A Comprehensive Guide On Scope of MBA in Finance In India
An MBA in finance is a highly sought-after degree in today’s competitive job market.
It is a popular course that provides students with an in-depth knowledge of financial management, investment analysis, and other financial practices.
The finance sector is one of the fastest-growing industries globally, and an MBA in finance scope helps students achieve ample job opportunities in this sector.
This blog will explore the scope of MBA in finance in India, including salaries and job opportunities.
The salary offered for an MBA in finance is attractive, as finance professionals are in high demand globally. The MBA in finance scope is vast in India, says the Glassdoor reports.
According to Glassdoor, the average salary for an MBA in finance ranges between ₹11,016 – ₹3,63,185 per year.
Of course, salaries can vary depending on factors such as location, experience, and the type of company you work for.
For example, an MBA in finance scope in working for a large investment bank can expect to earn a higher salary than one working for a small regional bank.
Also read: Outlook of Banking and Finance sector in 2023; An Innovative Guide!
There are many job opportunities for graduates when we speak about MBA in finance scope.
Some popular job roles in finance include financial managers, financial analysts, investment bankers, risk management professionals, and wealth managers.
Financial managers are responsible for the financial planning, management and control of a company’s resources.
In contrast, financial analysts support investment decisions by analyzing financial data and making recommendations. Investment bankers help companies and governments raise capital by underwriting securities.
Also read: Best 5 trends shaping the Banking & Finance industry in 2023
Risk management professionals help companies manage their financial risk, and wealth managers help individuals and families manage their financial portfolios.
Overall, MBA in finance scope has a wide range of job opportunities.
Most popular career paths for an MBA degree
There is a huge MBA in finance scope in India with various career paths after graduation. These include –
- Investment Banking: Investment bankers provide financial advice and services to clients, including mergers and acquisitions, debt and equity offerings, and other financial transactions.
Click here: For 100% Placement Assurance at Kotak Mahindra Bank, Union AMC, etc. Register Now!
- Financial Planning and Analysis: Financial planners help companies make decisions by analyzing financial data and forecasting future performance.
- Corporate Finance: Corporate finance professionals help companies raise capital, manage risk, and make investment decisions.
- Risk Management: Risk managers help companies identify, assess, and manage financial risks.
- Insurance: Insurance professionals help individuals and businesses protect themselves against financial losses.
- Asset Management: Asset managers invest and manage clients’ assets, including stocks, bonds, and other securities.
To widen your MBA in finance scope, you must be prepared to work hard, have an analytical mindset, and have an in-depth knowledge of financial management.
You can start your career with a salary that you can live off easily. As per a study by CareerBuilder, 1 out 4 employees are satisfied with their salary packages and would not want them to change.
So, if you want to earn more, count on your MBA in finance scope.
Click here: Work with top financial firms with Expertrons Post Graduate Certification Program in Banking & Finance (BFSI)
You Might Not Need A Degree; Can’t believe?
Many professionals like to work in their field without holding a degree. But this might not be possible for all professionals as some certifications or licenses are required to enter some fields.
For instance, if you want to work in banking or accounting, you need an MBA degree or an equivalent certification from a college or university.
This is because these fields require specialized knowledge and skills only taught through education programs like an MBA in finance scope.
Most people think having an MBA degree means better job opportunities than those who do not have one, but this is not entirely true.
Proper training or a professional certification program can be a perfect choice for students interested in spending their time on professional development rather than just focusing on degrees.
An MBA in finance is an excellent degree for those interested in a career in finance. This sector’s salary and job opportunities are quite attractive, and the demand for finance professionals is rapidly increasing 2x faster.
Whether interested in investment banking, financial planning, corporate finance, risk management, insurance, or asset management, an MBA in finance scope is not limited to any area.
With the demand for finance professionals increasing, the scope of MBA in finance in India also depends on the aspirants’ scores and background.
However, an MBA in finance is not the only best choice if your primary goals are domain upskilling and a high-paying job.
Instead, a certification course in the discipline helps you to gain insights & trends in the banking and finance domain.
Frequently Asked Questions
- What is the course duration?
MBA in finance is a 2 years program.
- What is the eligibility criteria for MBA in finance?
An aspirant must have 50-60% grades in their Bachelor’s degree to be eligible for this program.
- What are the major entrance exams for this program?
CAT, MAT, XAT
- What are the top hiring companies for MBA in finance graduates?
Top hiring companies include HSBC, HDFC, ICICI, Genpact, JP Morgan, Standard Chartered, Barclays etc.
Leave a Reply