MBA in Finance: Course Details, Fees, Eligibility & Career Scope

What is an MBA in Finance?

MBA in finance is a two year post graduation degree offered in the management institutes of our country. Finance is all about dealing with numbers and funds daily. An MBA in finance is considered one of the best degrees at post graduation level that any student can acquire.

In finance subjects like corporate finance, investment, banking and insurance and financial markets are taught to the students to provide them with sufficient specialization to excel.

Students interested in practical-oriented knowledge, quantitative skills and problem-solving attitude should pursue finance as it is a specialisation that leans more towards practical than theoretical knowledge. 

MBA in Finance Key Highlights

Why Whould You Study an MBA in Finance?

There are multiple reasons why you should go for an MBA in finance-

1. Finance is the top-most specialisation in MBA, which attracts the majority of the students, hence top most faculty members are available in the specialisation.
2. The importance of the Finance branch is extremely high and is recognised globally.
3. Finance graduates earn a good salary compared to other specialisations.
4. Most of the top positions of a company are reserved for finance specialists.
5. A finance graduate can work in multiple sectors, like startups, the private sector, or the government sector, as finance inculcates a strategic decision-making mindset in the individual.

What is the Admission Process for an MBA in Finance?

The following is the admission process for the MBA in finance-

• At step number one, A student is required to appear in the applicable entrance exam, such as-

• CAT for admissions to IIMs, FMS and IITs
• XAT for XLRI
• NMAT for NMIMS, etc.

• Once the students are ready with their scores obtained in the entrance exam as required by respective institutions, they are required to fill out the individual application form to the respective college to take admission.
• Carefully fill out the application forms, as they may be shortlisting in nature.
• Once you have submitted the form, the selected candidates will receive an interview call from the institutions.
• Group discussion and personal interviews will be conducted to prepare the merit list.
• Each Institute displays its merit lists, and then the shortlisted students are invited to pay the fee within a specific duration of time to confirm their seats.

Fee Structure

1. An MBA is considered one of the most expensive post graduation degree
2. The average fee range for a 2-year MBA is around 20 to 25 lakhs at a top Indian Institute of Management
3. However, the fee is extremely low in Central University, like Delhi University’s Faculty of Management Studies, a student can complete an MBA in FMS Delhi within 2 to 3 lakhs. 
4. Private colleges may charge somewhere between 10 and 20 lakhs for the total course

What are the MBA in Finance Eligibility criteria?

1. Any student who has a bachelor’s degree is eligible to apply for an MBA in finance.
2. Bachelors degree can be in any subject, be it science, commerce or humanities. 
3. The student must have obtained a minimum percentage of marks in the Bachelor’s degree, probably around 50% in aggregate.
4. Almost all Institutions allow final year students to apply foran  MBA contingent on the condition that they qualify for the final examinations.

What Are The Career Options After an MBA in Finance?

A person with an MBA in finance has many career options available to themselves. Some of them are as follows-

1. Work in the corporate sector as a finance manager or in other similar roles. A finance postgraduate can easily get a corporate job in different sectors like FMCG, Pharma, IT or manufacturing. 
2. MBA in finance post-graduates can enter the field of consulting by working with Big Four companies as a financial consultant or with any other management consulting firm.
3. MBA in finance students can appear for exams like RBI or SEBI. 
4. Opening your own startup is one of the best career options in the field of financial planning or venture capital.
5. For the finance people, the banking sector is another attractive career option after an MBA in finance.

Check Out Other Specializations For MBA