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

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Post Graduation

Updated On - January 5th 2019 By PRANJAL SINGHAL

MBA in Wealth Management Colleges, Syllabus Jobs and Salary

MBA in Wealth Management is a 2- year full- time course divided into 4 semesters, with each semester lasting a period of 6 months. Wealth management is a sophisticated  professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning for one set fee.

Clients work with a single wealth manager who coordinates input from financial experts and subsequently includes coordinating advice from the client's own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities. Wealth management is more than just investment advice, as it encompasses all aspects of an individual’s financial life.

The underlying idea of the concept of wealth management is that rather than trying to integrate pieces of advice and various products from a series of professionals, individuals with high net worth benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own or their family's current and future needs.

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While the role of a wealth manager is to provide services in aspects of the financial field, some choose to specialize in particular areas. This may be based on the expertise of the wealth manager in question or the primary focus of the business within which the wealth manager operates.

The average annual course fee in India ranges between INR 35,000 to 1,40,000, depending upon the institute offering the course. The basic eligibility criterion to pursue the course is graduation completed from a recognized university with a minimum aggregate score of 60%.

The average annual starting salary offered in India to successful postgraduates of the course ranges between INR1 to 9 lacss depending upon the candidate’s expertise in the field.

Top Colleges for Master of Business Administration [MBA] (Wealth Management)

MBA in Wealth management: Course Highlights

Listed below are some of the major highlights of the course.

Course LevelPost-graduate
DurationTwo Years
Examination TypeSemester System
EligibilityGraduation from a recognized university
Admission ProcessCounselling after taking Entrance Examination
Course FeeINR 35,000 to 1,40,000
Average Starting SalaryINR 1 to 9 lacs

Eligibility for MBA in Wealth Management

The minimum requirement of eligibility for admission to this program is the completion of a 3- year Bachelor’s degree or equivalent qualification completed from a recognized university in any discipline with at least 60% marks in aggregate.

MBA in Wealth Management: Admission Process

Admission to the course is based on the candidate’s performance in one of the relevant entrance tests conducted in the country, such XAT, CAT, GMAT, Xavier GMAT (X-GMT), and NMAT by GMAC.

Shortlisted candidates are subsequently called for the round of personal interview based on their performance in the entrance test.

Final selections are based on the candidate’s score in the entrance test and interview, past academic record, and relevant work experience.

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Top Institutes Offering MBA in Wealth Management

Some of the top institutes offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.

COLLEGE NAMECITYAVERAGE ANNUAL FEE
M.M. institute of managementHaryanaINR 60,000
SVIITChandigarhINR 35,000
Venkateshwara open universityNagpurINR 62,000
MIT school of distance managementPuneINR 48,500
Venkateshwara open universityMumbaiINR 53,200

MBA in Wealth Management: What is it About?

Wealth Managers are responsible for developing a plan aimed at maintaining and increasing the client's wealth based on that individual's financial situation, goals and comfort level with risk. After the original plan is developed, the manager meets regularly with clients to update goals, review and rebalance the financial portfolio, and investigate whether additional services are needed, with the goal of remaining in the client’s service throughout his lifetime.  A further defining quality of wealth management is that it is delivered in a consultative manner.

By being consultative, Wealth Managers are essentially client- centred, interacting with clients without any presupposition about what financial products or services are appropriate for that affluent individual. While it is common for a wealthy individual to be consulting with a Wealth Manager to address a particular need, the consultative Wealth Manager’s overriding objective is to understand the person and find out what’s important and for what reasons, and to bring in the appropriate experts and provide the appropriate financial services.

MBA in Wealth management: Career Prospects

Professionals of the course are exposed to a variety of business, strategy and market- related assignments, and trained in the requisite skills needed for asset management and delivery of estate and trust services to affluent clients around the world. Generalists of the discipline dabble in a number of business units including RBC Global Asset Management, RBC Dominion Securities and other emerging markets divisions.

Enrolled students are trained in leadership, problem-solving and communication skills, and offered practical training and coaching from industry leaders.

Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.

Annuala Salary in Wealth management
JOB POSITIONJOB DESCRIPTIONAVERAGE ANNUAL SALARY IN INR
Investment AnalystInvestment Analysts are responsible for providing stockbrokers, fund managers and stock market traders with financial information, advice and recommendations derived from global investment data.INR 5,28,000
Wealth ManagerWealth Managers are responsible for functioning in a wide range of fields, such as financial planning, investment management, and financial advice on pensions, trusts, inheritances, and tax bands. Often, wealth management services are offered by high street banks with the aim of attracting high-value customers.INR 8,54,000
Relationship ManagerRelationship Managers are responsible for primarily dealing with individual retail customers and advising them on various banking and financial products and services offered by the bank. A wholesale Relationship Manager would be catering to the corporate clients like SME's or large corporations.INR 3,83,000
Equity AnalystEquity Analysts are responsible for providing analyses on securities information to Portfolio Managers to aid in the investment process. The purpose of the research is to aid in trading strategies and portfolio selection.INR 3,97,000
Senior Investment ManagerSenior Investment Managers are responsible for providing research and information to help traders, fund managers, and stock brokers make decisions about investments. The information they provide ensures investment portfolios are well managed and that potential investment opportunities are highlighted. Some analysts work for investment management companies, providing information to in-house fund managers, others work for stockbrokers and investment banks, where their research is needed by Portfolio Managers or by clients who make their own investment decisions.INR 1,80,000

MBA in Wealth Management: Syllabus and Course Description

A semester- wise breakup of the course’s syllabus is tabulated below.

SEMESTER 1

Financial management
Business environment
Managerial economics
Organizational behavior
Human resource management
Quantitative techniques

SEMESTER 2

Strategic management
Marketing management
Management information system
Production and operation management
Research methodology for management decision
Accounting for managers

SEMESTER 3

Operations management
Legal aspects of business
Banking and finance
Legal framework and finance
Financial institutions and banking
Risk management

SEMESTER 4

Investment planning and management
Financial planning and mutual fund products
Retirement solution
Security analysis
Portfolio management
Constructing financial plans and wealth management

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MASTER OF BUSINESS ADMINISTRATION [MBA] (WEALTH MANAGEMENT) COLLEGES IN INDIA

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