Govt Jobs After MBA in Finance: The finance sector is mainly an integral part of the economy. It deals with the management of money which includes lending, borrowing, investment, and trading of wealth and assets.
The growth and development of the economy are directly proportional to the growth of services in financial sectors, which results to increase job opportunities for professionals in finance.
If you are interested and want to make your career in the finance sector, then you can join courses like MBA in Finance, BA Economics, B.com, etc. MBA in Finance is two years post-graduate course that consists of topics like Finance, Analytics, and Budgeting system.
With the help of this course, students will become experts in certain areas like managing, handling, and accounting of finance of any financial institution or organization.
After completing this course, you will get opportunities in various organizations such as Business Analysts, Financial Analysts, Investment bankers, Finance Managers, Operation Managers, Credit Risk Analysts, Manager consultants, etc.
Some popular areas where an MBA Finance degree holder can work are financial institutions, stock exchanges, insurance companies, banks, trading organizations, mutual funds, etc.
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Best Government Jobs After MBA Finance
After MBA in Finance will open up a wide range of job opportunities in the government sector for various posts.
Most of the candidates after MBA in Finance want to join the government sector for its stability, optimum salary, and other benefits like pension after retirement, paid vacations, and health insurance.
In the following sections, we will about different roles and jobs in government sectors after MBA in Finance.
Also Read: How to Prepare for Govt Exams?
1. Financial Analyst
- Average Salary: ₹ 4,00,000 – 8,00,000 per annum.
- Eligibility: At least 50% in bachelor degree from a recognized university.
- Recruiting Areas: Multinational Corporations, Reserve Bank of India, Financial Institutions, Private and Public sector organizations, Insurance Companies, etc.
The Financial Analysts analyze the performance of the institution in respect of the business. They prepare a report on the basis of market conditions and choose a strategy accordingly.
Financial Analysts can work in different organizations with varied roles like Buy-side Analysts, Sell-side Analysts, Security Analysts, Equity Analysts, and Treasury Analysts.
If you have an interest in business and finance-related topics, then after the completion of the 12th board examination, you can join the Undergraduate course. Also, you can take admission in MBA Finance after graduation with 50% marks.
In case, you want to pursue a course in MBA Finance, need to appear in entrance examinations like MAT, CMAT, CAT, SNAP, etc.
2. Accounts Officer
- Average Salary: ₹ 5,00,000 – 10,00,000 per annum.
- Eligibility: MBA in Finance, BBS, B. Com, BBA in Finance, BBM in Finance.
- Recruiting Areas: Financial Analyst, Relationship Manager, Accountant, collaborator, Financial Manager, Innovator, etc.
Accounts officers perform almost all the operations related to financial aspects like finance, budget, stock investments, and accounts of an organization. For this reason, they are known as the real king of financial sectors.
They prepare strategies to avoid any kind of loss and make new ways to overcome losses. They prepare a report on the income and expenses of the company within a specified time period. All types of transactions, payments, and invoice generation are done under their supervision.
Interested candidates can choose to pursue their career as an Accounts officer by completing certain courses like MBA Finance, BBA Finance, BBA Accountancy, BBA Marketing, etc. Some familiar entrance examinations to join these courses are NPAT, JAT, SET, DU, etc.
3. Bank Manager
- Average Salary: ₹ 3,00,000 – 10,00,000 per annum.
- Eligibility: MBA in Finance or other equivalent programme.
- Job Profiles: Financial Planner, Finance Advisor, Senior Manager, Junior Manager, Branch Manager, etc.
Bank Managers are posted in a particular branch of a bank to manage all the functions operated in that branch. In some cases, Bank Manager take the decision as to whether the bank will lend money or allot a loan to a particular individual or not.
If there is any kind of operational issues in the bank, then the Bank Manager is responsible to solve this problem. They also play an important role to promote their products and ensure that customers are provided with the required services.
4. Assistant Manager
- Average Salary: ₹ 5,00,000 – 20,00,000 per annum.
- Eligibility: Graduation and 3-5 years of experience in the respective field.
- Job Profiles: Manufacturing Industries, Management Institutions Corporate Offices, Educational Institutions, etc.
Most of the managerial work is done by an Assistant Manager in a business organization. They have direct interference in various policymaking, budgeting, setting targets, monitoring, arrange training for freshers.
According to their performance, Assistant Managers are of various types such as Senior Assistant Manager, Assistant Store Manager, Senior Associate, Senior Executive, etc.
5. Joint General manager
- Average Salary: ₹ 5,00,000 – 15,00,000 per annum.
- Eligibility: Graduation along with some experience in the relate field.
- Job Profiles: Junior General Manager, Senior General Manager, etc.
The major responsibility of a Joint General manager is to hire required employees, provide training, and monitor the performance of employees in an organization.
They also prepare a plan for the profitability of the institution. Before, promote to this post, you need to get an experience of 3-5 years at the junior level.
From the above discussion, it is very clear that the salary paid to the MBA Finance is sufficient. Though, the salary for different professionals varies with their experience, skills, performance, qualification, and knowledge in the respective field.
Hope, it will be helpful for the aspirants who are thinking to pursue their career in MBA Finance.
Frequently Asked Questions
What are the required skills for a Financial Analyst?
To become a financial analyst, you must have certain skills such as analytical thinking, research, good communication skills, etc.
What is the average salary of a Financial Analyst?
The average salary offered to a Financial Analyst is around ₹ 4 – 8 LPA.
What is the average salary offered to an Accounts Officer?
The average salary offered to an Accounts Officer is around ₹ 5 – 10 LPA.
What are the names of some banks that recruit bank managers?
Almost all the banks hire Bank Managers for their respective banks. Some popular banks which recruit Bank managers with other required facilities are HDFC Bank, IDBI Bank, State Bank of India, ICICI Bank, Axis Bank, and many more.
What is the main duty of an Assistant Manager?
The main responsibility of an Assistant Manager is to provide training to the employees, make co-ordination between senior and junior employees in an organization, solve issues related to customers, and others.