MBA Executive (Finance) - Jankidevi Bajaj Institute of Management Studies (JDBIMS, Mumbai)

  • Years 1 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode

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

Selection Process

When selecting for the MBA in Executive Finance program, the grades obtained by the students in the entrance exams for proper management are taken into account. After an interview, worthy candidates are assigned places. The MBA in Executive Finance recruitment process depends on the institution chosen. Some may enter jointly, others may offer admission based on grades achieved after graduation.

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 Profiles

Some of the famous expert avenues open to successful graduates of the MBA in Executive Finance degree are indexed underneath with the corresponding salaries provided for the respective positions.

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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