MBA Finance: Salary, Scope, Jobs in India
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MBA Finance: Salary, Scope, Jobs in India

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 […]

 Aditi Chaurasia |23/01/2023 | Share:
MBA Finance

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 ProfilesSalary
Asset ManagerINR 2.4 LPA
Investment Banking AssociationsINR 4.0 LPA
Financial AnalystINR 4.6 LPA
Corporate ControllersINR 4.4 LPA
Corporate FinancersINR 2.1 LPA
Finance OfficersINR 4.0 LPA
TreasurersINR 1.9 LPA
Investment BankerINR 1.9 LPA
Risk ManagementINR 2.9 LPA
Private Equity ManagerINR 2.4 LPA
Credit Risk ManagerINR 2.8 LPA
Relationship ManagerINR 4.4 LPA
Budget AnalystINR 3.5 LPA
Financial AdvisorINR 3.7 LPA
Accounts ManagerINR 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 ProfileRoles and ResponsibilitySalary
Financial AnalystTheir 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 ConsultantTheir 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 DeveloperTheir 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 ManagerTheir 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 ManagerTheir main duty is to fulfil the goals of organising, directing, and supervising company operations in order to manage the company effectivelyINR 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 ProfileRoles and Responsibility Salary
Joint General ManagerThe 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 ManagerThe 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 ManagerThe 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 OfficerThe 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 ProfilesSalary
Finance ManagerINR 5.1 LPA
Accounting ManagerINR 3.5 LPA
Operations ManagerINR 3.6 LPA
Relationships ManagerINR 4.2 LPA
Bank ManagerINR 6.1 LPA
Financial AnalystINR 3.1 LPA
Business AnalystINR 3.5 LPA
Risk ManagementINR 2.5 LPA
Management ConsultantINR 6.4 LPA
Chief Financial OfficerINR 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:

OrganizationNo. of VacanciesSalary Per Annum
Reserve Bank of India680017.9 L – 20 L
State Bank of India54008.7 L – 10 L
National Payments Corporation of India58007.50 L – 10 L
Life Insurance Corporation of India44006.10 L – 9.50 L
Coal India600016.10 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 


MBA Finance: Salary, Scope, Jobs in India
MBA Finance: Salary, Scope, Jobs in India
MBA Finance: Salary, Scope, Jobs in India
MBA Finance: Salary, Scope, Jobs in India