MBA or Master of Business Administration is one of the best known and among the most recognized degrees in the world today. Be it public sector or private sector, an NGO or a Government job, an MBA degree holder today, undoubtedly , scores point over a non – holder. Most companies prefer MBAs for their top management positions. This degree improves the marketability of the candidates in the job market.
Management has become important in every sector today. MBA is one of the most common career choices amongst the youth of India. A best MBA program can surely help students who want to move up on their respective career ladders. A usual MBA offers specialization like Finance, Human Resources, Marketing, Systems, Operations, etc. An MBA with Finance specialization is a great career option .Students with specialization in finance receive the most prestigious job offers. MBA in finance allows a student to make his career in financial management, investment and securities, financial investment analysis and other related fields. A student with finance course will be seen working in financial institutions, banks, broking houses, insurance companies, mutual funds departments, corporate finance sector, etc.
Job profiles after MBA Finance
Those who have an MBA in Finance develop skills suited for management and professional duties. These duties can lead them to job that involve looking though income statements and balance sheets and the preparation of financial reports. Or they can attain financial director’s jobs, which include the responsibilities if financing goals and setting budgets. They can also have jobs in credit management where they would manage a firm finances.
Banking: Banking jobs have become more popular these days. Earlier there were very few nationalized banks but now with the globalization, opening of private banks has created a boom in the market and competition also in public and private banking. With this, openings of private banks demand MBA Finance. MBA person would revolve around Bank Loan products, investment in securities.
Corporate finance: In, Corporate finance candidates are likely to work in finance division or in corporate houses. They help in making decision regarding funding of the corporate houses. This team helps in making the decision on investment project, raising capital via debt or equity, restricting debt of the organization and making capital expenses.
Investment Banking: Investment banking is the specific division of banking related to the creation of capital of other companies. Investment bankers also provide the guidance to the issuer regarding the securities, the issue of placement of stock.
Risk management: Here the role is all about the managing the risk. The money used for investment is assured for the making of future money. There are some risks which are inherent and the risk management guy would help in reduction of risk and making future profit.
Financial analysis: Financial analyst will use various financial analytical tools to analysis the balance sheet, P&L a/c, cash flow, fund flow statement. This analysis will help in making decision and planning for the finances.
Remuneration
The salaries of a qualified MBAs are among the best anywhere across the globe. An MBA finance graduate has so many options in India. As a finance manager one can get Rs 50,000 to Rs. 60,000 especially in any private sector. Relying on the qualification, experience and ability of the individual who is applying for the job, the pay scale may vary.
So the arrays of financial jobs are extremely broad. The employees get chance to improve their managerial and leadership skills and directly bring the ideas from the classroom to the Board room. It is a win- win situation for the employee and the employer to earn much after a degree.
