MBA Finance - An Excellent Career Option

By Dr. Pradip Kumar Mitra
MBA Finance course helps one develop diverse skill set and magnetism to start an attractive career in banking and finance.

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Finance being the lifeblood of any business, there is ample scope of career growth for candidates having Post Graduate in Management with Finance degree. Finance as a career demands skills in accounting, finance, taxation as well as proficiency in statistics and econometrics, especially the time series techniques. To do well in Finance, nowadays one needs to build quantitative acumen. MBA Finance offers skills and techniques to develop the same. One also learns new software and programming techniques related to quantitative finance and other aspects of this domain. By pursuing MBA Finance one develops diverse skill set and magnetism to start an attractive career in a good company.

The MBA Finance programme typically includes corporate investment management, portfolio management, hedge fund management, securities analysis, investment, fundraising, collection, disbursements, macroeconomics, international market, international finance, stocks and equity, etc.

After completing the MBA Finance course, one can find jobs in various roles in financial institutions, consultancy firms and banks. Broking firms, insurance and mutual fund companies hire MBA Finance graduates in a large number.  Listed below are some top jobs for MBA Finance degree holders:

The pay scale for the abovementioned job roles depends on the MBA institute from where one has graduated but the main deciding factor is the person's acumen in finance, knowledge of the subject and if he/she is an all-rounder. Many students from Tier II or Tier III B-schools also get lucrative pay package. The pay package of MBA Finance graduates range normally from Rs 6 to 15 lakh per annum (Tier I and Tier II schools depending on the reputation of that school).

To grow further in the field, MBA Finance graduates can pursue specializations in the field like Certified Public Accountant (CPA), Certified Financial Planner (CFP) and Certified Management Accountant (CMA).

About the Author:

Dr. Pradip Kumar Mitra, Associate Dean – Finance, Vivekanand Education Society Institute of Management Studies & Research, Mumbai.

Dr Mitra is a Post Graduate in Management (Finance) from Institute of Engineering and Management, Kolkata and completed his Chartered Financial Analyst and Master of Financial Analysis from ICFAI. He has completed his PhD from Birla Institute of Technology, Mesra on Sustainability Reporting for Indian Chemical Industry. He has over 12 years of experience in the financial services sector and has worked with companies like Motilal Oswal Securities, Religare Securities and Anand Rathi Securities, etc. He also has 9 years of teaching experience and has taught various subjects of Finance like SAPM, Derivatives and International Finance.