Top 8 Career & Jobs Opportunities after MBA in Financial Management



02 December, 2023

Top 8 Career & Jobs Opportunities after MBA in Financial Management

What is Financial Management?

The Financial Management field deals with monitoring of financial resources to achieve business growth and best ROI. As a Financial Manager, you will have to plan, organise, and control all business transactions while focusing on sourcing the capital be it initial investment or any other source. In this job profile, you will also be responsible for fund allocation in a synchronised manner to ensure financial stability and develop future action plans.

Most of the candidates take an MBA degree as their vehicle to reach the destination of financial management as their career. Meanwhile, there are other ways as well to enter this field. Since an online MBA degree has no hardcore entry criteria and mostly does not require any prior work experience, it is the most popular choice among finance management aspirants.

Related: MBA in Financial Management: A Comprehensive Guide

Scope of MBA in Financial Management

With the provision of digital money and changing consumer expectations for more personalised and secure services, the financial sector across the globe is  changing. In the Indian context, the finance sector is unarguably a distinguished sector of the Indian economy. The glue that binds all the trends and evolution of the financial service sector is the art and science of financial management.

At this crucial juncture where the financial sector and almost every major industry is evolving, investing in higher education in Financial Management specialisation will help you outshine the professional sphere of the 21st century.

Going by the statistics of FICCI (Federation of Indian Chambers of Commerce & Industry), our domestic financial services can generate over 50 lakh new jobs in the next ten years. So, if you hear people aiming to enter this lucrative field of finance management or financial management don’t be surprised. And that is precisely why a huge chunk of candidates are looking forward to pursuing an online MBA in Financial Management.

Skills Required for Financial Management Job Roles

Strong business and commerce understanding A problem-solver with a critical thinking ability
Good negotiating skills A decisive person who can handle any tough situation
Ability to communicate with different teams and a variety of clients Knowledge of financial management software
Must be able to manage time and multitask IT skills
Strong attention to detail Financial data analysis and reporting

List of Top Jobs after Financial Management Degree with Salaries

By earning an MBA qualification in this field, you get equipped with high in-demand skills which ensures a higher management position in a top multinational company. A few roles you can go for after completing an online MBA in Financial Management are:

Sl# Professional Scope Average Salary Highest Salary
1 Financial Manager ₹ 17.3 LPA ₹ 30.8 LPA
2 Financial Analyst ₹ 5.7 LPA ₹ 11.5 LPA
3 Investment Banking Analyst ₹ 14.7  LPA ₹ 27.9 LPA
4 Actuary ₹ 7.2 LPA ₹ 13 LPA
5 Investor Relations Manager ₹ 11  LPA ₹ 32 LPA
6 Portfolio Manager
11.1 LPA
₹ 33.6 LPA
7 Financial Accountant ₹ 10.1  LPA ₹ 16.4 LPA
8 Financial Controller ₹ 21.3 LPA ₹ 59.9 LPA

Salary Source: Ambition Box 

The above-mentioned are generic positions you can pitch. Depending upon your past experience and skillset you can grab a senior or managerial position in these niche roles. Thus, the salary range also increases accordingly.

Let’s discuss these job roles in detail:

1. Financial Manager

To work in the role of Financial Manager, you need to be good with figures and should be able to deal with complex modelling and financial systems. The professional in this role has to oversee the financial health of the company and ensure its stability. You will be responsible for supervising daily functions such as monitoring cash flow, managing expenses, strategising for profit, and producing accurate financial data.

A Financial Manager’s role can vary significantly. For example, in large firms, a Financial Manager is more involved in strategic analysis whereas in a small-sized company, his role will only be to prepare financial statements and manage accounts.

  • Average Salary: ₹ 17.3 LPA
  • Highest Salary: ₹ 30.8 LPA

2. Financial Analyst

It is considered one of the most coveted career choices in the financial services sector. The role of a Financial Analyst is to understand the day to identify opportunities and evaluate the outcome for future business decisions or investments. They can work at banks, investment firms, private equity firms, venture capital firms, government agencies or within big corporations.

Their role revolves around gathering data, organising a large set of information and assisting in formulating investment strategies. Since these tasks are data-intensive, a Financial Analyst should have strong mathematical and analytical skills.

  • Average Salary: ₹ 5.7 LPA
  • Highest Salary: ₹ 11.5 LPA

3. Investment Banking Analyst

An Investment Banking Analyst is like a liaison between business-seeking investors and funding. Their role is to employ different strategies to bring financial success for both the company and the investor. It is a very sought-after career path with a high-paying job.

If you choose to work in this profile, you will have to oversee mergers, conduct research and help in preparing legal documents. In all their work schedule they create and implement financial models in order to determine profit. In addition to this, they have to prepare system patches and engage in marketing activities of the company.

  • Average Salary: ₹ 14.7  LPA
  • Highest Salary: ₹ 27.9 LPA

4. Actuary

In this role, you will have to use statistics and maths to estimate the financial impact and assist clients in minimising risks. As an Actuary, you should be able to multitask and manage your time efficiently. They will compile data to quantify financial risk and protect organisations from possible risks and losses.

As an Actuary you can work in various sectors including banks, corporate finance, investment management, and insurance among others. He/she has to work with IT professionals as well to ensure compliance with regulatory bodies.

  • Average Salary: ₹ 7.2 LPA
  • Highest Salary: ₹ 13 LPA

5. Investor Relations Manager

The responsibility of an Investor Relations Manager is to communicate the company’s strategy, plans and achievements to potential investors who share an interest in its development. This not only includes the company’s shareholders but its employees and external market analysts as well.

Typically, an Investor Relations Manager develops and enforces policies, schedule shareholder events, ensure compliance, and analyses the gathered data for better investment decisions. They work closely with the accounting and legal departments while keeping the executive management team in the loop.

  • Average Salary: ₹ 11  LPA
  • Highest Salary: ₹ 32 LPA

6. Portfolio Manager

He is a professional who is responsible for investing in a fund’s assets and implementing the fund’s investment strategies. A Portfolio Manager has a great influence on a fund, thus they should have a strong understanding of trading, financial management and investment.

Regardless of the niche role, a Portfolio Manager can be referred to as an active or passive manager. Irrespective of the investment approach, a professional in this domain should be a subject matter expert and must have strong ideation skills. Moreover, the approach you adopt in this role is very important for all the forthcoming tasks you do.

  • Average Salary: ₹ 11.1 LPA
  • Highest Salary: ₹ 33.6 LPA

7. Financial Accountant

A Financial Accountant has a variety of roles from bookkeeping and tax filing to administration of financial records and ensuring that the organisation is complying with laws and regulations. Their precise role depends on the company’s nature and size. In short, a Financial Accountant has to keep things in order.

In addition to this, a Financial Accountant investigates financial discrepancies and accordingly solves financial issues that arise. Some people mistake financial accounting for managerial accounting which is a process of analysing information for internal use.

  • Average Salary: ₹ 10.1  LPA
  • Highest Salary: ₹ 16.4 LPA

8. Financial Controller

This job profile revolves around forecasting the organisation’s financial future. On a daily basis, the Financial Controller has to manage the cash flow of the company, oversee the budget, and prepare and submit financial reports. As a Financial Controller, you will play a crucial role in the company’s decisions.

In some organisations, this designation can be blended with that of a Financial Manager. But the specific role that a Financial Controller fulfils like the preparation of the operation budgets is more niche-oriented.

  • Average Salary: ₹ 21.3 LPA
  • Highest Salary: ₹ 59.9 LPA

Best Institute for Online MBA in Financial Management & Related Programmes

Institute Name  Course Fee
Dr. D.Y. Patil Vidyapeeth  1,40,200
NMIMS 1,68,000 – for pro MBA
1,44,000 – for prime MBA
IGNOU 62,000
UPES 1,50,000

Apart from this, many colleges/universities are offering finance-related management programmes. In fact, some institutions provide other degree programmes such as Master of Commerce in Finance Management. Therefore, the choice varies as per your career aspirations and interests.


Finance is the root of every business so its existence is perpetual. You will never be left behind if you choose this field as your career path. Obviously, the choice should be built upon your personal interest. For someone who is good with numbers and is detail-oriented, financial management is the right fit. Pursuing an MBA degree will carve your way to this lucrative career. Apart from this, there are other paths as well to become a Financial Manager, you will have to analyse your goals and professional profile.

Get Free Career Guidance