In this age of industrialization, there is a great demand for active and skilled professionals who have a sound understanding of the Indian financial market trends, policies, and regulations. The increasing demand for finance professionals in the corporate world has magnified the need for MBA in finance. Before going for the program, understanding that between MBA or PGDM which has more value is vital.
Scope of MBA in Finance
Knowledge of finance is critical for the functioning of any business. Because of this, students coming from a finance background can look for employment opportunities in numerous areas pertaining to finance. The range of career options is massive and so is the range of potential salaries. Students can opt for a variety of roles depending on their interests. These roles may range from analytical to executive positions.
Career Options after MBA in Finance
A master’s degree or diploma specializing in finance opens career opportunities in various fields such as financial statement reporting & analysis, taxation, asset finance, tax planning, hedge fund management, investment banking, international finance, and insurance management. Finance is the life-blood of any organization and the Post Graduate Diploma in Financial Management aims to impart expertise to manage financial resources, analyze company reports, and apply the principles of financial risk management, business, and managerial skills.
Salary after an MBA in Finance
MBA in Finance graduates have an edge over others in the job market. Let’s have a look at the various job roles offered after MBA in Finance along with their starting salaries.
Jobs after MBA in Finance
|Starting Salary for MBA in Finance|
Masters of Business Administration in Finance Scope
Let’s explore the various finance degree career paths and scope of MBA in Finance.
1. Financial Analyst
A common career prospect among MBA in Finance graduates is that of a Financial Analyst. As a financial analyst, you have to carefully study marketplace trends, statistics and microeconomic factors to help the organizations make smart investments. You may also provide advice to businesses on issuing their own bonds, dividing stock and other areas of concern. As a financial analyst, you have to fully understand how and where the resources have invested.
- To perform financial forecasting, reporting, and operational metrics tracking
- To analyze financial data – and create business models for decision support
- To report on financial review and plan for regular management reviews
- To analyze past results, perform variation analysis, recognise trends, and make suggestions for improvements.
- To evaluate financial performance by comparing and analyzing actual results with plans and estimations.
- To guide price analysis method by establishing and implementing policies and procedures
2. Equity Analyst
An equity analyst work profile is quite common after a PGDM in Finance. As an equity analyst, you would oversee an organization’s investments, track their investment data and make recommendations to managers. You would analyze financial market trends, identify investments that hold good potential for returns and keep a track on the current investments. You may also may also, oversee finances in private funds, pension funds, charitable donations, and other types of investments.
- To analyse the trading of distinct organisations on stock exchanges.
- To maintain an extensive coverage list of companies and monitor their developments.
- To review statements on cash flow, income, balance sheets for domestic and foreign companies.
- To calculate financial ratios and perform exchange rate calculations.
- To develop, maintain and manage business contacts management levels and investment community peers.
- To develop financial models to reflect an organizations’ overall performance
3. Portfolio Manager
After an MBA in Finance, many students go on to pursue the role of a portfolio manager who is a financial expert responsible for investing money. A portfolio manager could handle financial products like mutual funds or even work as a client based advisor to manage investments and assets. He/she may seek to meet the client’s long-term investment goals or investments that recapitalize revenue to mitigate tax burdens and build capital.
- To manage client’s funds in accordance with their needs and direction.
- To hold the client’s funds with the utmost trust
- To transact in securities within the limitations set by the client and in accordance with the provision of the Reserve Bank of India Act, 1934.
- To not derive any direct/indirect benefit from the client’s funds or securities.
- To not pledge/lend the client’s securities on his behalf to a third party without the client’s permission.
- To attend to client’s complaints in a proper and timely manner.
4. Investment Banker
Many times when organizations, companies or even a government entity needs to raise capital, they turn towards an Investment Banker. An MBA in Finance graduate who opts for investment banking as a career option is required to examine an organization’s financial health, the need for the capital and financial goals. Only after that, they recommend an appropriate strategy to manifest. In simple terms, an investment banker at times become a go-between for the company looking to raise money and those looking to make financial investments.
- To develop and maintain a corporate, private, and government client base
- To research, analyse and interpret the latest trends of the financial industry
- To offer expert advice on investment tactics and methods
- To gather thorough knowledge of legal issues in the financial industry.
- To prepare legal and financial documents to complete purchases, investments and acquisations.
- To identify innovative business opportunities to help clients grow and expand.
5. Credit Manager
As a credit manager, an MBA in Finance graduate mainly focuses on accumulating money owed to the company, whether it be for some product or service. He also plays a major role in negotiating payment options to make them more manageable based on the client’s financial capabilities. Hence, a credit manager must have excellent communication skills as they are required to deal with company leaders and independent clients.
- To manage the company’s credits and accounts receivable
- To analyze and prepare reports about credits
- To measure and analyze the department performances and credit administrations
- To optimize credit management processes
- To maintain healthy relationships with collection agencies, insurance companies, sales department etc.
- To administer client credit files
Top recruiters for MBA Finance
Some of the companies that recruit MBA Finance graduates include:
|Ernst & Young||Goldman Sachs|
|Merrill Lynch||Bain & Co|
|Boston Consulting Group||Lehman Brothers|