MBA Finance is among the most popular courses after graduation globally. Commonly any MBA course is of two years in duration and offers specializations including Accounting, Finance, and Administration. An MBA in Finance degree has always been on the preferred list of aspirants for various reasons. We will discuss them here.
To study this course, the average fees will be between 3 to 10 Lakhs INR per annum. After completing the course, students can expect an average remuneration of 4 to 10 Lakhs INR PA as salary in jobs with MBA in Finance. If aspirants are interested in studying further, they can choose either of these courses – PhD in Management, Diploma Courses for Professionals like CFA, PMP, or the CRMA. Truly, MBA Finance floods you with several opportunities for students from study and job perspectives.
What MBA Finance aims to teach?
An MBA Finance course will help aspirants to get insights into the following topics – Stock and Share value, Management of Fund, Budget and Taxation, Management of Revenue, etc. The aspirants will also get to analyze the Economic and Financial trends in both the Global & Domestic market to maximize profit and minimize risk. The students of MBA Finance course will be able to learn both practically and theoretically about the various areas of Finance. The syllabus of MBA in Finance will have the following topics:
- Growth strategies and Investment Analysis
- Corporate Finance and Valuation
- Global and Local Economics
- Mergers and Acquisitions
- Corporate Risk and Insurance
- Portfolio management
- Direct and Indirect taxation
- Operations Management
- Research Analysis
- Financial Planning
- Financial Economics
Eligibility for MBA Finance
One can study MBA Finance by taking various entrance tests in top MBA colleges in India. These tests are CAT, XAT, SNAP, IIFT, NMAT, GMAT, CMAT, MAT, and others. Apart from these candidates will have to obtain a minimum of 50 % marks in the Bachelors. There is a relaxation of 5% for the SC/ST/PwD students. Candidates who are still in their final year of graduation or waiting for their final year results can also apply for admission.
Why pursue an MBA Finance?
There are multiple reasons to opt for a course like MBA Finance. Such a management course helps to incorporate entrepreneurial skills, provide knowledge in finance, and develop leadership qualities and strategic skills. Following are the benefits of studying MBA Finance:
- Challenging job roles at top national companies and MNCs.
- Fair remuneration and high Return of Investment(ROI).
- Numerous employment scope as finance graduates are essential in every sector.
- Students can pursue jobs with MBA in Finance in various sectors like – Banking, Stock Brokerage, Real-Estate, Retail Firms, IT Companies, Manufacturing, and Insurance companies.
Top Colleges in India for doing MBA Finance
Choosing an MBA college, according to the specialization, is very critical. It is because a college designed for Human Resources Management may not be best suited for Finance Management. We have shortlisted 4 colleges offering management course in Finance, they are as follows:
In the field of management studies in Finance, IIM Calcutta is rated among the best 70 management schools in the world. This speaks volumes about the quality of education that the college offers.
Below mentioned are the Finance programs offered by the college:
- EPBFS or Executive Programme for Banking and Financial Sector – Total Fees: 160,000 Lakhs INR and Course Duration is for one year.
- EPAF or Executive Programme in Applied Finance – Total Fees is 210,000 Lakhs INR, and Duration of the course is one year.
Indian Institute of Management Bangalore (IIM B)
IIM Bangalore offers quality education in MBA Finance by offering aspirants an opportunity to pursue a research-based approach while studying. The students can pursue programs which are shorter in duration as well as longer programs. The college also offers custom made programs according to the interests of the students. The course is offered by IIM B is a Post Graduate Program in Management. The total fees are 23.15 Lakhs INR, and the duration of the course is two years.
NMIMS is a premier management college offering management courses in Finance. The college is accredited A+ by NAAC. The college has 8 campuses all over India. The courses offered by the college are:
- CRISIL Certified Analyst Programme – The total fees are 1.51 Lakhs INR, and the duration is for 2 years.
- PGDM in Financial Management, Banking and Finance – Total Fees: 96,000 INR & Duration is 2 years.
K.J. Somaiya Institute of Management Studies and Research – Mumbai
K.J. Somaiya holds a record of 99% placement in the field of management. It offers both Masters and Doctoral courses. Students can pursue a quality course in MBA Finance. The courses offered: MBA in Finance Management – Total Fees: 14.93 Lakhs INR, Duration: 2 years.
Great career opportunities after MBA Finance
It is no secret MBA Finance can offer great career opportunities. Post-graduating, one can explore plenty of lucrative job opportunities in the field of Financial with various firms. In this fast and profit-oriented economy, Finance is one of the important areas determining the success of the company. This makes the roles in Finance very critical in any company. Criticality in job roles invites and challenges as well as plenty of learning for fresh MBA Finance graduates. Apart from pursuing any job, after completing the course, students can start a business as well.
Job positions offered to MBA with Finance students are –
- Financial Analyst
- Manager Consultants
- Accounting Manager –
- Finance Managers
- Credit Managers
- Investment Bankers
- Finance Officers
- Insurance & Risk Managers
- Financial Advisors
- Operations Manager
- Investment Manager
Some of the average salaries drawn in jobs with an MBA in Finance are –
Some of the placements offered for jobs with MBA in Finance by top MBA colleges in India are –
Average Annual Placement (INR)
Indian Institute of Technology – Kharagpur
Indian Institute of Management – Kozhikode
Indian Institute of Management in Indore
|Indian Institute of Technology in Roorkee|
National Institute of Industrial at Engineering
HSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, and Barclays are some. So, if you have an interest in how Financial processes function in companies, then MBA Finance can be a great option. It will open a range of opportunities for students. Besides jobs, one can also do a PhD in MBA with Finance. We will also like students to research the course, and it’s prospects to self assess. Till then, all the best!