Career in MBA Finance

Financial Management is concerned with the planning and controlling of the financial resources of an Industry. As a subject, Finance involves managing, controlling and reviewing the collection, investment and resources of the capital required, for an Industrial building or a plant.

Finance is one of the most sought-after specializations in MBA. Being one of the oldest disciplines of Management, a large percentage of students opt for this specialisation every year.

In this growing age of Industrialisation around the world, a lot of industries are being established in India. Hence, the need of Financial Managers has become a prerequisite for any Industry, so as to look after the Capital Management of the Company.

Career

Students with a degree in MBA in Finance, have a multitude of career options at their onset. The salaries and options depend on the place where the graduate works, and what line of Financial Management they choose to follow. The job profiles that open up for the degree holders, range from analytical to executive roles.

Finance Managers

As per the data from PayScale.com, from April, 2017, the majority of MBA graduates working as Finance Managers, on an average earned $65,715 to $124,011, annually. Professionals like Office Managers, equipped with a BBA degree, can make $50,000. To start with a median salary, an MBA professional can earn around $53,409, that can rise up to $83,675 in 9 years.

Financial Analysts

The Financial Analysts are reported to be amongst the lowest salary holders, possessing an MBA degree in Finance. Most of the Financial Analysts earn around $46,625 to $85,757, as per PayScale.com, April 2017. The Financial Analysts, technically do not require a Graduate degree. However, the average earnings of the degree holders of MBA in Finance, are noted to be higher than those holding a Bachelor’s degree in Business Administration in Finance. Analysts, advancing to the higher ranks of the Senior Analysts, mostly earn around $63,856 to $102,387.

Executive Officers

The Executive Officers, who are in charge of Finance, report higher earnings, with most of the Vice Presidents of Finance typically earning $99,026 to $220,04, along with the Chief Financial Officers earning $82,214 to $240,141, according to PayScale.com, April 2017. These jobs require a minimum of the Bachelor’s degree, however, the major majority of people holding these MBAs, are VPs and CFOs. The difference in the salaries just reflect the difference in the years of experience amongst employees. The CFOs might posses a median salary of $127,564, however with a substantial experience of about 20 years, they could earn around $288,451. Similarly, the Vice Presidents can make up a median salary of approximately $134,421, and after 20 years of experience, it can go to $260, 523.

Students studying MBA in Finance, can take up core areas like Corporate Finance, Analysis or Portfolio Strategies, Derivatives and also International Finance.

A specialisation in Investment Management, can prepare the students to take up jobs as Chief Financial Officers or Financial Managers, that concern with the company’s Internal Finances. Students are prepared to work as Financial Advisors for Investment or Commercial Banks, Consultancy Agencies, Security Traders, High-net-worth Individuals, Insurance, Accountancy, and Risk Management, if they take up a specialisation in Corporate Finance.

The degree holders of MBA in Finance, can work in both the private as well as the public sectors, in banking or non-banking sectors. They can be a part of the Stock Market, Finance Ministry, a Top-notch Organisation, or other related companies.

Other than the ones mentioned above, the candidate can acquire jobs with the following Designations:

  • Asset Management
  • Credit Risk Management
  • Hedge Fund Management
  • Treasury
  • Private Equity
  • Derivatives Structuring
  • Corporate Finance
  • Corporate Banking

An MBA in Finance degree has ample opportunities associated with itself, because of the diverse skill set, it requires.

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