MBA in itself is a coveted degree and the cream among all the MBA degrees is the one in Finance. The single most important reason for the popularity of Finance is the myriad career options one gets. The options available are Credit Managers and Specialists, Investment Sales Associates and Traders, Investment Banking Associates, Investment Bankers, Management Consultants, Risk and Insurance Managers, Cash Managers, Treasurers and Finance Officers, Chief Financial Officers, Corporate Controllers, Accounting Managers and Financial Managers or Financial Analysts.
Work of an MBA In Finance
With a Finance degree in hand, a person can expect to analyze the finances pertaining to a company. They can identify various source of finance and also find ways for raising funds. The finance of a company is what makes it capable of taking decisions regarding investments, strategic planning and other. The best thing about MBA in Finance is that job opportunities can be gotten in various sectors and they are eager to recruit fresh faces as well as experienced hands. With varied experience, the person can start a self venture because the capacity to make decisions and leadership aptitude is ingrained in them.
Annual Packages to Expect
The pay package is largely dependent on the B-school from where one graduates. Ordinarily, it is the Finance students who get the best offers with the highest pay packages in the industry. The normal package of an IIM graduate can be Rs 10-15 lakh a year. Financial analysts can start off with Rs 4 lakh a year while Credit analysts start at Rs 5-6 lakh per annum. This amount can go up to Rs 20-30 lakh per annum with experience and promotions. For Management consultants, the starting salary can be around Rs 5-8 lakh which can go up to Rs 10-15 lakh per annum. All in all, an MBA in Finance is the sure way to kick-start a successful career where you can gather relevant and important experience and earn a great salary.