MBA (Wealth Management): Courses, Admission, Syllabus, Colleges, Eligibility, Entrance Exam, Career Scope and Salary

(1). About the Course

MBA (Wealth Management) or Master of Business Administration in Wealth Management is a two-year Post-Graduate degree program. A full-time Master of Business Administration in Wealth Management wishes 4 semesters of six months each. Wealth control is a complicated expert carrier that entails accounting, taxation, retirement planning, and criminal or property planning.

Clients work with an unmarried wealth supervisor who coordinates entry from economic professionals and subsequently includes coordinating advice from the client's attorney, accountants, and insurance agent. Some wealth managers additionally offer banking offerings or recommendations on philanthropic activities. Wealth management is more than just investment advice, as it encompasses all aspects of an individual’s financial life.

The underlying idea of the concept of wealth management is that rather than trying to integrate pieces of advice and various products from a series of professionals, individuals with high net worth benefit from a holistic approach in which a single manager Coordinates all of the offerings had to manipulate their cash and plan for his or her very own or their family's modern and destiny needs.

While the function of a wealth supervisor is to offer offerings in components of the monetary field, a few select to specialize, especially in areas. This can be primarily based totally on the information of the wealth supervisor in a query or the number one cognizance of the enterprise inside which the wealth supervisor operates.

The average annual course fee in India ranges between INR 35,000- 1,40,000, depending upon the institute offering the course. The basic eligibility criterion to pursue the course is graduation completed from a recognized university with a minimum aggregate score of 60%. The average annual starting salary offered in India to successful postgraduates of the course ranges between INR1,00,000-9,00,000 depending upon the candidate’s expertise in the field.

Course Highlights                            

Listed below are some of the major highlights of the course:

Particulars	Value
Course Name	Master of Business Administration in Wealth Management
Course Level	Postgraduate
Course Duration	2 year
Eligibility Criteria	Graduation with a minimum aggregate score of 60% from a recognized university
Examination Type	Semester based
Admission Process	Merit-based/Entrance-based
Average Annual Fee	INR 35,000-1,40,000
Average Annual Salary	INR 1,00,000-9,00,000
Job Profiles	Investment Analyst, Relationship Manager, Equity Analyst, Wealth Manager, etc.
Top College	M.M. Institute of Management, SVIIT, Venkateshwara open university, MIT School of distance management, etc.

Why study MBA in Wealth Management?

(i). India has witnessed a significant increase in the number of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in recent years. This has led to a surge in demand for skilled wealth management professionals who can effectively manage and grow their financial assets. Pursuing an MBA in Wealth Management positions you to take advantage of this growing demand and opens up exciting career opportunities in the financial services industry.

(ii). An MBA in Wealth Management provides specialized knowledge and skills that are specifically tailored to the unique requirements of managing wealth. The program equips you with a deep understanding of investment strategies, portfolio management techniques, financial planning, taxation, estate planning, and risk management. This expertise sets you apart from general business graduates and prepares you for a successful career in wealth management.

(iii). Studying an MBA in Wealth Management enhances your career prospects in the financial services sector. You can pursue roles such as wealth manager, financial advisor, investment analyst, portfolio manager, private banker, or relationship manager in banks, asset management firms, wealth management companies, financial advisory firms, or even establish your wealth management consultancy. The specialized knowledge and skills gained during the program make you a valuable asset to employers and clients.

(iv). Wealth management is closely intertwined with financial markets. Studying for an MBA in Wealth Management provides you with a comprehensive understanding of financial markets, investment vehicles, market trends, and risk factors. This knowledge enables you to make informed investment decisions, analyze market opportunities, and develop effective wealth management strategies for clients.

(v). An MBA program offers valuable networking opportunities with fellow students, faculty, industry professionals, and guest speakers. These connections can be instrumental in securing internships, and job placements, and building professional relationships within the wealth management industry. Networking helps you stay updated with industry trends, gain insights from experienced professionals, and open doors to new opportunities.

(vi). Many MBA programs in Wealth Management incorporate practical learning experiences, such as case studies, real-world projects, internships, and industry interactions. These opportunities allow you to apply theoretical concepts to real-life scenarios, develop practical skills, and gain hands-on experience in wealth management. Practical learning enhances your employability and prepares you to tackle the challenges of the industry.

(vii). Studying wealth management not only benefits your career but also equips you with the knowledge and skills to manage your finances effectively. You gain insights into financial planning, investment strategies, risk management, tax planning, and estate planning, which can be applied to your own financial well-being and long-term financial goals.

(2). Admission Process

MBA in Wealth Management admission takes location via national, state, or university-degree front assessments consisting of CAT, XAT, SNAP, NMAT, etc. The admissions are primarily based totally on institution dialogue and private interviews publishing the doorway exam. The institutes use GD/PI to have a look at every candidate's attributes that cannot be measured with the aid of using their educational rating or front examination result.

Types of MBA in Wealth Management Courses

Aspirants can join the MBA in Wealth Management application full-time or part-time. The following are the numerous varieties of MBA in Wealth Management publications in detail:

(1). Distance

Many institutions and colleges in India offer a distance learning MBA in Wealth Management distance learning program. The course is designed to study the Distance Education paradigm. This direction is designed for college students who can not manage to pay to wait for instructions on campus or who work full-time and are unable to spend the time required to complete a full-time course.

(2). Full-Time

The full-time MBA in Wealth Management program lasts two years, during which time college students should attend instructions in person, entire assignments, and take checks on campus. Students will get hold of plenty greater exposure, experience, and records thru direct engagement with their classmates and teachers in a full-time MBA in Wealth Management program.

(3). Part-Time

Students who are unable to attend normal classes can enroll in the part-time MBA in Wealth Management program. Part-time courses may include weekend or evening classes, as well as online classes, depending on the type of course. A part-time MBA in Wealth Management program has the advantage of allowing students to complete it while working or attending to other obligations.

Eligibility Criteria

(i). The aspiring applicants ought to have certified for his or her Bachelor's degree in any applicable discipline or equal qualification from a diagnosed University.
(ii). The applicants should have secured at least 55% combination marks or equal to their Bachelor's.

Admission Process

(ii). Shortlisted candidates are subsequently called for a round of personal interviews based

on their performance in the entrance test.

(iii). Final selections are based on the candidate’s score in the entrance test and interview, past academic record, and relevant work experience.

Accepted Entrance Exam

The specific entrance exams required for admission to an MBA in Wealth Management program in India may vary depending on the institution offering the program. However, here are some common MBA entrance exams accepted by many business schools in India:

MAT	CMAT	CAT
GMAT	SNAP	XAT
CFAE	NMAT	URATPC
AMUEEE	LUACMAT	SPSAT

Skills Required

Common skills required for an MBA in Wealth Management include:

Project management skills	Organization skills	Leadership skills
Business awareness	Decision making	Management skills
Confidence	Stress management	Understanding of design practices
Research skills	Problem-solving	Creative Thinking

Fee Structure

MBA in Wealth Management fees is not set in stone and is determined by various factors. Location, faculty, demand, infrastructure, and the resources offered to students are all factors that influence MBA prices. The average fee may range from around INR 35,000-1,40,000.

Name of College	Average Fee
Venkateshwara open university, Mumbai	INR 53,200
MIT School of distance management, Pune	INR 48,500
M.M. Institute of Management, Haryana	INR 60,000
Venkateshwara Open University, Nagpur	INR 62,000
VIIT, Chandigarh	INR 35,000

Selection Criteria

In India, the choice system for MBA in Wealth Management publications is essentially the same. In maximum cases, after receiving a utility for a course, universities determine the very last choice of applicants primarily based totally on their entrance examination ratings accompanied via way of means of an interview. Furthermore, the candidate's instructional achievements at some point in their undergraduate tiers play an important influence.

(3). Course Comparison

MBA in Wealth Management v/s MBA in Fashion Designing

MBA in Wealth Management is a degree program designed for students interested in and oriented toward wealth and management. The distinctions between MBA in Wealth Management and MBA in Fashion Designing are shown in the table below:

Parameters	MBA in Wealth Management	MBA Fashion Designing
Course Name	Master of Business Administration in Wealth Management	Master of Business Administration in Fashion Designing
Course Overview	Master of Business Administration in Wealth Management is a two-year Post-Graduate degree program. A full-time Master of Business Administration in Wealth Management wishes 4 semesters of six months each. Wealth control is a complicated expert carrier that entails accounting, taxation, retirement planning, and criminal or property planning.	MBA in Fashion Designing is a two-year postgraduate control route that offers to grow and maintain the logo picture and reputation of the product via media and advertising. This route serves as a useful feature for aspirants with an in-intensity understanding of the style of enterprise and business.
Course Duration	2 Years	2 years
Eligibility	Graduation with a minimum aggregate score of 60% from a recognized university	Bachelor’s degree with 50% marks and valid scores in any MBA exams at the national level.
Course Stream	Management	Fashion Designing
Entrance Exams	CAT, XAT, SNAP, NMAT	XAT, MAT, CEED, NID DAT, NIFT, IICD, IIAD
Average Annual Fees	INR 35,000-1,40,000	INR 1,00,000-6,00,000
Average Annual Salary	INR 1,00,000-9,00,000	INR 3,00,000-20,00,000
Top Colleges	M.M. Institute of Management, SVIIT, Venkateshwara open university, Venkateshwara open university	NIFT Bangalore - National Institute of Fashion Technology, Visva Bharati University - Visva-Bharati, NIFT Chennai - National Institute of Fashion Technology

Read More: MBA Fashion Designing

(4). Top Colleges

While the availability and fees of an MBA in Wealth Management programs may vary over time, here are some top colleges in India that have offered MBA programs with a specialization in Wealth Management:

Name of College	Average Annual Fee(INR)	Location
Indian Institute of Foreign Trade (IIFT)	INR 17,00,000-19,00,000	Delhi and Kolkata
Amity University	INR 5,00,000-6,00,000	Noida
BSE Institute Ltd.	INR 3,00,000-4,00,000	Mumbai
Indian School of Business (ISB)	INR 40,00,000-45,00,000	Hyderabad
S.P. Jain Institute of Management and Research (SPJIMR)	INR 17,00,000-20,00,000	Mumbai
Narsee Monjee Institute of Management Studies (NMIMS)	INR 20,00,000-25,00,000	Mumbai
Indian School of Business and Finance (ISBF)	INR 7,00,000-8,00,000	New Delhi
Institute of Management Technology (IMT)	INR 17,00,000-20,00,000	Ghaziabad
Symbiosis School of Banking and Finance (SSBF)	INR 10,00,000-12,00,000	Pune
Xavier Institute of Management (XLRI)	INR 23,00,000-25,00,000	Jamshedpur
Indian Institute of Management (IIM)	INR 25,00,000-27,00,000	Ahmedabad

Please note that the fees mentioned are approximate and can vary from year to year. It is advisable to visit the respective college's official website or contact their admissions department to get the most accurate and up-to-date information regarding fees and admission requirements for MBA in Wealth Management programs.

City-wise MBA in Wealth Management college

Here are some cities in India known for offering MBA programs in Wealth Management or related specializations:

Name of City	Name of College
Mumbai	Narsee Monjee Institute of Management Studies (NMIMS)
	Jamnalal Bajaj Institute of Management Studies (JBIMS)
	S.P. Jain Institute of Management and Research (SPJIMR)
	NMIMS School of Business Management (SBM)
Delhi NCR	Indian Institute of Foreign Trade (IIFT)
	Faculty of Management Studies (FMS) - University of Delhi
	International Management Institute (IMI)
	Lal Bahadur Shastri Institute of Management (LBSIM)
	Management Development Institute (MDI)
	Indian School of Business and Finance (ISBF)
Bangalore	Indian Institute of Management Bangalore (IIMB)
	Xavier Institute of Management and Entrepreneurship (XIME)
	Symbiosis Institute of Business Management (SIBM)
Hyderabad	Indian School of Business (ISB)
	Institute of Management Technology (IMT)
Chennai	Loyola Institute of Business Administration (LIBA)
	Great Lakes Institute of Management
Kolkata	Indian Institute of Management Calcutta (IIMC)
	Xavier School of Management (XLRI)

(5). Job & Placements

Professionals of the course are exposed to a variety of business, strategy, and market-related assignments, and trained in the requisite skills needed for asset management and delivery of estate and trust services to affluent clients around the world. Generalists of the discipline dabble in several business units including RBC Global Asset Management, RBC Dominion Securities, and other emerging markets divisions.

Job Profiles

The most popular job roles that are offered to students with MBA in Wealth Management are:

Job Profile	Job Description
Relationship Manager	Relationship Managers are responsible for primarily dealing with individual retail customers and Advising them on numerous banking and monetary services and products supplied via way of means of the bank. A wholesale Relationship Manager would be catering to corporate clients like SMEs or large corporations.
Product Manager	Product managers oversee the product line budgets and make important financial decisions. They report on their performance to the product director of the organization. They can also develop training materials, and sales strategies, and develop effective product plans in order to increase overall sales. They cooperate with other departments in their organization to achieve common company objectives.
Senior Investment Manager	Senior Investment Managers are responsible for providing research and records to assist traders, fund managers, and inventory agents make selections approximately investments. The statistics they offer guarantee funding portfolios are properly controlled and that capacity funding possibility are highlighted. Some analysts paintings for funding control companies, presenting statistics to in-residence fund managers, and others paintings for stockbrokers and funding banks, in which their studies are wanted via way of means of Portfolio Managers or via way of means of customers who make their personal funding decisions.
Wealth Manager	Wealth Managers are responsible for functioning in a wide range of fields, such As economic planning, funding management, and economic recommendation on pensions, trusts, inheritances, and tax bands. Often, wealth control offerings are provided via way of means of excessive avenue banks with the intention of attracting excessive-price customers.
Portfolio Manager	A portfolio Manager is a financial professional who is responsible for investing money. They also handle the products like mutual funds. The portfolio manager has massive experience in asset management and investment.
Practice as an Independent Financial Advisor	Financial advisors work with individual or institutional clients to assess their financial needs or help such as choosing investments, setting short-term or long terms goals, and so forth.
Investment Analyst	Investment Analysts are responsible for providing stockbrokers, fund managers, and stock market traders with financial information, advice, and recommendations derived from global investment data.
Equity Analyst	Equity Analysts are responsible for providing analyses of securities information to Portfolio Managers to aid in the investment process. The purpose of the research is to aid in trading strategies and portfolio selection.

Top Recruiters

Some of the top recruiters for candidates having obtained wealth management degrees/certifications at low, mid, or high levels are mentioned below:

Kotak Mahindra Bank	UBS	Bank of America Corporation
Mercer LLC	ICICI Securities Limited	Envestnet
HSBC Electronic Data Processing India Pvt. Ltd.	Barclays Bank PLC	Bajaj Capital Ltd.
Reliance ADAG

Average Salary

The table below gives an idea of the salary range for an MBA in Wealth Management graduate:

Job Role	Average Annual Salary(INR)
Practice as an Independent Financial Advisor	INR 4,00,000
Senior Investment Manager	INR 1,80,000
Portfolio Manager	INR 10,00,000
Product Manager	INR 13,00,000
Relationship Manager	INR 4,00,000
Equity Analyst	INR 3,97,000

(6). Career/Scope

The scope of an MBA in Wealth Management in India is quite promising due to the growing demand for skilled professionals in the field. Here are some key aspects that highlight the scope of pursuing an MBA in Wealth Management in India:

(ii). Lucrative Career Opportunities

(iii). Specialized Knowledge and Skills

(iv). Client Relationship Management

(v). Regulatory Knowledge and Compliance

(vi). Entrepreneurial Opportunities

(v). Continuous Learning and Growth

Career options after MBA in Wealth Management

After completing an MBA in Wealth Management in India, you have a wide range of career options in the financial services industry. Here are some popular career paths for MBA graduates in Wealth Management:

(ii). Investment Analyst/Portfolio Manager

(iii). Relationship Manager/Private Banker

(iv). Financial Planner/Financial Advisor

(v). Asset Manager

(vi). Risk Manager

(vii). Family Office Professional

(viii). Entrepreneur/Consultant

Scope for Higher Education

Graduate students with an MBA in Wealth Management degree have several better schooling alternatives open to them, which could assist them in higher recognizing the subject. Furthermore, if students are interested in pursuing a job in research, getting additional knowledge can assist them in doing so. Some of the most popular higher education alternatives for students are listed below:

(ii). Ph.D.

(iii). Certified Financial Planner (CFP)

(iv). Chartered Financial Analyst (CFA).

Skills that make you the best MBA in Wealth Management Graduate

MBA in Wealth Management graduates must possess a variety of complex and soft skills to be successful in their employment. These are not constant competencies that may be taught in a classroom. These are abilities that might be pleasant to be observed via practice. As a result, college students ought to make each attempt to enlarge their horizons and benefit as lots revel in as possible. Among these abilities are:

(ii). Interpersonal Skills

(iii). Marketing and Communication

(iv). Creativity

(v). Project Management

(vi). Multi-Tasking

(7). FAQs

(1). What is MBA in Wealth management?

Ans. MBA (Wealth Management) is a two-year Post-Graduate degree program. A full-time Master of Business Administration in Wealth Management wishes 4 semesters of six months each. Wealth control is a complicated expert carrier that entails accounting, taxation, retirement planning, and criminal or property planning.

(2). What are the average MBA in Wealth management Course Fees?

Ans. The average MBA in Wealth management course fees vary from INR 35,000-1,40,000.

(3). How do I become a Wealth Manager?

Ans. Candidates can become wealth managers after completing the course at a certain level. Candidates must possess the desired skillsets to attain the position of Wealth Manager. 

(4). What are the eligibility criteria to pursue the wealth management course at the PG level?

Ans. To pursue the wealth management course at PG level candidates must have completed the graduation from a recognized university with a minimum of 60% marks in aggregate. Aspirants must obtain a valid score in any of the national level entrance exams CAT/NMAT/MAT/GMAT for admission to the PG course. 

(5). What is the average salary of a wealth manager?

Ans. The average salary for a wealth manager is INR 9,48,000 per annum. 

(6). Which are the top recruiters after completing the course?

Ans. Some of the top recruiters for wealth management graduates are:

(ii). Envestnet

(iii). UBS

(iv). ICICI Securities Limited

(v). Kotak Mahindra Bank

(vi). Mercer LLC

(7). What is the duration of the wealth management course?

Ans. The duration of the UG course is three years, PG/Diploma course is 2 years and for certification course it varies from 12 -18 months.  

(8). What are the topics studied in MBA in Wealth management?

Ans. This course aims to train the aspirants in a deep understanding of management, marketing, Operations Management, Management Information Systems, and many more about the wealth industry in India.

(9). How do I start my career in wealth management?

Ans. To gain the necessary experience, you can consider getting internships with financial or legal companies while you pursue your education. Working in entry-level or mid-level positions as a financial planner, financial adviser, account relationship manager or banker can also help you to get wealth management roles.

(10). Is there a demand for wealth management?

Ans. The wealth management field is growing and dynamic, with an increasing demand for financial planning services and investment management advice.