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

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Post Graduation

Updated On - November 2nd 2019 By SABEER CHALANA

MBA (Master of Business Administration) in Finance Course Jobs, Colleges, Subjects, Scope and Salary

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:

  • Ernst & Young
  • HSBC
  • Genpact
  • Accenture

Quick Links

MBA in Finance EligibilityMBA in Finance Jobs
MBA in Finance SyllabusMBA in Finance Colleges
MBA in Finance SalaryMBA Entrance Exams

MBA in Finance: Course Details

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

Course LevelPostgraduation
Program Duration2 years
Associated Key SkillsCapital Management, Asset Development, Fund Management, Risk Management among others.
EligibilityA bachelor’s degree in any discipline. Different institutes might have some additional eligibility criteria.
Admission ProcessEntrance Test + Group Discussion / Personal Interview
Top Entrance ExamsCAT, XAT, NMAT, CMAT, SNAP, MAT etc. Management Entrance Exams in India
Program FeeVaries from INR 4 to 20 Lacs
Average Starting Salary after the ProgramINR 5-9 Lacs
Top Recruiting Companies Ernst & Young, Genpact, ICICI, HDFC, HSBC

MBA in Finance: What is it about?

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:

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

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.

MBA in Finance: Definition

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.

MBA in Finance: Benefits

  • Students gain the business and financial skills needed to work in a number of the enterprises.
  • The finance sector has one of the finance careers for MBA aspirants.
  • MBA in Finance provides foundation education in statistics,economics,strategy and marketing.
  • Placement in banks, financial institutions, financial consultation, colleges,universities and various private and government companies.
  • Handsome salary packages are offered.
  • Landing to the top managerial posts and becoming your own boss is like cherry on the cake.
  • Large number of business networks are availed in this field.
  • Own venture can also be established.
  • It will further open new doors of thriving career opotunities.
  • Experience of the corporate firms and understand of the work culture can be gained.

MBA in Finance: Purpose

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.

MBA in Finance: Process

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.

MBA in FInance: Prerequisites

  • Investment Strategy
  • Understanding of local and global economy
  • Mergers and Acquisitions
  • Corporate and financial risk management
  • Hedge Fund Management

MBA in Finance Syllabus

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.

MBA in Finance: Syllabus

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 BehaviourQuantitative Analysis of Financial Decisions
Quantitative MethodsSecurity Analysis and Investment Management
Managerial EconomicsPortfolio Management
Financial AccountingInternational Financial Management
Marketing ManagementManagement of Financial Services
Human Resource ManagementManagement Control System
Business CommunicationCorporate Taxation
Information Technology ManagementFinancial Derivatives Project Planning
Organization Effectiveness and ChangeAnalysis and Management
Management ScienceRisk Management
Economic Environment of BusinessFixed Income Securities
Financial ManagementCorporate Governance
Management AccountingFinancial Reporting
Production and Operations Management-
Management of Information System-
Marketing Research-

Additional Electives

Behavioural FinanceFinancial Markets
Business Analysis and ValuationFinancial Modeling Using Excel
Capital Expenditure Planning and ControlFinancial Risk Management
Commercial BankingFinancial Technical Analysis and Introduction to Global Intermarket Analysis
Commodities Derivatives MarketFixed Income Securities
Corporate TaxationIndian Accounting Standards
Financial Analysis, Planning and ControlInternational Business Economics
Financial Decision Making under Information AsymmetriesInternational Financial Management
Issues in Empirical FinanceMergers, Acquisition and Corporate Restructuring
Risk Management and InsuranceSecurity Analysis and Portfolio Management
Social Finance, Impact Investing & InsuranceStructured Finance

MBA in Finance: Colleges

Some of the top MBA in Finance Colleges in India are mentioned below: 

Public

B SchoolProgram NameEligibilitySelection Criteria
Indian Institute of Management, Ahmedabad (IIM-A)Post Graduate Program in ManagementBachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT, Work Experience
Indian Institute of Management, Bangalore (IIM-B)Post Graduate Program in ManagementBachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT, Work Experience
Indian Institute of Management, Calcutta (IIM-C)Post Graduate Program in ManagementBachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT, Work Experience
Indian Institute of Management, Lucknow (IIM-L)Post Graduate Program in ManagementBachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT, Work Experience
Faculty of Management Studies, Delhi (FMS Delhi)MBABachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT, Work Experience

Private

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

B SchoolProgram NameEligibilitySelection Criteria
Xavier's Labour Research Institute Jamshedpur (XLRI)Post Graduate Diploma in ManagementBachelor's Degree with at least 50% marks or equivalent CGPAXAT Score, GD, PI, Work Experience
S.P. Jain Institute of Management and Research, Mumbai (SPJIMR Mumbai)Post Graduate Diploma in ManagementBachelor's degree or equivalent (10+2+3) from a recognized universityCAT/XAT/GMAT Score, WAT, Psychometric Test, Interview
Management Development Institute, Gurgaon (MDI)Post Graduate Program in ManagementBachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT, Work Experience
Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)Masters in Management StudiesBachelor's Degree with at least 50% marks or equivalent CGPACAT Score, GD, PI, WAT
Narsee Monjee Institute of Management Studies, Mumbai (NMIMS Mumbai)MBABachelor's Degree with at least 50% marks or equivalent CGPANMAT Score, GD, PI
Symbiosis Institute of Business Management, Pune (SIBM Pune)MBABachelor's Degree with at least 50% marks or equivalent CGPASNAP Score, GD, PI, WAT
ICFAI Business School, HyderabadMBA/PGPMBachelor's Degree with at least 50% marks or equivalent CGPAIBSAT Score, NMAT Score, CAT Score, GD, PI

MBA in Finance: Fee Structure

CollegesLocationAverage Annual Fee
Indian Institute of ManagementAhmedabadINR 11,50,000
Indian Institute of ManagementBangaloreINR 8,00,000
Indian Institute of ManagementCalcuttaINR 10,00,000
Indian Institute of ManagementLucknowINR 6,00,000
Faculty of Management StudiesNew DelhiINR 93,500
Xavier's Labour Research InstituteJamshedpurINR 11,50,000
S.P. Jain Institute of Management and ResearchMumbaiINR 16,85,000
Management Development InstituteGurgaonINR 10,85,000
Jamnalal Bajaj Institute of Management StudiesMumbaiINR 50,000
Narsee Monjee Institute of Management StudiesMumbaiINR 6,85,000
ICFAI Business SchoolHyderabadINR 7,00,000
Symbiosis Institute of Business ManagementPuneINR 8,73,000

MBA in Finance- Work Experience

MBA in Finance: Eligibility Criteria

Following are the MBA in Finance eligibility criteria:

  • Graduation in any discipline obtained through a 10+2+3 system or an equivalent qualification.
  • A minimum aggregate of 50% marks or an equivalent CGPA.
  • The institutes should be incorporated by an act of the central or the state government.
  • A relaxation of 5% is offered in marks to the students of SC/ST candidates.

MBA in Finance: Admission Process

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.

MBA Finance Admission Process

MBA in Finance: Entrance Tests

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:

MBA in finance Entrance Exams

MBA in Finance: Selection Procedure

The selection process for most of the B-schools includes the 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 the further rounds.
  • GD/PI/WAT- After shortlisting candidates on the basis of the test score, the 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, the academic performance of the student is also considered in the final selection. Following is the process followed by most of the institutes in the final selection:
CriteriaWeightage
Entrance Test Score60-70%
Academic Performance10-15%
GD/PI/WAT5-10%
Work Experience5-10%

MBA in Finance: Scope

The following table lists some of the top companies which hire MBA in Finance graduates and the average package they offer:

CompanyAverage Package
Ernst & YoungINR 2,50,000-13,00,000
GenpactINR 2,00,000-7,50,000
AccentureINR 2,65,000-10,00,000
HDFCINR 2,00,000-6,00,000
HSBCINR 3,00,000-20,00,000

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:

  • Asset Management
  • Corporate Finance and Corporate Banking
  • Credit Risk Management
  • Derivative Structuring
  • Hedge Fund Management
  • Private Equity
  • Treasury

Related MBA in Finance Courses are:

Read More About MBA Courses

The distribution of MBA graduates recruited in various sectors is:

MBA in Finance

MBA in Finance: Salary Trends

Below is an estimate of the average salary package offered to students from top Management Institutions to average Management Institutions:

MBA in Finance

The following graph shows the lowest, median and highest salary offered to MBA Finance graduates in INR Lakhs.

Average annual salary vs Job Profiles

Gender as a Key Factor in MBA Finance Salary Packages

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 Ratio

GenderAverage Salary Range
Women190,000 INR – 750,000 INR
Men210,000 INR – 1,000,000 INR

MBA in Finance: FAQs

Ques. Is MBA in Finance or MBA in Marketing better?

Ans.Following are the skills required for MBA in Finance

  • Individual with Commerce background is preferable.
  • Candidate must posses stock market awareness
  • Knowledge regarding financial instruments
  • Posses 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.How can I earn a highly ranked MBA online?

Ans.We can get online MBA  from the following universities-
  • Amity University
  • Venkateshwara Open University
  • Don Bosco University
  • ITM University
  • Jaipur National University
  • Pondicherry University
  • Karnataka State Open University
  • National Institute of Business Management
  • Symbiosis Institute of Distant Learning

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?

Ans. Following are the main points to be kept in mind while becoming finance professionals-
  • Know whether the transition is workable.
  • Brush up your Excel skills.
  • Work with a recruiter.
  • Find a mentor.

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