MBA in Finance Salary
An MBA in finance is one of the most high-paying MBA specializations. It offers senior-level jobs in the finance industry. As per PayScale, the average salary for a Finance manager in India is INR 12,00,000 LPA. The salary is highest in Bangalore goes up to INR 14,00,000, followed by Delhi INR 12,50,000. The salaries vary on the basis of location, experience, and companies.
Various jobs for MBA in Finance roles are like Finance Manager, Project Manager, Research Analyst, Business Analyst, etc. The average starting salary for MBA finance jobs ranges between INR 15,00,000 and INR 20,00,000 LPA. Top MBA colleges in India like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta offer placements and an average CTC of INR 20,00,000–25,00,000 per annum.
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List of MBA Finance Jobs
MBA in finance is a popular specialization for students, which opens up doors to several job profiles with lucrative salary packages. Given below is the list of the top jobs for a Finance MBA:
- Finance Manager
- Financial Analyst
- Account Manager
- Bank Manager
- Relationship Manager
- Chief Financial Officer
- Business Analyst
- Research Analyst
- Equity Research Analyst
MBA Finance Salary
Graduates who pursue an MBA in finance can expect to earn salaries averaging between INR 4 lakh and INR 10 lakhs annually. Following is a list of some of the best MBA finance jobs available after earning the MBA degree, along with the average salary for each position:
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Popular MBA Finance Jobs
Given below is the list of the popular jobs for finance MBA with an explanation of each type of job role:
MBA Finance Job | Job Description |
Operations Manager | The role of an operation manager is to ensure smooth functioning and working or the operations department of the organization they are working for. |
Relationship Manager | The role of a relationship manager is to manage and handle the overall relationship of the organization in accounting in regard to business and finance. |
Business Analyst | Business analysts are responsible to offer solutions and suggestions as per the data to facilitate the financial gain of the organization. |
Accounting Manager | The role of an accounting manager is to head the accounting corporate department of the firm. They oversee and ensure the smooth functioning of the company accounts and finances. |
Financial Analyst | Financial analysts are responsible to improve the financial status of the organization through multiple means and methods to increase the profitability of the business. |
Bank Manager | Bank managers are usually responsible to oversee and supervise the bank departments. |
Chief Financial Officer (CFO) | Being the most important position in a company, CFO is responsible to manage the company and finance of the organization. He is also responsible for financial reporting. |
Finance Manager | Finance managers review financial reports, monitor accounts, prepare activity reports, and predict financial forecasts. |
Management Consultant | Management consultants are responsible to provide insights and help to manage the growth of the business. |
Corporate Controller | A Corporate controller is an important company position, responsible for the accounting operations of the company. |
MBA Finance Jobs for Freshers
There is an immense demand for jobs in MBA finance throughout the nation. Given below is the list of the major finance jobs for MBA freshers along with the salary offered:
MBA in Finance and Banking
There are a multitude of career opportunities in the finance and banking domain in both India as well as abroad. Banking and finance professionals can find jobs in various sectors like market research, the private sector, government sectors, public accounting firms, corporations, and consultancies.
Here is a list of the top MBA finance and banking jobs across various sectors:
- Accounts Manager
- Marketing Manager
- Executive Assistant
- Marketing Analyst
- Business Analyst
- Finance Manager
- Cashier
- Equity Research Analyst
- Investment Banker
- Corporate Analyst
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MBA Finance Jobs: Government Sector
Many MBA graduates prefer to work in the government sector due to a variety of perks including respect, security, financial stability, and other benefits. Students can apply for MBA finance job roles at reputable corporations such as NALCO, ONGC, PESB, etc.
Given below is the list of MBA finance jobs in the government sector:
In addition to the positions mentioned above, students may pass some of the exams required by prestigious firms to work for them in a range of managerial positions and posts.
They could be referred to as written exams that assess candidates' aptitude and deductive reasoning. However, the most crucial requirement is that they be able to wow the panel during the GD and Personal Interview rounds.
In order to apply for these career openings, students can discover numerous job postings on the official websites of various government or public sector organizations or in the newspapers.
MBA Finance Jobs: Private Sector
Most private organizations hire MBA graduates for a range of jobs within the organization due to their skills, abilities, and experience.
Here is a list of the top private companies that hire both fresh graduates as well as seasoned experts for MBA finance jobs:
MBA Finance Jobs Abroad
Students with BBA or related disciplines can also choose to study abroad. It is required to have a work experience of 3-5 years for the same. However, there are management schools like Anglia Ruskin University, Coventry University, University of West London, and others, that consider students without job experience for MBA admission abroad.
When compared to an MBA Finance course in India, the cost of an MBA abroad in the discipline of finance is significantly greater. MBA Finance Jobs overseas tuition at some universities can reach INR 80 lakh and even a few crores. The cost of doing MBA finance courses at prestigious overseas universities is high, but there are several MBA scholarships available to help.
For admission to top MBA finance universities' abroad programs, applicants must ace the GMAT as well as language competence exams like the TOEFL and IELTS.
Career after MBA Finance
Among other options, there are a wide variety of career options for MBA graduates. Some of the top career opportunities for MBA graduates are listed below:
1. Corporate Finance
Corporate finance refers to the processes and dealings involved in raising money to start, grow, or buy a company. It is directly connected to business decisions that affect finances or money.
2. Wealth and Portfolio Management
Wealth management examines every aspect of personal finance on an individual basis, whereas portfolio management focuses more on making decisions regarding the process of developing and analyzing the assets in the investor's portfolio.
3. Investment Banking
Investment banks generally support significant and complex financial transactions. If the investment banker's client is considering an acquisition, merger, or sale, they might offer guidance on how much a firm is worth and the best way to organize a deal. In essence, they help with the selling of securities, mergers and acquisitions, reorganizations, and broker trades for both institutions and individual investors, in addition to underwriting new debt and equity securities for all kinds of firms.
4. Finance Research Analyst
To assist businesses in making decisions about their operations, financial analysts research, gather, and analyze financial data. The phrase "financial analysis" is used to describe a variety of tasks that financial analysts may carry out.
5. Financial Consulting
Certified Financial Consultants offer financial advice to big businesses, governmental organizations, and private clients. The job of a financial consultant is to offer an unbiased assessment of a suggested business strategy or choice.
6. Risk Management
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
7. Project Finance
Project finance is the use of a non-recourse or limited recourse financial structure to support (finance) long-term infrastructure, industrial projects, and public services. The cash flow of the project is utilized to repay the debt and equity that were used to finance it.
Competitive Exams After MBA Finance
There are a few government exams that stand out as being particularly well-liked among MBA graduates.
Some of the most popular government tests are listed below:
Finance MBA Jobs: Top Recruiters
Here is a list of the top recruiting companies that offer finance jobs for MBA graduates:
- HSBC
- Barclays
- JP Morgan
- Morgan Stanley
- Goldman Sachs
- Merrill Lynch
- Capgemini Consulting
- Ernst & Young
- Nomura
- Deutsche Bank
Skills Required to Get MBA Finance Jobs
To boost your chances of finding a high-paying career in the finance field, the following section discusses some of the most valuable and significant finance skills.
- Analytical Thinking: Financial specialists need to come up with quick and witty solutions for the benefit of the organization. Analytical thinking aids in understanding and exploring the scenario or issue to create useful solutions.
- Accounting Knowledge: Accounting knowledge is essential for managing data, doing financial analysis, financial reporting, and financial modeling.
- Business intelligence: Financial experts assist business stakeholders in making wise judgments. Future inventory, sales, and related data can be predicted with the aid of business analytics software like Tableau and ERP systems like SAP or Oracle.
- Strong Communication: Effective communication is crucial in the finance industry. Strong communication skills are needed to convey technical information to a non-technical audience.