MBA in Finance: Scope, Importance and Job Opportunities

MBA in Finance is a postgraduate management degree in finance. Once you get a degree in the subject, you have the skills in different areas of finance. Let us get started by understanding the importance of this management degree.

In this article, you will learn about the importance, scope and job opportunities after getting an MBA in Finance.

Table of Contents

1. What is MBA in Finance?
2. Syllabus for MBA in finance
3. Eligibility Criteria for Admission in MBA Finance
4. MBA Finance entrance exams
5. Scope
6. MBA in Finance job

What is MBA in Finance?

In this 2-year long post-graduation course, the students learn money management, control, collection and investment of money. In Indian universities, MBA in finance is offered as a specialisation. It is also offered as an elective course in the second year of management programmes. The students of this MBA programme learn the following:

• Company report analysis
• Economic trend forecasting 
• Investment portfolio planning
• Stock value maximisation  
• Principles of financial risk management

Syllabus of MBA in Finance

The following are the subjects of an MBA in Finance:

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Elective Subjects for MBA in Finance 

Following are the elective subjects in MBA finance:

1. Credit Risk Management
2. Market Risk Management
3. Business Analysis & Valuation
4. Operational Risk Management
5. Venture Capital & Private Equity
6. Mergers, Acquisitions and Corporate
7. Security Analysis & Portfolio Management

Eligibility Criteria for Admission in MBA Finance

Those who want to pursue an MBA in finance must have scored at least 50% in their graduation in any discipline. Those who want to get admission in MBA finance should have a sound background in Mathematics. 

There is no age limit on pursuing this course. Certain colleges may take direct admission based on the aspirant’s score. Along with this, there are some college entrance exams for admission in this course. 

Top Entrance Exams for MBA in Finance

Following are the top entrance examinations for MBA in Finance:

1. GMAT

It is the graduate management admission test that is conducted for admission to management and business schools internationally. 8 are the maximum number of attempts and within 12 months, you can give 5 attempts. Within two successive attempts, there must be a gap of 16 days. More than 2300 colleges accept the GMAT score. Even XLRI and IIMs accept its score. Any graduate can appear for the GMAT examination. This entrance examination is divided into the following four sections:

2. CAT

It is an entrance examination for management aspirants with a duration of 2 hours. The examination consists of 66 objective type questions. The exam assesses the candidate’s verbal ability, reading comprehension, data interpretation, logical reasoning and quantitative aptitude. More than 1000 colleges for MBA accept the CAT score which is measured in percentile. 

For graduates from 2020-22 batches, the minimum percentage limitation has been removed for those who are appearing in CAT 2022. This exception has been made due to COVID-19. It is advisable to check the official website to know further guidelines on this exception. For other aspirants, 50% is the minimum percentage in graduation for general candidates and 45% for SC, ST and PWD candidates.

The three sections of the CAT entrance exam include:

3. MAT

All India Management Association conducts the Management Aptitude Test (MAT Exam). Those who plan to do an MBA in finance course can give this exam. There is no minimum percentage of graduation required in the MAT exam. There is no weightage for the work experience.

The exam takes place four times a year February, May, September and December. Candidates can improve their scores after every four months. MAT score is valid for one year. 

There are five sections in the exam which together carry 200 marks. Each section carries 40 marks. It is 2 hours and 30 minutes long examination. 

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4. XAT

For the XAT exam, the applicant should have either completed their bachelor’s degree or they should be in their final semester. There is no age limit. More than 160 b-schools accept the XAT score. General students who score at least 50% in aggregate are eligible for the XAT exam. SC, ST and PwD are given 5% relaxation in the final year percentage.

The exam is 180 minutes long. 3 hours are allotted to Quantitative Ability and Data Interpretation, Verbal Ability and Logical Reasoning, and Decision Making. Another 30 minutes are allotted for the general knowledge section.  The total number of questions varies but on average, there are 100 questions in the entrance exam.

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5. CMAT

It is conducted by the National Testing Agency. Those who want to pursue management courses can give the examination. For appearing in the CMAT entrance exam, the student should have a bachelor’s degree and at least 2 years of work experience. 

General category students must have scored at least 50% and SC/ST category will be eligible if they have scored a minimum of 45% marks. There is no age limit for appearing in the CMAT exam. Around 1000 business schools accept the CMAT score. It is a 3-hour long examination. There are four sections that consist of a total of four sections including: 

Importance of MBA in Finance

Finance is a very important subject for maintaining and strengthening any business or economy. On a smaller scale, it is important for managing personal finances, improving investment strategies and saving money. Learning finance can significantly improve your knowledge of money matters. 

Over the course of time, you will learn that you have greatly improved with money management. With a degree in MBA in Finance, you will definitely have a bright future. There are a number of job opportunities after you get an MBA degree in Finance. 

Topics for MBA Finance Projects

Following are some of the popular project topics that the students of the MBA Finance program can choose. 

• Capital management
• Income tax planning
• Financing a self-help group
• Capital model of a company
• Investment analysis of any company
• Financial planning and tips on tax savings
• Detailed analysis of Investment vs Savings
• Research on Indian banks and their operations
• Risk perception and portfolio management of an equity investor
• Difference between mutual funds of public and private sectors

Opportunities of Jobs With MBA in Finance

The following are the career options for those who have completed MBA in finance:

1. Risk manager
2. Financial analyst
3. Investment banker
4. Financial consultant
5. Venture capitalist
6. Corporate finance professional
7. Wealth and portfolio manager

Scope of MBA in Finance

Those with finance degrees have a scope of specialising in the following professions:

1. Certified Public Accountant (CPA): After completing MBA in Finance, licensed accountants become certified public accountants (CPA). These professionals require two or more years of experience in public accounting. They also need to pass the uniform CPA exam. These professionals have a number of career options available including public accounting, corporate accounting and government service. These certified professionals can reach up to the position of Chief Financial Officers. You can further check the cpa exam details, syllabus and eligibility criteria. 
2. Certified Management Accountant (CMA): These professionals handle the financials of a company. This may include forecasts of profit margins of specific projects, and advising on financial decisions to promote business growth and protect the company from monetary risk. Their job also involves management and executive-level duties. These professionals also analyse budgets and make informed business decisions.CMA aspirants should have a bachelor’s degree from an accredited college or should be certified in an IMA approved certification course.
3. Corporate finance: It is the financial domain that deals with capital structuring, corporate funding and financial decision making. Corporate finance professionals work on increasing the worth of stakeholders through capital planning. Those who have a degree in finance, management and business administration can choose a career in corporate finance. You can explore top online corporate finance courses to get skilled in this domain.
4. International finance: It is the study of monetary interactions between different countries. These professionals work in the areas of foreign direct investments and currency exchange rates.  also known as international macroeconomics. This is a growing field since international transactions have become frequent due to globalisation and improvement in technology. Companies require professionals who have knowledge of global financial markets. Through this course, you will learn about fundraising through international IPOs, Eurobonds, etc. 

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