Quick Summary
MBA, or Master of Business Administration, has been one of the most sought-after courses among undergraduate students. More precisely, an MBA in finance is the most common option opted for by students for postgraduation because there are many jobs after MBA Finance. Of all the postgraduate students worldwide, 24% possess a master’s degree in management.
The reason is MBA in finance teaches several critical aspects of the fiscal domain, which develops students for the corporate world. Thus, the jobs after MBA Finance are more compared to other domains.
This article will take you to the various MBA finance jobs opportunities and salaries available to an individual and the career scope. Let us begin by understanding what an MBA is.
Let us now understand one of the popular MBA specializations: Finance. An MBA in Finance is considered the oldest course in the management program. Generally, we relate the term finance to banking, but finance is not limited to banking. Finance is about handling, monitoring, evaluating, and saving funds, as well as keeping a watch on its assets.
Moreover, Finance is a part of the capital and is required in industrial development, planning, and operation. The objective of an MBA finance is to educate students about financial models and financial analysis to ensure the proper functioning of an organization in the finance sector.
Financial management is the core of a business venture, and the need to maintain and ensure the collection and distribution of resources in a company raises the demand for MBA finance graduates. An MBA finance graduate has a variety of career options after MBA finance. Loads of opportunities and Jobs after MBA finance are available in sectors like merchant banking, investment, commercial banking, international finance, financial consultancies, corporate, and public finance.
Numerous courses after MBA Finance are available, where graduates can uplift their knowledge and skills. MBA Finance graduates with an accounting background can pursue degrees like CPA (Certified Public Accountant) or CMA (Certified Management Accountant). These certifications are internationally recognized and help to provide good career growth if you want to work abroad in American and British companies.
Students with an MBA finance can work in both banking as well as non-banking. They can work in the corporate world and are needed by every industry for financial management. MBA finance jobs are also available in government as well as private financial sectors.
Following are the top 10 jobs after MBA finance:
It is one of the careers considered one of the right-paying jobs after MBA finance. The job mainly revolves around spending the capital in such a way that it yields the highest returns. Investment bankers combine financial services to help clients in capital raising and mergers and acquisitions. This job profile is highly paid in the industry and is also a fast-paced one.
Corporate banking is one of the best jobs after MBA Finance as it involves getting to various areas of the bank, which aims to manage the bank’s products in markets, treasury, commerce, transactions, and debt capital markets and assist in the execution of trades. Corporate bankers are responsible for discussing the financial requirements of their clients through meetings and audits.
Another exciting job opportunity in the list of jobs after MBA finance is a financial advisor. Financial advisors are responsible for guiding their clients regarding several financial matters. They provide their advice on investments, estate planning, bank accounts, tax & duties, mortgages, and retirement.
The finest jobs after MBA finance includes a job of financial analyst, which, involves analyzing the financial statements of a company and tracking its performance against an established plan. Financial analysts are responsible for predicting the future performance of a company through modelling capital structure, budgeting, and forecasting future revenues and expenditures.
A management consultant is one of the most sophisticated jobs after MBA finance. These officials assist companies with organizational management. Management consultants help organizations in solving various managerial issues, value creation, improvisation of business performance, and growth maximization.
Portfolio managers help their clients make decisions on investments. They are responsible for devising and implementing investment strategies and processes for achieving the client’s goals. Portfolio managers help in resolving financial constraints and managing portfolios by providing investment advice.
One of the great options on the list of jobs after MBA finance is merchant banking. Merchant bankers are responsible for assisting their clients relating to the subscription of securities. Their job generally involves the placement of securities, managing public issues, stock broking, etc.
Private equity analysts are the working officials of the private sector undertaking. The analysts primarily help private equity firms in evaluating the financial and equity data. They conduct research, perform ration analysis, and provide interpretations on private companies. Private equity analyst is one of the finest jobs after MBA finance.
Among the very prominent jobs after MBA finance is Project Management. A project manager’s work involves planning and developing project ideas for an organization. The entire process of a project is under the responsibility of a project manager. They are required to monitor the progress, solve issues, and lead to the completion of the project.
Managing the risks to the organization is a crucial part of a business. Risk managers are responsible for reviewing and accessing the risk management policies and protocols. They recommend corrective measures and implement modifications and improvements to ensure risk minimization.
Average Salary: INR 13 LPA.
Here are the top recruiting firms that hire MBA graduates for jobs after MBA Finance:
MBA is a degree program of 2 years at the post-graduate level. The MBA finance program covers topics such as Business Accounting, Budgeting, Costing, Global Accounting, Equity & Bonds, and Working Capital Management that help students plan for potential problems when working in any company.
Students are educated on diverse aspects of financial management, which helps to land excellent jobs after MBA finance. The MBA course can be completed online or full-time according to the candidate’s preferences.
The eligibility criteria for pursuing an MBA in finance are as follows:
To get admission to an MBA program with any specialization, it is necessary to appear and score in GMAT (Graduate Management Admission Test) or CMAT (Common Management Admission Test). You can also do an MBA in Finance through the distance learning education program.
Some of the universities, like Sikkim Manipal University and Indira Gandhi National Open University, offer the distance MBA program. Some Indian universities do not hold entrance tests for online education.
Entrance exams such as XAT, CAT, MAT, ATMA, SNAP, etc. are used by some prestigious institutions for admission to MBA programs. IIM – Indore, Ahmedabad, Bangalore, Calcutta, Lucknow, Xaviers Labour Research Institute Jamshedpur, and Institute of foreign trade new Delhi are the top institutes that offer MBA in Finance and could lead to an astounding career for graduates of MBA in Finance.
The MBA in finance is considered to be the best MBA concentration. This field of specialization proves to yield higher returns in terms of investments in your education. MBA finance offers several benefits to students:
Hence, the requirement for jobs after MBA in finance can never be undermined by any financial institution, and as of date, MBA in finance is a necessity for the overall success of a Company. It is in this context that an experienced MBA graduate determines their salary after a point of time.
Start earning online by answering questions on topics like business, economics, finance, accounts, etc posted by students worldwide on the Chegg platform. Work as per your schedule. Sign up now!
Finance is the root of a business venture. Hence its existence is perpetual. The importance of finance in an organization has contributed to the demand for finance specialists.
In this article, we went through what an MBA is, its course curriculum, the best jobs after MBA finance, and the top recruiting companies. By now, it is quite clear that an MBA finance is indeed a prosperous career option.
The MBA finance program educates students about the several aspects of financial management that are very crucial for an organization. MBA Finance scope is widely spread, offering multiple high-end jobs after MBA in finance with exciting salary packages. Several reputed industries recruit MBA finance graduates and provide them with astounding placements.
The highest-paying jobs after MBA finance are typically Investment Bankers, particularly at the Managing Director level, or Private Equity Professionals. These roles often offer substantial base salaries and bonuses, especially at top firms.
There are numerous career opportunities and jobs after MBA in finance. Management consultants, investment banking associates, credit managers & specialists, financial analysts, corporate controllers, finance officers & treasurers, insurance & risk managers, investment bankers, and private equity analysts are some jobs that a graduate can have a career in MBA finance. An MBA finance graduate earns an average salary of INR 2.5 lakhs per annum.
Yes, an MBA in finance is a great career option. The reason is that finance is the chief resource of a company, hence, it increases the demand for MBA finance graduates in the corporate sector. A wide range of jobs after MBA finance are available in both the private as well as public sectors.
MBA Finance is ideal if you’re interested in roles related to investment banking, financial analysis, or corporate finance, as there are many jobs after MBA finance, whereas if you’re passionate about managing people and organizational development, focus on creating HR strategies, then go for HR.
The next step after MBA finance will include CFA (Chartered Financial Analyst) as the best option. Some more jobs after MBA finance are investment banking, private equity, or corporate finance, or earning additional certifications like CFA to enhance career prospects.
To read more related articles, click here.
Got a question on this topic?
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
© 2024 Chegg Inc. All rights reserved.