MBA Finance

MBA in Finance or Financial Management is a full time course of two years that is done after the completion of a graduation program. Students who completed their graduation degree in any stream can choose MBA in Finance as their higher study option but they should definitely have their interest in the subjects related to accounting, management, taxation and other related topics.

Before we understand MBA in Finance, we must understand what Finance is.

Finance is the life cell of all businesses. No business can be established or continued without finance and without proper financial management.

In simple terms, Finance is the capital assets, money used to start or run any sort of business - small or big.

Now let's understand what an MBA in Finance or Financial Management is. MBA in Finance is a two year course where a student is taught about how to manage the money (utilisation, acquisition, allocation, balancing, and investment) with the objective of attaining a goal or target in a business world. In other words, we can say that it is about the efficient use of financial resources to run a business with profit by making the right financial decisions. MBA in Finance teaches one to balance between risk and profitability.

• Strong mathematical background
• Interpersonal skills
• Logical reasoning skills
• Business intelligence and understanding
• Time management
• Financial reporting
• Commercial Awareness
• Accounts management

• Financial sector is everywhere
• High in demand
• Easy to find jobs
• Lucrative salary package
• Good for startups
• Job security
• Government and Private options available
• Versatile field

MBA Full-time is a regular course completed in 2 years. It is a generalised course where students have to attend offline classes properly along with the submission of assignments, projects etc.

MBA Part time / Executive is for working professionals who wish to continue their job and study simultaneously.

MBA Online is basically for those students who cannot attend the colleges of their own choice physically due to location constraint or financial constraints. They can pursue the MBA course online by connecting through online platforms like Google Meet, Microsoft Teams etc.

Admission Process

The top colleges for admissions in management programs are IIMs. There are a total of 20 IIMs in India out of which IIM A, B and C (Ahmedabad, Bangalore and Calcutta) are the top ranked IIMs. IIMs are government owned institutions and take admission through CAT Exam.

Apart from IIMs, there are several other government and private institutions that are famous for their MBA & PGDM programs.

Majority of the colleges take admission through the entrance test conducted by different bodies. Few of them are as following:

• CAT (Common Admission Test)
• MAT (Management Aptitude test)
• XAT (Xavier Aptitude Test)
• SNAP (Symbiosis National Aptitude Test)
• NMAT Exam (NMIMS Management Aptitude Test)
• IBSAT ( ICFAI Business Studies Aptitude Test)
• ATMA (AIMS Test for Management Admissions)
• MHT-CET (Maharashtra Common Entrance Test) and many more.

Some colleges conduct their entrance exam at their own level. Students are advised to check the college admission process while applying for the same.

Steps to get admission in MBA or PGDM Colleges:

• Register for the CAT or other Entrance Exam by checking your eligibility.
• Qualify with the best score as much as you can.
• Compare the colleges for which you get a call letter for GD & Interview.
• Do your best in the Interview / Personality Test.
• Take admission.

The syllabus for MBA in Financial Management or PGDM in Financial Management is somewhat similar.

Some of the core contents are:

The top ranked institutions based on the NIRF Ranking are as follows:

* Approximate fee

Other top MBA Finance colleges in India are:

* Approximate fee

Once you complete your MBA in Finance, there are numerous job options available in the private and public sector. There are multiple job options available in Banking sector, corporate sector, educational institutions, PSUs etc.

To apply for government jobs in the financial sector, one has to check the vacancies and apply for the application form. Usually, the process to get a government job is to appear for the examination and qualify for an interview.  For private jobs, colleges allow companies to recruit qualified students from their institutions.

Sectors where MBA Finance students gets recruited:

• Financial Institutions
• Financial Consultants
• Banking and Insurance
• Information Technology (IT)
• BPO / KPO
• Market Advisory
• Investment and Private Equity services
• Travel and Logistics

Salary has never been the constraint for a finance graduate. A well qualified expert in the field of finance is always paid the best in the industry. The average salary range starts from 5 LPA. However, the college from where the student has completed his MBA makes a major impression and becomes the primary factor of salary offered. The reputation of college and the location makes a great impact on companies.

Average salary in IIMs - Rs. 25 - 30 LPA

Highest salary offered in Symbiosis, Pune- Rs. 45 LPA