What is MBA in Finance?

Top MBA Colleges in Chennai without entrance exam For those seeking a career that deals with money, an MBA specialization in finance can prove to be invaluable. It is a career field which requires one to possess skills in mathematics, economics, and financial theory, all of which are covered in great detail in a finance degree, specialization or track. 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.

Who can do an MBA in Finance?

Finance is a field where one gets to learn ways of handling finances of a company, their financial services and banking policies. MBA in Finance is a course where students cover up their basics and learn advanced concepts and topics. The course is all about how to handle the finances of the company, investment plans, shares and investment strategy. 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 regarding the scope of 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.

Why MBA in Finance?

One of the prime reasons why MBA in Finance has become a preferred choice for aspirants lies in the financial crisis that the world faced in the past. In reaction to the crisis, top financial institutions and companies have started hiring managers and financial analysts to safeguard their assets against any such future occurrences. This has greatly contributed to the increasing number of job opportunities offering lucrative pay packages to finance professionals and MBA Finance graduates in leading companies across the globe.

What does an MBA in Finance cover?

Top MBA Colleges in Chennai fees structure, A degree in MBA Finance prepares candidates for careers in the domain of financial planning, accounting, corporate finance, banking, and others closely related to the financial sector. Since students pursuing the programme will be dealing exclusively with numbers in the finance industry, mathematics is an integral part of the curriculum. Courses focus on investments and investment strategies, global and domestic economics, mergers and acquisitions, financial theories, and corporate risk and insurance.

MBA in Finance places a stronger focus on financial theories and analysis. Students expand their knowledge in economic analysis, statistics, and mathematics, which can help them in performing tasks and handling projects at the management level in the workplace. During the programme, students learn through various activities, including management simulations, teamwork projects, traditional lectures, and role plays.

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MBA in Finance is in significant demand as there are immense lucrative career options in this domain. Aspirants study to scrutinize company reports, take measures to maximize stock value, analyze and forecast economic trends, balance risk and profitability and choose investment portfolios. Students are also trained on how to apply the concepts of financial risk management.

As already mentioned above, the finance sector is expanding, and with it, the number of career opportunities is growing too. With a specialized degree in MBA (Finance), you can work with the following:

1. Financial planning service providers

2. Investment service providers

3. International financial management companies

4. Corporate management companies

5. Brokerage firms

6. Credit unions and private banks

7. Commercial and investment banks

8. Insurance companies

9. Financial intermediary companies

After completion of the programme, graduates have immense job opportunities in the government and private sectors. They can work with any financial organization or operate in the stock market. Besides, anyone with an MBA in Finance can run his or her own business independently. Also, the degree programme offers opportunities to work in other fields, such as tax planning, taxation, investment banking, hedge fund management, financial statement reporting and analysis, asset finance, insurance management and international finance.

Job roles awaiting MBA Finance graduates include

1. Treasurer and Finance Officer

2. Accounting Manager

3. Corporate Controller

4. Cash Manager

5. Insurance and Risk Manager

6. Investment Banker

7. Chief Financial Officer

8. Financial Analyst

9. Credit Manager and Specialist

10. Manager Consultant

11. Investing Sales Trader and Associate

12. Investment Banking Associate

13. Budget Analyst

14. Commodities, Securities and Financial Services Sales agent

15. Financial Advisor

16. Financial Manager

Pay Packages Offered after MBA in Finance

One of the biggest factors that attract MBA aspirants to choose finance as their subject of specialization is the excellent remuneration packages on offer. Today, MBA in Finance is considered to be the highest paid profession, with candidates being placed at mid level and senior level positions in reputed organisations. Candidates who have completed MBA in finance generally find employment with the department of finance and accounting in both public as well as private organizations. Pay packages offered to MBA in Finance candidates also differ on the basis of the different roles and responsibilities that are handled by them. Financial managers are placed at different positions from financial analysts and business analysts