MBA in Finance is among the most sought after specialization in field of Management. MBA (Finance) is a two year post graduate course, the eligibility for which is a bachelor’s degree in any discipline with aggregate of 50% marks or equivalent CGPA (Relaxation of 5% is granted to SC/ST Candidates). Candidates can get direct admission on the basis of merit list or management quota.
Top Institutes offering MBA in Finance are: Faculty of Management Studies (FMS) DU, ICFAI Business School, Hyderabad, Symbiosis Institute of Management Studies, Pune, Department of Management (BITS) Pilani, Christ University, Bangalore
The course is best suited for those who wish to work in the financial sector such as insurance and mutual funds among others. MBA in Finance syllabus is formulated in such a way that, besides providing the knowledge of operational aspects of finance, also builds and enhances the candidate’s managerial and technical skills.
Starting from the principles and practices of management to managerial economics and management of a bank, MBA in Finance is all-inclusive and well-rounded as far as the managerial and technical aspects in the financial sector are concerned.The average fee charged by institute ranges between INR 4 to 20 Lacs.
Candidates entering the industry after completing MBA in finance degree can earn about 5 lacs per annum as the starting salary. The salary can increase according to the experience and expertise of candidate in the particular field.
Following are some highlights of a general MBA in Finance course in India-
|Program Duration||2 years (4 or 6 semesters)|
|Number of Management Institutes in India||3900 approx.|
|Associated Key Skills||Capital Management, Asset Development, Fund Management, Risk Management among others.|
|Eligibility||A Bachelor’s Degree in any Discipline. Different Institute might have some additional eligibility criteria.|
|Admission Process||Entrance Test + Group Discussion / Personal Interview|
|Top Entrance Exams||CAT, XAT, NMAT, CMAT, SNAP, MAT etc. Management Entrance Exams in India|
|Program Fee||Varies from INR 4 to 20 Lacs|
|Average Starting Salary after the Program||INR 5 Lacs|
|Top Recruiting Companies||Ernst & Young, Genpact, ICICI, HDFC, HSBC|
The Management of Finance is a crucial aspect of any business and requires able and expertly trained professionals to determine the why and how aspect of funding and investment. Since no organization can function without professionals to make such calls, MBA in Finance will always remain an in-demand course.
Some of the basic skills an MBA in Finance helps in building are:
An MBA in Finance prepares an individual to for management level jobs in Banking and Finance Sector. Courses in MBA in Finance focus more on the managerial aspects of asset management. MBA in Finance is ideal for students who wish to secure managerial and leading positions in an organization.
Students who wish to pursue further studies in Business Administration, Fellow Programme in Management or FPM is a lucrative option. FPM is a doctoral program offered by top management institutes. Students who opt for full-time Residential Fellow Program are awarded monthly grants which range from 30,000 INR to 100,000 INR per month. FPM Programs are available at institutes like IIMs, XLRI, ISB, MDI etc.
MBA in finance is the most popular stream in Management studies these days. Course structure and curriculum is something that plays a vital role for making it the most popular among MBA aspirants. Course duration for MBA is two years in all B schools. However these two years are divided either in semesters or in trimesters. Each year consists of two semesters or three trimesters.
Students generally learn core subjects in the first year in all MBA courses. But at the end of the first year, the choice of specialization becomes clear. In the second year, the students take elective or optional courses to specialize in a maximum of two functional areas. So for the first year all the MBA courses have the same curriculum.