What is MBA in Finance?
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| what is MBA in finance? |
Mba finance is the most demanded and popular specialization among all others in the MBA field of specialization. There are mainly 4 specialization in MBA marketing, Finance, Human Resource, and Consulting. Anyone who has good interest in accounting and want to deal in money after post-graduation and thinking of a career that deals in money then this is a good specialization to go for.
If you are strong in maths, economics, accounting and financial theory then this field is made for you as an MBA in finance it covers all these topics in a very detailed manner. what you will learn in the classroom is more practical in nature and you can apply these in real life by doing a summer internship in your business school which will allow you to expand more of your knowledge. If I talk about 2020 then this specialization is the most trending and attractive among the students.
You think finance is all related to banking and stocks but it's not like that as you will be covering all the topics which we will talk about in detail various subjects which you will study in 2 years of specialization. You will study financial management that takes place in a real corporate world.
All the activities which you will be doing there are known as financial activities which are controlled by the financial manager. why this is demand in today's time is because many and many industries are established around the world and all these industries need finance to establish so that they can establish in a proper way in according to the management of the building, money resources and its proper collection.
After getting a finance degree from a well established and reputed business school you will be hired as a financial consultant or manager, of a company where you will be responsible for the day to day financial activities of the firm such as managing there finance resources, balance sheet and maintaining there cash flow ratio and credit risk management and much more which we will talk about later in this.
What is the scope?
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| Scope |
MBA in Finance has a tremendous scope for you to grow anywhere in the world if you are passed out from the top business school of your country. Generally, if I talk about the career opportunity in the field of finance then you will land up in the jobs of the financial manager, credit risk management, treasury, hedge fund management, CFO(Cheif Financial officer), Private equity, investment banking, financial advisor, cash manager, risk manager.
There are many top firms which are ready to hire you for all these posts if you have good capabilities of a financial manager and you know not only theoretical aspects but also how to implement all these which have learnt from your business school in the real corporate world.
If you are doing your finance specialization from a top business school then it is worth the money or that you have spent on your fee of the college because there are high chances that you will be defiantly get placed there with a handsome amount of salary package in comparison to the average B school which in my way is not worth the money you will spend as it will not guarantee you a stable placement.
By doing this specialization you will find jobs in private as well as public sector also as finance is the main and integral part of every organisation as without finance no company can ever setup or will fail drastically without the efficient use of finance.
You can join as a finance manager in various company and after doing this specialization you can go for further research in this field and you can opt for many other jobs which are related to finance.
ALSO READ -
ALSO READ -
- What is MBA Marketing- Read all about this - Here ( Bonus tip at end)
What are the subjects in MBA in Finance?
It is a 2-year programme and in these 2 years you will study different types of subjects related to finance and at the end of 1 year, you will be going for a summer internship in a company which is most important as if you do well there then you can get a pre-placement offer also.
Subjects are related to budgeting, finance, cost, investment, working capital management etc
if I talk about what you will study in the 1 year of this degree then the core subjects in the classroom session will include the following subjects -
- Organisational behaviour
- Financial Accounting
- Marketing Research
- Management of information system
- Management accounting
- Quantitative Methods Managerial Economics
- Marketing Management
- Human Resource Management
- Business Communication
- IT Management Organisation
- Management Science
- Production and Operations Management
- Effectiveness and Change
- Management Science
- Economic Environment of business financial management
These are the subjects that you will study in the 1 year of your finance degree and after this, you will go for a summer internships in the top business firm and which I have already told is the most important part of your whole 2-year post-graduation programme. And it will also include an industrial visit in the respected field where you will see what you have studied in the classroom and how can you apply in the real world.
Then in last year of this degree, you will study these subjects which will include various projects and seminars. The elective courses are following -
- Financial Reporting
- Corporate Governance
- Fixed Income Securities
- Risk Management
- Financial Derivatives
- Project Planning
- Corporate Taxation
- Management Control System
- Portfolio Management
- Quantitative Analysis of Financial Decisions
- Investment Management
- International Financial Management
- Management of Financial Services
So these are the Only Subjects that you will study in your entire programme of this specialization
MBA Finance Salary - How much I will Get?
MBA Finance is one of the most highly paid sectors in any country you go for a job. it is a very good paying job but the salary which you will get will depend upon various factors such as -
- Size and location of your Company
- Your skills
- Post of employment
- The college in which you are
- Corporate knowledge and Real-life mindset
If you are in the topmost business school which have an excellent placement record or famous for finance and a very good corporate relationship then there are high chances that you will get a decent amount of package.
But if you are in college that has not a good placement record or not famous in the finance sector and not even in the top 20 or 30 list of the business school in your country then it will be difficult and you will struggle for a good amount of package.
It is not also like that if you are in a top college that guarantees a 100% placement record as it depends only up to your skills and knowledge, the more you have real-life skill and a practical mindset approach the more is the chances that you will get a good handsome package in the average college also.
Salary varies at every business school but if I tell you minimum and maximum that you can get is around minimum 10-12 lakh to maximum 20- 22 lakhs if you are going to a decent business school which I will tell you later In the article.
Career and jobs in Finance
- Asset Management
- Corporate Banking
- Corporate Finance
- Credit Risk Management
- Hedge Fund Management
- Treasury
- Private Equity
- Derivative Structuring
- Cash manager
- Risk manager
- CFO
TOP Recruiters
These are some top Recruiters in the MBA finance specialization -
- Goldman Sachs
- Morgan Stanley
- Bain & Co.
- Merrill Lynch
- Lehman Brothers
- JP Morgan
- Barclays
- Deutsche Bank
- McKinsey
- EY, KPMG, PWC, Deloitte
- Boston Consulting Group
Top 10 MBA Finance College
1)- Name - Indian Institute of Management (Ahemdabad) (IIM A)
Location- Ahmedabad
Admission Criteria - CAT Score, PI, WAT (WORK EX) - Optional
Placement- 24-25 lakhs
2)- Name - Indian Institute of Management (Banglore) (IIM B)
Location- Banglore
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 24-25 lakhs
3)- Name - Indian Institute of Management (Calcutta) (IIM C)
Location- Calcutta
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 22-24lakhs
4)- Name - Indian Institute of Management (Lucknow) (IIM L)
Location- Lucknow
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 22-24 lakhs
5)- Name - Faculty of Management Studies (Delhi) (FMS)
Location- Delhi
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 22-24 lakhs
6)- Name -SP JAIN (Mumbai)
Location- Mumbai
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 18-20 lakhs
7)- Name -JBIMS (Mumbai)
Location- Mumbai
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 18-20 lakhs
8)- Name -MDI (Gurgaon)
Location- Gurgaon
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 19-20 lakhs
9)- Name -Symbiosis Institute Of Management Studies (Pune)
Location- Pune
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 14-16 lakhs
10)-Name -NMIMS (Mumbai)
Location- Mumbai
Admission- CAT Score, PI, WAT (WORK EX) - Optional
Placement- 14-16 lakhs
Types of Exam and Eligibility-
There are many colleges which take CAT as there test for admission but there are other exams also which take a different test such as - you can check them on google to find more about them.
AND THE ELEIGBLITY for this is that anyone from any stream can give these exams if the following conditions are satisfied -
- 50% in graduation degree
- you can give in your 3 year also
- if you have a gap year then also you can give
- 50% in graduation degree
- you can give in your 3 year also
- if you have a gap year then also you can give
Now by reading all this if you have now decided to go further with Finance in your future after you complete your Graduation Degree then let me tell you a BONUS tip on How can you improve your profile for this specialization so that your resume stand out from other students -
How to Improve Profile for MBA Finance-
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| certificate |
NCFM Certification - You can do any of NCFM or NISM Certification to add value to your CV, it is related to stock analysis and portfolio management, you can do anyone one your choice in this, it will take around 30-50 hours of your time according to your comfort and it will cost you around 1700 Indian rupees.
Coursera - It is one of the best site to do online courses which are free as well as paid also, here you can do -
- Financial Engineering and Risk Management - 30 hours
- Introduction to Corporate Finance - 9 hours
- Finance for Non- Financial Professionals - 6 hours
Udemy - This is one of the cheapest platform to gain knowledge at almost free of cost tp maximum 500-700 Indian rupees, you can do Excel Certification and Financial Modeling Course from here at very low cost or you can go for a free course and many other which are related to finance.
Internships Certificate - Don't forget to do at least 3 internships of 3 or 4 months in your college time related to the Finance field which is all above them, you can do internships from Internshala or frapp app which are the most famous apps for doing internships or you can go with your college cell.
And that's it you are ready to start your journey in the Finance field that's all you will have to do as per my knowledge SO best of luck for your career and if you have any query or any feedback please mention in the comment box below or any extra information you want to give you are always welcome and Subscribe to our blog for more information about MBA.
(MBA Karo - LEARN-RE-LEARN-SHARE )
(MORE POWER TO YOU)
(MBA Karo - LEARN-RE-LEARN-SHARE )
(MORE POWER TO YOU)
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