MBA in Finance: A Right Option for Job Aspirants in Finance Sector
MBA or Master of Business Administration is perhaps the most sought after program in today’s competitive job market. Candidates who aspire to boost their chances of getting better jobs and higher salaries, find MBA the best way to aid their career. In addition to this, another reason that an MBA degree is preferred in the job market is because it encourage flexible schedules. Candidates can easily obtain this degree while working full or part time. This helps the students in paying off the debt they are incurring and simultaneously add to their professional experience.
Although there are various specializations available in an MBA program, Finance is one of the most popular specializations within an MBA program. A big community of candidates opts for finance as their specialization. Today, finance is not limited to banking. It involves management, control and review of the accumulation, investment and resources of money as a capital. Furthermore, various topics usually covered under this management program involve:
- Market trading and volatility
- Stock market analysis
- Global economy
- Foundations in finance
- Risk management
- Futures and options
- Financial instruments
- Investment banking
- Corporate finance
- Bankruptcy, etc.
Finance degree benefits in various industries
For working professionals, finance degree is highly beneficial in numerous industries including corporate and commercial banking, real estate, investment services, etc. Although, an MBA degree cannot guarantee job seekers a top position, however, it can surely augment the value of a resume and makes it marketable.
Moreover, in most of the cases, an MBA degree is outweighed or equivalent to the career hike it provides. Furthermore, MBA in finance can work in both banking and non-banking sectors. These days, nearly every industry need financial experts for maintaining the balance of capital.
Candidates holding an MBA degree in finance can find numerous MBA finance jobs in both the government and private sector. For instance, a financial manager in India can earn in between INR 5,00,000 to INR 12,00,000 per annum. Salary is no bar for the qualified and skilled candidates in the finance sector. Additionally, the several job positions available for candidates having MBA in finance are:
- Financial Analyst
- Investment Banking Analyst
- Operations Research Analyst
- Financial Advisor
- Financial Auditor
- Insurance Agent
- Bookkeeping, Accounting and Audit Clerk
- Chief financial officer
- Manager of a finance department
Top business schools and management institutes in India
- IIMA (Indian Institute of Management, Ahmedabad)
- IIMC (Indian Institute of Management Calcutta)
- XLRI (Xavier Labor Research Institute Jamshedpur)
- ISB (Indian School of Business, Hyderabad)
- SPJIMR (SP Jain Institute of Management, Mumbai)
- NMIMS (Narsee Monjee Institute of Management Studies, Mumbai)
These days, the number of MBA graduates have increased than what it used to 20 years ago. Competition in the job market is getting tough day by day. In order to grab the right position at the right time, it is essential to work on enhancing the skills and knowledge gained from the degree so as to stand apart yourself in the job market.