Aditi Chaurasia
Table of Contents
A Brief Introduction To MBA Finance
MBA Finance is a high-profile career option in the financial world. It refers to the study of various aspects of finance, such as management, control, and assessment of collection, investment, and resources. This field revolves around the analysis of company reports and the system of money, taking measures to maximize stock values, and balancing risk and profitability.
Course Details
| Duration | 2 Years |
| Degree Type | Postgraduate |
| Degree Name | Master of Business Administration in Finance |
| Eligibility Criteria | Graduate from any stream with min 50% score from a recognized University |
| Average Fees | 10,000- 20 LPA |
| Average Salary | INR 10 LPA |
| Entrance Exams | CAT, XAT, GMAT, MAT, NMAT, SNAP |
| Top Recruiters | Deloitte, McKinsey, E&Y, Morgan Stanley, Deutsche Bank, Amazon, GS, P&G |
| Job Profile | Financial Advisor, Accounts Manager, Investment Banker, Financial Planner, Finance Manager, Equity Research Analyst, Budget Analyst, Cashier |
Why choose MBA in Finance?
As per the reports, the banking sector provides great job opportunities with high wages. It is very beneficial for those who want to excel in the field of finance. As per reports, the banking and finance sectors are capable of providing job opportunities to around 8.4 million people in the coming years. Because finance is so versatile, it can come from both the public and private sectors. Finance roles are constantly evolving and changing, providing an excellent opportunity for professional advancement in a short period of time.
Amazon, Boston Consulting groups, Bain & Company, JP Morgan Chase, HDFC and other top companies recruit MBA Finance graduates. A finance graduate from a business school can expect to earn INR 6-8 LPA.
MBA Finance provides job opportunities in the following profiles-
- Investment Banking
- Financial Advisor
- Accounts Manager
- Budget Analyst
- Equity Research Analyst
- Consulting
- Merchant Banking
- Risk Management
- Private Banking
- Asset Management
- Project Finance
- Private Equity/Venture Capital
When can one apply for MBA in Finance?
- Average 50% in BBA, BA, B.Sc, B.Com, BCA
- Participate in national, state & university level entrance exams like CAT, XAT, NMAT, GMAT, CMAT, SNAP
- No age restriction
- Work experience is recommended
- Accounting, Taxation, Economics & Finance skills are required
Different Categories Of MBA Finance
- Full-Time (2 Years): Bachelor’s degree with 50% passing marks along with a valid score in CAT, ATMA, or any other MBA exams.
- Part-Time(2-3 Years): 50% marks in graduation along with 2-3 years of work experience. Admission is based on profile and performance in GD/PI rounds.
- Online (2-4 Years): 50% marks (45% for reserved category) in graduation from any discipline.
- Distance (2 Years): 50% marks in any bachelor’s degree and a valid CAT/MAT/GATE or any other MBA exam score. (Some colleges select students based on merit)
Admission Process To Be Followed For MBA Finance
- Candidates should enroll in colleges/ universities offering MBA in Finance
- Candidates must meet the eligibility criteria
- Eligibility score as set by college/ university should be checked
- The academic records should be proved through valid documents
- Some colleges/ universities accept first come, first served while others check performances in various entrance tests.
Eligibility Criteria
- To pursue MBA in Finance, candidates need to graduate with a bachelor’s degree from a recognized university.
- Most of the B-schools require 50% in graduation.
- Final-year students can also apply (If your results are not out, you can get a certificate from the college)
- Some MBA Finance courses may need some work experience.
Entrance Exams
| Exams | Important Dates | Exam Pattern |
|---|---|---|
| CAT 2023 | Registration- 1st week of August 2023Exam Date- 26th November 2023 | Verbal Ability & Reading ComprehensionData Interpretation & Logical ReasoningQuantitative Ability 66 Questions 120 Minutes |
| XAT 2024 | Registration- 3rd week of August 2023Exam Date- 1st week of January 2024 | English Language/ Verbal & Logical ReasoningDecision Making/ Analytical ReasoningQuantitative Ability/ Data IntrepetationEssay WritingGeneral Awareness 100 Questions 180 Minutes |
| NMAT 2023 | Registration- 1st week of August 2023Exam Date- 3rd week of October 2023 to 3rd week of December 2023 | Quantitative SkillsLanguage SkillsLogical Reasoning 108 Questions120 Minutes |
| GMAT | Registration- August 2022Exam Date- January 2023 to April 2023 (Exam Dates are not fixed) | Analytical Writing Assessment Integrated ReasoningQuantitative ReasoningVerbal Reasoning 80 Questions3 Hours 7 Minutes |
| CMAT 2023 | Registration- 20 January 2023Exam Date- 12 March 2023 | Language Comprehension Quantitative & Data InterpretationLogical ReasoningGeneral AwarenessInnovation & Entrepreneurship 100 Questions3 Hours |
| SNAP 2023 | Registration- 2nd week of August 2023Exam Date- 2nd week of December 2023 | General English Quantitative, Data Interpretation & Data SufficiencyAnalytical & Logical Research |
Syllabus for MBA Finance
This 2-year course follows the same format in around every MBA Finance Institute. In the 1st year, students are taught generic topics and then in 2nd year specialized subjects are taught. In the last year, students have to do internships, which is considered an important part of the curriculum.
MBA Finance Syllabus 1st Year
| Macroeconomics and Business Environment | Financial Functions |
| Managerial Economics | Financial Management |
| Valuation of Bond and Shares | Cost of Capital |
| Advanced Marketing | Leverage |
| Introduction to Time, Value and Money | Cost of Different Sources in Finance |
| Macroeconomics | Capital Structure: Introduction, Features, & Factors Affecting Capital Structures |
MBA Finance Syllabus 2nd Year
| Theories of Capital Structure-Portfolio Analysis | Capital Budgeting-Risk Analysis in Capital Budgeting |
|---|---|
| Money and Capital Markets | Capital Rationing |
| Statistics for Business | Working Capital Management |
| Dividend Decisions | Cash Management |
Projects
- Investment Analysis of the Company
- Financial planning for Salaried Employee
- A study on Working Capital Management
- A study on cost and costing model
- A study on Cash Management
- Income Tax Planning in India
- Senior Citizen Portfolio
- Study on Finance Self help
Top MBA Finance Colleges in India with Fees
MBA Finance Distance Education
It is a 2-year degree course, and students graduated with 50% in any stream. Students with a bachelor’s degree in management or finance discipline will get a preference.
| ICFAI MBA Finance | INR 63,000 |
| Suresh Gyan Vihar University MBA Finance | INR 52,000 |
| IMT CDL MBA Finance | INR 88,000 |
| IGNOU OPENMAT MBA Finance | INR 35,000 |
| Sikkim Manipal University | INR 80,000 |
| Annamalai University MBA Finance | INR 39,700 |
| Symbiosis Centre for Distance Learning | INR 40,000 |
| MIT Pune MBA Finance | INR 59,000 |
| LPU MBA Finance | INR 50,000 |
Government Colleges for MBA Finance
| Alagappa University, Karaikudi | INR 25,700 |
| BBAU Lucknow | INR 1,80,000 |
| RMLAU Faizabad | INR 50,900 |
| GNDU Amritsar | INR 3,15,490 |
Private Colleges for MBA Finance
Many colleges/universities provide MBA Finance courses. Some of the top colleges are listed below:
Top MBA Finance Colleges in Delhi
| IMT Ghaziabad | 1,953,000 |
| Amity University, Noida | 726,000 |
| G. D Goenka University | 375,000 |
| IMS, Ghaziabad | 795,000 |
| LBSIM, New Delhi | 1,390,000 |
| Amity Business School | 767,000 |
Top MBA Finance Colleges in Mumbai
| Shailesh J. Mehta School of Management, Mumbai | 6,910,100 |
| NL Dalmia Institute of Management Studies and Research | 1,020,000 |
| SP Jain Institute of Management and Research | 1,750,000 |
| Narsee Monjee Institute of Management Studies | 602,000 |
| KJ Somaiya Institute of Management | 817,290 |
| Amity University | 500,000 |
Top MBA Finance Colleges in Pune
| Pune Institute of Business Management | 7,95,000 |
| Bharati Vidyapeeth Deemed University | 250,000 |
| Symbiosis Institute of Business Management | 980,000 |
| Symbiosis Centre for Management and Human Resource Development | 940,000 |
| MIT World Peace University | 375,000 |
Top MBA Finance Colleges in Chennai
| Indian Institute of Technology, Madras | 1,125,000 |
| Great Lakes Institute of Management | 1,601,000 |
| Rajalakshmi School of Business | 600,000 |
| Loyola Institute of Business Administration | 1,526,000 |
| Department of Management Studies, Anna University | 20,500 |
| Sairam Institute of Management Studies | 75,000 |
Top MBA Finance Colleges in Kolkata
| IIM Calcutta | 2,320,000 |
| IIM Kolkata | 1,050,000 |
| Army Institute of Management | 585,000 |
| Calcutta Business School | 745,000 |
| Institute of Engineering & Management | 600,000 |
World’s Top MBA Finance Colleges
Top MBA Finance Colleges in UK (Fees PA)
| Oxford University | INR 64,81,737 |
| London Business School | INR 98,01,240 |
| Queen’s University | INR 56,99,477 |
| University of New South Wales | INR 43,13,963 |
| University of Nottingham | INR 26,34,630 |
Top MBA Finance Colleges in USA (Fees PA)
| University of Chicago | INR 64,23,439 |
| New York University | INR 77,27,255 |
| University of California | INR 47,20,392 |
| University of Pennsylvania | INR 73,20,000 |
| University at Buffalo | INR 23,40,000 |
Top MBA Finance Colleges in Canada (Fees PA)
| Rotman School of Management, University of Toronto | INR 41,80,000 |
| Smith School of Business, Queen’s University | INR 790,000 |
| University of Alberta | INR 1,73,000 |
| Laval University | INR 730,000 |
Top MBA Finance Colleges in Australia (Fees PA)
| Flinders University | INR 28,60,000 |
| University of South Australia | INR 21,40,000 |
| University of Southern Queensland | INR 970,000 |
| Bond University | INR 15,60,000 |
Scope In MBA Finance
MBA Finance is an evolving career opportunity. It is highly professional with a high wage salary.
Career Prospectus:
- Investment Banking
- Financial Advisor
- Accounts Manager
- Budget Analyst
- Equity Research Analyst
- Consulting
- Merchant Banking
- Risk Management
- Private Banking
- Asset Management
- Project Finance
- Private Equity/Venture Capital
MBA Finance Jobs, Placements & Salary
The average salary for different positions are given below
| Investment Banking | 1.9 LPA |
| Financial Advisor | 3.72 LPA |
| Accounts Manager | 2.4 LPA |
| Budget Analyst | 3.5 LPA |
| Equity Research Analyst | 2.4 LPA |
| Consulting | 1.2 LPA |
| Merchant Banking | 3.3 LPA |
| Risk Management | 2.9 LPA |
| Private Banking | 1 LPA |
| Asset Management | 2.4 LPA |
| Project Finance | 3.6 LPA |
| Private Equity/ Venture Capital | 2.7 LPA |
MBA Finance Top Recruiters
MBA Finance is a kind of specialization that can provide students with vast career options in the field of finance in many governments as well as private companies. A few of them are listed below-
Top Recruiters:
- Deloitte
- Goldman Sacs
- Morgan Stanley
- Boston Consulting Groups
- Bain & Company
- McKinsey
- Barclays
- P&G
- National Bank of India
- HDFC
- State Bank of India
Internships
A MBA Finance student can learn basic assistance on the financial institution while learning its operations and complexities. Students can do internships in the following profiles from any certified company:-
- Finance Intern
- HR Intern
- Social Media
- Management Trainee for HR, Finance, Marketing
- Audit and Taxation Executive
Comparison: MBA Finance V/s MBA Marketing
| Course Name | MBA in Finance | MBA in Marketing |
|---|---|---|
| Full Form | Master in Business Administration in Finance | Master in Business Administration in Marketing |
| Duration | 2 years | 2 years |
| Entrance Exam | CAT, XAT, NMAT, GMAT, CMAT, SNAP | CAT, XAT, NMAT, GMAT, CMAT, SNAP |
| Eligibility | 50% marks in graduation + work experience (optional) | 50% marks in graduation + work experience (optional) |
| Fees Structure | 10,000 – 20 LPA | 3 – 10 LPA |
| Top Colleges | IIM Bangalore, IIM Calcutta, VELS Chennai | IIM Ahmedabad, FMS Delhi, ISB Hyderabad |
| Top Recruiters | HSBC, Barclays, Deutsche Bank, Goldman Sachs, etc. | Procter and Gamble, Microsoft, Morgan Stanley, etc. |
| Technical Skills | Commerce background, Knowledge of Financial instruments, Know-how of financial statements, Expertise of MS Excel. | Knowledge of marketing strategies, and understanding of target customers |
| Average Starting Salary | INR 3,91,814 | INR 3,62,450 |
| Career Options | Accountant Broker, Tax Planner, Investment Banker, Estate Planner, Assistant Manager, Consultant, Manager, General Manager, Chief Financial Officer | Sales Associate, Customer Relationship Executive, Market Research Analyst, Brand Manager, Product Manager, Digital Marketing Head, General Manager, Chief Marketing Officer |
| Important Subjects | Portfolio Management, Hedge Funds, Insurance Management, and International Financial Markets. | Brand Management, Customer Relationship Management, Consumer Behaviour, Digital Marketing, Retail Management, Marketing Research |
Frequently Asked Questions About MBA Finance
Q. Is the MBA in Finance a difficult program?
Ans. MBA Finance includes mathematics and statistics, which may be difficult for students belonging to other specializations.
Q. Is math compulsory in MBA Finance?
Ans. Though this course includes accounting, taxation, finance, and Economics but one doesn’t need to opt for math.
Q. Is MBA Finance good for the future?
Ans. Finance is a continuously evolving, high-paying career option in a number of profiles. So, yes it is really a good career option from the present as well as future perspectives.
Q. What are the top entrance exams to crack MBA Finance colleges/ universities?
Ans. CAT, XAT, NMAT, GMAT, CMAT & SNAP
Q. Which entrance exam helps to qualify for MBA in Finance Abroad?
Ans. A high GMAT score can help you gain admission to MBA Finance programs at colleges and universities around the world.
Q. What is MBA in Finance?
Ans. MBA in Finance is a high-profile career option in the financial world. It refers to the study of various aspects of finance such as management, control, and assessment of collection, investment, and resources. This field revolves around the analysis of company reports & system of money, taking measures to maximize stock values, and balancing risk and profitability.
Q. What are the questions asked in an interview?
Ans. Questions that are asked in PI rounds are mainly the basic questions related to finance like definition, types, meaning, advantages and disadvantages. Along with that, some personal questions are also asked like why you chose to make a career in finance, your achievements to date, strengths & weaknesses, and many more. While giving the interview one must be confident, to the point, and engaged with the interviewer
Q. Can I join any government organization after completing MBA in Finance?
Ans. Students can apply in the government sector including banks, railways, and government companies. It is a good and secure career. Banks and other public sector businesses all constantly promote so keep tracking them.
Here is a list of few Government organisation in which passouts can apply:
| Organization | No. of Vacancies | Salary Per Annum |
|---|---|---|
| Reserve Bank of India | 6800 | 17.9 L – 20 L |
| State Bank of India | 5400 | 8.7 L – 10 L |
| National Payments Corporation of India | 5800 | 7.50 L – 10 L |
| Life Insurance Corporation of India | 4400 | 6.10 L – 9.50 L |
| Coal India | 6000 | 16.10 L – 20 L |
Q. What is the difference between MBA in Finance and Masters in Finance?
Ans. An MBA course offers more flexible curriculum as compared to Masters. Since, Master of Finance is a good course but students completing MBA tend to have higher salary that that of students of MS.
Q. What are the top tier 1 and tier 2 MBA in Finance colleges?
Ans. Tier 1 MBA Finance colleges in India:
- IIM Ahmedabad
- IIM Banglore
- IIM Calcutta
- IIM Lucknow
- IIM Indore
- IIM Kozhikode
Tier 2 MBA Finance colleges in India:
- Symbiosis Institute of International Business
- TA Pai Management Institute, Manipal
- IMI Delhi
- Symbiosis Institute of Business Management, Bangalore
- IIM Ranchi
Q. What is the required percentile of IIMs for MBA in Finance?
Ans. The cutoff of IIMs is 90 to 95 percentile for the General category and 65 to 70 percentile for reserved category candidates.
Q. Can MBA in Finance pursued in Hindi?
Ans. Hindi medium students who graduated from any recognized university can apply for MBA in Finance but generally the entrance exams and course books are in English language. So, students need to have knowledge of basic english language.
