MBA in Wealth Management Colleges, Syllabus Jobs and Salary

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Pranjal Singhal

Content Curator | Updated on - Jul 31, 2021

MBA in Wealth Management is a 2- year full- time course divided into 4 semesters, with each semester lasting a period of 6 months. Wealth management is a sophisticated  professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning for one set fee.

Clients work with a single wealth manager who coordinates input from financial experts and subsequently includes coordinating advice from the client's own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities. Wealth management is more than just investment advice, as it encompasses all aspects of an individual’s financial life.

The underlying idea of the concept of wealth management is that rather than trying to integrate pieces of advice and various products from a series of professionals, individuals with high net worth benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own or their family's current and future needs.

While the role of a wealth manager is to provide services in aspects of the financial field, some choose to specialize in particular areas. This may be based on the expertise of the wealth manager in question or the primary focus of the business within which the wealth manager operates.

The average annual course fee in India ranges between INR 35,000 to 1,40,000, depending upon the institute offering the course. The basic eligibility criterion to pursue the course is graduation completed from a recognized university with a minimum aggregate score of 60%.

The average annual starting salary offered in India to successful postgraduates of the course ranges between INR1 to 9 lacss depending upon the candidate’s expertise in the field.

Top Colleges for Master of Business Administration [MBA] (Wealth Management)

MBA in Wealth management: Course Highlights

Listed below are some of the major highlights of the course.

Course Level Post-graduate
Duration Two Years
Examination Type Semester System
Eligibility Graduation from a recognized university
Admission Process Counselling after taking Entrance Examination
Course Fee INR 35,000 to 1,40,000
Average Starting Salary INR 1 to 9 lacs

Eligibility for MBA in Wealth Management

The minimum requirement of eligibility for admission to this program is the completion of a 3- year Bachelor’s degree or equivalent qualification completed from a recognized university in any discipline with at least 60% marks in aggregate.

MBA in Wealth Management: Admission Process

Admission to the course is based on the candidate’s performance in one of the relevant entrance tests conducted in the country, such XAT, CAT, GMAT, Xavier GMAT (X-GMT), and NMAT by GMAC.

Shortlisted candidates are subsequently called for the round of personal interview based on their performance in the entrance test.

Final selections are based on the candidate’s score in the entrance test and interview, past academic record, and relevant work experience.

Top Institutes Offering MBA in Wealth Management

Some of the top institutes offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.

COLLEGE NAME CITY AVERAGE ANNUAL FEE
M.M. institute of management Haryana INR 60,000
SVIIT Chandigarh INR 35,000
Venkateshwara open university Nagpur INR 62,000
MIT school of distance management Pune INR 48,500
Venkateshwara open university Mumbai INR 53,200

MBA in Wealth Management: What is it About?

Wealth Managers are responsible for developing a plan aimed at maintaining and increasing the client's wealth based on that individual's financial situation, goals and comfort level with risk. After the original plan is developed, the manager meets regularly with clients to update goals, review and rebalance the financial portfolio, and investigate whether additional services are needed, with the goal of remaining in the client’s service throughout his lifetime.  A further defining quality of wealth management is that it is delivered in a consultative manner.

By being consultative, Wealth Managers are essentially client- centred, interacting with clients without any presupposition about what financial products or services are appropriate for that affluent individual. While it is common for a wealthy individual to be consulting with a Wealth Manager to address a particular need, the consultative Wealth Manager’s overriding objective is to understand the person and find out what’s important and for what reasons, and to bring in the appropriate experts and provide the appropriate financial services.

MBA in Wealth management: Career Prospects

Professionals of the course are exposed to a variety of business, strategy and market- related assignments, and trained in the requisite skills needed for asset management and delivery of estate and trust services to affluent clients around the world. Generalists of the discipline dabble in a number of business units including RBC Global Asset Management, RBC Dominion Securities and other emerging markets divisions.

Enrolled students are trained in leadership, problem-solving and communication skills, and offered practical training and coaching from industry leaders.

Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.

Annuala Salary in Wealth management
JOB POSITION JOB DESCRIPTION AVERAGE ANNUAL SALARY IN INR
Investment Analyst Investment Analysts are responsible for providing stockbrokers, fund managers and stock market traders with financial information, advice and recommendations derived from global investment data. INR 5,28,000
Wealth Manager Wealth Managers are responsible for functioning in a wide range of fields, such as financial planning, investment management, and financial advice on pensions, trusts, inheritances, and tax bands. Often, wealth management services are offered by high street banks with the aim of attracting high-value customers. INR 8,54,000
Relationship Manager Relationship Managers are responsible for primarily dealing with individual retail customers and advising them on various banking and financial products and services offered by the bank. A wholesale Relationship Manager would be catering to the corporate clients like SME's or large corporations. INR 3,83,000
Equity Analyst Equity Analysts are responsible for providing analyses on securities information to Portfolio Managers to aid in the investment process. The purpose of the research is to aid in trading strategies and portfolio selection. INR 3,97,000
Senior Investment Manager Senior Investment Managers are responsible for providing research and information to help traders, fund managers, and stock brokers make decisions about investments. The information they provide ensures investment portfolios are well managed and that potential investment opportunities are highlighted. Some analysts work for investment management companies, providing information to in-house fund managers, others work for stockbrokers and investment banks, where their research is needed by Portfolio Managers or by clients who make their own investment decisions. INR 1,80,000

MBA in Wealth Management: Syllabus and Course Description

A semester- wise breakup of the course’s syllabus is tabulated below.

SEMESTER 1

Financial management
Business environment
Managerial economics
Organizational behavior
Human resource management
Quantitative techniques

SEMESTER 2

Strategic management
Marketing management
Management information system
Production and operation management
Research methodology for management decision
Accounting for managers

SEMESTER 3

Operations management
Legal aspects of business
Banking and finance
Legal framework and finance
Financial institutions and banking
Risk management

SEMESTER 4

Investment planning and management
Financial planning and mutual fund products
Retirement solution
Security analysis
Portfolio management
Constructing financial plans and wealth management

Master of Business Administration [MBA] (Wealth Management) : 34 answered questions

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Ques. How is IIM Rohtak for MBA finance? How is the crowd and professors? What is the real average package?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. IIM Rohtak offers an MBA degree and you can take up a specialization in finance in your second year of study. As one of my friends studied there, I might be able to answer your question. Crowd The crowd/batch consists of everyone including you. The student crowd overall is really good and diverse. They are usually helpful. Seniors also help to solve problems, be it about studies, participation, involvement in class, etc. The crowd will depend on the overall behavior of the students. Faculty The faculty here is really helpful and cooperative. They are highly educated and well versed in their particular fields. A good faculty will result in a good performance by the college and its students. Placements:- This is the most important thing to consider while selecting a college. The student profiles, the summer internship performance, your academic as well as non-academic performance in college, the industry dynamics, and many other factors determine the placements. For your better knowledge, these are the final placements for the 2019-2021 batch. Categories MBA (Finance) at IIM Rohtak Course Fee 16.55 lakh Highest CTC 22.8 LPA Average CTC 13.74 LPA Median CTC 13.5 LPA No. of Recruiters 100+ No. of New Recruiters 72+ Many reputed companies participate in their placement program. These include Capgemini, Infosys, TCS, Mindtree, Godrej, Nerolac, Wipro, KPMG, Microsoft, HCL, HP, Deloitte, Mercedes, Morgan Stanley, and many more. Thus, you can easily opt for IIM Rohtak, as it is a good institute to pursue MBA in Finance. If you get an opportunity to study here, do go for it.Read more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. Opting for a field in which you already possess some knowledge would be beneficial rather than going for an entirely new field. You are experienced in industrial structures and have a background in civil engineering. Therefore, it would be advisable to go for an MBA in Operations instead of MBA in Finance. Progressing in this particular field in the future would be swift and easy for you as well as Operations was included in your major. Evaluate your priorities and then make a decision. If you bear doubts regarding it then you might as well prefer going for the MBA program at IIT Kharagpur. The management departments at IITs are developing with highly qualified management faculties as well as excellent students. It is an outstanding campus that would lead to your overall development. Categories MBA (Operations) at IIT Kharagpur MBA (Finance) at IMT Ghaziabad Course Fee 10.30 lakh 19.53 lakh Highest CTC 20 LPA 22 LPA Average CTC 14 LPA 11 LPA Recruiting Companies ITC, P&G, Deloitte, KPMG, etc. Goldman Sachs, Google, DE shaw, Credit Suisse, etc. Within the two-year MBA course, your skills would be enhanced in the competitive environment provided by the institute. The vigorous activities would be a plus point in building you professionally for the corporate world.Read more
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Ques. Can I do a PGDM in finance from Taxila Business School? I have cleared the MAT exam.

● Top Answer By Janvi Bhambri on 16 Jul 21

Ans. It will be better if you don’t consider MBA from Taxila business school as an option. While considering a B-school you should always look for a college that has great infrastructure, curriculum, faculties, environment, placement opportunities, and learning opportunities. And Taxila business school will not fulfill the above criteria. You should select business schools that have ranked well in the Times Business school rankings. Try to choose Tier 1 MBA institutions. If you have a good MAT score along with a good academic record then you can surely get a good institution. Also, if possible try to score well in CAT, ATMA, and other examinations too. That way you will have better options.Read more
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Ques. Which college is better for an MBA in finance, RIIM or PIBM with respect to ROI and digital certification?

● Top Answer By Shilpa Nayak on 08 Jul 21

Ans. Both of the mentioned colleges are good but amongst the two, RIIM is far better when compared with PIBM in Pune. In terms of the fee structure, there is a huge difference between both colleges. The fee structure offered by RIIMs is less than PIBM. At RIIM, practical based methods are used for teaching purposes. The placement cell of the college does its job perfectly in enhancing the personality and skills of the students. RIIM Pune concentrates on improving the entrepreneurial skills of the students enrolled in the MBA Programs. Companies offer attractive packages during the recruitment of MBA students. The college provides the students with very good knowledge about the core details of the finance sector. Categories MBA at RIIM MBA at PIBM Course Fee 1.82 lakhs 7.95 lakhs Highest CTC 10 LPA 18 LPA Average CTC 6 LPA 9-10 LPA Recruiting Companies HP, Nestle, ITC, Byju’s, etc. HUL, Godrej, Federal Bank, Tech Mahindra, etc. RIIM Pune offers the following Digital Marketing Certifications in affiliation with IIM Kozhikode: Search Engine Optimization, Social Media Optimization, Email Marketing, Google Ad words, Google Analytics, PPC & Mobile Marketing. RIIM Pune also offers Value-Added Programs like SAP (Basic), Advance Excel, Business Analytics, Six Sigma, IT Skills from Microsoft, workshops at National Stock Exchange.Read more
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Ques. How is PIBM for finance placements?

● Top Answer By Keshav Jindal on 08 Jul 21

Ans. Without any doubt, PIBM is one of the best colleges in India for management. It offers an AICTE approved PGDM course. It also offers an MBA program in affiliation with Savitribai Phule Pune University. It provides placement training where they give complete experimenting learning, profile building, and even SCPS approach (Sector, Company, Product/Service). For Finance, they offer proficiency enhancement training and certification in curricular like Bloomberg Terminals, Ace Analyzer, Advance Excel, Balance sheet analysis, Finance modeling. The college offers industrial experience as well through summer and winter internship programs, and live projects. Many companies like Wipro, ITC, Deloitte, etc. come to the placement drive for recruiting. The average package offered to the students in the recent placement drive of 2021 was INR 6.5 LPA, placing 550+ students. The job profiles offered are in Investment Banking, Equity Research, Corporate Finance, Commercial Credit, Finance Quality Management, Treasury Management, etc. PIBM is one of the best institutions offering many opportunities along with wonderful placements for finance. So if you are interested in applying, grab the opportunity.Read more
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