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% (According to Times of India) possess a master’s degree in management.
The reason is that an MBA in finance teaches several critical aspects of the financial domain, preparing students for the corporate world. Thus, jobs after an MBA in Finance are more plentiful than in other domains.
This article will introduce you to the various MBA finance job opportunities, salaries, and career scope available to an individual. Let us begin by understanding what an MBA is.
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 and keeping a watch on its assets.
Moreover, Finance is a part of the capital required in industrial development, planning, and operation. An MBA in finance aims 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. Some of the highest-paid jobs after MBA in finance include Investment Banker, Financial Analyst, Chief Financial Officer (CFO), Portfolio Manager, Risk Manager, and Financial Consultant, offering excellent salaries and significant growth prospects.
Numerous courses after an MBA in Finance are available, where graduates can enhance 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 in finance can work in both banking and 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 and private financial sectors.
Here are the Top 10 jobs after MBA Finance:
1. Investment Banker
Investment banking is considered one of the highest-paying careers after MBA finance. The job mainly revolves around spending capital in a way that yields the highest returns. Investment bankers combine financial services to help clients raise capital and with mergers and acquisitions. This job profile is highly paid and fast-paced in the industry.
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 after an MBA in finance is a financial advisor. Financial advisors are responsible for guiding their clients regarding several financial matters. They provide advice on investments, estate planning, bank accounts, tax and duties, mortgages, and retirement.
The finest job after MBA finance includes a financial analyst position, which involves analyzing a company’s financial statements and tracking its performance against an established plan. Financial analysts are responsible for predicting a company’s future performance through modelling capital structure, budgeting, and forecasting future revenues and expenditures.
A management consultant is one of the most sophisticated jobs after an MBA in finance. These officials assist companies with organizational management. Management consultants help organizations solve various managerial issues, value creation, business performance improvement, and growth maximization.
Portfolio managers help their clients make decisions about investments. They are responsible for devising and implementing investment strategies and processes to achieve the client’s goals. Portfolio managers also help resolve financial constraints and manage portfolios by providing investment advice.
One great option on the list of jobs after an MBA in finance is merchant banking. Merchant bankers are responsible for assisting their clients with securities subscriptions. Their jobs generally involve placing securities, managing public issues, stockbroking, etc.
Private equity analysts are the working officials of the private sector undertaking. They primarily help private equity firms evaluate financial and equity data. They conduct research, perform ratio analysis, and provide interpretations of private companies. Being a private equity analyst is one of the finest jobs after an MBA in 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 project process is under the project manager’s responsibility. They are required to monitor progress, solve issues, and lead the project to completion.
Managing the risks to the organization is a crucial part of a business. Risk managers are responsible for reviewing and assessing 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:
An MBA is a two-year postgraduate degree program. The MBA finance program covers topics such as Business Accounting, Budgeting, Costing, Global Accounting, Equity and 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 them land excellent jobs after an MBA in 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 the GMAT (Graduate Management Admission Test) or the CMAT (Common Management Admission Test). You can also do an MBA in Finance through the distance learning education program.
Some universities, like Sikkim Manipal University and Indira Gandhi National Open University, offer a distance MBA program. Some Indian universities do not hold entrance tests for online education.
Some prestigious institutions use entrance exams such as XAT, CAT, MAT, ATMA, SNAP, etc. to admit students to MBA programs. IIM Indore, Ahmedabad, Bangalore, Calcutta, Lucknow, Xavier’s Labour Research Institute, Jamshedpur, and the Institute of Foreign Trade, New Delhi, are the top institutes that offer MBAs in Finance, which could lead to astounding careers for graduates.
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 an MBA in finance can never be undermined by any financial institution, and as of date, an MBA in finance is a necessity for a company’s overall success. It is in this context that an experienced MBA graduate determines their salary after a certain point in time.
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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 discussed an MBA, its course curriculum, the best jobs after an MBA in finance, and the top recruiting companies. By now, it is clear that an MBA in finance is indeed a prosperous career option.
The MBA finance program educates students about several aspects of financial management that are crucial for an organization. The MBA Finance scope is widely spread, offering multiple high-end jobs after an 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 an MBA in 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 after an MBA in finance. Management consultants, investment banking associates, credit managers and specialists, financial analysts, corporate controllers, finance officers and treasurers, insurance and risk managers, investment bankers, and private equity analysts are some of the jobs that a graduate can have a career in MBA finance.
Yes, an MBA in finance is a great career option. Finance is a company’s chief resource, which increases the demand for MBA finance graduates in the corporate sector. A wide range of jobs after an MBA in finance are available in both the private and 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.
Authored by, Amay Mathur | Senior Editor
Amay Mathur is a business news reporter at Chegg.com. He previously worked for PCMag, Business Insider, The Messenger, and ZDNET as a reporter and copyeditor. His areas of coverage encompass tech, business, strategy, finance, and even space. He is a Columbia University graduate.
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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.
