Know your specialisation: MBA in Finance

Financial Management is the backbone of a market. Right from a country to a corporation – everything requires a finance department.

Finance is not just about the study of economics and monetary flow. Finance helps understand the expectations of market and can even shape up a firm.

The key aspects that an MBA in finance covers are – microfinance and macrofinance.

According to TopMba, “A long-standing favourite specialist area for many MBA graduates, finance has taken a hit in popularity amongst applicants in recent years, following the global financial crisis. However, as business schools continue to react to the ongoing financial events around the world, altering their programs to incorporate the lessons that need to be learnt from such economically game-changing events, employers continue to value the modern approach of MBA graduates to finance.”

Course curriculum

Some of the subjects taught in MBA Finance are:

• Corporate Finance
• Investments
• Behavioural Finance
• Portfolio management
• Capital Management
• International finance
• Financial Institutions
• Pricing Derivative Securities
• Fixed Income Securities (Credit & Rating)
• Risk Management
• Insurance
• Mergers, Acquisitions & Corporate Restructuring
• Strategic Financial Management
• Venture Capital and Private Equity
• Financial Planning and Forecasting
• Capitalisation
• Budget
• Financial Statements
• Capital Markets
• Revenue, Profit & Loss

 Starting salaries

Starting salaries can range from anywhere between Rs 2.5 to Rs 20 lakh per annum. Students of top B-Schools earn in the range of Rs 15 – 20 lakh oer annum.

Top Recruiters

Banks, consulting firms regularly hire MBA finance graduates. Here are some top firms for 2014:

JP Morgan, Deutsche Bank, Goldman Sachs, Citibank, Royal Bank of Scotland, HSBC, Standard Chartered, Morgan Stanley, Bank of America Merrill Lynch, Development Bank of Singapore, Axis Bank, Kotak, ICICI Bank, HDFC Bank, American Express, CRISIL, etc

Top colleges offering MBA Operation

S. P. Jain Institute of Management and Research

SVKMs NMIMS (Narsee Monjee Institute of Management Studies)

K. J. Somaiya Institute of Management Studies and Research

Lal Bahadur Shastri Institute of Management (LBSIM)

Xavier Institute of Social Service

Institute for Financial Management and Research (IFMR)

Please note: The list doesn’t include IIMs and other B-Schools that offer PGP /MBA/MMS/PGDM (etc) programmes wherein the students can choose specialisation in the second year of study. The list includes programmes devoted to Finance Management.

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