Find out why MBA in finance is such a popular choice among students. Also, take a look at the MBA Finance career options, skills required and salary graph!
MBA in Finance is one of the most coveted specializations in Finance; ample numbers of students are looking to make their career in the finance field. The reason behind this magnetism of finance is the career options offered by this specialization. An MBA Finance degree is a two years program imparts knowledge in the subjects like Investment Management, Taxation and Tax Planning, Corporate Valuation, International Finance, Management Control System, Insurance Management, Financial Statement Reporting and Analysis and Management of Financial Services.
Career Options
- Financial Managers orFinancial Analysts
- Accounting Managers
- Corporate Controllers
- Chief Financial Officers
- Treasurers and Finance Officers
- Cash Managers
- Risk and Insurance Managers
- Management Consultants
- Investment Bankers
- Investment Banking Associates
- Investment Sales Associates and Traders
- Credit Managers and Specialists
Career Prospects
Growth prospects and opportunities to climb up the ladder abound in the area of finance. You can look out for exciting careers in banks, financial consultancies and financial institutions. One can get involved in consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance. Years of experience in this area can also lead you to serve on government committees and contribute significantly to policy-making issues. One can also end up providing consultancy services to corporate and government organizations.
Payoff
The pay mainly depends on the kind of business school you graduate from. Finance MBA degree holders have traditionally been known to get the creamiest placement offers from the top companies of the country. Tier-1 colleges like the IIMs see students get placed with offers hovering around Rs 10-15 lakh a year. Those who work as financial analysts start off with a minimum package of Rs 4 lakh a year. Credit analysts start at Rs 5-6 lakh per annum and earn as much as Rs 20-30 lakh per annum once they reach senior level positions. Management consultants too start at Rs 5-8 lakh and within a few years earn as much as Rs 10-15 lakh per annum.
Skills
- Have extremely high analytical ability
- A love for playing with numbers and balance sheets
- Not minding being at the back end, crunching numbers