Getting an MBA degree seems logical for individuals who want to advance in their careers. No matter what sector you are currently in, you can still profit from an MBA in Finance. Given the time and money required, some might question whether getting an MBA in Finance is worthwhile. The benefits of an MBA in Finance are plenty, as it helps to develop the leadership qualities necessary to thrive in the field, especially for those who want to work in managerial roles in financial firms or as entrepreneurs.
The MBA specialisation in Finance is the most apt MBA programme for individuals interested in Finance. It provides a wide range of opportunities in various fields, including insurance, banking, investment, and the stock market. The MBA in Finance is currently a well-known and favoured career option for people worldwide. An MBA in Finance can help you develop and improve your leadership, creativity, and other talents. It allows students and professionals to get practical experience that helps them develop a strong career foundation and knowledge of the financial sector thoroughly.
Read on to learn why you should choose Finance specialisation in MBA and what MBA in Finance is all about.
Scope in the finance domain
Students with an MBA in Finance have access to a range of career prospects in the financial sector. Students will gain knowledge on how to evaluate corporate reports, predict economic trends, maximize stock value, select investment portfolios, and strike a balance between risk and profitability in this course. Students are also instructed on how to use financial risk management principles.
In both the public and private sectors, job prospects for MBA finance graduates are abundant. They can have the chance to work for businesses involved with Finance or the stock market. In addition, anyone with an MBA in Finance will also be able to operate their own business. An MBA in Finance graduate can find work opportunities in several industries, including asset financing, international finance, financial statement reporting, tax planning, and insurance management.
Master of Business Administration (MBA) in Finance teaches students to manage, invest, oversee, and evaluate the resources and money collected. The course provides an opportunity to comprehend and learn the subject of Finance more thoroughly. India’s leading B-schools offer an MBA in Finance, and candidates with a good background in Math and Accounting are suitable for the course. Notably, there are numerous lucrative employment options in this field.
Who should pursue an MBA in Finance?
Students pursuing an MBA in Finance must be prepared for professions in banking, accounting, corporate finance, financial planning, and other fields that are closely tied to the financial industry. Mathematics is an essential component of the curriculum because the program participants will work solely with numbers in the banking business. Investments and investment strategies, local and international economics, acquisitions and mergers, financial theories, and corporate insurance and risk are the main topics covered in the course.
In today’s changing world, financial management is an important part of an economy and a vital component of enterprises and industries. Students with the essential knowledge of both practical and theoretical ideas of finance can understand concepts like:
- Taxation, both direct and indirect
- Investment techniques
- Management of securities and portfolios
- Local and international economics
- Mergers and acquisitions, insurance, and corporate risk
Thus, they can opt for this specialization to advance their career. Leading financial institutions and businesses have started employing financial analysts and managers in response to the financial crisis caused due to the pandemic to protect their assets from such catastrophes in the future. It has significantly influenced employment prospects for financial experts and MBA Finance graduates at top businesses worldwide with generous compensation packages.
Why should you pursue an MBA in Finance?
Why to choose finance as an elective in MBA? Since an MBA is a business administration degree, the question “Why an MBA in finance?” might come to students’ minds. To simply answer this, the Finance sector is evolving, which is opening up new work opportunities in the industry. There are various benefits of an MBA in Finance. Listed below are some reasons why you should choose an MBA in Finance:
- Versatile domain: Finance is a discipline that is responsible for managing and sustaining the capital and costs required for almost all sectors. Therefore, unlike some other highly specialised MBA courses like hospitality or IT, this is not limited to only a few particular businesses.
- High demand: The need for an MBA in Finance will always exist, regardless of the business, which alone makes this program very versatile and in high demand, especially with the growing demand for individuals with Finance specialization.
- Extensive curriculum: The MBA in Finance curriculum covers an extensive range of topics like strategy, economics, statistics, leadership, and market conditions. Having extensive knowledge about these topics is the way for individuals to work as financial managers or analysts.
- Emphasis on skill development: Finance managers must possess a good sense of planning and strategy, as they make them extremely valuable assets in any firm. Thus, this course places emphasis on the development of skills that would be valuable for individuals who have a liking for Finance.
- Job security: Over the past few years, businesses that have been losing money and are unable to turn a profit have needed financial managers to help them navigate a market that is frequently uncertain. With an MBA in Finance, you’ll have the skills and business knowledge required to help a firm expand and achieve financial stability.
- Better earning potential: MBA Finance graduates are equipped with the skills and knowledge that are in high demand in various industries, thus possessing high earning potential.
- Lucrative career options: MBA in Finance graduates can work in a variety of job roles. Some of the most preferred job roles for MBA in Finance graduates are – Financial Analyst, Investment Banker, Public Accountant, Financial Advisor, Portfolio Manager, Bank Manager, Risk Manager, Credit Analyst, and Loan Officer.
MBA Finance course curriculum
Check out the MBA in Finance course details to know in-depth about the topics covered in this specialization. Financial concepts and analysis are given more attention in this course. Expanding expertise in statistics, economic analysis, and mathematics will help individuals to accomplish jobs and manage projects at the management level in the workplace. Students are taught these throughout the program with various activities, including management challenges, group projects, role plays, and traditional lectures.
The core subjects taught in this programme are:
- Cost accounting
- Financial planning and control
- Investment analysis and portfolio management
- Banking and insurance
- Micro and macro economics
- Fixed-income securities
- Advanced accounting
- Marketing and strategy
- Financial statement analysis
- Corporate finance
You can choose from the following elective subjects in this programme:
- Security analysis & portfolio management
- Mergers and acquisitions
- Taxation management
- Internal audit and control
- International financial management
- Treasury management
- Merchant banking and financial Services
- Insurance and risk management
MBA Finance salary in India
Individuals can have a successful career after an MBA in Finance as they can pursue a wide range of rewarding career options. Following are some of the top employment choices for MBA in Finance graduates:
- Investment Banker: An investment banker raises funds for the business from other potential investors and assists in managing securities and bonds as well as the risk of private wealth. The average yearly income for an investment banker in India is around 10 LPA.
- Cost Accountant: Since the MBA in Finance program in India teaches students about costing, auditing, accounting, etc., one can also pursue a profession in cost accounting. The average yearly income for a cost accountant in India is 7.2 LPA .
- Financial analysts: Financial Analysts analyze market conditions, investments, stocks, bonds, assets, and every other financial aspect of a business. They also keep an eye out for risks and downturns and offer advice on when to invest and when not to. The average yearly income for a financial analyst in India is INR 6 LPA.
- Financial officer: A financial officer might work for credit unions, banks, government agencies, private businesses, or any other organization that manages money and capital. They might be loan officials, stock traders, brokerage professionals, tax experts, etc. The average yearly income for a finance officer in India is ₹ 4.2 LPA.
Enroll in Online Manipal to become an in-demand Finance professional
The online MBA in Finance program from Online Manipal will equip you to lead successfully in today’s dynamic world. With a variety of new-age electives to pick from, you can specialize in any elective of your choice while learning skills valuable in the job market. Learn the most in-demand skills today by gaining admission to this online program and learn from the comfort of your home. Improve your professional career at your leisure with the help of a reputable faculty, and even take online tests with proctors from the comfort of your home. Corporate organizations, governments, and higher education institutions frequently accept MUJ’s online degrees for employment, higher education, and future chances. Manipal University Jaipur is one of the best colleges in India that offers an excellent MBA in Finance program. Their faculty magnifies the value of real-world insights so you can confidently forge your path to success.
Conclusion
Earning an MBA in Finance is crucial not only for today’s labor market but also for advancing one’s career if one has interest in the field of finance and a passion for the world of capital, money, funds, assets, and wealth.
When you choose to pursue an online MBA in Finance degree, you should look out for universities that have good accreditations, academic curriculum, faculty, etc. The program should teach you both theoretical and practical concepts so you can thrive in the financial industry successfully. Prepare to enter the world of Finance with skills and tools to manage finances and advance your career.
Disclaimer
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
