MBA Financial Management is a postgraduate management degree course that imparts knowledge on analytics, budgeting, organisation and monitoring of finances. It requires skills like thorough data evaluation, logical analysis and proactive decision-making. The MBA Financial Management educates students on the financial industry, marketing trends and economic trends.
The basic eligibility criteria required include candidates having cleared their graduation across any relevant discipline with an aggregate score of 50% and above or equivalent CGPA from a recognised university or college. Admission to the MBA Financial Management is done on the basis of MBA Entrance Exams such as the CAT, MAT, XAT and SNAP. See Also: MBA Financial Management Syllabus
Some of the Top MBA Financial Management Colleges are AIMA, UPES Dehradun and Aligarh Muslim University. The average course fee may range from INR 7,00,000 to INR 12,00,000. However, government colleges may charge less fees as compared to private ones.
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Candidates who successfully complete the MBA Finance degree can work as various job profiles such as Investment Bankers, Financial Analysts, Account Managers, Bank Managers and Research Analysts with an Average Salary of INR 9.10 LPA – 17 LPA.
Table of Content
2.1 Why Study?
3.1 Eligibility
3.2 MBA Financial Management Admissions 2024
3.3 Entrance Exams
4.2 Top Colleges
- MBA Financial Management Syllabus
- Top Colleges
- MBA Financial Management: Colleges Abroad
- MBA Financial Management: Jobs
8.1 Top Recruiters
MBA Financial Management: Course Details
| Course Duration | 2 Years |
| Eligibility | Graduation in any discipline with 50% aggregate marks or equivalent CGPA |
| Admission Process | Entrance Exam followed by Group Interview and Personal Interview |
| Course Fee (INR) | 7,00,000 – 12,00,000 |
| Average Salary (INR) | 9.10 LPA – 17 LPA |
| Top Recruiting companies | J.P. Morgan Chase & Co. (JPMCC), Amazon, ICICI Bank, ITC, Reliance Industries Ltd, Aditya Birla, Oracle and Google |
| Job Position | Finance Manager, Credit Manager, Financial Advisor, Asset Manager, Director of Finance and Administration, Financial Planner, Cost Controller and Corporate Financial Analyst |
All About the MBA Financial Management
- MBA Financial Management deals with various crucial topics such as analytics, budgeting, organizations and financial monitoring.
- It requires skills such as comprehensive data evaluation, logical analysis and proactive decision making.
- Throughout the course, students will learn the concepts of financial analysis, cost accounting, management accounting, and their impact on general decision making.
- MBA Financial Management offers a variety of career opportunities as students can also choose to pursue higher education in their respective fields. They can choose a higher degree like PhD Finance and PhD Management.
- Fresh graduates of courses can easily expect an average salary of INR 5.11 LPA to 8.33 LPA. The salary offered increases with increased experience in their respective fields.
Why Study MBA Financial Management?
- MBA Financial Management is beneficial for students who want to make their mark in the finance and are looking for a career boost.
- Among all other MBA courses, MBA Financial Management Course offers the best job opportunities with great salaries
- Candidates will learn to use advanced technical tools to solve financial challenges, as well as complex analytic and quantitative methodologies, enabling them to solve difficult problems in high-tech finance.
- Globally there are several career prospects in this profession. Financial experts can also work for international corporations.
MBA Financial Management Admission Process
- The MBA admission process across top collegescommences from the first week of August/September and ends in the last week of November.
- Candidates seeking admission in any of the top MBA colleges should apply for the relevant MBA entrance exam like CAT /XAT/IIFT/NMAT/ SNAP within the given time window.
- After the announcement of the MBA exam result in January, most of the top business schools shortlist the eligible candidates for the final round of admissions on the basis of few parameters as per the admission guidelines.
- Candidates after clearing the entrance exams have to clear the group discussion (GD), Written Ability Test (WAT) and then Personal Interview (PI) for the final selection
- Based on the performance in the final selection round, weightage of admission scores, academic profile and diversity, work experience and gender diversity, a final merit list is prepared and the respective B-School makes an offer of admission.
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MBA Financial Management: Eligibility
- The prerequisite for admission to MBA financial management programme is an undergraduate degree from a recognised university in a relevant field.
- Candidates are required to clear various national, state and university entrance examinations as per the selection of B-School
- There is no age restrictions for MBA in Finance programmes
- Though it is not mandatory, work experience is strongly recommended
MBA Financial Management: Entrance Exams
| Entrance Exam | Registration Deadlines | Exam Dates |
|---|---|---|
| ATMA | 4th week of December, 2023 – 3rd week of February, 2024 | 4th week of February, 2024 |
| CAT | August 3 – September 21, 2023 | November 26, 2023 |
| CMAT | 2nd week of March 2024 (Onwards) | 1st week of May 2024 |
| NMAT | August 1 – October 12, 2023 | October 10 – December 19, 2023 |
| SNAP | August 23 – November 23, 2023 |
Test 1: December 10, 2023 Test 2: December 17, 2023 Test 3: December 22, 2023 |
| XAT | July 15 – November 30, 2023 | January 7, 2024 |
MBA Financial Management Distance Education
MBA Financial Management Distance courses are preferred by a lot of students for the fact that it is convenient, affordable and for its flexible nature. MBA Financial Management Distance course is a 2 year course whose basic eligibility criteria include candidates having cleared their graduation in any relevant stream with an aggregate score of 45% and above.
Admission Process
- Admission to MBA distance education is usually based on the marks obtained by a candidate in management exams like CAT, MAT, XAT and ATMA.
- Although the minimum requirements for applying to a B-school are similar for almost all institutes i.e. 45% aggregate marks in 10+2, some colleges have additional requirements for admission to an MBA in Finance by distance learning.
- For example, a valid CAT score or more than 2 years of work experience (preferably in the same field).
MBA Financial Management Distance Education Colleges
| Name of the Institute | Duration of the course | Average Fees |
|---|---|---|
| Indira Gandhi National Open University (IGNOU) | 2 to 5 years | INR 32,000 |
| Symbiosis Centre for Distance Learning (SCDL) | 2 years | INR 50,000 |
| Narsee Monjee Institute of Management Studies (NMIMS) | 1.5 years | INR 2,50,000 |
| All India Management Association (AIMA) | 2 years | INR 63,000 |
MBA Financial Management Syllabus
| Semester I | Semester II |
|---|---|
| Management Theory and Practice | Marketing Management |
| Organizational Behaviour | Financial Management |
| Accountancy for Managers | Human Resource Management |
| Managerial Economics | Operations Management |
| Statistics for Managers | Research Methods for Business |
| Semester III | Semester IV |
| 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: Top Colleges
| College Name | Average Course Fees |
|---|---|
| IIM Ahmedabad | INR 20 Lakhs |
| IIM Kozhikode | INR 18 Lakhs |
| PIBM Pune | INR 7.5 Lakhs |
| BIM Trichy | INR 7.90 Lakhs |
| Christ University | INR 3.80 Lakhs |
| DSM ISM Dhanbad, Jharkhand | INR 3.40 Lakhs |
| KIIT School of Management,Bhubaneswar | INR 6.80 Lakhs |
| Aligarh Muslim University | INR 2.52 Lakhs |
| Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development, Pune | INR 2.25 Lakhs |
| UPES Dehradun | INR 6.67Lakhs |
| Dayalbagh Educational Institute, Agra | INR 1.10 Lakhs |
| JC Bose University of Science and Technology, Faridabad | INR 1.02 Lakhs |
MBA Financial Management: Colleges Abroad
Tabulated below are some of the top MBA Financial Management colleges abroad for your reference.
| College Name | Average Course Fees |
|---|---|
| Stanford University | INR 55,61,780 |
| Harvard University | INR 54,35,000 |
| The Wharton School | INR 1,23,79,221 |
| INSEAD | INR 76,05,000 |
| MIT Sloan | INR 1,17,38,760 |
| London Business School | INR 82,90,540 |
| HEC Paris | INR 49,19,000 |
| The University of Chicago Booth School of Business | INR 91,26,000 |
| Haas School of Business | INR 87,45,750 |
| Kellogg School of Management | INR 57,03,750 |
MBA Financial Management Jobs
| Job Profile | Job Description | Average Salary (INR) |
|---|---|---|
| Credit Risk Analyst | Assesses the credit risk of its customers using financial and credit information with the aim of identifying and eliminating the greatest risk factor. | 11.21 LPA |
| Financial Analyst | A Financial Analyst monitors market trends and the factors that influence them to help the company make wise investments. | 12 LPA |
| Management Consultant | A management consultant provides guidance and perspectives into the process of managing and growing a firm. | 9.10 LPA |
| Chief Financial Officer (CFO) | A company's CFO is the most significant role. He or she is in charge of the company's or organization's money and financial reporting. | 23 LPA |
| Finance Manager | A Finance Manager is responsible for reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts | 8.70 LPA |
MBA Financial Management: Top Recruiters
| JP Morgan Chase | BCG |
| Deloitte | KPMG |
| Morgan Stanley | Microsoft |
| TCS | Wipro |
| Amazon | Apple |
MBA Financial Management: Future Scope
- Besides getting a job, there is another way for students to further their education. MBA Financial Management Scope for students are given below:
- PhD: If you want to pursue further studies in the same field, the first program of choice is a PhD Finance. It is a three-year program that requires a master's degree in finance. Students can pursue a PhD in any related field.
- After completing this course, students can also join the Fellow Programme in Management (equivalent to PhD) conducted by all IIMs.
- Postgraduates can opt to prepare for competitive exams. The most popular are the exams that are meant for employment in government organisations. Students can get the best paying jobs in this sector.
MBA Financial Management: FAQs
Ques. How can a background in Accounts and Economics help you get an MBA in Financial Management?
Ans. While students from any discipline can pursue the course, students with backgrounds in Accounts or Economics will have broader horizons in terms of job opportunities, such as Financial Accounting Manager, Investment Banker, and Credit Analyst.
Ques. In terms of syllabus, is MBA Marketing easier than MBA Financial Management?
Ans. According to students, the MBA Marketing curriculum is simpler than the MBA Finance curriculum. The MBA Finance syllabus makes extensive use of statistics and mathematics, making it difficult.
Ques. How does the MBA financial management curriculum differ from the CFA level 1 curriculum?
Ans. The primary distinction between the CFA level 1 syllabus and the MBA Financial Management syllabus is that the CFA syllabus focuses on management and investment skills, whereas the MBA Financial management syllabus focuses on finance, human resource accounting, and marketing skills.
Ques. What are the UGC NET subjects and syllabus for MBA financial management?
Ans. Management, Accounting and its principles, Strategy Management, Statics, and Entrepreneurship Development are among the subjects covered by the UGC NET syllabus. These subjects include Business Ethics & CSR, Human Resource Management, Financial Statement Analysis, Portfolio Management, Strategy Formulation and Implementation, International Marketing, and Business Innovations, among others.
Ques. Is math part of it? This is a question I'm asking because I'm only average at math.
Ans. Yes, Mathematics is a required subject in the MBA Financial Management curriculum. Mathematics is an important and integrated part of the MBA Financial Management syllabus because there is a lot of coursework that requires Maths, but if you have a basic understanding of Maths, you can easily manage to study MBA Financial Management.
Ques. What finance courses should one take (preferably online) if they want to specialise in finance during their MBA?
Ans. Candidates who want to specialise in finance during their MBA can take courses in cryptocurrency trading, MS Excel, particularly macros, and basic blockchain concepts. They can also study Corporate Banking, Equity Research, Economics, Financial Instruments, and other topics through popular e-learning platforms such as CFA, FLIP, and NCFM.
Ques. What is the best online course to take after completing an MBA Finance Management?
Ans. The Chartered Financial Analyst (CFA) programme is regarded as one of the best courses to pursue after completing an MBA in Finance. Other useful courses include Certified Public Accountant (CPA) certification, Chartered Alternative Investment Analyst (CAIA) designation, Certified Financial Planner (CFP) designation, and Financial Risk Manager (FRM) certification.
Ques. What is the starting salary of a normal college MBA financial management graduate?
Ans. In India, the starting salary for a candidate with an MBA Financial Management from a regular college ranges from INR 2,80,000 to INR 5,00,000 per year.
Ques. What free online certification courses are available for MBA financial management students?
Ans. MBA Financial Management students seeking free online certification can enrol in a variety of online courses. The following are some of the courses:
- Yale University's Financial Markets course is available on Coursera.
- MIT's Finance Theory
- Introduction to Corporate Finance by Columbia Business School via edX Finance for Everyone:
- Smart Decision Tools by University of Michigan via edX History of Corporate Finance in a Nutshell by Alison.
Ques. Is it worthwhile to pursue an online MBA in the United States? As an engineer, which MBA stream (finance, marketing, etc.) will provide me with good opportunities in the future?
Ans. As an Engineer, you can pursue an online MBA in Finance rather than an MBA in Marketing. Candidates with an engineering background can do well in finance, whereas good communication skills are required in marketing. Streams can be pursued based on one's interests. Following an MBA in Finance, there are numerous job opportunities such as Financial Analyst, Portfolio Manager, Financial Auditor, Banker, and so on.
Ques. What is the typical MBA financial management fee?
Ans. The average annual fee for an MBA in Financial Management in India ranges between INR 1,10,000 and INR 7,00,000.
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