Part of the reason why most students choose to build their career in the field of finance is the fact that it is one of the sectors that is steadily growing. And so it has the potential to offer amazing job opportunities that along with being mentally stimulating also comes with lucrative salaries. However, to be eligible for that you need to have the appropriate qualifications which include obtaining an MBA degree specialising in finance.
This article provides you with all the information about pursuing an MBA in Finance, including the career opportunities available to you upon graduation.
9 Best Jobs after MBA in Finance
With its versatility, an MBA in Finance can equip you for diverse roles within and outside the finance industry. Graduates of this programme qualify for various financial and business functions, ranging from entry-level management positions to top-tier ones. To give you an in-depth overview of what these are we have created the following list.
1. Financial Analysts
One of the top reasons why the job role of a financial analyst is so sought-after is because they are an important asset to any company. Although they perform a lot of responsibilities, the most important ones include weighing the efficacy of the financial planning strategies so they can predict the financial standing of the firm. Besides these, they are also required to create cost structures, estimate capital budgeting for projects, and predict future revenues and expenses.
- Average Salary: ₹ 4.5 LPA
- Highest Salary: ₹ 12.1 LPA
2. Finance Manager
Next in our list of the top job roles that students of MBA finance can consider include that of a finance manager. They have a slew of important responsibilities to perform at the workplace like better financial planning and strategising to achieve the company’s current as well as future goals. Their job role is highly versatile given the fact that it can be applied to various sectors aside from finance such as healthcare, banking and so forth.
- Average Salary: ₹ 12.5 LPA
- Highest Salary: ₹ 30.0 LPA
3. Chief Financial Officer (CFO)
The role of a CFO involves implementing effective risk management strategies and developing financial plans for an organisation. Given the range of the duties that they have to perform CFO are required to be well-versed with each and every financial concept from accounting to planning various financial operations.
- Average Salary: ₹ 45.8 LPA
- Highest Salary: ₹ 101.0 LPA
4. Accounting Manager
An accounting manager’s main job is to assist as well as lead the accounting team in completing various projects. In addition, they are also tasked with evaluating the accounting policies of a company and assisting in establishing them.
- Average Salary: ₹ 5.5 LPA
- Highest Salary: ₹ 15.0 LPA
5. Credit Manager
A Credit Manager or a Credit Specialist maximises a company’s sales while minimising bad debt by following the credit policy. This involves assessing the creditworthiness of potential clients and conducting regular evaluations of current customers. The goal is to ensure the company is taking on credit risks that align with its risk tolerance and financial objectives.
- Average Salary: ₹ 5.9 LPA
- Highest Salary: ₹ 12.8 LPA
6. Equity Researcher
As an Equity Researcher, you must conduct thorough research on the market and individual businesses, and write detailed reports based on your findings. This role requires a firm grasp of financial skills and the latest market news. Success in this career can lead to managing your portfolio and funds but it all begins with the ability to analyse a firm and its performance using strong analytical skills.
- Average Salary: ₹ 6.0 LPA
- Highest Salary: ₹ 23.0 LPA
7. Corporate Controller
Taking up the role of a Corporate Controller is another popular career choice for MBA in Finance graduates. The role of a corporate controller straddles both the realms of finance and accounting and so they need to have expert knowledge of how budgeting works including overseeing the function of budgeting and payroll processing.
- Average Salary: ₹ 21.0 LPA
- Highest Salary: ₹ 97.0 LPA
8. Investment Banker
Investment Bankers work for financial institutions and are crucial in raising capital for governments, corporations, and other entities. Their responsibilities can include connecting investors to various organisations in need of funds. The field of investment banking is known for its high salary prospects and requires strong number-crunching skills and reliable verbal and written communication skills.
- Average Salary: ₹ 4.0 LPA
- Highest Salary: ₹ 40.0 LPA
9. Risk Manager
The role of a Risk Manager in an organisation is to identify potential risks and recommend and implement preventive measures to minimise the costs and damages in case a risk occurs. The preventive measures may include implementing measures to avoid the risk of purchasing insurance to cover the loss if it occurs.
- Average Salary: ₹ 9.8 LPA
- Highest Salary: ₹ 25.6 LPA
Government Sector Jobs after an MBA in Finance
Keeping track of cash flow, investments, and other financial tasks is crucial for government organisations as well. This is why even in the government sector there is no dearth of jobs for MBA finance graduates. Here is a table with information on the top government organisations that hire finance graduates and their average salaries:
|Job Roles||Average Salary in INR|
|Bank Manager||7 lakhs per annum|
|Deputy Manager||8.6 lakhs per annum|
|Account Officer||3.6 lakhs per annum|
|Assistant Manager||6.5 lakhs per annum|
|Assistant General Manager||19.9 lakhs per annum|
Source- Ambition Box
MBA is a highly relevant degree in today’s time, it offers various options when it comes to specialisations. Although the choices are many there are some specialisations that come with more benefits including high-paying jobs. One such specialisation is MBA finance which has been a popular choice for many students.
Being an MBA finance graduate can open various doors for you that are not limited to the private sector only because bow it extends to the public sector as well.
Q1. What’s in it for me if I choose MBA in Finance?
Finance is one of the most popular sectors to work for most MBA graduates. Specialising in this field helps you stand out from the crowd when it comes to landing prominent job roles. You can slip into various roles such as that of a Chief Financial Officer, Equity Researcher, Finance Director etc.
Q2. What should I opt for, a Master’s in Finance or an MBA in Finance?
When compared both programmes are equally relevant in their own ways however, when we talk about career opportunities an MBA in finance is a better choice. This is because the degree trains you as per the current requirements of the job sector.
Kamaldeep Singh is an accomplished digital marketing specialist, and has been associated with the education industry since 2022. With a flair for knowledge, he finds joy in learning and sharing insights on education, technology, digital marketing, and self-care through his writing. He is passionate about cars, tech-gadgets, and loves long drives.