The Master’s Degree in Business Administration (MBA) is a globally recognized degree to improve the skills needed for business and management careers. Typically considered to be one of the oldest MBA disciplines, the economy’s backbone is finance. Today, the finance report ranges from corporate and government analysis to the banking and insurance industry. It calls for accounting, analytical and quantitative expertise, and an appreciation of economics and finance concepts.
Why pursue MBA-Finance?
In the finance stream, the Master in Business Administration (MBA) imparts knowledge of the management, control and analysis of the selection, investment and money resources. This course, MBA Finance, provides students in the financial world with several opportunities to learn how to review business reports, forecast economic patterns, optimize stock prices, balance risk and profitability, and eventually control the investment portfolio.
In financial planning, banking, corporate finance and accounting, the MBA in Finance prepares students for careers. Amongst the broadly varied employment sectors in this domain, some of the industries that hire Finance graduates are
- Asset Management
- Corporate Finance
- Corporate Banking
- Credit Risk Management
- Derivatives Structuring
- Hedge Fund Management
- Private Equity
Scope of MBA IN Finance: Types of work profiles
You will explore the following career opportunities once you have completed the course:
- Financial Advisor
- Investment Banker
- Equity Analyst
- Risk Manager
- Hedge Fund Manager
- Corporate Controller
Amongst the most lucrative profiles under the vast scope of MBA in Finance is that of a Financial Advisor. In this profile, you will be handling your clients’ funds or the organization you are working with. Financial advisors are increasingly providing a range of services from portfolio management to insurance products as a one-stop-shop.
An investment banker is a professional who often operates as part of a financial institution and is mainly concerned with corporate, government, or other organizations raising money. Investment bankers play a role in helping their clients raise capital to fund various operations and grow their companies.
Equity analysts are responsible for covering a particular sector or group of companies, starting with financial modelling and research. They generate reports on analysis, estimates, and recommendations relating to companies and stocks.
Risk managers or analysts specialize in detecting probable causes of injuries or damages, the recommendation and implementation of preventive measures and the creation of procedures to mitigate costs and harm, including the procurement of insurance, should a loss occur.
Hedge Fund Manager
A hedge fund manager is an asset manager or a portfolio manager who manages a group of investors’ financial assets or investments. Hedge fund managers use complex strategies to limit risk when investing, which is the primary goal for hedge funds.
A corporate controller manages all of a given organization’s financial and accounting activities, including billing, payable and receivable accounts, budgeting, and other functions. Scope of MBA in Finance: Salary Packages
Beyond any doubt, the potential reach of an MBA in Finance is beneficial. You will first be educated on-the-job during the initial years as individuals who have completed their financial management course. It is one region that earns the sector’s highest remuneration.
The salary package is around 6 lakh per annum.
After you specialize in Financial Management, you can look forward to being employed by top recruiters like
- Lehman Brothers
Higher Education after an MBA in Finance
Options such as Investment Banking, Retail Banking, Financial Modeling, and International Certifications such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), etc. are available to MBA graduates expertise in finance.
Top Universities for MBA Finance in India
Some of the top universities excluding IIM’s offering MBA Finance in India are:
- Narsee Monjee, Mumbai
- Taxila Business School, Jaipur
- SP Jain, Mumbai
- Lal Bahadur Shastri Institute of Management, Delhi
- K J Somaiya Institute, Mumbai
- National Institute of Bank Management, Pune
- Xavier Institute of Social Service (XISS) Ranchi
Candidates can also pursue their management course in top MBA Colleges in West Bengal, MBA Colleges in Sikkim, and MBA Colleges in Bihar.
How BES help students to get admission to Management Colleges.
Experts in BES can guide you in a way better to get through an MBA in Finance. They provide counselling on the procedures to get admission in MBA Finance and the top management colleges in India. The authorities in BES can help you to get admission in top management colleges in India. If you are interested in pursuing management in West Bengal, management in Sikkim, management in Bihar, don’t hesitate to contact BES.