One of the most preferred domains to work in after an MBA is the finance domain. Multiple sectors ranging from investment banking to rewarding jobs in commercial banking, Finance has become one of the most sought-after domains across B-school campuses. It is a domain which requires a student to possess multiple skills in mathematics, economics, and financial theory, all of which are covered in great detail in a finance degree, specialization or track. Courses focus on investments and investment strategies, global and domestic economics, mergers and acquisitions, financial theories, and corporate risk and insurance.
MBA in Finance places a special focus on various financial analysis. During the curriculum during the MBA, students are exposed to various scenarios, including management simulations, teamwork projects, traditional lectures, and role-plays.
Graduates will have multiple opportunities in various financial organisations. MBA in Finance also helps the graduates to work in different fintech startups. Also, the degree programme offers opportunities to work in other fields, such as investment banking, hedge fund management, financial statement reporting and analysis, wealth management, credit analysis, insurance management and international finance.
The placement opportunities in MBA in finance are pretty good. Excellent career opportunities are there in various investment banking firms, financial institutions and banks. One can get into relevant jobs in various sectors like insurance, wealth management etc.
The pay scale depends on the B school from where one has graduated but one’s degree of knowledge in finance will be the deciding factor. Even students from cluster II or cluster III B-schools can get lucrative packages if one has sound knowledge about the subjects and an all-rounder. The average salary ranges normally from Rs 6.5 to 30.05 lakhs in Tier I and Tier II b-schools depending on the multiple factors like faculty, placements, accreditation of that school.
Considering the top 5 colleges in Finance domain, IIM-C, IIM-A, IIM-B, FMS, JBIMS are the ones which offer very good opportunities
IIM Calcutta is the pioneer institution among all the B schools in the country. It is also known as the Mecca of Finance. Professors at IIM-C are known for their excellent research work and in-depth consultation in banking and financial services. Accounting and Finance are the most well-taught topics and the faculty members are known for their industry knowledge. It also has a famous finance lab where the day to day business analytics is discussed. IIM-Calcutta also has access to a Bloomberg terminal, which provides access to real-time national and international financial data, market information. Since it’s the best college for finance, it attracts the best companies for placement and since the best companies come for placement, it attracts the best talent pool. The placement details for the year 2020 are shown below.
Placement highlights for the batch 2020-
The students at IIM-C were placed across multiple sectors. And around 15% of the batch was offered roles in Finance. The below details show the details of the salary for the batch of 2020.
The top recruiters included McKinsey & Co., Bain & Co., BCG, PwC, Kearney, Accenture, Barclays, Goldman Sachs, JP Morgan Chase, Bank of America Merrill Lynch, and Gaja Capital which offered various roles in the Finance domain.
The students were offered multiple roles in Finance, Sales and Marketing, Supply Chain, Operations, Commodity Trading, Project Management, and Consulting.
The cluster-cohort system is unique to IIM-A. This system gives the flexibility for a student to opt for a company based on the role offered. The newly designed dream applications process at IIM-A allows a student to sit for five more companies after securing an offer. The cluster-cohort system helps the recruiters in fairly conducting the process and also helps in building a strong relationship between the college and recruiter community. The placement details for the year 2020 are shown below.
Placement highlights in 2020-
IIM Bangalore is one of the finest management schools in India and Asia according to several rankings.
IIM-B again came out with flying colours by attracting new recruiters along with the past recruiters this year. Diverse profiles were offered to the students which gave them flexibility in terms of industry and the role. The placement details for the year 2020 are shown below.
Faculty of Management Studies (FMS, Delhi) is one of the oldest B-Schools in the country, established in 1954 and is a part of this Central University. It is one of the premier MBA colleges in India which is on par with the IIMs. Excellent faculty, better ROI and excellent placement opportunities make FMS, New Delhi as one of the highest ROI B-schools of India. The placement details for the year 2020 are shown below.
FMS Delhi 2020 Highlights-
Students who take their majors in Finance will be going through various topics like financial accounting, corporate finance which will equip the students to understand investment strategies, local and global economics, mergers and acquisitions, corporate risk and insurance. After completing MBA in Finance multiple roles in different sectors are offered to the students during the campus placements.
Finance roles can be classified into 3 broad areas based on industry:
Banking Roles – Corporate Banking, Retail Banking, Investment Banking, Markets, Bank Treasury Management, Transaction Banking are some popular banking roles open to you
Corporate Finance Roles – Treasury Management, Finance Manager are some of the roles offered
Other Finance Roles – Analyst at the Rating agency, Credit Analyst, Relationship Manager, Risk Manager at a Financial Institution, Fund Manager at an Insurance company, Manager at a new-age Fin-Tech company like Wallets, SME Lending platforms
MRMA is also responsible for the calculation, financial analysis and reporting of market risk capital requirements for the firm and associated businesses.
MBA Finance candidate learns many subjects and it varies on the syllabus opted by the school as well as the students. The fundamental component for all the areas would be corporate finance which builds the base.
Some of the subjects/courses which will be focussing on the multiple concepts and areas of Finance are: –