Financial crisis is a major concern for our country and businesses as well. All the companies depend on skilled and professional financial analysts to take care of all the finances. As the importance of an MBA in Finance increases, many finance courses are available to enhance finance and business knowledge.
With the Government of India’s focus on developing financial management for Small and Medium enterprises, there is a demand for finance professionals. There are many growth opportunities available with an increase in fintech companies and financial services marketing.
One question that might come to your head is what kind of jobs I will land up with after completing my MBA in Finance degree. Here in this post, we have answered questions that will come to your mind if you want t go for MBA in Finance.
What is MBA in Finance?
When we hear finance, the first thing that comes to your mind is banking, and to be clear, finance is not limited to banking.
An MBA in Finance is one of the oldest courses in the management program and has many opportunities to grow.
MBA in Finance is about handling, monitoring, evaluating, and saving funds while taking care of the capital assets and other essential industrial development, planning, and operating requirements.
Subjects covered during your MBA in Finance degree.
As mentioned, finance is not related to banking alone. If you opt for Finance as your specialization during your MBA program, you will cover business accounting, budgeting, costing, global accounting, equity and bonds, and working capital management. These subjects will help you to plan, strategize, and execute ways to solve all the financial problems that your company might face.
Most of the time, as an MBA Finance graduate, if you are attending interviews, the interviewer might ask questions like why did you choose Finance for your specialization?
The answer to this question is very simple- There is a financial crisis globally. So there is a rising demand for qualified financial analysts who can prepare and control fintech companies. Hence providing career opportunities for business and finance enthusiasts in the industry. Also, MBA in Finance is an important MBA program if I want to grow in the corporate financial world and is one of the most job-providing courses.
Career benefits For Finance Graduates
Finance aspirants gain skills and knowledge on finance and business domains aiming at career development.
- MBA with specialization in Finance provides knowledge on investment strategies, insurance, corporate risks, and global economics.
- Real-time finance, investment, and banking training.
- Two years of full-time and part-time MBA trains students in different finance subjects such as leadership, economics, marketing, strategy, and statistics.
Best career opportunities for MBA Finance
With an increase in the efforts to improve its economic position, there are many job opportunities for MBA in Finance graduates. Some of the job opportunities are:
- Investment Banking
- Merchant Banking
- Consulting
- Private Banking
- Risk Management
- Project Finance
- Asset Management
- Private Equity
Top Recruiters for MBA in Finance
Since many finance companies are being established, there is a need for finance graduates. So business schools in Chennai offer guaranteed placement opportunities for students who are pursuing MBA.
The best companies recruiting Finance graduates are Goldman Sachs, Morgan Stanley, Boston Consulting Group, Bain & Company, JP Morgan Chase & Co, McKinsey & Co, Barclays, KPMG, HDFC, Yes Bank, and many other financial institutions.
The list is huge!
Both the private and public companies recruit MBA in Finance graduates from time to time and advertise these job openings on different newspapers and online job portals.
Salary for MBA in Finance graduates
Talking about the commercials, Finance graduates are well-paid professionals. Anyone who is qualified and has all the skills needed can earn a salary of their choice. Your salary also depends on your previous work experience, qualifications, recruitment, and location.
The basic MBA in Finance salary in India is around Rs. 3-4 LPA., and increases based on your skills and experience.
If you are an expert in economics and finance stock, you are a suitable candidate for Investment Banking. For freshers, salary is on a commission basis. If you are a professional and working as a consultant, then you will get higher pay. An expert consultant salary ranges from Rs. Fifty lakhs to Rs. 1 crore per annum.
The best job profiles for MBA in Finance graduates
The high-paid and best job profiles for MBA Finance graduates are Financial advisors, Financial Managers, Financial Analysts, Budget Analysts, Financial Service Sales Agents, Investment Banker, Cash managers, Manager Consultants, CFO, Corporate Controller, and Accounting Manager.
Takeaway
Undoubtedly choosing Finance as a specialization in your MBA program can be a great choice. You have a lot of scope to grow in the market. Apart from the fact that there is a need for financial analysts, managers, and other professionals, these professionals are also highly-paid.
So why not start your career in finance if you are interested in business and finance?
Many business schools offer MBA in Finance. One such Business School in Chennai is the Avidus Academy of Management that provides two years of the extensive program in Finance for all the aspirants.
In our MBA in Finance program, students are offered the knowledge and skills of analytical thinking, continuous process, managerial decision, and balance between risk and profitability, coordination, and centralized nature.
About us
Avidus Academy of Management (AAM Business school), formed in 2011, is the best business school in Chennai. We offer two years of full-time and part-time MBA programs with a Marketing, Human Resource Management, Finance, Systems, and Operations specialization.
So what are you waiting for? Kickstart your career in business and finance with us at Avidus.