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Jagpreet
09 May, 2025
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In the current market scenario, the accounting and financial services sector is leveraging the power of technology and automation to improve efficiency and accuracy. The market size is projected to grow by over 5% between 2024 and 2032, as per the report by Global Market Insights. What does this growth mean for you? A significant boost to the financial service sector paves the way for more jobs in this industry. In fact, even before the market shift, careers in accounting and finance were the most widely chosen owing to their presence in almost every sector. Although there are many other roles, the average accountant salary ranges between INR 4,00,000 to INR 10,00,000, depending on your experience and skills.
Though there are other options also, getting an MBA in Finance and Accounting is known to provide the necessary push you need in your career. Because in a managerial or senior position, your niche knowledge will not be enough, you need strong business understanding and the ability to manage a team. In this blog, we have highlighted the top 8 career opportunities in accounting and finance and the types of accounting jobs and salaries.
Accounting is a vast field; there’s a lot more than just crunching numbers. So there are multiple career paths in accounting and finance as a whole. Here are a few accounting jobs and salaries you can get:
An accounting manager has to perform various tasks including overseeing financial operations and ensuring the accuracy of the company’s financial information. His primary responsibilities include financial reporting, analysis, budgeting, forecasting, ensuring compliance with regulatory standards, developing risk management strategies, and many others. The precise responsibilities will depend on the company size and industry type. To become a proficient accounting manager, you should focus on learning about different software like QuickBooks, SAP, Oracle Financials, etc, and advanced Excel skills apart from the core knowledge.
As the name suggests, this role revolves around analysing a company’s past financial data to spot trends and assess risk. A financial analyst typically evaluates historical and current financial data to understand the organisation’s financial situation. In this role, you will have to study industry-specific business trends and write data-backed reports, measure financial risk and develop financial models to forecast business profits. The average financial analyst salary depends on your skill set and experience.
One of the roles of credit managers is to review and update the company’s credit policy and oversee loan payments and bad debts. You have to set loan interest rates, negotiate the terms and ensure that all lending procedures comply with the regulations. The duties of a credit manager typically involve creating credit score models, approving credit applications, developing credit policy, managing account ageing, and credit exposure management.
An individual responsible for managing all accounting-related activities within a company. These tasks include managing internal financial records, generating reports, payment collection, processing payroll, and monthly bank reconciliations. Their area of expertise can vary depending on the company size and industry, because he/she need to know the industry-specific tax and trade policies.
Some organisations have two separate positions for insurance and risk management roles, whereas some hire a single person to carry out similar tasks. The risk manager is responsible to perform risk assessment, and evaluation, and prepare risk and insurance budgets. Risk managers have to see what level of risk the company can bear and implement various processes to identify risk exposure and manage insurable risks. An insurance and risk manager generally works directly under the director.
They are professionals who have financial service knowledge, analytical prowess and strong communication skills. Their day is generally demanding, wherein they have to perform financial research, conduct valuation methods, maintain client relations, create investment pitches, and prepare recommendations for private equity transactions. Their role is divided into three main areas, including corporate finance, equity capital markets and debt capital markets.
It is one of the topmost positions in a company. The concerned individual has to oversee every aspect of the organisation’s finances. The flow of work goes from the CFO to the CEO and the board of directors. This role is considered similar to that of a treasurer or controller. A CFO has to track cash flow, indulge in finances and monitor the strengths and weaknesses of the company. It is a top-level executive position which requires strong business and finance knowledge.
An auditing manager plays a crucial role in evaluating the internal policies and processes to protect assets, preserve financial openness and identify frauds. The on-ground responsibilities can vary but, they typically include developing auditing plans, carrying audits, assessing risk, creating audit reports, managing the team and ensuring the quality of audit work.
As various research reports and studies show the projected growth in the accounting and finance market, there would be a significant rise in job opportunities across the globe. Earning an MBA degree in accounting will make you eligible for the diverse roles of this domain. However, there are other degrees as well to prepare you for a career in accounting and finance. An MBA is considered the most effective and advantageous academic path. Other than the ones given above, there are various job roles where an MBA degree will give you an upper hand. Therefore, if you are planning for a successful career in accounting, pursuing an MBA is a good choice.
For those who have studied it previously, accounting in an MBA is not hard.
The MBA programme will provide you with business knowledge and develop your management education. On the other hand, an MSc will only focus on niche subjects.
An MBA degree can help expand job opportunities, salary hikes and become eligible for higher management positions. If you have an interest in accounting, an MBA course will be worth it.
Some of the best MBA specialisations are business analytics, information technology, healthcare management, finance, marketing, international business and supply chain management among others.
The salary of an accountant depends on various factors like experience, company, location and skills. On an average, the salary of an accountant ranges between INR 4,00,000 to 10,00,000 LPA.
The average salary of a financial analyst is around INR 6.2 LPA, based on the current market trends. It can go up to INR 13.1 LPA, if you have strong skills and knowledge.
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