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What is an MBA in Finance?
MBA Finance is a 2-year expert management degree. It is a specialization of MBA Course. It teaches college students about the economic world, the marketplace trends, economic trends, etc. After successful completion of the MBA Finance course, applicants can work as Investment Bankers, Financial Analysts, Account Manager, Bank Manager, Research Analyst and lots more. The average salary of an MBA Finance graduate ranges between INR 7-20 LPA.
This blog covers topics like salary, scope, fees, benefits, jobs, entrance exam, subject, project topics, syllabus, career, eligibility & more. Also, if you wish to know more about MBA degrees, you can read the blogs below as well.
MBA in Finance: Course Highlights
The course highlights are listed below:
| MBA Finance Course Level | Postgraduate |
| MBA Finance Course Duration | 2 years |
| MBA Finance Course Examination Type | Semester |
| MBA Finance Course Eligibility | Minimum 50% - 60% in Bachelors |
| MBA Finance Course Admission Process | Entrance Exam and scores in bachelor's degree |
| MBA Finance Course Major Entrance Exams | CAT, MAT, XAT |
| MBA Finance Course Fee | INR 3 Lakhs - 8 Lakhs per annum |
| MBA Finance Course Average Salary | INR 4Lakhs - 20 Lakhs per annum |
| Top Hiring Companies for MBA Finance Course Graduates | HSBC, HDFC, ICICI, Genpact, JP Morgan, Standard Chartered, Barclays etc. |
MBA in Finance: Eligibility Criteria
Almost all colleges have identical eligibility standards for MBA finance admissions, but few variations in terms of minimum percentage asked relaxations, and reservations are possible:
MBA in Finance: Admission Process
MBA Finance Admission Process is just like other MBA Admissions. MBA Finance takes place via Top MBA Entrance Exams which include CAT, MAT, XAT etc. Students 50% in their graduation are eligible for MBA Finance Admissions.
MBA IN Finance Entrance Exam
National level MBA in Finance Entrance Exams include ATMA, CAT, MAT, XAT, CMAT, etc. Whereas, State Universities have their own state-level MBA Entrance Exams. State-level MBA entrance exams include:
MBA in Finance: Syllabus & Subjects
MBA Finance Syllabus consists of topics including Financial Planning, Financial Functions, Cost of Capital etc. These offer understanding and expertise of market conditions. MBA Finance has one of the most industry-friendly curricula which makes the MBA Jobs so attractive to both college students and employers. Some of the most common core MBA Finance Subjects in the MBA Finance Syllabus include:
MBA in Finance Salary in India
Credit Suisse India, JP Morgan, HUL, Amazon, Morgan Stanley, American Express are the reputed recruiters that provide placements to MBA finance applicants with 7 lacs- 20 lacs per annum as entry-level salary, which will increase with years of experience and understanding in the field.
Why MBA in Finance: Top 5 Reasons to Choose MBA in Finance
Every industry, like advertising, PR, IT, teaching, consulting, and real estate, needs to record cash flow, investment details, salary payment information, etc. So, by having a sound understanding of monetary management, you may clinch a job in any industry.
As said by Payscale.com, an MBA in finance diploma holder receives paid inordinately more in contrast to the alternative MBA specializations. Finance is considered as a generously compensated department in the business. As per an editorial by the Times of India, MBA in finance is on the top of the list of most rewarding MBA specializations. The pay increases corresponding to the degree of experience and competencies in the field.
The area of finance is essentially huge. There is a huge assortment of job roles, in both the private and non-private segments, to choose from your interest. Examples consist of funding bankers, budgetary examiners, financial analysts, company bankers, hedge fund managers, personal financial advisors, risk managers, etc.
MBA in finance is designed in such a way that it exposes college students to easy standard expertise and advanced expertise of finance. This is accomplished through management stimulation, internships, and comprehensive projects. These assist students in self-evaluation to perceive their weaknesses. It in the long run guarantees all-around character development of college students.
It is found that MBA in finance graduates generally tend to have enormous networking resources as their curriculum is extra practical. It entails teamwork, public interaction, and collaborative affiliation with others. This results in burgeoning people skills, the establishment of desirable relationships, and constructing sturdy expert networks.
Required Skills for MBA in Finance
The general business administrative competencies are the pre-requisite for an MBA pupil studying finance as a specialisation. These encompass management competencies, teamwork, problem-fixing and analytical competencies, initiative, interpersonal competencies, communication competencies, and plenty of different competencies. There are few functional-specific competencies based on the key functions:
Career & Jobs Opportunities After MBA in Finance
An MBA in Finance can work in banking and non-banking sectors, inclusive of corporations. Every corporation has a finance department and calls for an economic expert for retaining the stability of capital. The competent finance students can be a part of the stock market, top-notch company, finance ministry or associated organisations.
Here is the list of roles, an individual can opt for in any industry:
Scope of MBA in Finance
Today, finance is a necessary part of every economy. This is the age of industrialization and automation. For industries to progress, finance performs the main role. It is likewise crucial to say here that many industries and organizations are majorly going through economic crises. During such hard times, professional financial managers work out applicable techniques to assist companies to enhance their financial health and increase their business performance.
When we speak of Finance, MBA with a specialization in this area is considered one of the most effective programs for assisting interested college students discover the area’s capacity and use it to further their careers.
Top 10 Recruiters for MBA in Finance Graduates in India
Given below is the list of some of the top companies which recruit MBA Finance graduates every year.
MBA in Finance: Interview Questions and Answers for Freshers
A few frequently asked questions and their answers are:
Tell me about yourself
Talk about your strengths and achievements and indulge in specifics. However, don’t begin narrating your resume or you may bore the employer.
Why should we hire you?
This query ambitions to assess the way you understand your very own abilities and how confident you're in your very own abilities. The best manner to reply to this question is to say the abilities and characteristics you have that could be beneficial for the job you are applying for
Where do you see yourself in five years?
Interviewers ask this query to check an applicant's planning and loyalty to the hiring corporation. Although it can be tough to reply to this query as a fresher, it is nice to achieve this by citing how you have high aims for the future and the way the corporation you're interviewing for will let you achieve them.
What are your hobbies?
Asking about your private time is a manner for the interviewer to look at what type of personality you have and the way you unwind after work. You need to display enthusiasm when you answer, however additionally reassure the interviewer that your passions aren't likely to interfere with your work.
Courses to Do After MBA in Finance
Here are some of the courses that you can complete after or along with an MBA in finance to make your CV more impressive and get a cutting edge over your competition:
MBA in Finance: Related FAQS
Q1: Is Maths Required for MBA in Finance?
All MBA programs require an understanding of Maths. For MBA in Finance, a stronghold on Maths is an advantage because the course consists of some topics of Accounting, Economics and Finance.
Q2: Which Is Best in MBA Finance or HR
MBA in finance opens the door to a plethora of opportunities in several sectors like business, banking, investment, stock exchange, and insurance, etc. This is why an MBA in finance is considered the most exceptional of all.
Q3: Why Choose Finance as Specialization in MBA
Finance, in my personal opinion, offers greater job possibilities compared to HR. However, it relies upon your interest and professional choices.
Q4: How to Do a PhD. After MBA in Finance?
A master's diploma in a relevant field from a UGC recognized college or foreign college makes a candidate eligible for PhD after MBA in Human Resource Management.
Q5: Is an MBA in Finance A Good Option?
Finance MBA can work in banking and non-banking sectors. You can work anywhere in the company world. Every enterprise needs financial professionals for maintaining the stability of capital. The students, who've done the MBA in finance, have plenty of job possibilities in government and the private sector.
Q6: Is an MBA in Finance Easy?
All MBA specializations are easy if you like what you're doing. The pupil needs to have an interest in the work and topics he/she is studying.
Summary
To summarize, MBA Finance is a great preference for MBA aspirants who are excellent with numbers and will want to work with rapid developing sectors like Private Banking, Financial Services (AMC, Wealth Management etc), Insurance, Corporate Finance and associated areas. You can decide to pursue MBA Finance from an awesome B-school such as BGU and choose the way to excellence. MBA degree in this area will continually stay relevant, making you a valuable asset for any enterprise.
Birla Global University is one of the best universities in Bhubaneswar, India offering this excellent course. The university is itself a brand and provides exquisite facilities to its students. The faculty at BGU has numerous years of experience and is extremely qualified. The lush green campus and state of the art infrastructure are an added benefit for the students that give them an amazing college experience. Our placements are record-breaking each year and a separate placement cell is dedicated to helping our students get a headstart in their successful careers. To know more about this 2 year MBA in Finance, visit us at Birla Global University. Our admissions are open. Apply now!
