A Detailed Guide On MBA In Finance

Money, finance, economics are some of the relative terms that we use or come across in our daily lives, either in discussions, news, or when we are dealing with it for business or any other important purpose. Finance has always been such a topic which has always been there, be it in business, college or while freelancing. Even if we do not understand it in depth, we cannot avoid it from our daily lives.

MBA In Finance

Financial crisis is a major concern in every country and organization. All the companies are dependent on a skilled finance analyst with a professional degree. As the scope of MBA in Finance broadens, the course becomes one of the famous professional courses as it enhances one’s knowledge related to finance, and businesses, thus, enhances career prospects in finance. Growth prospects in the area are visible with the emergence of fintech companies and improvements in the way marketing of financial services is being done with the ease and comfort of the MBA in Finance courses. 

What Is A MBA In Finance?

Finance imparts knowledge on management, investment, control and review of the collection and resources of money. The course offers opportunities to learn and understand the field of finance in detail. MBA in Finance is provided by many of the top schools around the world. The course needs candidates with a strong background in accounting and mathematics. Career opportunities in this domain are varied with a handsome pay. The basic business administrative skills are imperatives for an MBA candidate specializing in finance as a major. These comprise analytical and problem solving skills, communication skills, leadership skills, interpersonal skills, teamwork and initiatives, among others. The dimensions for MBA in Finance are extensive internationally as there are several renowned institutions that provide international finance programmes. An MBA degree with a specialization in finance is surely the best way to secure a well-paid job which offers excellent employment opportunities. Such a degree helps students get an insight into how the financial world functions, different financial theories and how to solve different business problems.

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Course Structure

MBA stands for Master of Business Administration, and it is a postgraduate degree programme in management studies. Hence, the MBA degree programme offers courses in Sales and Marketing, Operations Management, Human Resource Management, Marketing Management, Logistics Management, and Business Analytics. Finance is the analysis and system of money, stocks, as well as other financial products.

The duration of MBA in Finance is two years in a post-graduate management degree that educated students on money management, control, and assessment of collection, investment, and resources. A specialization in MBA in Finance aims to provide knowledge on acquiring and allocating financial resources of a company along with its management and control. An MBA in Finance offers a wide range of opportunities to candidates whether the student  is a fresher or experienced in the financial world.

The entrance exams for an MBA in Finance include The Common Admission Test (CAT), Management Aptitude Test (MAT), Graduate Management Admission Council (GMAT), Common Management Admission Test (CMAT), Xavier Aptitude Test (XAT), and National Management Admission Test (NMAT). The applicant should have a Bachelor’s degree Eligibility criteria. Admissions are accepted based on the direct admission and the entrance examination.

Eligibility

The eligibility criteria of an MBA Finance is similar to that of an MBA  in general. In the first year, candidates have imparted knowledge of generic subjects while in the second year they are taught about their specializations opted i.e. Finance. Most of the B-Schools accept candidates on the basis of scores of qualified entrance exams while some provide admission on a merit basis. Given below are basic eligibility criteria for MBA in Finance which can be referred by candidates.

• Admission to the MBA Finance programme requires an undergraduate degree from a recognised university in any relevant field, such as BBA, BA, B.Sc, B.Com, BCA, with a minimum average of 50 per cent.
• Candidates need to participate in various national, state, and university-level entry exams, depending on the B-School selection.
• For the MBA in Finance programme, there are no age restrictions.
• Even though it is not required, work experience is highly recommended.

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Admission Process

Students must enroll at the colleges and universities where they want to study abroad for an MBA in Finance. They must secure a good grade point on their final examinations and meet the required percentage criteria to be admitted. Before enrolling in college and completing all essential paperwork, students should check the cutoff score. Students can also prove their eligibility by going to the institute’s official website, completing the online application form, and uploading the necessary papers.

Direct Admission

Depending on the institution, candidates for an MBA Finance must meet a number of entrance requirements. Students are admitted to a handful of business schools on a first-come, first-served basis. Students are admitted to MBA in Finance programmes at most academic institutions based on their academic performance or a cut-off score on an admissions test.

Cutoff At Top Colleges

Several things influence the MBA Finance merit score. Those who scored below the cut-off percentage are allowed to take the course. The number of applicants and their entrance exam scores, which vary by institution, determine the MBA in Finance cutoff.

Subjects Covered

• Financial Management
• Strategic Financial Management
• Global Financial Management
• Managerial Economics
• Management Accounting
• Financial Derivatives
• Accounting for Managers
• Project Management
• Mergers & Acquisitions
• Operations Research & Management
• Merchant Banking & Financial Services
• Security Analysis & Portfolio Management

MBA In Finance Skills Required

Managerial skills, knowledge of organisational culture, communication systems, and teamwork are all important skills of traditional MBA programmes. Students need all of these skills not only for MBA in Finance but also for other MBA disciplines such as Marketing Management, Operations Management. Both hard and soft abilities are essential in this industry, and being able to manage criticism while being fair can help you succeed. Some of the skills needed for this job include the following:

Career Benefits Of MBA In Finance

The aspirant gains knowledge and skills of both finance and business domain opening doors for career development. One gains knowledge about the investment strategies, insurance and corporate risks, and local and global economics. They are exposed to training related to finance, investment and banking. Two-year MBA in Finance teaches important topics to aspirants including economics, leadership, strategy and marketing, and statistics.

Scope Of MBA In Finance

Finance is an essential component of any economy, business, or enterprise. MBA in Finance is one major specialization that will improve your financial skills, business concepts, and awareness of the country’s economic growth. It is the ideal career to pursue with the appropriate specific skills because an MBA in Finance has a developing and rewarding scope for the future. Finance is now a critical component of all economies. Finance plays a significant part in the advancement of industries. Individuals with a master’s degree in finance can pursue a PhD. degree in the very same subject. Students will be able to expand their knowledge even further as they pursue higher-paying employment.

Scope of MBA in Finance is prominently visible even during the tough times and is expected to boom with the economic recovery. Such MBA courses ensure the recovery by inculcating necessary skills in the finance professionals. For this recovery, participants in the financial system are crucial and essential, and must possess necessary skills. In the business management perspective, the foundation for finance specialization in MBA is laid by management accounting, financial management, financial markets and services. Now with the enhanced scope of creative accounting, commodity derivatives, modern portfolio and investment analysis, merger, acquisition and corporate restructuring and corporate governance as an integral part of the existence of any corporate entity, scope is expanding.

Top Job Opportunities For MBA In Finance

New Job Opportunities For MBA In Finance’ Graduates

Finance is an area with multi-disciplinary orientation being the life blood of an organization, whether it is small, medium or any big conglomerate and will remain the backbone of a business entity. It is true that the jobs which were in the past will not surely be there in the future. But the silver lining is that there are a number of new job opportunities in this area include:

• Virtual financing.
• Financial analytics including risk analysis.
• Client profitability analytics or cash flow analytics.
• Trading firms, using the knowledge clubbed with technology.

Now the new normal is the pace of change not the change alone, and as change is inevitable so are the new opportunities. This change needs finance professionals who have a multi-disciplinary approach in finance and are innovative in their thinking and approach

Top MBA In Finance Recruiters

• Goldman Sachs
• Morgan Stanley
• Boston Consulting Group
• Bain & Company
• JP Morgan Chase & Co
• McKinsey & Co.
• Barclays
• KPMG
• State Bank of India
• HDFC
• Yes Bank

Thus, a degree of MBA in Finance as a specialization is important not only for today’s job market but it significantly plays a greater role in shaping your career as a person whose interests lies in the domain of finance and who loves the world of capitals, funds, money, wealth, and assets. If an MBA in Finance is of interest to you, be ready to venture into the world of finance with the calculators, ledger books, pens, and laptops as the weapon of wealth and finance management, and get ready to rule the world with excel sheets!

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FAQs

Q.1) Is MBA in finance a good degree? 

Ans: An MBA in Finance not only enhances your financial expertise but also cultivates leadership, creativity, and various other skills. This program provides valuable practical experience, enabling students and professionals to establish a robust career foundation and gain in-depth knowledge of the financial sector. 

Q.2) What is an MBA in Finance salary?

Ans: A fresher with less than three years of experience in MBA Finance typically earns an average salary of ₹2.5 Lakhs per year. On the other hand, a mid-career MBA Finance professional with 4-9 years of experience commands an average salary of ₹10.5 Lakhs per year.

Q.3) Is MBA in finance tough?

Ans: Pursuing an MBA in finance can be demanding due to its rigorous curriculum, encompassing diverse subjects such as accounting, economics, financial analysis, corporate finance, investments, and risk management. 

Q.4) Who is eligible for MBA in finance?

Ans: Prospective students need a bachelor’s degree in any discipline with a minimum of 50% marks or an equivalent CGPA from a recognized university/college. Top MBA finance colleges may require an aggregate score exceeding 80%, with a 5% relaxation for SC/ST/PWD candidates. 

Q5) Is B.Com required for MBA in finance?

Ans: While MBA in Finance is open to students from various academic backgrounds, it is commonly pursued by B.Com graduates. A minimum of 50% marks in graduation is required. Subsequently, candidates need to take common entrance exams such as CAT, MAT, XAT, SNAP, ATMA, etc.

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