filter your search allcollegesexamnews

Master of Business Administration [MBA] (Finance)

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Post Graduation

Master in Business Administration with a specialty in Finance is among the more vouched for courses in Management. One of the foremost requirements for a corporate organization to thrive is expert management of capital. Capital Management includes Sourcing, Engaging and Utilizing Capital. With this view, MBA graduates with a specialization in Finance are welcomed in the corporate sector and Banking industry with open arms. The key skill associated with an MBA in Finance is evaluation and production of highest expected value from an asset.

Highlights of MBA in Finance

Following are some highlights of a general MBA Finance course in India- 

Program Duration

2 years (4 or 6 semesters)

Number of Management Institutes in India

3900 approx.

Associated Key Skills

Capital Management, Asset Development, Fund Management, Risk Management among others.

Eligibility

A Bachelor’s Degree in any Discipline.

Different Institute might have some additional eligibility criteria.

Admission Process

Entrance Test + Group Discussion / Personal Interview

Top Entrance Exams

CAT, XAT, NMAT, CMAT, SNAP, MAT etc.

Management Entrance Exams in India

Program Fee

Varies from 4 Lakh INR to 20 Lakh INR

Average Starting Salary after the Program

5 Lakh INR

Top Recruiting Companies

 Ernst & Young, Genpact, ICICI, HDFC, HSBC

Why choose MBA in Finance?

The Management of Finance is a crucial aspect of any business and requires able and expertly trained professionals to determine the why and how aspect of funding and investment. Since no organization can function without professionals to make such calls, MBA in Finance will always remain an in-demand course. Some of the basic skills an MBA in Finance helps in building are:

  • Investment Strategy
  • Understanding of Local and Global Economy
  • Merger and Acquisitions
  • Corporate and Financial Risk Management
  • Hedge Fund Management

Which is better MBA in Finance or any Specialized Master Degree?

Both courses serve different purposes. While choosing a course it is vital to know the intent of candidate in pursuing the course. An MBA in Finance prepares an individual to for management level jobs in Banking and Finance Sector. Courses in MBA in Finance focus more on the managerial aspects of asset management. MBA in Finance is ideal for students who wish to secure managerial and leading positions in an organization.

A Specialized Master Degree in Finance like an M. Sc. Degree in Finance is more of a technical program. Such programs focus on the technical and operational aspect of Finance and require a candidate to have prior knowledge of Statistics. Degrees like M.Sc. in Finance are suited for candidates who are more interested in the operational functions.

What are the options in Higher Studies after MBA in Finance?

Students who wish to pursue further studies in Business Administration, Fellow Programme in Management or FPM is a lucrative option. FPM is a doctoral program offered by top management institutes. Students who opt for full-time Residential Fellow Program are awarded monthly grants which range from 30,000 INR to 100,000 INR per month. FPM Programs are available at institutes like IIMs, XLRI, ISB, MDI etc.

MBA in finance is the most popular stream in Management studies these days. Course structure and curriculum is something that plays a vital role for making it the most popular among MBA aspirants. Course duration for MBA is two years in all B schools. However these two years are divided either in semesters or in trimesters. Each year consists of two semesters or three trimesters.

Students generally learn core subjects in the first year in all MBA courses. But at the end of the first year, the choice of specialization becomes clear. In the second year, the students take elective or optional courses to specialize in a maximum of two functional areas. So for the first year all the MBA courses have the same curriculum.

MBA Fin 1

Eligibility Of the Master of Business Administration [MBA] (Finance)

Graduation and a bachelors degree in any discipline obtained through the 10+2+3 system or an equivalent qualification with a minimum aggregate of 50% or equivalent CGPA of any of the Universities incorporated by an act of the central or state legislature in India. A Relaxation of 5% aggregate is there for SC/ST candidates.

How to Get Admission in Master of Business Administration [MBA] (Finance)

There are about 3700 B schools in India including public and private institutes. Among them there are 19 IIMs which are the premier institutes of Business studies in country. The application process in these institutes differs from institute to institute. Mostly B schools offer admission on the basis of some entrance test. There are also some institutes which provide direct admission to the students.

MBA Fin 2                                                                                                                          

Direct Admission

Direct admissions are done either on the basis of merit list or on management quota.  Direct admission in MBA Finance is offered by private institutes. These admissions are done on the basis of Management Quota/NRI/Sponsored seats. Direct admission for any institute only includes one round. They offer admission directly by submitting the course fee.

Entrance Tests for MBA in Finance

There are about 15 national level entrance tests which provide opportunity for students to pursue their MBA from their dream b school. Some most common entrance tests are CAT, XAT, MAT, CMAT, GMAT, IIFT, SNAP, and NMAT. Among them CAT and XAT are the most popular one.

Application process for most of the entrance exams generally starts from July to October.  Entrance tests are held in the end of the year. CAT the most renowned test for MBA in India is held in November, XAT in January and others are also held between months November to January. Classes in most of the B schools begin in July or August. Following are some brief details of these entrance tests-

MBA Fin 3

Selection process for most of the B schools includes following steps-

  • Shortlisting on the basis of Entrance Test Score- Mostly B schools first, shortlist candidates on the basis of their score in the entrance test which is acceptable by the institute. Shortlisted candidates get a call from the respective b school for further rounds.
  • GD/PI/WAT- After shortlisting candidates on the basis of test score, next round of selection process is conducted. Almost all the top B schools of the country follow the same pattern for admission. Group discussion or Written Ability Test is the first phase of the second round. This process differs from institute to institute. Some prefer GD while some prefer WAT. PI is the final round for the selection. Apart from these stages, academic performance of the institute is also considered in the final selection. Following is the process followed by most of the institutes in final selection-

Criteria

Weightage

Entrance Test Score

60-70%

Academic Performance

10-15%

GD/PI/WAT

5-10%

Work Experience

5-10%

Above table shows a rough idea about how much weightage to which criterion is given by most of the institutes for final selection of the candidates.

Top B schools in India for MBA Finance

While choosing a B school everyone wants to know about the placement records of the institute, which without a doubt is the most important parameter to check. But apart from that there is another important pointwhat course you want to specialize in and which institute is better at it?

For MBA in Finance, some prestigious b schools both public and private are tagged as best not only in India but at global level. Following is the list of such b schools- 

Public

B School

Program Name

Eligibility

Selection Criteria

Indian Institute of Management,  Ahmedabad (IIMA)

 

Post Graduate Program in Management

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT, Work Experience

Indian Institute of Management, Bangalore (IIM B)

 

Post Graduate Program in Management

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT, Work Experience

Indian Institute of Management, Calcutta (IIM C)

 

Post Graduate Program in Management

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT, Work Experience

Indian Institute of Management, Lucknow (IIM L)

 

Post Graduate Program in Management

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT, Work Experience

Faculty of Management Studies, Delhi (FMS Delhi)

 

MBA

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT, Work Experience

Private

There are some private b schools that are also considered best in MBA Finance-

B School

Program Name

Eligibility

Selection Criteria

Xaviers Labour Research Institute Jamshedpur (XLRI)

Post Graduate Diploma in Management

Bachelor's Degree with at least 50% marks or equivalent CGPA

XAT Score, GD, PI, Work Experience

S.P. Jain Institute of Management and Research, Mumbai (SPJIMR Mumbai)

Post Graduate Diploma in Management

Bachelor's degree or equivalent (10+2+3) from a recognized university

CAT/XAT/GMAT Score, WAT, Psychometric Test, Interview

Management Development Institute, Gurgaon (MDI)

Post Graduate Program in Management

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT, Work Experience

Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)

Masters in Management Studies

Bachelor's Degree with at least 50% marks or equivalent CGPA

CAT Score, GD, PI, WAT

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

MBA

Bachelor's Degree with at least 50% marks or equivalent CGPA

NMAT Score, GD, PI

Symbiosis Institute of Business Management, Pune (SIBM Pune)

MBA

Bachelor's Degree with at least 50% marks or equivalent CGPA

SNAP Score, GD, PI, WAT

ICFAI Business School, Hyderabad

MBA/PGPM

Bachelor's Degree with at least 50% marks or equivalent CGPA

IBSAT Score, NMAT Score, CAT Score, GD, PI