As a matter of fact, students of MBA finance are required in corporations, banks, asset management companies and more. They will be taken in to help the financial improvement within that specific firm that hires them. On top of this, the employment opportunities are offered for candidates not only in our country but also abroad. One big misconception people have is MBA in Finance suits those with Commerce background. It is not so. Yes, if one has commerce background, it helps in some concepts. But engineers and others also can do equally well.
The many career opportunities that are available for students of MBA finance are discussed in brief in this article.
The Finance Specialization is designed to provide students with the means to gain exposure to 5 major areas in the field of finance.
These areas include
- Corporate finance
- Financial institutions
- Investments
- Insurance
- Personal financial planning
Business Finance – entry-level positions in a credit or treasurer’s department where employees may analyze credit applications, assist in the management of bill collections, manage cash & short-term investments, prepare budgets, and handle bank relations.
Financial Institutions – Graduates joining commercial banks may train in various departments for 6-12 months until they begin positions in lending, branch supervision, operations, internal auditing, trusts, and investments.
Investments – Security analysis and investment portfolio management. Experience is usually necessary.
Insurance and Risk Management – entry level positions in areas of management training, claims adjustment, underwriting, credit management, and sales. Careers extend into employee benefits, managing exposure to financial risk, reinsurance.
Personal Financial Planning – Graduates work for an independent financial planning company or a regional branch of a national financial services company, providing services in the areas of investment, insurance, tax, retirement, and estate planning.
Career in Private sector after MBA in Finance
There are numerous companies of the private sector that needs students of finance. Apart from offering challenging jobs, the candidates will also be the recipients of lucrative salaries. Because this sector grows faster than the public sector, the chances of exciting opportunities are more. Some of the posts that are available for students at the entry level are:
- Credit Risk Management Analyst
- Financial Research Analyst
- Financial/Securities/Investments Analyst
- Personal Financial Adviser
- Portfolio Manager
As the students are taught about the finer aspects of economics, banking, accounting and market structure etc in their MBA program, they will provide to be valuable for firms, especially firms of the banking sector.
By,
Diksha Dedge (Faculty at Suryadatta Group of Institutes)