As the present market is based on the “survival of the fittest” premise, students must explore beyond the confines of traditional elementary education and pursue more advanced degrees.
You can significantly improve a business’s financial and all-around growth by hiring people with specialized experience, industry qualifications, and managerial expertise. Saving and investing are essential for any business’s long-term success, whether big or small. Managing mutual funds, investment funds, stock brokerages, etc., is under the purview of an MBA expert in digital finance and banking.
The current workforce in the BFSI industry must possess the technical knowledge and expertise necessary to use fast pacing technological tools and platforms.
Anyone hoping to advance their career in the banking and financial services (BKFS) sector might benefit from enrolling in a Master of Business Administration (MBA) program focused on banking & financial services. This program is specially designed for working professionals with a minimum of one year’s experience.
Learn tax planning and taxation, company financial valuation, investment management, international finance, insurance management, budget management, and much more, in addition to the fundamental business knowledge you’d expect to acquire.
Banking management graduates in India can expect a wide range of salaries because of the country’s booming economy. Graduates with relevant experience and an MBA in BKFS can expect to jump to managerial positions and get lucrative salary packages.
Here are some high-paying jobs for MBA working professionals in the banking sector:
Investment management, financial planning, tax planning, and estate planning are all part of the wealth management process, which can be thought of as a comprehensive service that takes a holistic view of a client’s financial view. The salary of a wealth manager in India can go up to INR 10 lakhs per year.
These financial specialists aid various organizations in acquiring capital by issuing stocks and securities. Investment bankers typically find employment at brokerage houses, investment banks, or government agencies concerned with managing the nation’s finances. Investment bankers in India can earn up to INR 28 lakhs per year.
The term “financial risk management” refers to dealing with and managing potential and existing financial threats at a business or organization, using a sound strategic plan that could potentially halt revenue loss. Risk Manager salaries in India can go up INR 24 lakhs per year, with an average yearly income of INR 9 lakhs.
Those who work as financial analysts examine and analyze a company’s financial records. These discoveries are put to use in forecasting needs and business outcomes. Financial analysts are in charge of all aspects of a company’s capital planning, including forecasting future expenditures and revenues, financial planning, and financial structuring. A Financial Analyst in India can earn upto INR 10 lakhs per year.
An investor or bond portfolio manager may do a credit analysis on a company, government, municipality, or any other entity issuing debt to determine the issuer’s likelihood of satisfying such commitments. Credit research is done to see if investing money in that company’s debt instruments is safe. Credit Risk Analyst salaries in India are approximately INR 18 lakhs per year.
A service handling a company’s cash, investments, and other financial assets can significantly improve financial organization and management. It is a method of management that helps reduce the financial, operational, and reputational dangers facing your company. Treasury Manager salaries in India can go up to INR 30 lakhs per year.
Private and corporate clients rely on investment fund managers for guidance on making sound financial investments, such as purchasing and selling investment trusts and shares or bonds. Fund Manager salaries in India range from INR 10 Lakhs to INR 93 Lakhs per year, with an average annual income of INR 15 lakhs.
In the financial industry, asset management fundamentally comprises learning about the customer’s financial goals and then implementing techniques like purchasing and selling stocks, bonds, and funds to assist the client in meeting those goals. Asset Manager salaries in India can rise up to INR 13.9 Lakhs per year.
In banking, the term “corporate banking” describes services geared toward business clients. For a portfolio of covering the Corporate banking clients, you would be in charge of transaction origination, structuring, getting credit approvals, and implementing financial solutions. Bank Manager Corporate Banking salaries in India range from 12 lakhs to 19.3 lakhs per year, with an average annual pay of INR 16 lakhs.
As the job title suggests, this person is responsible for spotting potential dangers to the security, stability, and expansion of the company’s finances. This person’s purview falls under reversing losses and controlling the unpredictability of future trends and costs. Financial Risk Analyst salaries in India range is upto 14 lakhs per year, with an average yearly pay of 6 lakhs.
Investor relations (IR) is a top priority for any company when communicating with the financial community. Investor relations (IR) gives potential investors an accurate picture of the company’s status, allowing them to make educated decisions about whether or not to put their money into the business. Investor Relation Officer salaries in India is upto INR 32 lakhs per year.
Making sure a business is legally and ethically compliant with its financial investments. The goal is to guarantee that markets are competitive, open, and transparent so that investors can feel safe in their investments. Compliance Officers in India can earn upto INR 14 lakhs per year.
Banks, other financial institutions, government agencies, large corporations, and real estate developers are all examples of wholesale clients. In contrast to retail banking, which caters to consumers and small businesses, wholesale banking focuses on large corporations. Wholesale Banking salaries in India is upto INR 17.5 lakhs per year.
Private banking is a premium service that provides specialized assistance with your financial needs, such as concierge-level service. Private banking is typically reserved for very wealthy clients.
Private bankers serve customers with high and ultra-high net worth at financial institutions. Their primary responsibilities include handling clients’ money and giving advice about how to spend it. Private banker salaries in India can go upto INR 24 lakhs per year.
One of the most premium business schools in India, TAPMI’s flagship program- MBA in Banking and Financial Services, is now available in the online mode on the Online Manipal website. As a working professional, you can pursue this 100% online program without quitting your job.
TAPMI’s MBA-BKFS program will give you a leg up on the competition and prepare you for a future of leadership in the BFSI industry. This 100% online program is a one-stop-shop for all your learning needs, carefully crafted to help you achieve maximum results while giving you a great deal of leeway in how you complete your coursework.
The institute plans on offering only 120 seats in the online program with an introductory batch fee of INR 5,60,000 for the first batch. Online program participants will have access to low-interest loans and flexible payment plans to help them pay for their education.
Graduates of the program will be well-equipped to pursue careers in a wide variety of financial sectors, including but not limited to Wealth Management; Investment Banking; Financial Analysis & Risk Management, Fund Investment & Services, Asset Management, Corporate Banking, Investor Relations, Financial Compliance, and so on.
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
Become future-ready with our online MBA program
CourseMaster of Business Administration
Bachelor of Business AdministrationBachelor of Computer ApplicationsBachelor of CommerceMaster of Computer ApplicationsMBA- Banking and Financial ServicesMaster of CommerceMaster of Arts in Journalism & Mass CommunicationMSc Data SciencePGCP in Data Science & Machine LearningMSc Business AnalyticsPGCP Business AnalyticsPGCP Logistics and Supply ChainBachelor of ArtsMA in EnglishMA in SociologyMA in Political Science
InstitutionManipal University JaipurManipal Academy of Higher EducationManipal Institute of Technology
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