MBA in Finance Career Options: Salary, Placements, Job Opportunities, Scope
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.
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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 |
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. | |
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. | |
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. |
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. |
The role of a Credit Manager is to supervise the process of credit granting in their organisation. | |
An Account Manager is responsible for overseeing the day-to-day accounting activities of the organisation. | |
Chief Financial Officer (CFO) acts as a strategist for the CEO. A CFO has the responsibility of overseeing the entire organisation. | |
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
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
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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 records 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 |
Rs 5.25 lakhs | |
Rs 7.20 lakhs | |
Rs 6.10 lakhs | |
Rs 5.86 lakhs | |
Rs 6.80 lakhs | |
Rs 8.00 lakhs | |
Rs 3.00 lakhs | |
Rs 2.56 lakhs | |
Rs 25.00 lakhs | |
Rs 3.81 lakhs |
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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.
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Frequently Asked Questions (FAQs)
You can appear for any acceptable entrance examination to get admission to an MBA in Finance course at leading colleges in India.
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.
MBA in Finance is a high-demand career choice. Definitive jobs are available for graduates in high-income organizations.
IIMs are amongst the most prominent management schools in India which offer excellent career prospects for students after completion of the course.
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.
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