Masters in Finance courses are 2 years in duration and provide in-depth knowledge of Financial management and building Accounting Statistics. It focuses on knowledge about theories related to commerce, stocks, investments, and finances of people and various ways of effective financial control.
Masters in Finance courses are offered in Online, Offline as well as Distance Education modes. To pursue master courses in Finance one needs to complete their graduation with at least 50% marks and may be required to have some working experience in the same field. MBA Finance, MCom, and MSc Finance are some of the popular Masters courses in Finance.
Admission to master courses in Finance are merit-based and entrance examinations such as CAT, MAT, CMAT, etc. IIM Kozhikode, IIM Trichy, XLRI Jamshedpur, and Ahmedabad University are some of the best MBA colleges in India offering Master's courses in Finance. In India, the average fees for pursuing Master courses in Finance can range between INR 16 - 24 lakhs depending upon the course and institute.
After the completion of the courses, most of the colleges/universities provide placement opportunities to their students, however, one can find highly paid jobs in top-notch companies such as Morgan Stanley, HDFC, Aditya Birla, JPMorgan, and many others. According to Glassdoor, the highest salary received after a Masters of Finance degree is around INR 48 LPA which can grow even more with experience. Check out: Top Finance Colleges in India
All About Master in Finance Courses
- Students seeking to get deep knowledge of Finance concepts can opt for Masters courses in Finance. These courses help students to learn and understand Accounting, Financial Statistics, and effective ways of Finance Control.
- Masters courses offer many benefits to the candidates, apart from a deep understanding of Finance one can also use them to get a hike in their salary.
- To be eligible to opt for Masters courses in Finance one needs to complete their graduation with a minimum of 50% marks from a recognized University.
- Admission to most of the colleges into Masters courses in Finance, candidates are shortlisted based on the scores of the entrance exams. However, some colleges offer merit-based admissions.
- After completing the master's courses in Finance, the average salary of a graduate in this field is between INR 8 - 12 LPA which increases with experience and expertise.
Also Read: Finance Courses After 12th
Types of Master in Finance Courses
Master courses in Finance are offered for the duration of 2 years and provided in Online, Offline, and Distance Education modes. MCom, MSc Finance, Master of Finance & Control, and MBA Finance are some of the popular master's courses in finance.
M.Com
M.Com or Masters of Commerce is a postgraduate course offered for the duration of 2 years. The course imparts knowledge of accounting, banking, investment, financial service, investment as well as economics and marketing. To pursue M.Com one needs to complete their graduation in the Commerce field with a minimum aggregate of 50% marks from a recognized University.
- Admission to most of the colleges offering MCom is done on merit-based, however, some of the top MCom colleges in India consider scores of the entrance exams such as BHU PET, CUCET, PU CET, and many more.
- The average fee for pursuing M.Com can range between INR 5,000 to INR 150,000 per annum while for MCom Course in Distance mode ranges between INR 5000 - 138,000 depending upon the Institute.
- After completing M.Com, candidates can land jobs in different profiles such as Account Assistant, Cost Accountant, Business Analyst, Finance Consultant, Operations Manager, and many more.
- The top recruiters for graduates in M.Com include KPMG, PWC, State Bank of India, HDFC Bank, ICRA, etc. The average salary one can expect at the start of their career is around INR 5 LPA which increases with experience.
Read About: MCom Admission 2024
MSc Finance
Master of Finance and Control or MFC/ MSc Finance is a postgraduate degree course offered for 2 years. MSc Finance helps students to learn and understand Finance theories related to investments, commerce, stocks, and finances. Candidates wishing to pursue an MSc in Finance must have completed their graduation in any stream (preferably Commerce, Accounting) with at least 50% from a recognized University.
- MSc Finance admissions are generally done based on entrance exams such as the CAT and Post-Graduate Common Entrance Test (PGCET) conducted at the national or state level.
- The average fee for pursuing an MSc in Finance can be between INR 5000 to 5,00,000 which varies depending upon the College/University.
- After completing the course, candidates can pursue various high-profile job opportunities such as Investment Banker, Business Analyst, Market Analyst, and Financial Analyst in private and government sectors.
- Some of the popular companies that hire graduates in this field include HDFC, HSBC, Google, Flipkart, Amazon, and many others.
- The average salary for an entry-level graduate can be around INR 2 - 10 LPA which can grow up to INR 17 LPA with experience and expertise.
MBA Finance
MBA Finance is a 2-year postgraduate degree course which is offered which imparts knowledge of management studies, finance, and investment. MBA Finance mainly focuses on the fundamentals of finance, auditing, capital management, accounting, and risk assessment. MBA Finance courses are offered through Full-time, Part-time, Online, and Distance Education modes.
- Candidates wishing to opt for an MBA in Finance must have completed their graduation in any stream securing at least 50% marks from any recognized University.
- Admission to most of the top MBA Finance colleges in India is offered based on the scores of the Management Entrance exams such as CAT, ATMA, MAT, GMAT, etc. followed by a GD/PI round.
- The average cost for pursuing full-time MBA Finance in India can be around INR 8 - 24 lakhs whereas for Distance MBA Finance it can be between INR 50,0000 - 1.5 lakhs from Top Distance MBA colleges in India.
- After successful completion of the course, graduates can land a variety of lucrative and highly-paid job opportunities in India as well as Abroad.
- Most of the top MBA colleges in India offer placement opportunities to their students, however, graduates in this field are mostly hired by Morgan Stanley, Amazon, Matrix Partners, JP Morgan, etc.
- The average salary one can expect as a fresher can be around INR 7 - 12 LPA which can grow up to INR 15 LPA with 3-4 years of experience.
See More: MBA Financial Management
Master in Finance Courses Admission Process
Master in Finance courses admission process varies from college to college and admission is done through merit-based and entrance exams. Most of the top colleges offer Masters courses in Finance admissions through entrance exams such as CAT, XAT, SNAP, MAT, ATMA, etc.
For merit-based admission, candidates are selected based on their scores in their bachelor's degree while for entrance-based admission candidates are required to take part in the counseling process. Shortlisted candidates based on merit-based or Entrance-Based may be required to face group discussions or Personal interview rounds.
The admission procedure to pursue Distance or Online Master courses in Finance is very simple. For admission, aspirants must fulfill the eligibility criteria for the course and have valid Management Entrance exam scores. One can easily enroll for these courses just by filling out the application form on the official website of the Institute and making fee payments.
Check: MBA Finance Admission 2024
Eligibility Requirements for Master in Finance Courses
- Candidates must have completed their graduation degree in any stream preferably (Commerce or Accounting) with at least 50% marks from a recognized University.
- Aspirants are required to qualify for entrance exams such as CAT, ATMA, MAT, GMAT, etc. conducted at the national or state level or by the University.
- Shortlisted candidates in merit-based or Entrance-Based may also be required to face Group discussion or personal interview rounds for admission.
- For some courses, candidates may ask for working experience and candidates with experience are given preference over others.
- For Online and Distance Master courses in Finance candidates just require valid entrance exam scores and a bachelor's degree.
Master in Finance Courses Top Colleges
Master courses in Finance are mostly offered by Top Management Colleges in India. MBA Finance is one of the most sought-after postgraduate Master's courses in Finance. Tabulated below are some of the top colleges/universities offering master's courses in Finance.
| College Name | Average Fees |
|---|---|
| Indian Institute of Management, Kozhikode | INR 10 lakhs |
| IIM Trichy | INR 9.2 lakhs |
| Jamnalal Bajaj Institute of Management Studies, Mumbai | INR 4 - 8 lakhs |
| Xavier Institute of Management, Odisha | INR 3 - 6 lakhs |
| Lady Shri Ram College for Women, New Delhi | NA |
| Loyola College, Chennai | INR 48,000 |
| SRCC, New Delhi | INR 60,000 - 80,000 |
| Hindu College, New Delhi | INR 15,000 |
| DOMS IIT Madras | INR 8,00,000 |
| Ahmedabad University | INR 2,50,000 |
| Woxsen University, Hyderabad | INR 17,50,000 |
| Bundelkhand University, Jhansi | INR 42,000 |
Also Check: Diploma and PG Diploma in Finance Courses
Master in Finance Courses Skills
To become successful and develop a good career in this field, candidates must possess certain skills and abilities that would help them to tackle problems in the future. Master in Finance courses not only help the students to gain knowledge in Finance but also enhance the skills of the students. Some of the necessary skills that are required for Master in Finance courses are given below in the table chart:
| Good Research for Analysis | Knowledge of Computer Technique |
| Communication Skills | Planning Skills |
| Decision Making | Market Knowledge |
| Marketing Skills | Analytical Skills |
Also Check: Certified Financial Planner (CFP)
Master in Finance Courses Jobs
Candidates after successful completion of the Masters courses in Finance can find lucrative and highly paid jobs in top-notch companies in private as well as government Finance sectors. The average salary one can expect after completing master's courses in Finance at the start of their career can be around INR 12 - 18 LPA depending upon the company.
Candidates can pursue high-profile job opportunities such as Investment Banker, Financial Analyst, Credit Manager, Financial Risk Manager, etc. Some of the top recruiters of the graduates of Master in Finance courses include Morgan Stanley, HDFC, Aditya Birla, JPMorgan, and many others. Tabulated below are some of the top job profiles one can pursue with their job description and average salaries:
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Investment Banker | Investment Bankers are responsible for looking for different opportunities for investing in a company's corporate or personal finances to get the maximum return. | INR 9.70 Lakhs |
| Financial Analyst | Financial Analysts are responsible for seeing where a company's share and money have been invested and how often that investment needs to be changed so that they a by giving advice to to decision-makers of the company | INR 5.20 Lakhs |
| Credit Manager | Their main duty is to take legal action against people who have not been able to pay the company money. The other work that the credit manager does is to re-plan the payment method for the easiest way of payment to complete | INR 5.90 Lakhs |
| Financial Risk Manager | Their work is to keep in check the finances of the company and to save the company from any risk of credible risk in future financially | INR 11.50 Lakhs |
See More: Chartered Financial Analyst (CFA)
Master in Finance Courses: FAQs
Ques. How many years is a master's degree in finance?
Ans. Master's Degree courses in Finance are usually hired for the duration of 2 years however Online and Distance master courses in Finance are offered for 2-3 years.
Ques. Can I do a master's in Finance in India?
Ans. Yes, one can pursue Masters courses in Finance in India. There are several courses offered with specializations in Finance. Some of the popular Master in Finance courses are Master in Finance and Control, MBA Finance, and MCom.
Ques. Which is the best course in Finance in India?
Ans. MBA Finance, Chartered Wealth Management (CWM), and Chartered Alternative Investment Analyst (CAIA) are considered some of the best courses in Finance in India.
Ques. Is MSc Finance a good course?
Ans. Yes, MSc Finance is a good course. MSc Finance is widely accepted across the world and has an excellent reputation worldwide. After completing the course candidates can find highly paid jobs in finance sectors such as asset management, investment banking, and consulting.
Ques. Which is the toughest course in finance?
Ans. According to various sources, Chartered Financial Analyst (CFA) is considered the toughest course in finance.
Ques. Is an MBA in finance worth it in India?
Ans. MBA in Finance offers many advantages to the candidates. An MBA Finance degree opens a door to a wide range of job opportunities for career growth. With an MBA in Finance, one can work in technology, finance, management, marketing, or manufacturing companies.
Ques. What is the syllabus for Master courses in Finance?
Ans. The syllabus for Master's courses in Finance includes core finance topics such as corporate finance, accounting, econometrics, financial modeling, investment management, capital markets, and financial regulation.
Ques. Can I study finance without maths?
Ans. Yes, candidates can pursue various Master's courses in Finance without Maths, however, one should have a strong understanding and grip on Statistics.
Ques. Which college is best for MBA Finance in India?
Ans. Some of the best colleges for MBA Finance in India are listed below:
- SP Jain, Mumbai
- Narsee Monjee, Mumbai
- Lal Bahadur Shastri Institute of Management, Delhi
- Xavier Institute of Social Service (XISS) Ranchi
- K J Somaiya Institute, Mumbai
- National Institute of Bank Management, Pune
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