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Career After MBA in Finance

MBA in Finance

Wondering about why to do an MBA in Finance? To understand this, you first need to know the importance of finance. Well, Finance is necessary for taking your business venture at the peak. From the working capital needs to the fixed capital needs, a business requires finance. It is an inseparable part of the economy and industry. To manage this crucial part, which can decide your future, you need excellent management skills.

CAREER AFTER MBA IN FINANCE

Management in business administration (MBA) in Finance provides the scope in various industries such as banking, real estate, corporate controllers, insurance and risk managers, etc. Inculcating expert finance skills is not easy, but an MBA in Finance will make this path easier for you by providing the required knowledge. 

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In a year, lakhs of students apply for an MBA in Finance. The competition is huge, but the career after MBA in Finance is bright. In the 2-year program, a student learns many things, such as:

  • How to manage the finance of any sector
  • Where and How to Invest
  • How to control and review the finance
  • What are the resources of capital

Thought of starting a new business or expanding the existing business regularly prompts in the minds of people, and the prime way to start or expand it is through FINANCE. People need finance whether in small or large quantities to establish an organization, and this widens the scope of career opportunities after an MBA in Finance. Also, after gaining work experience, the student of MBA in Finance can join government committees and work on policy-making. 

In all, there are multiple-bright career opportunities after MBA in Finance. 

Benefits of MBA in Finance

MBA in Finance comes with various benefits, and those can definitely boost your career prospects. 

  • Opportunities to join as an intern trainee or finance manager in different companies. 
  • You will not only learn about finance but also about business working, which can be really important for a successful career. 
  • You can indulge in investment activities or join an organization for preparing their financial reports and strategies.
  • From the foundations laid in the MBA in Finance, you can ace both theoretical and practical aspects of finance. These foundations will help you to know about investment strategies, insurance risk, mergers and acquisitions, corporate risks, and economy running. 
  • You can further do research studies and publish papers to improve the existing financial structure of the economy and company. 
  • There is a lot to learn about the core theory of leadership, marketing, strategies, and economics. 
  • You will learn about general business working and how to manage its finance, investment, and banking. 

Jobs After MBA in Finance

MBA in Finance provides you with plenty of job opportunities, whether in the private or public sector, and the baking or non-banking sector. 

Want to know about the profiles available so that you can have a clear vision about a career after MBA in Finance? Read on:

Accounting Manager

Career after MBA in Finance Accounting Manager

After doing an MBA in Finance, accounting will become one of your strong points. The fresher’s salary varies between 5 to 7 LPA, and the responsibilities include:

  • Analyze the financial status of the organization by collecting, verifying, and reporting the data in a systematic format
  • Accomplish the accounting objectives by monitoring the revenue, expenses, and consolidation. 
  • Control the various expenditures and analyze it to benefit the company.
  • Supervise accounting operations and take corrective actions in time. 
  • Establish internal controls to monitor financial security.
  • Maintain proper data of accounting records with the help of charts and excel sheets.
  • Establish the accounting policies and procedures to give a clear vision to the employees working under the accounting manager.

For grabbing the post of accounting manager at your dream company, you must excel at:

  • Creating budgets
  • Meeting legal requirements
  • Accounting and research
  • SFAS rules and regulations
  • Managing skills

Apart from the above-mentioned skills, you should also have a work experience of 5 to 10 years in accounting or finance. 

Corporate Controllers

Career after MBA in Finance Corporate controllers

If you love to supervise or manage, then a corporate controller job is the best fit for you. In the MBA in Finance program, you learn about all the ins and outs of finance in two years. The knowledge of accounting payables, payrolls, budget preparations, etc., will help you to successfully complete the job responsibilities. The prime things you have to do are:

  • Preparing annual budgets and work papers to support the annual tax payment. 
  • Monitor the journal entries every month.
  • Prepare the cash flow statements and semi-monthly payroll.
  • Record and monitor the transactions that are directly related to funds, securities, and overnight funds. 

The candidate should possess good GAAP and financial reporting technical skills. Apart from that, they should have experience of over five years in the accounting or finance sector. Their past work experience should include:

  • Manage the accountants and review the finance processes. 
  • Should have worked in both private and public accounting companies.

Cash Manager

Career_after_MBA_in_Finance_Cash_Managers

A cash manager is supposed to manage the effective collection of revenues and payments. They should develop a good channel to comply with policies and regulations. A cash manager’s main responsibilities include:

  • Regularly manage cash operations such as reviewing daily cash administrations of current accounts and improving bank relations.
  • Help in financial reporting and project assignments.
  • Supervise the treasure analysts and control the cash applications and disbursement. 
  • Investigate cash operations and prepare the cash flow statements.

For becoming a cash manager, the candidate must have 5 to 8 years of experience in accounts or finance. They should know about the bank cash management system, with an excellent background in Treasury. 

Hedge Fund Management

Career after MBA in Finance Hedge Fund Managers

Hedge funds managers guide individuals to manage their hedge funds and financial investments. They usually work full-time with financial and investment companies to guide different clients. The candidate should possess good critical thinking, communication, and managerial skills. The prime responsibilities of a hedge fund manager include:

  • Predict investment risk and assist in investment decisions.
  • Analyze investment reports and make the decision of buying or selling the stocks.
  • Convince potential investors to join the hedge fund.
  • Create a financial strategy and update the hedge fund members about the same. 
  • Comply with government rules and regulations.

The average salary of a beginner hedge fund manager is around 5LPA, but after getting some years of experience, they can earn more than 40LPA.

Finance Analyst/Manager

Career after MBA in Finance Financial Analyst

After acquiring a keen knowledge of finance, this is the best career after MBA in Finance. A finance analyst or manager needs to prepare financial statements, forecasts, and business activity reports. However, their prime duty is to monitor finance and review whether the legal requirements are met or not. 

Apart from the above-mentioned roles, a financial analyst needs to supervise members who are handling financial reports and budgets. They have to reduce costs by reviewing financial reports. Also, they have to find ways to maximize profits and expand the business.

The prime work of a financial analyst revolves around helping the management to make financial decisions. It is an executive job and requires you to handle the team while maximizing profits. 

Insurance and Risk Manager

Career after MBA in Finance Insurance and Risk management

MBA in Finance renders the expert knowledge of insurance and risk management. Every year this domain excites lakhs of students to pursue an MBA in Finance. Insurance and risk managers aim to identify the causes of accidents or losses and find ideas to avoid them. 

They also find out ways to minimize costs and implement their strategies effectively. Insurance and Risk management involves using skills and experience to identify the potential risk. They need to keep an eye on finance to avoid the deficiency of cash flows and work on the higher insurance rate for the company. 

Their prime responsibilities include:

  • Organize meetings with clients and stakeholders.
  • Handling loss control activities.
  • Create loss analysis and budgets
  • Organize risk awareness training sessions for the staff.
  • Implementing safety protocols and installing new and advanced equipment to maintain safety standards.
  • Visit the on-site jobs to assess the potential risks. 
  • Safeguard the company’s assets.

Chief Financial Officer (CFO)

Career_after_MBA_in_Finance_Chief_Financia_Officer

It is the most wanted job in the finance world. This high post job carries a huge compensation package. The prime responsibilities include planning, running, implementing, and evaluating the finance activities of the organization. A CFO interacts with both seniors and juniors. 

A CFO is responsible for:

  • Lead, direct, and manage the finance and accounting team.
  • Assist the CEO/president and members with detailed strategies. 
  • Plan short and long term financial goals.
  • Supervise financial forecasting and budgets.
  • Monitor financial reporting and develop relations with senior management, external partners, and stakeholders. 

To become a CFO, you have to be an expert in accounting, finance, or economics. 

Investment Bankers

Career_after_MBA_in_Finance_Investment_bankers

MBA in Finance gives a clear understanding about Mergers and Acquisitions (M&A). With these concepts, you can render the expert advice of M&A to the organizations. You can get hired for the special assignments, cross border M&A, and complicated merger and acquisition transactions.

The role includes helping the company with raid and activism defenses, roadshow and valuation presentations, preparing pitch books, and leveraged buyouts. Also, you need to manage spin-offs, joint ventures, and divestitures. 

Corporate Finance

Career after MBA in Finance Corporate Finance

For becoming corporate finance, the candidate should have advanced skills and experience in Merger and Acquisition (M&A). Corporate finance directly deals with monitoring and investing large monetary funds, M&A deals, and buying and selling financial products for clients. The prime responsibilities of corporate finance include:

  • Generate revenue from loans and shares.
  • Gather, Analyze, and Interpret the Financial Data.
  • Predict the financial risks and returns by assessing various financial reports.
  • Create an effective financial model.
  • Render Investment advice.
  • Prepare prospectus and legal documents.
  • Establish coordination among lawyers, accountants, regulatory bodies, and financial experts. 

Global Investment Research

Career_after_MBA_in_Finance_global_investment_research

With your gained knowledge of Financial Derivatives and Valuation in MBA in Finance, you can grab the position of Global Investment Research (GIR) in reputed firms. The profile requires you to give unique insights on currency, equity, commodities, and fixed markets. 

Firms such as Goldman Sachs provides students an opportunity to work with their research teams of equity, economics, credit, commodity, and strategy. This facilitates practical exposure and an excellent opportunity to get placed. 

The GIR responsibilities include writing reports on companies under coverage to develop financial modules. Conducting research, updating financial models, writing thematic pieces, attending conferences, and analyzing market trends are the prime responsibilities of the GIR Employee.

Credit Analysis Unit

Career_after_MBA_in_Finance_credit_analysis_unit

CIB (Corporate and Investment Bank): The credit Risk function of J.P.Morgan offers the position of Credit Analysis Unit (CAU) to MBA in Finance students with a great salary package. The responsibility involves working with in-country credit executives and bankers. 

The CAU independently prepares reports on the client’s credit risk analysis and rate grades based on the analysis. For grabbing this opportunity, an ideal candidate should possess the following things learned in the 2-year MBA in Finance Program.

  • Techniques and methods of accounting treatments, credit analysis, and financial adjustments.
  • How to track the credits and update the bankers about key developments of their clients and industries.
  • What are the ways to track sector developments and how to implement them?
  • You sometimes need to train the junior analyst of your team and supervise their performance.
  • How to develop ways to maintain clear and open communication channels with the bankers. 

Market Risk Management and Analysis (MRMA)

Career_after_MBA_in_Finance_Market_Risk_Management_and_Analysis

MBA in Finance prepares you to analyze market risks with various approaches. The MRMA post typically involves recommendations about policies and strategies of the market risk. The clear understanding of the Risk and Return concept will help you to grab the best opportunity at top firms such as Goldman Sachs. 

The prime responsibilities are to calculate, analyze, and report the current and potential market risk. With the detailed analysis of market risk, a detailed financial analysis of capital requirements is prepared. 

Centralized Research Group (CRG)

Career after MBA in Finance Centralized Research Group-min

If your strong area is M&A, then the CRG post is meant for you. J.P. Morgan Chase and Company is the reputed company that offers a high-salary package for this post. 

The prime responsibilities revolve around rendering expert Merge and Acquisition (M&A) advice. The candidate should possess an in-depth knowledge of cross border M&A, spin-offs, leveraged buyouts, and divestitures. 

At CRG Post, the candidate is required to render sell-side advice, organize special committees for the research, defense raid, and activism for the organization. The merger and acquisition transactions need to be managed wisely. There should be regular and updated pitch books and roadshow presentations. However, with the team, the CRG prepares valuation and investor presentations. 

Strategic Transaction Group

Career after MBA in Finance Strategic Transaction Group

The career after MBA in Finance is exponentially blooming as companies start opening different finance-related posts. One of them is Strategic Transaction Group (STG) offered by Goldman Sachs and HSBC. The post involves the following responsibilities:

  • Plan out the structure of transactions and implement it for financial institutions, corporates, and governments. Transactions can be of any type, such as mergers, divestitures, acquisitions, split-offs, spin-offs, and issues of debt or equity.
  • With the global-local, you have to do financial valuations that will directly support the team to perform effectively.
  • Work on pitch books and presentations with global investment banking professionals while respecting the teamwork.
  • Effectively organize the merger and acquisition assignments, financial restructuring, and divestitures. Also, provide financial solutions wherever required. 
  • Understand the requirements of clients, market, industry, and business environment. After analyzing the requirements, lay out a plan, and implement it successfully with the best strategies considering financial risks. 

To successfully perform the above-mentioned responsibilities, the candidate should know about the theoretical and practical implementation of M&A such as:

  • How to build, use, and analyze financial models, presentations, and pitches. 
  • How to know about new business opportunities?
  • What is the process of financial modeling, such as carry out, develop, and present?
  • How to pitch your report to senior bankers.

Finance Officers and Treasurers

Career after MBA in Finance Finance officer and treasurer

After doing an MBA in Finance, your finance game is definitely improved, and therefore, big organizations such as EY are always ready to hire you. With great future potential, you have to learn how to assess the market, analyze the business environment, and evaluate financial performance.  

The prime responsibility of the finance officer and treasurer is to analyze data, conduct primary and secondary research, build strategies, implement plans, and develop PowerPoint presentations. 

Recruiters expect you to have the following knowledge:

  • What is the capital structure?
  • The in-depth knowledge of corporate finance.
  • What is due diligence?
  • How many types of due diligence exist? (Operational, Asset, Corporate, Financial, IT, Organizational).

Restructuring

Career after MBA in Finance Restructuring

EY offers job opportunities in their restructuring departments to the candidates who have completed MBA in Finance. The roles of restructuring departments are:

  • Manage client service delivery
  • Build relationships and perform as a Trusted Business Advisor.
  • Handle Pricing, Billing, and Recovery of the company finances.
  • Analyze and manage the existing and potential risks.
  • Organize on-field work to manage independent business reviews in distressed and stressed situations.
  • Indulge in knowledge management.
  • Lead the operational restructuring and turnaround advisory engagements.
  • Understand the client’s needs and offer a solution to their financial queries.
  • Manage the high-level risk and provide the necessary inputs and strategies.

But you will get the position in the restructuring department only when you know:

  • The basic and advanced concepts of Restructuring
  • How many kinds of restructuring are possible? (Operational, Asset, Corporate, Financial, IT, Organizational).
  • The difference between restructuring and refinancing.

Career After MBA in Finance: Top Recruiters

The number of companies is directly proportional to the number of finance manager positions, and according to the ministry of corporate affairs, around 1 million new companies register every year. So, the scope automatically increases with every coming year. Here is the list of some top recruiters who frequently offer job opportunities to the MBA-Finance students. 

  1. Morgan Stanely
  2. Goldman Sach
  3. Bain & Company
  4. McKinsey and Company
  5. Merrill Lynch
  6. Lehman Brothers
  7. Boston Consulting Group
  8. HDFC
  9. JP Morgan Chase and Company
  10. KPMG
  11. Barclays
  12. State Bank Of India
  13. Deutsche Bank

Expected Salary in career after MBA in Finance

As we mentioned earlier, the career after MBA in Finance is really bright. With all the big roles, big salary packages come along. On average the annual salary of an MBA in Finance students varies from $48,000 to $1,70,000. However, in India, the annual package IIMs offers to its MBA in Finance students range from 10 to 15 lakhs. Below is the salary package in India of some specific financial domains:

  • Financial Analyst – 4 LPA
  • Credit Analyst – 5 to 6 LPA
  • Senior Credit Analyst – 20 to 30 LPA
  • Management Consultants – 5 to 8 LPA
  • Management Consultants (After some year of experience) – 10 to 15 LPA

Conclusion

Career prospects after MBA in Finance are bright because after learning how to analyze company reports, forecast economic trends, balance risk, and profitability, maximize stock value, etc., a candidate gains a vast amount of financial knowledge. They can either work for the nation or explore international boundaries and find the best fit for them. There are no limitations on salary because the better you perform, the more you earn. That being said, you are free to explore the different job opportunities after doing an MBA in Finance. 

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