MBA in Finance: A guide for the right choice
There is no doubt in the fact that MBA in Finance in India is an excellent career choice for students who are genuinely interested in the field of finance. However, lack of awareness about the scope as well as the subject and the immense opportunities that it offers often results in students being confused about career options and prospects available to them after MBA in finance.
To help students who are confused about how to secure lucrative MBA in finance jobs and build an excellent career, we have compiled a comprehensive guide detailing academic and professional opportunities on offer in this field.
In this article, we would provide you in-depth information about various dimensions of MBA in Finance course. All you need to know is mentioned as under:
What is MBA in Finance?
MBA in Finance is often treated as the sure shot way of securing a stable, high-paying and lucrative career that offers excellent employment opportunities and preferential lift to climb the corporate ladder. Anyone who has completed their MBA with specialization in finance will be able to tell you that the above statement is not only false but a myth. No academic programme, be it MBA or any other offers shortcut to success, everyone has to toil hard in order to succeed both academically as well as professionally. The unfortunate consequence of the hype around ‘Finance’ – one of the most preferred management specializations; has been that the candidates choose this option without truly considering their aptitude, potential and even scope of the subject.
Why MBA in Finance?
One of the main reasons behind ‘finance’ becoming a preferred choice for MBA aspirants lies in the financial crisis that the world faced in the last decade. In reaction to the financial crisis, top companies and financial institutions started hiring financial analysts and managers to safeguard their assets against any such future occurrences. This contributed to the rise of MBA in finance job opportunities that offered high paying jobs to finance professionals in top companies across the globe. Consequently, financial managers became one of the most in-demand professionals at a global stage, fuelling the MBA in finance hype. If we disregard this factor, which has been pretty much neutralized right now; MBA in finance accounting is just like any other MBA specialization with the prime focus upon financial concepts.
Eligibility for pursuing career in Finance
A student who wishes to pursue his/her career in finance must have a degree in any stream, with minimum marks of 50%. The selection for such courses is done on the basis of an entrance examination conducted at the National or state level such as CAT/MAT/XAT/SNAP/CMAT etc.
Personal Skills Requirement
Another important consideration which is often ignored but is crucial to consider before pursuing any specialization is a SWOT analysis of your own personality. A person planning to pursue MBA in Finance should possess these qualities:
Are you Systematic?
Are you Punctual?
Do you love calculations?
Are you Organised?
Are you good in Money Management?
Scope of MBA in Finance
Taking about the subject matter of MBA in Finance course, it offers the basic understanding of financial concepts from a managerial perspective. Students enrolling in MBA in finance programmes are provided through knowledge about fundamental financial concepts like corporate finance, budgeting, costing, international finance, investment securities and working capital management. Apart from this, MBA in Finance students are also trained in the skill of analytical thinking, concepts of making managerial financial decisions, striking a balance between risk and profitability and evolving financial consolidation process for different business models. Students, who have completed commerce and accountancy at the undergraduate level, will be at ease with many of the aforementioned concepts. However, MBA in Finance offers a managerial perspective on these concepts and mates them to different types of models and business scenarios that exist in the financial world today.
MBA in Finance Syllabus
In your two-years full-time MBA programme you would get equipped with required skill and knowledge that would be necessary to understand the fundamentals of Financial Department of your concerned organization. Further, with the job experience and associated knowledge of the associated industry, you would also gain ample knowledge and know-how to remain abreast of the development going on in the Financial world.
Subjects that you will study while pursuing MBA in Finance are: