Finance is a field where one gets to learn ways of handling finances of a company, their financial services and banking policies. MBA in Finance is a course where students cover up their basics and learn advanced concepts and topics. The course is all about how to handle the finances of the company, investment plans, shares and investment strategy.
Following are the 10 things you need to know about MBA in Finance:
What is the course all about?
The course covers subjects and topics in both finance as well a management. It gives an insight on topics like investment, investment strategy, corporate investment management, small business and corporate finance.
What are the career opportunities?
There are different career opportunities for an MBA Finance graduate in stock market, banking, financial institutions, public and private firms, corporate finance. They can also start their own financial consultancy firm or a CA firm.
Which are the top colleges that offer this course?
Indian Institute of Management is the top college for this course, specially IIM Ahmedabad, Bangalore, Calcutta. Secondly, there is XLRI i.e. Xavier’s Labour Research Institute, Jamshedpur. FMS Delhi, S.P. Jain Mumbai, and JBIMS being among the others.
Companies that recruit, how many are they?
There are various financial service providing companies and banking companies that recruit graduates in their firms. Godman Sachs, HDFC, HSBC, State Bank of India, Morgan Stanley are to name a few.
How many entrance tests are out there for this course?
Entrance tests for MBA are CAT which is accepted in all the colleges, XAT which is for XLRI, SNAP which is for Symbiosis, MAT among others.
How much can you earn after doing this course?
The amount you earn is directly related to the college you come from. Graduates from IIMs are placed with offers between ₹10-15 lakh per year. Financial analysts start off with a minimum package of ₹4 lakhs per year. Credit analysts start at ₹5-6 lakh per annum and earn as much as ₹20-30 lakh per annum once they reach senior level positions. Management consultants too start at ₹5-8 lakh and within a few years earn as much as ₹10-15 lakh per annum.
These are the few things that one needs to know about MBA in finance. These things help you get an overview about the course and profession. They also help you clear your doubts if any about the course.