Among the most sought-after specializations in the field of Management, MBA in Finance is a 2-year postgraduate degree course. The course is offered by some of the best institutes in India.
The eligibility for pursuing MBA in Finance is 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).
The admissions to the course are done through both entrance exams and on the basis of merit lists. Popular MBA entrance exams are:
However, some colleges and universities also admit students through management quota. The average MBA in Finance Fees charged by institutes ranges between INR 4-20 Lacs.
Top institutes offering MBA in Finance are:
MBA in 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.
Starting from the principles and practices of management to managerial economics and management of a bank, the course is all-inclusive and well-rounded as far as the managerial and technical aspects in the financial sector are concerned.
Aspiring to study MBA in Finance in Delhi NCR? Check Top Colleges in Delhi NCR offering MBA in Finance course.
The course is best suited for those who wish to work in the financial sector such as insurance and mutual funds among others.
The average starting MBA in Finance Salary can range anywhere between INR 5-9 Lacs per annum. Candidates entering this field get jobs and salary based upon their experience and expertise in the field of management and finance. Some of the top companies offering MBA in Finance Jobs are:
|MBA in Finance Eligibility||MBA in Finance Jobs|
|MBA in Finance Syllabus||MBA in Finance Colleges|
|MBA in Finance Salary||MBA Entrance Exams|
Following are some highlights of a general MBA in Finance course in India:
|Program Duration||2 years|
|Associated Key Skills||Capital Management, Asset Development, Fund Management, Risk Management among others.|
|Eligibility||A bachelor’s degree in any discipline. Different institutes 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 INR 4 to 20 Lacs|
|Average Starting Salary after the Program||INR 5-9 Lacs|
|Top Recruiting Companies||Ernst & Young, Genpact, ICICI, HDFC, HSBC|
Finance Management is a crucial aspect of any business and requires trained professionals to determine the aspects of funding and investment. MBA in Finance helps students prepare for such roles by building skills like:
This degree course prepares an individual for management-level jobs in both the Banking and Finance Sector. MBA in Finance course details focus more on managerial aspects of asset management. The course is ideal for students who wish to secure managerial and leading positions in an organization.
Finance is defined as the management of money and includes the activities like investing, borrowing, lending, budgeting, saving and forcasting etc.Corporate finance also includes the tools and analysis utilised to priortise and distribute financial resources.
Financial managers are employed in banking and finance,healthcare. Overseeing the flow of cash and financial instruments. Planning and directing the activites of workers in branches and departments. Preparing reports as required by the law, regulations or the company policies.
The process of providing funds for business activities, making purchases or investing. Financial institutions like banks in the business provide capital to business consumers and investors to help them achieve their goals.
Students generally learn core MBA in Finance Subjects during the first year and later on deal with various specializations. They get options to choose from different buckets of electives and optional subjects to specialize in a maximum of 2 functional areas.
First-year MBA in Finance Subjects deal with core aspects and are commonly same, while the second year curriculum deals with electives and specialized subjects. These subjects may differ from institute to institute but are as follows:
|Core Courses (First Year)||Elective Courses (Second Year)|
|Organizational Behaviour||Quantitative Analysis of Financial Decisions|
|Quantitative Methods||Security Analysis and Investment Management|
|Managerial Economics||Portfolio Management|
|Financial Accounting||International Financial Management|
|Marketing Management||Management of Financial Services|
|Human Resource Management||Management Control System|
|Business Communication||Corporate Taxation|
|Information Technology Management||Financial Derivatives Project Planning|
|Organization Effectiveness and Change||Analysis and Management|
|Management Science||Risk Management|
|Economic Environment of Business||Fixed Income Securities|
|Financial Management||Corporate Governance|
|Management Accounting||Financial Reporting|
|Production and Operations Management||-|
|Management of Information System||-|
|Behavioural Finance||Financial Markets|
|Business Analysis and Valuation||Financial Modeling Using Excel|
|Capital Expenditure Planning and Control||Financial Risk Management|
|Commercial Banking||Financial Technical Analysis and Introduction to Global Intermarket Analysis|
|Commodities Derivatives Market||Fixed Income Securities|
|Corporate Taxation||Indian Accounting Standards|
|Financial Analysis, Planning and Control||International Business Economics|
|Financial Decision Making under Information Asymmetries||International Financial Management|
|Issues in Empirical Finance||Mergers, Acquisition and Corporate Restructuring|
|Risk Management and Insurance||Security Analysis and Portfolio Management|
|Social Finance, Impact Investing & Insurance||Structured Finance|
Some of the top MBA in Finance Colleges in India are mentioned below:
|B School||Program Name||Eligibility||Selection Criteria|
|Indian Institute of Management, Ahmedabad (IIM-A)||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|
There are some private B-schools that are also considered best in MBA Finance:
|B School||Program Name||Eligibility||Selection Criteria|
|Xavier's 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|
|Colleges||Location||Average Annual Fee|
|Indian Institute of Management||Ahmedabad||INR 11,50,000|
|Indian Institute of Management||Bangalore||INR 8,00,000|
|Indian Institute of Management||Calcutta||INR 10,00,000|
|Indian Institute of Management||Lucknow||INR 6,00,000|
|Faculty of Management Studies||New Delhi||INR 93,500|
|Xavier's Labour Research Institute||Jamshedpur||INR 11,50,000|
|S.P. Jain Institute of Management and Research||Mumbai||INR 16,85,000|
|Management Development Institute||Gurgaon||INR 10,85,000|
|Jamnalal Bajaj Institute of Management Studies||Mumbai||INR 50,000|
|Narsee Monjee Institute of Management Studies||Mumbai||INR 6,85,000|
|ICFAI Business School||Hyderabad||INR 7,00,000|
|Symbiosis Institute of Business Management||Pune||INR 8,73,000|
Following are the MBA in Finance eligibility criteria:
There are about 3700 public and private B-schools in India including the 19 prestigious IIMs. The application process in these institutes differs from institute to institute. Mostly B-schools offer admission on the basis of some entrance test.
However, there are some institutes which provide direct admission to the students and also through management quota.
There are about 15 national level entrance tests which provide an opportunity for students to pursue their MBA from their dream B-school. Some most common entrance tests are:
The application process for most of the entrance exams generally starts from July to October. Entrance tests are held at 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 of November and January.
Classes in most of the B-schools begin in July or August. Following are some brief details of these entrance tests:
The selection process for most of the B-schools includes the following steps.
|Entrance Test Score||60-70%|
The following table lists some of the top companies which hire MBA in Finance graduates and the average package they offer:
|Ernst & Young||INR 2,50,000-13,00,000|
MBA in 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 potential growth in demand for MBAs in different specialized areas.
MBA in Finance graduates usually find employment in organizations which require to maintain a balance of capital. Some of the popular working areas for Finance Graduates in an organization are:
Related MBA in Finance Courses are:
Read More About MBA Courses
The distribution of MBA graduates recruited in various sectors is:
Below is an estimate of the average salary package offered to students from top Management Institutions to average Management Institutions:
The following graph shows the lowest, median and highest salary offered to MBA Finance graduates in INR Lakhs.
With a meagre 19% of women in MBA Finance, the average salary is less for women than for men. Men make 81% of the workforce with an MBA degree in Finance. The Gender-wise average salary is as given below:
|Gender||Average Salary Range|
|Women||190,000 INR – 750,000 INR|
|Men||210,000 INR – 1,000,000 INR|
Ques. Is MBA in Finance or MBA in Marketing better?
Ans.Following are the skills required for MBA in Finance
Following are the skills required to opt for MBA in Marketing-
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.How can I earn a highly ranked MBA online?
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.Between MBA in Operations and Finance, which is more Maths sensitive?
Ans.Operations is not Maths insensitive neither it has any strong calculus but yes sure you would be dealing with various members and calculations to determine project status,demand schedules. So, it would be like general algebra type Maths.
Ques.Does MBA Finance contains more of the accounts part or the theoretical part?
Ans.It contains subjects like Organisational Behaviour, Quantitative Techniques, Financial Management, Security Analysis and Portfolio Management etc. So,it is very fine clear that it contains more of the accounts part other than the theoretical part.
Ques.How do accountants become finance professionals?