MBA Finance Salary, Scope, Jobs in India

Duration

Average Fees

INR 4 - 20 Lakhs

Rahil Ahmed

Updated on Oct 3, 2022 by Rahil Ahmed

Rahil Ahmed

Updated on Oct 3, 2022 by Rahil Ahmed

Jobs after MBA Finance are available in various domains of accounts and financial management. MBA Finance job opportunities in India are very high in both the private and public sectors. Apart from the production sector, graduates also have job scope in the banking sector.

Career Prospects and Job Scope for an MBA Finance Management

The other factors affecting the salary of an MBA in Finance scope include the type of sector one chooses to work in. After completing an MBA Finance degree, students can enter any related organization and work as a manager.

MBA Finance jobs for freshers like management trainee, financial analyst, research analyst, and more. MBA Finance jobs for students after completion of MBA Finance:

  • Cash Managers
  • Manager Consultants
  • Investing Sales Traders
  • Investment Banker
  • Investment Banking Associates
  • Credit Managers & Specialists
  • Financial Analyst
  • Corporate Controllers
  •  Insurance & Risk Managers

Job designation for MBA Finance graduates with experience

  • Financial Manager/Analyst
  • Credit Analyst 
  • Accounting Manager 
  • Risk and Insurance Manager
  • Treasurer
  • Finance Manager 
  • Cash Manager
  • Chief Financial Officer
  • Finance Director

Areas of Recruitment for MBA Finance

MBA in Finance scope in India is diverse, and graduates can look out for the corporate sector, banking sector banking, real estate, etc. The areas of recruitment are:

  • Financial Analyst
  • Accounting Manager
  • Credit Managers & Specialists
  • Investment Banker
  • Corporate Controllers
  • Finance Officers & Treasurers
  • Insurance & Risk Managers
  • Associates

MBA Finance Jobs: Gender Breakdown

Inequality between men and women in the business and corporate world is not a new phenomenon on the planet. For a long time, men dominated the financial sector. When it comes to gender equality, there are numerous reasons why women do not advance to the highest levels as quickly as men. 

One issue could be the scarcity of models. Without more female role models, newcomers to the planet may struggle to navigate it, if they even remember it exists. Some women expressed concern about balancing work and life, while others simply mentioned a lack of managerial support. Men outnumber women in finance and business, as evidenced by admissions to the school.

Salary Packages for MBA Finance

The MBA Finance scope and salary in India are around INR 3.5 - 6.5 LPA. The other factors that affect the salary packages include the type of sector students can choose to work in. 

The student's knowledge, skills, and experience play a vital role in the company's salary package. MBA Finance careers have vast job opportunities in different domains to choose from and pursue.

MBA Finance jobs salary is listed below:

Designation Salary (inr)
Relationship Manager 5.3 LPA
Accountant Manager 4 LPA
Financial Analyst 5.5 LPA

                  Source: Payscale

MBA in Finance Salary

According to Payscale, the average MBA Finance graduate's salary in India ranges from INR 2.5 - to 10 LPA. The table below contains the MBA in Finance Salary breakdown in India:

MBA in Finance Salary in India

Salary (INR)

Average MBA in Finance Salary

5 LPA

Highest MBA in Finance Salary

10 LPA

Lowest MBA in Finance Salary

2.5 LPA

Source: PayScale

Entry-Level MBA in Finance Salary

Here is a list of entry-level MBA in Finance Salary:

Job Role

Starting Salary (INR)

Financial Analyst

3.14 LPA

Finance Manager

5.11 LPA

Accounting Manager

3.56 LPA

Chief Financial Officer (CFO)

 10.24 LPA

Business Analyst

3.50 LPA

Management Consultant

6.45 LPA

Operations Manager

3.66 LPA

Relationship Manager

4.26 LPA

Bank Manager

6.14 LPA

Source: Payscale

Government Jobs for MBA Finance Aspirants

There are plenty of government jobs after MBA Finance for candidates who wish to work in the field of the government sector. Check out the table below for some of the government positions offered: 

Top Government Companies Job Profiles Salary (inr)
SBI Bank Manager 9 LPA
BSNL Account Officer 6.59 LPA
National Dairy Development Board (NDDB) Deputy Manager 10.80 LPA
Dredging Corporation of India Limited Joint General Manager 24.5 LPA
Bharat Earth Movers Limited (BEML) Assistant Manager 9.53 LPA

Source: Glassdoor

Some other MBA Finance job roles offered in this sector are:

  • Personnel Officer 
  • General Manager 
  • Manager Trainee 
  • Additional Program 
  • Officer in Different Agencies
  • Entry-Level 

Private Jobs for MBA Finance Students

MBA in Finance salary in the private sector ranges from INR 5 to 30 LPA. The job designations include:

Top Private Companies Job Profiles Salary (INR)
Goldman Sachs  Analyst Developer 19.30 LPA
Morgan Stanley  Senior Manager 27.13 LPA
Boston Consulting Group Associate 20 LPA
Bain and Company Associate Consultant  20 LPA
JP Morgan  Financial Analyst 10.05 LPA

Source: Glassdoor

Some other MBA Finance jobs offered in this sector are:

  • Investment Banking Associates
  • Management Consultants
  • Treasurers
  • Finance Officers
  • Analyst
  • Equity researcher
  • Credit Managers
  • Jobs related to the capital market
  • Jobs in the banking sector
  • Jobs in the finance department of companies

MBA Finance Salary in IIMs

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and IIM Lucknow have the highest average placements and placement records. The typical IIM placement salary for MBA Finance jobs is INR 32 LPA. Top IIM MBA Finance recruiters include McKinsey, JP Morgan, Mastercard, Goldman Sachs, and others.

NIRF Management Rankings 2020 Institute Average Salary (INR)
1 IIM Ahmedabad 31 LPA
2 IIM Bangalore 30 LPA
3 IIM Kolkata 32 LPA
4 IIM Lucknow 24 LPA
6 IIM Kozhikode 19 LPA
7 IIM Indore 20 LPA
15 IIM Tiruchirappalli 17 LPA
17 IIM Udaipur 4.8 LPA
19 IIM Raipur 16.4 LPA
20 IIM Ranchi 16.3 LPA
21 IIM Rohtak 13 LPA
30 IIM Shillong 17 LPA
33 IIM Kashipur 14.42 LPA
40 IIM Nagpur 13 LPA

Source: PayScale

MBA Finance Fresher Jobs

In India, MBA Finance positions are in high demand. Some of the most recent MBA Finance Jobs for Freshers are listed below, along with more information:

Company Name Salary (INR)
Randstad India 4 - 6 LPA
Winkler Enterprises 2 - 3 LPA
SFC Group 1.75 - 3.75 LPA
GlobeOp Financial Services 2.75 - 3 LPA
EmBridge 3 LPA

Source: PayScale

Job Opportunities Abroad for MBA Finance

Students having a degree in MBA Finance can be a part of the private and government sectors. MBA in Finance salary in India varies from INR 4.5-to 20 LPA. MBA Finance provides an excellent opportunity to work in a global market and across the world. 

There are lots of job opportunities not only in India but also abroad. Students can work in the financial sector, security firms, banking sectors, and travel industries.

Top Companies

 Check the list below for the top international companies that hire MBA Finance students:

  • Morgan Stanley
  • Boston Consulting Group
  • Goldman Sachs
  • Bain & Company
  • JP Morgan Chase & Company
  • McKinsey & Company
  • Barclays
  • KPMG

Best Countries

Below is the list of top countries offering job opportunities for MBA in Finance Management: 

  • Canada
  • United Kingdom
  • Germany
  • Australia
  • Singapore

MBA Finance Jobs in the US

Jobs for graduates with finance degrees from US universities are expected to grow at a rate of 50% between 2019 and 2029, which is significantly faster than the national average. It will result in 476,200 new job opportunities.

As a result, an MBA in Finance could lead to a lucrative career as a banker, financial controller, chief treasurer, or other positions.

Job Role Popular Recruiter Average Salary (USD) 
Financial Analyst The Boeing Company, Wells Fargo & Co., Northrop Grumman Corporation 58,776.01
Finance Manager Microsoft, DaVita Inc., Raytheon Co. 88,650.10
Financial Controller Abc Corp., Fischer Homes, SAP America, Inc, Siemens 80,938.54
Senior Accountant Baker Tilly Virchow Krause, LLP, CliftonLarsonAllen, CBRE Group 88,650.10
Accounting Manager Ernst & Young, SMG Management, M2S, Abc Corp. 69,377.76

Source: PayScale

MBA Finance Jobs in Canada

According to JobsBank.ca, the number of job openings in Canada's Finance and Investment Sector will be 22,300 over the next ten years. In comparison, 21,700 new graduates will join the labour force. Labour demand and supply are expected to remain balanced in this sector shortly.

As a result, graduates with an MBA in Finance will have an easier time finding employment in Canada.

Job Role Recruiters Average Salary (CAD)
Finance and Control Manager City of Campbellton, NB 60,419.59
CFO Reos Canada, Inc 14,1001.20
General Manager Canada Immigration and Visa Services Inc 44,1137.79
Vice President- Financial, Communications, and Other Business Services Men Canada Limited 35,2378.34

Source: PayScale

MBA Finance Jobs in the UK

Despite Brexit, there's a high demand for skilled labour within the UK financial services industry. consistent with the foremost recent Statistical Research Department studies, there'll be over 390,000 job vacancies within the finance sector in London alone by 2027.

Popular jobs within the UK after an MBA within the finance sector, also as their top recruiters, are as follows:

Job Role Recruiters Average Salary (GBP/month)
Finance Analyst AG BARR PLC 25,092.43
Finance Manager Amazon 94,119.32
Manager, Financial Markets Deloitte 64,826.31
Finance Officer Goodman Manson  33,473.40
Finance Manager Morgan Law 41,824.08

Source: PayScale

MBA Finance Jobs in New Zealand

Because it is a free, open, and export-driven economy, New Zealand's finance and business are world-class. Forbes magazine ranked New Zealand as one of the top five business countries in the world. After completing your academic degree in finance, you will be able to find work in New Zealand with a starting salary of 240,000 NZD.

Post-Study Work Permit

  • If a candidate wishes to figure out after completing their course, they will apply for one of the following visas:
  • Post-study work visa (open): enables students to work for any employer for one month following graduation.
  • Post-study visa (employee-assisted): If the work is relevant, this visa allows you to work for up to two years.

The table below shows jobs offered along with salary: 

Job Profile Annual Salary (NZD)
Financial Analyst 240,000
Actuary 278,000
Financial Banking Analysis Manager 312,000
Private Banker 286,000
Chief Financial Officer 510,000
Personal Banker 261,000
Finance Executive  380,000
Finance Actuary 230,000
Stock Broker and Dealer 215,000
Financial Manager 497,000

Source: PayScale

MBA Finance Jobs in Australia

An MBA finance specialization provides you with rigorous accounting training to help you develop financial insight. MBA finance majors are sought after by businesses to guide their business spending and financial decisions.

According to the Australian Government's job vacancy statistics, over 6,000 job postings for finance MBA graduates are made each year. In addition, the employment of Finance MBA majors is expected to grow by 6.9 per cent to 7.2 per cent over the next five years.

Job Role Top Recruiters Average Salary (AUD)
Business Analyst Westpac Banking Corp 86,267.61
Case Manager Allianz 65,954.80
Senior Business Analyst Cognizant 91,336.98
Risk Manager Commonwealth Bank of Australia 1,21,788.52
Management Consultant Deloitte Consulting LLP 96,406.35

Source: PayScale

Various Career Designations Abroad for MBA Finance Students

Here is the list of versatile job roles that attract MBA Finance graduates to work abroad:

  • Finance Management
  • Finance Executive
  • Data Entry Operator
  • Accounting Managers
  • Credit Managers 
  • Credit Specialists
  • Financial Analyst
  • Corporate Controller
  • Finance Officers Risk Managers
  • Investment Bankers
  • Sales Traders & Associates

MBA Finance Fee Structure

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