MBA is a common abbreviation for Masters of Business Administration, a two-year post-graduation degree that can help you learn about the intricacies of business operations. An MBA has three most popular specialisations: Finance, HR, and Marketing. However, an MBA in Finance is one of the most sought-after MBA disciplines because of its high demand and surge in corporate scope. Finance is one of the most important assets of any organisation. Therefore, businesses need professionals with strong knowledge of the operation of the financial world.
Most aspiring management professionals looking for secure and handsomely paid jobs often opt for finance as their MBA specialisation. If you are considering doing an MBA in finance, this article is just for you. Keep reading this article to learn about the six most important things to know before opting for finance specialisation in MBA.
1. What is MBA in Finance?
An MBA in Finance is a discipline that deals with financial resources, investment, and cost in the context of the business. It covers various topics in finance, such as financial planning, financial management, corporate budgeting, portfolio management, and cost of capital. The MBA in Finance graduates are well-versed in managing a company’s finances and can make financial plans and predictions using its stock and value.
2. Programme structure of MBA in Finance
The programme structure of an MBA in Finance can be different for different colleges. But to give you an idea, here are some of the common subjects covered under an MBA in Finance course:
- Accounting for Managers
- Financial Management
- Investment Management and Portfolio Manager
- Rural Finance
- Business Analytics
- Financial Econometrics
- International Finance and Risk Management
- Corporate Valuation
3. Job prospects of doing an MBA in Finance
An MBA in Finance can make you eligible for a plethora of job opportunities across different field finance divisions. Some of these include banking, accounting, taxation, managers, stock management, and management of funds. As an MBA in Finance graduate, here are some potential jobs:
- Financial Analyst
- Corporate Finance Manager
- Hedge Fund Manager
- Private Equity Manager
- Financial Analyst
- Credit Risk Manager
- Asset Manager
Treasury management and trading in derivatives are some of the other common jobs in finance.
4. MBA in Finance pay packages
An MBA in Finance graduates are often the most valuable asset for any organisation and are therefore well-paid. The average annual salary of an MBA in Finance graduate in India is approximately INR6,80,000. Moreover, with growing knowledge and experience, salaries can increase manifold.
5. Top recruiters for an MBA in Finance
MBA graduates have expertise in management and finance, which offers them an edge. Here are some of the top recruiters in MBA in Finance:
- Morgan Stanley
- Microsoft
- Goldman Sachs
- KPMG
- Deloitte
- HDFC
- JP Morgan
- Barclays
- Amazon
- Intel
6. Scope of doing an MBA in Finance
The scope of doing an MBA in Finance is vast, as finance is central to businesses of sizes. Every industry, including advertising, consulting, Information Technology, and real estate businesses. It allows the graduate to work in areas including taxation, investment, asset finance, financial statement analysis, insurance management, and many more.
Considering these factors can help you make an informed decision about choosing to do an MBA in Finance. Therefore you must do your research while also shortlisting the programmes you would like to attempt. Then it’s time to apply and wait for your career to start!