Why Pursuing an MBA in Finance Is a Lucrative Career Option?

The financial crisis is one of the significant problems in many countries and organizations. From large corporations to small-medium enterprises, every business relies on a qualified financial analyst with a professional degree like MBA in Finance. 

MBA Finance is one of the most sought-after professional courses in India by students interested in studying finance, analytics, and budgeting. It broadens one’s understanding of various aspects of finance and imparts knowledge of management, investment, control, and review of the collection and resources of money.

The career options one gets after completing an MBA Finance course are quite lucrative. Right after graduation, one can find opportunities to work as a financial analyst, accounting manager, investment banker, insurance and risk manager, budget analyst, and more.

If you are passionate about learning how to manage money and acquire it, an MBA in Finance can be perfect for you. To help you make the right choice, we have listed here top reasons why pursuing an MBA in Finance is a lucrative career option.

Why Study an MBA in Finance?

Students can consider pursuing an MBA finance course due to the following reasons:

• Every industry, including those in advertising, public relations, IT, education, consulting, and real estate, must keep track of cash flow, investment information, wage payment details, etc. Any business's master key is finance. A firm always needs money, whether it is launching a new venture, growing an existing business, or investing in the creation of new products. As a result, finance is seen as a never-ending sector since there can be no commerce without finance.

• According to Payscale.com, an MBA in Finance graduate makes significantly more money than those with other MBA specializations. The average salary of an MBA Finance graduate ranges from INR 7 LPA to INR 20 LPA. Additionally, the domain of  finance is huge. There are many different career options to choose from in both the public and private sectors, depending on your interests. Examples include risk manager, financial analyst, corporate banker, hedge fund manager, budgetary examiner, investment banker, and more.

• It covers a wide range of subjects that foster analytical and critical thinking, as well as broaden students' knowledge of marketing, statistics, and leadership techniques. Stock exchange analysis, business finance, risk management, investment banking, and finance management are typically covered in the curriculum. 

• Since the MBA Finance course is more practical in nature, it has been noticed that the graduates have significant networking resources. It entails cooperation with others, public interaction, and teamwork. As a result, interpersonal skills develop, positive relationships form, and powerful professional networks establish.

Skills Obtained by Pursuing MBA in Finance

Graduates in MBA Finance are most likely to gain the following skills:

• Analytical thinking
• Problem-solving
• Decision-making
• Detail-oriented
• Financial planning
• Budgeting
• Business intelligence
• Financial reporting
• Management of cash flows
• Modelling of financial transactions

MBA in Finance Curriculum

The MBA Finance curriculum encompasses examining corporate reports, maximizing stock value, analyzing and predicting economic trends, balancing risk and profitability, and selecting investment portfolios. Students receive training on how to put the principles of financial risk management into practice. The following subjects are included under MBA in Finance curriculum:

Scope of MBA in Finance

Even in difficult times, the scope of an MBA Finance is apparent, and it is anticipated to surge with the economy's recovery. An MBA Finance course ensures recovery by equipping finance professionals with the essential abilities. From the perspective of business management, subjects like management accounting, financial management, financial markets, and financial services lay the foundation of an MBA Finance course. The scope is growing as a result of the expanded usage of creative accounting, commodities derivatives, contemporary portfolio and investment analysis, merger, acquisition, and corporate restructuring as essential components of any corporate organization.

MBA in Finance Employment Areas

With the growth of the finance industry, there are also more employment prospects available. You can work with the following domains if you have an MBA with a focus on finance:

• Financial planning service providers
• Investment service providers
• Corporate management companies
• Brokerage firms
• Insurance companies
• Credit unions and private banks
• Financial intermediary companies
• Commercial and investment banks
• International financial management companies
• Personal financial planning for individuals and private organizations

MBA in Finance Top Recruiters

The top recruiting organizations for MBA Finance graduates along with the pay scale offered by them have been mentioned below:

Job Opportunities after MBA in Finance 

An MBA Finance prepares you for a variety of positions both inside and outside financial institutions. Some of the major employment opportunities that one can opt for are:

India's financial industry is expanding at a rate of roughly 8.5% yearly and is anticipated to grow even more rapidly. Also, with the government focusing on financial management for small-medium businesses, economic growth is predicted, which will open more career opportunities for finance experts. One can surely have great chances of securing steady and lucrative employment with an MBA in Finance.