Why MBA in Finance?This is a question that many students come up with after completing their bachelor’s degree programme. MBA in Finance is undoubtedly an excellent choice for graduates, who are genuinely motivated to pursue a career in the field of finance. A good reason to consider for why MBA in Finance is the competency it offers to perform various administrative roles in the domain. However, due to the lack of knowledge about the scope of the subject and the various job opportunities it offers, many students often get confused as to whether pursuing MBA in Finance is worth the time and money.
To assist students about the numerous, lucrative job opportunities after MBA in Finance and building an excellent career in the field, we have prepared a comprehensive guide explaining the professional and academic scopes the field offers. In this blog, you will get in-depth knowledge about an MBA programme, what are its different areas of specialization, and why to do MBA in Finance.
What is MBA in Finance?
Master’s in Business Administration (MBA) – Finance imparts know-how on management, investment, control and review of the collection and resources of money. The course offers opportunities to understand and learn the field of finance more vividly. MBA in Finance is provided by all the top B-schools in India. The course needs candidates with a strong background in accounting and mathematics. Notably, career opportunities in this domain are varied and remunerative.
The admission procedure and eligibility criteria for MBA in Finance are the same as MBA (General). Mostly, all the institutions admit applicants on the basis of entrance examination (XAT, SNAP, CAT, MAT, GMAT and others) scores.
The basic business administrative skills are imperatives for an MBA candidate specializing in finance as a major. These comprise analytical and problem solving skills, communication skills, leadership skills, interpersonal skills, teamwork and initiatives, among others. The dimensions for MBA in Finance are extensive internationally as there are several renowned institutions that provide international finance programs.
An MBA degree with a specialization in finance is surely the best way to secure a lucrative career offering excellent employment opportunities. Such a degree helps students get an insight into how the financial world functions, different financial theories and how to solve different business problems.
What does MBA in Finance cover?
A degree in MBA Finance prepares candidates for careers in the domain of financial planning, accounting, corporate finance, banking, and others closely related to the financial sector. Since students pursuing the programme will be dealing exclusively with numbers in the finance industry, mathematics is an integral part of the curriculum. Courses focus on investments and investment strategies, global and domestic economics, mergers and acquisitions, financial theories, and corporate risk and insurance.
MBA in Finance places a stronger focus on financial theories and analysis. Students expand their knowledge in economic analysis, statistics, and mathematics, which can help them in performing tasks and handling projects at the management level in the workplace. During the programme, students learn through various activities, including management stimulations, teamwork projects, traditional lectures, and role plays.
Subjects that are covered under MBA in Finance include:
- Financial Management
- Strategic Financial Management
- Global Financial Management
- Managerial Economics
- Management Accounting
- Financial Derivatives
- Accounting for Managers
- Project Management
- Mergers & Acquisitions
- Operations Research & Management
- Merchant Banking & Financial Services
- Security Analysis & Portfolio Management
Finance not only forms an essential division of an economy, but also a cardinal element of businesses and industries in today’s evolving world. MBA in Finance constructs the core for both theoretical and practical know-how that assists aspirants to understand concepts like:
- Direct and Indirect Taxation
- Investment Strategies
- Securities and Portfolio Management
- Local and Global Economics
- Insurance and Corporate Risk
- Mergers and Acquisitions
Why MBA in Finance?
One of the prime reasons why MBA in Finance has become a preferred choice for aspirants lies in the financial crisis that the world faced in the past. In reaction to the crisis, top financial institutions and companies have started hiring managers and financial analysts to safeguard their assets against any such future occurrences. This has greatly contributed to the increasing number of job opportunities offering lucrative pay package to finance professionals and MBA Finance graduates in leading companies across the globe.
Great career prospects and job opportunities
MBA in Finance is in significant demand as there are immense lucrative career options in this domain. Aspirants study to scrutinize company reports, take measures to maximize stock value, analyze and forecast economic trends, balance risk and profitability and choose investment portfolios. Students are also trained on how to apply the concepts of financial risk management.
As already mentioned above, the finance sector is expanding, and with it, the number of career opportunities is growing too. With a specialized degree in MBA (Finance), you can work with the following:
- Financial planning service providers
- Investment service providers
- International financial management companies
- Corporate management companies
- Brokerage firms
- Credit unions and private banks
- Commercial and investment banks
- Insurance companies
- Financial intermediary companies
After completion of the programme, graduates have immense job opportunities in the government and private sectors. They can work with any financial organization or operate in the stock market. Besides, anyone with an MBA in Finance can run his or her own business independently. Also, the degree programme offers opportunities to work in other fields, such as tax planning, taxation, investment banking, hedge fund management, financial statement reporting and analysis, asset finance, insurance management and international finance.
Job roles awaiting MBA Finance graduates include:
- Treasurer and Finance Officer
- Accounting Manager
- Corporate Controller
- Cash Manager
- Insurance and Risk Manager
- Investment Banker
- Chief Financial Officer
- Financial Analyst
- Credit Manager and Specialist
- Manager Consultant
- Investing Sales Trader and Associate
- Investment Banking Associate
- Budget Analyst
- Commodities, Securities and Financial Services Sales agent
- Financial Advisor
- Financial Manager
Companies hiring MBA Finance graduates
If you are eyeing for top recruiters after completing your MBA Finance degree, rest assured that there is no shortfall of good companies and brands looking for qualified, skilled finance managers. Almost every organization has a finance and accounting division. Therefore, all organizations are potential employers for MBA Finance candidates.
Nevertheless, speaking of leading recruiters of finance managers, private equity organizations, investment banking companies, hedge fund shops, and venture capitalists along with general corporate organizations and financial institutions make it to the list. In addition to this, candidates looking to build their career in the public sector have a great opportunity to find jobs in RBI, finance ministry or other allied organizations.