An MBA in Finance grad has ample of opportunities waiting around, all he needs to do is grab it. All of this because of the diverse skill set he possesses. There are thrilling careers in financial consultancies, financial institutions, and banks. To be more specific, you can get into fields like merchant banking, investment, and consumer banking, international finance, corporate finance, and institutional finance. Once you build up your work experience then you can serve on government committees and add your inputs to the policy-making issues. You can also provide consultation services to government and corporate organizations.
Students earning an MBA in Finance open up a multitude of business doors, depending on their chosen specialty. Salaries and options depend on where the graduate goes to work and what line of financial management they choose to follow.
Financial knowledge is a key component in many aspects of the business world. For this reason, a background in finance can open a number of doors for employment options. The range of careers open to graduates with an MBA in Finance comes with a corresponding range of potential salaries. Options range from analytical to executive roles.
Jobs after MBA in Finance
- Business Finance – entry-level positions in a credit or treasurer’s division where employees may analyze credit applications, support in the management of bill collections, manage cash & short-term investments, prepare budgets, and handle bank relations
- Financial Institutions – Graduates joining commercial banks may train in various departments for 6-12 months until they begin positions in lending, branch supervision, operations, internal auditing, trusts, and investments
- Investments – Security analysis and investment portfolio management. Experience is usually necessary
- Insurance and Risk Management – Entry-level positions in areas of management training, claims adjustment, underwriting, credit management, and sales. Careers extend into employee benefits, managing exposure to financial risk, reinsurance
- Personal Financial Planning – Graduates work for an independent financial planning company or a regional branch of a national financial services company, providing services in the areas of investment, insurance, tax, retirement, and estate planning
Finance Careers after MBA Finance in Private Sector:
Obviously beyond the public sector, the finance careers in the private sector are more lucrative as the private sector, obviously is more dynamic and offers a lot larger salaries to the students of finance. Because this sector grows faster than the public sector, the chances of exciting opportunities are more. Some of the posts that are available for students at the entry level are:
- Credit Risk Management Analyst
- Financial Research Analyst
- Financial/Securities/Investments Analyst
- Personal Financial Adviser
- Portfolio Manager
Pay Scale Provided in MBA Finance:
Let’s talk about the money, majorly the pay scale depends on the business school from where you are graduated. The greater the reputation of the b-school, better the pay package, also the financial guys have always got the creamier pay package even better than the marketing guys. Tier 1 colleges that include Top MBA colleges in India like IIMs and the likes provide financial students with placements at an average of 10 – 15 lakhs p.a., quite a wealthy salary for a fresher.
If you have work experience and want to pursue a masters in management course in finance then an MBA at N.L. Dalmia is the right fit for you. It’s a 2 year MBA course and inculcates all of the teachings one is expected to receive during an MBA. As the students are taught about the finer aspects of economics, banking, accounting and market structure etc in this MBA program, they will prove to be valuable for firms, especially firms in the banking sector. So if you’re thinking of pursuing an MBA in Finance, go for it, the future looks bright for you.
Also Read:
The Bloomberg Finance Lab Launched at N L Dalmia Campus Mumbai