Highest Paying Finance Jobs after an MBA
An MBA in Finance is currently a trending specialization. Why not? The finance industry is on a boom. There is a demand for skilled professionals to lead in these specialized roles. With an MBA in Finance, a student is geared to transition into these roles effortlessly. As a prospective candidate, it is crucial to have an idea of salaries to be expected before pursuing an MBA in Finance. Here are some of the top-paying roles for MBA in Finance graduates with salaries.
1. Chief Financial Officer (CFO)
The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company. Their duties include tracking cash flow, financial planning, analyzing the company's financial strengths and weaknesses, and proposing corrective actions. CFOs often work closely with the CEO and other executives to develop strategies that align with the company's financial goals. They play a critical role in long-term financial planning and decision-making.
Average Salary : 53.8 LPA source
2. Project Manager
Project managers oversee projects from initiation to completion, ensuring they are completed on time, within scope, and budget. They are responsible for planning, executing, and closing projects, as well as managing project teams, resources, and stakeholders. Project managers use various tools and methodologies to ensure projects are well-organized and meet client expectations. They need strong organizational, leadership, and communication skills.
Average Salary : 42.8 LPA source
3. Chief Risk Officer (CRO)
The Chief Risk Officer (CRO) is an executive responsible for identifying, analyzing, and mitigating risks that could threaten the organization’s assets or earning capacity. CROs develop risk management strategies, implement risk mitigation plans, and ensure compliance with regulations. They work closely with other executives to align risk management with business objectives and may also oversee risk-related functions such as internal audit and insurance.
Average Salary : 42 LPA source
4. Management Consulting
Management consultants help organizations improve their performance and efficiency. They analyze business practices, identify areas for improvement, and develop strategies to achieve the company’s objectives. They often work with senior management to implement changes and may also be involved in training and development initiatives.
Average Salary : 27 LPA source
5. Investment Banking
Investment bankers help companies, governments, and other entities raise capital by issuing stocks, bonds, or other securities. They also provide advisory services for mergers and acquisitions (M&A) and other financial transactions. Investment bankers work closely with clients to understand their financial needs, create financial models, and execute large-scale transactions. They often work long hours and need strong analytical, negotiation, and communication skills.
Average Salary : 16.5 LPA source
6. Financial Analyst
Financial analysts evaluate financial data to help businesses make informed decisions about investments, budgets, and strategies. They analyze financial statements, market trends, and economic conditions to forecast future revenues and expenditures, assess the financial health of organizations, and provide recommendations based on their analyses. Financial analysts can work in various settings, including banks, insurance companies, and investment firms.
Average Salary : 6 LPA source
7. Credit Analyst
Credit analysts evaluate the creditworthiness of individuals, companies, or securities to determine the likelihood of repayment. They assess financial statements, credit histories, and other financial data to make recommendations about granting loans or extending credit. Credit analysts work for banks, credit rating agencies, investment firms, and other financial institutions. They play a critical role in managing credit risk and maintaining the financial stability of their employers.
Average Salary : 9 LPA source
8. Equity Analyst
Equity analysts specialize in analyzing stocks and providing investment recommendations. They evaluate financial statements, market trends, and other relevant data to assess a company’s value and potential for growth. Equity analysts typically work for brokerage firms, investment banks, hedge funds, and asset management companies. They create reports and models to support their recommendations and may also communicate their findings to clients and other stakeholders.
Average Salary : 6 LPA source
Conclusion
Convinced already? Indeed an MBA in Finance is a good career decision. There are a plethora of roles as per one's interest. However, it is essential that you pursue an MBA in Finance from the best business school. ITM Business School is a good choice given its track record of churning out quality, with the top package grossing at 21 LPA. Don’t wait, enroll today for a successful career.
