Finance is one of the oldest and popular MBA specializations. A lot of students like to pursue MBA in Finance because of the numerous possibilities that this discipline offers. Specializing in this field means getting a very high-paying job in banks, financial institutions or in the financial department of any organization.

Why pursue MBA in Finance?

Since finance is one of the important parts of any organization today, the demand for finance professionals is on the rise. As a result, more and more MBA aspirants are going for specialized degree in finance. A specialization in this field will provide you the requisite knowledge and equip you with the right skills for you to be able to plan the financial strategies for any company.

Who should pursue MBA in Finance?

Students who have a commerce background or those who have interest in the financial sector should opt for this discipline. If you have extremely high analytical ability, a love for playing with numbers and balance sheets, then a career in Finance is tailor-made for you.

What do you study in MBA-Finance?

Under this specialization, you will study subjects like Costing, Budgeting, International Finance, Corporate Finance, Working Capital Management, Securities and Investments etc.  Once you master these subjects you will be all set to work in the financial department of any company.

How to pursue MBA in Finance?

You should have done graduation in any stream. You would be required to appear for any general MBA entrance examination like CAT, MAT, CMAT, IIFT, XAT, NMAT etc. If you get a good score, you can apply for admission in the top management colleges of the country. Some of the MBA colleges in India offering this specialization include IIM (Ahmadabad, Bangalore, Calcutta and Lucknow), S. P Jain Institute of Management & Research, Mumbai, and Symbiosis Centre for Management and Human Resource Development, Pune, XLRI School of Business and Human Resources, Jamshedpur, Indian Institute of Foreign Trade (IIFT), Delhi, SVKM's Narsee Monjee Institute of Management Studies, Mumbai etc. Also, there are many colleges in abroad that offer MBA in Finance. 

What are the career options after pursuing MBA in Finance?

There are plenty of options for you once you obtain your MBA in Finance degree. You can become a Financial Manager or Financial Analyst, Accounting Manager, Corporate Controller, Chief Financial Officer, Treasurer and Finance Officer, Cash Manager, Risk and Insurance Manager, Management Consultant, Investment Banker, Investment Banking Associate, Investment Sales Associate and Trader, Credit Managers and Specialist etc.

What are the growth prospects after pursuing MBA in Finance?
The scope of finance management is massive. Hence, the number of opportunities in this field is endless. In addition to high pay package, finance jobs are exciting and offer tremendous satisfaction. There are plenty of opportunities to climb up the ladder and growth prospects are immense in the area of finance. After graduating, you can work with banks, financial consultancies and financial institutions.  Once you have enough experience, you can work with the government and contribute significantly to policy-making issues. You also have the option of providing consultancy services to corporate and government organizations.

What is the pay package after doing MBA in Finance?

Your pay package mainly depends on the kind of business school you graduate from. Finance MBA degree holders have traditionally been known to get the creamiest placement offers from the top companies of the country. Tier-1 colleges like the IIMs see students get placed with offers hovering around Rs 10-15 lakh an year. Those who work as financial analysts start off with a minimum package of Rs 4 lakh an year. Credit analysts start at Rs 5-6 lakh per annum and earn as much as Rs 20-30 lakh per annum once they reach senior level positions. Management consultants too start at Rs 5-8 lakh and within a few years earn as much as Rs 10-15 lakh per annum.

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