MBA in Finance is one of the most opted specializations in this postgraduate degree. The students here are exposed to knowledge and skills like managerial decision-making, analytical thinking, coordination process and estimating profits and losses of a company or Industry.
This program exposes students to various opportunities in the financial world. This allows an aspirant to embark on their journey in the finance sector through theoretical as well as practical experience. However, just having a degree of MBA is not enough to get a good job. You have to possess some extra skills and specialization.
So the simplest way is to enroll in short-term courses after MBA Finance to boost employability.
Jobs after MBA finance are pretty competitive. However, doing courses after MBA finance can help you get a better start in your career and give you an edge over other candidates. There are several other benefits of doing some professional courses after MBA finance, such as:
Now that you know why doing courses after MBA finance is crucial for pursuing a career in finance. Let’s understand about some of the best in-demand and well-known Short-term Courses after MBA Finance in India:
Let’s find out after MBA finance which course is best in India one-by-one in detail :
This course is linked to financial planning, including insurance planning, investment planning, tax planning, and retirement planning – a good option for jobs after MBA finance. There are two options to do this course. They are:
The basic eligibility criteria for admission in the CFP courses is a 10+2 or Bachelor’s Degree. And if you choose the Challenge pathway, you need to clear CA Intermediate level, CFA, CAIIB, CS etc.
The average salary for a Certified Financial Planner in India is around ₹2 Lakhs – ₹15 Lakhs/yr, which can increase with experience and expertise.
There is a great demand for Certified Financial Planners in both the private and government sectors. As their skills and services are needed for tasks like risk management, portfolio management, office administration etc.
CFA is a course offered by CFA Institute. This short-term course after MBA finance can be done parallel to the MBA Program.
This course is spread across three levels, which test the candidates’ knowledge of the fundamentals of investment tools, portfolio management, wealth management etc. The first level of this course has nothing to do with experience, and it is one of the courses after MBA finance.
CFA is a post-graduation course, so candidates with a Bachelor’s degree or in the final year of their Bachelor’s program are accepted.
The candidate must have 4 years of relevant working experience and a great understanding of contemporary investment business.
The average salary for CFA charterholders in India is around ₹0.7 Lakh – ₹15 Lakhs/yr, with potential for higher earnings depending on experience, industry, and location.
There is a great deal of scope for candidates after completing CFA. They can work as Portfolio Managers, Research Analysts, Risk Managers, Corporate Financial Analysts, and Investment Banking Analysts, which are great pay career fields to choose from after doing an MBA Program.
NCFM Certification course is one of the great choices for courses after an MBA in finance. This certification course in Finance offers an inexpensive and valuable certification after completion. The course has three levels which include foundation, intermediate, and advanced. The way to achieve this certificate is very straightforward. You would have to download a pdf, read and understand the given contents, give an exam, and then pass it, and you will get the certificate.
The candidate must have passed 12th from a recognized board. Having Bachelor’s degree is also recommended (not compulsory) as graduates are preferred by big companies during job selection.
Keep all your original documents with you and self-attested photocopies of them.
The average salary after obtaining NCFM certifications can vary widely depending on the specific module and job role but typically ranges from ₹15.0 lakhs – ₹28.7 lakhs/yr.
One of the in-demand courses after MBA finance, the NCFM certification course provides diverse career scope. NCFM certification holders can pursue careers in brokerage firms, investment banks, mutual fund companies, and research firms. Job roles include equity analyst, financial analyst, trader, and research associate.
This professional course’s job description and responsibilities after MBA finance would be of a company’s secretary. It involves managing legal records, keeping track of public issues, and maintaining acquisitions and merger activities.
If you choose this course from many of the courses after MBA finance, you will be working for a very reputable job profile, and the best part is that the job can also be done part-time. Not only this course adds great value to your CV, but this course itself is entirely job oriented.
The basic eligibility criteria for CS is 10+2. After that, you need to clear all three levels of exams. Namely, Foundation Program (pass 10+2), 2. Executive Program (pass Foundation program/ CSEET or Graduation), 3 Professional Program (pass Executive Program)
The average salary for a Company Secretary in India ranges from ₹3 Lakhs – ₹16 Lakhs/yr for entry-level positions and can go up to ₹20 LPA or more for senior positions with experience.
CS certification holders can work in various sectors, including corporate houses, banks, regulatory bodies, and consultancy firms. Job roles include company secretary, compliance officer, corporate governance advisor, and legal advisor.
It is the certification program by the leading professional employability enhancement firms that offer a FLIP certification which requires dealing with banking and also financial services. It can be said as one best courses after MBA finance.
An organized venture of senior IIM-Lucknow alumni and the institute provides candidates training via e-learning to achieve certification that is relevant and practical to the work that you are supposed to carry out in a bank or financial institution. You can consider it as one of the options for doing courses after MBA finance.
To get the FLIP certification one has to give an examination at any of the 64 centres present in India. After passing the exam the candidate will get the certificate which will be endorsed by leading finance houses like HDFC Bank, Axis Bank, Kotak bank etc.
The average salary for professionals with FLIP certifications varies by specialization, but generally ranges from ₹6 Lakhs – ₹10 Lakhs/yr, with potential for higher earnings based on experience and job role.
FLIP certification holders can pursue careers in banking, financial services, investment firms, and corporate finance departments. Job roles include financial analyst, investment banker, wealth manager, and financial planner.
If you are wondering what to do after MBA finance, then this is one of the perfect courses after MBA finance that can certify you as a risk manager globally. Even though the course is expensive, you should go for it if you are sure that risk management is the ideal choice.
Eligibility
There is no strict eligibility criteria to appear in PRM Part 1 Exam, as a graduation first year student can take it. However, there are certain criteria to pass the exam, like:
The average salary for FRM-certified professionals in India is around ₹16.8 lakhs – ₹50.0 lakhs/yr, with higher earnings potential in senior roles.
Scope
The FRM course is considered one of the best courses after MBA finance because the job of Financial Risk Manager is gaining demand in India, companies are searching for good Risk Managers.
FRM-certified professionals can work in banks, asset management firms, consulting firms, and regulatory agencies. Job roles include risk manager, financial risk analyst, credit risk manager, and market risk analyst.
The job profile of an actuary is a bit similar to that of risk management. It’s one of the finest courses after MBA finance. The responsibilities of these professionals are keeping track of the impacts of various uncertainties and risks on the business. Your job would be to understand the outcomes and prevent them from becoming negative.
Actuaries gather data to analyse it for estimating the probability and the likely cost of events that might take places, such as death, injury, illness, disability, and loss of property. Then their job is to create policies that help reduce the cost of these coming risks.
For the course of Actuary, there are certain eligibility criteria that one must meet.
After graduation or post graduation, candidates can join any of the given professional bodies of India as student members and become fellows in IAI.
The average salary for a qualified actuary in India is around ₹4 lakhs – ₹28.8 lakhs/yr for entry-level positions and can go up to ₹50 LPA or more for senior roles with experience.
If you choose this course from many other courses after MBA in finance, then it can give you a lucrative career. Actuaries can work in insurance companies, consulting firms, government agencies, and pension funds. Job roles include actuarial analyst, risk manager, pricing actuary, and pension consultant.
The alternative investment industry is your career destination when you go for this courses after MBA finance Program. The course provides you with demonstrated skills, extensive knowledge, and global certification.
The fee is quite high, and you must work hard to clear the examination. The course afterwards offers a high-standard job. It is one of the best courses after MBA Finance.
To appear in the CAIA exam, a candidate should have a bachelor’s degree and one year of relevant work experience.
The average salary for CAIA charterholders in India is around ₹2.5 Lakhs – ₹31 Lakhs/yr, with potential for higher earnings based on experience, industry, and location.
CAIA is also a great option for many courses after MBA finance, as after doing this one of the professional courses after MBA finance. CAIA charterholders can pursue careers in hedge funds, private equity firms, real estate investment companies, and financial institutions. Job roles include alternative investment analyst, portfolio manager, investment advisor, and risk manager.
As tools and software are changing every business from the inside, the finance industry isn’t an exception. The trading sector and its tools are emerging as the new trend.
Knowledge about algorithm trading will make you stand apart compared to many MBA finance applicants. After this professional courses after MBA finance, there are several job opportunities with a very interesting job profile offering quite a handsome package.
You can apply to any recognized institute to do this course. There are no fixed admission criteria but of course, graduation is compulsory.
Generally, this course is preferred after the completion of MBA Program.
The average salary for professionals with expertise in algorithmic trading in India is around ₹2.5 Lakhs – ₹70 Lakhs/yr, with potential for higher earnings based on experience, performance, and job role.
If you choose one course from many other courses after MBA finance, you will make lots of money in this career. Professionals with this expertise can work in hedge funds, investment banks, proprietary trading firms, and fintech companies. Job roles include algorithmic trader, quantitative analyst, trading strategist, and risk manager.
This professional courses after MBA Finance offers a certification that can help you secure a job in quant trading, quant IT, derivatives, risk management, and insurance. It doesn’t matter that it’s been only a few years since you completed your MBA.
The path to becoming a quant professional is open for you at any age. This is considered a practical certification course to get a good job after an MBA finance.
The eligibility criteria to take admission in the course of Quantitative Finance is the 55% in the Graduation from relevant discipline.
The average salary for professionals with a CQF certification in India ranges from ₹2.7 Lakhs – ₹37 Lakhs/yr, depending on experience, job role, and location.
CQF-certified professionals can pursue careers in investment banks, hedge funds, asset management firms, and financial consultancies. Job roles include quantitative analyst, risk manager, financial engineer, and derivatives analyst.
MBA in itself is a great course for students, and if you do some additional courses after MBA finance program, it will add more value to your degree. This article introduced you to some of the best courses after MBA finance.
However, if still want to explore some more courses or, want to do different courses from the mentioned. You can check out some other short term courses after MBA as well. Doing such additional courses gives great career scope and an edge over other candidates. So, don’t’ miss out on the chance to do these courses.
There are various courses after MBA finance, it depends on your choice, career goals and ability which one you choose to pursue. Some of the best courses to do after an MBA in finance are Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), Certified Financial Planner (CFP), and Financial Risk Manager (FRM) the list goes on.
After MBA finance you can do some short-term professional courses like CFA, CFP, CS, and FRM for great career growth. Alongside this, you can also do internships at financial companies, which will provide you with practical exposure to build your career in finance.
Yes, you can pursue a CFA after completing an MBA in finance.
Yes, you can pursue a PhD after completing your MBA in Finance. A PhD in Finance will allow you to delve deeper into research, advanced financial theories, and academic teaching. It can lead to careers in academia, research institutions, and high-level consultancy roles. Make sure to choose a program that aligns with your research interests and career goals.
The highest paid jobs after an MBA in finance typically include roles like Investment Banker, Financial Manager, Chief Financial Officer (CFO), Financial Analyst, and Credit Risk Analyst. These positions offer lucrative salaries, often ranging from INR 12 LPA to INR 25 LPA or even higher, depending on experience and location.
The salary for a CMA after an MBA in finance can range from ₹10 lakhs to ₹25 lakhs per annum, depending on experience and job role.
Chartered Financial Analyst (CFA) is the highly valued in the finance industry and can significantly boost job prospects.
1. MSc in Finance: Offered by many universities abroad, focusing on advanced financial theories and practices.
2. Master of Science in Financial Engineering: Combines finance, mathematics, and computer science.
3. PhD in Finance: For those interested in academic and research careers.
1. Diploma in Financial Modeling and Valuation: Enhances skills in financial analysis and valuation.
2. Diploma in Quantitative Finance: Focuses on mathematical and statistical methods used in finance.
The best course to pursue after an MBA in Finance in India is the Chartered Financial Analyst (CFA) certification. It is highly regarded globally and focuses on investment management, financial analysis, and portfolio management. Other top courses include the Certified Financial Planner (CFP), Financial Risk Manager (FRM), and Certified Management Accountant (CMA).
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