which course is better? MBA in financial services (Anna university) or MBA in finance ?
Hello Dear
The answer is depending on your career goals. What do you want to become in the future? And the preference of career and the passion towards the subject decide your major. Finance and marketing both are demanding skills in today’s job market. Marketing is one of the trending skills with multiple career opportunities. So, marketing would the first choice of career for the people who want to work in challenging job roles. As you are from IT background I would suggest to go for marketing as major in your MBA. Because, it’ll will help to grow in any company irrespective of sector. Digital marketing is trending marketing platform through which all the businesses are promoting their services and running operations.
The role of Marketing in organisation development: As I stated in the first paragraph, marketing plays an important role in business development. It involves in developing the marketing plans, brand building plans, and strategies to provide the attractive information to the target customers.
Anyone with the basic bachelor’s degree can start working in marketing departments. Master’s degrees in Marketing such as MBA in marketing will ensure to acquire the top level position in the business development departments.
Digital marketing, marketing management courses would be additional qualification for marketing professionals.
Digital marketing is now trending marketing technique applied across all the industries to promote business services and production. Internet is playing the major role in business advertisement through digital marketing technique.
The major job roles in marketing involves in developing marketing goals, strategies and executing. The following are some the job roles
- Marketing Manager
- Marketing Specialist
- Marketing Communication Manager
- Marketing Research Analyst
- Chief Marketing Officer
- Marketing Consultant
- Marketing Jobs and more.
Pay Scale & career path of top level positions in Marketing –
Finance would be the second option when it is compared to marketing. But, it plays a vital role in business decision making and investments.
The role of finance in the organization: In any organization the finance department involves in financial planning, accounting, corporate finances, investment and decision making. The functions of finance play a significant role in developing the strategies to achieve the organization’s financial goals and increase the shareholders’ value.
These functions include fund raising and capital funds management, investment decision making and profit allocation etc. It’s mostly involved in corporate mergers and acquisitions. So, as per the functionalities of finance one can decide whether it is fit as the career or not.
Career in Finance: To start career in finance bachelor’s degree is the basic qualification with good subject knowledge in finance and accounting related subjects. Master’s degree programs with finance as specialization open more career opportunities in the bigger organization.
In addition to the bachelor’s degrees/master’s degrees, financial management courses, professional finance qualifications such as Chartered Financial Analyst (CFA), Investment Management Certificate (IMC), Chartered Institute of Management Accountants (CIMA) will ensure the better career options with high pay scale.
Job roles in Finance: As a qualified finance professional one can get into any of the following job roles. All of these positions are involved in helping a company develop and manage its cash and financial assets.
- Director Of Finance
- Treasurer
- Financial Analyst
- Credit Manager
- Cash Manager
- Investor Relations Officer
- Finance Controller
MBA Finance and MBA Marketing, they are two spaces of concentrate that each business needs, marketing area assumes liability for creating the income and finance department is in charge of transporting this income in various exercises to guarantee the most extreme development of the wealth.
Which Degrees you can pursue:
Finance: Bachelor of Commerce, Bachelor in Finance and Accounts, Bachelor in Economics, Bachelor in Mathematics and so on. Economics and Mathematics, MBA in Finance.
Marketing: Graduation in any field of your advantage. MBA in Marketing, it's tied in with understanding the business side of things and figuring out how to be a superior sales representative.
Pros of Finance Career:
- The profession decisions are considerably more in finance than some other area.
- So in the event that you be a finance professional, your odds of landing the perfect job position would be higher than others.
- The achievement of being finance experts relies upon specialized aptitudes. In this manner in the event that you can be capable in these specialized aptitudes like money related investigation, valuation, budgetary displaying and so on., odds of achievement are substantially more.
Cons of Finance Career:
- To be remunerated well, you have to pick a center back area and afterward work to end up plainly capable of it.
- On the off chance that you work when all is said in done back, the pay isn't that lucrative.
- Regardless of the possibility that work-life adjust varies as indicated by the center calling, work pressure is always there.
Pros of Marketing Career:
- The work-life adjust is awesome. Other than sales experts, once in a while marketing experts need to go past the scheduled hours.
- They repaid extremely well. The primary purpose of getting lucrative remuneration is the very idea of the capacity. Marketing helps in generating really good revenues for the companies.
Cons of Marketing Career:
- It's, even more of a personal work than a technical one. On the off chance that you can introduce yourself well, you would have the capacity to make your mark.
- Subsequently, very few experts end up plainly fruitful in the field of marketing.
- Rejection is the natural part in this field.
- Commonly your exertion won't work and you have to advance past your failures, gain from them and start once more.
HOPE IT HELPED
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