What is MBA in Finance? Scope, Eligibility, Colleges, Syllabus

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Lavleen kaur kapoor

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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.

What are the Job Roles Offered after MBA in Finance?

After MBA in Finance, students are offered various job roles like

  • Investment Banker
  • Accounting Manager
  • Financial Analyst 
  • Credit Manager 
  • Insurance and Risk Manager 
  • Corporate Controller 
  • Treasurer
  • Finance Officer
  • Chief Financial Officer (CFO) 
  • Cash Manager 
  • Financial Consultant 
  • Asset Manager
  • Credit Risk Manager
  • Retail Banker
  • Commercial Banker 
  • Investment Portfolio
  • Corporate Bankers
  • Equity Analyst 
  • Financial Advisor

MBA in Finance from top B-schools helps students land the best job roles with excellent salary packages.

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
  • Google
  • 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

  1. Pressure management
  2. Time Management
  3. Mathematical skills and ability
  4. Enjoy working in mathematics and statistics.
  5. Data Analyzing and Interpretation
  6. Understanding the basic concepts
  7. Individuals with motivation
  8. Team player
  9. Problem Solving Skills
  10. 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:

  1. Requires a minimum of 50% marks in graduation.

  2. Students must appear for competitive exams like CAT, XAT, MAT, SNAP, NMAT, etc.

  3. Final year graduation students can also apply for the MBA/ PGDM courses.

The admission Procedure for MBA in Finance is as follows:

  1. Apply for the MBA in Finance program.

  2. Students will be shortlisted based on competitive exam scores.

  3. The shortlisted students will be called for GD/PI.

  4. 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.

  1. While in the Interview, the students must be aware of the answers they are giving and be true to themselves.

  2. The candidates must be able to express their zeal to learn with strong points..

  3. 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

  • Graduation with a minimum of 50% marks.

  • CAT, XAT, NMAT, MAT, SNAP, etc.

  • Graduation with minimum 50% marks.

  • CAT, XAT, NMAT, MAT, SNAP, etc.

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

  • Graduation with a minimum of 50% marks.

  • CAT, XAT, NMAT, MAT, SNAP, etc.

  • Graduation with minimum 50% marks.

  • CAT, XAT, NMAT, MAT, SNAP, etc.

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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