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    MBA Finance Management

    MBA in Finance Overview

    Master of Business Administration in Finance Management or MBA in Finance Management is a two-year postgraduate programme that is concerned with the management of accounts and finances of companies for them to achieve specific financial objectives. The programme prepares students with in-depth knowledge of pricing, asset management, risk management, financial planning etc. Students with a BBA or any other bachelor’s degree can pursue this course. Also, candidates who have done a master's degree in any other field of study can consider an MBA in Finance Management to accelerate their careers.

    Finance Management is the right career choice for students with good financial knowledge and the ability to analyse and those with a deep-rooted understanding of financial models and the stock market. With its growing popularity, it can now be pursued full-time, part-time, executive and online modes.

    MBA Finance covers a wide variety of subjects like financial management, financial planning, cost of capital etc. During the programme, candidates learn how to apply theoretical knowledge to the real financial and trading world. To get admission to this course, one has to appear for entrance examinations like CAT, MAT, XAT, SNAP, NMAT, GMAT etc. The top colleges for MBA Finance Management are Xavier Institute of Social Services, MIT School of Business, Xavier School of Management, IIM Kozhikode and Indian Institute of Foreign Trade, New Delhi.

    The course fee mostly ranges between INR 8 lakhs and INR 18 lakhs. Some of the popular job roles which students can get recruited to after an MBA Finance Management are Financial Analyst, Risk Manager, Management Consultant, Insurance Manager and Equity Analyst. The salary for freshers ranges between INR 6 lakhs and 12 lakhs, which typically increases with experience and skills. 

    MBA in Finance Management Highlights

    Check all the important details about the MBA in Finance Management from the table given below:

    Particulars

    Details

    Short Name

    MBA in Finance Management

    Full Name

    Master of Business Administration in Finance Management

    Level

    Postgraduate

    Field

    Management

    Specialization

    Finance/Finance Management

    Duration

    2 Years

    Exam Type

    Semester

    Minimum Qualification Requirement

    50% marks in Bachelor’s Degree 

    Selection Process

    Entrance Exam + Scores in Bachelor’s degree

    Course Fees

    INR 8 to INR 18 lakhs

    Average Initial Salary

    INR 6 to 12 lakhs per annum

    Recruiting Companies

    Merrill Lynch, Bain & Co, Boston Consulting Group, Goldman Sachs, JP Morgan, Barclays, Deutsche Bank, Morgan Stanley, Lehman Brothers, McKinsey, etc.

    Why Study MBA in Finance Management?

    MBA in Finance Management concentrates more on finance and its management and the course will help students build high knowledge of finance including areas like fintech, economics, and investment. It also allows you to take on new challenges and successfully overcome them. Here are some of the top reasons to pursue an MBA in Finance Management:

    • Diverse Range of Jobs: Every industry in the market requires professionals who have knowledge of cash flow, investment details and etc. There is no entity that does not employ financial experts. Therefore, finance is a domain that provides ample job opportunities in various sectors of the market.
    • Higher Salary: MBA in Finance graduates earn more salary as compared to most other MBA specializations. The pay increases as one attain the necessary skills and experience.
    • In-depth Knowledge: Aspirants get general as well as advanced knowledge of finance. The course curriculum involves management simulations, projects, and internships that help students to grow holistically. They get opportunities to network well through teamwork, public interaction, and collaborative association. 

    Entrepreneurial Insight: The course provides knowledge of how to use financial funds optimally and manage them constructively. Therefore, those who wish to start a new business will never face hurdles in gathering finances if they complete MBA in Finance Management.

    MBA in Finance Management Course Types

    An MBA in Finance Management helps students build a career in accounting, banking, corporate institutions and other sectors related to finance. To ease the availability of courses for students, universities offer them in various modes. Given below are the popular MBA in Finance Management types:

    Full-time MBA in Finance Management 

    The full-time MBA is a two-year program with a special focus on finance management. The course is suitable for students who wish to develop competencies in technology, application, and customer service. Classes are held during the weekdays during day time for such courses. 

    Part-time MBA in Finance Management

    If working professionals think of achieving new heights in their careers, then they should consider pursuing a part-time MBA in Finance Management. For this, they do not have to compromise with their work life and attend classes in the evenings or at weekends. The course duration can be extended to three years under this mode. 

    Executive MBA in Finance Management

    Executive MBA in Finance Management is a program that spans 24 months. Unlike traditional MBA which is suitable for all types of students, executive MBA is solely designed for professionals who have few years of work experience and want to progress to managerial roles.

    Distance MBA in Finance Management 

    Distance MBA in Finance Management takes two to three years to complete and the curriculum is divided in a manner to provide information about the finance sector while enhancing management skills. Admission to this course is generally based on merit. 

    MBA Finance Management Entrance Exams

    Students seeking admission for MBA Finance Management must sit for entrance exams which can be at the national, state or university levels. Students must take enough time to prepare for these exams as the cut-off scores are high in top MBA colleges and without a high percentile it is difficult to get admittance. The following are the common MBA Finance Management entrance exams in India:

    • Common Admission Test (CAT): CAT is one of the major MBA Finance Management entrance exams in India. It is accepted in over 20 IIMs and more than 1000 business colleges in India. It is an online exam that is conducted once a year. The analytical and communication skills of students are judged by this exam.
    • Common Management Admission Test (CMAT): It is a national-level management admission test taken by students for MBA admissions. The AICTE-affiliated partners can select suitable candidates for admission to management courses in the institutes. It evaluates candidates’ abilities across segments like Quantitative Techniques, Logical Reasoning, Language Comprehension, General Awareness, and Innovation and Entrepreneurship.
    • Xavier Aptitude Test (XAT): XAT is a national management aptitude test conducted by XLRI for admission to MBA Finance Management programmes in Xavier-affiliated institutes and more than 160 leading institutes in India. 
    • Symbiosis National Aptitude Test (SNAP): SNAP is a common admission test conducted by Symbiosis International University (Deemed University) for admissions to MBA in Finance Management. All the Symbiosis institutes and other business schools accept these scores. 
    • ICFAI Business Studies Aptitude Test (IBSAT): IBSAT is a computer-based test for admission to MBA programmes for admission at 9 IBS institutes. The syllabus consists of Quantitative Techniques, Data Interpretation, Data Adequacy, Vocabulary, Analytical Reasoning And Reading Comprehension. 

    How to Get Admission for MBA in Finance Management?

    Candidates who wish to take admission into MBA in Finance Management must first meet the eligibility criteria of a particular university. There are two ways to get admission: direct admission or an entrance-based examination. The gist of the two ways is given below:

    Direct Admission

    In case of direct admission, students have to submit their application forms to the respective universities. A merit list is then prepared on the basis of scores received in a Bachelor’s degree and also evaluating the candidate's profile. Students may be called for an interview or a direct counseling session is held. Those who are selected are invited to pay the admissions and other related fees, post which they are admitted to the business school. 

    Entrance-Based Admission 

    Candidates will be selected on the basis of their scores in the bachelor’s degree as well as an entrance exam. The detailed process of entrance-based admission is given below: 

    • There are many entrance exams conducted for admission to MBA in Finance Management such as CAT, XAT, and CMAT. 
    • Selected candidates will be called for the personal interview and group discussion round
    • Those who clear all the rounds successfully may submit the annual fee in order to confirm their admission.

    MBA in Finance Management Course Eligibility Criteria

    Almost all universities have similar entry requirements for MBA in Financial Management. Here are the common eligibility criteria in terms of percentage, age, and other requirements:

    • Candidates must have cleared a bachelor’s degree in a relevant field. 
    • The minimum percentage required for admission will vary from college to college. Mostly 50 to 60% marks or an equivalent GPA is required.
    • Reserved category candidates are given 5% relaxation.
    • Students from the final year can also apply for the course provided they have a no-objection certificate from their college.
    • Some institutes recommend students have at least two years of working experience.

    Popular MBA Finance Management Colleges in India

    Students who are interested to study MBA Finance Management have a wide variety of options to choose from. They must, however, do thorough research on the course curriculum and teaching facilities provided by the universities and the placement opportunities after completion of the MBA. Here are some of the top MBA Finance Management colleges in India:

    MBA Finance Management Colleges

    Location 

    SP Jain Institute of Management and Research

    Mumbai

    Department of Management Studies, IIT Delhi

    Delhi

    IIM Calcutta

    Kolkata

    Woxsen University

    Hyderabad

    IIM Kozhikode

    Kozhikode

    XLRI Xavier School of Management

    Jamshedpur

    Symbiosis Institute of Business Management

    Pune

    Shanti Business School

    Ahmedabad

    IIM Raipur

    Raipur

    Jaipuria Institute of Management

    Lucknow

    Study MBA Finance Management Abroad

    MBA Finance Management abroad examines the role of finance in supporting the functional areas of a firm and fosters an understanding of how financial decisions themselves create value. It also focuses on evaluating complex investments, executing financial policies and integrating many financial decisions faced by firms. Students get the opportunity to work with field leaders and participate in real-world learning programmes. Here are the top colleges for MBA Finance Management abroad:

    MBA Finance Management Abroad

    Location

    University of Michigan

    United States

    Stanford Graduate School of Business

    United States

    Harvard Business School

    United States

    MIT Sloan School of Management

    United States

    University of California, Berkeley Haas

    United States

    Rotman School of Management

    Canada

    Smith School of Business

    Canada

    University of Alberta

    Canada

    Laval University

    Canada

    University of Manchester

    United Kingdom

    Imperial College Business School

    United Kingdom

    Durham Business School

    United Kingdom 

    HEC Paris

    France

    INSEAD

    France

    Esade Business School

    Spain

    MBA Finance Management Course Fees

    MBA in Finance Management helps students to acquire skills that help them make strategic plans to improve the finances of a firm. The course fee 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 list summarises the MBA Finance Management course fee at top business colleges in India: 

    MBA Finance Management CollegesAverage Annual Fees (in INR)
    SP Jain Institute of Management and Research8.5 lakhs
    Department of Management Studies, IIT Delhi5.2 lakhs
    IIM Calcutta11.75 lakhs
    Woxsen University6.1 lakhs
    IIM Kozhikode10.25 lakhs
    XLRI Xavier School of Management11.75 lakhs
    Symbiosis Institute of Business Management11.1 lakhs
    Shanti Business School3.85 lakhs
    IIM Raipur7.10 lakhs
    Jaipuria Institute of Management5.5 lakhs

    MBA Finance Career Options, Job Profile & Salary

    After completing 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. Listed below are suitable job roles for candidates with MBA Finance degree:

    • Account Manager
    • Business Analyst
    • Finance Officer
    • Finance Manager
    • Research Analyst
    • Equity Research Analyst
    • Accounts Officer
    • Finance Executive
    • Assistant Manager

    MBA Finance Salary

    The entry-level salary of finance management postgraduate is between Rs. 5 lakh to Rs. 15 lakh. Financial managers are responsible for multiple job roles. They are in-charge of all monetary reports of the companies along with creative systems and handling of budgets, to coordinate venture exercises etc.

    FAQs about MBA Finance

    Is knowledge of maths compulsory for MBA in Finance Management?

    Yes, knowledge of maths is compulsory for MBA in Finance Management. The course curriculum includes topics that require a basic understanding of accounting principles that involve numerical. Therefore, having a good grasp of mathematics will simplify the understanding of an MBA in Finance Management. 

    What is the selection process for MBA in Finance Management?

    The selection process for MBA in Finance Management includes appearing for an entrance-based management aptitude test. On clearing the cut-off, students will be called for personal interviews and group discussions which will help the admission panel understand the abilities of the candidates. Then the final merit list will be prepared. 

    Is there any age limit for MBA in Finance Management?

    No, there is no lower or upper age limit for MBA in Finance Management. However, as this is a master's level course, students above the age of 20 generally take up the course. There is no maximum age limit for MBA and can be done even in the 40s.

    Which companies recruit MBA in Finance Management graduates?

    MBA in Finance Management students are extremely revered by several corporate and finance firms. Infosys Ltd, Mahindra and Mahindra, Kotak, Tata Consultancy Services, Citi Bank, EY and JP Morgan Chase and Co. are some of the renowned companies that recruit graduates from this specialisation.

    Can I apply for MBA in Finance Management after 12th?

    No, you cannot apply for MBA in Finance Management after 12th as it is a postgraduate degree and can be only pursued upon completing a bachelor's degree in any stream. There is no also definite subject requirement for pursuing MBA in Finance Management. 

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    Related Questions

    P

    Priya, Student / Alumni

    Mittal School of Business, which attracts students from different parts of the world, is one of India's foremost Business Schools recognized for its industry-oriented curriculum, interactive hands-on pedagogy and intense industry interface. A multidisciplinary campus and multicultural environment suffused with student activity ensures all round development of its graduates, grooming them for successful entrepreneurship and global careers. Mittal School of Business is Among the First 10 Institutions in India to Get ACBSP (USA) Accreditation. Quality of education, placements and well being of the students are the prime focus of LPU. Scholarships, placements, exposure to industry, international internships and placements efficient and knowledgeable faculty, flexible curriculum and teaching pedagogies, infrastructure and diverse culture make LPU unmatchable. LPU shall leave no stone unturned. LPU provides opportunities to students to avail Internship / On-Job Training with industry and they are paid certain monthly stipends. At LPU, it is not about calling companies, it is about preparing students and making sure that they get selected. The university puts its best efforts for the grooming of the students to get good placements. Few of these efforts are like: a. Corporate Interactions, b. Live Projects with Industry, c. Industry Competitions, d. Industry Tie-ups and Centres of Excellence, e. Professional Enhancement Programme PEP Classes Analytical Skills Quantitative Skills, Technical Aptitude Skills, Presentations and Soft Skills and Mock Test. - Global tie-ups and MOU with top foreign universities for scope of foreign studies and foreign placement. Ranked 2nd for OUTREACH AND INCLUSIVITY in all of INDIA. The network and tie ups this university has is unthinkable. - Around 550+ companies visit every year for such activities and campus-recruitment of students from LPU.
    P

    Priya, Student / Alumni

    Mittal School of Business, which attracts students from different parts of the world, is one of India's foremost Business Schools recognized for its industry-oriented curriculum, interactive hands-on pedagogy and intense industry interface. A multidisciplinary campus and multicultural environment suffused with student activity ensures all round development of its graduates, grooming them for successful entrepreneurship and global careers. Mittal School of Business is Among the First 10 Institutions in India to Get ACBSP (USA) Accreditation. Quality of education, placements and well being of the students are the prime focus of LPU. Scholarships, placements, exposure to industry, international internships and placements efficient and knowledgeable faculty, flexible curriculum and teaching pedagogies, infrastructure and diverse culture make LPU unmatchable. LPU shall leave no stone unturned. LPU provides opportunities to students to avail Internship / On-Job Training with industry and they are paid certain monthly stipends. At LPU, it is not about calling companies, it is about preparing students and making sure that they get selected. The university puts its best efforts for the grooming of the students to get good placements. Few of these efforts are like: a. Corporate Interactions, b. Live Projects with Industry, c. Industry Competitions, d. Industry Tie-ups and Centres of Excellence, e. Professional Enhancement Programme PEP Classes Analytical Skills Quantitative Skills, Technical Aptitude Skills, Presentations and Soft Skills and Mock Test. - Global tie-ups and MOU with top foreign universities for scope of foreign studies and foreign placement. Ranked 2nd for OUTREACH AND INCLUSIVITY in all of INDIA. The network and tie ups this university has is unthinkable. - Around 550+ companies visit every year for such activities and campus-recruitment of students from LPU.
    N

    Navneet, Student / Alumni

    India has established around 2000 private engineering colleges in its origin to provide the best technical education to aspirants who are aspiring to make a career in the field of engineering. Engineering is a dream of most of the young personalities living in India. In India, there are many engineering colleges established to provide the education of technology to the students so that they can fulfill their dreams to become an engineer. Top 10 Private Engineering colleges in India ranked by NIRF VIT University, Vellore Amrita Vishwa Vidyapeetham, Coimbatore Thapar Institute of Engineering and Technology, Patiala BITS Pilani Amity University, Noida Lovely Professional University, Phagwara Birla Institute of Technology, Ranchi.

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    MBA Finance Management Course Curriculum

    The MBA Finance Management course curriculum helps students understand the conceptual framework of Management and Organisation Behaviour. They will be able to apply economic analysis to developing management policies. The course curriculum is designed to enable students to understand the fundamentals of financial management with a focus on the application of relevant tools and techniques of financial decision-making to maximise wealth creation. Here is a brief overview of the MBA Finance Management course curriculum:

    • Students can choose core subjects and subject-focused specialisations.
    • They have to compulsorily do internships in the social sector, government/public sector, and industry.
    • There are regular practices of exercises and case discussions are conducted.
    • The pedagogy includes lectures, projects and class presentations. 

    MBA in Finance Management Syllabus & Subjects

    The MBA in Finance Management syllabus develops an aptitude for analytical thinking and managerial decision making, devising strategies for improved financial performance and understand the risks and profitability related to business. It gives in-depth training to drive revenue and reduce costs. The MBA in Finance Management semester-wise syllabus is given below:

    First Year

    First Semester

    Second Semester

    Management Concept & Organisation Behavior

    Accounting for Managerial Decisions

    Economic Analysis for Decision Making

    Investment Analysis & Equity Research

    Financial Accounting & Reporting

    Risk & Insurance Management

    Quantitative Techniques for Management

    Mutual Fund Portfolio Management

    Marketing Management

    Business Regulatory Framework

    Financial Management

    Entrepreneurship & Project Management

    Business and Financial Environment

    Research Methodology & Report Writing

    Financial Markets and Institutions

    ICT, Soft Skills & Business Communication

    Second Year

    Third Semester

    Fourth Semester

    Strategic Management

    Corporate Governance and Business Ethics

    Merchant Banking & Financial Services

    Commodity Market and Futures

    Financial Derivatives & Risk Management

    Marketing of Finacial Services

    International Financial Management

    Accounting Standard and I.F.R.S.

    Tax Planning & Management 

    Retail Management

    International Accounting and Corporate Reporting

    Macroeconomics and Policy

    Corporate Restructuring & Financial Reengineering 

    Infrastructure Finance

    Human Resources Management

    Inclusive Finance

    Skills Required for MBA Finance Management

    To pursue a career after MBA Finance Management, professionals require knowledge of the subject and other soft skills. The technical skills required are financial management, artificial intelligence, risk analysis, and data visualization in finance. Soft skills or people’s skills include communication skills, work ethic, emotional intelligence, positive attitude, and other personal attributes crucial for success in business or a career. These skills combined lead to personal fulfilment and career aggrandisement. Here are some of the skills required to build a successful career in MBA Finance Management:

    • Financial Reporting: Here professionals need to reveal financial reports to stakeholders. The reports help to understand the performance of companies over time. Good financial reporting skills require time and effort to develop. 
    • Time Management: Employers value candidates who can manage their time well and it boosts productivity, reduces stress and creates an environment of engagement and creativity. 
    • Business Intelligence: MBA finance management graduates must have the business acumen to make wise and well-informed choices. They must be good at forecasting revenue and predicting inventory and associated information. They must have knowledge of enterprise resource planning like SAP and Oracle ERP. 
    • Analytical Thinking: It is necessary to develop analytical thinking to be a financial expert. One must analyse problems and come up with effective solutions. They have to deal with both technical and interpersonal aspects of finances to creatively solve problems. 

    MBA Finance Management Salary

    Salary is an important driving factor that encourages students to complete an MBA degree. The salary earned after MBA Finance Management is between INR 5 to 10 lakhs. The remuneration for professionals with higher job experience is above INR 10 lakhs. The table below will give an estimation of the average salary for various MBA Finance Management job roles: 

    Job RoleAverage Annual Salary (in INR)
    Asset Manager5.2 lakhs
    Credit Risk Manager9.2 lakhs
    Corporate Finance Manager15.3 lakhs
    Financial Analyst4.0 lakhs
    Corporate Banker10.5 lakhs
    Hedge Fund Manager12 lakhs
    Private Equity Manager4.5 lakhs


     

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