What is MBA in Finance?
An MBA (Master of Business Administration) in Finance is a degree that aims to impart a vast expanse of knowledge of the financial world. A student is taught about analysing financial data, building investment portfolios, interpreting economic trends, and other financial ratios. The admission process is the same as a regular MBA. Universities do consider the score of entrance examinations like CAT, MAT, GMAT, XAT, etc., for admitting a candidate.
This course also focuses on building a lot of interpersonal skills in a candidate, like leadership, good communication, teamwork, discipline, etc., which are equally important to work in the world of business and entrepreneurship.
An MBA in finance opens doors to a lot of career opportunities and an enticing salary that one can dream of. An MBA in Finance degree is high in demand as it equips the candidates with the necessary skills to efficiently manage the finances of multinationals and big business houses.
Top business schools that offer MBA in Finance course
For choosing a university that provides courses for MBA in Finance; some of the best options you can consider are as follows-
- IIM Kozhikode
- IIM Calcutta
- IIM Bangalore
- IIM Ahmedabad
- Faculty of Management Studies (FMS) Delhi
- Management Development Institute (MDI) Gurgaon
- XIMB Bhubaneswar
What does an MBA in Finance cover?
An MBA in finance will help you learn about all the aspects that are part of the financial sector, like investments, financial planning, and accounting. An MBA in Finance is a lot about numbers and calculations; hence, accounting and mathematics should be your core subjects.
Students are able to practically understand how areas like investment, insurance, risk, economic analysis, and financial strategies are managed at the corporate level through the various projects, simulations, models, and group activities that are part of the curriculum in colleges.
Subjects covered in MBA in finance are listed below:-
- 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
Why MBA in Finance?
With the government trying to make the financial sector more inclusive and robust in India, now more than ever, the job prospects in Finance are increasing rapidly. The financial crisis that the world has suffered in the past has made top financial institutions and companies adopt a more prudent approach. Due to this, such companies are hiring more people as managers, analysts, and strategists to deal with the financial aspects and to safeguard against any future crisis.
An MBA in Finance is among the most suitable candidates for these job roles. Also, there is a boom in new businesses and startups, and so the need for financial professionals to manage them is also increasing. Thus, not only are the job opportunities continuously increasing, but the pay packages have also shown growth.
Lucrative career opportunities and enticing salaries
Due to the diverse skill set that an MBA in Finance degree provides to its candidates, it is in great demand. Finance as a sector has seen high growth in terms of increasing job prospects as it is the building block of overall economic growth and expansion. Hence is of prominent importance.
Career after MBA in finance can be built in the following companies/sectors:
- Brokerage firms
- Corporate management companies
- Credit unions and private banks
- Insurance companies
- Financial planning service providers
- International financial management companies
- Investment service providers
- asset management
- corporate finance
- corporate banking
- credit risk management
- derivatives structuring
- hedge fund management
- private equity
Career after MBA finance in India is available both in public and private sectors in investment banking, hedge fund management, insurance management, taxation, etc. With the successful completion of this course, one also gets equipped to run their own business and manage its financing and reporting requirements with ease.
Job roles that you can look out for with an MBA in Finance degree are:
- Investment Banker
- Corporate Controller
- Chief Financial Officer
- Manager Consultant
- Accounting Manager
- Treasurer and Finance Officer
- Financial Advisor
- Budget Analyst
- Commodities, Securities, and Financial Services Sales agent
Companies that hire MBA Finance graduates
There is no shortage of companies looking for MBA in Finance graduates from a good B School. As all organisations need proficient managers to handle their finances and accounts. The recruiters include all big brands and companies, investment banking companies, hedge fund shops, venture capitalists, private equity organisations and other multinationals. Ample jobs in the public sector are also available for MBA in Finance graduates with the RBI and other public sector organisations like BHEL, Indian Oil etc.
As stated above, career after MBA finance in india is very lucrative. It opens doors to a lot of job opportunities in various job profiles. The growing economy and financial sector are proof that career prospects after MBA in Finance are immense, both in the public and private sectors.
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Is an MBA in finance a good option?
With the growth in the Financial sector, it is a good opportunity for students of MBA in finance to build their careers in the various job openings coming up.
What does an MBA in Finance do?
An MBA in Finance can work in job profiles that require management of areas like taxation, asset finance, tax planning, hedge fund, insurance, financial statements etc.
Who should go for an MBA in Finance?
MBA in Finance should be pursued by someone who is interested in subjects like money management and corporate finance. The work of a finance manager will require you to solve complex problems with calculations involving huge figures so concepts of accountancy and maths are also core to it.
Can I do an MBA online?
Yes, if you choose a college that offer distance MBA courses that can be pursued online.