To get a top job in the finance industry of the country, you will need to have an MBA in finance degree. This degree will help you get a manager job or something of equal importance. This degree teaches you all about the complex finance industry of the country, and how to manage finances in a business. This degree will make a finance expert.
If you are good with numbers and are seriously considering doing the MBA in finance degree after graduation, there are a few things you should know about the degree. In the following blog, you will find all the relevant information like the degrees scope, eligibility parameters, admission process, syllabus, fees, and other important benefits of the degrees. With this information, you will be able to make up your mind regarding the pursuance of the degree.
And if you want to know about this degree and other MBA degrees as well, you can click on the following link and read the blog all you need to know about MBA.
The following course highlights will give you a quick look at the MBA in finance degree. This information will also give you a good idea about the degree, but to know more, you will find detailed information in the blog.
Before you get prepped to do an MBA in finance, check your eligibility to do the course. Some stringent criteria have been set by most B-schools that you need to adhere to.
Here are the eligibility criteria for MBA finance degree:
The following is the generalised admission process followed by most of the B-schools in the country. Knowing the process will also help you mentally prepare for all the steps that you will have to take because getting admission is not easy.
Here’s the general process followed by most institutes for MBA finance admission:
An MBA in finance is a demanding degree and you should have a few solid reasons to do it. However, if you are still unsure, here are some reasons that will make you confident about your choice of education.
Here are a few top reasons to do an MBA degree in finance:
Finance is one of the most important industries, not just in the country but in the world. Therefore, by doing an MBA in finance, you are going to be a part of an industry on which all businesses, industries, and countries depend. It is a highly moderated industry that can be in the red. Therefore, there is always protection and your job and industry will always be secure.
Technology is making many jobs irrelevant, but that will not happen in finance. This is an industry that has happily incorporated technology and is using it to drive development. Therefore, you too will be able to be a part of the technology revolution as your MBA in finance degree teaches you to make use of technology.
Finance is a part of everything. No business can commence without finance. Governments cannot function without finance. Therefore, with an MBA in finance degree, you can choose to be a part of any company and any industry. You can get your dream job, make lots of money, and have a satisfying career.
The finance industry has some of the most challenging professions. These jobs require you to stay updated on all the happenings in the business world and really know your stuff. Also, the volatility of the finance markets adds some more pressure. However, if you can handle the pressure and do well, the rewards are worth it. You will never have a boring day if you work in the finance world.
Finance is money, so it is only natural that the salaries in this industry are also good. People working in finance who are good at their job stand to make a lot of money. This is also justified by the fact that there is also quite a bit of risk in this industry. Therefore, if you are someone you can mitigate risk, you should choose an MBA in finance, and earn the salary you deserve.
Further Read: 7 Reasons: Why To Choose MBA In Finance
Just because the MBA in finance and the finance degree look lucrative doesn’t mean that you can join and become successful. There are a few skills that you need to have to do well in an MBA in finance.
Here are those required skills for MBA finance program:
To do well in finance, this is the foremost requirement. You have to be good with numbers. Numbers necessarily do not mean that you need to know complex equations. Numbers mean that you should have a good foundation for math. If you are good with calculations, you are poised to do well in the finance industry.
It is one thing to be good with numbers but completely good to be good with money. Your financial skills will decide how well you do in the finance industry. Even without formal training, you can manage money well, know how to make the right investments, and understand the financial markets, you can do well in your MBA in finance degree course.
A certain financially significant event is just like a just a piece of information for a normal person, but if you can read, understand and analyse more than you can see, you have good analytical skills. What happened, why it happened, and what else is going to happen? These questions and their answers, or at least an urge to find the answers, should popup in your head.
During the course, and in your professional life, you will be making a lot of reports and be presenting them. You need to have good presentation skills to do well. You should have the skill to communicate the most complicated things most simply, so it can be understood by everyone. This is a skill that can lead to success in the finance world.
To do well in your MBA finance course, you should also be a good team player. In this degree, you are a part of a collective that can succeed together by helping each other and learning from each other. In the professional world as well, you will be working with many people, and you have to work well to be able to succeed. So, the skill to work as a part of a team will take you far.
Know the subjects and syllabus and subjects in an MBA and finance, and you will know what you are facing. If these subjects excite you, then an MBA in finance is just the right degree for you. Heres the syllabus & subjects. They are a combination of core subjects and electives.
Here are some of the career options that you could pursue after your MBA in finance:
A financial analyst is an excellent and upcoming profession that is soon going to be one of the most popular professions in big companies. A financial analyst analyses the financial markets, their company’s finances, and makes reports and presentations based on findings for the senior management to act upon. This is definitely a career to consider.
A portfolio manager is a person who manages investment portfolios for individual clients or even companies. Their main job is to make sound investments on behalf of their clients and get good returns. They have to know about all various financial markets. Portfolio managers can work for companies, or they can work as expert consultants. In this profession, you can make a lot of money.
Financial advisors are professionals who provide advice on financial investments. This profession is similar to a portfolio manager but a financial advisor only advises on investing, while the portfolio manager has to invest. Financial advisors have to be investment experts. They charge fees for providing their expert advice and stand to make a good living.
A treasury manager os the capital (money) manager in a company. They have to oversee the finances of the company by monitoring all money matters in the company. This is quite a responsible and important position that attracts the sharpest financial minds. Treasury managers also have to travel if their company has many branches all over the country or world. They pay for this position is also quite high.
Investment bankers help companies raise money for their operations through a variety of methods. For this, they have to know all about the equity and debt markets. They help out with buying and selling of companies and also provide investment advice to raise capital. Investment bankers are some of the highest-paid professionals in the financial world.
In a country with one of the worlds biggest financial markets, and an economy that is producing many multinational companies, it can be safely said that a degree like an MBA in finance has a lot of scope. This degree will lead to a lot of career opportunities where you can earn a lot of money.
The MBA in finance degree also incorporates the latest technology with analytical and presentation tools. These are the future of the industry, and you will get to learn them during your course, which further sets you on a strong path to career success.
Do you want to know who you could be working for in the future? Knowing about the top hiring companies for MBA finance graduates acts as motivation. These companies are world-renowned and anybody would love to work for them. Here are the top companies hiring MBA finance graduates.
Here are the industries you can find work in after you have completed your MBA in finance degree course. You can aim for the industry that attracts you the most.
An MBA in finance is one of the best courses you can choose to do after your graduation. With the degree, you are not only going to be a part of a wonderful industry, but you also have chances to make a successful and rewarding career. Hopefully, all the information given above will give you a clear idea of the MBA in finance degree and the wonderful opportunities it brings.
To get the best from your MBA in finance degree, consider doing it from ASMs IBMR located in Pune (Pimpri-Chinchwad). This top-class institute has produced many graduates that are now running the finance industry of the country. To know more about our course, fill the enquiry form on the website or get in touch with our counsellors who will be happy to answer all your questions.