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Want a lucrative career in Finance? MBA in Finance can be your stairway!!

by IBNS 15 Nov 2017, 08:52 am

Everybody is well aware of the fact that without finance, no business venture or project can survive. Starting from government projects to start-ups, finance has its impact everywhere. If we consider the current scenario of the market, every organization or company is trying to extract the maximum amount of profit.

Especially as the focus has now shifted towards developing more and more banks in the rural areas as well. This has opened enormous opportunities for MBA graduates with specializationslike finance, banking or insurance. As all these banks look for MBA and not just normal graduates to fill-up their vacancies.

In a nutshell, job titles available to an MBA in Finance include financial manager/analyst, credit analyst, accounting manager, risk, and insurance manager, treasurer, finance manager, cash manager, chief financial officer, VP (finance), and finance director.

Therefore, this is a fact that the scope of the financial sector is never-ending in nature. This is because, with the advent of money, it is necessary to learn how to preserve the same in a proper manner and for this, specialists are required in almost each and every domain.

One can search for a number of jobs in this field, apart from the usual existing jobs, due to the development of new organizations, the financial blocks of those sections are available as well. In this case, the MBA freshers who are specialized in this domain can expect a good salary as well as further opportunities to grab.

Career Scope after MBA in Finance

If any individual wants to work in the field of Finance, it is best for him or her to pursue an MBA in Finance. The candidates with MBA in Finance get well treated in financial advisory firms, start-ups, stock brokerage firms, mutual fund organizations and much more.

Apart from these, one can also opt for higher level jobs which will bring more money but for that, they need to crack an exam which is usually conducted by the Association of Mutual Funds in India. After passing this examination, the particular certificate can provide an access to better opportunities.

After MBA in Finance, you can look for these Jobs

After successfully completing this course, one can grab a bucket-full of good opportunities in the financial market of India. It is inevitable that he or she will be provided with a considerable amount of good salary.

The following job roles can properly suit an individual who has done an MBA in Finance:

Financial Analyst:The main job description of a financial analyst is to plan along with a financial planner to ensure that a particular investment is feasible in terms of future use. Associated work includes analysis of financial sector of any organization and giving proper financial suggestions to them.

A large number of job opportunities are available in insurance companies, mutual fund organizations, security firms and much more.

If we consider the salary package of this portfolio, then it can be concluded that the salary depends upon the skill set that one possesses, however, the starting salary may vary between INR 15000 to 40000.

Accounts and Finance Executive:The major job description includes supervision of a particular organization’s accounts and finance.

The average salary for this portfolio can be estimated as 2 lakhs per annum.

Equity Analyst:An equity analyst’s main job description deals with the analysis of financial models of various organizations. Also, with the analysis of stocks, records, and provision of neutral feedback about them.

The minimum salary which can be estimated for an equity analyst is given as 3lakhs per annum, with the development of experience, the salary package is subjected to rise.

 Research Analyst:The major job description of a research analyst includes market research, financial model analysis, and proper feedback mechanism.

The minimum salary which one can receive in this job is estimated to be more than 3lakhs per annum.

Financial Accountant:Since finance is an extremely dynamic domain, with the advent of changes in the society, this sector is also affected. The major job description of a financial accountant is also dynamic, it deals with tracking and analysis of financial statements which are directly related to the external stakeholders of any company or organization.

With a specialized degree in finance, one can grab job opportunities in the bank, private sectors, management firms and much more. The salary package in such cases is directly dependent upon the expertise of the individual involved.

Medical Business Associate:In this case, the major job description deals with auditing, consultancy, and advisory services to various medical related organizations.

The monthly salary for this portfolio may vary from INR26000and it can rise to a much higher value depending upon the skill set of the individual who is employed.

 Credit Analyst:Everyone is aware of the fact that the business revolving loan is a complicated one. Any human being who is applying for a loan in any kind of bank should be aware of the pros and cons of the loan taking procedure and also the consequences in case of any adverse situations. The person who is responsible for giving useful advises in this domain is termed as a Credit Analyst.

It can be well-understood that the demand of this job description is quite high in India and the average salary which one can expect is more than 2 lakhs per annum.

Equity Adviser:If we analyze the job prospects of this particular opportunity in India, then it can be concluded that there are ample opportunities present for any aspirant who desires to work in this field. Banks, mutual fund organizations, security firms are the major recruiters in this arena.

One can expect a minimum salary of 2 lakhs per annum if he or she is able to showcase his or her expertise in a proper manner.

For any individual who completes an MBA in Finance top recruiter in this domain in India are HDFC, State Bank of India, McKinsey, Lehman Brothers and much more. It is a fact that there is a bucket-full of opportunities and people possessing expertise can expect high salary package in the minimum duration of 5 years. So, an aspirant who wishes to make his/her career in finance should pursue an MBA degree in Finance from the most reputed institutes in India.