MBA in Finance - Salary, Jobs, Scope, Top B-Schools in India for MBA in Finance

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MBA in Finance is one of the most sought after specializations in India and in the whole world. As an MBA in Finance allows students to be skilled in Mathematics, Financial Management, Economics, Complex Case Solving Ability and many more. No other specialization can give students so much of dynamism than Finance gives, thus every student who has a keen nature to solve complex problems from the heap of mixed and mingled wires of business challenges, is perfect fit for Finance specialization.

But to understand what MBA in Finance is all about, we first need to understand about Finance. The prime functions of Finance are to invest reserve and multiply money with whatever decisions the Finance managers make. So, in a company if you are handling Finance that means your main objective is to take care of the money in the business in such a way that you ultimately maximize the value of the shareholders.

Finance also helps other departments like Marketing, Human Resource and Purchase to get the finance to expend the money required on Sales Promotion, Campaigning, Recruitment, On-Board Training, Buying new raw materials for manufacturing new products and many other things. Means if you are in Finance, you are sole controller of where the money is going and where the money is coming from and managing the money in such a way that eventually add value to the shareholders/owners of the company.

In this article, we will cover why should you choose MBA in Finance, the salary you can expect as a fresher, the jobs you can apply for and the scope you have as a Finance professional. And at the end we will also discuss about the top MBA schools in India which are providing MBA in Finance to students.

Scope of MBA in Finance

The reason we start the section with the scope of MBA in Finance is to make you aware of couple of things. First, when you are completing your MBA in Finance, you need to realize that you are not the only one domain of students who are in a lookout for similar kind of jobs in the market. You need to check out with students who have completed their Chartered Accountancy, Cost Accountancy, and Chartered Finance Analyst (US) courses.

Even if CA, CS and CFA are completely different professional courses, they cover all of the subjects you get to read under MBA in Finance specialization and much more. So, if you ever need to be at par with them, you cannot only be complacent with the Finance subjects, rather you need to master other domain of subjects like mathematics, quantitative aptitude, basic concepts in accounting, economics, statistics and management subjects.

The second thing you need to consider while pondering the scope of MBA in Finance is to be assured that you love to study and you have a deeper sense of curiosity all the time. You may wonder why it is so very important to have an inaccessible curiosity is the nature of the subject. Finance is not a subject which you can just conceptualize and let go. Rather it is all about mastering in-depth nitty-gritty of the subject and more.

Think about the micro and macro concept. Finance covers both. To be a good student of Finance, you need to look at the pixel view of the subject, the micro view of the subject and the details as well as you need to have a broader perspective, a helicopter view, a macro view of the subject.

If you can ponder the above two pre-requisites of pursuing MBA in Finance, then you can conquer the world. Many students of MBA in Finance struggle with the subject because they don’t work on the above two things that matter most. Continuous improvement and have a perspective of the market are essential ingredients in order to broaden your scope as Finance professional.

Suppose, you have mastered the above two things and are ready to enter into the market of Finance. What would be the series of opportunity for you? The opportunity is unlimited. Scope is the broader outline of what you can be in your career span. If you do MBA in Finance, then you can reach the level of Chief Executive Officer in the company because Finance guys know what business is all about. The prime concept of business is money. And who can manage money well can manage business well. So, just be a good student and don’t worry about the job market. If you become valuable, the world will come and offer you a job of value.

Jobs in MBA Finance

Though, not all students opt for jobs after doing MBA in Finance, a lot of students do. There are series of career paths you can take which will ultimately set the course of your career. But before choosing any jobs, you need to make sure that the set of the sail is clear because your first job will decide in which direction your professional life will go.

The below mentioned are the areas of jobs you can aim for after completing your MBA in Finance.

  • Asset Management
  • Corporate Banking
  • Derivatives Market
  • Corporate Finance
  • Portfolio Management
  • Hedge Fund
  • Stock Market
  • Bond Market
  • Taxation
  • Treasury 
  • Valuation
  • Credit Analysis

Top Recruiters

If you complete the MBA in Finance, then there are recruiters who are considered the cream in the market. If you can apply and get into one of the following recruiters, you may have the opportunity to start with career with flying colors.

  • JP Morgan
  • Barclays
  • Deutsche Bank
  • Goldman Sachs
  • Morgan Stanley
  • Merrill Lynch
  • McKinsey
  • Salary

If you would like to earn most salary in Indian market, you better opt for Finance specialization. It is not because you want more money for which you should pursue your MBA in Finance, but it can be one of many reasons. Why a student of MBA in Finance gets paid more? Because what an MBA in Finance can bring to the table is very dynamic and very complex and other students from different specializations like Human Resource, Marketing and International Business need to depend on people who are well versed in Finance. It is no way that if you choose other specializations you won’t progress in your career, but if you choose Finance, it would definitely help you broaden your perspective about business and career.

The minimum salary you can expect after completing your MBA in Finance in India is around 500,000 INR and it can go up to 12,00,000 INR. It can be more if you complete your Finance specialization from top-notch institutes of India.

Let’s look at the top-notch institutes of India and how well they can equip you with financial skill.

Top MBA Schools in India for MBA in Finance

It is always better to reach for your highest potential. If you don’t aim for highest, then often you will sell yourself short and limit your ability to be world class. If you would like to pursue your MBA in Finance in India, thus, it is always recommended that you aim for the top-notch institutes which offer Finance specialization.

Yes, it is easy to go for 2nd tier MBA schools, but that will also give your 2nd grade results. Get ready and have a look at the top-notch B-Schools in India which provide you the best finance course you can ever imagine to receive.

IIM, Ahmedabad

Naturally, this is the number one institute which offer specialization in Finance by virtue of offering Post Graduation Diploma in Management to the top-class students in India and in few cases abroad. To get into India’s number one MBA Institute, you need to score at least 99 percentile in CAT examination. You can also apply for GMAT, but you need to get a score of above 670 to have a chance for applying. The total course fee is near around 20, 00,000 INR. The average salary you can draw after completion of the course is more than 15.1 L INR.

IIM, Calcutta

IIM, Calcutta is the second best college in offering Finance specialization in India. This institute also provides PGDM and Finance is one of most sought after specialization. To get into this institute, you need to score around 97 percentile and above and if you would like to get into the institute via GMAT, you need to score 650 above. The fees of the course are little above 16, 00,000 INR and the average salary you would get after completion of the course is near about 15 L INR per annum.


After IIM if you think about an institute, then XLRI is the one. The best specialization it offers is Human Resources. But after Human Resources, Finance is the most famous among students. It is the third in India in offering best Finance specialization. To get into this institute, you need to score more than 94 percentile in XAT and if you would like to apply in this institute through GMAT, you need to score 600 and above. The course fee is around 16.8 L INR and the average salary one can get is 15 L per annum.

Faculty of Management Studies

This is one of the cheapest and most prestigious institutes in India. To study in this institute, you only need to pay 21K for the whole course, however, it offers one of the best Finance course in India. To be able to enter into FMS, you need to score more than 98 percentile in CAT. That means only cream students can get into FMS. The average annual salary you can expect after completing MBA in Finance from FMS is 15L p.a.

S.P. Jain Institute of Management and Research

This is also one of the most sought after institutes after IIM, XLRI and FMS. It offers excellent Finance specialization which every student can be proud of. To get into this institute you have multiple options. You need to score more than 85 percentile in both CAT and XAT to get an entry point. Other than that, you can also apply via GMAT score which needs to be more than 650 and above. The fees for this course are around 14L INR and the average annual salary you can expect is 13.8L INR p.a.