What is MBA Finance?
testabc MBA Finance or Masters of Business Administration in Finance is a 2 year course. It deals with different aspects of finance studies and its applications in the setting of business and management.
Anyone with a minimum of 50-60% aggregate or an equivalent CGPA in their Bachelor degree can pursue this course.
Admission to MBA Finance is offered to willing candidates after qualifying one of the MBA Entrance Exams. Shortlisted candidates are further invited for rounds like Group Discussions and Personal Interview before final selection in the course.
MBA Jobs in the field of Finance provide huge opportunities for graduates. MBA Finance has one of the highest returns in the field of MBA. MBA Finance Salary starts from INR 7.5 Lakhs per annum to INR 10 Lakh per annum.
MBA Finance Course Highlights
Some essential course details of the MBA Finance course are as below.
|Full Form||Master of Business Administration in Finance|
|Course Duration||2 years|
|Eligibility||Minimum 50-60% in Bachelors Level|
|Admission Process||Entrance Exams|
|Average Fees||INR 3-8 LPA|
|MBA Finance Subjects||Financial Accounting, Financial Management, Management Accounting, Financial Reporting, Financial Markets, etc|
|MBA Finance Jobs||Financial Consultant, Finance Manager, Business Analyst, Accounting Manager, Bank Manager, Corporate Controller, Relationship Manager, etc.|
|Average Salary||INR 4-10 LPA|
|Top Recruiters||HSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, etc.|
|MBA Finance Scope||MBA Abroad/Ph.D. in Management/ Professional Diploma Courses like CFA, PMP, CRMA, etc|
MBA Finance Syllabus is formulated in such a way, that besides providing the knowledge of operational aspects of finance, it also builds and enhances the candidate’s managerial and technical skills.
Apart from regular mode, MBA Finance distance learning is also offered by universities like IGNOU, IMT-CDL, Mkudde, etc. The course from a distance can be pursued within a range of INR 1 LPA and the maximum duration of course completion is 5 years.
Top MBA Finance Colleges in India
Tabulated below are some of the top MBA Finance colleges in India, as per the NIRF rankings, 2020.
|NIRF Rank, 2020||College||Admission Process||Average Fees (INR)||Average Placement (INR)|
|5||Indian Institute of Technology Kharagpur||Entrance-Based||3,14,000||16.29 LPA|
|6||Indian Institute of Management Kozhikode||Entrance-Based||8, 07, 000||20 LPA|
|7||Indian Institute of Management Indore||Entrance-Based||50,000||11 LPA|
|12||Indian Institute of Technology Roorkee||Entrance-Based||4, 17, 000||10 LPA|
|13||National Institute of Industrial Engineering||Entrance-Based||1, 04,000||12.40 LPA|
Source: Official websites
Do I Qualify MBA Finance Eligibility Criteria?
The eligibility for pursuing MBA Finance are:
- A bachelor’s degree in any discipline with an aggregate of 50% marks or an equivalent CGPA (a relaxation of 5% is granted to SC/ST candidates) from any recognized university/college/institute.
- Candidates appearing for final year examinations can also apply, but their admission will be subject to obtaining a minimum of 50% marks (45% for SC/ST) in their Bachelor degree.
What is MBA Finance Admission Process?
The admission process is conducted by considering the merit marks scored in the Bachelor degree and the percentile scores in one of the entrance exams like CAT or MAT, among others.
After qualifying the entrance exams, a Group Discussion and Personal Interview Round is conducted to further screen the students.
The MBA Finance Admission Process is:
Step 1: Apply for an entrance exam
Select colleges in which you want to apply and check which entrance exams they conduct. Apply for those entrance exams. It is advised to give CAT since almost all the colleges accept CAT scores.
Step 2: Appear for the entrance exam
Step 3: Shortlisting Process
Colleges shortlist students on the basis of scores obtained in the entrance exams. A cut off list is generated by the college and you should have cleared the cut off to be eligible for the next round included in the admission process.
Step 4: Final Admission Round
Colleges conduct these rounds to further test a candidate’s ability and skills:
- Group Discussion (GD)
- Written Ability Test (WAT)
- Personal Interview (PI)
What are the Top MBA Finance Entrance Exams?
Entrance Exams are an important aspect of the Admission process in any MBA stream, including Finance.
There are more than 10 management entrance exams conducted by national bodies, IIMs and private & public colleges, required to get admission in the top MBA colleges in India.
Some of the top MBA Finance entrance exams are tabulated below.
|MBA entrance exams||Conducting Body||Registration (Tentative)||Exam Dates (Tentative)||Exam Mode|
|CAT||Indian Institute of Management (IIM)||August 7-September 25, 2020||22 Nov 2020||Computer-Based Standardized Test|
|XAT||XLRI, Jamshedpur||Third week of August 2020-Last week of November 2020(without late fee)/ Second week of December 2020(with late fee)||First week of January 2021||Online|
|CMAT||National Testing Agency (NTA)||1st week of November 2020- 2nd Week of December 2020||4th Week of January 2021||Online|
|GMAT||Graduate Management Admission Council (GMAC)||May 2021||June to July 2021||Computer Based|
|ATMA||Association of Indian Management Schools (AIMS)||February 2021||July 2021||Computer Based|
|SNAP||Symbiosis International (Deemed University)||Second week of August, -Third week of November, 2020||Second Sunday of December, 2020||Computer-based|
|NMAT||Graduate Management Aptitude Council||October 5-October 16, 2020||December 19, 2020 (Saturday)||Online Computer Based Test|
How to Get Admission in a Good MBA Finance College?
Since most of the top management colleges like require you to qualify one of the entrance exams, therefore you are going to need a good percentile in one of the popular MBA entrance exams
Therefore, Tabulated below are some of the major sections for MBA Finance entrances.
|Quantitative Ability||Verbal Ability||Logical Reasoning and Data Interpretation|
|Mensuration||Critical Reasoning||Venn Diagrams|
|Permutations & Combination||Vocabulary||Selections & Ordering|
|Probability, Progressions and Matrices||Para Jumbles||DI based reasoning|
|Inequalities||Odd sentence out||Tables, Graphs and Charts|
Solve at least 10-12 timed Mock Tests after you have completed your preparation on the above sections.
Do not forget to be mentally and physically prepared with further rounds after the entrance exam i.e. the group discussion and personal interview. Be updated with current affairs as this will help in clearing these rounds.
Start preparing for the entrance exam a year before and apply on time, keeping your target college in mind.
Keep a track of important dates of the admission process, entrance exams, etc so that you do not miss anything and secure a place into a good MBA Finance college.
|CAT 2020 MOCK TEST||MAT 2020 SAMPLE PAPERS||XAT 2021 PRACTICE PAPERS|
|GMAT 2020 PRACTICE PAPERS||CMAT 2021 PRACTICE PAPERS||SNAP 2019 PRACTICE PAPERS|
MBA Finance Syllabus
MBA Finance subjects consist of core subjects and elective subjects.
MBA Finance syllabus is inclusive of classroom discussions, lessons, industry interactions, case studies, individual and group projects, term papers, and other activities.
First-year MBA in Finance Subjects deal with core aspects of Finance, while the second year curriculum deals with electives and specialized subjects.
MBA Finance Syllabus may differ from institute to institute but mostly consist of the following subjects:
|Organizational Behaviour||Management Science|
|Quantitative Methods||Economic Environment of Business|
|Managerial Economics||Financial Management|
|Financial Accounting||Management Accounting|
|Marketing Management||Production and Operations Management|
|Human Resource Management||Management of Information System|
|Business Communication||Marketing Research|
|Information Technology Management||Organization Effectiveness and Change|
MBA Finance Elective Subjects
|Quantitative Analysis of Financial Decisions||Security Analysis and Investment Management|
|Portfolio Management||International Financial Management|
|Management of Financial Services||Management Control System|
|Corporate Taxation||Financial Derivatives Project Planning|
|Risk Management||Fixed Income Securities|
|Corporate Governance||Analysis and Management|
|Financial Reporting||Financial Markets|
|Business Analysis and Valuation||Financial Modeling Using Excel|
|Commercial Banking||Financial Risk Management|
|Capital Expenditure Planning and Control||Corporate Taxation|
|International Business Economics||Fixed Income Securities|
|Financial Analysis, Planning and Control||Indian Accounting Standards|
|Commodities Derivatives Market||Issues in Empirical Finance|
Read More: MBA Finance Syllabus
MBA Finance Distance Learning
MBA Finance Distance Learning can be pursued in India within a minimum time span of 2 years and a maximum time span of 5 years.
Students need to have a bachelor degree in any stream from a recognized university to get themselves enrolled into MBA Finance distance learning courses.
Admission to MBA Finance distance learning in India is offered both on the basis of merit and entrances to students, depending on the university chosen.
Tabulated below are some of the top colleges for MBA Finance Distance Learning.
|College Name||Location||Average Fees|
|IGNOU||New Delhi||INR 10,800|
|Symbiosis Centre for Distance Learning||Pune||INR 92,000|
|Institute of Management Technology Centre for Distance Learning (IMT-CDL)||Ghaziabad||INR 1,11,000|
|Annamalai University, Directorate Of Distance Education||Karnataka||INR 26,850|
|Madurai Kamaraj University, Directorate Of Distance Education - [Mkudde]||Madurai||INR 30,250|
|Nmims Global Access School For Continuing Education - [Ngasce]||Mumbai||INR 86,000|
Source: University websites
Tabulated below is the comparison made between pursuing MBA Finance from IIT Kharagpur and IIM Kozhikode.
|Parameters||IIT Kharagpur||IIM Kozhikode|
|College Overview||Indian Institute of Technology (IIT) Kharagpur was the first-ever IIT to be established and is recognized as an institute of national importance. It has been ranked 5th in the Management category by NIRF Ranking 2020.||Indian Institute of Management Kozhikode (IIMK), also known as IIM Kozhikode is known for its flagship postgraduate program i.e. MBA. The B-school also offers programs such as PG Diploma, Executive and fellowship programs.|
|Average Total Fees||3,14,000||8, 07, 000|
|Average Placement||16.29 LPA||20 LPA|
|Top Recruiting Companies||Deloitte, HCL, HP, Aditya Birla group, Cisco, Genpact, Maruti Suzuki, Accenture, IBM India Pvt. Ltd., HDFC bank, Tech Mahindra, Gail, Thomas Cook, etc.||Accenture, Deloitte, Capgemini, IBM, Cisco, Google, Cognizant, HCL, Wipro, Birlasoft, Coviam, etc.|
Source: Official websites.
MBA Finance vs MS Finance: What is the Difference?
The table below highlights some of the major differences between MBA Finance and MS Finance.
|Parameters||MBA Finance||MS Finance|
|Qualification||Master of Business Administration in Finance||Master of Finance|
|Course Overview||MBA in Finance deals with many management and business subjects along with providing training in the field of financial management. The course has a number of electives which a student can choose to choose a particular domain||MS Finance is an advanced degree course which aims to provide sufficient knowledge and skills so that students can become eligible enough to work in any Finance sector.|
|Duration||2 years.||2 years.|
|Eligibility||Graduation with at least 50% marks in any stream||Graduation in any stream|
|Admission Process||Entrance Exam||Entrance Exams, Direct Admission is also offered in some private colleges.|
|Average Annual Fees||INR 3-8 LPA.||INR 50,000- 80,000|
|Colleges||Top B-Schools like FMS Delhi, IIM Kozhikode, IIM Indore, NMIMS, SIBM, etc.||Jamnalal Bajaj Institute of Management Studies, Udayanath College of Science and Technology, Regional College of Management, etc.|
|Average Salary||INR 4-12 LPA||INR 3-9 LPA|
Source: University websites and Payscale
What After MBA Finance?
MBA Finance graduates usually find employment in organizations which require to maintain a balance of capital in all the sectors.
HSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, etc. are some of the top recruiters of MBA Finance.
Some of the popular working areas for Finance Graduates in an organization are:
- Asset Management
- Corporate Finance and Corporate Banking
- Credit Risk Management
- Derivative Structuring
- Hedge Fund Management
- Private Equity
The table below shows some of the common MBA Finance Jobs along with the Average Salary Scale:
|Job Position||Job Description||Average Salary|
|Financial Analyst||A Financial Analyst usually improves the financial status of the company by various means in order to gain profitability and gain in the business.||INR 4.04 LPA|
|Relationship Manager||A Relationship Manager is responsible for the overall relationship of the company in terms of business and finance.||INR 5.99 LPA|
|Business Analyst||A Business Analyst provides suggestions based on the insights from the data for increased financial gain of the company.||INR 6.07 LPA|
|Accounting Manager||Accounting Manager can be considered the head of the accounts dept in a company where he oversees the smooth running of the company in terms of accounts and money.||INR 7.21 LPA|
|Bank Manager||A Bank Manager is responsible for overall supervising and managing the bank in all the departments.||INR 7.32 LPA|
|Operations Manager||An Operations Manager is responsible for the smooth functioning and running of the Operations dept of the company.||INR 7.78 LPA|
|Finance Manager||A Finance Manager is responsible for reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts||INR 9.99 LPA|
|Management Consultant||A Management Consultant usually provides insights and guides in the process of managing business and taking it forward.||INR 11.44 LPA|
|Corporate Controller||A Controller is an important position in a big company and is mainly responsible for the accounting operations of the company, to include the production of periodic financial reports, maintaining an adequate system of accounting records, etc.||INR 12.51 LPA|
|Chief Financial Officer (CFO)||A CFO is the most important position in any company. He/she manages the company or organization's finances and is responsible for financial reporting.||INR 20 LP|
There is a huge demand of professionals from the finance management background because every company wants financial intelligence and stability in their company to grow their business and maintain profitable records.
MBA Finance boasts of almost 26% share in all the MBA job opportunities globally. With doors to International Investment in India widening, there is expected to be a high MBA Finance scope in future.
Therefore, we can say that there cannot be any less demand for financial managers or MBA Finance Jobs in the future.
In terms of higher education, most of the graduates don’t go for further studies as such. But in order to gain tremendous growth and to bag an international job, one can go for a second MBA Abroad.
However, for students interested in studying further, there are plenty of Ph.D. in management courses to help the students in offering a better grip over the subject as well.
Read More: MBA Finance Jobs and Future Scope
MBA Finance: FAQs
Ques. Is MBA Finance or MBA in Marketing better?
- Individuals from a Commerce background is preferable.
- Candidate must possess stock market awareness
- Knowledge regarding financial instruments
- Possess apt analytical, problem-solving skills and be a meticulous planner as well as a thorough researcher.
Following are the skills required to opt for MBA in Marketing-
- Complete knowledge about marketing strategies.
- Understanding of targeted consumers.
- Creative thinking and excellent communication skills.
- Must be a knowledge seeker and a keen learner.
Now the question arises, which course is better of the two. So, for this have a look on the skills required to opt for both the courses which can be decided accordingly.
Ques. Can I pursue an MBA in Finance course online?
- Amity University
- Venkateshwara Open University
- Don Bosco University
- ITM University
- Jaipur National University
- Pondicherry University
- Karnataka State Open University
- National Institute of Business Management
- Symbiosis Institute of Distance Learning
So, while choosing any of the above mentioned colleges make sure that you go through details regarding admission process and all other prerequisites very carefully.
Ques. Do Indian Institute of Management Ahmedabad offer MBA Finance?
Ques. What is the average cost of admission to MBA Finance?
Ques. What is the eligibility to pursue MBA Finance?
Ques. What is the MBA Finance admission process in India?
Ques. Does MBA Finance contain more of the theoretical part or accounts part?
Ques. What are some of the top MBA Finance jobs ?
Senior Financial Analyst
VP of Corporate Finance, and much more.
Ques. What is MBA Finance Scope ?
Even the starting MBA Finance salary is comparatively higher for a professional from a finance background. MBA Finance salary in India ranges from INR 4-12 LPA, and if you have pursued MBA from a reputed B school, you can even get a salary package of as high as INR 30 Lakhs.
Hence, the scope and opportunities for doing MBA Finance is huge in terms of career development.
Ques. What can be done after completing MBA Finance?