Career in Finance- Finance is a big word that means managing big money, deciding where to invest and how. It provides funds, credit and financial support to governments, companies and individuals. Finance isn’t just about saving and allocating money but also managing risk for businesses and individuals. Often associated with accounting and tax, finance goes way beyond that, it’s a broad range of financial activities.
Finance is divided into three main categories: Personal Finance, Corporate Finance and Public Finance. Each category has key functions like banking, investing, borrowing and managing funds. Every organisation needs financial experts to maintain capital balance and financial stability. For students who want to build a career in this field, studying finance from a reputed institution is a must. Financial professionals are the ones who help companies navigate through complex financial terrain and achieve their economic goals.
What is Finance?
Finance is defined as financial protection of the risks of the companies, government and a self. It is a large spectrum of commercial activity. Finance plays the same role in every field but in a different way. Lending, borrowing, saving, budgeting and forecasting are the major aspects of finance.
Future Scope in Finance
Finance is an exponentially spread system. There are several opportunities to make a career in finance. Several specialised fields have made growth in itself within a few years. Candidates can make a career in certain areas of finance which is mentioned below.
- Financial Advisor
- Private Equity
- Investment Banking
- Credit Risk Management
- Treasury
- Chief Financial Officer
- Cash Manager
- Derivatives Structuring
- Fund Management
- Risk Managers
- Public Accounting
- Corporate Finance
- Portfolio Management
- Stock Broking
Career in Finance- Eligibility Criteria
Candidates who passed higher secondary can choose bachelor’s finance course and those who are graduate or Masters in M.Com. They can also apply for several jobs such as stock market and finance-related private or government companies. The MBA course is the best way to get prominent jobs in the finance fields. You would also be able to set up your own business. Before taking admission in MBA colleges candidates will have to qualify the entrance exam such as CA, MAT, SNAP and so on. In MBA it also requires the knowledge of Maths which can be your saving grace.
Finance- MBA Institutes in India
Some of India’s prime MBA colleges to take up finance courses. Candidates can excel in their careers in finance. After completing MBA from these below-listed colleges you can get placement in prime companies with a handsome salary.
- Narsee Monjee Institute of Management Studies, Mumbai
- SP Jain Institute of Management & Research, Mumbai
- KJ Somaiya Institute of Management Studies & Research, Mumbai
- Lal Bahadur Shastri Institute of Management, Delhi/NCR
- Xavier Institute of Social Service (XISS), Ranchi
- International School of Business & Media (ISB&M), Pune
- National Institute of Bank Management, Pune
- Institute of Public Enterprise (IPE), Hyderabad
- SCMS School of Business, Kochi
- MIT School of Business, Pune
Finance: MBA Course Fees
We have shared fees configuration of some of the prime institutes with their entrance exams. Candidates can go for these MBA colleges for their better future.
| Institutes name | Course Fee | MBA Entrance Exams |
| Woxsen University, Hyderabad | Rs. 10.6 – 12.9 lakh | CAT, CMAT, MAT, XAT, NMAT |
| Indian Institute of Management (IIM), Lucknow | Rs. 19.25 lakh | CAT |
| Indian Institute of Management (IIM), Kozhikode | Rs. 20.77 lakh | CAT |
| VGSOM IIT Kharagpur – Vinod Gupta School of Management | Rs. 10.3 lakh | CAT |
| Jagan Institute of Management Studies, Rohini, Delhi | Rs. 8.00 lakh | CAT, CMAT, XAT, MAT, ATMA |
| Department of Management Studies, Delhi | Rs. 9.6 lakh | CAT |
| Symbiosis School of Banking & Finance, Pune | Rs. 12.6 lakh | SNAP |
Job Profiles in Finance
There are several opportunities for jobs such as banks, mutual fund companies and so on. We have mentioned below some instances of jobs which MBA finance graduates can opt for ahead.
- Financial Analyst
- Loan Officer
- Treasury Manager
- Financial Risk Manager
- Accounting Professionals
- Credit Appraisal Officer
- Investment Bankers
- Investment & Insurance Advisor
- Financial & Investment Consultant
- Investment & Banking Associate
- Research Executive for Debt & Equity
A career in finance is thrilling and the highest-paid fields. Candidates need to show their skills in the finance field to succeed in above-mentioned positions.
Salary in Finance Career
The following range of salary in finance increases according to it’s the position. We have shared an average salary of some respected positions in finance.
| Positions of Finance | Average Starting Range of Salary |
| Investment Banker | 7-8 lakhs |
| Financial Analyst | 4-5 lakhs |
| Compliance Officer | 5-6 lakhs |
| Financial Advisor | 5-6 lakhs |
| Loan Officer | 4-5 lakhs |
| Management Analyst | 7-8 lakhs |
| Private Equity Associate | 5-6 lakhs |
Career in Finance- Top Recruiters
Here are the top companies hiring graduates having MBA in finance and who are specialised in the field of finance are mentioned below.
- Barclays
- E & Y
- KPMG
- Morgan Stanley
- Goldman Sachs
- Merrill Lynch
- Boston Consulting Group
- Lehman Brothers
- Deloitte
- JP Morgan
- McKinsey
- Deutsche Bank
Career in Finance- Skills Required
Without learning you can not get a fruitful result in any sector. Finance is not an easy course, candidates have to sharpen their skills and knowledge, and need to bloom themselves too. These are some skills which help you to boost and build your proficiency in finance.
- Analytical skills
- Teamwork
- Communication skills
- Leadership skills
- Quantitative skills
- Ability to deal with a large number of task
- Team player
- Ability to work under pressure
- Basic knowledge of financial and accounting management
- To take criticism lightly
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