MBA in Finance

MBA in Finance is a two-year postgraduate course concerned with the management of accounts and finances of companies to achieve specific financial objectives. It is the right choice for students with good financial knowledge and the ability to analyze and those with a deep-rooted understanding of financial models and the stock market. With the growing popularity of the MBA in Finance course, it can now be pursued full-time, part-time, executive, and online modes. The MBA in Finance syllabus includes a wide variety of subjects like Financial Management, Financial Planning, Cost of Capital, Pricing, Asset Management, Risk Management, etc.

MBA in Finance admission is based on merit and entrance exam scores like CAT, MAT, XAT, SNAP, NMAT, etc. Some of the top MBA in Finance colleges are XISS, MIT School of Business, MDI Gurgaon, IIM Kozhikode, and IIFT Delhi. The course fees range between INR 8 lakhs and INR 18 lakhs. Well-known institutes such as Sage University offer MBA in Finance job ready assured programs to equip students with technical, theoretical, and practical knowledge. 

Some of the popular MBA in Finance jobs are Financial Analyst, Research Analyst, Account Manager, Risk Manager, Management Consultant, Insurance Manager, and Equity Analyst. The MBA in Finance salary for freshers ranges between INR 6 lakhs and 12 lakhs per year, which typically increases with experience and skills. Get complete MBA in Finance course details on this page.

• TS ICET 2024 application form was released on March 7, 2024, on the official website at icet.tsche.ac.in. TS ICET 2024 registration last date is April 30, 2024, without a late fee. The exam will be conducted on June 4 & 5, 2024.
• AP ICET 2024 application form was out on March 6, 2024, on the official website at cets.apsche.ap.gov.in. It will be available till April 7, 2024. The exam will be conducted on May 6 & 7, 2024.
• TANCET MBA 2024 was conducted on March 9 from 2.30 to 4.30 PM for admission to MBA colleges in Tamil Nadu. Candidates could apply for the exam until February 15, 2024. Anna University conducted the exam in offline mode (pen & paper mode).
• MAH MBA CET 2024 exam was conducted on March 9, 10 & 11, 2024, to shortlist students for MBA courses at B-schools in Maharashtra. Candidates who appeared for the exam can check out the detailed MAH MBA CET 2024 exam analysis.

Check all the important MBA in Finance course details provided in the table below.

While deciding to pursue this course, some might wonder ‘Is MBA Finance a good degree?’ Well, getting an MBA degree seems a great investment for individuals who want to learn various aspects of business management and work at managerial levels. Here are some of the top reasons to go for it.

• Diverse Range of Jobs: Finance is a sought-after career domain in today's world. Skilled financial professionals are essential in managing cash flow, analysing investments, and making informed financial decisions. The increasing demand for financial experts provides ample job opportunities in various sectors, including healthcare and technology.
• Higher Salary: MBA in Finance graduates typically earn higher salaries, ranging from INR 7 LPA to INR 20 LPA. The pay scale varies based on expertise and experience. With the right skills, earning potential can increase significantly.
• In-depth Knowledge: This course offers a comprehensive and well-rounded education, with a focus on both general and advanced knowledge. The curriculum includes a variety of engaging learning experiences, such as management simulations, projects, and internships. 
• Entrepreneurial Insight: An MBA in Finance teaches individuals how to manage financial resources effectively and efficiently. Graduates are well-prepared to navigate financial complexities, make informed decisions about financial planning, budgeting, and risk management, and secure funding for new ventures.

The decision to pursue an MBA in Finance can be overwhelming for many students. If you are unsure if you are the right candidate for this course, read on to learn about the individuals who are best suited for it.

• Finance professionals already working in finance-related roles may pursue an MBA in Finance to deepen their expertise, advance their careers, and open up opportunities for leadership positions.
• Individuals from diverse academic and professional backgrounds who wish to transition into finance careers can benefit from an MBA in Finance.
• Aspiring entrepreneurs interested in starting their businesses or ventures can pursue the course to gain the knowledge and skills needed to launch and grow successful enterprises.
• Those in non-finance roles may pursue an MBA in Finance to enhance their understanding of financial principles and gain a competitive edge in their careers.
• Professionals looking to advance their careers and move into senior-level positions within their organizations may opt for an MBA in Finance to develop strategic, analytical, and leadership skills.
• International students or professionals seeking to enhance their global career prospects can pursue an MBA in Finance to gain exposure to international business practices, networks, and opportunities.

The online MBA in Finance course is specially designed for working professionals who aim to enhance their academic qualifications for better job prospects in the Finance industry. The program provides students with a comprehensive understanding of the financial landscape by integrating various concepts such as value maximisation, portfolio management, capital investment evaluation, and security analysis. MBA in Finance online course is an ideal choice for individuals seeking to develop their Finance Management expertise without compromising on their work commitments. The course curriculum is structured to offer a flexible learning experience with online classes, allowing students to manage their studies alongside their work and personal lives.

MBA in Finance online course fees is generally less as compared to traditional programs. Throughout the program, students are exposed to various finance topics, including financial reporting, risk management, investment banking, and corporate finance. The online MBA in Finance course content is designed to provide students with a deep understanding of the financial sector's inner workings, preparing them for a successful career in finance management. Overall, the online MBA in Finance course is an excellent opportunity for professionals looking to gain a comprehensive understanding of finance management, acquire valuable skills, and boost their career prospects.

MBA in Finance and Master in Finance are two of the most sought-after courses by candidates who want to make a career in the field of Finance. Check out the difference between the two mentioned in the table below.

Also Read: MBA in Finance vs MBA in Marketing

MBA in Finance courses various offer options for students with specific requirements, allowing them to reach their career goals. Here are some popular types of MBA in Finance courses.

One of the primary conditions that students must meet to be considered for admission is meeting the MBA in Finance eligibility requirements. Those who do not meet the eligibility criteria for an MBA in Finance course won't be able to pursue higher education in management regardless of their academic prowess. Check out the basic requirements for MBA in Finance admission in India

Skills Required for MBA in Finance

• Financial Reporting: Professionals need to present financial reports to stakeholders to help them understand the company's performance over time. Developing good financial reporting skills requires time and effort. 
• Time Management: Employers value candidates who can effectively manage their time. This not only boosts productivity but also reduces stress and creates an environment of engagement and creativity.
• Business Intelligence: Graduates with an MBA in finance management must possess strong business acumen to make wise and informed decisions. They need to be proficient in forecasting revenues and predicting inventory, along with associated information. Additionally, they must be well-versed in enterprise resource planning software, such as SAP and Oracle ERP.
• Analytical Thinking: Developing analytical thinking is crucial for financial expertise. One must assess problems and devise effective solutions by managing both the technical and interpersonal aspects of finances.

The top MBA in Finance colleges in India shortlist candidates for admission based on the entrance exam scores. Before applying for the entrance exam, students must check the requirements of their desired colleges. The following are the top MBA entrance exams for Finance specialization in India:

Common Admission Test (CAT)

CAT is the most popular MBA entrance exam in India, accepted by 21 IIMs and over 1000 colleges. This computer-based test is administered once a year by IIMs and is designed to evaluate the analytical and communication abilities of students. The exam is known for its high level of difficulty and competitiveness, which makes it a challenging yet rewarding experience for students who are looking to pursue a career in management.

Common Management Admission Test (CMAT)

CMAT is a highly sought-after national-level exam conducted by the National Testing Agency. The CMAT exam evaluates candidates' abilities across various segments, including Quantitative Techniques, Logical Reasoning, Language Comprehension, General Awareness, and Innovation and Entrepreneurship. The exam is designed to test the candidates' aptitude, analytical abilities, and problem-solving skills.

Xavier Aptitude Test (XAT)

XAT is a well-known national-level management aptitude test conducted by XLRI Jamshedpur to provide admission to Xavier-affiliated institutes and other MBA colleges in India. The competition for the XAT exam is intense, and it demands rigorous preparation. The test assesses the candidates on their analytical, quantitative, and verbal abilities, along with other vital skills.

Symbiosis National Aptitude Test (SNAP)

SNAP is a popular MBA entrance exam conducted by Symbiosis International (Deemed University) for admission to their MBA program. All Symbiosis institutes and many other prestigious business schools across India accept SNAP scores. The exam is an essential step for aspiring MBA students who seek to acquire quality education and advance their careers in the finance field.

NMIMS Management Aptitude Test (NMAT by GMAC)

NMAT by GMAC is a computer-based entrance exam conducted by the Graduate Management Admission Council (GMAC) in India. It is conducted once a year over a test window of 70-100 days, giving candidates the flexibility to choose their preferred test date and time. It consists of three sections: Language Skills, Quantitative Skills, and Logical Reasoning, with a total of 120 questions to be answered in 120 minutes.

Top MBA Entrance Exams Schedule

The top MBA in Finance colleges in India offers admission based on the entrance exam scores. Below is the detailed MBA in Finance admission process conducted through MBA entrance exams.

• Appear for Entrance Exams: Candidates first have to appear for MBA entrance exams such as CAT, XAT, MAT, and CMAT, which are conducted nationwide. These exams test the aptitude, knowledge, and skills of the candidates in various subjects such as quantitative aptitude, data interpretation, verbal reasoning, and analytical ability.
• Participate in Counselling: Based on the scores obtained in these exams, shortlisted candidates are called for the next round of selection, which includes a personal interview and group discussion. This round evaluates the communication skills, confidence, and leadership qualities of the candidates. Candidates who successfully clear all the rounds are considered for admission to MBA in Finance.
• Complete Admission Formalities: Once the admission offer is given, candidates have to submit the annual fee to confirm their admission. The fee structure varies from college to college and usually includes tuition fees, hostel fees, and other miscellaneous charges. Candidates who fulfil all the criteria and complete the admission process successfully are eligible to pursue their MBA in finance and take the first step towards a bright career in the financial sector.

When it comes to direct admission in MBA without entrance exam, there are certain steps that need to be followed. Firstly, students need to submit their application forms to the respective universities. After the application process is complete, a merit list is prepared on the basis of scores received in a Bachelor’s degree and evaluating the candidate's profile. The profile evaluation may include factors such as work experience, extracurricular activities, and other achievements.

Once the merit list is out, students may be called for an interview or a direct counselling session is held. During that, the candidate's profile is evaluated, and the suitability for the MBA in Finance course is assessed. If the candidate meets the requirements, they are notified of their selection. The next step is to pay the admissions and other related fees. Once the fees are paid, the candidate is officially admitted to the MBA in Finance colleges.

MBA in Finance course fees is an important factor that influences the admission decisions of students. The type of institute, infrastructure, faculty, curriculum, placement scope, etc., decide the course fee of an institute. The following is the MBA in Finance course fees at top business colleges in India: 

The MBA in Finance syllabus develops an aptitude for analytical thinking and managerial decision-making, devising strategies for improved financial performance, and understanding the risks and profitability related to business. It gives in-depth training to drive revenue and reduce costs. Take a look at the semester-wise MBA in Finance subjects provided below:

Go through the table given below to know the top colleges offering specialised job ready MBA in Finance courses:

Here are some of the top private colleges in India offering MBA in Finance along with their course fees and NIRF Ranking 2023:

Here are some of the top government colleges providing MBA in Finance course in India along with their course fees and NIRF Ranking 2023.

Check out the top B-Schools in India offering direct admission to MBA in Finance without entrance exams.

After completing an MBA in Finance, candidates have the option to pursue lucrative career options both in private and public sectors such as financial firms and consultancies, banks, the stock market, trading, account management, and others. Check out the career options after MBA in Finance discussed below.

Top MBA in Finance Job Profiles

Listed below are suitable job roles for candidates with an MBA in Finance degree.

MBA in Finance Salary in India

The table below will give an estimation of the average salary for MBA in Finance job roles:

Top Recruiters for MBA in Finance Graduates

MBA in Finance graduates are hired by some of the top companies mentioned in the table below.

If you aspire to climb up the corporate ladder and secure top managerial positions, having an MBA in Finance may not suffice. Pursuing advanced courses after completing an MBA can definitely enhance your skills and increase your earning potential. Here are some top courses that you may want to consider pursuing after obtaining an MBA in Finance.