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Kamaldeep
09 August, 2024
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MBA in Finance and Accounting has the ability to provide you with the highest salary package, from 18 LPA to 25 LPA. MBA in Finance and Accounting is the top MBA specialisation in the job market and still counts as the top recruiting specialisation of them all. With top recruiters like JP Morgan Chase, BGC, Deloitte and Amazon, the limits of an MBA in Finance & Accounting know no bounds. In this blog, we are going to cover the top career options after earning an MBA in Finance and Accounting. Come along with us to find out the latest on the job market.
An MBA in Finance and Accounting is a two-year programme that focuses on enhancing your skills in managing financial operations and strategic planning within businesses. This MBA programme covers topics like investment analysis, financial reporting, and risk management. Imagine leading a project where you help a company double its profits through smart investments and cost management. It’s like being the mastermind behind a financial success story, making every decision count!
Do you know you can pursue an MBA in Finance and Accounting in different delivery modes, including offline, online, part-time and distance MBA? The best quality about an MBA is that it is super flexible according to your needs, lifestyle, budget and location. You can select two specialisations based on your preference and career aspiration. You can head to our website to check the latest about online MBA, distance MBA, and more.
Some of the colleges that provide regular MBA courses are:
| Regular MBA Colleges | |
| Name of the College | Fee |
| IIM Lucknow | INR 20,75,000 (full course) |
| Chandigarh University | INR 1,39,900 (per semester) |
| Amity University | INR 3,89,000 (per semester) |
| TA Pai Management Institute (TAPMI), Manipal | INR 8,67,000 (per year) |
Some of the colleges that provide online/distance MBA courses are:
| Online/Distance MBA Colleges | |
| Name of the College | Fee |
| Chandigarh University | INR 37,500 (per semester) |
| Amity University | INR 1,99,000 (full course) |
| Manipal University | INR 43,750 (per semester) |
| Chitkara University | INR ₹2,00,000 (full course) |
Check out the top 6 careers you can get after completing an MBA in Finance and Accounting from a recognised university.
After completing an MBA in Finance and Accounting, your job as a Financial Analyst would analyse an organisation’s past and present financial data to forecast future revenues and expenditures. Your duties include predicting the return on investment for various stocks and business ventures, writing financial reports, and gathering industry research to guide decision-making. You would collect data to understand trends affecting specific products, regions, or industries, helping clients make critical investment decisions.
As a Financial Analyst, you may work in different sectors, such as consulting firms, banks, and more. You would report to a supervisor or manager.
An MBA in Finance and Accounting can land you the job role of a Chief Financial Officer(CFO). If you have the right skills, experience and qualifications, you can work as a chief financial officer(CFO) at top recruiting companies. As a chief financial officer, you would be responsible for multiple tasks. These tasks would include financial strategy, risk management, financial analysis, and actively managing vendor relationships and responsibilities. The job role has more job responsibilities depending on each company’s requirements. The demand for a CFO is high in the job market. However, you would require a great deal of experience and skills from a recognised college in order to secure this job role.
As a Credit Manager, you would oversee the company’s credit-granting process. Your role involves optimising sales while minimising bad loans by enforcing a strict credit policy. You would be assessing the creditworthiness of potential customers and periodically reviewing existing customers. Credit Managers review and update the company’s credit policies, monitor loan payments, and manage bad debts. You set loan interest rates, negotiate terms with new clients, and ensure compliance with all policies and regulations. You can easily get a job as a credit manager if you are a professional in finance and accounting.
A Finance Manager job can provide you with a high salary package if you have the right skills, experience, and qualifications. You could work as a finance manager at MNCs, where you would be responsible for different tasks. These tasks include overseeing the company’s credit-granting process, optimising sales, reducing bad loans, and maintaining a strict credit policy. You would assess the creditworthiness of potential customers, review existing customers, and use credit scoring models for risk assessment. The job role varies depending on the company’s requirements. The demand for finance managers is always in the job market; it is one of those golden jobs that does not expire.
As an Accounting Manager, there are multiple job responsibilities. The good news about that is that the trend and demand for an accounting manager has been one of the oldest and yet demanded job roles in the job market. Your daily tasks can include multiple things which would require you to know good multi-tasking. You would have to prepare and review finance statements like income and other balance sheets. Lastly, you would help with budgeting and forecasting by analysing financial data and keeping an eye on expenses.
Indeed, one of the best jobs that an MBA in Finance and Accounting can pursue is that of an Investment Banker. An Investment Banker may carry different tasks and duties in the process of raising funds as well as the trends related to stocks. Investment banking professionals are supposed to establish a long-term partnership with the investors to identify their financial needs. The other tasks would entail developing investment plans, assessing investment opportunities, and reviewing the financial market to make the right buy and sell decisions on various securities. It comprises other tasks depending on the organisation, although the above are the most common job functions of a knowledge management professional.
You would be responsible for preparing tax returns for clients or providing information and advice to help clients complete their own tax returns. Moreover, you would also answer client questions, and assist them in preparing for future tax situations. Your job could also include collaborating with customers to develop strategies to reduce tax liabilities, communicating with clients to clarify tax-related concerns, and preparing tax filings.
In this position of Equity Research Analyst, you will have to create reports, do research, and analyse the financial data. Your responsibilities would entail coming up with forecasts concerning financial issues and reporting the results in meetings. There would also, process and deal with numerical information especially financial information using very good communication and analytical skills. Finally, you would guarantee that you have done enough research to compile the most accurate and useful relevant information for all the stakeholders concerned.
As a Commercial Banker, you would be responsible for working with medium- to large-sized businesses to provide banking solutions and advice. Your job role would include developing, negotiating, and closing credit products such as term loans, revolving lines of credit, and syndicated facilities. You would also manage and provide services for cash management. You would also provide tailored financial advice on topics such as growing a business, buying equipment, and funding working capital. Additionally, your responsibilities would include issuing deposit products like checking and savings accounts. Lastly, you would oversee business development by offering services such as brand development, product development, and marketing. You would also manage corporate, government, or institutional accounts and promote the bank to attract new clients.
The role of the Wealth Manager is to assist the clients in the realisation of their goals as laid down by the company. The roles that you would be occupied with include creating and sustaining client relations while at the same time fostering well-articulated financial plans, investment portfolios, and professionally informed advice. Also, you would be able to develop and coordinate the creation of specific financial solutions and investment strategies based on the goals of the client and its tolerance to risk. Thus, the daily activities that one can engage in entail suggesting investment products for clients after conducting proper market research and analysis, as well as monitoring.
Here are the top recruiters who are actively looking for an MBA graduate in Finance and Accounting:
| Top Recruiters (Part 1) | Top Recruiters (Part 2) |
| JPMorgan Chase | Deloitte |
| Goldman Sachs | PwC (PricewaterhouseCoopers) |
| Morgan Stanley | EY (Ernst & Young) |
| Citibank | KPMG |
| Bank of America Merrill Lynch | HSBC |
| Barclays | Accenture |
| Deutsche Bank | TCS (Tata Consultancy Services) |
| UBS | Infosys |
| Credit Suisse | Capgemini |
| Standard Chartered | HDFC Bank |
Here is a quick look at the salaries for each job role and the expected average. Please note that the salary ranges can vary based on factors such as location, experience, skills and organisation.
| Job Role | Average Salary (INR) | Salary Range (INR) |
| Financial Analyst | INR 6.7 LPA | INR 4.0 LPA – INR 9.0 LPA |
| Chief Financial Officer | INR 20.5 LPA | INR 14.0 LPA – INR 65.0 LPA |
| Credit Manager | INR 7.8 LPA | INR 3.4 LPA – INR 13.4 LPA |
| Finance Manager | INR 17.8 LPA | INR 4.5 LPA – INR 28.5 LPA |
| Account Manager | INR 8.8 LPA | INR 2.4 LPA – INR 16.5 LPA |
| Investment Banker | INR 17.2 LPA | INR 2.0 LPA – INR 55.0 LPA |
| Global Tax Consultant | INR 8.0 LPA | INR 2.5 LPA – INR 10.0 LPA |
| Equity Research Analyst | INR 9.8 LPA | INR 2.0 LPA – INR 15.0 LPA |
| Commercial Banker | INR 3.0 LPA | INR 2.8 LPA – INR 7.0 LPA |
| Wealth Manager | INR 7.3 LPA | INR 3.0 LPA – INR 12.0 LPA |
Source: Ambition Box
An MBA in Finance and Accounting can give you a top career in the top recruiting companies, including JP Morgan, Amazon, and more. The MBA in Finance and Accounting would open up the ticket for multiple sectors across different countries and companies. This includes banking, investment, private equity, asset management and more. You can easily get up to a 25 LPA, depending on your experience, skills, and qualifications. The power of an MBA in Finance and Accounting continues to grow in the present demand for finance and accounting experts. This is your chance to explore the world of success.
Some of the best jobs you can get after completing an MBA in finance are finance analyst, finance manager, chief finance officer, and credit manager. These are the top trending jobs for finance and accounting.
There are many different courses you can pursue to get a better job role, salary or academic knowledge and skills. This includes Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Certified Management Accountant (CMA), and expertise in Financial Modelling and Valuations.
After you complete an MBA in Finance, you can expect an average of 8-9 LPA to the highest of 18-20 LPA, depending on your job role, skills, qualifications and job market requirements.
