About
Course
The Executive MBA in Finance program is
specifically designed for highly qualified finance professionals. As an
extension of the MBA, the program emphasizes finance-related courses, such as
international corporate finance, hedging, derivatives, and bonds. This MBA is a
great option for ambitious working professionals who want to advance their
careers. In just three years, you'll be able to gain a valuable foundation in
corporate finance, financial management, and accounting.
The EMBA program is geared towards
senior and mid-level executives. While most MBA programs emphasize generalist
courses, the EMBA program is tailored toward professionals with extensive
business experience. Because of this, the admissions standards for an EMBA
program heavily weigh prior work experience. This advantage makes it easier for
you to graduate from the program without taking an entrance exam or enduring a
long application process. When you're ready to apply, click below for a
complete listing of MBA programs in executive finance.
In executive MBA programs, students
engage in intensive modular classes that build on their prior expertise while
filling in knowledge gaps. In addition to core classes, students also take
specialized electives. Upon completion of the program, they graduate with a
master's degree, a strengthened skills set, and an expanded network of alumni.
And because of their hands-on experience, they're better equipped to apply the
classroom knowledge once they graduate.
Course
Highlights
Particulars | Values |
Course Name | Master of Business Administration in Executive Finance |
Course Level | Post Graduate (PG) |
Course Duration | 1 year |
Examination Type | Semester System |
Eligibility Criteria | Graduate |
Admission Process | Entrance Exam, Group Discussion and Interview |
Specialization | Executive Finance |
Internship | Yes |
Entrance Exams | CAT, MAT, GMAT, etc. |
Course Fee | INR 3 Lacs to 8 Lacs |
Average Annual Salary | INR 6 Lacs to 12 Lacs |
Top Recruiters | Nokia, Godrej, Trident, Practo, Deloitte etc. |
Career Prospects | Financial Analyst, Finance Manager, Senior Financial Analyst, Senior Business Analyst, Business Analyst - IT, Operations Manager, Relationship Manager |
Why
Study MBA in Executive Finance?
For those who have extensive work
experience in the business world and are ready to take on a higher position,
the next step is the Executive MBA (EMBA). Subjects studied include courses in
accounting, leadership and finance.
The Executive MBA in Finance is the best
way to do this. Designed for qualified finance professionals who wish to
advance their careers through academic excellence. This degree provides a solid
MBA foundation and an emphasis on pure finance courses such as hedging,
derivatives, bonds and international corporate finance.
Ambitious professionals are sure to
receive comprehensive professional support by completing an advanced
professional degree such as the Executive MBA.
Executive MBA courses usually take place
in the evenings, on public holidays and at weekends. The Executive MBA in
Financial Markets is a truly unique program and the first of its kind in India.
Combining an in-depth study of how capital markets work with an in-depth study
of business, financial and accounting issues, the program prepares participants
for challenging positions at leading banks, financial institutions, brokerage
firms, brokers and regulators operating in the global financial markets. .
The program offers students real-time,
experiential learning about modern financial markets through the Executive MBA
in Financial Markets program. This is done through sessions in the ITM Business
Simulation Lab, a simulated securities trading environment. This unique lab
uses real-time simulations of contemporary financial markets to give students
first-hand experience of how different types of markets respond to information.
how different types of market participants use the information advantage or
protect themselves from the information disadvantage; and how trade and disclosure
laws affect the behavior and prosperity of traders in the marketplace.
Eligibility
Criteria
The following normal minimum qualifications apply for admission to the Executive MBA in Finance:
1. The candidate must have a degree in any discipline from a recognized university.
2. The candidate must have sufficient work experience in supervisory or managerial positions.
3. Admission criteria for each university differ slightly depending on the candidate's professional experience. In most cases, however, work experience is required to enter the Executive MBA program at a university.
Admission
Process
Below is the standard admissions process used by most B schools across the country. Knowing the procedure will also help you mentally prepare for all the steps you will have to take because the recording is not easy. Below is the general EMBA admissions method used by most universities:
1. Students must first pass competitive entrance tests such as CAT or GMAT.
2. You can enroll in the EMBA Finance course at a specific B school based on your exam results and score.
3. After the entrance exam, you will be selected by the university in personal interviews.
4. Once selected, you must pay a certain amount by a certain date to reserve your seat.
Skills
Required for MBA in Executive Finance
Some of the skills listed below can boost your confidence and lead to good results. Below is a list of the skills you need to acquire to become the best MBA in Executive Finance graduate:
1. Communication Skills: Communication skills are the skills required to properly speak to different people, maintain good eye contact, and use appropriate language with an audience.
2. Leadership Qualities: Leaders can communicate formally or informally with team members, motivate their team to work hard, manage assigned responsibilities, listen to everyone's feedback and then work on it.
3. Interpersonal Skills: Interpersonal skills are used every day to legitimately communicate and interact with people.
4. Organizational Skills: Aspirants should focus on various tasks and effectively use their time and mindset, energy, strength, mental ability and physical strength to achieve the desired goal in life.
Entrance
Exams for MBA in Executive Finance
To be admitted to the Executive Finance
MBA program, students must pass certain entrance exams that are held across the
country. Higher scores can lead to the best colleges in the country. Below are
the most popular MBA finance entrance exams:
CAT | SNAP |
IIFT | IBSAT |
CMAT | MAH CET |
NMAT | ATMA |
XAT | TISSNET |
TANCET | PGCET |
Fee
Structure
MBA funding fees range from INR 4 LPA to
LPA 20 depending on the institution’s facilities and services.
Name of College | Average Annual Fees |
IIM Ahmedabad | 23 LPA |
IIM Bangalore | 25 LPA |
IIM Calcutta | 23 LPA |
IIM Lucknow | 19.25 LPA |
IIT Kharagpur | 3.7 LPA |
Course
Comparison
Parameters | MBA in Executive Finance | BBA in Finance |
Course Name | Master of Business Administration in Executive Finance | Bachelor of Business Administration in Finance |
Course Overview | It is a management course designed for working professionals. Such courses are structured to impart management education to professionals aspiring to progress to mid- level or senior level management. | The objective of the course is to impart knowledge and skills related to investment, insurance, cost accounting, corporate strategy, international finance, and expenses. |
Course Duration | 1 year | 3 years |
Course Level | Post Graduate (PG) | Under Graduate (UG) |
Eligibility Criteria | 10+2 with minimum 50% marks | 10+2 with minimum 50% marks |
Admission Process | Merit/Entrance Based | Merit/Entrance Based |
Career Prospect | Loan Officer, Credit analyst, Financial Manager, Recover Agent, Business analyst, etc. | Financial Analyst, Finance Manager, Senior Financial Analyst, Senior Business Analyst, Business Analyst - IT, Operations Manager, Relationship Manager |
Average Annual Salary | INR 6 to 8 LPA | INR 4 to 5 LPA |
Top
Colleges of MBA in Executive Finance
Listed below are some of the top MBA in
Executive Finance Colleges in India which offer the course:
Name of College | Average Annual Fee (INR) | Location |
Symbiosis Institute of Management | INR 5 LPA | Pune |
IIM | INR 24 LPA | Ahmedabad |
IIM-C | INR 22 LPA | Kolkata |
IIM | INR 18 LPA | Indore |
Faculty of Management Studies | INR 50,000 PA | Delhi |
IIM | INR 17.7 LPA | Lucknow |
Jamnalal Bajaj Institute of Management Studies (JBIMS) | INR 2 LPA | Mumbai |
XLRI | INR 16 LPA | Jamshedpur |
Delhi Technological University (DTU) | INR 1.85 LPA | New Delhi |
NMIMS University | INR 8.75 LPA | Mumbai |
Jobs
and Placements in MBA in Executive Finance
There are numerous employment
opportunities after completing a full-time Executive MBA in Finance degree in
India, especially if the degree has been obtained from a reputable institution.
The length of this program depends on the different types of programs offered
by the different institutions in India.
Finally, the salaries on offer tend to
be higher after completing a full-time MBA in Executive Finance in India, as
most employers consider an Executive MBA in Finance with 5 years of work
experience before pursuing an MBA.
Applicants admitted to this course
typically have 6 to 13 years of professional experience and are working as
manager, general meeting and area manager at the time of admission. After
completing their graduate studies, they join the organization in positions such
as CEO, Vice President, General Manager and Senior Director.
There are many large companies with
offices in India that employ Executive MBA Finance graduates.
Job Profile | Average Annual Pay in INR |
CEO | INR 30 Lakh |
Managing Director | INR 28 Lakh |
Operations Director | INR 20 Lakh |
Operations Manager | INR 7 Lakh |
Executive Director | INR 35 Lakh |
Finance Manager | INR 12 Lakh |
Consultants | INR 10 Lakh |
Assistant Finance Manager | INR 8 Lakh |
Top International Recruiting Companies who hire MBA in Executive Finance graduates are:
1. Deloitte
2. Goldman Sachs
3. Google
4. Oracle
5. IBM
6. Unilever
7. Microsoft
8. Ernst and Young
9. HSBC
10. General Motors
11. Mc Kinsey & Co.
12. KPMG
Job Profile | Job Description | Average Salary in INR |
Financial Analyst | A Financial Analyst forecasts future revenue and expenditures to help determine budgets for upcoming projects. A typical Financial Analyst job description should highlight researching and reporting on financial information, as well as monitoring financial movements within the market. | INR 5,17,000 |
Finance Manager | A Finance Manager is a key professional responsible for ensuring the financial health of an organization. They conduct accurate data analysis and offer advice to senior management on strategies to maximize profits, securing long-term success for the company. | INR 14,65,000 |
Business Analyst | A Business Analyst will communicate with the top stakeholders in the organization to analyze business requirements, processes, and information systems, and will also help drive the business in the right direction by improving the products, services, and software with the help of data analytics. | INR 7,00,000 |
Operations Manager | Operations Managers oversee operational activities at every level of an organization. Their duties include hiring and training employees and managing quality assurance programs. | INR 8,37,500 |
Relationship Manager | A Relationship Manager is responsible for building and maintaining positive relationships with customers, identifying opportunities for business growth, and resolving customer complaints. | INR 3,50,000 |
Chief Executive Officer | CEOs are the highest-ranking executive at a company. They make major corporate decisions, manage the company's overall resources and operations, and communicate with the board of directors, management team, and corporate operations. | INR 32,10,000 |
Scope
for MBA in Executive Finance
MBA students can choose between jobs in
the commercial and government sectors. Upon graduation, students can begin
working in the stock market, a major organization, or even in a ministry of
finance. A graduate can also set up their own company. This field of study is
as diverse as the careers of its graduates, with options in banking,
non-banking, and virtually any industry. While the scope of executive finance
may change from one decade to the next, there are many potential jobs available
to MBAs.
The future scope of MBA Executive
degrees is bright. In developed countries, graduates can expect to earn higher
salaries than their counterparts. Job opportunities in finance are projected to
grow rapidly according to the US Bureau of Labor Statistics, making them
excellent candidates for higher-level positions. Additionally, MBA graduates
can expect to enjoy an improved salary, especially in finance. As such, the
number of MBA graduates in the field will increase in the coming years.
While an MBA takes two years to earn on
a full-time basis, an EMBA can be completed in less time, typically as
part-time study. Because the curriculum of an EMBA focuses on applied learning,
many programs are designed to be completed in 18 months, with others taking
three years. If you are already in a senior position, however, an EMBA program
could help you advance your career.
MBA in
Executive Finance: Career Prospects
An MBA in finance gives students the
skills to manage a company's financial affairs. MBA programs are designed to
prepare working professionals for executive positions in the corporate world.
While most MBA programs offer courses in accounting and business management,
some specialize in finance, marketing, or leadership. The Executive MBA in
finance program is a specialized program designed for individuals who are
already employed in the financial sector and want to advance their careers. MBA
in finance graduates are more likely to land a better job than their non-MBA
counterparts.
An EMBA can strengthen your existing
professional network. During the program, you will meet working professionals
from a variety of industries. You will meet people with different levels of
experience and gain valuable contacts who can help you in your job search. Some
of these connections can help you change jobs or switch to a new profile. In
addition, the experience that EMBA graduates gain will translate into a wider
range of employment opportunities.
The demand for MBA graduates continues
to grow, and opportunities are plentiful. Employers are willing to pay well for
experienced professionals. However, you should consider your time commitment
before committing to an MBA program. While there are many job opportunities in
corporate finance, they pay less than their counterparts in the for-profit
sector. Make sure you research different industries before you apply for an MBA
program. You will find several career paths in the field of executive finance.
FAQs
(1). What
additional admission or selection criteria apply to the Executive MBA program
in addition to passing the entrance exam?
Ans: Each B school offering an Executive
MBA program has its own unique criteria for final admission of students who are
preselected based on their entrance exam results. Personal interviews, writing
essays, mission statements, and letters of recommendation are among the most
popular requirements. As part of the final selection process, several
institutions also organize group discussions, case studies and psychometric
tests.
(2). Executive MBA
is very expensive. What are the different ways to deal with this problem?
Ans: Yes, getting an Executive MBA is
expensive. To cover their expenses, most students take out bank loans or use
their own money that they have saved over the years. In addition, many
organizations support Executive MBA programs for their employees. Companies
invest in their employees to benefit later and take the business to a new
level.
In this sense, it
is a win-win situation for both the company and the employee. However, there is
one condition. Students in the sponsored category generally pay more than other
students. If you've decided to pursue an Executive MBA, one of these options
can help you manage your finances.1
(3). Are there any
Institutional Scholarships for Executive MBA Students?
Ans: Yes, several Indian universities such
as IIM Ahmedabad, Indian School of Business, Hyderabad and Mohali and overseas
institutes such as Imperial College London, INSEAD, Kellogg University and
London Business offer full-time Executive MBA scholarships. Scholarship
eligibility requirements vary by institution or university.
(4). What are the
most common way students pay for their Executive MBA and what are my options?
Ans: Most students pay for their education in one of the following ways:
1. Self-financed.
2. Partial financial contribution.
3. Public and commercial sector loans.
4. Veteran Benefits
(5). Is an
interview necessary?
Ans: Yes, Interview is necessary. Recruiter
interviews may occur before or after a complete application is submitted.
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