What is MBA in Finance?

MBA, i.e. Master in Business Administration is a management degree for graduate students, and one of the sought after courses for the students. This particular degree has a lot to offer to a student.

It is a professional degree course, pursuing a degree in MBA is all about acquiring interpersonal skills and building overall personality.

Now, let us understand why one should opt for MBA in finance?

Finance is one of the favourite streams to choose from other popular courses in the MBA, it is a widely popular course among working professionals. MBA in finance involves planning, investments, taxations economics, costing etc.

Students with excellent analytics skills and logical skills with pleasant personality make a candidate a good fit for finance.

Some of the points to remember if you are opting for this specialisation.

  1. If you think you are good with numbers and good with analysis, you can opt for this field.
  2. It is one of the demanding fields in the industry and candidates having an MBA in finance degree is always needed in every sector.
  3. Finance assistance is always needed in the corporate sector, as a person understand every detail related to profile and loss of the company and how to deal with the company’s fund.
  4. Candidates with finance degree can deliver financial stability to a company with the necessary business acumen and knowledge. You can help out the company into getting financial stability.
  5. After doing MBA finance, you can get a lucrative offer, and it is one of the specialisations that offers the highest paying jobs.

Let us understand the career opportunities after doing finance in MBA and MBA in finance scope;

Career opportunities after MBA finance

There are a lot of career opportunities after doing MBA finance as stated above now let’s understand each career opportunities;

Chief Finance officer; Person who is responsible for handling financial assets, managing financial risks, reporting etc. Budget management, forecasting of budget, new funding are all seen by CFO.

So, in short, they act as an advisor and strategist and directly help the CEO of the company.

CEO salary

 Average Salary of CFO

Account Manager and Finance Manager; Person responsible for managing the financing of the company as an account manager. They govern the client relationship and deals with customers. 

Serving as an interface between the sales team and customer is what the original work of Account manager.

Finance manager, on the other hand, is responsible for the financial health of the company. Creating financial reports, developing strategies and developing long term economic plan for the company.

MBA finance salary

 Average Salary for Account Manager

Equity Research Analyst; Person working in the securities industry and have a thorough knowledge of both buy and sell side of the securities. They prepare reports and recommendation concerning companies and stock. They monitor the market data and keep track of every new update that is happening in the industry.

MBA finance equity research analyst salary

 Average Salary for Equity Research Analyst

Research Analyst; Person who is responsible for researching, analysing, interpreting and presenting data which are related to markets, operations, finance/accounting, economics, customers etc. They are good at analysing, quantifying, logically taking actions.

 research analyst salary

 Average Salary for Research Analyst

Credit Analyst; Credit analyst is the ones who assess the credit of any person and the company.

credit analyst salary

 Average Salary for Credit Analyst

Accounting Manager; Person responsible for developing accounting strategy and managing it. They check the financial position of the company.

accounting manager salary

 Average Salary for Accounting Manager

These were some of the scopes of MBA finance and also one can see the MBA in finance salary by career.

Course Highlight of MBA in finance

Duration of the program2years
Total number of colleges offering management degree3900
EligibilityCandidates need a bachelor’s degree in any discipline along with entrance exam score if needed.
Admission CriteriaEntrance Test along with Group discussion and personal interview
Entrance Exam in India for MBACAT. MAT, XAT, CMAT, GMAT, SNAP, NMAT etc.
Average fees of the programRanging from 5 lakh – 3 lakh
Average placements5LPA
Major RecruitersKPMG, HDFC, HSBC, Ernst & Young.

Some of the best MBA colleges offering Finance are  :

Public Institute:

Indian Institute of Management Ahmedabad (IIMA)

Exam accepted – CAT Score, GD, PI, WAT along with work experience

Indian Institute of Management Bangalore (IIMB)

Exam Accepted – CAT Score, GD, PI, WAT along with work experience

Indian Institute of Management Lucknow (IIML)

Exam Accepted – CAT Score, GD, PI, WAT along with work experience

Indian Institute of Management (IIMC)

Exam Accepted – CAT Score, GD, PI, WAT along with work experience

Faculty of Management Studies (FMS)

Exam Accepted – CAT Score, GD, PI, WAT along with work experience

Private Institute:

Xavier Labour Research Institute Jamshedpur (XLRI)

Exam Accepted – XAT Score, GD, PI, WAT along with work experience     

SP Jain Institute of management and research (SPJIMR)

Exam Accepted – CAT/MAT/GMAT Score, GD, PI, WAT

Management Development Institute (MDI)

Exam Accepted – CAT Score, GD, PI, WAT along with work experience

Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)

Exam Accepted – CAT Score, GD, PI, WAT

Narsee Monjee Institute of Management Studies, Mumbai (NMIMS Mumbai)

Exam Accepted – NMAT Score, GD, PI

Symbiosis Institute of Business Management, Pune (SIBM Pune)

Exam Accepted – SNAP Score, GD-, PI, WAT ICFAI Business School, Hyderabad

However, it is up to the student who has a keen interest in the above field can opt for Finance in MBA.

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