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

Edited By Team Careers360 | Updated on Dec 30, 2022 09:42 PM IST

There are plenty of career in finance in India for those who are interested in entering the field of financial services. Treading on rewarding career in finance in India is quite an easy task for graduates since there is no shortage of career scope of MBA in Finance. To get good jobs after MBA Finance, students are expected to develop certain skills. These include managerial skills, communication skills and financial skills. Apart from that, an MBA graduate should be able to handle pressure, manage time and make critical decisions.

Quantitative, analytical and numerical skills are a must-have too. Here we have discussed the job opportunities for MBA in Finance available for students. MBA in Finance course aims to provide students with a thorough knowledge of the business world. This course is a conjunction of the managerial and finance worlds that open up numerous opportunities. MBA in Finance graduates can work in banking, finance, accounting and management sectors with ease.

Career options after MBA in Finance

MBA in Finance graduates is hired by most enterprises to manage their finances efficiently. Such demand in each sector brings out great career in finance in India for freshers like never before. They can work right from the finance sector to the research sector. The list below states some of the most popular MBA finance job opportunities for graduates: –

Job Title	Job Profile
Financial Advisor	A financial advisor is hired to provide advice about the finances of individuals as well as organisations. They help clients to meet their financial goals.
Budget Analyst	The job of a Budget Analyst is to review the older budget and draw analytics and insights for designing budget strategies that will increase the profit.
Financial Planner	A Financial Planner works more on the individual level. They create personal budgets for individuals so that they can meet their needs.
Cash Manager	The role of a Cash Manager in any organisation is to oversee the flow of cash in and out of the organisation.
Investment Banker	An Investment Banker is responsible for assisting clients through their investment process.
Corporate Controller	A Corporate Controller is hired by organisations to produce their financial reports and keep accounting records.
Credit Manager	The role of a Credit Manager is to supervise the process of credit granting in their organisation.
Account Manager	An Account Manager is responsible for overseeing the day-to-day accounting activities of the organisation.
Chief Financial Officer	Chief Financial Officer (CFO) acts as a strategist for the CEO. A CFO has the responsibility of overseeing the entire organisation.
Stock Broker	A Stock Broker buys and sells stocks in the market on behalf of their clients. They act as a middleman between the stock market and the buyer.

Popular Management Colleges in India

Great Lakes Chennai	LPU Jalandhar
SRM University Chennai	GD Goenka University, Gurgaon
Chandigarh University, Chandigarh	Great Lakes Gurgaon
Manipal University (MAHE)	IPE Hyderabad
IFIM BUSINESS SCHOOL	Jaipuria Noida

MBA in Finance Salary

MBA in Finance is one of the popular courses for a reason. The graduates found numerous well-paid career options after MBA in finance in many sectors. There are plenty of MBA in Finance career options in India for students who want to have a bright career in the finance sector. On average, the MBA in finance salary range for graduates is between Rs. three lakhs to Rs. 20 lakhs per annum.

Career options	Expected annual salary
Financial Advisor	Rs 409,199
Budget Analyst	Rs 850,000
Financial Planner	Rs 335,526
Cash Manager	Rs 910,150
Investment Banking Associate	Rs 1,032,832
Corporate Controller	Rs 1,375,000
Credit Manager	Rs 605,646
Accounting Manager	Rs 676,968
Chief Financial Officer	Rs 3,448,738
Stock Broker	Rs 399,979

**Source: PayScale and Glassdoor

Browse Top MBA Colleges Accepting CAT Score: Location-Wise

MBA College in Delhi Accepting CAT Score	MBA College in Delhi NCR Accepting CAT Score
MBA College in Bangalore Accepting CAT Score	MBA College in Mumbai Accepting CAT Score
MBA College in Pune Accepting CAT Score	MBA College in Hyderabad Accepting CAT Score
MBA College in Chennai Accepting CAT Score	MBA College in Ahmedabad Accepting CAT Score
MBA College in Kolkata Accepting CAT Score	MBA College in India Accepting CAT Score

MBA in Finance Top Recruiters

The scope of MBA in Finance is ample. There are many recruiters in the public as well as private sector that offer a variety of job opportunities for MBA in Finance. There are a lot of career options after MBA in Finance in India for MBA graduates. The following two tables give an idea of who the top recruiters are in the public and private sectors.

Public sector top recruiters for MBA in Marketing graduates

National Fertilizers Limited	Uttarakhand Jal Vidyut Nigam Limited
Karnataka Antibiotics and Pharmaceuticals Limited	NABARD
Regional Rural Banks	Indian Institute of Management
Rajkot Nagarik Sahakari Bank	Odisha Mining Corporation
Steel Authority of India	Oil and Natural Gas Corporation Ltd

Private sector top recruiters for MBA in Marketing Graduates

Morgan Stanley	Deloitte
KPMG	McKinsey
Boston Consulting Group	Barclays
Goldman Sachs	Lehman Brothers
E & Y	Deutsche Bank

MBA in Finance Placement

Each MBA in Finance college has a placement cell that brings in opportunities for all the last year students. Students having an impressive track record can participate in campus placements to bag great career options after MBA in Finance. The table below shows the average annual placement packages offered in top colleges.

Top institutes for MBA in Marketing	Average placement package
UPES Dehradun	Rs 5.25 lakhs
Jaipuria Noida	Rs 7.20 lakhs
SRM University Chennai	Rs 6.10 lakhs
Institute of Public Enterprise	Rs 5.86 lakhs
Chandigarh University	Rs 6.80 lakhs
BML Munjal University	Rs 8.00 lakhs
Manipal University	Rs 3.00 lakhs
GD Goenka University	Rs 2.56 lakhs
SPJIMR Mumbai	Rs 25.00 lakhs
Lovely Professional University	Rs 3.81 lakhs

MBA Colleges By Location

MBA Colleges in Bangalore	MBA Colleges in New Delhi
MBA Colleges in Hyderabad	MBA Colleges in Bhopal
MBA Colleges in Pune	MBA Colleges in Kolkata
MBA Colleges in Mumbai	MBA Colleges in Indore
MBA Colleges in Chennai	MBA Colleges in Jaipur

Scope of MBA in Finance

After completion of an MBA in Finance, some students move on to get a job in the industry while some decide to continue studying. After MBA in Finance, students can pursue the following opportunities: -

M. Phil in Finance

Several scholars believe that M. Phil has the same recognition as an MBA. But the course structures are completely different, and students opt to do M. Phil to get more knowledgeable about their field.

PhD in Finance is a research-based doctorate degree. Students can get admitted to a PhD programme after completion of their MBA in Finance. Students doing a PhD get more demand in the market which is why it is a smart career choice.

Frequently Asked Questions (FAQs)

1. What are the entrance exams to appear to get admission to an MBA in Finance course?

You can appear for any acceptable entrance examination to get admission to an MBA in Finance course at leading colleges in India.

2. Is MBA in finance a good career option?

An MBA in Finance graduate can explore numerous career options after MBA in finance. They can find employment in both the private and public sectors or pursue an independent business after this degree. They can launch careers as accounting managers, financial analysts, investment bankers, credit managers and consultants, among others.

3. What are the benefits of studying MBA in Finance?

MBA in Finance is a high-demand career choice. Definitive jobs are available for graduates in high-income organizations.

4. Which colleges are the best for pursuing MBA in finance?

IIMs are amongst the most prominent management schools in India which offer excellent career prospects for students after completion of the course.

5. What is the salary of MBA in finance?

Depending on their experience and skills, MBA in Finance graduates can expect their starting salary to be in the range of Rs 2.40 lakhs to Rs 25 lakhs.