Along with refining your Finance and entrepreneurial knowledge do you also want to master your management, strategizing, and leadership qualities? Then, you must go for an MBA in Finance! Taking the assorted opportunities that would come your way after you have completed the 1-2 years course, the extent of MBA in Finance is really wide with prominent job profiles on offering such as Investment Banker, Insurance and Risk Managers, Corporate Controller Manager Consultants amongst others.
Students have a great career in MBA finance. Students can become Financial advisors, Financial managers, Cash Managers, and many more. Many companies visited the campus to hire MBA in Finance students such as HDFC Bank, Yes Bank, Bain and Company, Capital IQ, and many more recruiters.
Let’s get into this and study the scope of MBA in Finance in deeper detail.
Why Pursue an MBA in Finance?
Going into real estate, banking, insurance and investment sectors, business, the course builds your foundation in the area of finance and economics through the elective subjects and comprehensive core. The syllabus of this highly regarded course goes around Investment Banking, the foundations of Finance, Market Trading and Operations, Global Economy, Stock Market Analysis, Risk Management, Bankruptcy and Corporate Finance.
Skillset
An MBA in Finance will enable the students to enhance the skills which are highly expected by the employers; from the freshers as well as students with work experience –
- Interpersonal skills – the student must have the ability to work with others and understand their requirements. It is also important to build professional relations with others.
- Time Management – This skill comes in handy for meeting the deadlines of projects.
- Business Understanding – Student must be able to understand how a business works for effective decision making.
Scope of MBA in Finance
Career Opportunities
The scope of MBA in Finance being one of the most popular fields of management, it also wide because of the fact that almost every other workspace corporate sector as well as the workplace in the government, needs well trained and professionals in the field of Accounting and Finance. Amongst the various other broad employment sectors in this feild, let’s take look kn some of the industries that hire Finance graduates :
- Financial Analyst
- Financial Advisor
- Credit Specialist
- Corporate Controller
- Investment Banker
- Chief Financial Officer
- Consultant
- Market Research Analyst
- Media Planner
- Internet Marketing Manager
- Accounting Manager
- Risk Manager
- Sales Manager
- Brand Manager
- Hedge Fund Manager
Financial Advisor
From the most profitable profiles in the huge scope of MBA in Finance is of a Financial Advisor. In this field, you will be dealing with the funds of your clients or the organisation you are working with. Along with this you will also have to advise on investments, risk management as well as other financial aspects. Furthermore, as a Financial Advisor, it is very important to go in pace with the market trends which will definitely help your clients make the right investment decisions on which service or products to make the correct investment in.
Investment Banker
Investment Banking is also a important part Or sector for MBA with Finance graduates. Investment Bankers work is to suggest Or advise their clients in raising monetary funds in capital markets through issuance of debts or by selling equity in different other companies. They play vital role in IPOs and guide the company with the best investment opportunities as well as for making decisions regarding Or related to the mergers and acquisitions.
Risk Manager
Now from the name itself we can have a rough idea about the work of a risk manager but let’s know about it a little more in brief. The main task of a Financial Risk Manager [FRM] is to analyse and locate all the risks and specially the potential risk which can unprecedentedly stand in between the progress of an organisation and act as a barrier to the progress. Furthermore, risk manager not only analyse the risk but also curate as well as bring policies to tackle these threats in an effective manner. Studying an MBA in Finance, you will get to know about all these in a deeper detail after which one can successfully pursue this extensive field.
Equity Analyst
When we talking about the scope of MBA in Finance, completing this list with out mentioning the profile of an Equity Analyst is just not possible. They are responsible for many important works like analysing the companies position in the stock markets, generating yearly projections using financial modelling and for conducting research. Being highly research-oriented, they evaluate both, sell – side securities as well as buy – side securities.
Hedge Fund Manager
Hedge Fund Investments are those who alternate investments which are created using pooled funds and use various different strategies to get an good active return for their investors. Hedge Fund Managers play a important part in fighting investment aims and objectives, fees, as well as liquidity provisions. MBA in Finance graduates looking for the profile of Hedge Fund Manager usually work in finance and investment companies.
Corporate Controller
Being a Corporate Controller, the duties will be like helping the accountant with the preparation of the monitoring financial reporting, operating budgets along with pursuing responsibilities which are regarding the payroll tasks. Corporate controller also outline critical budgeting schedules for a company and organization, they also set controls and budgets to handle, tackle risk and preparing periodic financial reports these are the major roles of a corporate controller.
Employment Areas
Going into the colossal scope of MBA in Finance through out several sectors, you can come across and explore an attire of career opportunities in various industries from retail and supply chains to well known financial organisations. Let’s look into the major employment areas that you must explore once you have completed your MBA in Finance:
- Investment Banking
- Hedge Fund Management
- Credit Risk Management
- Retail Banking
- Personal Finance
- Accounting
- Sales and Trading
- Brokerage
- Financial Advisory
- Insurance
This is not it yet, along with these there are other top sectors you can explore:
- Stock Markets
- Banks
- Mutual Funds
- International Banks
- Insurance Firms
- Equity Research Firms
- CRISIL
- Financial Markets
- Non-Banking Financial Companies (NBFCs) and many more
Scope of MBA in Finance:
Salary Packages
Deliberating the top hiring firms from all around the world that allow MBA in Finance degree holders, we can calculating the average yearly package offered we get around US$40,000 – US$180,000. Looking on the other side, when we look into the scope of MBA in Finance for those who have completed their degree in India after that their salary in India ranges between ₹3 lakh to ₹20 lakh per annum. Given below are some of the top recruiters both in India as well as abroad:
| Top Recruiters in India | Top Companies in the World |
| ICICI Bank | HDFC |
| Cognizant | Goldman Sachs |
| KPMG | State Bank of India |
| Accenture | Morgan Stanley |
| IBM | McKinsey |
| TCS | JP Morgan |
| Wipro | Lehman Brothers |
| Infosys | Barclays |
Higher Education After an MBA in Finance
Keeping the broad scope in mind, one can progress in this way and make an remarkably great career in Finance. Let’s have a look on some options which you can consider and have further broaden the scope of an MBA in Finance:
- There are plenty number of courses after MBA Finance that other than from adding to your qualifications can get you gain advanced knowledge, change careers and brush up your skills.
- If you are seriously into academics and want to pursue research, then pursuing a PhD in Finance after an MBA can be a good option for you.
- Furthermore, to enhance your horizon, you can also opt for certification programs such as the CA course, FRM, CCP, CPA, CFP and CFA course.
Top Universities for MBA Finance
Now in case you are planning to pursue an MBA in Finance course, then given below are some of the leading universities which you can consider.
- University of Pennsylvania
- University of Western Ontario
- London Business Schoo
- Peking University
- University of Toronto
- The University of Hong Kong
- Frankfurt School of Finance & Management
- Columbia University
- Harvard University
- INSEAD
- The University of Chicago
- New York University
- Georgia Institute of Technology
- Rutgers University
- University of Washington
- University of Minnesota
- Florida State University
- University of San Francisco
FAQs
✅What do they teach in MBA finance?
MBA Finance deals and teaches the essential skills such as leadership skills and business along with providing students with a complete understanding of Risk Management, Financial Management, Investment Banking, Hedge Fund Management, Treasury Management, and many more.
✅What is scope of MBA in finance?
There is a huge scope of MBA in Finance in India. MBA in Finance graduates can have a wide range of assured career opportunities in the public as well as private sector such as Investment Banker, Financial Advisor, Stock Trader, Equity Analyst, Hedge Fund Manager, and many more.
✅Is MBA in finance difficult?
MBA in Finance is regarded as a rigorous course as it mainly focuses on mathematical and statistical concepts pertaining to Financial Management to let students gain all the knowledge with a brief understanding of the Financial Industry and its various facets.
When we talk about making a career in commerce stream, the scope of MBA in Finance is extremely wide. If you have planned to pursue a highly demanding course but are confused about which university to go then I’m sure the information given here will definitely come in use.
