MBA in Finance

Find out all about the MBA in finance: get an idea about the skills and career that you may enjoy, also know more about its benefits if it really leads you the right track towards your goal in finance..

What is an MBA in Finance?

Many students and working professionals consider an MBA in Finance as an ideal career option that opens doors to entering finance, investment, banking, or financial consulting. The course revolves around the theoretical and practical knowledge undertaken by students to manage the financial activities of companies or organizations and involve budget management, investments, and financial planning.

It is a specialised course, which is a part of an MBA degree but is specialised in finance. It normally differs from an MBA since it focuses more on deep diving into specific areas of financial planning, risk management, investment analysis and portfolio management, and corporate finance.

MBA in Finance is the course complete in normally two years, though there are courses which may take a student a year.  In finance, Core syllabus comprises general MBA courses, supplemented with specific courses focused on finance. These all lead to students understanding their way through general business management, in addition to an expertise that can be placed within the area of finance.

Why Choose MBA Finance?

Most students prefer the MBA Finance option because:

• High Demand: High Demand of Finance Professionals Finance is considered an essential function in any organization. Organizations need qualified finance professionals to take care of the funds and make all investments wisely and to promote growth in business. Such a qualification of an MBA degree in Finance prepares the way to enter such roles.
• Attractive Salaries: Finance careers have a very high earning potential. Several salary surveys report that finance professionals with an MBA are much better paid than those who have just a bachelor's degree.
• Opportunities in Various Industries: Finance skills are in demand almost everywhere, from banking and insurance to technology and healthcare. This breadth makes an MBA in Finance a passport to a wide variety of sectors.
• Skill Development: An MBA in Finance equips you with an array of skills, including analytical and problem-solving capabilities, leadership, and decision-making abilities, which serve well in many careers

Syllabus 

Syllabus for the course MBA in finance is given below according to semesters:

Opportunities

An MBA in finance has a wide career opportunities across different fields. Here is an overview of the career options, industries, and the skills required by those pursuing this course:

1. Investment Banking

• Role: Investment bankers work with corporations and governments on raising capital through underwriting or issuing securities. Advisory services for mergers and acquisitions are also offered to the clients.
• Skills needed:

      Strong analytical skills

      Good communication skills

      Knowledge of financial modelling and valuation

2. Financial Analyst

• Role: Financial analysts analyze financial information to help organizations make proper decisions. They study market trends, prepare reports, and forecast future financial events.
• Skill needed:

      Knowledge of Excel and other financial applications

      Good analytical thinking

      Pay attention to details

3. Risk Management

• Role: It defines the role of the risk manager who identifies risks affecting the financial stability of the organization. It analyses, and finds ways for such risks.
• Skill Needed:

       Good problem-solving skills

       Risk assessment tools awareness

       Pressure handling

4. Portfolio Management

• Role: Portfolio managers manage an investment portfolio on behalf of a client and make determinations on how to direct the assets as well as the investment to achieve monetary goals.
• Skills Needed:

      Market trend analysis

      Strategic decision making

      Sophisticated maths skills

5. Corporate Finance Manager

• Role: Corporate finance managers handle the finances of a company, including budgeting, financial projections, and investment.
• Skills:

     Strategic thinking

     Financial analysis skills

     Leadership skills

6. Credit Analyst

• Role: Credit analysts examine the creditworthiness of loan applicants, be it an individual or business, and analyze financial information.
• Skills:

      Analytical skill

      High attention to details

      Knowledge of financial statements

7. Financial consultant   

• Role: Financial consultants advise clients on investments, estate planning, retirement savings, and other financial concerns.
• Skills:

     Interpersonal skills

     Knowledge of financial products

     Analytical thinking

Course Fees 

Total Tuition Fee
The cost of tuition for an MBA in Finance can be depend on institution, country etc. basic idea is given below:

• India: The total cost of the course for an MBA at colleges in India ranges from INR 1.4 lakh to INR 23.9 lakh. Most of the variation occurs based on the reputation of the college and its placement records.
• International Programs: Studying abroad will be much more expensive. A big university can charge INR 80 lakh per annum. Some expensive courses charge even more money for one program. 

Some of the examples are:  Wharton School, USA - INR 2,30,00,000 for two-year programmes London Business School, UK: 1,30,00,000.

Salaries for MBA in Finance Graduates

MBA Finance graduates can expect various salary packages.

Average Starting Salary. Average Starting Salary for the MBA Finance graduates ranges from INR 6.5 Lakhs to 18 Lakh per Annum.

Top Institutes Graduate from IIM draws the highest package salary, for instance. A Postgraduate candidate of IIM during campus placement was being offered an average of between 16 lakh to INR 25 lakh every year.

Skills Developed

MBA in Finance helps the students gain some skills which are fundamental to their success in the financial world:

• Analytical Skills: The ability to analyze data is useful in making informed decisions.
• Quantitative Skills: They are adept at mathematics and statistics that are used in financial modelling.
• Strategic Thinking: Students learn to bring financial strategies into business objectives.
• Communication Skills: The presentation and negotiation skills needed for interaction with clients are also important.

Admission Process to MBA in Finance

• Shortlist Colleges

Gather the list of colleges/Institutes that conduct an MBA in Finance.

Understand the syllabus offered by that institute, the professors who teach, the placement records, and the fee structure.

• Eligibility Criteria

The student needs to have passed a bachelor's degree program from any recognized college.

And must have scored at least aggregate 50%(45% for the reserved category).

• Prepare for Entrance Exams

Get registered for entrance exams like,

• CAT- Common Admission Test,
• XAT- Xavier Aptitude Test
• MAT: Management Aptitude Test
• CMAT: Common Management Admission Test
• NMAT: NMIMS Management Aptitude Test
• SNAP: Symbiosis National Aptitude Test

• Entrance Exam

Appeared for the entrance exams which you have applied for on scheduled dates.

Be above cut-offs required by your favourite colleges

• Application Form

Application Form of each selected college; usually available at college's website

• Document attached will be:

1. Entrance test scores
2. Marks sheets / academic transcripts 
3. Experience letter, if a fresher is not and working  
4. Shortlisting for GD/PI/WAT

• All shortlisted applicants are further summoned for:

1. Personal Interviews (PI)
2. Written Ability Tests (WAT)
3. Final Selection and Merit List

College's final selections would take place based on all-rounded performances. Some of these for the same will consist of the following

1. Exam entrance scores
2. Performance through GD/PI/WAT
3. Academic background scores
4. Guidance and Enrollment

The shortlisted students should receive admission offers with fee payments to be confirmed. There are further enrollment processes.

Conclusion

Therefore, an MBA in finance should be the first and great big step to a highly professional career in finance. MBA in finance is more challenging than others because of broad knowledge in finance from areas such as financial analysis right up to corporate finance. The rewards are definitely proportional to the efforts given as it calls for high investment in terms of effort input and learning. For those who like handling numbers and solving financial problems and strategic business decisions, an MBA in Finance opens the best career doors for a great future.