Aditi Chaurasia
Table of Contents
MBA in Finance Scope and Salary
The financial industry offers a high-profile job path in MBA in Finance. It refers to the study of a range of financial topics, including the management, control, and evaluation of resource collection, investment, and management. This industry is focused on maximizing stock prices, managing risk and profitability, and analyzing financial records and company systems. Depending on the area of specialization they choose, graduates with an MBA in Finance can enter a wide range of business opportunities.
MBA in Finance graduates’ employment location and chosen field of financial management affect their salary and benefits. MBA in Finance students applying for jobs in metro cities i.e. Delhi, Mumbai, Chennai, Kolkata and Bangalore (centres of big industries) have many benefits in employment as well as salaries
According to estimates, the banking industry offers excellent employment possibilities with competitive pay. For those who want to succeed in the world of finance, it is quite advantageous. According to predictions, 8.4 million people could find employment in the banking and finance industries in the upcoming years. Finance can originate from the public and private sectors due to its versatility. Because of the rapid change and evolution of finance roles, there are many opportunities to progress professionally quickly.
After gaining good work experience in finance, one can join government committees and contribute to discussions on policy. Additionally, can offer corporate and governmental entities consultation services.
MBA in Finance Jobs
MBA in Finance positions are available in both the public and private sectors. A list of preferable jobs and their duties in MBA in Finance are listed below-
- Asset Manager
The main duty is to assess the probability of an asset purchase and provide the firm’s board of directors or higher-level management with supporting documentation.
- Investment Banking Associations
The main duty is to build relationships between security issuers and investors and aid startup companies in going public. They can sell shares on behalf of the issuer and receive a commission for each share sold, or they can buy all the shares that are available at a price determined by their experts and resell them to the public.
- Financial Analyst
The main duty is to carefully examine data and prepare financial models in order to find opportunities, assess results for commercial decisions or investment advice, and recommend changes according to industry trends. Also prepares financial plans and reports for the organizational leaders.
- Corporate Controllers
The main duty is planning, organizing, and carrying out the company’s corporate accounting function. It also oversees the business’s day-to-day accounting and financial reporting tasks.
- Corporate Financers
The main duties involve finding and concluding privatization, acquisition, and merger deals and buying and selling financial equities on behalf of clients. Also governs and oversees the firm’s financial activities and capital investment decisions.
- Finance Officers
The main duty is to manage the budget, prepare financial reports, and ensure all legal and ethical financial transactions. They are responsible for the overall liquidity and finances of a business or organization.
- Treasurers
The main duty is to manage risks, corporate liquidity, and investments related to the company’s financial transactions.
- Investment Banker
The main duty is providing pertinent financial advice and consulting with corporate and distinctive clients regarding their financial terms. It also involves advising corporate clients on mergers, capital markets, and acquisitions.
- Risk Managers
The main duty is to identify and analyze the impacts of any kind of financial loss on the organization, employees, public, and environment. They assess, measure, and look for solutions in times of political risks, natural disasters, pandemics, cybersecurity threats and external/ internal frauds.
- Private Equity Manager
The main duty is to work with investment banks, mergers, acquisitions and the organization’s investment divisions are the primary responsibility. They must allocate money from banks, wealthy individuals, and some private groups.
- Credit Risk Manager
The main duty includes the formulation and execution of policies and procedures that control credit risk. The framework of financial models is under the control of the credit risk manager, who forecasts the company’s credit risk exposure.
- Relationship Manager
The main duty is to build and maintain solid relationships with the clients inside and outside the firm. They are skilled professionals and are also known as Client Relationship Managers.
- Budget Analyst
The main duty is to look after the cash flow of the organization. They also keep track of each entity’s spending to help with future investment selection.
MBA in Finance Salary
MBA in Finance graduates can expect to get an average salary of about INR 3.73 LPA. However, a number of other characteristics, such as experience, aptitude, training, expertise, etc., also affect income. The candidate’s employment status—public or private—has an impact on their pay as well. The salaries of a few job profiles are shown below:-
| MBA in Finance Job Profiles | Salary |
|---|---|
| Asset Manager | INR 2.4 LPA |
| Investment Banking Associations | INR 4.0 LPA |
| Financial Analyst | INR 4.6 LPA |
| Corporate Controllers | INR 4.4 LPA |
| Corporate Financers | INR 2.1 LPA |
| Finance Officers | INR 4.0 LPA |
| Treasurers | INR 1.9 LPA |
| Investment Banker | INR 1.9 LPA |
| Risk Management | INR 2.9 LPA |
| Private Equity Manager | INR 2.4 LPA |
| Credit Risk Manager | INR 2.8 LPA |
| Relationship Manager | INR 4.4 LPA |
| Budget Analyst | INR 3.5 LPA |
| Financial Advisor | INR 3.7 LPA |
| Accounts Manager | INR 2.4 LPA |
MBA in Finance Jobs: Sector-wise
MBA in Finance provides great job opportunities in both the public and private sectors. Candidates’ knowledge and abilities obtained during the course as well as internships or work experiences, will determine their position of responsibility to be offered.
MBA in Finance Jobs in Private Sector:
MBA in Finance graduates have many job options. Candidates may be hired for a variety of positions, including Management Trainee, Accounts Officer, Assistant Manager, etc. The range of the private sector MBA in Finance average salary is INR 3.20 to 24 LPA. Top private companies that recruit MBA in Finance students include Amazon, Goldman Sachs, Boston Consulting Groups, Bain & Company, Morgan Stanley, JP Morgan, HDFC and others.
| Job Profile | Roles and Responsibility | Salary |
|---|---|---|
| Financial Analyst | Their main duty is to carefully examine data and prepare financial models in order to find opportunities or assess results for commercial decisions or investment advice and recommend changes according to industry trends. Also prepares financial plans and reports for the organizational leaders. | INR 4.6 LPA |
| Association Consultant | Their main duty is to give assistance to management and together with the consulting staff, they ensure that business processes function smoothly. | INR 9.0 LPA |
| Analyst Developer | Their main duty is to develop, test and maintain the software in order to support the finance of the organization or business. | INR 9.4 LPA |
| Asset Manager | Their main duty is to assess the probability of asset purchase and provide the firm’s board of directors or higher-level management with supporting documentation. The assets are property, money, stocks, shares and bonds, commodities, equities and other financial products. | INR 5.3 LPA |
| Senior Manager | Their main duty is to fulfil the goals of organising, directing, and supervising company operations in order to manage the company effectively | INR 19.0 LPA |
MBA in Finance Jobs in Government Sector:
MBA in Finance graduates can apply for jobs in the government sector. There are various government banks, insurance companies and many other public sectors which provide job opportunities to graduates with MBA in Finance speciality. The range of the government sector MBA in Finance average salary is INR 1.2 to 25.4 LPA. Top government/public sector companies that hire MBA in Finance graduates are the State Bank of India, BSNL, National Dairy Development Board, Bharat Earth Movers Limited, etc.
| Job Profile | Roles and Responsibility | Salary |
|---|---|---|
| Joint General Manager | The main duty is to oversee all aspects of business operations, including cost and revenue management. The majority work from a bank’s headquarter offices. | INR 24.5 LPA |
| Assistant Manager | The main duty is to frequently check employee schedules and assist new hires in comprehending their responsibilities. Also looks after the everyday activities of the organization. | INR 9.5 LPA |
| Bank Manager | The main duty is to engage with customers, marketing, and track sales goals. Candidates must possess strong leadership qualities, customer management abilities, business management abilities, and outstanding communication skills in order to succeed as bank managers. | INR 9.2 LPA |
| Accounts Officer | The main duty is to oversee a company’s income and expense activities. They are in charge of handling bookkeeping, petty cash, employee spending, invoice reconciliation, etc. | INR 6.5 LPA |
MBA in Finance Jobs for Freshers:
MBA in Finance scope is very high both in the private as well as the public sector. Fresh MBA finance graduates can be recruited directly from college campuses or by applying from different job portals. Here is a list of top job opportunities for MBA in Finance freshers-
| Job Profiles | Salary |
|---|---|
| Finance Manager | INR 5.1 LPA |
| Accounting Manager | INR 3.5 LPA |
| Operations Manager | INR 3.6 LPA |
| Relationships Manager | INR 4.2 LPA |
| Bank Manager | INR 6.1 LPA |
| Financial Analyst | INR 3.1 LPA |
| Business Analyst | INR 3.5 LPA |
| Risk Management | INR 2.5 LPA |
| Management Consultant | INR 6.4 LPA |
| Chief Financial Officer | INR 10.2 LPA |
MBA in Finance graduates have a number of opportunities. All they need to have diverse skills and knowledge about finance. One can get into thrilling fields like merchant banking, investment, consumer banking, international finance, corporate finance, financial consulting and many more. After building an excellent portfolio, one can get jobs in government committees and become a part of policymaking.
In many facets of the corporate world, having a solid understanding of finance is essential. Having a background in finance can lead to a variety of job scopes and employment opportunities. Graduates with an MBA in Finance have a wide selection of employment options with quite good salaries.
Frequently Asked Questions:
Q. What is the average monthly salary for a Finance MBA?
Ans. The average per month salary for MBA in Finance is INR 20,000.
Q. What is the scope of MBA in Finance in India?
Ans. MBA in Finance graduates can pursue a variety of good employment options in both the public and private sectors, including financial advisors, investment bankers, hedge fund managers, stock traders, equity analysts, and many more.
Q. What is the scope of MBA in Finance Abroad?
Ans. MBA in Finance is one of the most demanding specializations. The average salary for MBA in Finance abroad is INR 74,82,205.
Q. Can I join any government organization after completing MBA in Finance?
Ans. Students can apply in the government sector including banks, railways and government companies. It is a good and secure career. Banks and other public sector businesses all constantly promote so keep tracking them.
Here is a list of a few Government organizations to which passouts can apply:
| Organization | No. of Vacancies | Salary Per Annum |
|---|---|---|
| Reserve Bank of India | 6800 | 17.9 L – 20 L |
| State Bank of India | 5400 | 8.7 L – 10 L |
| National Payments Corporation of India | 5800 | 7.50 L – 10 L |
| Life Insurance Corporation of India | 4400 | 6.10 L – 9.50 L |
| Coal India | 6000 | 16.10 L – 20 L |
Q. What are the questions asked in MBA in Finance interview?
Ans. Questions that are asked in PI rounds are mainly the basic questions related to finance like definitions, types, meaning, advantages and disadvantages. Along with that, some personal questions are also asked like why you chose to make a career in finance, your achievements to date, strengths & weaknesses and many more. While giving the interview one must be confident, to the point and engaged with the interviewer
