MBA Finance Management

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 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:

• Diverse Range of Jobs: Every industry in the market requires professionals who have knowledge of cash flow, investment details and etc. There is no entity that does not employ financial experts. Therefore, finance is a domain that provides ample job opportunities in various sectors of the market.
• Higher Salary: MBA in Finance graduates earn more salary as compared to most other MBA specializations. The pay increases as one attain the necessary skills and experience.
• In-depth Knowledge: Aspirants get general as well as advanced knowledge of finance. The course curriculum involves management simulations, projects, and internships that help students to grow holistically. They get opportunities to network well through teamwork, public interaction, and collaborative association. 

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:

Full-time MBA in Finance Management 

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. 

Part-time MBA in Finance Management

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

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 

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. 

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:

Direct Admission

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. 

Entrance-Based Admission 

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: 

• There are many entrance exams conducted for admission to MBA in Finance Management such as CAT, XAT, and CMAT. 
• Selected candidates will be called for the personal interview and group discussion round
• Those who clear all the rounds successfully may submit the annual fee in order to confirm their admission.

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:

• Candidates must have cleared a bachelor’s degree in a relevant field. 
• The minimum percentage required for admission will vary from college to college. Mostly 50 to 60% marks or an equivalent GPA is required.
• Reserved category candidates are given 5% relaxation.
• Students from the final year can also apply for the course provided they have a no-objection certificate from their college.
• Some institutes recommend students have at least two years of working experience.

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:

• Account Manager
• Business Analyst
• Finance Officer
• Finance Manager
• Research Analyst
• Equity Research Analyst
• Accounts Officer
• Finance Executive
• Assistant Manager

MBA Finance Salary

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.