Maximum number of MBA aspirants specialise in finance these days and this trend is because of the numerous possibilities that an MBA-Finance offers you as far as your career is concerned. An MBA-Finance will include apart from the usual compulsory courses there are courses in 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.
• Financial Managers or Financial 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
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.
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 an year. Those who work as financial analysts start off with a minimum package of Rs 4 lakh an 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.
• Have extremely high analytical ability
• A love for playing with numbers and balance sheets
• Not minding being at the back end, crunching numbers