Finance is an integral part of the successful running of a company, be it small or big. It is one reason why the company thrives in the industry. To manage and execute the financial business, firms prefer hiring people with expertise in the field. This is where MBA Finance comes into view.
With acceptance in banking and non-banking sectors, MBA Finance is considered one of the most versatile PG degrees in the industry. It gives an insight into finance and also the broader areas like overall business operations.
There is a high demand for professionals with an MBA Finance degree as fresher and experienced personnel. The career prospects are astounding. The entry-level salary package roughly starts from INR 3 LPA and might reach as high as INR 20 LPA for an experienced candidate.
The best part about MBA Finance is that it has excellent value in the public sector, too, besides the private sector. Moreover, students planning to settle in a foreign land can find high-end job profiles in leading companies with lucrative packages. Let us elaborate more on the career prospects of MBA Finance and the benefits it poses.
Career Prospects of MBA Finance
MBA Finance as a course is very concentrated yet multi-faceted. The syllabus integrates Marketing, Economics, Supply Chain and Operations Management, Business Intelligence, Business law, Corporate governance, all of it under one roof. Hence, the job profiles are pretty assorted for an MBA in Finance. As an entry-level professional, designations are like:
- Financial Analyst
- Investment Banking Analyst
- Junior Tax Associate
- Financial Auditor
- Risk Assurance Analyst
- Compliance Analyst
- Financial Modeling Associate
For experienced job seekers, the designations are of a higher administrative level. They can ascend the corporate ladder and even be the Head of Finance. The job profiles are that of:
- Finance Manager
- Chief Financial Officer
- Senior Financial Analyst
- General Manager
- Senior Business Analyst
- Credit Manager
- Corporate Controller
Recruitment Sectors for MBA Finance
As said earlier, an MBA Finance graduate has great value in various sectors. Hiring is not limited to the financial institutions and banking sector only. It is necessary for the overall success of an organization, irrespective of the industry. Some of the most popular domains in which an MBA Finance gets hired include:
- Banking and Finance
- Investment Banking
- Private Equity
- Data Analytics
- Management Consultancy
- Financial Consultancy
- Credit Risk Management
- Treasury
Salary Package after MBA Finance
The pay package offered to an MBA Finance graduate is observed to be INR 6.78 LPA on average. The compensation, however, differs according to the industry of employment. Here is some data regarding the salary for various finance profiles.
| Job Role | Average (INR – LPA) | Entry-level (INR – LPA) | Experienced (INR – LPA) |
| Financial Analyst | 4.15 | 3.40 | 8.50 |
| Bank Manager | 7.90 | 5.85 | 9.62 |
| Business Analyst | 7.50 | 3.50 | 12 |
| Research Analyst | 3.87 | 3.05 | 8.14 |
| Finance Manager | 9.95 | 5.12 | 11.97 |
| Management Consultant | 11.79 | 6.46 | 19.5 |
| Investment Banker | 9.42 | 6.8 | 30 |
Public Sector Jobs for MBA Finance
Government sector jobs are famous for their security and financial stability guarantee. MBA Finance graduates looking for the same can opt to work in public sector undertakings. They are usually posted to high authoritative positions directly. The average salary is around INR 9.6 LPA approximately.
Listed below are some public sector organizations that actively appoint MBA Finance degree-holders. The job roles have been enlisted below.
- Food Corporation of India – Junior Manager
- Bharat Earth Movers Ltd. – Senior Manager (Finance & Accounts)
- AIIMS – General Manager
- National Housing Board – Assistant General Manager
- ONGC Petro Additions Ltd. (OPaL) – Chief Finance Officer
- Delhi Metro Rail Corporation – Specialist officer (Financial management)
- Indian Bank Association – Finance Manager
One must note that the public sector’s recruitment process is slightly different from the private sector. Candidates have to qualify for the recruitment exams & interview rounds before the final appointment. Official websites of the organizations are updated with the relevant information regarding such recruitments.
Private Sector Jobs for MBA Finance
Job-seekers equally favour private-sector jobs due to the lump sum salary offerings. Be it through placements or off-campus hiring, MBA Finance candidates can get into leading corporate houses.
- PricewaterhouseCoopers (PwC) – Financial Consultant
- Genpact – Finance Manager
- Accenture – Financial Planning Associate
- Standard Chartered Bank – Credit Manager
- HSBC – Relationship Manager
- Mahindra Logistics – Equity Research Analyst
- ICICI Bank – Accounts Manager
- Samsung – Financial Auditor
MBA Finance Job Prospects Abroad
The job prospects for an MBA Finance graduate in foreign countries are pretty good. Indian nationals can either complete their course in the country or move abroad & enroll in an MBA Finance course there. Like domestic MBA institutes accept CAT scores, international institutes rely on GMAT / GRE scores for admission to their MBA Finance program. Along with this, they have to take language proficiency tests like TOEFL or IELTS. Some institutes abroad grant admission to candidates with minimum work experience.
Lucrative MBA Finance jobs are available in foreign countries. A considerable portion of MBA Finance graduates choose to move abroad tempted by better job opportunities. Salary in the US, Australia or Singapore is much higher than in India. Famous locations chosen by MBA Finance grads include –
- US
- Canada
- Singapore
- New Zealand
- UK
- Australia
Let us take a look at the average salary offered, most popular job profiles and active recruiters in some of these countries.
US – Popular Job Roles, Recruiters and Average Salary
| Job Profile | Recruiters | Avg salary (USD) |
| Finance ManagerInvestment Banking AnalystOperations Manager | Disney Media, Facebook, Waymo, Kraft Heinz Company, JP Morgan Chase, Amazon | 71.55 |
Canada – Job Roles, Recruiters and Average Salary
| Job Profile | Recruiters | Avg salary (USD) |
| Finance AnalystInvestment AnalystTransaction Finance analystCompliance Analyst | Dyson, Ernst & Young, Deloitte, Novo Nordisk, Bank of America, Bell Canada | 50 |
Singapore – Job Roles, Recruiters and Average Salary
| Job Profile | Recruiters | Avg salary (USD) |
| Finance ConsultantFinOps ConsultantCorporate Finance Manager | EY, Morrison Low, KPMG, Consegna, Debbie Graham & Associates, Apple | 62.35 |
New Zealand – Job Roles, Recruiters and Average Salary
| Job Profile | Recruiters | Avg salary (USD) |
| Commercial Finance AnalystFactory AnalystFinance ConsultantBanking specialist | McKinsey digital, Microsoft, VMware, Nestle, Deloitte, Westpac | 47.61 |
Pursuing an MBA in Finance will indeed offer good returns in the future. An MBA in Finance can change one’s career for good. Candidates have the benefit of choice. They get to choose their desirable industry and job profile. The pay packages are huge both domestically and abroad.