The MBA Financial Management programme is a two-year programme that offers superior know-how in the finance industry. MBA Financial Management includes research of analytics, budgeting, organizations, and, economic monitoring. Throughout the course, college students are added to the essential principles of economic analysis, fee accounting, control accounting, and its influences on well-known selection making.
|Full Form||Master of Business Administration in Financial Management|
|Duration||Course Duration of Master of Business Administration [MBA] (Financial Management ) is 2 Years.|
|Age||No specific age limit|
|Subjects Required||An Honors or a Graduates degree recognized by UGC|
|Average Fees Incurred||INR 3 L - 10 L per annum|
|Similar Options of Study||MBA (Finance), MBA (Systems Management), MBA (Retail Management) etc.|
|Average Salary Offered||INR 5.25 L per annum|
|Employment Roles||Financial Analyst, Operations Manager, Business Analyst, Account Executive, Finance Manager, Senior Business Analyst, ERP Consultant, Management Consultant, Financial Advisor etc.|
|Placement Opportunities||Tata Consultancy Services Limited, The Bank of New York Mellon Corporation (BNY Mellon), Citibank, Tesco HSC, J.P. Morgan Chase & Co, EY (Ernst & Young), Mahindra & Mahindra Ltd, InfoSys Limited etc.|
MBA Financial Management or MBA Finance is a postgraduate degree offered in various public and private institutes in India. This course involves the study of analyzing, budgeting, organizing and monitoring finance. It requires skills such as thorough data mining, logical analysis, and proactive decision-making. The course falls under the umbrella of the MBA course.
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Students wishing to enrol in the MBA Financial Management program must pass their 10+2 in any stream from a recognized board with a minimum of 50% overall. Students must complete a 3-year bachelor's degree in any discipline from a recognized university. Students must pass standard entrance exams in addition to standard MBA Financial Management admissions requirements. This course has no age limit.
MBA Financial Management is for students who want to get into the inner workings of national or international financial institutions and organizations. MBA Financial Management degree is continually in high demand among Financial Advisor, Stock Traders, and Hedge Fund Manager. Corporate Finance, Private Banking and Consulting-related industries are always looking out for MBA Financial Management graduates. As a result, after finishing this course, students will have several work opportunities.
If a student wants to pursue a career in financial management, they can consider starting right after 10+2. One must pass class 12 from a recognized board. For MBA, they must also have a bachelor's degree from a recognized university. MBA in Financial Management in India can provide students with promising career growth and opportunities.
Admission to the MBA Financial Management programme is either merit-based or entirely based on the candidate's qualifying exam score. A candidate's performance on a National, State or College-level entrance exam determines their admittance to the course. Some colleges conduct their entrance exams for the admission process. Aspirants must also meet the minimal MBA Financial Management eligibility requirements, which include 10+2 and an entrance exam score.
Though the MBA Financial Management admission process varies from college to college, below are the steps that one should generally go through to get admission.
Most institutions have shifted their admission procedures completely online. Therefore, students should go to the official websites of the universities they are applying to and start the application process by submitting information. Students can also enrol offline at the university of their choice and fill out an application form with all the required documents.
With the merit-based selection, candidates are selected based on their academic performance during their 10+2 exams. For admission-based selection, students must take the entrance exam. Once candidates are qualified, they can be admitted to any further admissions phase. Additional admission levels vary from college to college.
Aspirants can pursue the course in the full-time or part-time mode. Below are the types of MBA Financial Management courses in detail:
The full-time MBA Financial Management duration is 2 years. This course requires more practical knowledge than theoretical understanding. The advantage of a full-time course is that students can gain a lot more exposure, experience and knowledge through direct interaction with their peers and faculty.
The part-time MBA Financial Management course is designed for students who cannot attend regular classes. The duration of the course is 3 years. The advantage of the part-time course is that students can pursue this course while simultaneously being engaged in employment, etc.
MBA in Financial Management distance learning course usually lasts 3 years and is divided into four semesters of six months each. For those who wish to pursue an MBA Financial Management course after their bachelor’s degree but don't have the time to attend normal classes, owing to jobs or personal endeavours, distance learning is the ideal option.
Most MBA in Financial Management colleges requires the candidates to pass the entrance exams to be admitted to the academic program. The minimum grades required for the entrance exam are set at the discretion of the examining institute. Those who pass the MBA in Financial Management entrance exam will be invited to the final selection process. Below are some of the most popular MBA Financial Management entrance exams:
The eligibility requirements for the above-mentioned entrance exams are entirely dependent on the conducting body and so vary accordingly. The following are some of the general guidelines for entrance exams:
India is home to some of the best MBA Financial Management colleges for aspirants. Candidates have many options to choose from in terms of the best MBA Financial Management course as per their preferences. Depending on the type of MBA Financial Management programs offered, candidates will have to make the appropriate choice.
Below is the list of the 10 best MBA Financial Management Colleges in India:
|Sl.No||Name of the College||Average Fees|
|1||SPJIMR, Mumbai||INR 5 Lakhs|
|2||NMIMS, Mumbai||INR 3 Lakhs|
|3||Taxila Business School, Jaipur||INR 1 Lakhs|
|4||LBSIM, Delhi||INR 3 Lakhs|
|5||Xavier Institute of Social Service, Ranchi||INR 1 Lakhs|
|6||K J Somaiya Institute, Mumbai||INR 3 Lakhs|
|7||National Institute of Bank Management, Pune||INR 3 Lakhs|
|8||IPE, Hyderabad||INR 5 Lakhs|
|9||SCMS School of Business, Kochi||INR 5 Lakhs|
|10||MIT-SOB, Pune||INR 5 Lakhs|
India’s capital city is home to some of the best institutions for MBA Financial Management in India. Check the table below for the top MBA Financial Management colleges in Delhi:
Read More: MBA Financial Management Colleges in Delhi
Mumbai also has some of the best institutions for MBA Financial Management in India. Check the table below for the top MBA Financial Management colleges in Mumbai:
Read More: MBA Financial Management Colleges in Mumbai
Pune is home to some of the premier institutions for MBA Financial Management in India. Check the table below for the best MBA Financial Management colleges in Pune:
|4||Indus Business School|
|5||AIMS Institute of Management Studies|
Read More: MBA Financial Management Colleges in Pune
The capital city of Karnataka is renowned around the country for colleges offering top MBA Financial Management programmes. Check the table below for the best MBA Financial Management colleges in Bangalore:
|2||IFIM Business School|
The capital city of Tamil Nadu has some of the best colleges for MBA Financial Management courses in India. Check the table below for the best MBA Financial Management colleges in Chennai:
|1||Guru Nanak College|
|2||Alpha College of Engineering|
|5||Saveetha School of Management|
Read More: MBA Financial Management Colleges in Chennai
The Capital City of Rajasthan has some premier institutions in the country for MBA Financial Management. Check the table below for top colleges for MBA Financial Management in Jaipur:
|1||International School of Informatics and Management|
|4||Vivekananda Global University|
|5||Jaipur International University|
Read More: MBA Financial Management Colleges in Jaipur
Several top Government Colleges are offering quality MBA Financial Management programmes across the country. Check the table below for the top MBA Financial Management government colleges in India:
India has seen significant growth in the number of quality MBA Financial Management private colleges that offer some of the best programmes in the country. Check the table below for the top MBA Financial Management private colleges in India:
|3||Taxila Business School, Jaipur|
|5||Xavier Institute of Social Service, Ranchi|
Students can opt to study an MBA Financial Management course abroad if they can afford it. The MBA Financial Management course abroad is for a minimum of 2 years, depending on the type of course, college and country.
The benefits of studying an MBA Financial Management programme overseas provide students with access to some of the best resources, facilities, and faculty, as well as global exposure to the subject matter and other cultures.
In addition, students must achieve good grades in their 10+2 and have good English language skills. Below are some of the top MBA Financial Management colleges abroad and the relevant fees structure:
The table below contains the list of some of the best colleges abroad for MBA Financial Management:
|Harvard University, USA||USD 146, 880|
|University of South Australia||AUD 34,954|
|London Business School, UK||GBP 92, 735|
|Stanford University, USA||ISD 232,000|
|Massachusetts Institute of Technology, USA||USD 79, 000|
|University of Pennsylvania, USA||USD 118, 568|
|University of Cambridge, UK||USD 72, 552|
|University of Oxford, UK||GBP 98, 590|
|HEC Paris School of Management, Paris||EUR 49,300|
|Bocconi University, Italy||EUR 14, 340|
The USA is home to some of the best universities and colleges offering top-notch MBA Financial Management programmes in the world. The table below contains the list of top colleges for MBA Financial Management in the USA:
|2||University of Pennsylvania (Wharton)|
|4||University of Chicago|
The UK has institutions that date back to the 13th century. This makes the UK one of the best destinations for pursuing an MBA in Financial Management. The table below shows the top colleges for MBA Financial Management in the UK:
|1||University of Cambridge|
|2||London Business School|
|3||University of Manchester|
|4||Imperial College London|
|5||University of Birmingham|
For many students, Australia, also known as the 'Land Down Under,' has emerged as one of the top locations for higher education. The list of top colleges for MBA Financial Management in Australia is as follows:
|1||University of Melbourne|
|2||University of South Wales|
|4||University of Queensland|
The MBA Financial Management fee is not fixed and depends on many factors. Some of the factors which affect the MBA Financial Management fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average MBA Financial Management course fee in India is around INR 1 - 7 LPA.
|Sl.No.||Name of the College||Total Fee Structure|
|1.||SP Jain, Mumbai||INR 12-19 LPA|
|2.||Narsee Monjee, Mumbai||INR 18 LPA|
|3.||Lal Bahadur Shastri Institute of Management, Delhi||INR 3-13 LPA|
|4.||Taxila Business School, Jaipur||INR 9 LPA|
|5.||National Institute of Bank Management, Pune||INR 5.13 LPA|
The MBA Financial Management course is designed to give students both a theoretical and practical study approach. Students can successfully learn the abilities required in the finance industry. The MBA Financial Management course follows a set pattern. The following is a list of the general topics that will be covered during the course:
When students decide to pursue MBA in Financial Management, they should first research MBA Financial Management course details to ensure that they know the course they are enrolling in. Breaking down the question "Why choose MBA Financial Management?" into three brief questions simplifies the answer:
MBA in Financial Management is a two-year postgraduate degree that focuses on finance and its management in the day-to-day world. The purpose of this course is to introduce students to the key skills of management used in the finance sector. The MBA Financial Management course includes evaluation of investments and raising capital to fund them, Financial analysis, and Account Managing which is an integral part of the economic world today.
Graduates who complete this course can work in a variety of finance-based industries such as banks, investment companies, insurance companies, real estate firms, etc. Students also work in many other areas such as healthcare, educational sectors and so on. Here are some of the most common features:
After earning an MBA in Financial Management, both fresher and experienced professionals can pursue a variety of career opportunities. It is dependent on an individual's capabilities, academic record, skills, and experience. Some of the reasons are:
Demand: MBA in Financial Management is a great career choice for those with a lot of imagination and ideas. The graduates are always in demand among Financial Advisors, Stock Trader and Analysts. Students have various career opportunities.
Career Growth: MBA Financial Management graduates have a wide range of job opportunities. Candidates can advance in their careers after gaining experience as a Financial Advisor.
Skill Development: Students get a lot of opportunities in enhancing their financial management and business skills that are required today.
Read More: MBA Financial Management Jobs and Scope
MBA Financial Management course involves a broad spectrum of business-related topics such as accounting, statistics, management, etc, and MS in Finance degree is for students who want a specific focus on finance or a closely related field. Below is a comparison of the MBA Financial Management course with the other courses.
The table below showcases the differences between MBA Financial Management and MS in Finance:
|Course||MBA Financial Management||MS in Finance|
|Full-Form||MBA Financial Management||MS in Finance|
|Course Duration||2 years||1-2 years|
|Eligibility||10+2 from a recognized board with a minimum of 50% and a bachelor’s degree from a recognised university.||10+2 from a recognized board with a minimum of 50% and a bachelor’s degree from a recognised university.|
|Entrance Exams||CAT, MAT, GMAT etc||CAT|
|Top Colleges||SP Jain, Narsee Monji, etc.||JBIMS, Pondicherry University, etc.|
|Fees||INR 2 - 14 LPA||INR 2- 5 LPA|
The table below showcases the differences between MBA in Finance and MBA in Financial Management:
|Course||MBA Financial Management||MBA in Finance|
|Full-Form||Master of Business Administration Financial Management||Master of Business Administration in Finance|
|Course Duration||2 years||2 years|
|Eligibility||10+2 from a recognized board with a minimum of 50% and a bachelor’s degree from a recognised university.|
|Entrance Exams||CAT, MAT, GMAT etc||CAT, MAT, GMAT, GRE etc.|
|Top Colleges||SP Jain University, ISB Hyderabad, IIM Ahmedabad, IIT Delhi, IIM Bangalore||JBIMS, Chandigarh University, NMIMS, Symbiosis University, IIM Ahmedabad, IIM Bangalore, Madras University, Christ University|
|Fees||INR 2 - 14 LPA||INR 2- 15 LPA|
There are many tips that students must note when deciding to pursue an MBA in Financial Management. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles.
Syllabus: Students must be well-versed with the course syllabus. This is the first and most fundamental step in the preparation process.
Exam Pattern: Understand the examination patterns and the kind of questions that are commonly asked. Students will most likely be asked multiple-choice questions.
Important topics: Students should concentrate more on the important areas, as these are where questions are most usually asked. These sections must be focused on while reviewing the chapters.
Revise: Practice questions from past years' question papers and sample papers.
The average salary for MBA Financial Management graduates varies depending on the specialization chosen by the candidates. Other factors that can affect MBA Financial Management salary in India include experience, geography, and the industry they are working in.
Graduates can increase their salary by getting more work experience. The average MBA Financial Management job starting salary for MBA financial management graduates is around INR 2 - 20 LPA [Source: PayScale].
Read More: MBA Financial Management Salary
There are plenty of jobs available for MBA Financial Management students in both the public and private sectors. The job roles will differ based on the specialization that one has opted for. There are abundant MBA finance job opportunities with good salary packages that include the following job profiles:
As financial management is used by all industries in this age, aspirants apply to transform them from wannabe brutes into wannabe financial management professionals. Some of the skills MBA students in Financial Management must have:
How does the MBA financial management curriculum differ from the CFA level 1 curriculum?
The CFA syllabus focuses on management and investment abilities, whereas the MBA Financial Management syllabus focuses on finance, human resource accounting, and marketing skills. This is the main difference between the CFA level 1 syllabus and the MBA Financial Management syllabus.
Is Maths compulsory for MBA Financial Management?
Yes, mathematics is a course that is required for the MBA in Financial Management. Because there is a lot of coursework that involves math, math is an integral and significant part of the MBA Financial Management syllabus. If you have a basic understanding of math, you can easily manage to study MBA in Financial Management.
What certificate courses can be done after MBA in Financial Management?
The Chartered Financial Analyst (CFA) programme is regarded as one of the best courses to pursue after completing an MBA in Finance. Other useful courses include Certified Public Accountant (CPA) certification, Chartered Alternative Investment Analyst (CAIA) designation, Certified Financial Planner (CFP) designation, and Financial Risk Manager (FRM) certification.
What is the average salary of an MBA Financial Management graduate?
The average salary of an MBA Financial Management graduate is around INR 5 - 15 LPA.
What are the average fees for the MBA Financial Management course?
The average fee for the MBA Financial Management course is INR 5 - 10 LPA.