An MBA in Finance in India promises a career filled with tremendous opportunities, hype, high salaries, and fast growth. As the world’s fastest-growing major economy, India offers exciting and challenging openings for MBA in Finance degree holders across various industries. This blog post explores the immense scope, and hype surrounding MBA Finance, job and salary prospects, and top recruiters for MBA Finance graduates in India.
MBA in Finance India: Overview
| Degree Level | Masters |
| Full-Form | Master of Business Administration in Finance |
| Duration | 2 Years |
| Minimum Percentage | 45%-50% in 10+2 |
| Average Fees Incurred | INR 6 -25 lakhs |
| Average Salary Offered | INR 5 – 9 lakhs per annum |
| Employment Roles | Financial Advisory, Insurance, Investment Banking, Hedge Fund Management, Credit Risk Management, Insurance. |
Types of MBA Finance
Students and professionals have the flexibility to choose from 4 different means of course learning in accordance with their present conditions, requirements, and future goals. There are multiple kinds of courses within MBA in Finance India discussed below:
| Types of MBA in Finance | Duration |
| Full-time MBA Finance | 2 years |
| Part-time MBA Finance | 2 to 3 years |
| Distance MBA in Finance | 2 years |
| MBA Finance Online | 2 to 4 years |
Eligibility for MBA in Finance
To be eligible for admission to an MBA Finance program, you generally need:
- A bachelor’s degree in any discipline with a minimum of 50% marks
- Competitive exam scores in CAT/XAT/SNAP/NMAT/GMAT
- Work experience is an advantage at top colleges
Popular MBA Entrance Exams
Some of the popular management exams accepted by leading MBA colleges in India include
- CAT – Common Admission Test
- XAT – Xavier Aptitude Test
- SNAP – Symbiosis National Aptitude Test
- NMAT – NMIMS Management Aptitude Test
- CMAT – Common Management Admission Test
Top MBA Colleges in India for MBA in Finance
Some of the best MBA colleges offering MBA in Finance programs are:
- UBS- Universal Business School, Mumbai
- BML Munjal University, Haryana
- SOIL Institute of Management, Haryana
- IBI- I-Business Institute, Delhi NCR
- IIEBM- Indus Business School, Pune
- RIIM- Ramachandran International Institute of Management (RIIM), Pune
- ISBR- International School of Business & Research, Bangalore
- IIBS- International Institute of Business Studies (IIBS) Bangalore
- Alliance University
- Atlas Skilltech University, Mumbai
- Mitcon Institute, Pune
- Jaipuria Institute of Management, Noida
MBA in Finance India Fees
The average fee for pursuing an MBA in Finance from top B-schools in India ranges between ₹10-25 lakh for the complete 2-year program.
MBA Finance Syllabus
Core subjects covered in an MBA in Finance course include:
- Financial Management
- Security Analysis
- Financial Markets and Institutions
- Corporate Finance
- Management Accounting
- Taxation
- Financial Derivatives
- Valuation
Key Skills Developed
An MBA in Finance helps build the following crucial skills:
- Financial modeling and analysis
- Handling valuation and investment decisions
- Risk management
- Understanding capital markets
- Interpreting financial data and statements
- Asset management expertise
Jobs after MBA in Finance India
With an MBA in Finance degree, you can explore roles such as:
- Investment Banker
- Equity Analyst
- Financial Advisor
- Credit Analyst
- Fund Manager
- Financial Consultant
- Portfolio Manager
Salary Scope after completing MBA in Finance
The average starting salary after an MBA in Finance from a top B-school ranges between ₹9-25 lakh per annum. High performers can earn ₹25-45 lakh per annum within 5 years.
Scope of MBA in Finance Degree in India
An MBA in Finance degree opens doors to a wide range of lucrative career options in India. As the country continues its economic success story, the scope for finance professionals widens every year.
Top Global Recruiters for MBA in Finance Graduates
Some leading global companies that recruit MBAs with a finance specialization include:
- Investment Banks – Goldman Sachs, Morgan Stanley, and JP Morgan
- Commercial Banks – Citibank, HSBC, Standard Chartered
- Consulting Firms – McKinsey, Bain, and Boston Consulting Group
- Rating Agencies – S&P, Moody’s, and Fitch Ratings
With an MBA Finance degree from a top Indian business school, graduates can explore opportunities in investment banking, commercial banking, financial analysis, corporate finance, financial management, insurance, equity research, private equity, venture capital, and more. The application of financial skills spreads across sectors like information technology, e-commerce, financial services, manufacturing, real estate, and others.
Top Recruiters in India for MBA in Finance Graduates
Some top companies in India that recruit MBA Finance graduates are:
- Investment Banks – Goldman Sachs, JP Morgan, Avendus Capital
- Commercial Banks – HDFC, ICICI, and Axis Bank
- NBFCs – Bajaj Finserv, TATA Capital
- Private Equity Firms – KKR, Blackstone, Bain Capital
Ongoing reforms and simplification of regulations also encourage foreign companies and investors to set up operations in India. This creates additional openings for talented MBA in Finance degree holders. Overall, pursuing an MBA in Finance in India promises a fulfilling and financially rewarding career.
Hype Surrounding MBA in Finance India
MBA degrees, especially in popular specializations like Finance, come surrounded by great hype in India.
- An exceptional 200-300% increase in finance sector jobs over the last decade has amplified the hype.
- Rising incomes, economic growth and a strong employment market contribute hugely to the hype around MBA in Finance degrees in the country.
- Lucrative pay packages offered to graduates by top recruiters also add to the hype.
Further, a challenging curriculum that pushes students out of their comfort zone gives graduates an edge in the job market. This builds additional hype for MBA in Finance offerings from India’s premier B-schools.
As employers scramble to recruit talent with financial skills, students compete fiercely for limited seats, multiplying the hype surrounding MBA Finance.
Exciting Career and Salary Prospects for MBA Finance Degree Holders
According to recent surveys, Finance continues to be the most preferred specialization among MBA in India. The reason is clear – exciting career prospects and salaries upwards of INR 20 lakhs per annum on average.
Investment banking is the most lucrative MBA in Finance career in India currently, with starting salaries averaging INR 20-30 lakhs per year. Professionals get opportunities to work on billion-dollar mergers & acquisitions, IPOs, and private equity deals and interact with industry captains daily.
Commercial banking also offers excellent openings for MBA Finance graduates, who can aspire to become loan officers, mortgage bankers, credit analysts, risk managers, etc. Additionally, finance aspirants can consider profiles in corporate banking, retail banking, financial research, and back-office functions in banks. Compensation averages a healthy INR 8-15 lakhs a year in the banking domain.
Alternatively, financial management roles in corporate firms and multinational companies also attract MBA Finance students in India. Here, they can become finance controllers, treasurers, credit managers, financial analysts, or CFOs later in their careers. Salaries typically range between INR 12-18 lakhs annually in these profiles.
Other lucrative finance careers like hedge fund management, private equity, insurance, fintech, and equity research also offer CTCs upwards of INR 15 lakhs per year for MBA Finance degree holders.
Top Recruiters for MBA Finance Degree Holders in India
Given the consistently high demand and supply gap for financial talent in India, top recruiters offer lucrative job roles and exceptionally high salaries to MBA in Finance graduates.
- Investment banks like Goldman Sachs, Morgan Stanley, Bank of America – Merrill Lynch, and JPMorgan Chase are the leading recruiters with the most generous salary packages.
- Consulting majors like McKinsey, Bain, BCG, and Deloitte also hire MBAs for their finance consulting divisions.
- Among banks, Axis Bank, ICICI, HDFC, Kotak Mahindra, Standard Chartered, and Citibank offer both front-end and back-end finance roles for MBAs with attractive pay.
- Additionally, new-age fintech players and financial services unicorns like Cred, PhonePe, Groww, and Paytm also tap premier B-schools to hire eager MBAs with financial skills.
The best-paying profiles typically get lapsed up during final placement sessions in elite IIMs and other top 10 MBA colleges. Competition is intense for MBA talent with a finance specialization from these institutes. Recruitment also happens through off-campus drives, job portals, and finance domain networks for freshers and lateral hires.
Summing Up – Lucrative Prospects for MBA Finance Degree in India
In summary, a degree in MBA in Finance spells bright career and salary prospects for graduates in India currently. The domain promises exponentially growing job opportunities across industries like banking, broking, corporate finance, and financial services.
MBA aspirants keen to create wealth by leveraging their financial skills will find the hype surrounding an MBA in Finance in India appropriately justified. With sound fundamentals and analytical abilities acquired during the degree tenure, graduates can realize their ambitious career goals in finance.
Collegedunias is among the top consulting firms known for the wide range of options provided to students in whatever course they want to pursue in India as well as in Abroad to continue their academic journey.
To be eligible, you need a bachelor’s degree with minimum 50% marks + good CAT/XAT/NMAT scores. Work experience will be an added advantage.
Core subjects include Financial Management, Markets, Accounting, Taxation, Valuation, Derivatives, Corporate Finance.
Key skills include financial modeling, valuation, investment analysis, risk management, and interpreting financial statements.
The average starting salary ranges between ₹9-25 lakh per annum. High performers can earn up to ₹25-45 lakh within 5 years.
Leading recruiters include investment banks, commercial banks, consulting firms, PE funds, and NBFCs like Goldman Sachs, JP Morgan, BCG, KKR, HDFC Bank, etc.