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MBA in Finance Salary
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MBA in Finance Salary Overview
MBA in Finance salary can range between INR 3.5 lakhs and INR 15 lakhs per annum, depending upon the specific job post and the recruiter. The salary shall vary from one job profile to another. MBA in Finance course offers a wide range of career opportunities within the banking and financial sector. Significantly, the field of management with the highest salary is MBA in Finance and it has emerged as one of the most sought-after specializations in MBA today.
For students who have good Math skills and an interest in Accounting, MBA in Finance is a great option. Financial managers are expected to look after investments, stock prices, business reports, and such things in all sectors. In this context, a variety of MBA in Finance jobs are created for the sector, such as financial analysts, investment bankers, equity analysts, hedge fund managers, financial planners, etc.
Some of the top recruiters for MBA in Finance graduates include Adobe, Flipkart, Amazon, BCG, Goldman Sachs, Mckinsey & Co, Essar Group, Bain & Company, TAS, and TCS. One can find more about salary after MBA in Finance below.
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What is Average MBA in Finance Salary?
Financial management is a lucrative career path with potential for salary growth based on experience, qualifications, and location. An MBA in Finance can earn between INR 3LPA to INR 20LPA.
The MBA in Finance provides students with excellent employment opportunities upon completion of the course. Here is a list of positions for MBA in Finance graduates, along with their respective starting salaries:
| Jobs | Salary in INR |
|---|---|
| VP Finance | 32,10,000 |
| Chief Financial Officer | 34,46,000 |
| Finance Director | 35,86,000 |
| Corporate or Financial Controller | 30,44,000 |
| Financial Manager | 29.60,000 |
Salary of MBA in Finance Graduates in India: Job Role wise
MBA Finance opens doors to candidates for multiple opportunities in various domains of accounts and financial management. Below is a table outlining the different jobs after MBA in finance along with their salary per annum.
| Job Role | Average Salary (Per Annum) |
|---|---|
| Financial Analyst | INR 4.61 Lakhs |
| Relationship Manager | INR 4.45 lakhs |
| Account Manager | INR 6 lakhs |
| Bank Manager | INR 7.50 lakhs |
| Business Analyst | INR 7 lakhs |
| Finance Manager | INR 12 lakhs |
| Equity Research Analyst | INR 6 Lakhs |
| Research Analyst | INR 3.50 lakhs |
Institute-Wise Salary of MBA in Finance Graduates In India
Given below is the list of IIMs and the non-IIMs and the highest and average MBA in finance salary offered by them. Let us first look at IIMs.
MBA in Finance Salary in IIMs
| Name of IIM | Highest Salary | Average Salary |
|---|---|---|
| IIM Ahmedabad | INR 61.49 LPA | INR 27.54 LPA |
| IIM Bangalore | INR 80 LPA | INR 28.98 LPA |
| IIM Calcutta | INR 1.15 CPA | INR 34 LPA |
| IIM Lucknow | INR 58.00 LPA | INR 31.03 LPA |
| IIM Kozhikode | INR 67.02 LPA | INR 29.50 LPA |
| IIM Indore | INR 49.00 LPA | INR 25.01 LPA |
| IIM Shillong | INR 55.22 LPA | INR 23.10 LPA |
| IIM Rohtak | INR 32.00 LPA | INR 16.06 LPA |
| IIM Ranchi | INR 26.50 LPA | INR 15.02 LPA |
| IIM Ranchi | INR 42.15 LPA | INR 17.73 LPA |
| IIM Tiruchirappalli | INR 34.00 LPA | INR 17.01 LPA |
| IIM kashipur | INR 28.82 LPA | INR 15.21 LPA |
| IIM Vishakhapatnam | INR 31.60 LPA | INR 15.06 LPA |
| IIM Bodh Gaya | INR 30.50 LPA | INR 12.36 LPA |
| IIM Amritsar | INR 25.21 LPA | INR 14.63 LPA |
| IIM Sirmaur | INR 26.50 LPA | INR 12.74 LPA |
| IIM Sambalpur | INR 30.00 LPA | INR 12.64 LPA |
| IIM Jammu | INR 32.00 LPA | INR 13.53 LPA |
MBA in Finance Salary in Top Non-IIMs
The average placement MBA salaries for some of the top business schools in the country apart from IIMs are as follows:
| Name of the Institution | MBA Starting Salary |
|---|---|
| FMS Delhi | INR 21.1 LPA |
| MDI Gurgaon | INR 19.17 LPA |
| XLRI Jamshedpur | INR 20.1 LPA |
| SPJIMR Mumbai | INR 22.1 LPA |
| JBIMS Mumbai | INR 18.91 LPA |
| IIFT Delhi | INR 18.27 LPA |
Jobs after MBA in Finance: Government and Private
Students can apply for jobs in both government and private sector after completing MBA In finance in India. Some of these are as follows:
Government Jobs after MBA in Finance
| Job Profile | Salary |
|---|---|
| Bank Manager | INR 9.02LPA |
| Account Officer | INR 6.59LPA |
| Joint General Manager | INR 24.5LPA |
| Assistant Manager | INR 9.53LPA |
Private Jobs after MBA in Finance
| Job Profile | Salary |
|---|---|
| Analyst Developer | INR 9.40LPA |
| Senior Manager | INR 19.00LPA |
| Associate Consultant | INR 9.00PLA |
| Financial Analyst | INR 4.61LPA |
Top Recruiters for MBA in Finance Graduates
Given below is the list of the top recruiters of MBA in Finance:
Top Private Recruiters for MBA in Finance Graduates
| Morgan Stanley | Deloitte |
|---|---|
| KPMG | Mckinsey |
| Boston Consulting Group | Barclays |
| Goldman Sachs | Lehman Brothers |
| E & Y | Deutsche Bank |
Top Government Recruiters for MBA in Finance Graduates
| National Fertilizers Limited | Uttarakhand Jal Vidyut Nigam Limited |
|---|---|
| Karnataka Antibiotics and Pharmaceuticals Limited | NABARD |
| Regional Rural Banks | Indian Institute of Management |
| Rajkot Nagarik Sahakari Bank | Odisha Mining Corporation |
| Steel Authority of India | Oil and Natural Gas Corporation Ltd |
| State bank of India | Reserved bank of India |
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