Top 10 Companies Recruiting MBA In FinanceAnisha Mukhija
Top 10 companies recruiting MBA in Finance:
MBA in Finance is one of the most popular specializations that students opt for while pursuing an MBA. The biggest reason behind this is the companies that usually come to B-schools to pick up finance majors, along with the great packages that MBA students receive from these companies. If you are still exploring as to which companies hire MBA Finance and what kind of placements do they offer, this is the right article for you. Read on to know about the top 10 companies recruiting MBA in Finance.
If you are still unsure of the specialization you want to choose, you might like this video which explains how you can analyze and know which specialization is right for you.
What is MBA in Finance all about:
Let’s get a small gist about what MBA in Finance encompasses. A specialization in finance gives the student an exposure to the financial world, which includes learning how to handle professional and personal finances, financial services, banking policies, investment decisions, etc; basically everything to do with managing money and assets. The topics covered are a great mix of finance and management, hence it gives you a different edge over core accounting and finance students.
MBA in Finance can be pursued by even those students who have no prior background in Finance. However, those who have a good calculation ability and an interest in numbers can perform better in this field.
Also read: Things you need to know about MBA Finance
Profile in MBA Finance:
There is an abundance of opportunities available in Finance, even more than marketing and operations, and also plenty of roles that you can take up in various sectors. Some popular job profiles in this field are:
- Investment banker
- Management Consultant
- Financial Analyst
- Equity researchers
- Bank Manager
- Credit Managers
- Capital Advisors
Many other such roles are available to management graduates in Finance. All these roles are in demand in almost all organizations, in all sectors. Hence, a job in finance will be a good choice, provided you have the acumen for it.
Also read: Is your profile suitable for MBA in Finance.
So what are the top 10 Companies that hire MBA Finance:
Now coming to the main topic, let’s look at the top 10 companies that come to recruit MBA Finance graduates.
1. Goldman Sachs:
Known for being one of the top companies in the financial sector, Goldman Sachs is an investment banking company that also provides a wide range of financial services such as asset management, wealth management, investment research, merchant banking, securities banking, etc. It is one of the most coveted jobs and is a dream company for all finance MBA aspirants.
Getting into Goldman Sachs is no cakewalk, you need to be an exceptional professional to get selected into this company. Some skills that they look for in their candidates are a keen interest in the industry (inside out knowledge about investment banking), global awareness, strong ethics, and collaborative nature. You also need to have exceptional communication skills to be considered for their job.
Obviously, the package that a student may get from Goldman Sachs can range anywhere from Rs. 30 Lakhs per annum (LPA) to Rs. 35 LPA! However, Goldman Sachs only picks up students from top B-schools in India like the IIMs, NMIMS, FMS; so if you dream of getting into Goldman Sachs, you better get your game up!
2. Morgan Stanley:
After Goldman Sachs, comes the second-best investment banking company i.e. Morgan Stanley. which is another dream company for many MBA graduates. The company is also involved in asset management, wealth management, sustainable investing, sales, and trading. They offer opportunities to students, graduates, & experienced professionals.
Morgan Stanley is one of the highest payers for MBA graduates in Finance and is considered a very attractive place to work for if you want to build your career in Finance. Apart from their huge salary, they are known for their positive work culture, prestige, and amazingly talented employee base.
Getting a position in Morgan Stanley can be very competitive since only the top IVY league colleges and Top B-schools in India are approached by them. During their selection process, they look out for skills like phenomenal social skills, work experience, and have something unique to offer to the firm.
A job at Morgan Stanley can get you an average pay of Rs. 20 Lakhs per annum to the highest of Rs. 30 Lakhs per annum. Top B-schools that have this company on the list are again the Tier-1 colleges like IIMs, FMS, etc.
3. Boston Consulting Group:
The Boston Consulting Group (BCG) is one of the best Management consulting companies that provide management and strategy solutions to its clients. The BCG provides consulting to more than two-thirds of the Fortune 500 companies! You must have definitely heard of the BCG Matrix, it has been developed by the BCG group itself.
It is no surprise that getting into BCG is a tough task. However, once you get in, you will have steady growth within the company. If you start as an intern, you have a 75% chance of getting a permanent position there, provided your performance is good. In case you get recruited after completing your MBA, you climb up the ladder steadily as the project team leader, principal, and finally a partner.
BCG only comes to pick up students from the Top IIMs (A, B, C), XLRI, ISB, etc. The packages can be remarkably high from Rs. 20 LPA to Rs. 35LPA. Some of BCG’s alumni include Indra Nooyi, Bill Bain, Benjamin Netanyahu to name a few.
4. Bain & Company:
Bain & Company is one of the leading management consultancies in the world. They have been ranked first or second for seven consecutive years in the ‘Vault consulting 50’ which ranks the best 50 management consultants in the world. That says it all!
Getting selected into Bain & Co. is definitely not an easy job. From the application to the selection process, everything is pretty intense, but it is worth the effort. It is one of the best places to work for as they value diversity and culture and try to attract the most committed and high-quality talent to their firm.
Skills that they look for in their candidates are good analytical skills, communication, leadership, and also passion and humility. Bain & Co only visits elite B-schools like IIMs, XLRI, etc. and they are generous with their placements with the figures in the range of Rs. 22- 26 Lakhs per annum for Management graduates.
5. JP Morgan Chase & Co:
JP Morgan is a global financial services company that is also a dream company for all MBA finance students. They give opportunities to students/graduates through internship programs and experienced professionals get the opportunity of having a career in the company.
They always look out for candidates who are not just exceptional in finance but also have strong communication skills and leadership ability. Students should be exceptional in the planning, and creative thinking.
JP Morgan hires from Top – B-schools like IIMs, FMS, SP Jain, XLRI, and the average pay for MBA graduates is anywhere from to Rs. 20 to 30 Lakhs per annum.
6. McKinsey & Co:
McKinsey is one of those companies that MBA grads go crazy for. It’s a management consultancy firm that is known for conducting qualitative and quantitative analysis. They are in fact the first ones to hire fresh graduates, and the company seems to give more preference to graduates over experienced managers.
It is no doubt one of the hardest companies to get into. Three major qualities that the company wants in its candidates are the Problem-solving approach, the credibility of work, and credentials (awards, merits, etc.). The job at Mckinsey will be of a global nature, so showcasing that you are aware of the global environment can be a plus point. Also, speaking more than one language can also prove to be a great asset for you.
McKinsey comes to Tier-1 B-schools only like the IIMs, NMIMS, IIFT, ISB to name a few. The average salary that you can bag here are Rs. 22 – 24 LPA.
Barclays is a leading international bank that is involved in both customer and corporate investments. A firm that deals in the finance and banking sector, they are the firsts to start the credit card system, and are also involved in relationship management, service, research, finance, tax, and treasury.
Barclays continues to be in the dream jobs list of MBA graduates, not just for their status in the financial industry, but for the growth and opportunities you get in the company. They also have an ‘MBA Ambition Diversity program’ in which they give summer internships to talented MBA students. They look out for individuals that are confident, proactive, and have great general management quality.
Again, getting into Barclays is no child’s play, and the top B-schools that get Barclays as their recruiters are IIMs (A B C L), ISB only. You can expect an average package of Rs. 20 to 25 Lakhs per annum from this financial giant.
KPMG is a global professional services company that is involved in auditing, taxing, and advisory services company that’s in one of the ‘BIG 4s’ of consulting in India. They have been ranked multiple times in the list of the Top 100 Best Companies to work for. Having KPMG as you work ex in your CV can definitely boost your reputation in the financial industry.
KPMG also goes to top colleges like IIMs, IIFT, NMIMS, SP Jain, XLRI, FMS, etc. Average package an MBA graduate can get anywhere in the range of R.s 16 Lakhs per annum to 20 lakhs.
9. State Bank of India:
The State bank of India (SBI) is an Indian multinational, public sector banking and financial services firm. It has the largest employee strength.
It is no doubt a great place to gain experience in the financial industry.
The top college that SBI goes to are SP Jain, IIFT, JBIMS, SCMHRD, XLRI, etc. They may offer a package ranging from R.s 6 Lakhs to 10Lakhs per annum.
HDFC a private financial services company that provides finance for housing in India. It also deals in banking, life and general insurance, asset management, venture capital, and education loans.
HDFC bank goes to a lot of Tier 1 and Tier-2 colleges and offers a package in the range of Rs. 8 to 10 Lakhs per annum. You can definitely get good exposure and value by working with HDFC.
Apart from the ones mentioned in the list, there are many others such as Deloitte, Cognizant Technologies Solutions, Accenture Services, Thomson Reuters, Royal Bank of Scotland (RBS) that recruit MBA finance graduates. These companies recruit not only experienced managers but also hire fresh graduates. There are also internship programs offered by these companies which is a great starting point for any finance graduate.
I hope after reading this article you are motivated to give your best and work hard so that you get into these top colleges and, ultimately in the company of your dream! Do remember that your hard work and dedication doesn’t end when you enter your dream company. Since they offer such high compensations, jobs at these companies are also very demanding, and you need to give your 100% dedication to justify your place and at the same time, to keep progressing and climbing new height.
I hope you found this article on the top 10 companies recruiting MBA finance helpful. All the best!
Also Read: Best Colleges for MBA in Finance
Click here for solving mocks for MBA exam preparations