MBA in Finance is one of the most coveted specialisations in Finance; an ample number of students are looking to make their career in the finance field. The reason behind this magnetism of finance is the career options offered by this specialisation. An MBA Finance degree is a two years program which imparts knowledge in subjects like Investment Management, Taxation and Tax Planning, Corporate Valuation, International Finance, Management Control System, Insurance Management, Financial Statement Reporting and Analysis and Management of Financial Services.
MBA in Finance offers great growth prospects and opportunities to climb up the ladder abound in the area of finance. You can look out for exciting careers in banks, financial consultancies and financial institutions. One can get involved in consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance. Years of experience in this area can also lead you to serve on government committees and contribute significantly to policy-making issues. One can also end up providing consultancy services to corporate and government organisations.
The pay mainly depends on the kind of business school you graduate from. Finance MBA degree holders have traditionally been known to get the creamiest placement offers from the top companies in the country. Tier-1 colleges like the IIMs see students get placed with offers hovering around Rs 10-15 lakh a year. Those who work as financial analysts start off with a minimum package of Rs 4 lakh a year. Credit analysts start at Rs 5-6 lakh per annum and earn as much as Rs 20-30 lakh per annum once they reach senior level positions. Management consultants also start at Rs 5-8 lakh and within a few years earn as much as Rs 10-15 lakh per annum.