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Future Scope of MBA in Finance: Career Options, Top Recruiters & Salary

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31st Aug, 2022
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Future Scope of MBA in Finance: Career Options, Top Recruiters & Salary

If you are keen to pursue a career in Finance, you should be considering enrolling for a master’s in business administration course from a top-notch university while acknowledging the diverse scope of MBA in Finance to choose the right career. With a growing and lucrative MBA in Finance future scope, it is the best career to pursue with the right skill sets. If you are good with numbers and are analytical and have strong logical reasoning capabilities, this is the right career option.

Scope of MBA in Finance

If you track the history of the evolution of the subject, you would be surprised to know that towards the end of the 19th century, Finance and Economics were the same. Over time, the domain evolved, and a separate area called ‘Finance’ came up. Till about a few years back, Finance and Banking were thought to be correlated, but today the scope of finance has broadened. 

Today, finance is an integral part of every economy. This is the age of industrialization and automation. For industries to progress, finance plays a major role. It is also vital to mention here that many industries and companies are majorly facing financial crises. During such challenging times, expert financial managers work out relevant strategies to help organizations improve their financial health and augment their business performance.

You need to know that financial management is the core management functionality in all organizations and across all industrial verticals. It is one domain that, to a great extent, is responsible for driving the growth of the business. 

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Finance plays a crucial role in every kind of organization; big, small, medium, or micro-level enterprises. While you will initially be working as an executive or entry-level job role, you will get to work in executive and senior roles over time. After spending considerable time in the finance domain, you can also choose to work in an analytical role. 

When we talk of Finance, MBA with a specialization in this domain is considered one of the most effective programs for helping interested students discover the domain’s potential and use it to further their career. This is the course where you learn good management skills and use their innovative ideas to help strengthen the economy. 

Must Read: MBA Salary in India

Why is an MBA in Finance a Good Career Option?

When you enrol for MBA Finance, you get to learn specific financial planning skills, financial decision-making, budgeting, costing, investment management, international finance, working capital management, and corporate finance. You can then choose to enter the corporate sector, real estate, investment, banking, and all other industrial segments.

In recent years, the financial crisis that the world has endured has made MBA in Finance an attractive option for aspirants, expanding the MBA finance scope. Several financial institutions and companies have hired managers and analysts to safeguard their assets during the crisis. As a result, finance professionals and MBA Finance graduates have grown in number and are offered lucrative salary packages across leading businesses considering the growing MBA finance scope in diverse fields.

Get best MBA certifications from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

MBA in Finance Future Scope Pertains to

– Gaining extensive financial knowledge and sharpening their business acumen.

– You ready yourself for a career in finance that is usually a high-paying career option. This is one domain that offers excellent job opportunities to the interested candidates.

– You learn the art to help organizations protect their assets.

– You gain knowledge about managerial decision-making from the perspective of profitability, risks, and other financial aspects. 

– Helps you understand the entire gamut of money management that is so critical for effective financial management.

Read: Best Online MBA Courses in India

Topics Covered Within Finance

Different institutes cover topics about the following:

  1. Business Communication
  2. Business Statistics
  3. Organizational Behavior
  4. Emerging Technology: Impact on the Future of Business
  5. The Firm and The Consumer
  6. Operations Management
  7. Analysis of Financial Management
  8. Artificial Intelligence in Business
  9. Consumer Behavior 
  10. Strategic Management
  11. Financial Management and Valuation
  12. Digital Finance
  13. People Management
  14. Global Economics
  15. Principles of Financial Regulation
  16. Financial Information Systems
  17. Marketing Management
  18. Design Thinking
  19. Data Protection and Competition
  20. Financial Criminology
  21. Business, society & Government
  22. Entrepreneurship & New Venture Creation
  23. Behavioural Finance
  24. Data Visualization in Finance
  25. International Business & Finance
  26. Managing FinTech Ecosystems
  27. Blockchain & Cryptocurrency
  28. Business Ethics & Corporate Social Responsibility
  29. Business Bankruptcy
  30. Financial Statement Analysis
  31. Business income Taxation
  32. Business Simulation
  33. Digital Fraud & Risk Analytics
  34. Creating Financial Stability & Resilience
  35. Stock Market Analysis
  36. Different financial instruments with Futures and options
  37. Market trading and volatility
  38. Investment Banking

Career Options in Finance

Once you have completed the course, you can pursue the following career options:

– Investment Banker

In this, the corporate financial manager finds the feasibility of acquisitions & mergers, making investments, securing privatization, trading in financial products.

– Accounting Manager – The main role of an accounting manager is to oversee the company’s accounting department, including the flow of money and general accounts.

– Financial Analyst – The extended scope of MBA in Finance offers one of the most lucrative career opportunities in the form of finance analyst. A financial analyst is responsible for improving the company’s financial status. They keep track of profits and losses and help the business progress.

– Credit Manager – A credit manager is responsible for creating all the credit score models, setting loan terms, and determining interest rates.

– Insurance and Risk Managers – The primary role of a financial risk manager is to locate and analyze the potential risk that can be an obstacle to the company’s progression.

– Corporate Controllers – This is a very crucial position in a company. They are responsible for all the accounting and financial operations of the business.

– Treasurers – in this role, you are responsible for risk management, investments, and corporate liquidity.

– Finance Officers

– Chief Financial Officer (CFO) – This position comes at the top of a company’s hierarchy. They manage the finances of the company along with financial reporting.

– Cash Managers – This role is very similar to that of a Financial officer. A cash manager has to monitor the flow of capital. In the company to maintain the profits and understand the investment needs.

– Financial Consultant – A financial consultant offers personal advice to investors so that they can make a profit. This role requires a lot of planning and strategies.

– Asset Manager – in this role, you venture to determine the viability of assets acquisition.

– Credit Risk Manager – A credit risk manager is the one who analyses the credit risks for financial institutions like banks. Their job is to cover the losses and maintain the capital.

– Retail Banker – Retail Bank provides help with financial services for a client. They explain to them the new products and services and respond to complaints.

– Commercial Banker – A commercial banker or an institutional banker is responsible for catering to the client’s financial needs.

– Investment Portfolio Manager – Investment portfolio managers are the financial decision-makers of the company. Not only do they create, but they also implement different strategies to meet their client’s goals.

– Credit Managers – these managers are responsible for reducing the credit risks of their organizations. 

– Underwriters – Underwriters generally work for a financial organisation where their job is to assess and evaluate their clients’ financial status and provide advisory services.

– Researchers & Professors

– Corporate Bankers – advising personal and corporate customers on their financial requirements and indulging in financial planning.

  • Equity Analyst – In this area, a person is responsible for doing thorough research and analyzing the company’s position in the stock market. They use financial modelling to generate annual projections.
  • Financial Advisor – This is one of the most popular job profiles for an MBA in finance scope. In this, the person will handle all the funds of the organization or the client they are working with. Apart from this, they also advise on the company’s risk management, investments, and financial aspects. A financial advisor must be aware and up to date with the market trends to provide the right decisions for their clients.
  • Manager of Hedge Fund –  A hedge fund investment is an alternate investment option for a company that uses different strategies to provide active returns to its clients and investors. This role is popular for investment and finance companies, further extending the MBA in finance scope for aspirants.

Also Read: How to do Global MBA in India?

Personal Aptitude and Skill Sets Required

  1. Quantitative skills
  2. Happy to work with numbers.
  3. Love subjects like Statistics and Mathematics.
  4. Analyzing data and interpreting them to conclude.
  5. Understanding fundamental principles of accounting like making balance sheets, and finance.
  6. Motivated individuals
  7. Team players who believe in collaborative and coordination efforts.
  8. Multi-tasking capabilities.
  9. Report making 
  10. Have a basic understanding of the market trends
  11. Have an interest in making long-term plans.
  12. Have the capability to perform under pressure.

Leading Recruiters 

After you specialize in Financial Management, you can look forward to being employed by top recruiters’ like:

– PriceWaterHouseCoopers


– Deloitte

– Lehman Brothers

– McKinsey

– Deutsche Bank

– Barclays


– JP Morgan

– Boston Consulting Group

– Merrill Lynch

– Goldman Sachs

– Morgan Stanley

– Apple

– Samsung

– Microsoft

– Google

– Ernst & Young Nomura


– Accenture

– Wipro

– Infosys


– ICICI Bank

– Capgemini Consulting


– State Bank of India



– MASTERCARD and many other multinational companies.


Financial Packages

The future scope of MBA in Finance is, beyond any doubt, extremely rewarding. As people who have completed their financial management course, you can look at first getting trained on-the-job during the initial years. But, as you gain experience or if you are someone who has decided to enrol for the course when employed, you have very profitable prospects of earning handsome salaries and doing well in life.

This is one domain that gets the highest remunerations in the industry. While in the initial years, you can look to earn about INR 3 to 4 lakh annually in India, as you move forward and with the increasing number of years of experience, you have a really good opportunity to increase your earnings substantially.

There is a vast mba in finance future scope. If you are placed in a developed country like the US, you can expect to earn more, because as per the US Bureau of Labor Statistics, this is one segment that has the highest growth rate (more than average growth). 

What Next?

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To summarize, you need to know that if you have followed your heart and completed a course on MBA in Finance and have invested substantially, you can expect a good return on your investment. As you move from the junior level to mid and senior-level management, your salary and job profile are going to be rewarding.

If you decide to do the course today, you have a really good opportunity to grow in life because the need for financial managers is going to increase in the coming years.

upGrad works with 300 plus hiring partners at the moment – as a result, we are effectively able to offer candidates worthwhile placement after completing their MBA. If you are interested to do a Global MBA in Finance, upGrad provides an MBA in Finance from a top-UK school, Liverpool Business School.


Dilip Guru

Blog Author
He is a Growth Hacker, Digital Marketer & Blogger. He loves solving problems of scale and long term digital strategy.

Frequently Asked Questions (FAQs)

1What does an accounting manager do?

In a business, an accounting manager has a crucial role to play. Their main job involves gathering, analysing, verifying and reporting financial information. They usually work with managerial staff and other mid-level business managers. Once an accounting manager reaches a certain level, he/she may be involved in preparing and regulating annual budgets, scheduling expenditures and taking important calls when budget issues occur.

2What are the highlights of the upGrad MBA in finance program?

upGrad offers an MBA in finance from Liverpool Business School. It is a distance-learning program wherein candidates can choose from various specialisations. Some of the subjects covered in the syllabus include business communication, economics, sales and distribution management, HR, analytics, digital business innovation and enterprise and risk management. Students who opt for this program get to enjoy several benefits including 1:1 mentorship with industry leaders, 360 degree career support, networking with peers at offline basecamps and the chance to learn with students from over 15 countries across the world.

3Which to choose – MBA in marketing or MBA in finance?

Most students pursuing an MBA are confused whether they should choose finance or marketing as their specialisation. Honestly speaking, both these fields are completely different. While an MBA in marketing focuses on brand management, customer targeting and digital marketing, an MBA in finance revolves around topics such as portfolio management, risk management, analytics and organisational behaviour. Both these programs promise lucrative career options. The one you choose solely depends upon your goals, skill and where you want to see yourself in the next five years. upGrad offers a specialisation in both these fields, hence, the choice is yours.

4What is an MBA?

A Master’s in Business Administration is often referred to by the acronym MBA. This graduate-level business and management degree places a strong emphasis on leadership and managerial abilities. By obtaining this degree, you may give yourself the know-how you need to advance your career, change sectors, or even start your own business. You can also lay the groundwork for a new profession or ready yourself for better, frequently higher-paying prospects by completing this degree. Gaining useful work skills and a reputable certificate can help you stand out to hiring managers and employers in a wide range of industries.

5What is the difference between a Credit Manager and an Account Manager?

A credit manager is a specialist who oversees the credit-granting procedure for a business by assessing the creditworthiness of possible clients. An account manager, on the other hand, is an employee tasked with overseeing a specific customer's account on a daily basis. To increase sales for the firm and cut down on bad debt losses, credit managers must uphold corporate credit policy. The company representative that clients engage with most directly tends to be the account manager. A credit manager oversees the appropriate interactions with organizations including the sales department, the collection agency, and credit insurance providers. The account manager serves as a point of contact for client service, upselling, technical support, and relationship management as a whole.

6What is the average salary of a Financial Analyst?

To assist the business in making wise investments, a financial analyst thoroughly examines market trends, demography, and microeconomic aspects. The average salary of an entry-level Financial Analyst is about ₹3,55,057. The typical total compensation for a Financial Analyst in their early careers with 1-4 years of experience is ₹4,01,743. The average annual salary for financial analysts with between 5-9 years of experience is ₹609,750. An experienced financial analyst with 10 to 19 years of experience makes, on average, ₹8,64,855 in total salary. Late-career financial analysts get an average of ₹13,47,500 in total income.

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