Management in Finance
Management in Finance
Finance management in India has been and will continue to be a major requirement since most businesses understand the value of properly managing their assets. Financial management is focused on the planning and controlling the financial resources of any industry. A bachelor’s degree in finance can help you to work in commercial banking, investment banking, financial planning, money management, insurance and so on. But an MBA in Finance will help you move up the corporate ladder and get more prominence in your job. Such courses offer students a deep understanding of financial management, technological proficiency, interpersonal skills, professional insight, business skills and managerial skills.
MBA in Finance: Course Highlights
Following are some highlights of a general MBA in Finance course in India-
| Program Duration | 2 years (4 or 6 semesters) |
| Number of Management Institutes in India | 3900 approx. |
| Associated Key Skills | Capital Management, Asset Development, Fund Management, Risk Management among others. |
| Eligibility | A Bachelor’s Degree in any Discipline. Different Institute might have some additional eligibility criteria. |
| Admission Process | Entrance Test + Group Discussion / Personal Interview |
| Top Entrance Exams | CAT, XAT, NMAT, CMAT, SNAP, MAT etc. Management Entrance Exams in India |
| Program Fee | Varies from INR 4 to 20 Lacs |
| Average Starting Salary after the Program | INR 5 Lacs |
| Top Recruiting Companies | Ernst & Young, Genpact, ICICI, HDFC, HSBC |
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MBA in Finance: Eligibility Criteria
Graduation and a bachelors degree in any discipline obtained through the 10+2+3 system or an equivalent qualification with a minimum aggregate of 50% or equivalent CGPA of any of the Universities incorporated by an act of the central or state legislature in India. A Relaxation of 5% aggregate is there for SC/ST candidates.
MBA in Finance: Admission Process
There are about 3700 B schools in India including public and private institutes. Among them there are 19 IIMs which are the premier institutes of Business studies in country. The application process in these institutes differs from institute to institute. Mostly B schools offer admission on the basis of some entrance test. There are also some institutes which provide direct admission to the students.
MBA in Finance: Salary Trends
While salary should not be a priority while selecting a course, it is indeed one of the most searched queries when it comes to any of the vocational or non-vocational courses in India. When it comes to MBA degree, though job prospects are high, placement or probability to secure a good position highly depends on the institution of study.