With the dynamically transforming and redefining of the finance industry globally, the MBA degree is emerging as a great career path for students who want to leave a mark in the marketing field and have a great interest in statistics, economics, management, leadership, and marketing.
However, everything getting digitalised has opened up a new field in finance. Digital Finance This Digital division has increased prominent banks, venture capitalists, and asset management organisations. Apart from the theoretical studies, there are multiple internship programs provided by prestigious global financial institutions, which will give you exposure and tactical knowledge.
India has seen massive growth in the financial sector over the years. According to IBEF, the banking sector leads with commercial banks having more than 64% of the total assets provided by the financial system.
With such a growth rate, India’s finance system has opened doors for the students to pursue and explore their field of interest. Large companies like Google and Amazon offer intriguing career roles in product management, product design, and reputation management, requiring a deep understanding of finance.
Scope of MBA in Digital Finance and Banking
There are ample opportunities for MBA professionals and fresher’s who are trained in digital finance and banking. Their work field can range from asset management to accounting and risk management. Let’s discuss some of the top career options for an MBA in digital finance and marketing.
1. Financial Analyst
Mostly Multi-National Corporations need financial experts in market, economics, accounting to perform economic forecasting, reporting, and operational metrics tracking and provide strategies to thrive in the market.
The primary job responsibilities of a financial analyst are:
- Analyse financial data and create economic models for decision support
- Report on financial performance and prepare for regular leadership reviews
- Analyse past results, perform variance analysis, identify trends, and make recommendations for improvements.
On average, the salary included in such a role ranges from INR 3 40,000 to 3, 50,000 Lacs per annum.
2. Investment Banker
An investment banker is responsible for handling IPOs and identifying suitable mergers and acquisitions at a fair price and worth.
The world’s most prominent financial institutions like Goldman Sachs, Morgan Stanley, etc., hire skilful investment bankers to manage the company-investors relationship.
The Major Job responsibilities of an Investment Banker are:
- Conduct due diligence investigations
- Manage IPO
- Assess risk and provide financial advice on mergers and acquisitions, valuations or private equity transactions
- Complete reporting, create models and forecasts
- Underwrite, analyse and close finance deals
- Negotiate and structure financial details
The investment bankers are paid an average salary of INR 7, 50,000-7, 80,000 Lacs per annum.
3. Risk Managers
The name clears the meaning itself. You are responsible for anticipating any probable risks in the company’s financial operation that can prove a threat to its integrity, safety, and growth. Such an individual is responsible for correcting losses and managing unpredictability in future trends and cost-involvement in an organisation.
The average salary in such a role starts from INR 4, 80,000-5, 20,000 Lacs per annum.
4. Venture Capital Analyst
The primary job responsibilities of a Venture capital Analyst are:
- Being aware of the dynamic industry trends and keeping up with them, thus beating competitors. Such
- networking and work closely with venture capital firms and identify promising, innovative startups required in the market; by providing them capital for scaling their companies.
On average, such professionals’ salaries can range from INR 4, 90,000-5, 00,000 Lacs per annum, tentative according to expertise and skills.
5. Portfolio Manager
As a portfolio manager, your primary responsibilities would be managing money in hedge funds (pooled money of an enterprise. You will need to continually explore the current market condition and help clients achieve their pre-set financial targets.
These professionals can have an average salary starting from INR 10, 00,000-12, 00,000 Lacs per annum based on their experience.
Not many universities offer this course. However, one-of-a-kind India’s first online MBA course in Digital finance and banking is provided by the t O.P. Jindal Global University (JGU).
This course provides intense, insightful training to undergraduates to pursue their MBA and better understand industry policies and principles, making them better prepared for probable employers and the market.
And suppose you have already done your MBA in some other field but wants to upgrade your degree to digital finance and banking. In that case, upGrad offers an MBA in Digital Finance and Banking in collaboration with the Jindal Global Business School and the Jindal School of Banking and Finance. The program has been designed to Future-oriented content suited for those working in or aspiring to finance across domains.
With the increasing technological developments and trends, the demand for intelligent, high-end professionals has also increased. The current market provides profitable opportunities for an MBA professional equipped in digital finance and banking studies.
1. What can I do with MBA in digital finance?
MBA graduates in Digital Finance and Banking have extensive knowledge on various subject matters of the banking and finance sectors. They are capable of looking at the complexities of the BFSI, thus opening a door for opportunities in the financial industry of companies.
2. Which is the best MBA program for banking?
An MBA in digital finance and banking has been designed for aspirants who wish to build a career in banking and finance domains and has seen an increased demand among big Multinational companies.
3. What are the eligibility criteria for MBA in Digital Finance and Banking?
The Eligibility criterion for a degree in MBA in digital Finance and banking is similar to MBA (General). Minimum 50 per cent marks in Bachelors is a must to apply however it may vary from one to another institute.