MBA In Banking & Finance (BFSI) : Careers, Market Trend, Growth, Salary & Top B-Schools

MBA in Banking and Finance is one of the most demanding careers and after completing this postgraduate course, candidates may work in areas like Private Banks, Government Banks, Educational Institutes, BPOs, Finance Departments in Industries, Stock Exchanges, etc. The duration of the course is 2 years and the admission for the course is generally merit-based or entrance based.

BFSI Sector Market Growth & Trends

MBA in Banking and Finance Management sector is crucial and some of the job roles of MBA graduates in Banking and Finance are Banking Operations, Financial Accounting, Services Marketing, Legal Aspects of Banking, Investment Banking, Business Communication, Taxation, etc. The banking sector comprises 90% of the country's total financial services with the potential to become the fifth largest banking industry in the world by 2020.

The Indian Banking Sector holds 27 public sector banks, 20 private sector banks, 42 foreign banks, along with 61 Regional Rural Banks (RRBs), etc. It also holds 90,000 credit cooperatives. The asset of the banking sector also reached USD 1.8 trillion in FY14 from USD 1.8 trillion from USD 1.3 trillion in FY10. Undoubtedly, the Banking and Finance sector witnessed a higher growth opportunity and a tremendous business impact in the Banking and Finance sector.

Career Growth In BFSI Sector

The postgraduates in the Banking and Finance sector are typically based on Govt and Private sector. Generally, they work on job titles such as Investment Bankers, Loan Officers, Financial Consultant, Chief Financial Officer, Business Relationship Manager, Academician, etc. Also, the postgraduates specialized in this field can opt for Marketing Management, Human Resource Management, IT in Banking, Corporate Restructuring Management, etc. There are lots of opportunities open in Private Banks, Government Banks, Educational Institutes, BPOs, Banking Sectors, Finance Departments in Industries, Stock Exchanges.

MBA in Banking and Finance opens career options such as Accounts Manager, Business Analyst, Equity Research Analyst, Investment Banker, Corporate Analyst, etc. Candidates can study a Doctorate course in Banking and Finance field can further go for further studies. Candidates can get a higher position after completing the course. Most of the candidates generally choose the Charter Accountant job as this profile holds lots of opportunities in India and abroad.

Jobs after MBA in Banking and Finance

Jobs after MBA in Banking and Finance are Financial Analyst, Financial Manager, Accounts Assistant, Investment Assistant, Market Analyst, Business Analyst, etc. Apart from this, some of the typical job areas graduates work on Accounts Manager, Marketing Manager, Executive Assistant, Cashier, Equity Research Analyst, Investment Banker, Corporate Analyst, etc.

Salary

The industry offers a huge range of salaries for the massive growth of the economic industry. The salary offered to the experienced graduates varies according to the job profiles such as Financial Analysts can get an average annual salary of Rs.3,50,000. Branch Manager can get an average salary of Rs.6,00,000; Relationship Manager can get an average salary of Rs.6,30,000.

The average pay scale Rs.2,50,000 to Rs.4,50,000 per annum. Additionally, representatives can witness the increment in the salary with the expanding nature of the industry.