MBA in Financial Management

The MBA Finance Management program is a two-year postgraduate course that focuses on budget planning, economics, and analytics. The MBA in Finance program’s major goal is to prepare students to manage finance and accounting in any firm.

It involves abilities such as extensive data analysis, logical reasoning, and making decisions on the basis of evaluation. Candidates must have a bachelor’s degree in a relevant subject from a recognized college or university with a minimum aggregate score of 50% to be considered for this course. The training requires excellent communication skills as well as a pleasant attitude.

The average pay for fresh graduates of the degree ranges from INR 3 LPA to INR 9 LPA. The pay scale is based on the amount of experience you have in the profession. With each year of experience in the profession, salary also increases.

Although, the fees could vary from college to college but in India, MBA Financial Management college fees range from INR 1 LPA to 10 LPA. This course provides a wide range of job options. Students might opt to continue additional education in their profession in addition to looking for jobs. MBA finance graduates can work in a variety of industries, including banking and other businesses.

MBA Financial Management Highlights

Course Name	Masters of Business Administration in Financial Management
Course Level	Postgraduate
Course Duration	2 Years
Age Limit	Not-mentioned
Eligibility Criteria	Bachelor’s from any recognized university with 50% minimum aggregate
Average Fees	INR 4 to INR 18 LPA
Average Salary	INR 3.5 to INR 10 LPA
Job Roles	Senior Business Analyst, Finance Manager, Finance Analyst, Relationship Manager, etc.

MBA Financial Management Eligibility Criteria

The following are the simple qualifying requirements for MBA Finance candidates. Although, the eligibility criteria for colleges will be different.

• A bachelor’s degree in any relevant area from a recognized institution or university is required.
• To be qualified for this course, one must have a score equivalent and more than at least 50%.
• A qualifying score on the relevant entrance exam is needed of the candidate.
• Work experience is not required, however, it is strongly recommended.

Read More about MBA in International Business

MBA Financial Management Admission Process

The MBA Finance programme admissions are done on the basis of merit or entrance exams. Candidates must meet the minimal eligibility requirements, which include a bachelor’s degree and entrance exam results.

Merit-Based Admission

• Submit your application to the schools or institutions where you want to study.
• You must perform good in the Bachelor’s exams, as the results serve as the foundation for the whole admissions process.
• Colleges will release their cutoff lists in due time. Check to see if you are eligible for the course you want to take.
• Visit the college and submit all required documents if you are eligible.

Entrance-exam based Admision

• Submit your applications to the colleges where you want to study.
• Register for the admission examinations that you will need to pass in order to be admitted to the college of your choice.
• To be considered for the furthur rounds, one must get a score higher than the college’s minimum qualifying criteria.
• Following the written exam, an additional round of group discussion and personal interviews is held to determine the final merit list of applicants who have been shortlisted.
• Once all of the examinations have been completed, the colleges or universities announce the results and release a merit list of students who are finally selected for the admission.
• After that, selected candidates have to allot their seats by submitting the tuition fees.

Popular MBA Financial Management Entrance Exams

For admission to the MBA Financial Management program, there are several national and state-level entrance exams. Some of the top entrance exams for admissions in MBA Financial Management are described below:

CAT: The Common is an annual online test administered by IIMs to select applicants for admission to various management degree and diploma program. Many prestigious colleges around the country accept the result of this exam. The test is held once a year.

MAT: Management Aptitude Test, is conducted four times in a year on a national basis. The test for admission to MBA/PGDM program is administered by the All India Management Association (AIMA) across the country.

CMAT: CMAT (Common Management Admission Test) is a computer-based online test. The National Testing Agency of India is in charge of the test. The test is used to narrow down applicants for postgraduate management programes that have been authorised by the AICTE.

GMAT: The (Graduate Management Admission Test) is a computer adaptive test which is commonly used for admission in various MBA programs throughout the country and it is generally accepted in majority of colleges in India.

SNAP: Symbiosis International University administers the Symbiosis National Aptitude Test to candidates seeking admission to several management degrees. It is a nationwide entrance test.

Why Study MBA Financial Management?

In terms of personal development and career advancement, an MBA in Financial Management is one of the most popular courses in India. Down below are some of the top benefits of pursuing this specialization in MBA.

• Candidates with an MBA in Financial Management degree have a plethora of job options. Asset management, banking and financing, finance management, corporate finance, insurance management, and stock market are some of the sectors where they can operate.
• There are colleges that enable students to study a portion of their degree abroad as part of international cooperation, giving them exposure and broadening their perspectives.
• Students who complete the course will get the skills necessary to deal with and overcome financial issues.
• Both the academic and practical aspects of the subject are covered in this course. Its curriculum includes a variety of projects, exams, and internships that provide students real-world experience.
• MBA Financial Management graduates earns a very good salary of around INR 4 to 10 LPA.

MBA Financial Management Syllabus

Since MBA is a two year course and each year is divided into two semesters. The course is also divided amongst the four semesters and includes both theoretical and practical aspects of studies. The table down below will showcase the subjects covered during the two years of MBA in Financial Management.

Semester 1	Semester 2
Management Theory and Practice	Marketing Management
Organizational Behaviour	Financial Management
Managerial Economics	Operations Management
Accountancy for Managers	Human Resource Management
Statistics for Managers	Research Methods for Business

 

Semester 3	Semester 4
Operations Research	Entrepreneurship
Strategic Management	Security Analysis and Portfolio Management
Financial Markets, Treasury & Risk Management	Financial Analysis and Reporting
International Financial Management	Management Information Systems
Strategic Cost Management	Final Project Report

MBA Financial Management: Scope For Future

Students have the option of pursuing further education in addition to obtaining jobs. The following is a list of MBA Financial Management scopes accessible to students:

If one intends to continue in the same field of study, a PhD in Finance is the first program to consider. It’s a three-year programme that requires a Master’s degree in Finance as one of the prerequisites. PhD programmes are available in a variety of relevant subjects.

After completing this degree, students can apply for the Associate Program in Management offered by all of the IIMs.

Preparing for competitive tests is another option available to postgraduates. The most popular exams are those for job openings in government-sponsored enterprises. Students will have access to the highest-paying employment in this field.

MBA Financial Management Job Prospects and Career Options

MBA in Financial Management has grown in popularity among students in recent years. This course is being pursued by an increasing number of students. The course prepares students for a variety of careers. This just adds to the course’s enormous student appeal.

Financial management candidates can work in areas such as risk management, private industry, retail, financing, treasury, insurance management, sales and trading, and the stock market, among others.

Government jobs such as lecturer and professors, as well as work in the Finance Ministry, are available. Down below are the top job prospects for MBA Financial Management graduates.

Financial Analyst: A Financial Analyst studies market trends and the variables that influence them in order to help the organisation make better investment decisions.

Investment Banking: An investment banker may perform a variety of services for a client, but the primary function of an investment banker is to generate capital through the issuance of securities, whether debt or equity. 

Credit Risk Analysis: A Credit Risk Analyst evaluates a client’s credit risk by analysing financial and credit data in order to identify and remove main risk factors.

Finance Manager: Based on performance ratings, a Finance Manager prepares and manages the company’s budgets.

Merchant Bankers: Merchant bankers purchase and sell stock on behalf of their clients on the stock exchange. They also do stock share research and advise customers on which shares to buy, when to buy them, how much to buy, and when to sell them.

Personal Financial Advisor: A Personal Financial Advisor assists a client with tax planning, budgeting, and achieving their objectives.

Account Manager: An account manager’s role is to manage and oversee the business relationship with relevant clients.

Salary of an MBA Financial Management Graduate?

In India, an MBA in Finance graduate earns an average of INR 8LPA. With more expertise and knowledge in the field of finance, the salary may rise.

Job Profile	Average Salary
Finance Manager	INR 6 to INR 15 LPA
Credit Risk Analyst	INR 4 to INR 7 LPA
Account Manager	INR 3 to INR 15 LPA
Business Analyst	INR 3.5 to INR 14 LPA
Financial Assistant	INR 2.5 to INR 5 LPA

MBA Financial Management Top Recruiters

• LIC
• Oracle
• ITC
• HDFC Bank
• IDBI Bank
• Amazon
• Canara Bank
• State Bank of India
• Google
• ICICI Bank
• J.P Morgan & Chase Co.
• Kotak Mahindra Bank
• DSP Merill Lynch Limited
• Bajaj Capital Limited

Skills Required for MBA Financial Management

The following is a list of abilities that one needs possess in order to be the finest financial analyst.

Communication Skills: In this sector, candidates must communicate and cooperate with a variety of people from varied backgrounds on a regular basis. To succeed in this area, students must also have strong presenting and bargaining abilities.

Analytical Skills: Analytical abilities are necessary because the work in this profession involves analysing diverse data and extracting meaningful financial information from it. 

Leadership: Leaders can connect with their team members informally or explicitly, and urge them to work hard and perform the obligations that have been assigned to them. They can also listen to input from others and work on it afterwards.

Time Management: Due to the importance of time management and the presence of obligations, one must be timely, devoted, and hardworking in this sector. Students who are unable to manage their time or their environment while maintaining a sense of balance may struggle in this discipline.