The MBA in Finance program provides students with insight into various aspects of finance, such as the management, control and evaluation of financing, investments and assets. The MBA in Finance is a two-year postgraduate program that prepares students for various management positions in finance. The various areas of finance focus on the management and control of a company's financial resources.
The MBA in Finance or Master of Business Administration in Finance is a two-year postgraduate program. Manages the accounting and finances of companies to achieve specific financial goals. An MBA in finance prepares students with in-depth knowledge of pricing, wealth management, risk management, financial planning, and more. An MBA in Finance is the right career choice for students with sound financial and analytical skills and a deep understanding of financial models and the stock market.
Due to the growing popularity of finance MBA programs, they are now available in full-time, part-time, executive and online modes. Students with a BBA or other bachelor's degree can earn an MBA in finance. Additionally, applicants who hold a master's degree in another field of study may consider an MBA in finance to advance their careers. The MBA in Finance covers a wide range of subjects such as financial management, financial planning, cost of capital and more. During the program, candidates learn to apply their theoretical knowledge to the real world of finance and commerce.
Particulars | Values |
Course Name | MBA in Finance |
Course Level | Post Graduate (PG) |
Course Duration | 2 years |
Examination Type | Semester System |
Eligibility Criteria | 45%-50% in 10+2 with any stream from any recognized education board |
Admission Process | Entrance Exam + Scores in Bachelor’s Degree |
Specialization | Finance |
Internship | Yes |
Entrance Exams | CAT, MAT, XAT, CMAT, GMAT, etc. |
Course Fee | Rs. 10,000 and Rs. 20,00,000 |
Average Annual Salary | INR 4 to INR 10 Lakhs |
Top Recruiters | KPMG, HDFC, ICICI Bank, J P Morgan, Deutsche Bank etc |
Job Profiles | Financial Advisory, Insurance, Investment Banking, Hedge Fund Management, Credit Risk Management, Insurance, Finance Manager, Senior Financial Analyst, Senior Business Analyst, Business Analyst - IT, Operations Manager, Relationship Manager |
The MBA in Finance is beneficial for students who want to succeed in finance and advance their careers. According to expert reports, the banking and financial sector is expected to create jobs for 8.4 million people in the next 6 to 8 years. Among all other MBA programs, the MBA Finance program offers you the best job opportunities with great earnings.
1. The growth of the financial sector in India is around 8.5% per year. This means that an MBA in Finance in India offers great growth opportunities.
2. In the public and private sectors, the usefulness of financial analysts is very important. Finance is an industry that is not limited to any one particular industry but is very diverse. Responsible for maintaining cost and capital requirements for areas such as marketing, human resources, sales and operations, etc.
3. Boston Consulting Group, Bain & Company, JP Morgan Chase & Co, McKinsey & Co, Barclays, KPMG, State Bank of India and HDFC are top firms recruiting MBA finance graduates.
4. The roles in the financial process are constantly evolving and changing. Professionals in this discipline, therefore, have a high probability of further professional development in a short period of time.
5. A freshly graduated MBA Finance graduate from Tier 2 Business School can earn a salary from INR 6 LPA to INR 8 LPA.
The admission process for an MBA in Finance typically involves several steps to ensure that qualified and motivated candidates are selected for the program. While specific requirements may vary between institutions, the following is a general overview of the typical admission process for an MBA in Finance:
Almost all colleges follow more or less the same admissions criteria for admission to MBA programs. However, slight variations in the required minimum percentage, relaxation and booking are possible:
1. Students must have a 50% bachelor's degree in any discipline or equivalent CGPA from an accredited university or college.
2. Top MBAs in finance can apply for an overall score of over 80%.
3. A 5% discount is available for students in SC/ST/PWD environments.
4. The last few years can also be applied for, provided the university has given its approval.
5. Some universities require at least 1-2 additional years of work experience in finance, banking or accounting.
Applicants are selected on the basis of their university studies and their results in the entrance examination. The initial approval process is detailed below:
1. There are many entrance exams for MBA in finance such as CAT, XAT and CMAT.
2. Selected candidates will be invited to an individual interview and a series of group exchanges
3. Successful applicants of all levels may pay an annual fee to confirm admission.
To be admitted to the MBA Finance program, students across the country must pass certain entrance exams. Higher scores can lead to the best colleges in the country. Below are the most popular MBA finance entrance exams:
CAT | MAT |
SNAP | IIFT |
IBSAT | CMAT |
MAH CET | NMAT |
ATMA | XAT |
TISSNET | TANCET |
PICET | HPCET |
Karnataka PGCET | TSICET |
The fee structure for MBA in finance programs in India varies based on the college and program chosen. Typically, the fees fall within the range of INR 15 lakhs to INR 25 lakhs for the entire duration of the program. Apart from tuition, additional expenses like hostel charges, mess fees, and other miscellaneous costs might apply. The specific amount can differ depending on the college and the student's accommodation preferences.
Here are some of the factors that influence the MBA in finance fee structure in India:
Name of College | MBA finance Annual Fees |
IIT Kharagpur | INR 3.7 LPA |
IIM Lucknow | INR 19.25 LPA |
IIM Calcutta | INR 23 LPA |
IIM Bangalore | INR 25 LPA |
In the case of direct admission, students must apply to the universities concerned. A performance evaluation is then prepared on the basis of the grades achieved in the university studies and the evaluation of the applicant profile. Students can be invited to an interview or a personal consultation can take place. Successful applicants must pay tuition and other related fees and are subsequently admitted to the business school.
In order to pursue a career after an MBA in finance, professionals need specialist knowledge and other soft skills. The required technical skills are financial management, artificial intelligence, risk analysis and data visualization in finance. Soft skills, or interpersonal skills, include communication skills, work ethic, emotional intelligence, a positive attitude, and other personal qualities essential to organizational or career success. The combination of these skills leads to personal growth and professional advancement. Here are some of the skills you need to build a successful career with an MBA in Finance:
1. Financial Reporting: Here professionals are required to disclose financial reports to interested parties. Reports help you understand business performance over time. Developing good financial reporting skills takes time and effort.
2. Time Management: Employers value candidates who manage their time well, which increases productivity, reduces stress and creates an environment of engagement and creativity.
3. Business Intelligence: Financial Management MBA graduates must have strong business acumen to make smart, informed decisions. You must be good at forecasting sales and predicting inventory and related information. Knowledge of Enterprise Resource Planning such as SAP and Oracle ERP is required.
4. Analytical Thinking: To be a financial professional you must develop analytical thinking. You must analyze the problems and propose effective solutions. You must consider both the technical and interpersonal financial aspects to solve problems creatively.
MBA in Finance | MBA in Marketing |
Course Name: Master of Business Administration in Finance | Master of Business Administration in Marketing |
Overview: It includes studies related to the control and assessment of collection, management, investment, and resources. | It provides students with the knowledge and technique of creating a narrative around any particular product and service with the help of analytics, storytelling, communications, customer behaviour and management skills. |
Duration: 2 Years | 2 Years |
Level: Post Graduate (PG) | Post Graduate (PG) |
Eligibility Criteria: 50% marks in graduation | 50% marks in graduation |
Admission Process: Merit/Entrance Based | Merit/Entrance Based |
Career Prospect: 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 |
Average Salary: INR 3,91,814 PA | INR 3,62,450 PA |
The MBA program aims to give students experience in a range of industries. It is typically divided into two sections, the first of which concentrates on specialization and the second of which concentrates on general management or business administration. Students often have the option of choosing between core and elective programs in their first and second years.
Name of College | MBA Finance Average Fee |
PIBM, Pune | INR 7,95,000 |
Fore School of Management, New Delhi | INR 1,598,000 |
Amity University, Noida | INR 400,000 |
Bennett University, Greater Noida | INR 500,000 |
International Management Institute, Delhi | INR 627,950 |
Globsyn Business School, West Bengal | INR 795,000 |
Vinod Gupta School of Management, West Bengal | INR 600,000 |
Bharatiya Vidya Bhavan Institute of Management Science, Kolkata | INR 551,000 |
Alliance University, Bengaluru | INR 1,350,000 |
Jagdish Sheth School of Management, Bengaluru | INR 1,200,000 |
Christ University, Bengaluru | INR 380,000 |
Woxsen School of Business, Hyderabad | INR 695,000 |
Institute of Management Technology, Ghaziabad | INR 603,000 |
ICFAI Foundation for Higher Education, Hyderabad | INR 700,000 |
Top government colleges in India for MBA in Finance programs that cultivate students for thriving careers within the financial sector. These institutions boast distinguished faculty, industry-aligned curricula, and robust alumni networks. Moreover, their impressive placement records reflect the caliber of education, consistently enabling graduates to secure prestigious positions with prominent finance companies.
Some of the highly regarded government colleges offering MBA in finance in India are:
MBA in Finance Govt Colleges | MBA Finance Fee Structure |
Alagappa University, Karaikudi | INR 25,700 |
Ram Manohar Lohia Avadh University (RMLAU), Faizabad | RMLAU Faizabad |
Guru Jambheshwar University of Science & Technology, Hisar | INR 1,21,900 |
Babasaheb Bhimrao Ambedkar University, Lucknow | INR 1,80,000 |
Guru Nanak Dev University, Amritsar | INR 3,15,490 |
Top private colleges in India offer an MBA in Finance that provides students with a well-rounded education designed to excel in the financial sector. These institutions feature experienced faculty, curricula aligned with industry needs, and strong networks of alumni. Creating a dynamic learning atmosphere, these colleges have a remarkable history of successful placements, enabling their graduates to consistently secure sought-after roles with premier companies in the finance industry.
Some of the highly sought-after private colleges offering MBA in finance in India are:
MBA in Finance Private Colleges | MBA in Finance Fee Structure |
Jain University, Bangalore | INR 80,000 |
Dr. MGR Educational and Research Institute, Chennai | INR 2,20,000 |
Presidency University, Bangalore | INR 6,01,000 |
ASBM University, Bhubaneswar | INR 6,86,000 |
Kristu Jayanti College, Bengaluru | INR 7,80,000 |
Amity University, Mumbai | INR 10,00,000 |
BML Munjal University, Gurgaon | INR 11,25,000 |
SIBM- Symbiosis Institute of Business Management, Bangalore | INR 14,60,000 |
Amity Business School, Noida | INR 20,16,000 |
MBA finance job positions are available in various fields of accounting and financial management. The MBA Finance curriculum and subjects educate and prepare students for careers such as financial analyst, investment banker, cash manager, credit manager, etc. In addition, employment opportunities in MBA finance degree programs in India are very high in both private and public sectors.
Salary for an MBA in Private Sector Finance ranges from INR 5 to 30 LPA. Job titles include:
Private Companies - Job Profiles | MBA in Finance Salary |
Goldman Sachs - Analyst Developer | 19.30 LPA |
Morgan Stanley - Senior Manager | 27.13 LPA |
Boston Consulting Group - Associate | 20 LPA |
Bain and Company - Associate Consultant | 20 LPA |
JP Morgan - Financial Analyst | 10.05 LPA |
Applicants who want to work in the public sector have many open public sector positions after their MBA finance degree. The table below lists some of the public service positions on offer:
Government Companies - Job Profiles | MBA in Finance Salary |
SBI - Bank Manager | 9 LPA |
BSNL - Account Officer | 6.59 LPA |
National Dairy Development Board - Deputy Manager | 10.80 LPA |
Dredging Corporation of India Limited - Joint General Manager | 24.5 LPA |
Bharat Earth Movers Limited - Assistant Manager | 9.53 LPA |
Students with an MBA in finance can come from the private and government sectors. Finance MBA salary in India ranges from INR 4.5 to 20 LPA. Finance MBA offers an excellent opportunity to work in a global market and around the globe.
There are many job opportunities not only in India but also abroad. Students can work in the financial sector, in security companies, in the banking sector and in the tourism industry.
Top International Recruiting Companies that hire MBA in Finance graduates are:
1. Morgan Stanley
2. Boston Consulting Group
3. Goldman Sachs
4. Bain & Company
5. JP Morgan Chase & Company
6. McKinsey & Company
7. Barclays
8. KPMG
Some of the famous expert avenues open to successful graduates of the MBA in Finance degree are indexed underneath with the corresponding salaries provided for the respective positions.
MBA Finance Job Profile | Average Salary in INR |
Financial Advisory | INR 2,80,000 |
Investment Bankers | INR 4,10,000 |
Hedge Fund Management | INR 6,00,000 |
Credit Risk Management | INR 13,00,000 |
Finance Manager | INR 15,00,000 |
Senior Business Analyst | INR 12,12,500 |
Operations Manager | INR 8,00,000 |
Relationship Manager | INR 3,50,000 |
Finance is an integral part of any economy, business or company. An MBA in Finance is a major that will enhance your financial skills, business concepts and awareness of the country's economic growth. This is an ideal career to pursue with the right specific skill set, as an MBA in Finance offers growing and rewarding future prospects. Finances are an important part of all economies today. Finance plays an important role in the development of the sector.
Holders of a master's degree in finance can pursue a doctorate in the same field. Students can further deepen their knowledge by taking a better-paying job.
The aim of the MBA in Finance program is to provide students with an in-depth understanding of various aspects of the business world. These graduates can find various career opportunities in MBA Finance and work in both the banking and finance industries. The MBA in Finance program prepares students for careers in various financial industries. You can work in any industry as long as maintaining a capital balance is required. You can work in the public and private sectors. With a master’s degree in finance, they can explore different career options. They can even take professional MBA finance courses to enhance their learning.
(1). What is the subject in MBA finance?
Ans: Some of the main subjects in MBA Finance are Financial Accounting, Human Resource Management, Financial Management, Management Accounting, Marketing Management, Economics, Management Science, Quantitative Methods, and International Financial Management.
(2). Is Marketing MBA Easier Than Finance MBA Program?
Ans: According to students, the MBA in Marketing is easier than the MBA in Finance. Statistics and math are used extensively in the MBA finance program, making it challenging.
(3). What is the Complete MBA Finance Program? Does it include math? I'm asking this question because I'm average at math?
Ans: Yes, mathematics is a required subject in the MBA Finance program. Mathematics is an important and integral part of the MBA Finance program as the program contains many courses that require mathematics. However, if you have basic math skills, you can easily study MBA Finance.
(4). Will a science student be able to understand the MBA program in marketing and finance?
Ans: Anyone with a bachelor's degree can earn an MBA in marketing and finance. It is a bit more difficult for a science student to understand the concepts of finance and marketing, but with practice, they can understand the MBA program in Marketing and Finance.
(5). Is Inter CA the same as MBA Finance?
Ans: According to the researchers, Inter CA is not equal to MBA Finance, only experienced and comprehensive CA can equal MBA Finance. However, some subjects for Inter CA and MBA Finance are similar but cannot be compared.
(6). What is the starting salary for a finance graduate at a regular college?
Ans: In India, the starting salary of a finance MBA candidate in ordinary colleges is INR 2,80,000-5,00,000 per year.
(7). What will the salary package be for an MBA Finance at TCS?
Ans: According to Indeed, the annual salary for MBA Finance at TATA Consultancy Services (TCS) is 6.78k and increases with experience.
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