MBA Finance Jobs, Career, Job Sectors, Govt. Jobs, Salary 2020-2021

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Lubaba Shaheen

Content Writer | Updated on - Jul 31, 2021

What are the Major MBA Finance Job Sectors? 

MBA Finance is the most sought after MBA specialization because of its tremendous growth prospects in Banking, Financial Services & Insurance sector. 

Careers after MBA Finance degrees usually begin with roles in which the responsibility is majorly financial improvement within the specific firm that is hiring the candidate.

In India, an MBA Finance graduate from reputed B-schools can get a starting annual salary package of around INR 10 to 15 lakhs. Candidates from other institutes can earn a starting annual package of INR 4 to 6 lakhs. Mid-level professionals can earn an annual salary of INR 20 to 30 lakhs with a few years of working experience, whereas the payscale of senior-level professionals can go up to INR 35 to 50 lakhs annually.

Graduates of MBA Finance can land a job after placement from their college, or can find their own after going through the interview process.

The major employment areas can be:

Investment Banking Trading 
Taxation  Insurance 
Corporate Banking Financial Planning
Credit Risk Management Retail Banking
Equity Analyst Consultancies 

Students are not limited to these job sectors and may find relevant jobs in both government and private sectors. 

Source: Payscale

What are the MBA Finance Jobs in India?

What are the MBA Finance Jobs in India?

There are a number of managerial job positions that both a fresher and experienced professional can get after the MBA Finance course completion. It depends upon your capabilities, your college record, your skills, and your experience.

Therefore, students take their summer project and industry training very seriously to reflect what they have done in their CVs which helps them to get better job opportunities, across various sectors.

Below table lists some of the common jobs that an MBA Finance graduate can go for after getting ample training and gaining the required managerial and finance skills:

Job Position Top Recruiters Lowest Salary Highest Salary
Financial Analyst J.P. Morgan, NVIDIA, Genpact, etc. INR 3.14 LPA INR 11 LPA
Finance Manager Godrej, HDFC Bank, ICICI Lombard, etc. INR 5.11 LPA INR 12.05 LPA
Accounting Manager Amazon, Zomato, Sutherland Global Services Inc., Wipro, Genpact, HDFC Bank Pvt Ltd., HT Media Ltd., etc. INR 3.56 LPA INR 8.18 LPA
Chief Financial Officer (CFO) Meru, Vedanta Ltd., Easemytrip.com, etc. INR 10.24 LPA INR 45.77 LPA
Business Analyst TCS, Computer Sciences Corporation (CSC), Capgemini, Cognizant, Accenture, etc. INR 3.50 LPA INR 16.54 LPA
Management Consultant EY (Ernst & Young), Accenture, PWC, Deloitte, Infosys, KPMG, LLP, etc. INR 6.45 LPA INR 22.97 LPA
Operations Manager Zomato, PVR Ltd., Vodafone, Accenture, Ericsson Inc., HCL Technologies Ltd., WNS Global Services, etc. INR 3.66 LPA INR 12.27 LPA
Relationship Manager HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank Limited, Yes Bank, Standard Chartered Bank, etc. INR 4.26 LPA INR 8.06 LPA
Bank Manager SBI, Union Bank of India, UCO Bank, Axis Bank, HDFC Bank Pvt Ltd., ICICI Bank, etc. INR 6.14 LPA INR 10.08 LPA

Source: Payscale

MBA graduates can serve on government committees and add inputs to the policy-making issues after building up work experience of a few years.

Source: Payscale

MBA Finance Salary in Different Cities

The salary packages offered to MBA Finance graduates are affected by the work location. Bangalore being the IT capital is the highest paying city for MBA Finance graduates. Metropolitan cities with rapid economic growth like Delhi and Mumbai also offer good packages to MBA Finance graduates.

The city-wise break-up of MBA Finance salaries is listed below:

City Minimum Salary Maximum Salary
Bangalore  INR 2.5 lakhs INR 18 lakhs
Delhi  INR 2.3 lakhs INR 23 lakhs
Mumbai  INR 2.7 lakhs  INR 24 lakhs
Chennai  INR 2 lakhs INR 14 lakhs
Hyderabad  INR 2.1 lakhs INR 17 lakhs
Ahmedabad  INR 2 lakhs INR 9 lakhs
Vadodara  INR 1.8 lakhs INR 7 lakhs
Surat  INR 1.75 lakhs INR 4 lakhs
Kochi  INR 1.75 lakhs INR 14 lakhs
Patna  INR 2.5 lakhs INR 8.5 lakhs

Source: Quora

MBA Finance Govt. Jobs

MBA Finance Govt. Jobs

MBA graduates want to get into government jobs because of many reasons like respect, security, financial stability, and other benefits.

Below are mentioned some of the job positions that you can get after completing your MBA Finance course in reputed companies such as ONGC, NALCO, PESB, and other organizations:

Job Positions Average Salary
PR Assistant INR 4.81 LPA
Registrar INR 9.1 LPA
Consultant INR 9.81 LPA
Dept. Director INR 16.5 LPA
General Manager/ Deputy General Manager INR 12.6 LPA
Academic Associate INR 5.6 LPA
Secretary INR 6.0 LPA

Apart from the above-mentioned jobs, students can qualify some of the exams that esteemed organizations take in order to get employed under them in a variety of managerial positions and posts.

They can be called written tests which check their ability and logical reasoning. But most importantly, they should be able to impress the panelist in the GD and Personal Interview round.

Students can find many vacancy notifications on the official websites of different government or public sector companies or in the newspapers, in order to apply for these job positions.

MBA Finance Top Private Companies

MBA Finance Top Private Companies

There are many companies that hire MBA graduates for a variety of positions in their companies because of the skills they possess and their experience value. 

The following table lists the top companies that hire MBA Finance freshers and experienced professionals:

Company Salary
PWC INR 8.51 LPA
EY (Ernst & Young) INR 7.67 LPA
KPMG  INR 7.21 LPA
Deloitte  INR 7.66 LPA
Genpact INR 9.85 LPA
HSBC Bank INR 7.96 LPA
HDFC Bank INR 5.84 LPA
Standard Chartered Bank  INR 9.64 LPA
Capgemini INR 6.96 LPA
IBM India Pvt Ltd INR 5.62 LPA
J P Morgan Chase & Co INR 5.80 LPA
Accenture INR 7.31 LPA
TCS Ltd INR 6.82 LPA
Cognizant INR 7.23 LPA

Source: Payscale

MBA Finance: FAQs

MBA Finance: FAQs

Ques. What are the jobs after MBA Finance?

Ans. MBA Finance graduates can for various job options such as Accounting Manager, Chief Financial Officers, Cash Managers, Manager Consultants, Investment Banking Associates, Credit Managers & Specialists, Financial Analyst, Corporate Controllers, etc.

Ques. How can one get a job after MBA Finance?

Ans. MBA Finance graduates can get into relevant jobs in various broking, insurance, and mutual fund companies. One can also serve in government organizations after 5 to 8 years of experience. 

Ques. Does MBA Finance have good future scope?

Ans. The career opportunities after MBA Finance is quite rewarding and are in the form of asset management, financial advisory, retail banking, planning and taxation, accounting, equity analyst, risk management, business analyst, sales and trading, personal finance, insurance.

Ques. Which MBA specialization has the highest salary?

Ans. MBA Finance is one of the highest paying MBA specializations with average salaries around INR 6.78 LPA. MBA Finance graduates from top colleges like IIMs can earn around INR 10 to 15 LPA.

Ques. What is the salary of an MBA in Finance in India?

Ans. An MBA Finance graduate earns an average salary of INR 6,78,000 per annum. The salary package increases with the growing knowledge and experience.

Master of Business Administration [MBA] (Finance) : 34 answered questions

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Ques. How is IIM Rohtak for MBA finance? How is the crowd and professors? What is the real average package?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. IIM Rohtak offers an MBA degree and you can take up a specialization in finance in your second year of study. As one of my friends studied there, I might be able to answer your question. Crowd The crowd/batch consists of everyone including you. The student crowd overall is really good and diverse. They are usually helpful. Seniors also help to solve problems, be it about studies, participation, involvement in class, etc. The crowd will depend on the overall behavior of the students. Faculty The faculty here is really helpful and cooperative. They are highly educated and well versed in their particular fields. A good faculty will result in a good performance by the college and its students. Placements:- This is the most important thing to consider while selecting a college. The student profiles, the summer internship performance, your academic as well as non-academic performance in college, the industry dynamics, and many other factors determine the placements. For your better knowledge, these are the final placements for the 2019-2021 batch. Categories MBA (Finance) at IIM Rohtak Course Fee 16.55 lakh Highest CTC 22.8 LPA Average CTC 13.74 LPA Median CTC 13.5 LPA No. of Recruiters 100+ No. of New Recruiters 72+ Many reputed companies participate in their placement program. These include Capgemini, Infosys, TCS, Mindtree, Godrej, Nerolac, Wipro, KPMG, Microsoft, HCL, HP, Deloitte, Mercedes, Morgan Stanley, and many more. Thus, you can easily opt for IIM Rohtak, as it is a good institute to pursue MBA in Finance. If you get an opportunity to study here, do go for it.Read more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. Opting for a field in which you already possess some knowledge would be beneficial rather than going for an entirely new field. You are experienced in industrial structures and have a background in civil engineering. Therefore, it would be advisable to go for an MBA in Operations instead of MBA in Finance. Progressing in this particular field in the future would be swift and easy for you as well as Operations was included in your major. Evaluate your priorities and then make a decision. If you bear doubts regarding it then you might as well prefer going for the MBA program at IIT Kharagpur. The management departments at IITs are developing with highly qualified management faculties as well as excellent students. It is an outstanding campus that would lead to your overall development. Categories MBA (Operations) at IIT Kharagpur MBA (Finance) at IMT Ghaziabad Course Fee 10.30 lakh 19.53 lakh Highest CTC 20 LPA 22 LPA Average CTC 14 LPA 11 LPA Recruiting Companies ITC, P&G, Deloitte, KPMG, etc. Goldman Sachs, Google, DE shaw, Credit Suisse, etc. Within the two-year MBA course, your skills would be enhanced in the competitive environment provided by the institute. The vigorous activities would be a plus point in building you professionally for the corporate world.Read more
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Ques. Can I do a PGDM in finance from Taxila Business School? I have cleared the MAT exam.

● Top Answer By Janvi Bhambri on 16 Jul 21

Ans. It will be better if you don’t consider MBA from Taxila business school as an option. While considering a B-school you should always look for a college that has great infrastructure, curriculum, faculties, environment, placement opportunities, and learning opportunities. And Taxila business school will not fulfill the above criteria. You should select business schools that have ranked well in the Times Business school rankings. Try to choose Tier 1 MBA institutions. If you have a good MAT score along with a good academic record then you can surely get a good institution. Also, if possible try to score well in CAT, ATMA, and other examinations too. That way you will have better options.Read more
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Ques. Which college is better for an MBA in finance, RIIM or PIBM with respect to ROI and digital certification?

● Top Answer By Shilpa Nayak on 08 Jul 21

Ans. Both of the mentioned colleges are good but amongst the two, RIIM is far better when compared with PIBM in Pune. In terms of the fee structure, there is a huge difference between both colleges. The fee structure offered by RIIMs is less than PIBM. At RIIM, practical based methods are used for teaching purposes. The placement cell of the college does its job perfectly in enhancing the personality and skills of the students. RIIM Pune concentrates on improving the entrepreneurial skills of the students enrolled in the MBA Programs. Companies offer attractive packages during the recruitment of MBA students. The college provides the students with very good knowledge about the core details of the finance sector. Categories MBA at RIIM MBA at PIBM Course Fee 1.82 lakhs 7.95 lakhs Highest CTC 10 LPA 18 LPA Average CTC 6 LPA 9-10 LPA Recruiting Companies HP, Nestle, ITC, Byju’s, etc. HUL, Godrej, Federal Bank, Tech Mahindra, etc. RIIM Pune offers the following Digital Marketing Certifications in affiliation with IIM Kozhikode: Search Engine Optimization, Social Media Optimization, Email Marketing, Google Ad words, Google Analytics, PPC & Mobile Marketing. RIIM Pune also offers Value-Added Programs like SAP (Basic), Advance Excel, Business Analytics, Six Sigma, IT Skills from Microsoft, workshops at National Stock Exchange.Read more
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Ques. How is PIBM for finance placements?

● Top Answer By Keshav Jindal on 08 Jul 21

Ans. Without any doubt, PIBM is one of the best colleges in India for management. It offers an AICTE approved PGDM course. It also offers an MBA program in affiliation with Savitribai Phule Pune University. It provides placement training where they give complete experimenting learning, profile building, and even SCPS approach (Sector, Company, Product/Service). For Finance, they offer proficiency enhancement training and certification in curricular like Bloomberg Terminals, Ace Analyzer, Advance Excel, Balance sheet analysis, Finance modeling. The college offers industrial experience as well through summer and winter internship programs, and live projects. Many companies like Wipro, ITC, Deloitte, etc. come to the placement drive for recruiting. The average package offered to the students in the recent placement drive of 2021 was INR 6.5 LPA, placing 550+ students. The job profiles offered are in Investment Banking, Equity Research, Corporate Finance, Commercial Credit, Finance Quality Management, Treasury Management, etc. PIBM is one of the best institutions offering many opportunities along with wonderful placements for finance. So if you are interested in applying, grab the opportunity.Read more
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