Finance tops the list when it comes to a fulfilling and promising career path. With the expansion of the global economy and elevated levels of commerce, the finance sector has evolved a lot and requires extensive knowledge and skills. After graduating from SKIPS with an MBA or PGDM college in ahmedabad, individuals can take up a variety of profiles, and the best part is that one is not limited to a specific industry. From non-profit organizations to the pharmaceuticals, education, and tech industry, finance professionals will find ample space to explore emerging roles.
This post will help you explore some of the most lucrative professions you can choose after an MBA/PGDM in Finance.
Top Job Profiles and Salary in MBA Finance Fund Managers Fund management is a promising career path after completing MBA/PGDM in Finance. The candidates are hired mainly by mutual funds or investment companies to manage the portfolio of several clients and supervise their trading activities. Their role primarily includes researching the best investment opportunities in the stock and debt market and planning investment strategies for their clients. They manage asset allocation and fund structure on behalf of investors. As a fund manager, the person may narrow down the niches such as pension, hedge, trust, and mutual funds, to name a few.
Salary: Apart from getting attractive salaries, Fund Managers also charge fees in percentage. That can be 1% or 2% of the asset under management (AUM). The top fund managers’ earnings have even crossed billions during the pandemic.
Portfolio Manager A portfolio manager is a professional with expertise in asset management who works with customers to manage their investment portfolios. These experts work independently or as a team within equities firms, mutual fund companies, insurance companies, or investment banks. A portfolio manager has three types of profiles: Income Portfolio Manager, Stock Portfolio Manager, and Stock Portfolio Manager. They serve both retail and institutional investors. One of the leading investment banks, Goldman Sachs, offers lucrative opportunities and competitive salaries in India and abroad.
Salary: A portfolio manager in India earns 12L annually on average. In the US, their pay ranges between US$80,000 to US$100,000.
Investment Banker As one of the most alluring job profiles, investment banking gravitates among many young professionals. That is because many top companies offer lucrative packages to finance graduates. Among these are JP Morgan, Morgan Stanley, UBS Investment Bank, and HSBC, to name a few. A candidate may start with the position of Investment Banker Associate and may rise to the position of Director Investment Banker and VP Investment Banker. An investment banking position revolves around merger and acquisition roles, the underwriting department, private equity, and venture capital. Therefore, one may get into a specific area of interest.
Salary: In India, the average base pay of an Investment Banker is around 10 LPA.
Finance Manager Finance management is among the top paying profile in the finance sector. Every organization, irrespective of its size, industry, profit, or non-profit, requires finance managers to plan, allocate, and manage risks regarding their financial resources. Overall, finance managers are responsible for ensuring an organization’s financial health and sustainability. Their roles include but are not limited to advising on financial decisions, directing investments, financial forecasts, budgeting, profit and credit projections, and financial reporting.
Salary: The average annual salary of a finance manager in India is around 13 lacs. However, a person may start with 4 LPA and reach 30 LPA.
Financial Analysts Financial analysis has been the most in-demand finance specialization, with a 30% surge in the last decade. Financial analysts oversee monitoring a company’s economic performance concerning a plan, forecasting business performance and market circumstances, and assisting senior management with tactical and strategic decisions through the periodic reporting they produce. But only some financial analysts work for a bank or advise on investments for their business. For instance, a company might engage a financial analyst’s services to assess the cost-effectiveness of various marketing initiatives. Moreover, there are a variety of roles for financial analysts, including budget analyst, risk analyst, and pricing analyst, among others.
Salary: Based on Glassdoor data, in December 2022, a financial analyst earns an average pay of 5 LPA, however, there is a scope to rise to senior positions with hands-on skills with higher salary packages. Overall, there are numerous attractive opportunities in finance, given the importance of financial resources in running an economy. No matter what business or operations an organization may undertake, finances are critical resources and thus needed to manage effectively. Other Job Profiles After PGDM in Finance include entry-level and assistant jobs in Banking, Non-Banking Financial Corporations, and other financial units. With an MBA in finance, students will have the skills and knowledge to succeed in various banking roles. You can work as a banker, financial analyst, or financial planner in the banking industry. An MBA in finance will also give you the skills and knowledge to start your own business.
Opportunities for PGDM/MBA Finance The following section covers the unique opportunities that MBA/PGDM candidates may pursue.
Financial Risk Management
A candidate may pursue roles of financial risk analyst and financial risk manager. While financial risk analysts study economic conditions and track investment trends, financial risk managers use these insights to create strategies and make decisions. Moreover, the risk managers combine proposal development and project management to mitigate and minimize adverse financial outcomes. A range of areas that candidates may pursue further specialization are market and price risk, tradeable risk, credit risk, transaction fraud risk, and liquidity risk management.
Compliance and Internal Control
Compliance and internal control are critical for all organizations in light of increasing financial scams and fraudulent activities. PGDM candidates specializing in finance can explore various compliance and internal control profiles. The candidates may work as a controller and oversee regulatory reporting and compliance. It may be a great career path for those interested in financial management or accounting-related positions. A financial controller collaborates with external audit firms and reports directly to the company’s CFO or CEO. In other cases, one may explore diverse environments like university offices to manage donations, grants, and contracts. As for corporate financial compliance divisions, compliance and internal control specialists safeguard investors and uphold openness. Their duties help directly to the mitigation of financial fraud and system risk.
Wrapping Up
With a broad spectrum of job opportunities and career paths for students pursuing an mba finance colleges in ahmedabad, one may never go out of the option to have a promising long-term career. Depending upon the area of interest, one may take up any emerging roles. There are ample opportunities in the domestic and international markets for those who love to work in a challenging environment that brings out the best in them. Revamp your career journey with the opportunities discussed here and move ahead with a passion for learning and success!
