Master of Financial Management Salary, Jobs, Scope in India

Kripal Thapa

Updated on - Jan 4, 2023

Master of Financial Management jobs are available for graduates in a wider and more diverse variety of roles. The career options are very wide and diverse, due to the flexibility of the coursework that the students obtain. Some of the Master of Financial Management job lists include Finance Manager, Credit Manager, Financial Advisor, Asset Manager, Director of Finance and Administration, Financial Planner, Cost Controller Corporate Financial Analyst, etc.

Career Prospects and Job Scope for a Master of Financial Management Graduate

Jobs for Master of Financial Management graduates are available to students at ease. A student can easily map their Master of Financial Management course as per their future aspirations with many options. Financial Analyst jobs are the primary areas of employment for graduates of the Master of Financial Management course. The Master of Financial Management scope of work for a graduate is comprehensive and varies over a large number of working areas and sectors. Listed below are some of the popular jobs after Master of Financial Management that are undertaken by graduates:

• Finance Manager
• Credit Manager
• Financial Advisor
• Asset Manager
• Director of Finance and Administration
• Financial Planner
• Cost Controller 
• Corporate Financial Analyst, etc.

Areas of Recruitment for Master of Financial Management 

There is a large scope of Master of Financial Management jobs for graduates in both the private and public sectors. After graduation students pursuing an Master of Financial Management course are not limited to their specific areas resulting in a vast job. With many specialisations, the Master of Financial Management course is an all-around course. 

Concerning the previous academic background the personal choice and the ability of the student towards a particular program, there exists an appropriate plan for almost every candidate opting for the Master of Financial Management course. Some of the areas of recruitment are:

• J.P. Morgan Chase & Co. (JPMCC)
• Amazon
• ICICI Bank
• ITC
• Reliance Industries Ltd
• Aditya Birla
• Oracle and Google

Masters in Financial Management Salary

Masters in Financial Management salary for the graduates can differ according to the specialisation that the aspirants decide to pursue. Other factors which can affect Masters in Financial Management salary in India include experience, location, and specialisation. Graduates can increase their salary by doing internships and work placements as it would add to their experiences.

Masters in Financial Management Salary in India

The average Masters in Financial Management salary for graduates is around INR 3-10 LPA [Source: PayScale]. The table below shows the salary breakdown of Master of Financial Management graduates in India:

Source: Glassdoor

The table below contains the list of Master of Financial Management job profiles and their average salaries per annum:

Source: Payscale

Masters in Financial Management Salary Abroad

Master of Financial Management is one of the most popular courses in the world, making it an attractive prospect for Indian students to pursue abroad. Students will have access to the best infrastructure, amenities, academic curriculums and faculties while pursuing an Master of Financial Management abroad. 

Furthermore, they will have the opportunity to work and earn attractive salaries upon completing the course. The average salary of a Master of Financial Management graduate abroad is USD 52000 PA (Source: PayScale). The table below contains the list of job profiles abroad and the appropriate per annum salaries:

Career Scope of Master of Financial Management

Master of Financial Management is one of the most diverse courses in terms of, not just employment opportunities across various domains, but also the scope of higher education for graduates. 

Depending on the Master of Financial Management specialisation opted for by the student, they will be able to find relevant jobs in their domain or find the appropriate course for further education. The Master of Financial Management scope is quite vast whether a graduate chooses to work or study further.

Courses after Master of Financial Management

Master of Financial Management graduates can opt for higher studies once they complete their undergraduate studies. There are plenty of options for Master of Financial Management graduates to choose from depending on their specialisation. The list below contains the names of courses that Master of Financial Management graduates can pursue after completing the course:

• MMM
• MCM
• PhD

Career Options after Master of Financial Management

There are a number of employment domains that Master of Financial Management graduates can join immediately after graduation. Master of Financial Management is one of the most diverse courses in terms of employment opportunities for graduates. The list of career opportunities available to Master of Financial Management graduates is as follows:

• Credit Risk Analyst: Assesses the credit risk of its customers using financial and credit information with the aim of identifying and eliminating the greatest risk factor.
• Financial Analyst: A Financial Analyst monitors market trends and the factors that influence them to help the company make wise investments.
• Management Consultant: A management consultant provides guidance and perspectives into the process of managing and growing a firm.
• Chief Financial Officer (CFO): A company's CFO is the most significant role. He or she is in charge of the company's or organisation's money and financial reporting.
• Finance Manager: A Finance Manager is responsible for reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts.

Government Jobs for Master of Financial Management Graduates

Master of Financial Management jobs salary varies with the experience and job position. This valuation depends on the specialisation option of the aspirant, his or her sector of employment, job profile, diligence, and dedication at the workplace as well as the seniority and experience of the aspirant.

Master of Financial Management course jobs are available for graduates in the government sector as well. The job opportunities for Master of Financial Management students are available in a large number of job roles owing to the diversity of the education system. The average Master of Financial Management job salary for graduates is around INR 3 - 10 LPA [Source: Payscale]. The job designations include:

Source: Payscale

Private Jobs for Master of Financial Management Graduates

Students who don’t wish to pursue a government job can build a career after Master of Financial Management in the private sector. The job opportunities for Master of Financial Management students in the private sector are endless. The average Master of Financial Management job salary for graduates is around INR 3 - 20 LPA. The job designations include:

Source: Payscale

Job Opportunities Abroad for Master of Financial Management Graduates

There are plenty of opportunities for graduates after Master of Financial Management, in the international job market. The education and information they gain are so specialised that the graduates' demand is higher than the supply. The course is designed such that every student, irrespective of their specialisation, is employable in a foreign country.

Top Companies for Master of Financial Management Graduates

Below is a list of the top international companies that hire Master of Financial Management Graduates:

• HCL
• Accenture
• Deloitte
• TCS
• Genpact

Best Countries for Master of Financial Management Graduates

Below is the list of top countries offering job opportunities to Master of Financial Management Graduates:

• Ireland
• Netherlands
• USA
• United Kingdom
• Scotland
• Hong Kong
• UAE

Various Career Designations Abroad for Master of Financial Management Graduates

Here is the list of exciting job roles that attract Master of Financial Management graduates to work abroad:

• Executive Assistant
• Operations Manager
• Human Resources Manager
• Graphic Designer
• Content Writer
• Operations Team Leader
• Marketing Manager
• Business Development Manager

Famous Computer Science Graduates

There are many graduates in the field who have become famous for their contributions. Some of such famous personalities are listed below:

• Christine Lagarde
• Steve Schwarzman
• Carl Icahn
• Ray Dalio
• Yngve Slyngstad