Finance is one of the most desired specialization of MBA. A big community of students is attracted towards this specialization.
An MBA in Finance is a desired degree as a range of career options is available before graduates. When we hear the word ‘finance’, we think of banking. But no, just only banking is not the all for finance.
Probably, this is because the degree program provides an opportunity to the student to specialize in various fields such as international finance, investment management, taxation, tax planning, financial statement reporting and analysis, and insurance management.
The magic words “finance” and “management” open up career opportunities in various sectors including banking and financial services, investment banking, management consulting, insurance, wealth management, asset finance, and hedge fund management.
An MBA in Finance graduate has ample of opportunities waiting around; all he needs to do is utilize it. All of this because of the diverse skill set he possesses. There are thrilling careers in financial consultancies, financial institutions and banks.
To be more specific, one can get into fields like merchant banking, investment and consumer banking, international finance, corporate finance and institutional finance. Once you build up your work experience then you can serve on government committees and add your inputs to the policy-making issues.One can also provide consultation services to government and corporate organisations.
Jobs after MBA in Finance
• Accounting Manager
• Chief Financial Officers
• Cash Managers
• Manager Consultants
• Investment Banking Associates
• Credit Managers & Specialists
• Financial Analyst
• Corporate Controllers
• Finance Officers & Treasurers
• Insurance & Risk Managers
• Investment Bankers
• Investing Sales Traders & Associates
Corporate finance is about ensuring that funds are available for a company’s business activities. Finance professionals study and forecast economic trends, balance risk and profitability, analyze company reports and suggest improvements, take steps to maximize stock value, manage funds by choosing investment portfolios, and apply the principles of financial risk management.
The annual salary range in the US is $48,000 to $170,000. Popular companies include J. P. Morgan Chase & Co., Ernst & Young, Hewlett Packard, Citibank and General Electric.
In India, an MBA in Finance from the IIMs may command packages of Rs. 10-15 lakh a year. Financial analysts earn about Rs. 4 lakh a year at the start, credit analysts Rs. 5-6 lakh at the start to Rs. 20-30 lakh in senior-level posts, and management consultants Rs. 5-8 lakh and, in a few years, Rs. 10-15 lakh.
The field of Finance is wide and assures a nice career.
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