The demand for MBA graduates is always high in the corporate and government sectors. MBA graduates are responsible for maintaining efficient functioning of an organization. Every year numerous MBA aspirants appear for the entrance tests like CAT, GMAT, etc.
Among the varying MBA courses, “Finance” is one of the most preferred courses amongst the aspirants. With an MBA in Finance graduate, numerous career options open up. In this article, some of the most noteworthy benefits and career options after MBA in Finance are discussed.
At first, it is important to know what MBA in Finance is and what skills are required to excel in this field.
What is MBA in Finance?
Similar to other MBA programmes, MBA in Finance is also a two years course. During the course, the individuals develop the skills of analytical thinking, managerial decision, maintaining a balance between risk & profitability, coordination process, etc. Later in the career field, individuals with a Finance degree will be responsible for handling the finances of the particular business.
Prerequisite Skills for Pursuing MBA in Finance
Before choosing MBA in Finance, one must understand what the field is all about and should have a self-analysis of the skills required in this field. Some of the most important skills that all individuals seeking to choose Finance are:
- A good mathematical background
- Good analytical skills
- Skills to be punctual, organized and systematic
- Computational skills
In the Finance course, students not only need managerial skills but also the aforementioned skills to be able to cope up with the course comfortably.
Career Options after MBA in Finance
A varying and prestigious job profile awaits the graduates with a degree in Finance. Some of the industries which require MBA in finance graduates are:
- Asset Management
- Derivatives Structuring
- Corporate Finance
- Corporate Banking
- Private Equity
- Credit Risk Management
- Hedge Fund Management
A few job roles along with their average salary are given below in the table.
|Job Role||Average Salary (in Rupees)|
|Financial Analyst||3.5 l.p.a|
|Sr. Financial Analysts||5 l.p.a|
|Research Analysts||3.5 l.p.a|
|Business Analysts||4.5 L.p.a|
|Asst. Finance Manager||5.5 l.p.a|
|Finance Manager||9 l.p.a|
|Chief Financial Officer||35 l.p.a|
|Credit Managers & Specialists||4.5 l.p.a|
|Insurance & Risk Managers||9.5 l.p.a|
|Investment Bankers||8 l.p.a|
These were just a few job roles that Finance students take up after their MBA course. To pursue MBA in Finance, individuals need to join any of the top colleges and develop the required skills properly. So, it is important that individuals appear for the CAT exam or other similar MBA entrance exams and achieve a decent score to be able to get shortlisted in any of the top B-schools in India.
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