Top 10 Career Options after MBA in Finance: Roles, Salary Trends & Future Scope

A report by the Bureau of Labour Statistics says that there will be 942,500 job openings in the business and financial occupations, faster than the average for all occupations from 2024-34. The data suggests high demand for skilled finance professionals owing to the increased complexity of the global financial landscape and the rise of emerging fields like Fintech and Blockchain, creating new jobs for MBA in Finance graduates.

An MBA in Finance is a specialised post-graduate degree. This degree prepares the graduates to handle the financial management of any organisation. With a specific focus on areas like corporate finance, risk management and investment analysis, an MBA in Finance continues to be a sought-after career among students for the stability of income and scope of professional growth it offers.

With an MBA in Finance degree, you can move beyond the traditional job prospects to emerging careers like digital banking and sustainable finance. Evidently, the scope of opportunities is huge in the finance sector and yet many students struggle to pick the right career after an MBA in Finance.

This article can help you understand in detail about the top 10 career options after MBA in Finance to increase your chances of landing a high-paying job that offers security and stability in the future.

Top 10 Career Options After MBA in Finance 

With in-depth knowledge about the financial health of an organisation and the skills required to manage and improve it, candidates stand the opportunity of entering some of the highest paying careers after an MBA in Finance.

Take a look at the top 10 careers after MBA in Finance:

1. Investment Banker
2. Financial Analyst
3. Corporate Finance Manager
4. Risk Manager
5. Accounting Manager
6. Portfolio Manager
7. Wealth Manager
8. Credit Analyst
9. Equity Research Analyst
10. Chief Financial Officer (CFO)

For a deeper understanding of the top 10 jobs after MBA in Finance, let's delve into the role, future scope, average salary, highest-salary and skills required for each of these professions.

1. Investment Banker

Role 

Investment banking is one of the popular career choices after an MBA in Finance. Investment bankers work with financial corporations, private or public organisations to help them raise capital to yield highest returns.

Investment bankers use their sharp wits to underwrite IPOs, issue stocks, bonds and offer advice to the company of mergers and acquisitions. Their job is to connect investors with companies in need of funds.

Future Scope 

Sources projects a 70% surge in investment banking roles by 2030 with the growing demand for data-based financial advice and strategic execution. 

Average Salary in India 

₹7.9 to ₹14.2 LPA

Highest Salary 

₹1.2 Cr to ₹3 Cr+ Annually

Skills Required 

• Financial and technical skills
• Analytical and problem-solving skills
• Clear communication and great presentation skills
• Attention-to-detail
• Excellent time management and strong work ethics

2. Financial Analyst

Role 

The job of a financial analyst is to investigate microeconomics and macroeconomics data of a company to assess their financial health and performance. They are responsible for offering insights on financial decisions after analysing the market, identifying trends and data mining.

Financial analysts work closely with the accounts department to prepare detailed financial reports using balance sheets, cash flow statements and make presentations.

Future Scope 

BLS reports a projected growth of 6% in financial analyst jobs from 2024-34, faster than the average of all occupations, making it a career in demand in the future.

Average Salary in India

₹4.5 LPA to ₹15.4 LPA

Highest Salary 

₹57.6 L to ₹1 Cr Annually

Skills Required 

• Data analysis
• Budgeting and forecasting
• Financial modeling
• Accounting skills
• Excel proficiency

3. Corporate Finance Manager

Role 

The role of a corporate finance professional is crucial to an organisation. They act as the spine of a company as they are responsible for its financial planning and analysis.

From setting the budgets, writing financial statements, helping in investment decisions and offering financial advice to the organisation, corporate finance professionals keep the company financially stable.  

Future Scope 

The corporate finance market revenue is projected to reach $16.53bn in 2025 with an expected annual growth of US$17.16bn by 2030. The steady market expansion hints at rising demand for corporate finance professionals. 

Average Salary in India 

₹12 to ₹20 LPA

Highest Salary 

₹1 Cr Annually

Skills Required 

• Risk management
• Financial analysis and reporting
• Analytical and quantitative reasoning
• Budgeting
• Digital literacy

4. Risk Manager/Analyst

Role 

The primary role of risk managers/analysts is to mitigate and manage risks in the financial stream of an organisation. Risk management is a continuous process of analysing data for potential risks and developing strategies and processes to reduce or avoid them.

It is also a meticulous job as the risk manager or analyst is required to work with regulatory framework to ensure that the company aligns with compliance and sound financial practices.

Future Scope 

Reports suggest that the global risk management market is projected to grow at a CAGR of 14.4% from 2025 to 2034, indicating a high-demand and rapidly expanding future for risk managers.

Average Salary in India 

₹11 to ₹54 LPA 

Highest Salary 

₹1.5 Cr. Annually 

Skills Required 

• Risk analysis
• Regulatory compliance
• Risk management litigation
• Risk mitigation
• Data analysis

5. Accounting Manager

Role 

Accounting managers lead the accounting team of the organisation. Their job role extends from managing everyday operations of the department to preparing financial statements, conducting annual audits and documenting and improving accounting principles and policies of the company.

This is one of the most-detailed oriented careers in finance, requiring excellent grasp of bookkeeping, accounting standards and laws. 

Future Scope 

The BLS report indicates a growth of 5% in the employment of accountants and auditors with  124,200 job openings projected every year. This shows a positive and stable growth in the demand for accounting managers. 

Average Salary in India 

₹15 to ₹50 LPA

Highest Salary 

₹50 LPA

Skills Required 

• Tax and regulatory knowledge
• Auditing and internal controls
• Strong leadership and communication
• Financial analysis
• Attention to detail

6. Portfolio Manager

Role 

A portfolio manager has to work closely with the clients’ financial goals. They are required to manage investment strategies, assess risk tolerance and closely monitor and adjust the clients’ portfolio to maximise their returns and minimise the risk while staying aligned with market conditions.

Portfolio Managers are responsible for developing, implementing and managing investment strategies for individual or institutional clients to maximise returns while considering their risk tolerance and financial goals. They work to achieve specific investment objectives, such as capital appreciation or stable returns, while mitigating risk.

Future Scope

BLS projects 15% employment growth for financial managers (a category that includes portfolio managers) from 2024 to 2034.

Average Salary in India 

₹15 to ₹40 LPA

Highest Salary 

₹70 LPA 

Skills Required 

• Good communication skills
• Risk management expertise
• Analytical abilities
• Strategic thinking
• Portfolio construction & optimisation

7. Wealth Manager

Role 

Wealth management is one of the most meticulous jobs in the finance sector. A wealth manager’s role goes beyond learning and acing the technicalities. They also have to earn the trust of their clients.

A wealth manager is responsible to manage the finances of affluent clients and devise personalised strategies and comprehensive financial plans for their long-term growth and preservation of wealth. They also offer advice for better investment and management. 

Future Scope 

The wealth management sector is growing globally with the market volume predicted to rise to US$176.54 trillion by 2030, growing at a modest 2.46% CAGR. Financial advisory services continue to contribute the most in the sector and are expected to grow at a stable rate.

Average Salary in India 

₹3.0 to ₹12.0 LPA 

Highest Salary 

₹55 LPA 

Skills Required 

• Trustworthiness
• Market analysis
• Financial planning
• Investment and portfolio management
• Knowledge of tax and estate laws

8. Credit Analyst

Role 

The role of a credit analyst is to analyse the creditworthiness of a client. They are required to analyse financial data like the credit history to minimise bad debt in compliance with the credit policy.

Credit Analysts help lenders to mitigate risk, monitor existing risk and help the lenders make informed decisions. 

Future Scope 

As per the BLS, the job growth for financial analysts, which includes credit analysts, is projected to grow by 6% from 2023 to 2033. 

Average Salary in India 

₹10 to ₹15 LPA

Highest Salary 

₹45 LPA

Skills Required 

• Financial statement analysis
• Quantitative skills
• Analytical and critical thinking
• Software proficiency
• Industry knowledge

9. Equity Research Analyst

Role 

An equity research analyst is known to analyse the market and competitors to gauge their performance and develop strategies to help their clients with good guidance and investment strategies.

The job of an equity research analyst is to provide sound insights to investors on buying, selling or holding the stocks of the companies. They also write detailed reports on the findings of their market research.  

Future Scope 

As per the BLS, the job growth for financial analysts, which includes equity research analysts, is projected to grow by 6% from 2023 to 2033. 

Average Salary in India 

₹3 LPA to ₹25 LPA

Highest Salary 

₹80 LPA

Skills Required 

• Financial modelling and forecasting skills
• Equity valuation skills
• Accounting and writing skills
• Industry & market knowledge
• Data analysis tools like Excel

10.Chief Financial Officer (CFO)

Role 

It is one of the highest ranking careers after an MBA in Finance where you report directly to the CEO of an organisation. The main task of a CFO is to maintain and improve the fiscal health of a company by financial planning, budgeting and forecasting.

A Chief Financial Officer works closely with the accounting team and the head of all departments to understand the financial position of the company and make sound investment decisions on their basis.

Future Scope 

The BLS projects 15% job growth for financial managers from 2024-34, which includes high ranking profile of CFO, much faster than the average for all occupations.

Average Salary in India 

₹13 to ₹35 LPA

Highest Salary 

₹1-₹2 Cr. Annually

Skills Required 

• Financial management
• Forecasting and strategic planning
• Capital allocation
• Data analysis and modeling
• Leadership and strategic thinking

Government Jobs After MBA in Finance

The list of careers after MBA in Finance is not limited to the private sector. The security and stability of a government job is also available for Finance MBAs.

Take a look at the list of government jobs after MBA in Finance with their respective annual salaries:

Top Recruiters After MBA in Finance

Investment banks, consulting firms and large corporations are among the top recruiters looking for MBA finance graduates.

1. Goldman Sachs
2. J.P. Morgan Chase & Co.
3. Morgan Stanley
4. Citigroup
5. Barclays
6. HSBC
7. McKinsey & Company
8. Deloitte
9. KPMG
10. PwC
11. EY (Ernst & Young)
12. Accenture

MBA in Finance at BML Munjal University: Shaping Financial Leaders of Tomorrow 

At BML Munjal University, we believe that the future belongs to innovators, leaders and entrepreneurs who are ready to put extra effort and smart work.   With that intention, the School of Management gives students the competitive edge with an interdisciplinary curriculum and its commitment to thought leadership.

BMU’s management programmes are shaped with the collaborative efforts of Imperial College London’s mentorship, which lays emphasis on hands-on learning, practical knowledge and life skills. The MBA courses offered at BMU are crafted for long-term success of students, equipping them for fulfilling careers.

Here is a list of all the MBA specialisations offered at BML Munjal University:

• Marketing
• Finance
• Human Resources
• Business Analytics
• Operations & Supply Chain Management
• Entrepreneurship
• Strategic Management

Why BMU’s MBA in Finance is a Smart Choice

Enrolling in the MBA in Finance course at BMU can be a rewarding learning experience for you. With the real-world case studies, experiential education and an opportunity to develop skills like financial modelling, data-led decision-making and strategic financial planning, BMU can shape your destiny to be a future leader. The university prepares students to become leaders in the finance sectors by offering them:

• Global immersion programmes
• Business leadership luncheons
• Entrepreneurial education
• Internships and projects opportunities
• Expert faculty
• Exposure to faculty with international experience

Final Words 

Finance is an ever-expanding sector, with the need for professionals with strong business acumen. With the emerging trends like Fintech, Blockchain and Sustainable Finance, the demand for finance professionals is on the rise.

An MBA in Finance is a future-relevant career prospect that can turn your financial potential into a rewarding career possibility. The jobs available to finance professionals are not limited to the private sector, they can move to public offices or become an entrepreneur.

However, to achieve any of it, you need a strong foundation in understanding finance. What sets a layman and professional in finance apart is the difference in their education, exposure and attitude. By pursuing an MBA in Finance at BML Munjal University, you stand a chance to shine brighter in a crowd of people.

With the hand-on learning imparted by world-class faculty, BMU enables you to rule the financial world by landing in one of the top paying careers in finance, all based on your merit, acumen and attitude. At BMU, your skills are polished to shine, while keeping your spark alive. Be a part of change, become a future innovator and leader with an MBA in Finance at BMU!