Career After MBA in Finance: Job Roles, Scope, Salary & Top Opportunities in India

MBA in Finance Scope for Graduates in India

With the rapid expansion of the financial services sector, MBA in Finance scope in India is increasing day by day. Companies value skills in strategic financial planning, investment analysis, and risk management. An MBA in Finance opens opportunities for various high-paying roles in the finance field. Investment banking, corporate finance, risk management, and fintech are some of the major sectors hiring finance graduates. The average MBA in Finance salary for freshers in India is about 6 to 15 Lakhs per annum.

Career After MBA in Finance

Below are some top career options for MBA Finance:

Explore top career roles in MBA Finance

Graduates with an MBA in finance find jobs as;

1. Financial Analysts
2. Credit Risk Managers
3. Investment Bankers
4. Corporate Finance Managers
5. Portfolio Managers
6. Risk Managers
7. Financial Planners
8. Credit Analysts
9. Wealth Manager
10. Consultants

Pursue certifications like CFA or FRM

Some of the popular certifications include: Chartered Financial Analyst (CFA),  Financial Risk Manager (FRM),  and Certified Management Accountant (CMA).

Pursue leadership roles as experienced professionals

An MBA in Finance can be a stepping stone for experienced candidates to explore global opportunities with multinational companies or even obtain leadership positions like team leads, assistant managers, and directors.

Explore Entrepreneurship

Many graduates use the skills and knowledge gained in MBA Finance to start their own ventures or work as consultants.

Popular Job Roles for MBA Finance

Top job opportunities after MBA in finance include the following:

Financial Analyst

A professional who evaluates financial data to help companies make informed decisions. They are responsible for gathering financial data, conducting quantitative analyses, and preparing financial reports. They advise management on financial planning and investment decisions by analysing possible risks. Analytical skills, mathematical skills, communication, and software proficiency are needed.

Investment Banker

An investment banker advises corporations on complex financial transactions such as mergers, acquisitions, and capital raising. They act as intermediaries between clients seeking to raise money and investors. Key responsibilities include performing complex financial modelling, valuation, client presentations, and raising capital.

Portfolio Manager

A portfolio manager manages investment portfolios of clients in terms of stocks, bonds, and other securities. Their responsibilities include monitoring portfolio performance, adjusting allocations and maximising returns.

Risk Manager

A risk manager works to identify and prevent potential risks that could affect an organisation. Their role includes identifying, designing and implementing risk mitigation systems.

Corporate Finance Manager

A corporate finance manager is someone who oversees a company's financial activities. Their key responsibilities include financial planning, analysis, budgeting, and managing investments.  They work closely with executive leadership to plan for financial health and growth for a business.

Financial Planner/Advisor

A Financial advisor helps clients make informed decisions about their money. They assess a client's financial health and recommend a range of financial products. Financial planners, on the other hand, provide long-term wealth management strategies for an individual or company. They mostly provide strategies for retirement, tax, estate, and insurance needs.

Equity Research Analyst

An equity research analyst analyses the market trends and prices to help investors decide whether to buy, sell, or hold their stocks. Their core responsibilities include: financial analysis, valuation and modelling, and client communication.

Wealth Manager

A wealth manager provides financial services to high-net-worth individuals. Their services include investment management, retirement planning, tax strategy, and estate planning. They act as a primary point of contact for managing a client's entire financial status.

Credit Analyst

A credit analyst evaluates the creditworthiness of an individual or company to assess the risk of lending money. They evaluate loan applications, assess financial statements, and market conditions. They mostly work in commercial banks, credit card companies, and insurance companies. 

Account Manager

An account manager is a professional responsible for managing a company's relationship with its clients. They manage financial client accounts, build and maintain strong client relationships.  

Salary After MBA in Finance

Below are the salary details after an MBA in Finance in India.

Courses to do After MBA Finance

Certification courses that add value post MBA include:

Chartered Financial Analyst (CFA)

The Chartered Financial Analyst (CFA) programme is a globally recognised certification for finance professionals. The certification mainly focuses on investment management aspects like portfolio management and financial analysis.

Financial Risk Manager (FRM)

A Financial Risk Manager (FRM) certification is a globally recognised professional certification by the Global Association of Risk Professionals (GARP).  The certification is provided for expertise in identifying and mitigating financial risks. It typically takes 1 to 2 years to complete the FRM certification with a two-part examination and a minimum of two years of experience.

Certified Management Accountant (CMA)

The Certified Management Accountant (CMA) is a certification that prepares professionals for strategic roles in accounting. The credential signifies expertise in financial planning, analysis, control, and professional ethics. The US CMA usually takes 1-1.5 years  (3-4 years for the Indian CMA) to complete.

Certified Financial Planner (CFP)

Certified Financial Planner (CFP) is a certification for individuals who meet stringent standards in financial planning, including education, examination, experience, and ethics.

Financial Modelling and Valuations

A Financial Modelling and Valuation certification is a credential that validates skills in building financial models. It is used in various financial fields like investment banking, private equity, and corporate finance.

Certified Public Accountant (CPA)

The Certified Public Accountant (CPA) certification is an important credential for accountants to provide a range of financial services, including auditing, tax preparation, and consulting. To become CPA certified, candidates must pass the four-section Uniform CPA Examination and gain about 1 -2 years of professional work experience.

Major Industries and Recruiting Companies for MBA Finance

MBA Finance graduates find opportunities in various sectors after completing an MBA in Finance.

Investment Banking and Financial Services

This is one of the primary sectors for the recruitment of MBA Finance graduates. Graduates find opportunities as investment bankers, financial analysts and portfolio managers.  Major investment banks that hire MBA Finance graduates include Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, and ICICI Securities.

Consulting Firms

Consulting is another area of recruitment for MBA graduates. Graduates are hired for roles in management consulting, strategy consulting, and financial advisory services for clients. Major consulting firms include: Deloitte, KPMG, EY, BCG, and Accenture.

Technology and IT Services

The tech industry is a major employer of MBA Finance graduates.  They hire for roles in corporate finance, financial analysis, and treasury. Major tech companies hiring MBA Finance graduates include: Amazon, IBM, Google, Bosch, and various startups.

E-commerce and Internet-Based Companies

E-commerce and Internet-based companies hire MBA Finance professionals for financial planning and analysis, business finance, and corporate accounting roles. Amazon, Flipkart, Myntra, Ajio, and Google are some of the top companies hiring for this role.

FMCG (Fast-Moving Consumer Goods)

FMCG is another major sector hiring MBA Finance graduates for roles like Financial Planning & Analysis (FP&A), accounting, business finance, and treasury. Major recruiting companies include: Hindustan Unilever Limited, Procter & Gamble (P&G), ITC Limited, Johnson & Johnson, etc.

Conclusion

In conclusion, career after MBA in Finance is a highly rewarding path for aspirants choosing this path. Graduates can step into various dynamic and high-paying roles. The starting salary after MBA in Finance typically ranges from  INR 6 to INR 15 LPA, with significant potential for growth depending on the role and industry. With the finance industry's rapid expansion, an MBA in Finance offers a promising future for aspirants wanting to pursue this path.

Reach out to us to start your MBA in Finance journey: https://www.jainuniversity.ac.in/enquiry

FAQs

Q1. What to do after an MBA in Finance?

A1. After an MBA in finance, graduates can pursue careers in finance-related fields, explore entrepreneurship, or pursue certifications like CFA or FRM.

Q2. What jobs can I get with an MBA in Finance?

A2. Top job opportunities after MBA in Finance include:

1. Financial analyst
2. Credit risk manager
3. Investment banker
4. Corporate finance manager
5. Portfolio manager
6. Risk manager
7. Financial planner
8. Credit analyst
9. Wealth manager
10. Consultant and more.

Q3. What is the average salary of an MBA in finance?

A3:  The average salary after an MBA in finance is around 6 to 15 LPA.

Q4. What is the scope of an MBA in finance?

A4.The scope for MBA in finance is ever-increasing with rapid expansion in the banking and financial services sector. Graduates are in demand for roles in investment banking, corporate finance and asset management. The average salaries of MBA in Finance graduates start with 6-15 Lakhs per annum.