A RESEARCH BASED STUDY ON THE CAREER PROSPECTS

AND OPPORTUNITIES AFTER MBA IN RESPECTIVE

SPECIALIZATION WITH REFERNCE TO COMPANIES IN

BANGALORE / HYDERABAD / DELHI

PROJECT REPORT

Submitted by

Tejaswar Motaparthi

Reg: 17MB3164

Guided By

Ms. M.Sowmya B.E., MBA, PGDFT, (Ph.D)

(Assistant Professor)

Submitted to

Ms.Uzma Nayeem

Head – Placement and Corporate Relations

Global Institute of Business Studies

Bangalore

2018

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CONTENTS

CHAPTER TITLE PAGE

NO
Executive Summary 03
1 INTRODUCTION
1.1. About the Study 04
1.2. About the Indian Employment Scenario / Job 06
Market Trends
2 MAIN THEME OF THE PROJECT
2.1. Objectives of the Study 11
2.2. Scope and Limitations of the study 11
2.3 B-Schools and the Top Recruiting Areas 12
2.4 Career Prospects after MBA in Finance Domain 15
2.5 Skill sets required for becoming successful Finance 19
Professionals
2.6 Job Titles and National Salary Data (of respective domains) 22
2.7 Hot Companies with job offers in Finance Domain as on 23
date
3 ANALYSIS AND INTERPRETATION 24
4 MAJOR FINDINGS & RECOMMENDATIONS 26
,CONCLUSION
4.1. Major Findings 26
4.2. Recommendations 26
4.3 Conclusion 26
Annexure : Probable list of Companies with Name of the 27
Company, Address, Contact Persons, Mobile number, email id
that may be approached for Internships, Projects and
Placements
References 27

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Executive Summary

This study on the career prospects and opportunities after MBA in Finance domain with
reference to the companies in Bangalore helps in understanding the job markets for the
fresher’s as well as the experienced who is willing to undertake a job in the Finance sector
and who is ready to undergo their career in the finance field. This study aims in developing
the ideology of the job seeking candidates and the skill sets required to a candidate to secure
a job. This study helps in analysing the skills of the right candidate and the developments
a candidate need to make in order to improve their skills.

As per the survey conducted in the recent times it is clear that India is having a huge
percentage of young generation who is ready to work and not having a proper job. The
candidates looking for a job do not possess the skills required for a particular job profile.
This is because of the education provided to the candidate which is not efficient and which
cannot be used in the practical approach.

The present job market conditions are in such a situation that the right person who have
enough skills to work for a job is not willing to work for the compensation provided to
him/her for the particular job. The candidate who is willing to work for the compensation
provided is not having the proper skills required to work for the company.

The current job trends in India as per the survey conducted in the month of January states
the following jobs in the major corporates. Marketing being in the top field for providing
employment is having 39% of markets employment followed by Finance which is
providing 27% of the employees. IT having 21% of the employment generating sector
stands in the 3rd position followed by HR with 18% and the sales sector 15%. This shows
that there are many opportunities for the job seekers in the marketing field.

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 Introduction

1.1. About the Study

The project is about the career opportunities in Finance domain after completion of MBA
in Finance domain.

Financial management refers to the efficient and effective management of money (funds)
in such a manner as to accomplish the objectives of the organization. It is the specialized
function directly associated with the top management. The significance of this function is
not seen in the ‘Line’ but also in the capacity of the ‘Staff’ in overall of a company. It has
been defined differently by different experts in the field.

The term typically applies to an organization or company’s financial strategy, while

personal finance or financial life management refers to an individual’s management
strategy. It includes how to rise the capital and how to allocate capital, i.e. capital budgeting.
Not only for long term budgeting, but also how to allocate the short term resources like
current liabilities. It also deals with the dividend policies of the shareholders.

Financial management means planning, organizing, directing and controlling the financial
activities such as procurement and utilization of funds of the enterprise. It means applying
general management principles to financial resources of the enterprise.

“Financial management may be defined as that area or set of administrative function in an

organization which relate with the arrangement of cash and credit so that organization
may have the means to carry out its objective as satisfactorily as possible”- by Howard &
Opton

“Financial management is a body of business concerned with the effective use of either
equity capital, borrowed cash or any other business funds as well as taking the right
decision for profit maximization and value addition of an entity”- by Kepher Petra

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“Financial management is the area of business management devoted to a judicious use of
capital and a careful selection of sources of capital in order to enable a business firm to
move in the direction of reaching its goals.” – By J.F.Bradlery

Benefits and Scope of Pursuing the MBA course in finance

The MBA with the specialty in the Finance is among on more vouched for the courses in
the Management. With this Master in Business Administration graduates with the
specialization in the finances are be welcomed in the banking industry and the corporate
sectors with the open arms. The skill associated along with the master in business
administration in the finance is the evaluation and the production of the biggest expected
value on an asset. The MBA finance helps the organization to improve on the finance of
company very efficiently. The Master in degree administration with finance professionals
are unlike CA’s more into the management of field doing to study of the raising capital and
their efficient utilization, investment strategies, and market economics. The MBA Finance
provides a vast scope of the career that enhance and prospects when compared to other
related accounting degrees, as much it covers the different aspects of managing finance and
accounting like the securities, investments, banking and the risk management, and business.
One of the important roles of the financial manager is overseen the financial reports that
help to the company along with the decision making, strategic planning, business
development and the alliance management.

The importance of the MBA Finance Courses

The Master in Degree administration is the two year of the degree program. In this field,
you can select the one that on your interest and favourites specialization on out of finance,
HR, marketing and operating, etc. If you are going to get admission in Master in degree
administration, you have to finish the graduate degree with good and best percentage in any
of the discipline. In this MBA Finance courses, the candidates are offered the skills and
knowledge of at an analytical thinking, the concept of the managerial decision, continuous
process, to maintain the balance between the risk and the profitability, centralized nature
and the co-ordination process. The MBA course in finance is included along with corporate
finance, costing, budgeting, investment and the securities, international fiancé, and the

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working capital of managements. These were the subject of MBA finance to prepare for
the students to operate with any related financial organization.

In the two-year program, the full-time of MBA program that you would be get well
equipped with the knowledge and the skill would be very necessary to know the
fundamental features of the financial department of the concerned organization. The
candidates who have to finish the B.Com in the qualifying exam; they must go through this
field of accountancy, finance, and any other related fields. If you are completed the
undergraduate degree in medical, art, science, and humanities, you can do this MBA
Finance courses. After completed the MBA finance degree, you can search for the job
placement in the different area of the fields such as like the banks, financial institutions,
colleges and the universities, financial consultancies, and several governments and the
private companies and the firms. Taking about on the field of MBA in finance, it provides
the core understanding of the financial concepts from the managerial perspective.

1.2. About the Indian Employment Scenario / Job Market Trends

Job offers for fresh management graduates in India are at a five-year low, official data show,
a trend experts blame on a sluggish economy as well as a mismatch between the years-old
curriculum and industry expectations.

In 2016-17, just 47% of Master of Business Administration (MBA) graduates got placed on

the campus, a dip of 4% over the previous year, marking a five-year low. At 12%, the drop
was far sharper for postgraduate diploma holders (see graphic).

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The data does not include the premier Indian Institutes of Management (IIMs) that are not
affiliated to the main regulatory body, the All India Council for Technical Education
(AICTE). There are an estimated 5,000 management institutes across the country. About
200,000 students passed out of these institutes in 2016-17. The trend has AICTE officials
worried.

“It is a market-driven process and hence placements are dependent on that. We have taken
cognisance of that (and) are updating and reviewing the curriculum so that it meets the
requirement of the industry,” said a senior AICTE official on the condition of anonymity
because he is not authorised to speak to journalists.

Human resources experts say while the job market was muted, the quality of graduates is
also a concern.

“The industry is on the lookout for job-ready people which most MBA grads are not
(barring those in IIMs and other top B-schools where placement is high),” said Pankaj
Bansal, co-founder and CEO, People Strong, a leading HR company.

Until about a decade ago, management studies in India were largely restricted to the IIMs
and some top private institutes. As the economy grew, demand for management graduates
too soared, leading to a spurt in new private and government-backed institutes.

But in the absence of competent faculty and industry training facilities, most Bschools
began churning out graduates who were far from being job-ready.

The problem mirrors the situation in engineering studies, where placement of fresh
graduates from newer institutes has been declining over the past years. Currently, India
produces an estimated 700,000 engineers from its 3,000 institutes but barely half of them
are employable.

AICTE officials say revising the management syllabi for 3,500 affiliated institutes. The
engineering curriculum is also being updated.

“We have almost completed work on the model curriculum for management institutes
keeping today’s demand in mind. The revised curriculum focuses more on skills and
training the students rather than theory,” said a second AICTE official.

Education experts say that would help.

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“The major issue is the quality of these institutions as they not being able to align with the
industry expectations. What the industry needs today they are not able to provide,” said
Kamal Singh, executive director and CEO of United Nations Global Compact, India, a UN
organisation looking into quality education.

“Those who are not able to provide first-hand internship to students in good companies also
suffer when it comes to placements.”

According to the Reserve Bank of India (RBI), India’s banking segment is well balanced
and amply capitalised. The economic and financial situation of Indian economy is in a much
better position as compared to other economies around the globe. Credit market and
liquidity threat surveys hint that the Indian banks are quite flexible and have survived the
global crisis really well.

Indian Banking is currently undergoing through the initiation stage of new banking models
such as payments and small finance banks. 11 payment banks are likely to be operative in
2016 and 2017. 10 more small finance banks are also to be initiated. This is all a result of
RBI’s new and reformed policies taken in this regard.

Market Size

There are in all 26 public sector banks, 25 private sector banks, 43 foreign banks, 56
regional rural banks, 1,589 urban co-operative banks and around 93,550 rural co-operative
banks besides some co-operative credit institutions. Around 80% of the market is regulated
by public-sector banks and the balance chunk is left for the private sector. As per the
Standard & Poor’s estimate, the credit growth/improvement in the Indian banking sector
would be enhanced to 12-13% in financial year 2016 from 10% of the 2nd half of the year
2014.

Growth and Opportunities in Banking/Finance Sector

RBI has been empowered by The Banking Laws (Amendment) Bill, being approved in the
Parliament in the year 2012, to issue concluding guidelines for the new banking licenses to
be given. Also, the Indian Government is contributing to the development of the banking
sector notably. It is being assumed that with the upcoming policies of the RBI, the trend of
wicked borrowers will come down. As a result, the loan scheme in the economy will be

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restructured. Banking and Financial Sector includes Insurance sector as well which further
comprises of Life Insurance & Health Insurance.

Job Trends of Banking/Finance Sector

The banking sector is likely to cater to the needs of around 20 lakh people in the coming 5-
10 years. This would be possible because of the efforts done by the RBI, the Government
is widening the financial sector in rural areas as well. The Banking and Financial Services
Industry (BFSI) is likely to hire somewhere around 8.4 million workforce per annum as per
the current growth rate.

The PSU banks are to hire workforce in large chunks (about 7-10 lakhs in the upcoming
decade) given the fact that around half of their employees are due to retire in the near future.
This sector will be the top job creator in the coming future. Also, as per the ‘Human
Resource and Skill Requirements in the Banking, Financial Services & Insurance Sector)
Report, the hiring trend is being diverted more towards the contractual type employment,
where employees will be bound by a certain period to work with an organisation. This trend
is generally achieved through several financial positions like Direct Selling Agents
(DSA’s), Insurance Agents, Mutual Fund Consultants, etc.

Also, hiring is not only done directly into banks, but its allied sectors too.

Given the fact that only 30% of the Indian population has bank accounts, top banking
companies are ready to explore this opportunity by providing access into the unexploited
rural sector of India.

Challenges

One of the major drawbacks and challenges that India is facing today is increase in the
degree of financial exclusion situation. This level is at a very startling position and needs
to be dealt with as soon as possible.

Financial Exclusion is a situation where the banking and financial services are not made
available to the low-income or no-income group. This is one of the main factors as to why
the poor are not being able to come out of the web of poverty.

According to the IBA-BCG survey of banks, the degree of assurance in solving the problem
of financial exclusion is very low. New banks are facing a challenge of opening new

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branches to the tune of 25% in the rural areas, as till now it were only the public sector
banks that were taking care of the financial inclusion. At present, the PSU banks have the
most number of branches in comparison to any other bank group in the rural and semi-
urban areas.

Also, there are other challenges for the sector that include, cut-throat pressures, variation
in customer loyalty, strict regulatory scenario and entry of new companies. All these factors
are encouraging the existing companies to adapt with the environment and adopt new
working models, update operations and improved processes.

Future Scope

The Indian economy is on the initiation stage of several transformation policies that are just
about to take place in the near future. Major factors like increased customer confidence,
improved inflation condition and positive outlook towards business policies, are likely to
build up the economy’s growth and development.

As per the IBA-FICCI-BCG analysis, India’s GDP growth will position the Banking
Industry at the 3rd place in the world by 2025.

Advancement of technology is another aspect to be considered in this regard. With mobile

and internet banking facilities, the banking and financial sector in India is moving ahead
with high-pace.

Near field Communication (NFC) methodology is being used by many banks like, HDFC,
ICICI and AXIS to initiate contact-less credit and debit card facilities. This technique will
enable the customers to enjoy the services of credit and debit cards without having to swipe
or insert the card.

Since, the future scope of the Banking and Financial Industry looks promising, the job
opportunities will increase at a magnificent rate.

Top Employers in Banking and Financial Industry

The top recruiters in this sector include; ICICI Bank, HDFC Bank, AXIS Bank, Indus land
Bank, Kotak Mahindra, YES Bank, ING, Standard Chartered, RBS, Deutsche Bank
amongst others.

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 MAIN THEME OF THE PROJECT

2.1. Objectives of the Study

• Apply financial management concepts and tools to the decisions faced by a

manager in investment decisions.

• Apply financial management concepts and tools to the financing decisions and
dividend decisions faced by the firm.

• Evaluate the corporate governance structure of firms and examine the

interactions, from a governance perspective, between firm management, financial
markets and stakeholders.

• Appraise the risk profile of firms; specifically, estimate the costs of capital,
including debt and equity capital, using financial data.

• Discuss the operations of three distinct capital markets: the equity market, the
bond market and the derivatives market, and the financial assets traded in each of these
markets.

• Explain the global financial environment and the globalization process

experienced by multinational corporations.

2.2. Scope and Limitations of the study

Management is omnipresent. It is all around us. From our daily activities to our professional
lives, everything requires management. Only through effective and productive
management, we can achieve the desired outcomes.

Some people are a pro at managing. They possess excellent leadership skills as well as
managerial abilities which make them unique. In the corporate business world, there is a
huge requirement of a candidate who is good at managing multiple things. The reason for
this is the highly complex and challenging conditions prevailing in the business industry.
There is a constant increase in the number of talented and skill full people and so are the
job opportunities. There is a race for success and all try to reach the highest point.

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In order to sustain a job in the ever growing and competent business industry, you need to
be an expert in that particular field. But the basic quality that is a per-requirement for all
the corporate is ‘Management and an in depth knowledge of executing it in reality’. The
route to this is through an MBA degree. There are many B-Schools who provide an MBA
degree with their own specific differentiators. Each one has something different and new
to offer the students. There are many marketing traps also hence before finalizing a
particular B School, analyse all the aspects deeply. You can also do a specialized MBA
program.

While study for an M.B.A. degree has widely been considered a wise choice that can help
professionals move into management level positions, it’s important to consider the
disadvantages of pursuing an MBA before investing in such a degree. An M.B.A. degree is
not the best course of study for everyone, and it’s important to consider the characteristics
of study for an M.B.A. degree in the context of your unique professional situation.

2.3 B-Schools and the Top Recruiting Areas

Even as the Indian Institutes of Management (IIMs) continue to supply with high-cost
graduates meant for leadership roles, top recruiters this year turned further towards other
B-schools for middle management roles.

Recruitments at non-IIM B-schools, both top and mid rung, grew on the back of marquee
firms from leading sectors such as consulting, banking, financial services and insurance
(BFSI) and information technology (IT) hiring in substantial numbers, thereby ending the
placement year on a high note. While the hype over e-commerce seemed to be settling
down, consulting, IT and BFSI consolidated their positions this year during placements at
B-schools.

At International Management Institute, New Delhi (IMI-New Delhi) consulting firms are
hiring in large numbers according to Pinaki Dasgupta, professor (marketing) and dean,
corporate relations and placements. He said there had been an increase in the number of
firms visiting the campus from the traditional sectors.

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During placements for the batch that passed out in 2016, IMI completed its placement in
only three days. There was a 33 per cent increase in firms from the manufacturing sector
that recruited from IMI this year. New firms this year included General Motors, Volvo
Eicher Commercial Vehicles, Tata Motors and Hero MotoCorp.

Xavier’s Institute of Management, Bhubaneswar (XIMB), saw top consulting,

BFSI and IT recruiters such as PwC, Deloitte, KPMG, Cognizant Business

Consulting, HDFC Bank, SBI, Tata Capital, HP, Accenture, Infosys, Wipro and Capgemini
recruiting in decent numbers. “Some of the sectors like consulting hired in more numbers
than last year. Overall, the placement year has been better for us compared to last year,”
said Saveeta Mohanty, faculty coordinator, placements, at XIMB.

According to hiring analysts, the increased presence of recruiters in top and mid rung B-
school campuses was partly influenced by the trend of hiring costs amidst tightening
profitability.

“There are companies that are going to other institutes for more affordable talent.
Companies are turning towards lower hiring costs. They now have clear percentage of
hiring they want from top B-schools and mid and low run Bschools,” said Nikunj Verma,
CEO, CutShort, a recruitment platform.

At MDI Gurgaon placement coordinators said there had been a large number of consulting
firms hiring in big numbers and they expected it to continue in the final placement season
as well, which will begin in the next few months.

For the batch of 2014-16, MDI Gurgaon completed its final placements in 3.5 days. There
was a substantial increase of 35 per cent in the number of companies confirming
participation for the final placement process. The placement season saw overwhelming
demand in consulting, general management, finance, strategy, sales and marketing,
operations, and information management.

A senior placement official with a Mumbai-based business school said ecommerce

companies would face muted response, though they would continue to have these
companies on campus. Traditional companies will be favoured for day one slots.

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The overall number of new recruiters is also going up. NMIMS Mumbai had 160
companies, including 45 new recruiters participating, against 122 companies in the
previous season.

Non-IIM business schools are also seeing the entire batch being placed much quicker than
the IIMs. A placement official of a mid-size business school said while IIMs were taking
up to a week to complete the process, the smaller schools were able to complete it in under
four days.

Top B schools

1. Indian Institute of Management, Ahmedabad.

2. Indian Institute of Management, Bengaluru.

3. Indian Institute of Management, Kolkata.

4. Indian Institute of Management, Lucknow.

5. Indian Institute of Management, Indore.

6. Indian Institute of Management, Kozhikode.

7. Faculty of Management Studies, Delhi.

8. S.P. Jain Institute of Management & Research, Mumbai.

9. Xavier Labour Research Institute, Jamshedpur.

10. Institute of Management Technology, Hyderabad.

2.4 Career Prospects after MBA in Finance Domain

MBA in Finance is no easy course, think of it as a training for one of the most liable roles
in the world. Yes, you will be handling the finances of the business and as everyone knows
finances run an enterprise and you will be in charge of that. There are multiple of
opportunities for finance grads and the reason for this magnetism is the various subjects
taught to the students in the course of 2 years. They include corporate valuation,
Investment

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Management, Management control system, Taxation, Financial statement, Tax planning,
Analysis and reporting of financial services.

Career Growth

An MBA in Finance grad has ample of opportunities waiting around, all he needs to do is
grab it. All of this because of the diverse skillset he possesses. There are thrilling careers in
financial consultancies, financial institutions and banks. To be more specific, you can get
into fields like merchant banking, investment and consumer banking, international finance,
corporate finance and institutional finance. Once you build up your work experience then
you can serve on government committees and add your inputs to the policy-making issues.
You can also provide consultation services to government and corporate organisations.

Jobs after MBA in Finance

• Accounting Manager

• Chief Financial Officers

• Cash Managers

• Manager Consultants

• Investment Banking Associates

• Credit Managers & Specialists

• Financial Analyst

• Corporate Controllers

• Finance Officers & Treasurers

• Insurance & Risk Managers

• Investment Bankers

• Investing Sales Traders & Associates

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Accounting Manager

Working within the sales and marketing department of a business or organisation, an

Account Manager is responsible for the management of client accounts. The role of an
account manager varies depending on the nature of the business, but, put simply, the
account manager acts as the interface between the customer services and sales departments
within a company. This involves maintaining the company’s existing relationship with a
client or group of clients in order that they will continue using the company for business. It
also involves identifying potential new clients and business opportunities and persuading
new customers to place business with the company. Account managers are responsible for
working with clients to identify their needs and work out how the company can best meet
those requirements, in order that the client does not decide to place business elsewhere.
Depending on the size of the company, account managers might manage a single account
or they may have a whole portfolio of clients.

Chief Financial Officers

The chief financial officer (CFO) or chief financial and operating officer (CFOO) is
the of a company that has primary responsibility for managing the company's finances,
including financial planning, management of financial risks, record-keeping, and financial
reporting. In some sectors, the CFO is also responsible for analysis of data. In the United
Kingdom, the typical term for a CFO is finance director (FD). The CFO typically reports
to the chief executive officer and the board of directors, and may additionally have a seat
on the board. The CFO supervises the finance unit and is the chief financial spokesperson
for the organization. The CFO directly assists the chief operating officer (COO) on all
strategic and tactical matters as they relate to budget management, cost–benefit analysis,
forecasting needs and the securing of new funding.

Cash Managers

A cash officer working for a financial institution, such as a bank or an insurance

company, ensures that cash management and loan approval procedures are

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adequate, functional and established in accordance with regulations, industry

practices and top management's directives. A cash officer working for a non-

financial entity focuses on corporate treasury activities.

Manager Consultants

Management consultants help businesses improve their performance and grow by solving
problems and finding new and better ways of doing things. It's not just in the private sector
either – many firms work with public sector organisations to help develop their services
and, where necessary, reduce costs and make savings

Investment Banking Associates

Investment bankers help their clients raise money in capital markets by issuing debt or
selling equity in the companies. Other job duties include assisting clients with mergers and
acquisitions (M&as), and advising them on unique investment opportunities such as
derivatives.

Credit Managers & Specialists

Credit management is the process of granting credit, the terms it's granted on and recovering
this credit when it's due. This is the function within a bank or company to control credit
policies that will improve revenues and reduce financial risks. A credit manager is a person
employed by an organization to manage the credit department and make decisions
concerning credit limits, acceptable levels of risk and terms of payment to their customers.
This function is often handled alongside Accounts Receivable and Collections in one
department of a company. The role of credit manager is variable in its scope.

Corporate Controllers

A controller is an individual who has responsibility for high-level accounting], managerial

accounting and finance activities. A controller typically reports to a firm's chief financial
officer (CFO), although these two positions may be combined in smaller businesses. The
duties of a controller include assisting with the preparation of the operating budgets,
overseeing financial reporting and performing essential duties relating to payroll.

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Finance Officer’s &Treasurers

The role of the Treasurer is very crucial for any organization. Generally, the organization
aims to appoint individuals to the positions of Treasurer who have adequate knowledge in
the areas of financial management and at the same time understand financial governance.
Here it is important to make a clear distinction between financial management and financial
governance. While, the financial management falls in the domain of management, financial
governance is more of a larger issue and is addressed at the governance level. The Treasurer
should understand the above difference clearly and take up his/her role in the context of
financial governance. In other words, financial governance would imply financial
oversight.

Insurance & Risk Managers

Responsible for and has the authority to make all decisions on risk management issues that
directly impact the strategic direction of the company. Sets the strategic risk management
vision and is charged with delivering that strategy to the company using exceptional
leadership skills, network of internal and external alliances and highly developed business
skills. Possesses an intimate knowledge of internal business processes and the
organization's industry. Exhibits business process knowledge, possesses a broad based
operational perspective and provides solutions for non-insurance related business risk
issues. Recognized risk leader, who is a dynamic, proactive and decisive person. Adapts
well to and initiates change in the organization. Seeks ways to optimize risks in the
organization as a competitive business advantage. Key traits for the individual in this
position are: highly developed communications, team player, change agent, strategic and
creative, excellent project management skills and the ability to drive performance from all
areas within their company.

Investment Bankers

An investment bank is typically a private company that provides various finance-related

and other services to individuals, corporations, and governments such as raising financial
capital by underwriting or acting as the client's agent in the issuance of securities. An
investment bank may also assist companies involved in mergers and acquisitions (M&A)

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and provide ancillary services such as market making, trading of derivatives and equity
securities, and FICC services (fixed income instruments, currencies, and commodities).

Investing Sales Traders & Associates

Sales and trading is one of the key functions of an investment bank. The term refers to the
various activities relating to the buying and selling of securities or other financial
instruments. Typically an investment bank will perform these tasks on behalf of itself and
its clients. In market making, traders will buy and sell financial products primarily to
facilitate the investment and trading activities of its clients with the goal of making an
incremental amount of money on each trade.

2.5 Skill sets required for becoming successful Finance Manager

It’s no secret that carving out a high-flying career in finance hinges on more than just good
grades.

Whether you’re just starting out or you’re an executive with decades of experience, can you
recall what led you to this career choice?

In today’s fast-evolving workplace, accounting and finance professionals must demonstrate

everything from razor-sharp analytical ability and stellar interpersonal skills to a sharp
understanding of industry-standard software.

So, how do you know whether your resume will reach the top of the pile or is destined to
fall short?

1. A formal accounting qualification

In some industries, sparkling talent combined with real-world experience is enough to land
your dream job. But a career in finance – a sector ruled by rigorous processes and standards
as well as commercial best practices – a glowing resume simply isn’t enough. According
to our recent research, 49 per cent of all employers expect finance hires to hold formal
accounting qualifications from organisations such as the Institute of Chartered Accountants
in Australia (ICAA), CPA Australia and the Chartered Institute of Management
Accountants (CIMA). That means your education is at least as important as your expertise
when securing that finance job.

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2. Interpersonal skills

There once was a time when finance professionals were bound to cubicles, but that era is
long gone. These days, any perception that a career in finance involves simply crunching
numbers has been replaced by the reality that positions require workers to deal with clients
every day. For accounting and finance professionals, the ability to build successful
relationships with customers is critical if you want to excel. When looking at two equally
qualified hires, interpersonal skills are often the point of difference.

3. Ability to communicate

For aspiring accounting and finance workers, strong written and oral communication skills
are important, but it’s just as imperative to be able to explain financial jargon in simple
terms. Many companies choose candidates who can make complex industry language
legible to clients who have limited knowledge, as opposed to potential hires who simply
regurgitate what they’ve learned.

4. Financial reporting

There’s no denying that financial-reporting skills are key to a competitive edge. Survey
results indicated that 47 per cent of public- and private-sector businesses make recruiting
decisions based on a candidate’s ability to produce detailed and accurate financial reports.

5. Analytical ability

Most companies know that lateral thinking and the ability to analyse scenarios and draw
suitable conclusions are central to a finance professional’s role. That’s why 37 per cent of
the survey’s respondents believe that a capacity for analysis and solid financial-planning
skills are key criteria for new hires.

6. Problem-solving skills

These days, it isn’t enough to have watertight knowledge of systems and processes – it’s
also essential to be able to tackle complex problems as they arise. Whether it’s addressing
the financial implications of a complicated business structure or coming up with a

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personalised solution for a client’s tax dilemma, a record of solving problems will see your
career grow in leaps and bounds.

7. Knowledge of IT software

Clearly, technology has overturned the way financial systems work – 29 per cent of
respondents would recruit a prospective candidate based on IT skills and knowledge of
standard accounting programs.

8. Management experience

Although it’s not essential, management experience is often highly desirable for employers
looking to hire a financial professional for a new role. If you’ve proven your ability to
manage teams during your career, you’re bound to excel in a leadership position in the
future.

9. Commercial acumen

It’s important for financial professionals to understand the relationship between a

company’s fiscal behaviour and marketplace demands. Candidates that exercise
commercial savvy as well as an interest in the trends shaping the industry are well-placed
to get ahead.

10. Capacity for innovation

Finance and accounting may be associated with routines and systems, but that doesn’t mean
that innovation doesn’t have its place. Whether you’ve invented a data-collection method
that streamlines productivity or a recording process that drives accuracy, candidates who
are innovative are likely to stand out.

2.6 Job Titles and National Salary Data

Fresher’s start their career through internship with minimum salary/stipend of Rs 8K.
Gradually with experience, the salary packages increase. MBA finance person with 3-4
year of experience in average company gets the package of Rs 50K per month. With further
experience of 5-6 year in well reputed organisation, MBA finance can get the salary up to
Rs 1 lakh per month.

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2.7 Hot Companies with job offers in Finance domain

List of Top 10 companies established in India are below:

Bajaj Capital Limited:

One of the major financial services companies in India, Bajaj Capital offers best investment
advisory and financial planning services. The services are meted out to the institutional
investors, NRIs, corporate houses, individual investors, high network clients as well.

DSP Merrill Lynch Limited:

A major player in the equity and debt market in India, DSP Merrill Lynch offers financial
advisers to varied corporations and institutions. With an array of wealth management and
investor services, their services are customized in a manner that they meet every investor
requirement.

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Birla Global Finance Limited:

The subsidiary of Aditya Birla Nuvo Ltd., this company has operations in the corporate
finance and capital market arena. An alliance with Sun Life Financial of Canada, they have
given birth to Birla Sun Life Insurance Co Ltd., Birla Sun Life Distribution Co. and alike.

Housing Development Finance Corporation:

A best financial solution for home loans, NRI loans, HDFC is the one stop destination for
personal finance. With overseas branches in Singapore, Kuwait, Qatar, Saudi Arabia and
many others, HDFC has been going great guns every year.

PNB Housing Finance Limited:

This Company offers premium solutions for relieving the borrower segment. The Home
Loan Life Insurance Plan of this has come in conjunction with TATA AIG, with the lowest
premium when compared to the peers.

ICICI Group:

Wide arena of financial products and services, ICICI Group has solutions like
InstaBanking, Online Trading, Insta Insure, ICICI Bank imobile etc. Providing high class
financial services in all segments of the society, ICICI Group deals with Mutual Fund,
Private Equity, Securities, and Life Insurance etc.

LIC Finance Limited:

It is the biggest Housing Finance Company in India, providing finance to individuals for
repair or construction or renovation of any old or new apartment or house.

L & T Finance Limited:

Established in 1994 by the Larsen and Turbo group, this has become a significant name in
the financial sector. Funds for automobiles, Agricultural Instruments, secured loans; they
have all types of loans for a long tenure.

Karvy Group:

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With Mutual Funds Services, Depository Services, Debt Market Services, Investment
Banking and many others, Karvy Group has spanned across the domestic financial sector
as well as abroad.

The above companies always have the openings.

ANALYSIS AND INTERPRETATION

The table shows the companies offering packages for MBA fresher based on
his/ her skill set:

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 MAJOR FINDINGS & RECOMMENDATIONS, CONCLUSION

4.1. Major Findings

MBA in finance has been very low in the past. No growth was seen in the past as the people
were in a chaos about the importance that each specialization in MBA has, especially
finance. People and graduates as well had a state of mind where having a MBA in finance
would get no opportunities and would prevent them in growing in their professional life
and personal life as well. But days passing by, the people knew the importance and started
having MBA in finance. Though MBA marketing had faced some problems at first, it had
gained importance as the people and especially the graduates started knowing the value of
MBA in finance and the number of opportunities it has, the people changed their perception
and eventually the MBA in finance field had shown a huge impact in the Indian economy
and the job opportunities increased and the number of people studying MBA in marketing
also increased. The job titles, which refer to the types of jobs available for a MBA graduate
in finance is also very large and this made many to think about pursuing MBA in finance.

4.2. Recommendations

MBA in finance has its own importance in each and every company and organization. The
people should get to know the importance of MBA especially in finance. The finance field
plays crucial role in a company and it should be given due importance.

4.3 CONCLUSION:

MBA in finance is one of the popular specializations of MBA from the olden days. MBA
in finance has created a lot of chaos and confusions in the people regarding its opportunities
after having a MBA in finance. The graduates who opt for doing MBA were landed in a
situation where they were not able to choose the best specialization and eventually thought
that MBA in finance would not yield much for them and would not be fruitful for their
future. But days gone, the people came to know the true value of doing MBA in finance.
MBA in finance has a lot number of opportunities and has a great future. MBA in finance
is equal to the other specializations and also has a wide variety of job titles and opportunities
more than the other.

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Annexure:

Company: Multifonds
Location: Safina Towers pvt ltd., 3 Ali Asker Road, Bangalore
Website: www.temenos.com

Company: Deloitte
Location: Bangalore
Website: www.job2.deloitte.com

Company: L&T Finance limited

Location: Bangalore
Website: www.careers.ltfinancialservices.com

Company: Accenture
Location: Bangalore
Website: www.accenture.com

Company: KPMG
Location: Koramangala, Bangalore
Phone : 08039806000
Website : https://home.kpmg.com> home> careers

References
www.wikipedia.org
www.investopedia.org
www.naukri.com
www.quora.com
www.soilindia.net
www.economictimes.com

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