Master of Business Administration in Finance Management or MBA in Finance Management is a two-year postgraduate programme that is concerned with the management of accounts and finances of companies for them to achieve specific financial objectives. The programme prepares students with in-depth knowledge of pricing, asset management, risk management, financial planning etc. Students with a BBA or any other bachelor’s degree can pursue this course. Also, candidates who have done a master's degree in any other field of study can consider an MBA in Finance Management to accelerate their careers.
Finance Management is the right career choice for students with good financial knowledge and the ability to analyse and those with a deep-rooted understanding of financial models and the stock market. With its growing popularity, it can now be pursued full-time, part-time, executive and online modes.
MBA Finance covers a wide variety of subjects like financial management, financial planning, cost of capital etc. During the programme, candidates learn how to apply theoretical knowledge to the real financial and trading world. To get admission to this course, one has to appear for entrance examinations like CAT, MAT, XAT, SNAP, NMAT, GMAT etc. The top colleges for MBA Finance Management are Xavier Institute of Social Services, MIT School of Business, Xavier School of Management, IIM Kozhikode and Indian Institute of Foreign Trade, New Delhi.
The course fee mostly ranges between INR 8 lakhs and INR 18 lakhs. Some of the popular job roles which students can get recruited to after an MBA Finance Management are Financial Analyst, Risk Manager, Management Consultant, Insurance Manager and Equity Analyst. The salary for freshers ranges between INR 6 lakhs and 12 lakhs, which typically increases with experience and skills.
Check all the important details about the MBA in Finance Management from the table given below:
MBA in Finance Management
Master of Business Administration in Finance Management
Minimum Qualification Requirement
50% marks in Bachelor’s Degree
Entrance Exam + Scores in Bachelor’s degree
INR 8 to INR 18 lakhs
Average Initial Salary
INR 6 to 12 lakhs per annum
Merrill Lynch, Bain & Co, Boston Consulting Group, Goldman Sachs, JP Morgan, Barclays, Deutsche Bank, Morgan Stanley, Lehman Brothers, McKinsey, etc.
MBA in Finance Management concentrates more on finance and its management and the course will help students build high knowledge of finance including areas like fintech, economics, and investment. It also allows you to take on new challenges and successfully overcome them. Here are some of the top reasons to pursue an MBA in Finance Management:
Entrepreneurial Insight: The course provides knowledge of how to use financial funds optimally and manage them constructively. Therefore, those who wish to start a new business will never face hurdles in gathering finances if they complete MBA in Finance Management.
An MBA in Finance Management helps students build a career in accounting, banking, corporate institutions and other sectors related to finance. To ease the availability of courses for students, universities offer them in various modes. Given below are the popular MBA in Finance Management types:
The full-time MBA is a two-year program with a special focus on finance management. The course is suitable for students who wish to develop competencies in technology, application, and customer service. Classes are held during the weekdays during day time for such courses.
If working professionals think of achieving new heights in their careers, then they should consider pursuing a part-time MBA in Finance Management. For this, they do not have to compromise with their work life and attend classes in the evenings or at weekends. The course duration can be extended to three years under this mode.
Executive MBA in Finance Management is a program that spans 24 months. Unlike traditional MBA which is suitable for all types of students, executive MBA is solely designed for professionals who have few years of work experience and want to progress to managerial roles.
Distance MBA in Finance Management takes two to three years to complete and the curriculum is divided in a manner to provide information about the finance sector while enhancing management skills. Admission to this course is generally based on merit.
Students seeking admission for MBA Finance Management must sit for entrance exams which can be at the national, state or university levels. Students must take enough time to prepare for these exams as the cut-off scores are high in top MBA colleges and without a high percentile it is difficult to get admittance. The following are the common MBA Finance Management entrance exams in India:
Candidates who wish to take admission into MBA in Finance Management must first meet the eligibility criteria of a particular university. There are two ways to get admission: direct admission or an entrance-based examination. The gist of the two ways is given below:
In case of direct admission, students have to submit their application forms to the respective universities. A merit list is then prepared on the basis of scores received in a Bachelor’s degree and also evaluating the candidate's profile. Students may be called for an interview or a direct counseling session is held. Those who are selected are invited to pay the admissions and other related fees, post which they are admitted to the business school.
Candidates will be selected on the basis of their scores in the bachelor’s degree as well as an entrance exam. The detailed process of entrance-based admission is given below:
Almost all universities have similar entry requirements for MBA in Financial Management. Here are the common eligibility criteria in terms of percentage, age, and other requirements:
Students who are interested to study MBA Finance Management have a wide variety of options to choose from. They must, however, do thorough research on the course curriculum and teaching facilities provided by the universities and the placement opportunities after completion of the MBA. Here are some of the top MBA Finance Management colleges in India:
MBA Finance Management Colleges
SP Jain Institute of Management and Research
Department of Management Studies, IIT Delhi
XLRI Xavier School of Management
Symbiosis Institute of Business Management
Shanti Business School
Jaipuria Institute of Management
MBA Finance Management abroad examines the role of finance in supporting the functional areas of a firm and fosters an understanding of how financial decisions themselves create value. It also focuses on evaluating complex investments, executing financial policies and integrating many financial decisions faced by firms. Students get the opportunity to work with field leaders and participate in real-world learning programmes. Here are the top colleges for MBA Finance Management abroad:
MBA Finance Management Abroad
University of Michigan
Stanford Graduate School of Business
Harvard Business School
MIT Sloan School of Management
University of California, Berkeley Haas
Rotman School of Management
Smith School of Business
University of Alberta
University of Manchester
Imperial College Business School
Durham Business School
Esade Business School
MBA in Finance Management helps students to acquire skills that help them make strategic plans to improve the finances of a firm. The course fee is an important factor that influences the admission decisions of students. The type of institute, infrastructure, faculty, curriculum, placement scope, etc., decide the course fee of an institute. The following list summarises the MBA Finance Management course fee at top business colleges in India:
|MBA Finance Management Colleges||Average Annual Fees (in INR)|
|SP Jain Institute of Management and Research||8.5 lakhs|
|Department of Management Studies, IIT Delhi||5.2 lakhs|
|IIM Calcutta||11.75 lakhs|
|Woxsen University||6.1 lakhs|
|IIM Kozhikode||10.25 lakhs|
|XLRI Xavier School of Management||11.75 lakhs|
|Symbiosis Institute of Business Management||11.1 lakhs|
|Shanti Business School||3.85 lakhs|
|IIM Raipur||7.10 lakhs|
|Jaipuria Institute of Management||5.5 lakhs|
After completing MBA in Finance, candidates have the option to pursue lucrative career options both in private and public sectors such as financial firms and consultancies, banks, the stock market, trading, account management and others. Listed below are suitable job roles for candidates with MBA Finance degree:
The entry-level salary of finance management postgraduate is between Rs. 5 lakh to Rs. 15 lakh. Financial managers are responsible for multiple job roles. They are in-charge of all monetary reports of the companies along with creative systems and handling of budgets, to coordinate venture exercises etc.
Yes, knowledge of maths is compulsory for MBA in Finance Management. The course curriculum includes topics that require a basic understanding of accounting principles that involve numerical. Therefore, having a good grasp of mathematics will simplify the understanding of an MBA in Finance Management.
The selection process for MBA in Finance Management includes appearing for an entrance-based management aptitude test. On clearing the cut-off, students will be called for personal interviews and group discussions which will help the admission panel understand the abilities of the candidates. Then the final merit list will be prepared.
No, there is no lower or upper age limit for MBA in Finance Management. However, as this is a master's level course, students above the age of 20 generally take up the course. There is no maximum age limit for MBA and can be done even in the 40s.
MBA in Finance Management students are extremely revered by several corporate and finance firms. Infosys Ltd, Mahindra and Mahindra, Kotak, Tata Consultancy Services, Citi Bank, EY and JP Morgan Chase and Co. are some of the renowned companies that recruit graduates from this specialisation.
No, you cannot apply for MBA in Finance Management after 12th as it is a postgraduate degree and can be only pursued upon completing a bachelor's degree in any stream. There is no also definite subject requirement for pursuing MBA in Finance Management.
The MBA Finance Management course curriculum helps students understand the conceptual framework of Management and Organisation Behaviour. They will be able to apply economic analysis to developing management policies. The course curriculum is designed to enable students to understand the fundamentals of financial management with a focus on the application of relevant tools and techniques of financial decision-making to maximise wealth creation. Here is a brief overview of the MBA Finance Management course curriculum:
The MBA in Finance Management syllabus develops an aptitude for analytical thinking and managerial decision making, devising strategies for improved financial performance and understand the risks and profitability related to business. It gives in-depth training to drive revenue and reduce costs. The MBA in Finance Management semester-wise syllabus is given below:
Management Concept & Organisation Behavior
Accounting for Managerial Decisions
Economic Analysis for Decision Making
Investment Analysis & Equity Research
Financial Accounting & Reporting
Risk & Insurance Management
Quantitative Techniques for Management
Mutual Fund Portfolio Management
Business Regulatory Framework
Entrepreneurship & Project Management
Business and Financial Environment
Research Methodology & Report Writing
Financial Markets and Institutions
ICT, Soft Skills & Business Communication
Corporate Governance and Business Ethics
Merchant Banking & Financial Services
Commodity Market and Futures
Financial Derivatives & Risk Management
Marketing of Finacial Services
International Financial Management
Accounting Standard and I.F.R.S.
Tax Planning & Management
International Accounting and Corporate Reporting
Macroeconomics and Policy
Corporate Restructuring & Financial Reengineering
Human Resources Management
To pursue a career after MBA Finance Management, professionals require knowledge of the subject and other soft skills. The technical skills required are financial management, artificial intelligence, risk analysis, and data visualization in finance. Soft skills or people’s skills include communication skills, work ethic, emotional intelligence, positive attitude, and other personal attributes crucial for success in business or a career. These skills combined lead to personal fulfilment and career aggrandisement. Here are some of the skills required to build a successful career in MBA Finance Management:
Salary is an important driving factor that encourages students to complete an MBA degree. The salary earned after MBA Finance Management is between INR 5 to 10 lakhs. The remuneration for professionals with higher job experience is above INR 10 lakhs. The table below will give an estimation of the average salary for various MBA Finance Management job roles:
|Job Role||Average Annual Salary (in INR)|
|Asset Manager||5.2 lakhs|
|Credit Risk Manager||9.2 lakhs|
|Corporate Finance Manager||15.3 lakhs|
|Financial Analyst||4.0 lakhs|
|Corporate Banker||10.5 lakhs|
|Hedge Fund Manager||12 lakhs|
|Private Equity Manager||4.5 lakhs|