Know how an MBA Finance degree opens the gate of opportunities for students

    MBA Finance

    Master of Business Administration (MBA) is one of the most sought after degrees globally. The MBA course spans for two years and is popular among students who aspire to pursue a career in Accounting, Finance, and Administration. Among the top specializations in a management course, MBA Finance has been forever on the priority list of students. The average fees to study MBA Finance ranges between 3 to 10 Lakhs INR yearly. Post-completion, one can expect 4 to 10 Lakhs INR PA as an average salary. One can also opt for a PhD in Management, Professional Diploma Courses like CFA, PMP, CRMA after completing the course. Truly, MBA Finance opens the gate of opportunities for students, and scroll down to know more.

    What MBA Finance teaches you? 

    During the course, the MBA Finance students will gain in-depth knowledge about Stock and Share value, Fund Management, Budget, Taxation, Revenue Management, and others. The students will analyze the Economic and Financial trends to minimize the risk and maximize profit. The MBA Finance course will help in gaining practical and theoretical knowledge about the various aspects of Finance. The common subjects are 

    • Accountancy
    • Investment Analysis and Growth strategies
    • Corporate Finance and Valuation
    • Local and Global Economics
    • Mergers and Acquisitions
    • Insurance and Corporate risk
    • Securities and Portfolio management
    • Direct and Indirect taxation
    • Managing Operations
    • Research Analysis
    • Financial Economies and Planning

    Why do MBA Finance?

    There are several points to choose a course in MBA Finance. Such a course helps to develop entrepreneurial abilities, financial knowledge, leadership qualities, and learn Finance related strategic skills. In addition to this, MBA Finance offers:

    1. High job-profile at national and international level companies
    2. High salary packages and high ROI (Return of Investment)
    3. Numerous employment options as it is not dependent on any specific sector
    4. Various career prospects in Banking, Stock Brokerage, Real-Estate and Retail Firms, Private Firms, Insurance and Accounting Companies, and etc.

    Eligibility for MBA Finance

    There are several entrance tests for admission into MBA colleges like XAT, SNAP, IIFT, GMAT, CMAT, MAT, etc. Other than one must secure at least 50 % marks in Graduation. For SC/ST/PwD candidates, the criteria are 45 %. However, the candidates who are still in their last year of Bachelor?s degree or waiting for their final results can also apply.

    Top Colleges in India for doing MBA Finance

    Choosing the college, according to the specialization, is important. It is because a college designed for International Business Management may not be best suited for Consulting Management. The most popular Indian Institutes of Management (IIM?s) which specialize in MBA Finance course are as follows:

    Indian Institute of Management Calcutta (IIM C)

    In Finance, IIM Calcutta is ranked among the top 70 global business schools that offer masters in management programmes. This speaks volumes about the world-class education that the college provides. Courses offered with Finance specialization are :

    • Executive Programme for Banking and Financial Sector (EPBFS) – Total Fees: 1.60 Lakhs INR and Duration is one year.
    • Executive Programme in Applied Finance (EPAF) – Total Fees: 2.10 Lakhs INR, and Duration: 1 year.

    Indian Institute of Management Bangalore (IIM B)

    IIMB offers top-class education in MBA Finance by giving its students an opportunity to adopt the research-based approach in studies. The students can pursue both Short Duration or Long Duration Programmes and Custom Programs according to their areas of interests. Courses Offered: Post Graduate Program in Management – Total Fees: 23.15 Lakhs INR, Duration: 2 years

    Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

    NMIMS has been accredited A+ by NAAC and comprises 8 campuses across India offering multiple disciplines excelling in all fields- research, theory, academics and practical experimentation. Courses offered:

    • CRISIL Certified Analyst Programme – Total Fees: 1.51 Lakhs INR & Duration: 2 years.
    • Postgraduate Diploma Management (Financial Management, Banking and Finance) – Total Fees: 96,000 INR & Duration: 2 years.

    K.J. Somaiya Institute of Management Studies and Research – Mumbai

    K.J. Somaiya has built its reputation in the industry. The Institute holds the record of 99% placement in the field of management where it offers both Masters and Doctoral Programs. 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 that a career in MBA Finance can open plenty of lucrative jobs in the Financial sector of various industries. In this fast-paced profit-oriented economy, the success of an organization depends upon understanding, analyzing and handling of the Finance.

    This makes the roles assigned to people from this course very critical. Apart from the following jobs, anyone after completing this course can also start their business as well.

    Job positions offered to MBA Finance students are –

    1. Accounting Manager – 
    2. Finance Managers
    3. Chief Financial Officers
    4. Manager Consultants
    5. Investment Bankers
    6. Credit Managers
    7. Financial Analyst
    8. Finance Officers
    9. Insurance & Risk Managers
    10. Financial Advisors
    11. Operations Manager
    12. Investment Manager

    Some of the average salaries drawn by Finance professionals post MBA Finance is –

    Job PositionAverage Salary
    Financial AnalystINR 4.04 LPA
    Relationship ManagerINR 5.99 LPA
    Business AnalystINR 6.07 LPA
    Operations ManagerINR 7.78 LPA
    Finance ManagerINR 9.99 LPA
    Management ConsultantINR 11.44 LPA
    Corporate ControllerINR 12.51 LPA
    Chief Financial Officer (CFO)INR 20 LP

    Some of the placements offered by various colleges are – 

    CollegeAverage Placement (INR)
    Indian Institute of Technology Kharagpur16.29 LPA
    Indian Institute of Management Kozhikode20 LPA
    Indian Institute of Management Indore11 LPA
    Indian Institute of Technology Roorkee10 LPA
    National Institute of Industrial Engineering12.40 LPA

    Some of the top recruiters hiring Finance students are HSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, etc. So, if you have an interest in accounting and management, then a specialized course in MBA Finance is a great option as it will open a plethora of opportunities for you. Good luck!

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