MBA in Finance

MBA in Finance: Each family has a member who is the householder of the family, responsible for making decisions for all the financial matters. In that family, they make budgeting to fulfill the family's needs following their financial status. They make budgeting about how much to invest in a particular thing. Indirectly, we can say that they analyze to set equilibrium between budget and family needs to maintain the financial discipline. Like the family, every organization also needs such people who handle their finance department, and they are responsible for maintaining the balance between the organization's budget and expense on resources.

These organizations used to hire experts in handling the finance department, and these financial experts are essential for the organization's growth. They make decisions on the investment of a certain amount on any asset by doing a lot of analysis and research, which will reduce the chance of loss and increase the chances of profit. MBA in Finance is the course we are talking about, and this course makes you a financial expert. An MBA in Finance learns the same thing as a householder; the only difference between both is that an MBA in Finance does this on a large scale.

MBA Finance Course Admission 2022-23

For getting admission to MBA finance, you have to go through various entrance exams conducted by various colleges and the Indian Institute of Management. There are various national level examination conducted to take admission in MBA in Finance as well as other MBA courses, and these are following:-

1. CAT (Common Admission Test)
2. MAT ( Management Aptitude Test)
3. XAT ( Xavier Aptitude Test)
4. GMAT ( Graduate Management Aptitude Test)
5. CMAT ( Common Management Admission Test)
6. ATMA (AIMS Test for Management Admission)
7. NMAT (NMIMS National Management Aptitude Test)
8. SNAP (Symbiosis National Aptitude Test)
9. IIFT (Indian Institute of Foreign Trade)
10. IRMA ( Institute of Rural Management Anand)
11. MICAT ( MICA Admission Test)
12. TISSNET ( Tata Institute of Social Sciences)

The examinee in the above entrance examination must have scored pretty well percentile to get their name on the merit list. For cracking the examination, the candidate must have a sharp hold on Logical reasoning, Language comprehension, Quantitative techniques, Data Interpretation, and General awareness.

CAT is the most popular; one candidate who successfully secured more than cutoff will fill their choice of IIMs situated all over India. After the counseling process, all IIMs release their merit list, and the candidate with the best rank will get the opportunity to take admission in respected IIMs.

MBA Finance Eligibility Criteria

• Students must have a bachelor degree from any discipline.
• They must pass a bachelors degree with a minimum of 50% marks from a reputed institute or equivalent.
• There is no age limit specified for admission to this course.
• MBA in Finance subjects in India

Like all other MBA courses, the subjects for the MBA in Finance starts will be the primary study about management studies. There are also some of the elective subjects that are offered to the students. The basic MBA in Finance subjects in India are listed below:

• Corporate Taxation
• Financial Reporting
• Financial Risk Management
• Managerial Accounting
• Marketing Management
• Organizational Behavior
• Portfolio Management

MBA Finance Syllabus

In MBA finance, you will learn in three phases, i.e., 1st-year phase, Summer Internship, and 3rd year. In 1st year you have to know about core subjects, in the second year you have to choose some subjects, that is called elective courses, have to do a lot of projects and attend seminars. In the gap between the first year and second year, you have to work at any organization for one month or two months as a summer internship intern.  

Core subjects that are the first-year course

• Organizational behavior
• Quantitative methods and managerial economics
• Financial accounting
• Marketing management
• Human resource management
• Business communication
• About Information Technology Management Organization
• Effectiveness and change
• About the economic business of financial management
• Management accounting
• Production and operations management
• Marketing research
• Management of information system

The second year of MBA finance is consists of various subjects given below. As their name suggests, 'elective' these subjects are elected or chosen by the student from different subjects (As per their choice of interest). These elective courses include the following subjects:-

• Elective subjects or elective courses taught in 2nd year.
• 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, analysis, and Management
• Risk management
• Fixed income securities
• Corporate governance
• Financial reporting

MBA Finance Distance Learning

Distance learning in an MBA course is an affordable and flexible way to pursue an MBA finance course, will get an MBA finance degree from a recognized college or university without attending regular classes. The distance learning MBA finance program is directly controlled by University Grant Commission (UGC). A person working in any organization or place without enough time or money could go with a distance learning program.

For doing MBA finance with distance learning, a candidate must have a graduation degree in any stream with a minimum of 50% marks. Here are some of the colleges or universities that are providing distance learning MBA finance degrees.

• ICFAI University
• Suresh Gyan Vihar University (SGVUDE)
• Institute of Management Technology (IMT) ( Ghaziabad)
• Indra Gandhi National Open University (IGNOU)
• Sikkim Manipal University
• Annamalai University
• Symbiosis Centre for Distance learning
• Prin. L.N. Welingkar Institute of Management
• MIT Pune
• Lovely Professional University
• Amity University Noida 

Eligibility Criteria and Admission Process for Doing Executive MBA in Finance:-

The eligibility criteria for an executive MBA in Finance vary from institute to institute. Many institutes demand 3 to 5 years of job experience in any field, whereas many demand 10 to 15 years of experience. After fulfilling the eligibility criteria, one must appear in different entrance examinations conducted by a respected university or by IIMs. The admission process in Executive MBA finance is a little bit harder than regular MBA, and here you have to give an interview too, they will check your writing skill, they will ask about your SOP or Statement of purpose, ask for your recommendation letter from that particular organization where you are working.

MBA In Finance From IGNOU

IGNOU provides a full-time course in Masters in Business Administration (MBA) in Finance in which there is no age barrier. MBA in Finance is a full-time postgraduate course with a minimum duration of 2 years and a maximum of 5 years. The course fee in IGNOU is very affordable and less if we compare it with others, which is 37800 INR per semester. 

The Eligibility Criteria For Getting Admission at IGNOU in MBA in Finance Follow:-

• Graduation is a must; the student applying for MBA in Finance at IGNOU has to complete their graduation in any stream from a recognized university. 
• Candidates from the general category must have to secure a minimum of 50% marks in their graduation. In contrast, some relief is given to the reserved category students, 45% marks in their graduation.
• The candidate must secure the required SGPA/CGPA to meet the requirement of minimum percentage as per the eligibility criteria.
• National Testing Agency ( NTA) conducts an entrance exam named OPENMAT entrance test. This candidate applying for admission at IGNOU in MBA finance must have to clear the exam.

So, these are some of the information related to IGNOU for getting admission in MBA finance. One more important thing mentioned here is that IGNOU provides Ph.D. courses in Various MBA programs and MBA finance. 

Executive MBA in Finance

Executive MBA programs are very good options for experienced professionals. Here, they could enhance their leadership skills and analytical skills, giving them high career exposure in Finance and accounting. You can do your executive MBA without quitting your job; it could benefit your current job. Your boss knows that you are pursuing this extraordinary course and he can't afford to leave an employ of this king, which will increase your Salary. To pursue this course, only experienced professionals are allowed to enter, which makes the classroom environment very diverse. This diverse nature makes you interact with professionals from various fields, and then you will get knowledge of different fields. If we talk about the courses of Executive MBA in Finance, then we will find that they are mainly focused on core courses rather than elective courses.

Here is the list of some of the reputed institutes for doing Executive MBA in Finance

Indian School of Business (ISB):- This is the first business school, who introduces the concept of EMBA or executive MBA in India. Indian School of business is termed one of the best business schools throughout the world, ranked on 33rd spot the world's best business school by financial Times Global in 2015. The demands minimum of 10 years of job experience in the application with a graduate degree. Their overall fee for doing an executive MBA in Finance is INR 3370800.

Indian Institute of Management Ahmadabad:- IIM Ahmadabad doesn't offer any degree, but facilitates to give diploma in Management. Here, a bachelor's degree is a must with a minimum of 27 years of age, and their overall fee is INR 2400000.

Indian Institute of Management Calcutta (IIMC):- IIIMC takes admission of the candidate through an entrance examination named GMAT. A graduation degree in any stream is a must with a minimum of 5 years of experience in any particular field. The overall fee at IIMC for doing an executive MBA in Finance is around INR 1800000.  

Professional Courses After MBA In Finance

If an MBA in Finance doesn't make you in that position to get your dream job, you must look at some professional course after MBA finance to specialize in your career. Here are some of the best courses that you must look for:-

1. Courses in investment banking:- Investment banking is one of the unique segments of banking operations which serves individually or with the company to raise their capital. In general, investment banks help their clients by giving them advice in managing their financial assets like Real estate, Debt funds, and equity funds.
2. Certification courses like CFA, FRM:- If nothing is working well with you after MBA finance, you must specialize in these globally recognized courses like Chartered Financial Analyst (CFA) and Financial Risk Management (FRM).
3. Become Doctorate in Finance:- Doctorate in Finance is a non-traditional course with a huge reputation in the market; this Ph.D. course makes you one in a row, with great specialization in the finance field. You could opt for your career as a professor, which gets huge respect all over the world. You could also get some other jobs like a researcher in Finance field. Various colleges provide doctorate in MBA finance, among which the top 5 IIMs, ISB, and XLRI are the best.
4. Pursue courses in Stock Market:- If you are interested in Stock marketing or have a good understanding of Stock marketing, pursuing studies in Stock marketing is the best option for an MBA in Finance. You could start this by referring to some stock market-related books like 'An Intelligent Investor' or inspiration from some highly rated Stock market-related Movies.

Some of the other top Colleges for doing an MBA in Finance are

• Indian Institute of Management Bangalore (IIMB)
• Indian Institute of Management Lucknow (IIML)
• Xavier School of Management Jamshedpur (XLRI)
• Faculty of Management, Delhi (FLM)
• Indian Institute of Management Kozhikode (IIMK)
• Indian Institute of Management Indore (IIMI)
• Indian Institute of Foreign Trade New Delhi ( IIFT)

These colleges have similar eligibility criteria for a minimum of 5 years of job experience, entrance exam, and interview-based admission process, and overall fee ranges from INR 1800000 to INR 3500000. 

Short Term Courses after MBA Finance

MBA in Finance is a very prestigious course in itself, and you can get a lot of best quality jobs through this degree. But, if you add some certification course, it will work as garnish and cherry on the cake, where cake is the MBA finance degree, garnish and cherry are the certification course. These certification courses will give you more exposure in career and specialization as well. This course will boost your skill along make your CV more powerful. 

Some of the Most Famous Certification Courses after MBA in Finance are as follows:-

• Chartered Financial Analyst
• Certified Financial Planner
• FLIP certification
• Financial Risk Manager 9FRM)
• NCFM Certification 
• Company Secretary(CS)
• Actuary
• Executive Program in Algorithmic Trading
• Certification in Quantitative Finance
• Chartered Alternative Investment Analyst

MBA in finance Job Opportunities:-

One could make a career in MBA or Master's in business administration in Finance by pursuing MBA in finance course from various Indian or Overseas institutes. MBA in Finance is a two-year postgraduate program consisting of four semesters (each semester comprises six months) with a concentrated group of courses related to finance.

MBA in Finance is down to be one of the most reputed courses that provide many job opportunities. An MBA in Finance has to work 90 hours/per week, which seems to be very hard, but their pay scale is also perfect here; therefore, this hard work is quite rewarding. A skillful person who holds the degree of MBA finance could hold various positions in an organization. 

• Financial Analyst
• Financial manager
• The chief financial officer or CFO
• Accounting manager
• Corporate Controller
• Management consultant

Common job duties of the following positions involve:-

• Financial Analyst:- Financial Analyst collects operational data, underlay cost levels for different products and services, and helps establish the organization's financial status by analyzing actual and predicted financial data. 
• Financial Managers:- Financial managers are those in the organization who can implement top-level financially related policies and combine them to overall business objectives. Their duty in the organization is to make and review the financial reports from analysts, to guide and aware team members, combine all the finance team to reach the main business objective, recheck or oversee the cash flow and financial equities, to prepare ethical, regulatory, and legal reports and to become the connection between the upper managing department with lower ones.
• The Chief Financial Officer or CFO:- If an MBA finance gets the top end of the promotion, then they will become Chief financial officer or CFO of the company. They could directly report to the CEO and board of directors regarding the financial aspects, could make final decisions on overall economic policies and services. Financial managers are responsible for setting main development objectives, delivering financial projections, and maximizing returns on invested funds. They secure organizations' funds for their future investment needed in critical situations of growth. They underlay indicators and methods of tracking for production, productivity, quality, and customer service from a financial point of view.    
• Accounting Manager: Accounting managers are responsible for the accounting department's daily operations, making routine, more extensive financial department and documents work to connect organizational goals and accounting services.
• Corporate Controllers:- Corporate controllers are in charge of all accounting and financial operations at any particular organization. They are the person who lay the foundation of any economic policy and implement it, perform a financial risk assessment, and help the organization in preparing their annual budget.
• Management Consultant:- Management consultant works in an organization for solving the organizational problem, helps in improving the business performance, creating the organization's value, helps in maximizing profit and growth of the organization, makes a quantitative and qualitative analysis for repairing organizational blockage. They are the persons in an organization who review internal client company data like financial settlements, payroll information.

MBA Finance Average Salary Offered

As we know that there is a huge scope for MBA in Finance, they get decent Salary as well, and at a certain time, it becomes very high. After getting enormous experience in this field of Finance, one could earn beyond imagination. If we look at the average Salary of a Master in Business Administration (MBA) in Finance, we find that it is a decent package, INR 678000 per annum.

Conclusion:- 

If we look at all the points, career objectives, opportunities, and Salary, we could say that MBA in Finance is the best Masters's degree course. There is an enormous scope of MBA finance in the market along with a good annual package. But, the entrance process for the prestigious institutions is very high, along with high tuition fees that a lower-middle-class family can't afford. Another important point that a lower middle class or lower class student must know is that if you crack the top entrance exams and get admission to top IIMs. At some prestigious institutions, government banks will provide you with an education loan easily. So, you don't have to worry about your financial condition; the only thing you have to concentrate on is your study.