MBA in Banking and Finance Jobs, Salary, Scope in India

Duration

2 Years

Average Fees

INR 80,000 - 24 Lakhs

Lisha Gupta

Updated on Oct 19, 2022 by Lisha Gupta

Lisha Gupta

Updated on Oct 19, 2022 by Lisha Gupta

MBA Banking and Finance jobs are vast with abundant career opportunities in various sectors like banking, finance, accounting, taxation, and asset management. There are numerous job roles in other sectors for MBA Banking and Finance jobs in India. Banking and finance are one of the top choices made by Indian students to pursue as a career.

Career Prospects and Job Scope for an MBA in Banking and Finance

MBA in Banking and Finance scope in India concerning career is that it has comprehensive job options in various industries like market research, banking, teaching, and many more industries with an average salary package of INR 3 -7 LPA based on the job role one chooses to work. MBA in Banking and Finance course always has a diverse job scope. The scope of a good career after MBA in Baking and Finance for graduates is very high and diverse.

Jobs after MBA in Banking and Finance for freshers in the banking sector :

  • Accounts Assistant
  • Investment Assistant
  • Cashier 
  • Assistant Business Consultant
  • Junior Finance Manager

Job designation for graduates of MBA in Banking and Finance with experience:

  • Operation Manager
  • Branch Manager (Banking)
  • Senior Associate - Investment Banking
  • Senior Business Analyst
  • Research Analyst
  • Business Analyst

Areas of Recruitment for MBA in Banking and Finance

Banking and Finance is the heart of any organization; there is a constant demand from all industries, including private and government sectors. Hence, MBA in Banking and Finance scope is high around the world. The salary after MBA in banking and finance is very rewarding owing to the relevance and diversity of the course.

The areas of recruitment providing MBA Banking and Finance jobs in India are:

  • Financial Institutions
  • Banks
  • Financial Consultancies
  • Colleges
  • Industrial Firms

Salary Packages for MBA in Banking and Finance

The initial pay differs based on one's experience, research topics, area of specialization, etc. The career with an MBA in Banking and Finance salary in India average is INR 3-7 LPA. The other factors that affect the salary include the type of sector one chooses to work in and the job designation. The graduate's skills, knowledge, and experience play a vital role in the company's salary package. 

Below listed is the average pay for the graduates of Banking and Finance in MBA:

(Source: Payscale)
Designation Salary (INR)
Finance Manager 5.53 LPA
Operations Manager 7.43 LPA
Financial Analyst 3.86 LPA

Government Jobs for MBA in Banking and Finance Aspirants

MBA in Banking and Finance salary in Indian government sectors average is INR 3 - 7 LPA. MBA in Banking and Finance Govt jobs includes designations like:

(Source: Glassdoor)
Top Government Hiring Companies Job Designation Salary (INR)
Ind Bank Merchant Banker 6.78 LPA
J & K Bank Chief Financial Officer 5.25 LPA
Secretarial Officers  Reserve Bank of India 15 LPA

Other government jobs for MBA in Banking and Finance are -

  • Research Analysts
  • System Officer
  • Bank Manager
  • RBI Officer
  • Revenue Officer
  • Revenue Inspector

Private Jobs for MBA in Banking and Finance Graduates

The average salary of graduates of MBA in Banking and Finance includes INR 2.5 to 20 LPA. The job designations include:

(Source: Payscale)
Top Private Hiring Companies Job Profiles Salary (INR)
HDFC Relationship Manager 5.53 LPA
Amazon Finance Manager 8.90 LPA
ICICI Credit Manager 6.50 LPA
YES Bank Branch Manager, Banking 8.07 LPA
Accenture Senior Analyst, Finance 5.71 LPA

Some other jobs for MBA in Banking and Finance freshers in this sector are:

  • Operation Manager
  • Branch Manager (Banking)
  • Senior Associate - Investment Banking
  • Senior Business Analyst
  • Research Analyst

Job Opportunities Abroad for MBA in Banking and Finance

MBA in Banking and Finance is a versatile degree and has many job opportunities to choose from within and outside India. International corporations provide the roles of chief financial officer, financial analyst, senior analyst, and other job roles for the graduates of this MBA specialization.

Top Companies

 Check the list below for the top international companies that hire graduates of banking and finance:

  • Goldman Sachs
  • Morgan Stanley
  • Boston Consulting Group
  • McKinsey & Co
  • Barclays

Best Countries

Below is the list of top countries offering job opportunities to banking and finance graduates with MBA: 

  • Dubai
  • Germany
  • China
  • England
  • USA
  • Japan
  • Switzerland

Various Career Designations Abroad for MBA in Banking and Finance Graduate

Here is the list of career prospects for MBA in Banking and Finance graduates abroad:

  • Bank and Finance Managers
  • Accountants
  • Auditors
  • Financial Advisors
  • Banking Loan Officers

MBA in Banking and Finance Fee Structure

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