Master of Business Administration [MBA] (Finance) - Course Overview

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Post Graduation

    MBA (Master of Business Administration) Finance Course, Fees, Syllabus, Distance Learning, Jobs & Scope 2020-2021

    Atrisa Dutta Atrisa Dutta
    Content Curator

    What is MBA Finance?

    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.

    Alert: AICTE has released updated guidelines for MBA Admission Process 2020-21 due to Covid 19. Read more about this.

    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 FormMaster of Business Administration in Finance
    Course LevelPostgraduate
    Course Duration2 years
    ExaminationSemester
    EligibilityMinimum 50-60% in Bachelors Level
    Admission ProcessEntrance Exams
    Average FeesINR 3-8 LPA
    MBA Finance SubjectsFinancial Accounting, Financial Management, Management Accounting, Financial Reporting, Financial Markets, etc
    MBA Finance JobsFinancial Consultant, Finance Manager, Business Analyst, Accounting Manager, Bank Manager, Corporate Controller, Relationship Manager, etc.
    Average SalaryINR 4-10 LPA
    Top RecruitersHSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, etc.
    MBA Finance ScopeMBA 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

    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, 2020CollegeAdmission ProcessAverage Fees (INR)Average Placement (INR)
    5Indian Institute of Technology KharagpurEntrance-Based3,14,00016.29 LPA
    6Indian Institute of Management KozhikodeEntrance-Based8, 07, 00020 LPA
    7Indian Institute of Management IndoreEntrance-Based50,00011 LPA
    12Indian Institute of Technology RoorkeeEntrance-Based4, 17, 00010 LPA
    13National Institute of Industrial EngineeringEntrance-Based1, 04,00012.40 LPA
    Top MBA Finance Colleges_ Fees and Salary

    Source: Official websites

    Check More:

    MBA Finance Colleges in DelhiMBA Finance Colleges in BangaloreMBA Finance Colleges in Lucknow
    MBA Finance Colleges in PuneMBA Finance Colleges in NoidaMBA Finance Colleges in Hyderabad

    Latest: Registration for MAT IBT Mode September session started, last date to apply for phase 1 is August  23, 2020. Apply Now

    MBA Finance Eligibility

    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.

    In 2019, more than 2.44 Lakhs students applied for the CAT exam, making it one of the top MBA entrance exams. Other entrance exams include MAT, XAT, GMAT, SNAP, etc

    Some of the top MBA Finance entrance exams are tabulated below.

    MBA entrance examsConducting BodyRegistration (Tentative)Exam Dates (Tentative)Exam Mode
    CATIndian Institute of Management (IIM)August 7-September 25, 202022 Nov 2020Computer-Based Standardized Test
    XATXLRI, JamshedpurThird week of August 2020-Last week of November 2020(without late fee)/ Second week of December 2020(with late fee)First week of January 2021Online
    CMATNational Testing Agency (NTA)1st week of November 2020- 2nd Week of December 20204th Week of January 2021Online
    GMATGraduate Management Admission Council (GMAC)May 2021June to July 2021Computer Based
    ATMAAssociation of Indian Management Schools (AIMS)February 2021July 2021Computer Based
    SNAPSymbiosis International (Deemed University)Second week of August, -Third week of November, 2020Second Sunday of December, 2020Computer-based
    NMATGraduate Management Aptitude Council October 5-October 16, 2020December 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 AbilityVerbal AbilityLogical Reasoning and Data Interpretation
    GeometryReading ComprehensionArrangements
    MensurationCritical ReasoningVenn Diagrams
    Permutations & CombinationVocabularySelections & Ordering
    Probability, Progressions and MatricesPara JumblesDI based reasoning
    InequalitiesOdd sentence outTables, 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.

    Important Links:

    CAT 2020 MOCK TESTMAT 2020 SAMPLE PAPERSXAT 2021 PRACTICE PAPERS
    GMAT 2020 PRACTICE PAPERSCMAT 2021 PRACTICE PAPERSSNAP 2019 PRACTICE PAPERS
    MBA Finance Skill
    MBA Finance Syllabus

    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:

    Core Subjects
    Organizational BehaviourManagement Science
    Quantitative MethodsEconomic Environment of Business
    Managerial EconomicsFinancial Management
    Financial AccountingManagement Accounting
    Marketing ManagementProduction and Operations Management
    Human Resource ManagementManagement of Information System
    Business CommunicationMarketing Research
    Information Technology ManagementOrganization Effectiveness and Change

    MBA Finance Elective Subjects

    Elective Subjects
    Quantitative Analysis of Financial DecisionsSecurity Analysis and Investment Management
    Portfolio ManagementInternational Financial Management
    Management of Financial ServicesManagement Control System
    Corporate TaxationFinancial Derivatives Project Planning
    Risk ManagementFixed Income Securities
    Corporate GovernanceAnalysis and Management
    Financial ReportingFinancial Markets
    Business Analysis and ValuationFinancial Modeling Using Excel
    Commercial BankingFinancial Risk Management
    Capital Expenditure Planning and ControlCorporate Taxation
    International Business EconomicsFixed Income Securities
    Financial Analysis, Planning and ControlIndian Accounting Standards
    Commodities Derivatives MarketIssues in Empirical Finance

    Read More: MBA Finance Syllabus

    MBA Finance

    MBA Finance Distance Learning

    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 NameLocationAverage Fees
    IGNOUNew DelhiINR 10,800
    Symbiosis Centre for Distance LearningPuneINR 92,000
    Institute of Management Technology Centre for Distance Learning (IMT-CDL)GhaziabadINR 1,11,000
    Annamalai University, Directorate Of Distance EducationKarnatakaINR 26,850
    Madurai Kamaraj University, Directorate Of Distance Education - [Mkudde]MaduraiINR 30,250
    Nmims Global Access School For Continuing Education - [Ngasce] MumbaiINR 86,000
    MBA Finance Distance Learning Colleges  Fees

    Source: University websites

    College Comparison

    Tabulated below is the comparison made between pursuing MBA Finance from IIT Kharagpur and IIM Kozhikode.

    ParametersIIT KharagpurIIM Kozhikode
    College OverviewIndian 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. 
    NIRF Ranking56
    Average Total Fees3,14,0008, 07, 000
    Average Placement16.29 LPA20 LPA
    Top Recruiting CompaniesDeloitte, 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.
    IIT Kharagpur vs IIM Kozhikode  Fees and Salary

    Source: Official websites.

    MBA Finance vs MS Finance

    MBA Finance vs MS Finance: What is the Difference?

    The table below highlights some of the major differences between MBA Finance and MS Finance.

    ParametersMBA FinanceMS Finance
    QualificationMaster of Business Administration in FinanceMaster of Finance
    Course OverviewMBA 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 domainMS 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.
    Duration2 years.2 years.
    EligibilityGraduation with at least 50% marks in any streamGraduation in any stream
    Admission ProcessEntrance ExamEntrance Exams, Direct Admission is also offered in some private colleges.
    Average Annual FeesINR 3-8 LPA.INR 50,000- 80,000
    CollegesTop 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 SalaryINR 4-12 LPAINR 3-9 LPA
    MBA Finance vs MS Finance  Fees and Salary

    Source: University websites and Payscale

    MBA Finance Jobs & Future Scope

    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
    • Treasury

    The table below shows some of the common MBA Finance Jobs along with the Average Salary Scale:

    Job PositionJob DescriptionAverage Salary
    Financial AnalystA 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 ManagerA Relationship Manager is responsible for the overall relationship of the company in terms of business and finance.INR 5.99 LPA
    Business AnalystA Business Analyst provides suggestions based on the insights from the data for increased financial gain of the company.INR 6.07 LPA
    Accounting ManagerAccounting 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 ManagerA Bank Manager is responsible for overall supervising and managing the bank in all the departments.INR 7.32 LPA
    Operations ManagerAn Operations Manager is responsible for the smooth functioning and running of the Operations dept of the company.INR 7.78 LPA
    Finance ManagerA Finance Manager is responsible for reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecastsINR 9.99 LPA
    Management ConsultantA Management Consultant usually provides insights and guides in the process of managing business and taking it forward.INR 11.44 LPA
    Corporate ControllerA 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
    MBA Finance Salary Trend

    Source: Payscale

    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.

    Lastly, there are many certification courses which qualify for their career growth such as CFA,PMP, CRMA, etc. 

    Read More:MBA Finance Jobs and Future Scope

    MBA Finance: FAQs

    MBA Finance: FAQs

    Ques. Is MBA Finance or MBA in Marketing better?

    Ans. Following are the skills required for MBA in Finance
    • 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?

    Ans. We can get online MBA  from the following universities: 

    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?

    Ans.  No, Indian Institute of Management Ahmedabad does not offer MBA Finance. However, if you are willing to study MBA Finance from any of the IIM, then look for IIM Kozhikode and IIM Indore.

    Ques.  What is the average cost of admission to MBA Finance?

    Ans. The average cost to study MBA Finance in India ranges from INR 3-8 LPA.

    Ques. What is the eligibility to pursue MBA Finance?

    Ans. Any graduate with 50% marks from a recognized board is eligible to apply for MBA Finance. However, final  year students can also apply.

    Ques. What is the MBA Finance admission process in India?

    Ans. Admission to MBA Finance is offered through entrances followed by Group Discussions, WAT and Personal Interview rounds.

    Ques. Does MBA Finance contain more of the theoretical part or accounts part?

    Ans. It contains subjects like Organisational Behaviour, Quantitative Techniques, Financial Management, Security Analysis and Portfolio Management etc. which can be called subjects from the Accounts stream. 

    Ques. What are some of the top MBA Finance jobs ?

    Ans. Some of the top MBA Finance jobs are 

    • Financial Manager

    • Accounting Manager

    • Business Analyst

    • Senior Financial Analyst

    • VP of Corporate Finance, and much more.

    Ques. What is MBA Finance Scope ?

    Ans. Financial Management is one of the important aspects of any business, hence getting an advanced degree in Finance such as MBA (Finance) will help you a lot in your career growth and development. The opportunities of jobs are higher as compared to other specializations because of strong emphasis in the finance field.

    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?

    Ans. After completing MBA Finance, one can either make a career in the job sector of the finance domain or can go for higher studies in  Ph.D. in management courses, CFA, PMP, CRMA, etc. 

    Master of Business Administration [MBA] (Finance) Fee Structure in India


    5.55 K (Minimum Fee)PUBLIC COLLEGES13.5 L (Maximum Fee)
    2.56 L (Average Fee)
    1.4 K (Minimum Fee)PRIVATE COLLEGES19 L (Maximum Fee)
    2.34 L (Average Fee)

    Master of Business Administration [MBA] (Finance) Fee Structure by State


    Uttar Pradesh

    1.36 LPUBLIC COLLEGES2.59 L
    1.92 L
    2.2 KPRIVATE COLLEGES18.6 L
    2.24 L

    Tamil Nadu

    14.5 KPUBLIC COLLEGES8 L
    1.86 L
    26 KPRIVATE COLLEGES14.47 L
    1.86 L

    Karnataka

    48 KPUBLIC COLLEGES13.5 L
    5.55 L
    45 KPRIVATE COLLEGES16.2 L
    3.84 L

    Delhi NCR

    1.75 LPUBLIC COLLEGES7.2 L
    4.21 L
    60 KPRIVATE COLLEGES14.75 L
    2.87 L

    Maharashtra

    32.5 KPUBLIC COLLEGES12.9 L
    5.1 L
    36.19 KPRIVATE COLLEGES19 L
    3.29 L

    Madhya Pradesh

    44.4 KPUBLIC COLLEGES3.55 L
    1.68 L
    24 KPRIVATE COLLEGES3.55 L
    1.1 L

    Telangana

    30 KPUBLIC COLLEGES2 L
    96 K
    1.4 KPRIVATE COLLEGES14.04 L
    1.81 L

    Andhra Pradesh

    11.7 KPUBLIC COLLEGES56.6 K
    39.33 K
    8.04 KPRIVATE COLLEGES13.45 L
    1.07 L

    Rajasthan

    1.6 LPUBLIC COLLEGES1.79 L
    1.69 L
    10.22 KPRIVATE COLLEGES8.05 L
    2.25 L

    Gujarat

    12 KPUBLIC COLLEGES9.52 L
    2.41 L
    12 KPRIVATE COLLEGES10.04 L
    1.8 L

    Haryana

    25.8 KPUBLIC COLLEGES7.2 L
    3.14 L
    60 KPRIVATE COLLEGES11.54 L
    2.44 L

    Punjab

    50 KPUBLIC COLLEGES1.97 L
    1.28 L
    1.2 LPRIVATE COLLEGES8.08 L
    1.9 L

    Kerala

    50 KPUBLIC COLLEGES6.6 L
    2.25 L
    41.33 KPRIVATE COLLEGES6.6 L
    2.79 L

    Orissa

    33.03 KPUBLIC COLLEGES6.6 L
    2.03 L
    1 LPRIVATE COLLEGES8.8 L
    2.1 L

    West Bengal

    47.5 KPUBLIC COLLEGES10.8 L
    3.57 L
    1.8 LPRIVATE COLLEGES9.35 L
    4.69 L

    Uttarakhand

    1.56 LPUBLIC COLLEGES13.34 L
    6.62 L
    80 KPRIVATE COLLEGES13.34 L
    3.13 L

    Chhattisgarh

    59.2 KPUBLIC COLLEGES1.96 L
    1.28 L
    37.5 KPRIVATE COLLEGES5.6 L
    2.04 L

    Jharkhand

    5.55 KPUBLIC COLLEGES2.55 L
    89.9 K
    2.11 KPRIVATE COLLEGES5.54 L
    2.53 L

    Assam

    1.56 LPUBLIC COLLEGES1.56 L
    1.56 L
    37.99 KPRIVATE COLLEGES4.81 L
    1.89 L

    Himachal Pradesh

    19.45 KPUBLIC COLLEGES3 L
    1.88 L
    38.4 KPRIVATE COLLEGES10.34 L
    3.09 L

    Bihar

    1.08 LPUBLIC COLLEGES1.6 L
    1.26 L
    1.2 LPRIVATE COLLEGES3.41 L
    1.97 L

    Puducherry

    24.93 KPUBLIC COLLEGES1.45 L
    85.12 K
    84.35 KPRIVATE COLLEGES1.1 L
    97.18 K

    Sikkim

    3.16 LPUBLIC COLLEGES5.5 L
    4.33 L
    85 KPRIVATE COLLEGES5.55 L
    3 L

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