MBA Specializations

MBA Finance: Syllabus, Job Roles, Salary, Certifications, Career

MBA Finance

The first thing that comes to our mind when we read MBA FINANCE is money. MBA finance is for people who want to make a career dealing with a lot of money. MBA Finance is a beautiful blend of mathematical equations with management theories. It opens up a plethora of opportunities for the aspirants by exposing them to learn aspects like analyzing the company’s reports, forecasting economic trends, maximizing the stock values, risk management and investment banking to name a few.

MBA Finance

People who opt for MBA finance have to strike the balance between financial rigour and management lessons taught in the classes, especially while dealing with the clients. MBA Finance prepares the students for senior-level management roles in the corporates. An MBA finance graduate from a Top B-School will be joining the position of Asst. VP or so right off the college placements.

In the initial days of the career, you might not be doing the multimillion-dollar deals, but you will be there in the room where all those deals will be taking place. After a few years into the field, you will be presenting to the CEO and the CFO’s of the world. You will be dealing with someone who is no.1 at the Tata’s or Birla’s. You will be getting the hands-on experience of how things happen at that level? or how the CEO or the CFO thinks or what made Walmart buy Flipkart at such a huge price? This is the kind of exposure an MBA Finance graduate from a top B-school will be getting.


MBA Finance Syllabus

The syllabus of an MBA Finance course will typically be a mix of both the core management concepts and core finance subjects. Generally, all the core management subjects are covered in the first year of the course and the finance subjects are covered in the second year. This may vary depending on the college and course you opt for. For example, the MSc Finance course offered in Jamnalal Bajaj Institute of Management Studies (JBIMS), which is considered as an equivalent to MBA course, has a syllabus which deals with core finance from the very first semester.

  • Accounting for managers
  • Corporate finance
  • Economic environment of business
  • Investment banking
  • Quantitative analysis of financial decisions
  • Security analysis and portfolio management
  • Financial analytics
  • Corporate taxation
  • Financial derivatives
  • Financial risk management
  • Financial markets and institutions
  • Financial reporting
  • Merchant banking and financial services
  • Fixed income securities
  • International financial management
  • Management of financial services
  • Corporate governance

Skillset required for MBA Finance

  1. Sharp quantitative and analytical skills are a must for someone who is doing MBA in finance as they have to survive in a career which primarily deals with numbers.
  2. Economics, mathematics, commerce degree with some quantitative background is also a must-have for someone who is looking to get into MBA finance. But if you don’t have any of these degrees, you must be able to explain your analytical skills through your previous job experience or any project you might have done previously.
  3. Well-known certifications like CFA or FRM, etc. will help the MBA finance graduate to select the specialization they want to work for, for example, someone with a CFP certification will be looking to get into wealth management.
  4. Having the knowledge of software like MS Excel, Python, R, etc. will give the aspirants an edge over others.
  5. There is no compromise with Communication skills.

*You can always upskill yourself


Job Roles after MBA Finance

Following are the top job roles aspirants get after doing MBA finance-

  1. INVESTMENT BANKER

The major role of an Investment banker is to raise funds for the corporations by issuing stocks or borrowing the money. They also act as advisors for an organization in mergers and acquisition. The investment bankers will also provide assistance to their clients in decision making.

 

  1. ACCOUNTING MANAGERS

The primary job of an Accounting manager is to maintain the financial health and integrity of the organization. The accounting manager leads the accounting department and ensures the financial statements are being made in a timely manner.

 

  1. RISK MANAGER

The financial risk manager intimates the organizations of any potential risk to the profitability or existence of the company. As a risk manager, you are responsible for determining financial, safety and security risks for an organization and you find ways to reduce that risk through your skills.

 

  1. CREDIT MANAGERS

As a Credit Manager, you are researching and evaluating the creditworthiness of the clients. The other functions of the credit managers are to optimize company sales and reduce bad debts through a proper credit policy for clients.

 

  1. FINANCIAL ANALYST

As the name suggests the function of a financial analyst is to do the financial data analysis and find out trends. The financial analyst tracks the company performance against the executed plan. The financial analysts help senior-level management in taking important financial decisions by providing analysis reports.

 

  1. INVESTMENT SALES TRADER

The job role of an investment sales trader is to buy and sell financial securities like bonds, shares, etc for the organization they are working for. The buy and sell decisions are generally backed up by lots of analysis. For this job role, you need to be well versed with the financial markets.

 

  1. WEALTH MANAGER

The Wealth managers generally provide a wide array of services ranging from giving the clients advice on to which investments would be good for them to tax planning services. They also manage the investments for the clients and make sure the clients are getting good returns and often buy and sell stocks for the clients.

 

  1. CORPORATE BANKING

The main function of a corporate banker is to advise the organizations on how to reach their financial goals and how to implement the financial plans. They also advise the organizations on banking services like loans for various things like day to day operations or expansions. They help their clients grow financially.

Read More: Job roles in Marketing, Finance, Operations, HR


Career in MBA Finance

MBA Finance specialization opens a gateway to Corporate Finance, Equity Research, Investment Banking, Wealth Management, Project Finance, Credit rating.

Job Roles Average Salary

per annum

Investment Banker Rs.9,80,000
Accounting Managers Rs.5,90,000
Credit Managers Rs.5,86,000
Financial Analyst Rs.5,00,000
Investment Sales trader Rs.9,00,000
Risk Managers Rs.9,10,000
Wealth Managers Rs.6,42,000
Corporate Banker Rs.4,48,000
Recruiters in Finance domain

JP Morgan Chase, Boston Consulting Group (BCG), Goldman Sachs, Barclays, Morgan Stanley, UBS Group, Citi Bank, ICICI Bank, HSBC Bank, Bajaj Finserv, Kotak Mahindra Bank, IDFC Bank, IIFL, Bank of America, Deutsche Bank, Tata Capital, Edelweiss Capital, IL&FS, etc.


MBA Finance Certification Courses
  1. CHARTERED FINANCIAL ANALYST (CFA)

The main focus of someone doing CFA is portfolio management and investment analysis. The CFA is one of the most sought after certifications by the recruiters. CFA consists of 3 levels and takes almost 4 years to complete. CFA certification is a must-have for someone who is looking to get into Asset Management and Equity research.

 

  1. CERTIFIED PUBLIC ACCOUNTANT (CPA)

The CPA is the most sought after certification for people who are looking to get into the accounting side of things. The main focus of this certification is auditing, accounting and reporting.

 

  1. CERTIFIED FINANCIAL PLANNER (CFP)

CFP can prove out to be of great help for people looking to get into wealth management. The focus of this course is financial planning, retail banking, etc.

 

  1. FINANCIAL RISK MANAGEMENT (FRM)

FRM certificate is very important for students who are aspiring to get into risk management.  Financial Risk Management is a very specific and targeted certification. It is also very time and cost-effective certification.

Read More: Certification course for MBA Finance


Top Colleges

Following is the list of TOP B-schools in India for pursuing an MBA in Finance-

  1. Indian Institute of Management, Calcutta
  2. Indian Institute of Management, Bangalore
  3. Indian Institute of Management, Ahmadabad
  4. Faculty of Management Studies, Delhi
  5. Indian Institute of Foreign Trade, Delhi
  6. Jamnalal Bajaj Institute of Management Studies, Mumbai
  7. Indian School of Business, Hyderabad
  8. Indian Institute of Management, Lucknow
  9. Indian Institute of Management, Kozhikode
  10. SP. Jain Institute of Management and Research, Mumbai
  11. Indian Institute of Management, Indore
  12. National Institute of Bank Management (NIBM), Pune
  13. National Insurance Academy (NIA), Pune
  14. Narsee Monjee Institute of Management Studies, Mumbai
  15. Symbiosis Institute of Business Management, Pune

Author

  • Tanmay Laturkar: Mechanical Engineer, PGDM Core 2020-22 batch from Welingkar Bangalore.

Must Explore

MBA Specializations

Marketing Finance Operations
Human Resources Health Care Management Retail Management
Rural Management Business Analytics IT Systems
International Business General Management Pharma Management

Related Articles

Back to top button
error: Content is protected !!