MBA Finance Salary, Scope, Jobs in India
MBA Finance salary in India offered for graduates is lucrative in various fields of accounts, analytics and financial management. As the financial sector is said to be the backbone of the Indian economy, career opportunities for students have increased enormously. In 2024, the MBA Finance salary in India ranges between INR 4-20 LPA.
The MBA in Finance trains and prepares students to take up job roles such as Financial Analyst, Investment Banker, Cash Manager, Credit Manager, etc. The job opportunities for MBA Finance graduates in India are high in both the private and public sectors like banks, financial institutions, insurance agencies, etc.
Table of Contents
- MBA Finance Salary in India
- MBA Finance Jobs in India
- Top MBA Finance Recruiters
- Career Scope of MBA Finance
- Skills Required for MBA Finance Jobs
- Factors to be Considered Before Choosing a Job
- MBA Finance Jobs Abroad
- Areas of Recruitment for MBA Finance Graduates
MBA Finance Salary in India
The MBA Finance salary in India is around INR 4-20 LPA while a candidate gets a per month salary of around INR 60,000. The other factors that affect the salary packages include the type of job sector students can choose to work in. The student's knowledge, skills, and experience play a vital role to provide high salary packages for graduates.
MBA in Finance Salary Breakdown
The table below contains the MBA in Finance highest salary in India, along with the average and lowest salaries offered for an MBA degree.
|
MBA in Finance Salary in India |
Salary (INR) |
|
Highest MBA in Finance Salary |
20 LPA |
|
Average MBA in Finance Salary |
4 LPA |
|
Lowest MBA in Finance Salary |
3 LPA |
[Source : Ambition Box]
MBA in Finance Salary for Freshers
Here is a list of entry-level MBA Finance salary in India:
|
Job Role |
Starting Salary (INR) |
|
Financial Analyst |
3 LPA |
|
Finance Manager |
5.3 LPA |
|
Accounting Manager |
5.4 LPA |
|
Chief Financial Officer (CFO) |
20 LPA |
|
Business Analyst |
3.1 LPA |
|
Management Consultant |
15.5 LPA |
|
Operations Manager |
3.6 LPA |
|
Relationship Manager |
3.5 LPA |
|
Bank Manager |
4 LPA |
[Source: Pay Scale]
Also, Check: Why MBA? Top Reasons to Pursue an MBA in 2024
MBA in Finance Salary Based on Job Designations
The MBA Finance salary in India depends on various job designations. Explained below are some top job designations along with salaries for MBA Finance graduates.
|
Job Designation |
Function |
Salary |
|
Cash Manager |
Implements monetary policies, oversees payroll and cash flow operations and other financial services in an organisation |
INR 3 LPA |
|
Consulting Manager |
Helps organisations to solve issues, conflicts, and ensure maximise growth to improve business performance |
INR 24 LPA |
|
Account Manager |
Preparing sales report, building fine relationships with customer, business executives and stakeholders |
INR 5.5 LPA |
|
Business Analyst |
Looks after improving the processes and systems of an organisation and provides solutions to business problems |
INR 6.6 LPA |
|
Investment Sales Trader |
Developing an investment strategy, analysing market research and assessing how the different types of financial instruments are trading |
INR 11.8 LPA |
|
Investment Banker |
Help clients raise money in capital markets by issuing debt or selling equity in companies |
INR 18.2 LPA |
|
Bank Manager |
In-charge of setting financial goals, undertakes various operations and allocates funds for managing expenses |
INR 7 LPA |
|
Credit Manager |
Creating credit scoring models, setting loan terms and credit granting process of a company |
INR 5.9 LPA |
|
Financial Manager |
Performing data analysis, preparing financial reports and advising senior managers on profit-maximising ideas |
INR 12.5 LPA |
|
Risk Manager |
Develop plans to minimise negative financial outcomes through efficient project management and proposal development |
INR 10 LPA |
|
Chief Financial Officer |
Manages financial aspects of the company like cash flow, future investments and costs |
INR 46.6 LPA |
Source: [Ambition Box]
MBA Finance Salary in IIMs
IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and IIM Lucknow have the highest average placements. The typical IIM placement salary for MBA Finance jobs is INR 32 LPA. Top IIM MBA Finance recruiters include McKinsey, JP Morgan, Mastercard, Goldman Sachs, and others.
|
NIRF Management Rankings 2023 |
Institute |
Average Salary (INR) |
|
1 |
33 LPA |
|
|
2 |
32 LPA |
|
|
3 |
34 LPA |
|
|
4 |
25 LPA |
|
|
6 |
20 LPA |
|
|
7 |
20 LPA |
|
|
15 |
20 LPA |
|
|
17 |
10 LPA |
|
|
19 |
18.4 LPA |
|
|
20 |
18.3 LPA |
|
|
21 |
15 LPA |
|
|
30 |
17 LPA |
|
|
33 |
14.42 LPA |
|
|
40 |
14 LPA |
Also Read: Top 10 MBA Colleges Accepting SNAP Score 2024
MBA Finance Jobs in India
MBA Finance graduates can work as managers and accountants in private and public sectors such as banks, financial institutions, and telecom companies. There are a plethora of options which candidates can explore. Some job opportunities for them include:
Entry-Level MBA Finance Jobs With Salary
In India, MBA Finance positions are in high demand. Some of the most recent MBA in Finance Salary for freshers are listed below, along with more information:
|
Company Name |
Salary (INR) |
|
Randstad India |
4 - 6 LPA |
|
Winkler Enterprises |
3 - 4 LPA |
|
SFC Group |
1.75 - 3.75 LPA |
|
GlobeOp Financial Services |
2.75 - 3 LPA |
|
EmBridge |
3 LPA |
|
Atkins |
2.3 LPA |
|
ICICI Bank |
9.9 LPA |
|
Reliance JIO |
3.1 LPA |
|
HDFC Life |
3.3 LPA |
Government MBA Finance Jobs
There are plenty of jobs after MBA Finance in government sector banks and telecom companies for candidates. The average MBA salary in this sector is INR 6-12 LPA. Check out the table below for some of the government positions offered:
|
Top Government Companies |
Job Profiles |
Salary (INR) |
|
SBI |
Bank Manager |
9 LPA |
|
BSNL |
Account Officer |
6.59 LPA |
|
National Dairy Development Board (NDDB) |
Deputy Manager |
10.80 LPA |
|
Dredging Corporation of India Limited |
Joint General Manager |
24.5 LPA |
|
Bharat Earth Movers Limited (BEML) |
Assistant Manager |
9.53 LPA |
|
Bank of Baroda |
Credit Manager |
14.33 LPA |
|
LIC |
Finance Branch Manager |
13 LPA |
Private MBA Finance Jobs
MBA in Finance salary in the private sector ranges from INR 5 to 30 LPA. The career options after MBA Finance include:
|
Top Private Companies |
Job Profiles |
Salary (INR) |
|
Goldman Sachs |
Analyst Developer |
19.30 LPA |
|
Morgan Stanley |
Senior Manager |
27.13 LPA |
|
Boston Consulting Group |
Associate |
20 LPA |
|
Bain and Company |
Associate Consultant |
20 LPA |
|
JP Morgan |
Financial Analyst |
10.05 LPA |
|
TCS |
Business Finance Manager |
10 LPA |
|
Reliance Industries |
Finance Manager |
11.02 LPA |
Also Read: Job Opportunities after MBA from IIM
Top MBA Finance Recruiters
MBA graduates can find jobs in a variety of businesses and fields, including retail, logistics and supply chain, information technology, etc. Below is a list of some of the top recruiters along with the average MBA salary for graduates:
|
Top Recruiters |
Average Annual Salary For Freshers |
Average Annual Salary For Five Years Experience |
|
Goldman Sachs |
INR 8 LPA |
INR 12-14 LPA |
|
Morgan Stanley |
INR 9 LPA |
INR 14-17 LPA |
|
ICICI Bank |
INR 5.9 LPA |
INR 7-9 LPA |
|
ITC |
INR 5 LPA |
INR 8-10 LPA |
|
Infosys |
INR 6 LPA |
INR 7-10 LPA |
|
Amazon |
INR 4 LPA |
INR 6-11 LPA |
|
Bharti Airtel |
INR 4 LPA |
INR 6-9 LPA |
Also Read: List of Dream Companies For MBA Students
Career Scope of MBA Finance
MBA Finance scope is vast with more career prospects and great salary packages. The income depends on the company, work experience and technical skills. Candidates can opt for several courses after MBA Finance that will enhance their skills and expertise and contribute to their career prospects and professional growth.
Career Options after MBA Finance
MBA Finance jobs and salary are diverse, and graduates can look out for job roles in the financial sector. The top areas of recruitment are:
- Finance Managers
- Business Analyst
- Finance Analyst
- Accounts Manager
- Bank Manager
- Business Manager
Also Read: Career After MBA
Courses after MBA Finance
After completing an MBA Finance course, the given below are the most frequently pursued higher education options that might interest a student:
- PhD
- MPhil
- Executive MBA in Finance
- ISB's Certificate Programme in Business Analytics
- Doctor of Business Administration
- Fellow Programmes in Management from IIMs
- Certified in Production and Inventory Management (CPIM)
Also Read: Top 10 Courses after MBA
Skills Required for MBA Finance Jobs
MBA Finance graduates must possess technical and soft skills to do well in the course. The following is a list of skills that MBA Finance graduates must have:
- Communication Skills: Candidates must have apt communication skills to build a good network and address proper consumer issues.
- Risk Analysis: They must be able to analyse risk and come up with cost-effective solutions to retain profits.
- Investors Portfolio Management: They need to be able to evaluate investors by assessing their profile and gaining long-term investments.
- Business Valuation: The students need to have the skill to assess the economic value of the business and find measures to maximise the profits.
- Advance Mathematics Knowledge: Since there are topics like accounting, candidates' mathematics skills need to be sharp and on point.
Also Read: Online MBA vs Regular MBA: Which is Better in 2024?
Factors to be Considered Before Choosing a Job
When choosing a job after completing an MBA Finance, there are several factors to consider that need to be aligned with candidates' career goals and interests. Below mentioned are a few factors that should be considered before choosing a job:
- Job Roles and Responsibilities
- Culture and Values of the Organization
- Skills Required
- Career Advancement Opportunities
- Industry Growth
- Salary, Incentives, etc
MBA Finance Jobs Abroad
MBA in Finance scope provides an excellent opportunity to work in a global market and across the world. There are lots of job opportunities not only in India but also abroad. Students can work in the financial sector, security firms, banking sectors, and travel industries.
Best Countries for MBA Finance
Below is the list of top countries offering job opportunities for MBA in Finance Management:
|
Countries |
Average Salary |
|
Canada |
USD 30,000 -58,423 |
|
United Kingdom |
USD 74,000 - 118,000 |
|
USA |
USD 64,000 - 133,000 |
|
Australia |
USD 57,718 - 207,107 |
|
Singapore |
USD 35,000 - 170,735 |
Top International Companies for MBA Finance
Check the list below for the top international companies that hire MBA Finance students:
|
Top Companies |
Average Salaries |
|
Morgan Stanley |
INR 7 - 13 LPA |
|
Boston Consulting Group |
INR 7 - 13 LPA |
|
Goldman Sachs |
INR 10-40 LPA |
|
Bain & Company |
INR 11-25 LPA |
|
JP Morgan Chase & Company |
INR 9-19 LPA |
|
McKinsey & Company |
INR 5-24 LPA |
|
Barclays |
INR 4-28 LPA |
|
KPMG |
INR 4-10 LPA |
MBA Finance Jobs in US
Jobs for graduates with finance degrees from US universities are expected to grow at a rate of 50% between 2019 and 2029, which will result in 476,200 new job opportunities. As a result, an MBA in Finance could lead to a lucrative career as a banker, financial controller, chief treasurer, or other positions.
Given below are Finance MBA salary in the US.
|
Job Role |
Popular Recruiter |
Average Salary (USD) |
|
Financial Analyst |
The Boeing Company, Wells Fargo & Co., Northrop Grumman Corporation |
58,776.01 |
|
Finance Manager |
Microsoft, DaVita Inc., Raytheon Co. |
88,650.10 |
|
Financial Controller |
Abc Corp., Fischer Homes, SAP America, Inc, Siemens |
80,938.54 |
|
Senior Accountant |
Baker Tilly Virchow Krause, LLP, CliftonLarsonAllen, CBRE Group |
88,650.10 |
|
Accounting Manager |
Ernst & Young, SMG Management, M2S, Abc Corp. |
69,377.76 |
MBA Finance Jobs in Canada
According to JobsBank.ca, the number of job openings in Canada's Finance and Investment Sector will be 22,300 over the next ten years. In comparison, 21,700 new graduates will join the labour force.
Labour demand and supply are expected to remain balanced in this sector shortly. As a result, graduates with an MBA in Finance will have an easier time finding employment in Canada. Listed below are MBA Finance job scope in Canada:
|
Job Role |
Recruiters |
Average Salary (CAD) |
|
Finance and Control Manager |
City of Campbellton, NB |
60,419.59 |
|
CFO |
Reos Canada, Inc |
14,1001.20 |
|
General Manager |
Canada Immigration and Visa Services Inc |
44,1137.79 |
|
Vice President- Financial, Communications, and Other Business Services |
Men Canada Limited |
35,2378.34 |
MBA Finance Jobs in UK
Despite Brexit, there's a high demand for skilled labour within the UK financial services industry. According to the recent Statistical Research Department Studies, there'll be over 390,000 job vacancies within the finance sector in London alone by 2027.
MBA Finance career options within the UK are as follows:
|
Job Role |
Recruiters |
Average Salary (GBP/month) |
|
Finance Analyst |
AG BARR PLC |
25,092.43 |
|
Finance Manager |
Amazon |
94,119.32 |
|
Manager, Financial Markets |
Deloitte |
64,826.31 |
|
Finance Officer |
Goodman Manson |
33,473.40 |
|
Finance Manager |
Morgan Law |
41,824.08 |
Also Read: Executive MBA Vs Distance MBA
Areas of Recruitment for MBA Finance Graduates
The MBA Finance job scope in India is diverse with job areas including Candidates are frequently informed of current developments in the sector. For those seeking an MBA in Finance, some of the top recruiting fields and their jobs are given below:
|
MBA Finance Fields |
Roles Offered |
|
Banks |
Branch Manager, Financial Analyst, Transactional Specialist, Associate Vice President |
|
Stock Exchange |
Broker, Market Research Analyst, Trader, Investment Consultant |
|
Hedge Funds |
Hedge Funds Manager, Research Associate, Portfolio Manager |
|
FMCG |
Finance Managers, Portfolio Analyst, CFO |
|
Fashion Companies |
Relationship Manager, Risk Analyst, Sr. Business Analyst |
|
MNCs |
Credit Risk Manager, Lead Business Analyst, AVP Consumer Lending, Team Lead Operations |
Also Read: MBA vs PGDM
Top MBA in Finance Colleges
Top Management Entrance Exams
Exam Date: May 19, 2024
MBA in Finance Fee Structure
FAQs on MBA in Finance Job, Scope and Salary
Q: What are the topmost sectors that are interlinked with the Finance industry?
A: Healthcare, Media, Academia, Agriculture, and Economics are the most closely associated and connected businesses to the finance industry. Finance has connections to practically every business.
Q: Do MBA Finance graduates play a role in Government Agencies?
A: Yes, students with an MBA Finance degree play an important role and are hired in government-related agencies to ensure the nation's flawless monetary operation. A few deserving people got jobs at the RBI, the income tax agency, and the Ministry of Finance.
Q: Is MBA in Finance a good career option after CS?
A: Yes, an MBA Finance degree after Company Secretary (CS) would help you acquire a foothold in the field. It will result in job profiles at the consultant and managerial levels. It will also assist graduates in applying their managerial skills to the effective operation of the organisation. CS is a more professional course, and having an MBA will undoubtedly be beneficial.
Q: What is the average salary offered after completing MBA in Finance?
A: IIM graduates or students of top MBA universities are offered an average of INR 16-20 lakh per year CTC during campus placements. According to payscale.com, the average starting income for an MBA Finance graduate in India is more than INR 6.50 lakh per year. In India, the average CTC for an MBA Finance varies between 6.5 lakh and 18 lakh a year. Salaries, on the other hand, may differ depending on the function, the company, and the individual's level of skill.
Q: Are there good job opportunities after doing MBA in Finance?
A: MBA finance is a popular certification, and depending on your skills, knowledge, and personality qualities, you can flourish in any of the following fields: academics, banking, accounting, investment banking, capital markets, fund management, credit ratings, equity analyst, finance, and so on. In reality, MBA finance candidates are in the higher-paying employment category.
