MBA

Master of Business Administration

Stream Management
Course Type Master
Duration 2 Years

Master of Business Administration in Finance Top colleges, Syllabus, Scope and Salary

Master of Business Administration in Finance is among the most sought after specialization in field of Management. MBA (Finance) is a two year post graduate course, the eligibility for which is a bachelor’s degree in any discipline with aggregate of 50% marks or equivalent CGPA (Relaxation of 5% is granted to SC/ST Candidates). Candidates can get direct admission on the basis of merit list or management quota.

The course is best suited for those who wish to work in the financial sector such as insurance and mutual funds among others. MBA in Finance syllabus is formulated in such a way that, besides providing the knowledge of operational aspects of  finance, also builds and enhances the candidate’s managerial and technical skills. 

Starting from the principles and practices of management to managerial economics and management of a bank, MBA in Finance is all-inclusive and well-rounded as far as the managerial and technical aspects in the financial sector are concerned.The average fee charged by institute ranges between INR 4 to 20 Lacs. 

 

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

 

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

Programs

Two-year (Full-Time) MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). For example, in the Northern Hemisphere, they often begin in late August/September of year one and continue until May of year two, with a three- to four-month summer break in between years one and two. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students. A typical Full-time, accelerated, part-time or modular MBA requires 60 credits (600 class hours) of graduate work.

Accelerated MBA programs are a variation of the two-year programs. They involve a higher course load with more intense class and examination schedules and are usually condensed into one year. They usually have less 'down time' during the program and between semesters. For example, there is no three to four-month summer break, and between semesters there might be seven to ten days off rather than three to five weeks’ vacation. Accelerated programs typically have a lower cost than full-time two-year programs.

Part-Time MBA programs normally hold classes on weekday evenings, after normal working hours, or on weekends. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take a light course load for a longer period of time until the graduation requirements are met.

Evening (Second Shift) MBA programs are full-time programs that normally hold classes on weekday evenings, after normal working hours, or on weekends for a duration of two years. The students in these programs typically consist of working professionals, who cannot leave their work to pursue a full-time regular shift MBA. Most second shift programs are offered at universities in India.

Modular MBA programs are similar to part-time programs, although typically employing a lock-step curriculum with classes packaged together in blocks lasting from one to three weeks.

Executive MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA (or another business-related graduate degree) in two years or less while working full-time. Participants come from every type and size of organization – profit, non-profit, government – representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1981 to advance executive education.

Full-time executive MBA programs are a new category of full-time 1 year MBA programs aimed at professionals with approx. 5 years or more. They are primarily offered in countries like India where the 2-year MBA program is targeted at fresh graduates with no experience or minimal experience. These full-time executive MBA programs are similar to 1 year MBA programs offered by schools like Insead and IMD.

Distance learning MBA programs hold classes off-campus. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video, pre-recorded video, live teleconference or videoconference, offline or online computer courses. Many schools offer these programs.

Blended learning programs combine distance learning with face-to-face instruction.[24] These programs typically target working professionals who are unable to attend traditional part-time programs.[25]

MBA dual degree programs combine an MBA with others (such as an MS, MA, or a JD, etc.) to let students cut costs (dual programs usually cost less than pursuing 2 degrees separately), save time on education and to tailor the business education courses to their needs. This is generally achieved by allowing core courses of one program count as electives in the other. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in five years.

Mini-MBA is a term used by many non-profit and for-profit institutions to describe a training regimen focused on the fundamentals of business. In the past, Mini-MBA programs have typically been offered as non-credit bearing courses that require less than 100 hours of total learning. However, due to the criticisms of these certificates, many schools have now shifted their programs to offer courses for full credit so that they may be applied towards a complete traditional MBA degree. This is to allow students to verify business related coursework for employment purposes and still allow the option to complete a full-time MBA degree program at a later period, if they elect to do so.

MBA Finance: Syllabus and Subjects List

First year of every MBA specialization comprises of the core subjects.Core subjects are compulsory to all. Following is the list of Core subjects and electives for MBA (Finance). However core subjects may differ from institute to institute-

Core Subjects (First year of course)

Electives (Second year)

Organizational Behaviour
Quantitative Methods Managerial Economics
Financial Accounting
Marketing Management
Human Resource Management
Business Communication
Information Technology Management  Organization Effectiveness and Change
Management Science
Economic Environment of Business  Financial Management
Management Accounting
Production and Operations Management
Marketing Research
Management of Information System

 

Quantitative Analysis of Financial Decisions

Security Analysis and Investment Management

Portfolio Management

International Financial Management

Management of Financial Services

Management Control System

Corporate Taxation

Financial Derivatives

Project Planning, Analysis and Management

Risk Management

Fixed Income Securities

Corporate Governance

Financial Reporting

Above list is taken from only one institute’s curriculum. Not every B-School may have the same curriculum. However there are some other electives which are taught in mostly B-Schools, we are providing here a list-

Some other Electives-

Behavioral Finance

Financial Markets

Business Analysis and Valuation

Financial Modeling Using Excel

Capital Expenditure Planning and Control

Financial Risk Management

Commercial Banking

Financial Technical Analysis and Introduction to Global Intermarket Analysis

Commodities Derivatives Market

Fixed Income Securities

Corporate Taxation

Indian Accounting Standards

Financial Analysis, Planning and Control

International Business Economics

Financial Decision Making under Information Asymmetries

International Financial Management

Issues in Empirical Finance

Mergers, Acquisition and Corporate Restructuring

Risk Management and Insurance

Security Analysis and Portfolio Management

Social Finance, Impact Investing & Insurance

Structured Finance

 Students can opt for any of these electives.Although, the course and list of electives differ for different

MBA in Finance: Career Prospects

As explained earlier, all major organizations in the corporate world require capital management and hence demand for MBA graduates in Finance will never die down. Some of the top companies which recruit candidates with MBA in Finance and average range of package offered by them are:

Company

Packages

Ernst & Young

250,000 – 1,300,000 INR

Genpact

200,000 – 750,000 INR

Accenture

265,000 – 1,000,000 INR

HDFC

200,000 – 600,000 INR

HSBC

300,000 – 2,000,000 INR

An MBA in Finance is one of the top in-demand courses when it comes to a management degree. MBA in Finance boasts of almost 26% share in MBA job opportunities globally. With doors to International Investment in India widening, there is expected to be a propential growth in demand for MBAs in different specialized areas.  In a Survey conducted by Economic Times, MBA hiring are about to grow by 84% in 2015, 10% more than that in 2014, globally which means more job opportunities for those seeking to procure an MBA degree.

MBA Graduates in Finance usually find employment in organizations which require to maintain a balance of Capital. Some of the popular working areas for Finance Graduates in an organization are:

  • Asset Management
  • Corporate Finance and Corporate Banking
  • Credit Risk Management
  • Derivative Structuring
  • Hedge Fund Management
  • Private Equity
  • Treasury

Every year MBA graduates in Finance are recruited in multiple sectors for roles pertaining to capital management etc. The distribution of MBA graduates recruited in various sectors are:

MBA in Finance

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. Below is an estimate of average salary package offered to students from top Management Institutions to average Management Institutions:

MBA in Finance

 

An Analysis of Career Roles and Salary Graph

Following graph shows lowest, median and highest salary offered to MBA Finance graduates in INR Lakhs

Median Salary means that 50% people make less than this value and 50% make more.

Top Management Institutes like IIMs or Narsee Monjee have high placement records with some of the highest pay Packages being offered to the students of these institutions. Average institutions too fare well in terms of placements though the packages offered might not be high.

Gender as a Key Factor in MBA Finance Salary Packages

With a meagre 19% women in MBA Finance, the average salary is less for women than for men. Men make 81% of the workforce with an MBA degree in Finance. The Gender-wise average salary is as given below:

MBA Fin 7

 

Gender

Average Salary Range

Women

190,000 INR – 750,000 INR

Men

210,000 INR – 1,000,000 INR

 

Here is the List of Top MBA Colleges in India

  1. IIM, Ahmedabad - Indian Institute of Management, Ahemdabad (IIMA)

    The first IIM came up in Ahmedabad in 1961. The brains behind the IIM-A was that of Dr Vikram Sarabhai and a some other industrialists. Indian Institute of Management, Ahmedabad, was created as an autonomous body with the collaboration of the central and the state government. According to a survey - “IIM Ahmedabad was rated as The world's toughest Bschool to get into”. The mission of IIM - Ahemdabad is to professionalise Indian management through teaching, research, training, institutional building and cosuliting.

    Courses Offered

    Contact Address
    Indian Institute of Management
    Vastrapur Ahmedabad 380 015 INDIA
    Tel: 91 79 2630 7241
    Fax: 91 79 2630 6896

    • Post Graduate Programme in Management

    • Post-Graduate Programme in Agri-Business Management (PGP-ABM)

    • Post Graduate Programme in Public Management and Policy (PGP-PMP)

    • Post-Graduate Programme in Management for Executives (PGPX)

    • Faculty Development Programme (FDP)

    • Fellow Programme in Management (FPM)

  2. IIM, Calcutta

    IIM, Calcutta was established in 1961 in collaboration with Akfred P Sloan School of Management (MIT), the Government of West Bengal, the Ford Foundation and Indian Industry. It is located in its own sprawling 135 acres campus in Joka.

    Courses Offered

    Contact Address
    Indian Institute Of Management Calcutta
    Diamond harbour road Joka,
    Kolkata (Calcutta) - 700104 West Bengal India

    • Post Graduate Diploma in Management (PGDM)

    • Post Graduate Diploma in Computer Aided Management (PGDCM)

    • Post Graduate Diploma in Business Management (PGDBM)

    • Post Graduate Programme For Executives (PGPEX)

    • Fellow Programmes in Management (FPM)

  3. IIM, Bangalore

    The Indian Institute of Management Bangalore was established in 1973. It is one of the top management institutes in the country. IIM Banglore is the only B School in India to be ranked among Top 10 Asia-Pacific B-Schools.

    Courses Offered

    Contact Address
    Indian Institute of Management
    Bangalore Bannerghatta Road,
    Bangalore, India Pin Code : 560 076
    Tel: 91-80-26582450
    Fax: 91-80-26584050

    • Post Graduate Programme in Business Management

    • Post Graduate Programme in Software Enterprise Management (PGSEM)

    • Post Graduate Programme in Public Policy Management (PGPPM)

    • Doctoral Programme

  4. IIM, Lucknow

    Indian Institute of Management, Lucknow was established in 1984 by the Government of India, as a national level school of excellence in management science.

    Courses Offered

    Contact Address
    Indian Institute Of Management
    Prabandh Nagar, Off Sitapur Road Lucknow
    Uttar Pradesh India Pin : 226013

    • Post Graduate Program (PGP)

    • Post-Graduate Programme in Agri-Business Management (PGP-ABM)

    • Working Managers Program (WPM)

    • Post Graduate Programme in Business Management for Working Managers (WMP)

    • International Programme in Management for Executives (IPMX)

    • Fellow Programme in Management (FPM)

  5. XLRI (Xavier Labour Relations Institute)- Jamshedpur

    XLRI Jamshedpur is one of the most renowned management institutes of India. XLRI was founded in 1949 by Fr Quinn Enright in Jamshedpur. Since its evolution Xavier Labour Relations Institute Jamshedpur has set new benchmarks in the field of management education. XLRI was one of the first management institutes to go international. It has established campuses at Dubai and Singapore.

    Courses Offered

    Contact Address
    XLRI Circuit House Area (East)
    Jamshedpur 831 001 Jharkhand India
    Tel: +91 - 657- 2225506 - 12
    Fax: +91 - 657 - 2227814
    E-mail: xlwebmaster@xlri.ac.in

    • Personnel Management & Industrial Relations (PM & IR)

    • Postgraduate Diploma in Business Management (PGDBM)

    • Fellow Programme in Management (FPM)

    • Executive Fellow Programme in Management (Exec-FPM)

    • General Management Programme (GMP)

  6. ISB (Indian School of Business) - Hyderabad

    Indian School of Business - Hyderabad is one of the top-ranked business schools of India. It was founded by eminent business leaders, entrepreneurs and academicians from all around the world. Indian School of Business Hyderabad has academic association with three of the worlds leading business schools - Kellogg School of Management, The Wharton School, and London Business School.

    Courses Offered

    Contact Address
    Indian School of Business Gachibowli
    Hyderabad-500 032 India
    Ph +91 40 2300 7000
    Fax +91 40 2300 7012

    • Post Graduate Programme (PGP) in Management

    • Business Research Fellowship Programme (BRFP)

  7. FMS (Faculty of Management Studies) - Delhi

    Faculty of Management Studies (FMS) is part of the University of Delhi. It was established in 1954. FMS was the first institute in the country to offer management training for professional managers in the form of a part time program. Today FMS has evolved into one of the key management institutes of the country.

    Courses Offered

    Contact Address
    Faculty of Management Studies University of Delhi
    Delhi - 110007
    Tel: +91 11 2766 7419 / 7017
    Fax: +91 11 2766 7535

    • Master of Business Administration (full time)

    • Master of Business Administration (part time)

    • Master of Business Administration - Management of Services (MBA-MS)

    • Master of Business Administration - Health Care Administration (MBA-HCA)

    • Management Development Programmes and Doctoral Programmes

  8. IIM, Indore

    IIM Indore was established in 1996 and is one of the top management schools of India. It is the youngest member of the IIM family. Indian Institute of Management, Indore has a campus spread over 193 acres. In a short span of time IIM Indore has built a solid reputation in the Indian Industry.

    Courses Offered

    Contact Address
    Indian Institute of Management Indore
    Pigdamber, Rau Indore 453 331
    Madhya Pradesh, India
    Tel: + 91-731-4228400
    Fax: + 91-731-4228800
    E-mail: webman@iimidr.ac.in

    • Post Graduate Programme (PGP)

    • Management Development Programme (MDP)

    • Executive Post-Graduate Programme In Management (Exe-PGP)

    • Fellow Programme in Management (FPM)

    • General Management Programme for Defence Officers (GMP)

  9. IIM, Kozhikode

    Indian Institute of Management Kozhikode was established in 1996 by the Government of India in collaboration with the Government of Kerala as the 5th Indian Institute of Management. IIM Kozhikode is one of the premier management institutes of India. The institute provides education, training, and consulting and research facilities in management.

    Courses Offered

    Contact Address
    Indian Institute of Management
    Kozhikode IIMK Campus
    P. O., Kozhikode 673 570, Kerala, India
    Phone: +91-495-2803001
    Fax : +91-495-2803010-11

    • Post Graduate Programme (PGP)

    • Executive Management Education Programme (eMEP)

    • Management Development Programmes (MDP)

    • Fellow Development Programmes (FDP)

  10. JBIMS (Jamnalal Bajaj Institute of Management Studies) - Mumbai

    The institute was founded in 1965 by the University of Bombay with the objective of pioneering and furthering post - graduate management education in India. JBIMS (Jamnalal Bajaj Institute of Management Studies) is one of the top management institutes of India. JBIMS has been ranked in Asia's Top 25 business schools by Asia Inc. The institute's proximity to Nariman Point, commercial hub of India, gives it an added advantage.

    Courses Offered

    Contact Address
    Dadabhai Naoroji House, 164 Backbay Reclamation,
    HT. Parekh Marg, Churchgate Mumbai - 400020

    • Masters in Management Studies (MMS)

    • Executive MMS

    • Doctoral Programme in Management Studies (Ph.D)

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Eligibility Criteria: The minimum eligibility criterion for admission is at least a 3-year bachelor's degree with at least 50 per cent marks or equivalent (45 per cent for SC/ST or persons with disability (PWD) category, of any of the Universities (please check specifications) or possess an equivalent qualification recognised by the Ministry of HRD, Government of India. 
Note : The Bachelor's degree or equivalent qualification obtained by the candidate must entail minimum of three years of education after completing higher secondary schooling.

In case of the candidates being awarded grades/CGPA instead of marks, the equivalence would be based on the equivalence certified by the university/institution from where they have obtained bachelor’s degree.

Admission Procedure: A Common Admission Test (CAT) is held at Ahmedabad, Allahabad, Bangalore, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Delhi, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Jameshedpur, Kolkata, Kozhikode, Lucknow, Mumbai, Nagpur, Noida, Patna and Pune on all India basis for admission to Postgraduate Programmes in Management (PGP) in all of these Top Management Schools.

 

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 Admission 2017

                                                                                                                          

Direct Admission

Direct admissions are done either on the basis of merit list or on management quota.  Direct admission in MBA Finance is offered by private institutes. These admissions are done on the basis of Management Quota/NRI/Sponsored seats. Direct admission for any institute only includes one round. They offer admission directly by submitting the course fee.

MBA: Entrance Tests

There are about 15 national level entrance tests which provide opportunity for students to pursue their MBA from their dream b school. Some most common entrance tests are

Application process for most of the entrance exams generally starts from July to October.  Entrance tests are held in the end of the year. CAT the most renowned test for MBA in India is held in November, XAT in January and others are also held between months November to January. Classes in most of the B schools begin in July or August. Following are some brief details of these entrance tests-

MBA in finance Entrance Exams

Selection process for most of the B schools includes following steps-

  • Shortlisting on the basis of Entrance Test Score- Mostly B schools first, shortlist candidates on the basis of their score in the entrance test which is acceptable by the institute. Shortlisted candidates get a call from the respective b school for further rounds.
  • GD/PI/WAT- After shortlisting candidates on the basis of test score, next round of selection process is conducted. Almost all the top B schools of the country follow the same pattern for admission. Group discussion or Written Ability Test is the first phase of the second round. This process differs from institute to institute. Some prefer GD while some prefer WAT. PI is the final round for the selection. Apart from these stages, academic performance of the institute is also considered in the final selection. Following is the process followed by most of the institutes in final selection-

Criteria

Weightage

Entrance Test Score

60-70%

Academic Performance

10-15%

GD/PI/WAT

5-10%

Work Experience

5-10%

Above table shows a rough idea about how much weightage to which criterion is given by most of the institutes for final selection of the candidates.

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Entrance Exam - Master of Business Administration
Exam Name Grade Level Exam Date
NMAT PG 5th October 2017
IIFT PG 2nd December 2018
CMAT 2019 PG 20th January 2018
GMAT PG