Top MBA Quantitative Finance Colleges in Bangalore

Quantitative finance is a relatively new subject which is gaining a lot of importance in the financial sector. The main responsibility in the quantitative finance domain is to evaluate the financial conditions of an organisation and ensure to improvise the efficiency by spending less. The present financial global finance condition has forced many organisations to rework on their finances and hence they hire more skilled financial professionals. 

Some of the job roles available are:

Risk Manager: The risk managers advise organizations and businesses on any existing risks to their profits, identifying and evaluating possible threats and setting up contingency plans. Risk managers may specialize in technology risk, business continuity, markets and corporate governance (and a number of other areas).

Salary & Emoluments: Risk manager will receive a salary that ranges from 6 lakhs to 8 lakhs per annum. 

Financial Manager: The financial managers provide financial analysis to companies, evaluating their products and assets, and suggesting any changes where necessary. Typically, they are employed by banks, investment houses and mutual fund companies, they use their expertise in applied mathematics, statistics and IT to help businesses prosper.

Salary & Emoluments: Financial manager will receive a salary that ranges from 5 lakhs to 10 lakhs per annum. 

Derivatives Trader: The derivatives traders are highly specialized stock traders. Simply put, they buy and sell derivatives (financial products that derive their value from their relationship with another asset or cash flow e.g., swaps, futures contracts, employee stock options, exchange traded stock options).

Salary & Emoluments: Derivatives trader will receive a salary that ranges from 8 lakhs to 12 lakhs per annum. 

Asset Manager: As an asset manager one will be working in an asset management organisation. They are responsible to manage assets (intellectual property, human capital, financial assets and goodwill) on behalf of people and businesses in order to achieve the greatest possible returns.

Salary & Emoluments: Asset manager will receive a salary that ranges from 6 lakhs to 12 lakhs per annum. 

Fund Manager: The fund managers handle and supervise funds to maximize returns. As a fund manager one could be working in a number of financial sectors, from banking or a brokerage firm, to insurance or the treasury departments of a large industrial group.

Salary & Emoluments: Fund manager will receive a salary that ranges from 10 lakhs to 15 lakhs per annum.

Other potential career roles:

• Chief Financial Officer
• Chief Risk Officer
• Finance Director
• Accounting Manager
• Financial Planner
• Corporate Finance Manager
• Financial Analyst
• Finance Officer
• Sales and Trading Analyst

The MBA Quantitative Finance professionals will enjoy the following benefits in their career

1. It’s in huge demand: Quantitative Finance is a new subject and is greatly attracting demand and quantitative finance professionals are required in large numbers. More and more organisations are adopting quantitative finance techniques in the coming days to survive the financial conditions. So, the demand for quantitative finance professionals increases in both start-ups and top MNCs in near future. Prospective job seekers in the field of quantitative finance have numerous opportunities in the future. It is the fastest growing job on LinkedIn, and it is predicted to create nearly around 11 million jobs by 2027 and thus quantitative finance is a highly-employable job sector.

2. Abundance of Positions: There are very few people who have the required skills to become complete quantitative finance professionals. This makes the quantitative finance domain less saturated as compared to other IT sectors. Therefore, quantitative finance is a vastly abundant field and has a lot of opportunities. The field of quantitative finance is high in demand but low in supply of skilled professionals. So, there are more positions available for quantitative finance professionals and career growth happens in a short span of time.

3. A Highly Paid Career: Quantitative finance domain is one of the most paid jobs in the world. According to different job listing websites surveys, the quantitative finance professionals are paid better salary packages when compared to other professionals in an organisation. This makes quantitative finance a highly lucrative career option.

4. Quantitative Finance is Versatile: There are numerous applications of quantitative finance. It is widely used in health-care, banking, consultancy services and e-commerce industries and many more. Quantitative finance is a very versatile field and has its influence in numerous fields of the business world. Therefore, the quantitative finance professionals have greater opportunity to work in various fields.

5. Quantitative Finance is Highly Prestigious: Quantitative finance professionals allow the companies to make smart business solutions. Companies rely on quantitative finance professionals for finances, and use their expertise to introspect their internal finances and strive to provide better results to their clients in cost effective modes. This gives quantitative finance professionals an important position in an organisation.