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Optimal financial planning and management form the basis of all successful organizations. If you are interested in joining the finance field and succeeding in it then you should be well-versed in financial planning and management. An effective way to do this is by pursuing an online MBA in Financial Planning in India.
In addition to many other reasons, the reason why you can rely on an online MBA in Financial Planning is that it trains you to meet the finance industry demands while enjoying a lucrative career. If you are passionate about dealing with numbers and want to learn the different ways in which they can be multiplied then an MBA online in Financial Services and Planning can be a good option.
In this blog, we will discuss the details of an online MBA in financial planning in India and the salary benefits that it brings for graduates.
What is an Online MBA in Financial Planning?
Organizations with good financial health are inclined to survive the longest. The online MBA Financial Planning helps students to gain a deeper understanding of Finance Management. It offers specialized knowledge of the latest finance trends and skills while helping students how to create budgets and make informed investment decisions that become the backbone of any organization.
The program is designed to cultivate expertise in Business Advisory and Financial Advisory by immersing students in subjects that include Business Finance, Financial Services, and Financial Planning. Students pursuing this program can choose any two specializations amongst Insurance, Equity, Real Estate, Cryptocurrency, Blockchain Technology, Mutual Funds, etc. while all domains are taught in detail.
One of the main USPs of pursuing an MBA online in Financial Planning from a renowned institution such as Chitkara University is that it is focused on an extensive range of Knowledge and Expertise while being exclusively delivered by industry stalwarts. Other than offering a comprehensive understanding of Financial Planning, Retirement Planning, and Estate Planning, the program also offers a technical understanding of Business Banking and Finance.
Hence this program helps in developing acumen in designing, developing, and managing portfolios, hedging them through derivatives, and understanding estate planning for developing capability in wealth transfers.
Career Paths and Salary Benefits After Earning an Online MBA in Financial Services and Planning:
After you have completed your online MBA in Financial Services and Planning from Chitkara University, you can carve your path in the finance sector. You will be in a position to embrace the vanguard of the Finance industry and revolutionize practices while unlocking many opportunities for growth and success.
Financial Planner/Advisor: A Financial Planner or an Advisor is a professional who offers financial advice or guidance to customers for compensation. These professionals can offer many different services including investment management, estate planning, tax planning, etc.
Increasingly, the Financial Advisors are also playing the role of one-stop consultants by providing everything from portfolio management to insurance suggestions. A Financial Advisor works to get a complete picture of assets, liabilities, income, and expenses.
The advisor understands all significant information about a person’s financial plan and then designs a roadmap for an empowered financial future. The salary of a Financial Advisor is INR 21 Lakhs per annum on average.
Investment Analyst/Advisor/Consultant: An Investment Advisor works as a professional within the financial industry by offering guidance to customers in exchange for a specific fee. The Investment Advisors own a duty to their customers and are required to put their customer’s interests first at all times.
For instance, an Investment Advisor must make sure that customer transactions are given priority over their own and that any recommendations made to customers are well-tailored to customer needs, preferences, and financial circumstances.
The average salary of an Investment Analyst or an Advisor is over INR 18 Lakhs per annum. This figure keeps increasing with experience.
Wealth Manager/Specialist: Another job opportunity available after completing an MBA online in Financial Services and Planning is that of a Wealth Manager or a Specialist is a subset of a Financial Advisor that offers high net worth and ultra-high net worth clients wealth management services. The main job of a Wealth Manager is to focus on a suite of services that include all kinds of person’s financial life.
Primary areas that a Wealth Manager or a Specialist manages include investment management, holistic financial planning, accounting and tax services, retirement planning, estate planning, etc. The average salary of a Wealth Manager is INR 12 Lakhs per annum which keeps increasing as the professional gains more experience.
Portfolio Manager/Advisor: A portfolio manager is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. The customers invest their money into funds based on the manager’s advice and they get suitable returns.
A Portfolio Manager analyses an investment strategy, chooses appropriate investments, and allocates each investment suitably toward an investment fund or an asset management vehicle. The average salary of a Portfolio Manager starts from INR 24 Lakhs per annum and goes high as the professional keeps gaining experience.
Insurance Advisor/Equity Advisor: An Insurance Advisor also called an Insurance Agent is a professional who offers advice to individuals and businesses about their insurance needs. They work either independently or for a company while offering a range of services related to insurance products.
Insurance Advisors are knowledgeable on different insurance products and policies including life insurance, home insurance, health insurance, and others. They guide their customers in choosing suitable insurance policies based on specific needs, financial situations, and risk tolerance.
The salary of an Insurance Advisor is INR 12-18 Lakhs per annum on average which keeps increasing as the professional gains more experience.
Also, read this blog post: Is an Online MBA in Financial Planning Worth It? Key Insights
Summing It Up
The successful completion of an online MBA in Financial Planning in India brings forth multiple career opportunities that promise lucrative salary benefits.
If you wish to succeed in the Financial Services industry then enroll for the online MBA in Financial Services and Planning from Chitkara University to enhance your career prospects and grow professionally.
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