of support materials for MBA finance courses to work towards improving your knowledge. You can also choose the best finance courses by making an online course comparison.

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