MBA in Finance - The Assam Royal Global University, Jorhat

  • Years 2 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode
  • university verified
Written By universitykart team | Last updated date Dec, 02, 2024

MBA in Finance: Courses, Eligibility, Top Colleges, Syllabus, Admission Process, Fees, Exams, Jobs

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.

What is MBA in Finance?

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.

Highlights - MBA in Finance Course Details

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

Why MBA in Finance?

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.

MBA in Finance Admission Process

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:

MBA in Finance Eligibility Criteria

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.

MBA in Finance Entrance exams

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.

Accepted Entrance Exams for MBA in Finance

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:

CATMAT
SNAPIIFT
IBSATCMAT
MAH CETNMAT
ATMAXAT
TISSNETTANCET
PICETHPCET
Karnataka PGCETTSICET

MBA in Finance Fee Structure

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 KharagpurINR 3.7 LPA
IIM LucknowINR 19.25 LPA
IIM CalcuttaINR 23 LPA
IIM BangaloreINR 25 LPA

MBA in Finance Direct Admission

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.

Skills Required for MBA in Finance

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 Course Comparison

MBA in FinanceMBA in Marketing
Course Name: Master of Business Administration in FinanceMaster 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 Years2 Years
Level: Post Graduate (PG)Post Graduate (PG)
Eligibility Criteria: 50% marks in graduation50% marks in graduation
Admission Process: Merit/Entrance BasedMerit/Entrance Based
Career Prospect: Accountant Broker, Tax Planner, Investment Banker, Estate Planner, Assistant Manager, Consultant, Manager, General Manager, Chief Financial OfficerSales 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 PAINR 3,62,450 PA

Others Top MBA Specializations

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.

MBA in Information TechnologyMBA in Biotechnology Management
MBA in Communication ManagementMBA in Data Analytics
MBA in Agriculture & Food BusinessMBA in Business Analytics
MBA in Event ManagementMBA in Digital Marketing Management
MBA in Aviation ManagementMBA in Business Economics
MBA in Fashion DesigningMBA in Disaster Management
MBA in Banking & Finance ManagementMBA in Communication and Media Management
MBA in Computer ApplicationMBA in Entrepreneurship
MBA in Environmental ManagementMBA in Hospital Administration
MBA in Banking and InsuranceMBA in Retail Management
MBA in FinanceMBA in Hotel Management
MBA in International BusinessMBA in Hospitality Management
MBA in Finance & AccountingMBA in Human Resource Management
MBA in Laboratory ManagementMBA in Corporate Social Responsibility
MBA in Healthcare & Hospital ManagementMBA in Information Technology
MBA in Logistics and Supply Chain ManagementMBA in Disaster Management
MBA in Marketing ManagementMBA in Petroleum and Oil Gas Management
MBA in Pharmaceutical ManagementMBA in Project Management

Top Colleges of MBA in Finance

Top college for MBA in Finance programs in India provide top-notch education that equips students for successful careers in the financial sector. These colleges boast exceptional faculty, industry-aligned curriculum, and robust alumni networks. Their impressive placement track record further underscores their reputation, with graduates consistently securing coveted positions in prominent finance companies.
Name of CollegeMBA Finance Average Fee
PIBM, PuneINR 7,95,000
Fore School of Management, New DelhiINR 1,598,000
Amity University, NoidaINR 400,000
Bennett University, Greater NoidaINR 500,000
International Management Institute, DelhiINR 627,950
Globsyn Business School, West BengalINR 795,000
Vinod Gupta School of Management, West BengalINR 600,000
Bharatiya Vidya Bhavan Institute of Management Science, KolkataINR 551,000
Alliance University, BengaluruINR 1,350,000
Jagdish Sheth School of Management, BengaluruINR 1,200,000
Christ University, BengaluruINR 380,000
Woxsen School of Business, HyderabadINR 695,000
Institute of Management Technology, GhaziabadINR 603,000
ICFAI Foundation for Higher Education, HyderabadINR 700,000

Top Government College for MBA in Finance

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 CollegesMBA Finance Fee Structure
Alagappa University, KaraikudiINR 25,700
Ram Manohar Lohia Avadh University (RMLAU), FaizabadRMLAU Faizabad
Guru Jambheshwar University of Science & Technology, HisarINR 1,21,900
Babasaheb Bhimrao Ambedkar University, LucknowINR 1,80,000
Guru Nanak Dev University, AmritsarINR 3,15,490

Top Private College for MBA in Finance

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 CollegesMBA in Finance Fee Structure
Jain University, BangaloreINR 80,000
Dr. MGR Educational and Research Institute, ChennaiINR 2,20,000
Presidency University, BangaloreINR 6,01,000
ASBM University, BhubaneswarINR 6,86,000
Kristu Jayanti College, BengaluruINR 7,80,000
Amity University, MumbaiINR 10,00,000
BML Munjal University, GurgaonINR 11,25,000
SIBM- Symbiosis Institute of Business Management, BangaloreINR 14,60,000
Amity Business School, NoidaINR 20,16,000

Jobs and Placements in MBA in Finance

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.

MBA in Finance Private Jobs

Salary for an MBA in Private Sector Finance ranges from INR 5 to 30 LPA. Job titles include:

Private Companies - Job ProfilesMBA in Finance Salary
Goldman Sachs - Analyst Developer19.30 LPA
Morgan Stanley - Senior Manager27.13 LPA
Boston Consulting Group - Associate20 LPA
Bain and Company - Associate Consultant 20 LPA
JP Morgan - Financial Analyst10.05 LPA

MBA in Finance Government Jobs

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 ProfilesMBA in Finance Salary 
SBI - Bank Manager9 LPA
BSNL - Account Officer6.59 LPA
National Dairy Development Board - Deputy Manager10.80 LPA
Dredging Corporation of India Limited - Joint General Manager24.5 LPA
Bharat Earth Movers Limited - Assistant Manager9.53 LPA

MBA in Finance Abroad Jobs

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

MBA in Finance Job Profiles

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 ProfileAverage Salary in INR
Financial AdvisoryINR 2,80,000
Investment BankersINR 4,10,000
Hedge Fund ManagementINR 6,00,000
Credit Risk ManagementINR 13,00,000
Finance ManagerINR 15,00,000
Senior Business AnalystINR 12,12,500
Operations ManagerINR 8,00,000
Relationship ManagerINR 3,50,000

Scope for MBA in Finance

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.

MBA in Finance Career Prospects

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.

FAQs

(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.

The MBA in Finance at [University Name] in [City Name] is a great program for anyone wanting to excel in the financial world. This program is designed to give students a deep understanding of financial concepts and tools, preparing them for successful careers in finance.

The curriculum includes a range of subjects such as corporate finance, investment management, financial markets, and risk management. These courses help students learn how to analyze financial statements, manage assets, and make informed investment decisions. The MBA in Finance at [University Name] program also covers important topics like financial planning, mergers and acquisitions, and international finance, ensuring students get a broad view of the financial industry.

One of the key features of the MBA in Finance at [University Name] is the focus on practical learning. Students engage in real-world projects, case studies, and internships that provide hands-on experience. This approach helps them apply what they learn in the classroom to real financial problems, making them more prepared for their future careers.

The faculty at [University Name] are experienced professionals with strong backgrounds in finance. They bring valuable insights and knowledge to the classroom, helping students understand complex financial concepts. Their guidance and mentorship are crucial for students as they navigate through the program.

The MBA in Finance at [University Name] also offers state-of-the-art facilities, including modern classrooms, a well-equipped library, and advanced computer labs. These resources create a supportive learning environment where students can thrive.

Networking is another important aspect of the MBA in Finance at [University Name]. The university organizes events, workshops, and guest lectures with industry leaders. These [University Name] opportunities allow students to connect with professionals, learn from their experiences, and build a strong network for their careers.

The MBA in Finance at [University Name] in [City Name] provides a comprehensive education in finance. With a strong curriculum, practical learning, and excellent faculty, students are well-prepared to succeed in the competitive financial industry.

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