An MBA in Finance will concentrate on the theories and analysis and cement the students' economic, mathematics, financial and observational skills.
It's one of the most challenging, lucrative, and sought-after MBA specialisations among recruiters. Accounting and finance are frequently among the most in-demand MBA specialisations. This is the rationale behind the current trend of people choosing to gain experience in finance within business management.
The two-year course will provide students with better career opportunities and personal growth. An MBA in Finance will concentrate on the theories and analysis and cement the students' economic, mathematics, financial and observational skills.
What is the Scope of an MBA in Finance?
The scope of an MBA in Finance is high and good.
Finance is essential whether an organisation is large, small, medium-sized, or micro-sized. Even though you'll start out in an executive or entry-level position, you'll eventually advance to executive and senior positions. You can choose to work in an analytical role after investing a lot of time in the finance industry.
The scope for students who study MBA in Finance is diverse as you can assume all kinds of roles ranging from being an asset management executive to a financial advisor, an investment banker, a cost manager, a financial manager or anything else. There are plenty of opportunities in the government sector too. A financial manager with a good understanding of his subject is always in demand as it’s not just private entities, but government offices and public entities too that require adequate financing to sustain their operations.
What Salary can we expect after doing MBA in Finance?
After graduation as freshers, students get a starting salary of between Rs. 4 LPA to Rs. 7 LPA in entry-level positions.
Students from reputable top B-schools get higher-end salaries during their placement drive, like the highest package of Rs. 30-50 LPA.
The average package ranges from Rs. 10 to 20 LPA for professionals with 5-9 years of industry experts who have advanced to mid-level managerial roles.
Senior-level professionals with ten to fifteen years of work experience get an average package between Rs. 20 to Rs. 40 LPA in managerial positions.
Who Should Consider Doing MBA in Finance?
The primary skills that may be needed for doing MBA in Finance are accounting skills, financial reporting, financial management, budgeting, cash flow management, etc. If you are from a commerce background or you are looking for CFA certification, MBA in Finance course is the right choice for you. It is also a great choice for students looking to build up their future as-
- Accounts Manager
- Cash Manager
- Management Consultant
- Credit Specialist
What are the Job Roles Offered after MBA in Finance?
|
Job Role |
Description |
|
Investment Banker |
Investment Bankers are financial advisors of an organization. It is a very valuable and high-paying job, where you also have to raise funds for your clients. |
|
Accounting Manager |
An Accounting Manager is responsible for managing the accounting department of a company. The manager delegates tasks to the accountants and oversees financial reporting, budgeting, and other responsibilities. |
|
Financial Analyst |
Financial Analysts have strong mathematical and analytical skills. They perform research initiatives to develop investment strategies for a company. |
|
Credit Manager |
Credit Managers are hired to oversee a company's credit granting procedure to minimize bad debt losses and optimize sales. |
|
Insurance and Risk Manager |
Such managers access potential risks in an organization. They also devise strategies to minimize and avoid risks. |
|
Corporate Controller |
The controller keeps a check on the accounting operations of a company and helps to maintain its financial health. |
|
Treasurer |
The job role includes overseeing the company’s financial administration, financial reporting, and advising on fundraising and financial strategy. |
|
Finance Officer |
Financial Officer’s job roles include preparing financial reports, managing the budget, and looking into the financial aspects of a firm. |
|
Cash Manager |
A cash manager is responsible for ensuring sufficient liquidity in a company and looks after its various cash management activities, such as monitoring the cash flow, budgeting, and forecasting. |
|
Retail banker |
A retail banker assists customers in deposit and savings accounts. They are responsible for acquiring new clients. |
Apart from this, there are various other entry-level as well as managerial positions after doing MBA in Finance, including equity analyst, hedge fund manager, financial advisor, asset manager, and others.
MBA in Finance from top B-schools helps students land the best job roles with excellent salary packages.
What are the Eligibility Criteria for MBA in Finance?
Most of the institutes have similar criteria for admission to MBA in Finance. However, there may be a few exceptions in the minimum percentage requirement.
- Applicants must be graduated with at least 50% marks from a reputed college/university.
- Some MBA schools that have excellent reputations may require an 80%+ score.
- Students must appear for competitive exams like CAT, XAT, MAT, SNAP, NMAT, etc.
- Final-year students can apply for MBA in Finance by obtaining a no-objection certification from their present college.
- 1-2 years of work experience in Finance, Banking, or Accountancy, in the case of some top-level institutions
Check with the respective college you are applying to for its eligibility requirements.
What is the Admission Process for MBA in Finance
The admission process can be management or merit-based. The applications must meet the minimum entrance exam scores and percentage in bachelor's.
Application- MBA in Finance applications can be filled offline as well as online. The entrance exam score and merit are the basis of shortlisting of the applications. Most universities also administer PIs and GDs.
Selection- Entrance exam scores are considered in the selection process. However, every institute has a different selection process.
Direct MBA admission- While most of the universities offering MBA in Finance admit students based on entrance exam scores, some business schools offer direct admission on a first-come-first-serve basis.
Which companies hire graduates with MBA in Finance?
Demand professionals with an MBA in Finance from MNCs, retail and manufacturing companies, IT, e-commerce, consultancies, telecom businesses, and Finance and intelligence firms.
The top companies which hire graduates with MBA in Finance are
- PriceWaterHouseCoopers
- KPMG
- Deloitte
- McKinsey
- Deutsche Bank
- Barclays
- HDFC Bank
- JP Morgan
- Boston Consulting Group
- Goldman Sachs
- Morgan Stanley
- Apple
- Samsung
- Microsoft
- Ernst & Young
- IBM
- VISA
- Accenture
- Wipro
- Infosys
- HSBC
- ICICI Bank
- Capgemini Consulting
- TCS
- State Bank of India
- MASTERCARD
What skills do companies look for students to recruit?
The 10 important skills companies check with the students while recruiting are
- Pressure management
- Time Management
- Mathematical skills and ability
- Enjoy working in mathematics and statistics.
- Data Analyzing and Interpretation
- Understanding the basic concepts
- Individuals with motivation
- Team player
- Problem-Solving Skills
- A basic understanding of current market trends
What do they teach in MBA in Finance?
An MBA in Finance teaches students the following subjects:
- Business Communication
- Business Statistics
- Organisational Behavior
- Artificial Intelligence in Business
- Operations Management
- Analysis of Financial Management
- Consumer Behavior
- Strategic Management
- Financial Management and Valuation
- Digital Finance
- People Management
- Global Economics
- Principles of Financial Regulation
- Financial Information Systems
- Financial Criminology
- Behavioural Finance
- Data Visualization in Finance
- International Business & Finance
- Managing FinTech Ecosystems
- Blockchain & Cryptocurrency
- Business Ethics & Corporate Social Responsibility
- Business Bankruptcy
- Financial Statement Analysis
- Business income Taxation
- Digital Fraud & Risk Analytics
- Creating Financial Stability & Resilience
- Stock Market Analysis
- Different financial instruments with Futures and options
- Investment Banking
Which are the best colleges for pursuing MBA in Finance?
In India, many Management Institutes offer MBA in Finance.
The top 11 MBA colleges which provide MBA in Finance are:
|
College Name |
Course Offered |
Duration of Course |
Fees |
Exams Required |
|
IIM Bangalore |
Master of Business Administration |
2 Year Full-Time |
Rs. 24.5 Lakhs |
CAT |
|
SP Jain Institute of Management and Research, Mumbai (SPJIMR) |
PGDM |
2 Year Full-Time |
Rs. 20.42 Lakhs |
CAT |
|
IIM Kozhikode |
Post Graduate Programme in Finance (PGP-Finance ) |
2 Year Full-Time |
Rs. 20.50 Lakhs |
CAT/GMAT/GRE |
|
LBSIM Delhi |
Post-Graduate Diploma in Management (Financial Management) |
2 Year Full-Time |
Rs.13.09 Lakhs |
CAT, XAT, GMAT |
|
Xavier Institute of Social Service (XISS), Ranchi |
Post-Graduate Diploma in Management (Financial Management) |
2 Year Full-Time |
Rs. 10 Lakhs (Approx.) |
XAT, CAT, CMAT |
|
Institute of Public Enterprise (IPE) |
POST GRADUATE DIPLOMA IN BANKING AND FINANCIAL SERVICES |
2 Year Full-Time |
Rs.19.22 Lakhs |
SNAP |
|
NMIMS Mumbai |
Post Graduate Diploma in Banking and Financial Services |
1 Year Full-Time |
Rs. 4.25 Lakhs |
Aptitude Test |
|
IFMR Krea University |
MBA |
2 Year Full-Time |
Rs.14.56 Lakhs |
CAT, XAT, NMAT, CMAT, GMAT |
|
FORE School of Management |
Post Graduate Diploma in Management (Financial Management) |
2 Year Full-Time |
Rs. 16.98 Lakhs |
CAT, XAT, GMAT |
|
IMI Delhi |
Post Graduate Diploma in Management (Banking & Financial Services) |
2 Year Full-Time |
Rs. 20.19 Lakhs |
CAT, XAT, GMAT |
|
Jaipuria Institute of Management (Lucknow) |
PGDM (Financial Services) |
2 Year Full-Time |
Rs.11.50 Lakhs |
CAT, MAT, CMAT, XAT, ATMA |
What is the Admission Process in MBA in Finance?
MBA in Finance is among the top MBA specialisations most students opt for. Getting into top b-schools is not an easy task.
The eligibility criteria for MBA in Finance are as follows:
-
Requires a minimum of 50% marks in graduation.
-
Students must appear for competitive exams like CAT, XAT, MAT, SNAP, NMAT, etc.
-
Final year graduation students can also apply for the MBA/ PGDM courses.
The admission Procedure for MBA in Finance is as follows:
-
Apply for the MBA in Finance program.
-
Students will be shortlisted based on competitive exam scores.
-
The shortlisted students will be called for GD/PI.
-
Final selection will be made on the scores of exams and the performance in GD/PI.
What are the Fees for MBA in Finance?
The top 10 MBA colleges with fees which provide MBA in Finance are
|
College Name |
Fees |
|
SP Jain Institute of Management and Research, Mumbai (SPJIMR) |
Rs. 20.42 Lakhs |
|
IIM Kozhikode |
Rs. 20.50 Lakhs |
|
LBSIM Delhi |
Rs.13.09 Lakhs |
|
Xavier Institute of Social Service (XISS), Ranchi |
Rs. 10 Lakhs (Approx.) |
|
Institute of Public Enterprise (IPE) |
Rs.19.22 Lakhs |
|
NMIMS Mumbai |
Rs. 4.25 Lakhs |
|
IFMR Krea University |
Rs.14.56 Lakhs |
|
FORE School of Management |
Rs. 16.98 Lakhs |
|
IMI Delhi |
Rs. 20.19 Lakhs |
|
Jaipuria Institute of Management (Lucknow) |
Rs.11.50 Lakhs |
How is the future of an MBA in Finance?
Today, every economy is highly dependent on finance. Finance is a key factor in the advancement of industries. Expert financial managers develop important and relevant strategies to aid organisations in enhancing their financial health and operational performance during such struggling times.
Finance is essential whether an organisation is large, small, medium-sized, or micro-sized.
Professionals in finance and the expanding MBA finance scope in various fields, there are now more finance graduates being recruited and offered lucrative salary packages by top companies.
Can one do MBA in Finance with a non-commerce background?
Yes, students with Non-Commerce backgrounds also can do MBA in Finance. During MBA in Finance program, the students will be trained, whether from commerce or non-Commerce background.
How to answer why “MBA in Finance” during the personal interview in MBA college selection?
The demand for financial analysts is more as the role becomes increasingly popular across different enterprise sectors. A renowned institution's MBA in Finance is sufficient to land a job as a finance analyst. To successfully get into the top b-schools, you must succeed in the business analyst interview.
The student should prepare well for the interview. While preparing, they can take suggestions from the experts but should prepare their answers.
The 3 essential points that a student must keep in mind while preparing for Interviews is an MBA in Finance.
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While in the Interview, the students must be aware of the answers they are giving and be true to themselves.
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The candidates must be able to express their zeal to learn with strong points..
-
The answers should be strengthened by valid points so that the panellist can analyse the answers easily.
Which is better, MBA in Finance vs MBA in Marketing?
|
MBA in Finance |
MBA in Marketing |
|
|
Definition |
In Finance, professionals concentrate on several activities, taxation, investment banking, financial statement analysis, hedge fund management, insurance management, and reporting. |
In Marketing, the focus is fully on Product, Place, Promotion and Price. The focus is to increase a company's sales, which can be done through various activities. |
|
Fees |
Rs. 14 - 30 Lakhs |
Rs. 10- 25 Lakhs |
|
Eligibility |
|
|
|
Job Roles |
Financial Manager/Analyst. Credit Analyst. Accounting Manager. Risk and Insurance Manager. |
Marketing Manager Brand Manager Sales Manager Business Development Executive Market Research Analyst Product Manager Relationship Manager |
|
Salary |
Starting Rs. 18 LPA to Rs. 45 LPA |
Starting Rs. 15 LPA to Rs. 45 LPA |
|
B-Schools |
IIM Ahmedabad IIM Bangalore IIM Calcutta XLRI Jamshedpur IIM Kozhikode IMT Ghaziabad TAPMI Manipal IMS Ghaziabad IMT Ghaziabad |
IIM Ahmedabad IIM Bangalore IIM Calcutta ISB Hyderabad FMS Delhi IIFT Delhi/Kolkata XLRI Jamshedpur SPJIMR Mumbai |
Which is better, MBA in Finance vs MBA in HR?
MBA in Finance and MBA in Finance are a closely related course since finance department always needs an analyst.
Students can opt for both separately according to their interests.
|
MBA in Finance |
MBA in HR |
|
|
Definition |
In Finance, professionals concentrate on several activities, taxation, investment banking, hedge fund management, asset finance, tax planning, insurance management, financial statement analysis and reporting. |
In HRM, professionals concentrate on several activities, including employee relations, hiring, pay and benefits, employee engagement, and so forth. |
|
Fees |
Rs. 14 - 30 Lakhs |
Rs. 10 - 20 Lakhs |
|
Eligibility |
|
|
|
Job Roles |
Financial Manager/Analyst. Credit Analyst. Accounting Manager. Risk and Insurance Manager. |
Human Resources Manager Human Resource Generalist Staffing Director Technical Recruiter Executive Recruiter Compensation Manager Employees Relations Manager Director of HR Training and Development |
|
Salary |
Starting Rs. 18 LPA to Rs. 45 LPA |
Starting Rs. 15 LPA to Rs. 30 LPA |
|
B-Schools |
IIM Ahmedabad IIM Bangalore IIM Calcutta XLRI Jamshedpur IIM Kozhikode IMT Ghaziabad TAPMI Manipal IMS Ghaziabad |
Shailesh J Mehta School of Management, IIT Bombay NMIMS Mumbai KJ Somaiya School of Management TAPMI Manipal XIM University IMS Ghaziabad MDI Gurgaon |
Are there integrated courses in marketing and Finance in India?
In two years, students will earn an MBA with dual specialisations in finance and marketing. A competitive career is the emphasis of such a program.
It has always taken a combination of skills to land a dream job in a reputable managerial role.
The value of a dual-specialization MBA will always be beneficial to your career.
Are there integrated courses in Finance and Business Analytics in India?
The emphasis on analytics courses has increased due to the rising demand for data science and analytics.
The industry's tools are a significant focus of the analytics specialisation. The addition of Finance as a dual specialisation has greatly enhanced the course's value by adding more in-demand industry certifications and research projects.
Professionals with finance and analytics as specialisation can easily take the financial analyst role.
Symbiosis Institute of Digital & Telecom Management Pune provides an integrated course on analytics and finance.
Symbiosis Institute of Digital & Telecom Management Pune provides an integrated course on analytics and finance.
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