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

Tiyasa Khanra
Tiyasa KhanraUpdated On: September 26, 2022 11:58 am IST

MBA in Finance is a popular course option among management aspirants. Read the article to know the benefits of pursuing an MBA Finance course and the career opportunities it offers.

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:

Financial Management

Strategic Financial Management

Global Financial Management

Managerial Economics

Management Accounting

Financial Derivatives

Accounting for Managers

Project Management

Mergers & Acquisitions

Operations Research & Management

Merchant Banking & Financial Services

Security Analysis & Portfolio Management

Direct and Indirect Taxation

Investment Strategies

Local and Global Economics

Insurance and Corporate Risk

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:

Top Recruiters

Estimated Salary

McKinsey & Co.

Rs. 22-24 LPA

Goldman Sachs

Rs. 30-35 LPA

Boston Consulting

Rs. 20-35 LPA

Morgan Stanley

Rs. 20-30 LPA

Bai & Company

Rs. 22-26 LPA

Barclays

Rs. 20-25 LPA

HDFC Bank

Rs. 8-10 LPA

KPMG

Rs. 16-20 LPA

National Bank of India

Rs. 6-10 LPA

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:

Job Position

Job Description

Annual Salary

Investment Banker

They are investment professionals who support institutional clients in tasks like capital raising and mergers and acquisitions. They gain funds for the business from other potential shareholders, help manage bonds and securities, and support risk management for private wealth.

Rs. 25-50 LPA

Financial Manager

Their common responsibilities include producing accurate financial reports and information, developing cash flow statements, projecting profit, managing credit, providing advice in making financial decisions, directing investments, making financial forecasts, budgeting, etc.

Rs. 13 LPA

Accounting Manager

They are responsible for overseeing the accounting team, which is in charge of payroll, billing, collections, and budget preparation. They also conduct performance reviews on the accounting and financial employees after hiring and recruiting them. 

Rs. 6 LPA

Financial Analyst

They are in charge of predicting the company's future performance and assessing financial statements. This may involve making future revenue and expense forecasts, budgeting, and modeling the capital structure.

Rs. 9.9 LPA

Chief Financial Officer (CFO)

He is a senior executive in charge of overseeing a company's financial operations. The chief financial officer's responsibilities include monitoring cash flow, budgeting the company's finances, identifying its financial strengths and shortcomings, and making recommendations for improvement.

Rs. 40 LPA

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. 

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