MBA in Finance - Scope In India

MBA in finance prepares students for careers in financial planning, banking, corporate finance, accounting, the individual can additionally work in various fields such as taxation, investment portfolio management, taxation planning, asset and liability finance, hedge fund management, international finance or insurance management.

MBA in Finance programme provides knowledge and trains a student on management, control, and review of the collection, investment and resources of money of an organisation. This specialisation of Masters of Business Administration (MBA) opens up various opportunities for students in the financial world, learn to analyse the company's reports, forecast economic trends, how to maximize the stock values, balance risk and profitability, and at last investment portfolio management.

Career Prospects for MBA in Finance

MBA in finance prepares students for careers in financial planning, banking, corporate finance, accounting, the individual can additionally work in various fields such as taxation, investment portfolio management, taxation planning, asset and liability finance, hedge fund management, international finance or insurance management.

Skills required

The standard MBA skills are definitely required for an MBA student in Finance such as Leadership skills, teamwork, problem solving and analytical skills, initiative, interpersonal skills, communication skills, and many other skills. There are few functional-specific skills based on the key functions:

Corporate finance will require the below-mentioned skillset:

Quantitative skills

Basic understanding of accounting and financial management principles

Ability to interpret numbers and draw conclusions from the results.

Ability to handle a wide variety of tasks

Investment banking will require the below-mentioned skills set:

Strong quantitative and financial skills	Ability to perform well under pressure
Team player	Aggressiveness, strong internal motivation, and ambition
Ability to analyse detailed information - suggest and formulate recommendations quickly	Ability to synthesise an enormous amount of data into small manageable chunks
Handle multiple tasks and the ability to take criticism lightly	Submit the reports to the top management

Roles Offered to MBA in Finance

An MBA in finance can work in banking and non-banking sectors and the individual can work anywhere in the corporate world. Every organisation has a finance department and requires a financial expert for maintaining the balance of capital. The skilled finance students can be part of the stock market, top-notch organisation, finance ministry or related organizations.

Here is the list of roles, the individual can opt for any role in a particular industry:

Position	Job Description
Asset Management	The primary responsibility in determining the feasibility of assets acquisition and presenting the supporting reports to upper management or board of members of the organization.
Corporate Finance	The responsibility for identifying and securing privatization, acquisition and merger deals, investing large monetary funds, and buying and selling financial products for their clients.
Corporate Banking	The primary responsibilities include: discussing with the corporate and personal customers about their financial requirements and providing appropriate financial advice. It also includes advising corporate clients about acquisitions, capital markets, or mergers.
Credit Risk Management	The role includes the formation and implementation of policies and procedures that reduce credit risk for a financial institution - oversees the preparation of performance reports for management. The individual manages the building of financial models to predict credit risk exposure to the organization.
Derivatives Structuring	The primary responsibility is to work on derivative trading, modelling, and structuring related issues.
Hedge Fund Management	The main responsibility includes assisting individuals with managing the hedge fund investments - it includes investment objectives, fee structures, and liquidity provisions.
Treasury	The treasurer position is responsible for corporate liquidity, risk management, and investments related to the company's financial activities.
Private Equity	The primary responsibility is to work with investment banks, mergers, acquisitions or equities divisions of a company - they are responsible to raise money from banks, high net worth individuals and private firms.

Top B-Schools in India

The following are the most popular MBA in Finance colleges in India. The students clearing an MBA in Finance from the reputed institutes has an excellent scope in India.

Right Approach To Build Your Career In Finance

The graduates have immense job opportunities in the private and government sectors - they can also work in the stock market or any finance-related organizations - anyone with deep finance knowledge can also run their own business independently. It goes without saying that MBA in finance scope is vast across the Globe, there are many reputed institutes that offer international finance programs as well.

The right approach to build your career in Finance is you can start planning for the career right from the higher secondary schooling, you can opt for the bachelor's finance course, or you can opt for the courses like CA, and start preparing for your MBA entrance exam during the last year of your bachelor program.

If you are a qualified CA and then pursuing MBA programme in finance then you will be fully skilled to head the finance team, as you will have deep finance knowledge plus management skills.

Top Companies Hiring MBA in Finance

The top recruiters for MBA finance are:

Goldman Sachs	Boston Consulting Group	McKinsey
Morgan Stanley	JP Morgan	Lehman Brothers
Merrill Lynch	Barclays	KPMG
Bain & Co	Deutsche Bank	Deloitte

Salary Bandwith

For your easy reference, we have the list of average salary offered to the respective positions:

Position	*Average Salary (in Rs LPA)**
Financial Analyst	3.63
Corporate Finance	6.09
Assistant Vice President - Corporate Banking	19.26
Credit Risk Management	11
Derivatives Structuring	9.24
Portfolio Manager	11.35
Treasury Manager	9

All about scope in MBA in Finance