MBA in Finance: Benefits, Career Opportunities and Jobs

The financial crisis is one of the major concerns of every country and organization as well. All the companies are dependent on a skilled finance analyst with a professional degree. As the scope of MBA in FInance broadens, the course becomes one of the sought-after professional courses as it enhances one’s knowledge related to finance, and businesses, thus, enhances career prospects in finance.

With the focus of Government of India on the financial management for Small, Medium Enterprises the economic development is expected and so are the opportunities for the finance professionals in this area. Growth prospects in the area are visible with the emergence of fintech companies and improvements in the way marketing of financial services is being done with the ease and comfort of the customer.

Career Benefits of doing MBA in Finance

  1. The aspirant gains knowledge and skills of both finance and business domain opening doors for career development.
  2. One gains knowledge about the investment strategies, insurance and corporate risks, and local and global economics.
  3. One is exposed to training related to finance, investment and banking.
  4. Two-year MBA in Finance teaches important topics to aspirants including economics, leadership, strategy and marketing, and statistics.

Scope of MBA in Finance

Scope of MBA in Finance is prominently visible even during the tough times and is expected to boom with the economic recovery. Such MBA courses ensure the recovery by inculcating necessary skills in the finance professionals. For this recovery, participants in the financial system are crucial and essential, and must possess necessary skills. In the business management perspective, the foundation for finance specialization in MBA is laid by management accounting, financial management, financial markets and services. Now with the enhanced scope of creative accounting, commodity derivatives, modern portfolio and investment analysis, merger, acquisition and corporate restructuring and corporate governance as an integral part of the existence of any corporate entity, scope is expanding.

Top Job Opportunities for MBA in Finance

  • Investment Banking
  • Consulting
  • Merchant Banking
  • Risk Management
  • Private Banking
  • Asset Management
  • Project Finance
  • Private Equity/Venture Capital

New Job Opportunities for ‘MBA in Finance’ Graduates

Finance is an area with multi-disciplinary orientation being the life blood of an organization, whether it is small, medium or any big conglomerate and will remain the backbone of a business entity. It is true that the jobs which were in the past will not surely be there in the future. But the silver lining is that there are a number of new job opportunities in this area include:

  • Virtual financing
  • Financial analytics including risk analysis
  • Client profitability analytics or cash flow analytics
  • Trading firms, using the knowledge clubbed with technology

Now the new normal is the pace of change not the change alone, and as change is inevitable so are the new opportunities. This change needs finance professionals who have a multi-disciplinary approach in finance and are innovative in their thinking and approach

Top MBA in Finance Recruiters

  • Goldman Sachs
  • Morgan Stanley
  • Boston Consulting Group
  • Bain & Company
  • JP Morgan Chase & Co
  • McKinsey & Co.
  • Barclays
  • KPMG
  • State Bank of India
  • HDFC
  • Yes Bank
  • WNS
  • Reliance
  • IndusInd Bank
  • Capital IQ

Top Job Profiles for graduates with ‘MBA in Finance’

  • Financial Advisor
  • Financial Manager
  • Financial Analyst
  • Budget Analyst
  • Financial Services Sales Agent
  • Investment Bankers
  • Cash Managers
  • Manager Consultants
  • Chief Finance Officers
  • Corporate Controllers
  • Accounting Manager 

Written By:- Dr. Bhavesh Prakash Joshi, Professor, Faculty of Management Studies, MRIIRS