Bba Finance Career Scope
If you have a commerce background, opting for a bachelor’s degree (business administration) in finance can be a smart choice. This three-year degree program is designed especially for students who want to make a career in finance management.
The career prospects for a BBA (Bachelor of Business Administration) in Finance graduate are quite varied and bright. They can seek entry-level management jobs in various industries, such as finance, IT, banking, retail, etc.
In this blog, we will discuss 8 career options BBA in Finance graduates can pursue after completing their degree.
8 career options after completing a BBA finance degree
Students holding a BBA finance degree usually bag jobs with decent salary packages. They get placed in various domains ranging from banking, management, consultancy, finance, and so on.
Listed below are the top 8 career options that a graduate in BBA (Bachelor of Business Administration) in Finance may consider:
1. Investment Banker
Investment bankers help big companies manage their funds and guide them in investing in the stock markets. They are a company’s financial advisors who offer advice on how to get the best deals.
Some of the responsibilities of an investment banker are as follows:
- They develop different financial models to figure out how much money an organization can make.
- They prepare various materials like presentations and reports that help companies get funds from investors.
- They ensure compliance with institutions like SEBI that deal with financial regulation.
Salary: The average salary of an investment banker is 7,07,913 INR annually.
2. Financial Planner
Financial planners are professionals who help clients manage their financial affairs and create strategies that help them achieve their long-term financial goals.
They help clients assess their financial situation and understand their goals. Based on the goal, financial planners can help clients develop plans related to aspects like budgeting, investing, insurance, tax, etc.
The responsibilities of financial planners include:
- Developing financial plans that will suit an individual’s needs, focusing on aspects like savings, expense management, budgeting, etc.
- Offering expert advice on insurance products and investment opportunities.
- Maintaining long-term relationships with clients, reviewing their financial situations from time to time, providing updates, and communicating changes before the clients’ financial situation is affected.
Salary: On average, a financial planner earns 3,54,930 INR annually.
3. Credit Analyst
A credit analyst is a professional whose work is to analyze whether a borrower is capable of availing credit. This helps determine whether he will be able to fulfill the obligation in the future.
After evaluating a borrower’s financial position, credit analysts recommend the amount that can be lent to the borrower.
It is mainly the credit card issuing companies, investment banks, and companies that hire credit analysts.
The responsibilities of a credit analyst include:
- Evaluating a customer’s savings information, history of debt repayment, and purchase activities.
- Reviewing the credit limits of existing customers to see if they are eligible for an increase in credit limit.
Salary: The average salary of a credit analyst is 7,24,415 INR annually.
4. Portfolio Manager
After you have completed a bachelor's degree (Business Administration in Finance), you can become a portfolio manager. A portfolio manager is a professional who makes investment plans for clients. He makes sure that a client’s money is financially safe and can make the maximum possible profit.
Portfolio managers can either work as a part of mutual fund companies, equity firms, mutual fund companies, investment banks, etc., or they may work individually.
A portfolio manager has the following tasks:
- Deciding the best investment plans for investors based on their willingness to take risks, financial goals, and other important factors.
- Keeping regular touch with investors and keeping them updated on the latest and best investment plans.
- Developing customized investment plans for investors.
Salary: The average annual salary of a portfolio manager is 13,00,047 INR.
5. Finance Controller
Finance controllers are in charge of keeping an eye on whether the actual financial transactions are being reported properly. They supervise a wide range of finance departments like accounts payable, vendor management, financial reporting and planning, treasury, etc.
A finance controller has to perform the following tasks:
- Protecting the resources of a business and ensuring accurate reporting of the financial position.
- Providing the right information at the right time to support the smooth running of the business.
- Helping executives who perform analysis on an organization's financial information and driving it towards achieving its goals.
Salary: The average annual salary of a financial controller is 19,86,585 INR.
6. Risk Manager
Businesses are prone to financial losses if potential risks are not identified on time. A risk manager plays an important role in an organization by identifying any possible risk, assessing it timely, and suggesting measures to reduce it.
If you hold a BBA Finance degree and you have good problem-solving abilities and great foresight, you can secure a job as a risk manager.
The tasks that a risk manager has to perform are as follows:
- Identifying any risk that might block a company’s financial progress.
- Suggesting plans that can help control the risks.
- Understanding the trends in the market and preparing financial strategies accordingly.
- Training other staff on the different ways of risk management.
Salary: A risk and insurance manager earns an average of 10,75,129 INR annually.
7. Financial Analyst
A financial analyst is one who guides individuals and businesses to make informed decisions about investments. He analyzes financial data and identifies market trends. He also explores potential investment options that can reap benefits.
Therefore, if you are interested in crunching numbers, this job may be appropriate for you.
The responsibilities of a financial analyst are as follows:
- He examines financial data and extracts important information that helps businesses make informed financial decisions.
- He analyzes complex financial information of companies and tells them whether they are working towards achieving their financial goals or away from them.
- He advises companies on when and where to invest to get the best possible returns.
Salary: The average annual salary of a financial analyst is 4,95,952 INR.
8. Senior Finance Executive
If you hold a Bachelor of Business Administration in Finance, you can become a senior finance executive.
A senior finance executive oversees and manages financial transactions within an organization. He also prepares financial plans to maximize a company’s profits, reduce costs, and pay off liabilities.
A senior finance executive has the following responsibilities:
- Preparing, analyzing, and finally presenting a company's financial statements.
- Conducting the budgeting process and preparing annual budgets.
- Conducting timely forecasting.
- Managing financial inspections.
- Ensuring a company’s compliance with financial regulations and accounting standards.
Salary: The average annual salary of a senior finance executive is 19,74,732 INR.
Wrapping Up
A BBA Finance degree opens up diverse career opportunities in banking and finance. Graduates can seek job opportunities as financial planners, investment bankers, credit analysts, and many more. With rewarding salaries and a great scope for growth, these jobs are an excellent option for individuals interested in the financial field.
Are you ready to take the leap of faith? Sign up for the Bachelor of Business Administration offered by ITM and prepare for an immersive, industry-aligned experience that will open up exciting opportunities in the finance sector for you.
FAQs
1. Which job is best after BBA?
Depending on the specialization subject you choose during your BBA degree, you will have multiple job opportunities. For example, if you pursue a BBA degree in Finance, you will have exciting job opportunities as a risk manager, financial analyst, investment banker, credit analyst, etc.
2. What is the future of a BBA student?
The BBA course prepares an individual for various managerial and business-related jobs. With knowledge in sales, HR, finance, or information technology, graduates can quickly get jobs in both the private and public sectors. Later, with experience, they can assume higher roles.
3. Can I become a bank manager after BBA?
You can become a bank manager after pursuing a BBA, but you need to appear for a separate entrance examination organized by the bank. However, having a BBA degree in Finance might give you an edge over others.
4. Is BBA 4 years now?
BBA is a three-year course. During these three years, students are taught all the theoretical and practical aspects of the subjects they are studying.
