Give me full detail about mba in finance?

Hi Abhijit

MBA finance is a postgraduate management course.

Finance is one of the most sought after specialisation and finance is not just limited to banking , it is much more than that.

Finance is the backbone of any organization , it gives you lot of opportunities in government, and private sectors.

MBA finance prepares you for:

Accounting

Banking

Corporate Finance

Financial planning

Other careers related to financial sectors

Also it will cover courses and skill relate from mathematics, investment, investment strategy, local and global economics , mergers and acquisitions, corporate risk , financial theory etc.

You can choose any of the following course based on your area of interest like:

Corporate investment management

Fundraising

Collections

Disbursement

International finance

Hedge fund management

Taxation

Treasury

Stock market

Coverage of international markets, valuation, fixed income securities etc

You need a strong background in mathematics and good managerial and communication skills .

Getting into top school requires competitive GMAT score.

You can also opt for specialization in finance:

CPA ( certified public accountant)

CFA ( certified financial advisor)

CMA ( certified management accountant)

Corporate Finance

Financial economics

International finance

MBA finance has great scope but you need to work hard and score well in competitive exams. And recommend top schools which offer finance specialisation.

All The Best!

Dear Abhijit Shinde,

Please go through following. You will get the most details.

One needs to be good with numbers, balance sheets, and has to have an interest in financial analysis, financial crisis management.

A minimum score of 50% and above in their graduation, and a score in CAT, MAT, GMAT is also needed. Four to five years of work experience in the business and management field is an added advantage.

This degree is generally about two years, and a postgraduate degree offered by most Indian universities, and business schools.

Generally, the first year of the study of this degree is dedicated to simple management theory, while from the second-year students are allowed to study their specialisation, along with industry exposure.

The MBA finance subjects, mostly depend upon the individual institution. This list provided below is just indicative, not exhaustive-

1. Cost accounting
2. Financial planning and control
3. Investment analysis and portfolio management
4. Banking and Insurance
5. Micro and Macro Economics
6. Fixed Income Securities
7. Advanced Accounting
8. Marketing and strategy
9. Financial statement analysis
10. Corporate Finance

Some business schools or universities which offer finance related courses also offer in-depth specializations within the MBA in Finance course. Few of them are like –

• Certified Public Accountant(CPA) – CPA’s deal with taxes, wealth management, investments, audit and other finance-based roles for companies or even for an individual.
• Certified Financial Advisor (CFA) – Roles are helping people to make wise investments and managing money, and building investment portfolios.
• Certified Management Accountant (CMA) – Forecasts the profit margins of companies and helping to achieve financial growth, and protecting the company from financial risk.
• Financial economics – This course deals with microeconomics and the relation between producers and consumers in a given economy.

While studying about finance, the most sought-after courses are diplomas, bachelors, and postgraduate in finance and marketing. Among these, the most significant cause for the contemporary job market is an MBA with Finance specialization, which has been a favorite amongst students and working persons for the past few years.

Now the question arises, that MBA it is a degree of business administration , then why a specialization in Finance?

Well, the answer lies in the question itself.

• Demand in all industries – MBA, in general, focuses in business administration, and sometimes it also has specializations like HR , marketing , sales, operations , etc. while finance is a subject that is responsible for managing and maintaining the costs and capital required for these aforementioned sectors. So unlike certain specialized streams of MBA like IT or hospitality, this one is not confined to certain specific industries alone. No matter what industry it is, the demand for an MBA in Finance will always be there, which solely makes this stream highly versatile and much in demand.
• Expertise in handling Corporate finance – Corporate sectors require financial assistance, in terms of how their profits and losses are to be handled. How the finance should be controlled, and managed in a way that it does not harm the company’s reputation or the company’s credibility in the market is something that only Finance managers can deal with. Hence an MBA in Finance is the top choice for many.
• Deliver financial stability – Over the past few years, companies which have been incurring losses and are not able to save profits need financial managers to sail them through the market, that remains unstable most of the time. With an MBA degree in Finance, you will have that necessary knowledge and business acumen to pull a company out of danger and help it grow and earn financial stability.
• Strategic acumen – And one can only become a financial manager or financial analyst by pursuing a degree or diploma in finance that teaches strategy, statistics, economics, leadership, and market situations. A finance manager is generally one that possess a keen sense of strategizing and planning, which makes them highly lucrative assets in any organization.

“Despite the recession and speculation, finance has remained one of our most popular courses under the general MBA programme across the IIMs ,” says Ishita N Solanki, Manager of Global Partnerships, IIM, Ahmedabad. (As said in an interview to India Today)

This statement itself says how much scope, studying or pursuing a career in finance has.

And it is more important to emphasize the fact that even after several financial problems our country has faced, the most recent being the demonetization announced in November 2016, the study or the wish of studying finance as part of MBA curriculum has gained momentum instead of dying down.

The scope that the students get while studying MBA in finance varies from being a financial advisor to a company to being a financial manager, asset management executive, cost manager, investment banker, to name a few.

In the Government sector too, the utility of a financial analyst, or a manager who can understand and manage finance is significant because along with private assets, public properties, and government offices to need financing to function accordingly.

There is a wide variety of lucrative career paths that befit an individual with a degree in Finance. Some of the major career options that one can opt for after an MBA in Finance are –

1. Investment banker- Gains capitals for the company from other prospective shareholders, and also aids in the private wealth risk management, and helps in managing bonds and securities.
2. Cost Accountant – One can also pursue a career in cost accounting as the MBA in finance in India also teaches students about auditing, costing, accounting, etc.
3. Financial analyst – A financial analyst analyses the market situations, investments, shares, bonds, assets and every financial component of a company and observes the risks and downs, and advises when to invest and when to not.
4. Financial officer – A financial officer can work for banks, credit unions, public sector company, or any company that deals with funds and capital. They can be loan officers, securities trader, brokerage expert, taxation expert, etc.
5. Consultancy services – Amidst all these, one can also counsel government and private offices on financial aspects as part of a freelance job. It is a great opportunity since almost everyone requires financial advice to go on with their day to day work. And the advantage is one will not have to work under anyone and enjoy a great work-life balance.
6. Further studies – One can also pursue Ph.D. in Management after an MBA in finance and become a professor in a college or University, teaching students about finance and creating future financial planners, and CFOs (Chief Financial Officers).

Hope I answered your query in detail. If you have any query you can comment over here. Please upvote if you liked the answer. All the best for the future.