Salaries After Pursuing a Master’s in Finance
A Master’s in Finance opens doors to various career prospects for graduates. It provides them with in-depth financial knowledge and the potential for high earning potential. The valuable skills and expertise gained through this programme help graduates to get competitive salary packages within the lucrative finance sector.
This blog will explore the significant impact of this degree on your professional journey, knowing the salaries after pursuing a master’s in finance, job opportunities, and the potential for fast career growth.
Top Paying Jobs in Finance with a Master’s Degree
A Master’s in Finance can be your key to some of the highest-paying jobs. This advanced degree equips you with the specialised knowledge that financial institutions need. Because these skills are valuable, people with a Master’s in Finance can often demand high salaries.
If you have graduated from top universities with a master’s in finance then there are high chances that you are the most sought-after candidate. Here is a list of jobs after pursuing a master’s in finance:
- Financial Analyst: These professionals carefully examine financial information and prepare reports to help others make sound investment decisions. Their reports offer valuable insights that guide investment decisions.
- Investment Banker: Investment bankers assist companies with complex financial transactions, such as mergers and fundraising. They provide expert advice on raising capital, mergers, acquisitions, and restructuring.
- Financial Manager: They oversee a company’s financial health, managing tasks like budgeting and planning. They develop and execute financial strategies, manage budgets, and ensure economic stability.
- Risk Analyst: Risk analysts identify and manage financial risks within organisations, ensuring they comply with regulations. They develop strategies to mitigate these risks and protect the company’s financial position.
- Financial Controller: They are responsible for a company’s financial operations and reporting, ensuring accuracy and adherence to accounting standards. Financial controllers also provide financial analysis and support to management, helping them make informed business decisions.
- Wealth Manager: Wealth managers provide personalised financial planning and investment advice to high-net-worth individuals. Wealth managers create personalised strategies by understanding their client’s financial goals and risk tolerance, including investments, tax, estate, and retirement.
Note: The job prospects after pursuing a master’s in finance are diverse and you have many other options as well.
Global Salary Comparision
Different countries offer varied salaries to graduates who have pursued master’s in finance. The following table provides a comparison of salaries after pursuing a master’s in finance in the key countries:
| Country | Average Salary (per year) | Top Recruiters |
|---|---|---|
| USA | $60,000 to over $100,000 (INR 50 to 83 Lakhs) | Goldman Sachs, JP Morgan Chase, Morgan Stanley, Bank of America Merrill Lynch |
| Australia | AUD 80,000 to AUD 120,000 (INR 45 to 67 Lakhs) | Peoplebank, Titan Recruitment, Greythorn, BEON.tech, Mind Recruitment |
| Germany | €59,000 to €90,000 (INR 53 to 81 Lakhs) | Siemens, Daimler, BMW, Volkswagen |
| Canada | CAD 90,000 to CAD 130,000 (INR 55 to 79 Lakhs) | McKinsey, BCG, Bain & Company |
| UK | £60,000 - £100,000 (INR 64 Lakhs to 1 cr) | Barclays, HSBC, JPMorgan Chase, Morgan Stanley |
| France | €40,000 to €60,000 (INR 36 to 54 Lakhs) | TotalEnergies, L'Oréal, Airbus, Renault |
| Ireland | €45,000 - €66,000 (INR 40 to 59 Lakhs) | CRH, Kerry Group, Ryanair |
| Singapore | SGD 80,000 - SGD 120,000 (INR 49 to 74 Lakhs) | Singapore Airlines, CapitaLand, Singtel |
Career Prospects in the USA
The demand for skilled financial professionals in the USA is at its peak. Pursuing a master’s in finance in the USA, you’ll understand various financial aspects, including investments, financial markets, banking operations, global economic trends, and international finance. The USA has the world’s largest and most liquid capital markets, providing unparalleled opportunities in investment banking, equity research, and trading.
Investing in a Master’s in Finance can yield significant financial rewards. Graduates with this degree have an average salary base of $60,000 to $100,000 annually. Here is a list of job prospects in the USA which offer salaries after pursuing a master’s in finance:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | $83,000 (INR 69 Lakhs) |
| Credit Analyst | $118,600 (INR 98 Lakhs) |
| Finance Manager | $72,000 (INR 60 Lakhs) |
| Investment Banker | $2,00,000 (INR 1 cr) |
| Finance Director | $140,955 (INR 1 cr) |
| Financial Service Sales Agent | $64,000 (INR 53 Lakhs) |
| Financial Advisor | $57,000 (INR 47 Lakhs) |
| Senior Financial Analyst | $84,803 (INR 70 Lakhs) |
Career Prospects in Australia
Studying for a Master of Finance (MFin) in Australia provides access to diverse job options in the finance industry, known for high pay and a wide range of positions.
According to a popular QS ranking, 18 universities from Australia are among the world’s Top 323 accounting and finance subject rankings. And it is worthwhile to say that 5 have been placed in the Top 50 QS universities. The average salary in Australia is AUD 80,000 to AUD 1,65,,000. Here is a list of jobs and the salaries after pursuing a master’s in finance:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | AUD 98,000 (INR 55 Lakhs) |
| Credit Analyst | AUD 88,000 (INR 49 Lakhs) |
| Finance Manager | AUD 140,000 (INR 79 Lakhs) |
| Investment Banker | AUD 200,000 (INR 1 cr) |
| Finance Director | AUD 165,181 (INR 93 Lakhs) |
| Financial Service Sales Agent | AUD 77,500 (INR 43 Lakhs) |
| Financial Advisor | AUD 110,000 (INR 62 Lakhs) |
| Senior Financial Analyst | AUD 131,500 (INR 74 Lakhs) |
Career Prospects in Germany
Germany is a global leader in sustainable finance, providing opportunities for those interested in ESG (Environmental, Social, and Governance) investing and green finance. After obtaining a Master of Science in Finance in Germany, the typical salary is determined by various factors such as the person’s expertise, the particular sector, the location, and the company.
Multiple sections of the finance industry provide different salary ranges. For instance, the salaries in investment banking and private equity are typically higher than those in corporate finance or financial planning.
Generally, salaries are higher in prominent economic centres such as Frankfurt, Munich, and Berlin because of the presence of financial institutions and multinational corporations. The average salary in Germany is €60,000 to €115,000. Here is a list of jobs and the salaries after pursuing a master’s in finance:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | €66,000 (INR 59 Lakhs) |
| Credit Analyst | €65,000 (INR 59 Lakhs) |
| Finance Manager | €82,750 (INR 72 Lakhs) |
| Investment Banker | €115,000 (INR 1 cr) |
| Finance Director | €107,886 (INR 97 Lakhs) |
| Financial Service Sales Agent | €74,000 (INR 67 Lakhs) |
| Financial Advisor | €60,000 (INR 54 Lakhs) |
| Senior Financial Analyst | €67,297 (INR 61 Lakhs) |
Also read – Ways to Fund your Overseas Education
Career Prospects in Canada
Graduates in Canada with a Master’s in Finance have various promising job opportunities. Top financial institutions look for graduates who have completed a master’s in finance due to their strong economic knowledge and analytical skills, making them valuable in the Canadian job market. Most Canadian universities have tie-ups with industries and corporations that provide students with different career options, such as internships, part-time jobs, and even full-time employment.
Canada provides an ideal environment for establishing a prosperous career in finance, boasting strong industry ties and a great financial sector. The average salary in Canada is between CAD 60,000 to CAD 130,000. Here is a list of jobs and salaries after pursuing a master’s in finance:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | CAD 67,585 (INR 41 Lakhs) |
| Credit Analyst | CAD 59,119 (INR 36 Lakhs) |
| Finance Manager | CAD 1,03,927(INR 63 Lakhs) |
| Investment Banker | CAD 1,39,275 (INR 85 Lakhs) |
| Finance Director | CAD 214,475 (INR 1 cr) |
| Financial Service Sales Agent | CAD 45,044 (INR 27 Lakhs) |
| Financial Advisor | CAD 61,307 (INR 37 Lakhs) |
| Senior Financial Analyst | CAD 103,458 (INR 63 Lakhs) |
Career Prospects In the UK
The UK’s leading financial institutions are having to adapt to keep up with trends such as cyber security, artificial intelligence (AI) and cloud services. The diverse field of finance provides a wide range of positions, each with different responsibilities, high salaries, and growth potential.
These positions play a crucial role in the financial industry and can also lead to a prosperous career in the UK job market. The average salary in the UK is between £33,000-£63,000. Here is a list of jobs and salaries after pursuing a master’s in finance in the UK:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | £34,444 (INR 37 Lakhs) |
| Credit Analyst | £60,031 (INR 64 Lakhs) |
| Finance Manager | £40,577 (INR 43 Lakhs) |
| Investment Banker | £33,512 (INR 36 Lakhs) |
| Finance Director | £80,000 (INR 86 Lakhs) |
| Financial Service Sales Agent | £34,836 (INR 37 Lakhs) |
| Financial Advisor | £57,983 (INR 62 Lakhs) |
| Senior Financial Analyst | £63,788 (INR 68 Lakhs) |
Career Prospects In France
The increasing demand for specialised roles in the finance sector following a Master’s degree in Finance in France is a significant trend. Institutes like EDHEC are ranked across the globe. Graduates with a Master of Finance degree can explore various areas, including commercial banking, investment banking, asset management, risk management, and financial planning.
This trend reflects the need for experts who can overcome specific economic challenges and create better opportunities. Here is a list of jobs and salaries after pursuing a master’s in finance in France:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | €52,500 (INR 47 Lakhs) |
| Credit Analyst | €49,000 (INR 45 Lakhs) |
| Finance Manager | €72,500 (INR 65 Lakhs) |
| Investment Banker | €93,000 (INR 84 Lakhs) |
| Finance Director | €115000 (INR 1 cr) |
| Financial Service Sales Agent | €35,500 (INR 31 Lakhs) |
| Financial Advisor | €62,683 (INR 56 Lakhs) |
| Senior Financial Analyst | €90,576 (INR 82 Lakhs) |
Career Prospects In Ireland
A Master’s in Finance offers promising career opportunities in Ireland’s growing financial sector. Dublin is known as a financial hub with a lot of financial service firms. This advanced degree provides you with valuable skills that banks and financial firms seek. From analysing investments to managing risk, a Master’s in Finance opens doors to various roles like financial analyst or risk analyst. This qualification strengthens your chances of getting a rewarding job in Ireland. Here is a list of jobs and salaries after pursuing a master’s in finance in Ireland:
| Job Post | Average Salary (per year) |
|---|---|
| Financial Analyst | €46,400 (INR42 Lakhs) |
| Credit Analyst | €52 500(INR 47 Lakhs) |
| Finance Manager | €83,000 (INR 75 Lakhs) |
| Investment Banker | €73,800 (INR 66 Lakhs) |
| Finance Director | €110,000 (INR 1 cr) |
| Financial Service Sales Agent | € 35,000 (INR 31 Lakhs) |
| Financial Advisor | €45,286 (INR 40 Lakhs) |
| Senior Financial Analyst | €65,000 (INR 59 Lakhs) |
Career Prospects In Singapore
Singapore offers varied jobs after pursuing a master’s in finance. Graduates get jobs in banking, finance, capital markets, asset/wealth management, etc. Employers highly value masters in finance graduates for their strategic thinking, strong leadership abilities, and flexibility. The average salary offered in Singapore is SGD 80,000- SGD 120,000. Here is a list of jobs and salaries after pursuing a master’s in finance in Singapore:
| Job Post | Salary |
|---|---|
| Financial Analyst | SGD 58,803 (INR 36 Lakhs) |
| Credit Analyst | SGD 73,000 (INR 45 Lakhs) |
| Finance Manager | SGD 120,000(INR 74 Lakhs) |
| Investment Banker | SGD 1,90,000 (INR 1 cr) |
| Finance Director | SGD 240,000 (INR 1 cr) |
| Financial Service Sales Agent | SGD 72,780 (INR 45 Lakhs) |
| Financial Advisor | SGD 98,496 (INR 61 Lakhs) |
| Senior Financial Analyst | SGD 96,053 (INR 59 Lakhs) |
Conclusion
A Master’s in Finance can be your key to a successful career. This advanced degree gives you in-depth knowledge and specialised skills that are highly valuable to banks and financial institutions. This helps you in grabbing various job opportunities after pursuing a master’s in finance. However, salaries can vary depending on the specific industry you work in, your experience level, and your job location. A Master’s in Finance can give you the skills and knowledge to excel in this career.
FAQs
What is the average pay structure for an MBA finance graduate?
The average salary for an MBA Finance graduate can vary depending on several factors, including experience, industry, and location. However, graduates earn an average of $125,000.
How much money does someone with an MBA in finance make without experience?
Even without experience, an MBA in Finance can earn a good starting salary of around $75,572.
Which jobs are available for Master of Finance graduates?
A Master’s in Finance opens doors to a wide range of exciting careers in finance. Some jobs include:
- Financial Analyst: Analysing financial data and providing insights for investment decisions.
- Risk Analyst: Identifying and managing financial risks within companies.
- Financial Manager: Overseeing a company’s financial health, managing budgets, and planning for the future.
- Investment Banker: Assisting companies with complex financial transactions like mergers and acquisitions.
- Wealth Manager: Providing personalised financial planning and investment advice to high-net-worth individuals.
Which country has the highest wages in the finance industry?
The countries with the highest salaries after pursuing a master’s in finance tend to be significant financial centres like the United States, Canada, and the United Kingdom. However, the cost of living can also be higher in these countries, so it’s essential to consider all factors before deciding.
Is a Master's in Finance worth it if I don't want to work in traditional finance?
The skills learned in a Master’s in Finance programme, like financial analysis and data modelling, can be valuable in various sectors beyond traditional finance. These skills can be applied to consulting, tech startups, or non-profit organisations.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
