In India, there are a number of leading MBA institutes where an MBA in Finance is offered as an elective or specialization program in the second year of the degree course. During the course period, students will gain great exposure to accounting and mathematics.
Being a professional degree course, students must qualify a state or national-level entrance examination, apart from securing a minimum of 50% aggregate marks from a recognized institute or university. If you’re also willing to pursue an MBA in Finance and want to get exposure to its relevant information, you’ve come to the right place. Let’s dig into the course duration, entrance exam, syllabus, career options, top recruiters, and other details!
|Course Name||MBA Finance|
|Program Level||Postgraduate level|
|Course Fees Structure||INR 1.5 – INR 2.9 (in lakh)|
|Course Mode||Full Time, Part-time, Distance learning, Online|
|Top Role||Finance Manager, Financial Analyst, Credit Risk Manager, etc.|
|Salary||INR 6.33 Lakh (average)|
|Employment Area||Banking, Financial, and Insurance sector|
Pursuing an MBA Finance will benefit those students who have a keen interest in the field of finance. An expert report even states that the finance and banking sector will bring ample opportunities for more than 8 million people in the coming years. By pursuing an MBA Finance, students will not only get wide exposure to the best career opportunities but also get handsome salary packages.
Here are some notable advantages of MBA Finance that you should know:
Anyone can enroll for an MBA in Finance, however, given below are the major criteria that gauge who can apply for the program for your orientation.
|Types of MBA Finance||Eligibility||Duration|
|Full-Time MBA Finance||A bachelor’s degree and a valid CAT, ATMA, or other MBA exam score (work experience optional)||2 years|
Part-Time MBA Finance
|50% marks in graduation with 2-3 years of professional experience students admission is based on profile. GD/PI , Performance||2-3 years|
Distance MBA Finance
|50% score in any bachelor’s degree, with a reliable CAT/MAT/GATE or other MBA exam score. (Some Business Colleges choose students on merit basis.)||2 years|
|MBA Finance Online||Students must have 50% marks (45% for reserved category) in bachelor’s degree in any discipline||2-4 years|
|Name of College||Fees (in INR)|
|SIMSREE Mumbai||1,53 Lakh|
|IIF Greater Noida||4,50 Lakh|
|K J Somaiya Institute of Management, Mumbai||2,87 Lakh|
|Name of College||Fees (in INR)|
|University of Mysore|
The curriculum of an MBA in Finance comprises a vast range of vital topics, divided into elective and core subjects. The entire course revolves around investment, management studies, and finance. Some of the essential subjects included in this course are Structure Finance, International Finance, Corporate Finance, and Infrastructure Finance. Here, we have prepared a table that includes the syllabus of both the years.
|MBA in Finance Year 1 Syllabus · Financial Management · Macroeconomics and Business Environment · Macroeconomics · Cost of Capital · Financial Functions · Capital Structure · Introduction to Time, Value, and Money · Cost of Different Sources in Finance · Valuation of Bond and Shares.|
|MBA in Finance Year 2 Syllabus · Portfolio Analysis · Theories of Capital Structure · Money and Capital Markets · Dividend Decisions · Statistics for Business · Risk Analysis in Capital Budgeting · Capital Budgeting · Cash Management · Working Capital Management.|
Similar to MBA General, students have to appear for an entrance examination to take admission to an MBA in Finance. These entrance exams are CAT, XAT, MAT, etc.
The entire admission process for MBA Finance is highlighted in the following section:
To get admission in the MBA Finance course, you have to appear for the entrance examination. However, some institutes offer direct admission based on merit lists. In the case of reputed institutes, admission is granted on the basis of cutoff scores of the entrance examination results. Note that seat availability may vary depending on the institute. Following are the common entrance examinations for admission to MBA in Finance programs:
CAT (Exam Date: 26 Nov 2023)
GMAT (Exam Date: ****)
ATMA (Exam Date: ****)
MAT (Exam Date: 24 September 2023)
XAT (Exam Date: 7 Jan 2024)
NMAT (Exam Date: 10 Oct 2023 – 19 Dec 2023)
SNAP (Exam Date: 10 Dec 2023- 22 Dec 2023)
There are several institutes offering MBA in Finance, including the sought-after IIM. Check out the tabulated private and public institutes and their fee structure to make an informed decision.
|College/ Institute Name||Average Course Fees (INR)|
|Goa Institute of Management||15-19 Lakh|
|NMIMS (Mumbai)||20-23 Lakh|
|Parul University||1-3 Lakh|
|New Delhi Institute of Management||10-12 Lakh|
|IIM Calcutta||20-23 Lakh|
|Jamia Millia Islamia, Delhi||45,000 to 47,000|
|IIM, Lucknow||12-13 Lakh|
|IIT, Roorkee||10-12 Lakh|
|LPU, Jalandhar||7-10 Lakh|
|Woxsen University, Hyderabad||10-12 Lakh|
|College/ Institute Name||Fees (INR)|
|IMT, Ghaziabad||Check Fees|
|Amity University, Noida||Check Fees|
|Delhi School of Business, VIPS Technical Campus||Check Fees|
|G D Goenka University||Check Fees|
|Fore School of Management||Check Fees|
|Amity Business School||Check Fees|
|IMS, Ghaziabad||Check Fees|
|JGBS, Sonepat||Check Fees|
|LBSIM, New Delhi||Check Fees|
|USMS IPU, New Delhi||Check Fees|
There are several Private Colleges offering MBA in Finance, Check out their fee structure to make an informed decision.
Name of College
Fees (in INR)
|NMIMS, Mumbai||23.9 Lakh|
|SIBM, Pune||23.9 Lakh|
|Goa Institute of Management, Goa||18.3 Lakh|
|New Delhi Institute of Management, Delhi||10.6 Lakh|
|Woxsen University, Hyderabad||12.2 Lakh|
|Parul University, Vadodara||1.4 – 3 Lakh|
|Management Development Institute, Gurgaon||18 Lakh|
|LPU, Jalandhar||7.6 – 9.6 Lakh|
|Great Lakes Institute of Management, Chennai||9 – 11 Lakh|
There are several IMM Institutes offering MBA in Finance, Check out their fee structure to make an informed decision.
|College/ Institute Name||Fees (INR)|
|IIM Lucknow||19 Lakhs|
|IIM Bangalore||23 Lakhs|
|IIM Calcutta||23 Lakhs|
|IIM Indore||19 Lakhs|
|IIM Rohtak||15 Lakhs|
|IIM Ranchi||15.3 Lakhs|
|IIM Nagpur||15 Lakhs|
|IIM Sirmaur||13 Lakhs|
|IIM Jammu||14 Lakhs|
|IIM Bodh Gaya||Check Fees|
With successful completion of the course, MBA Finance graduates may move towards ample opportunities in the BFSI (Banking, Financial Services and Insurance) sector. Additionally, you can go for further studies in insurance financial planning, corporate finance, accounting, banking, portfolio management, financial investments, taxation and planning, international finance, hedge fund management, or insurance management.
There is a lot of scope for graduates with an MBA in Finance degree. Based on skills, performance in internships, and experience, a graduate can achieve key designations in leading companies. Following are the highest positions for which MBA Finance degree holders can ultimately apply:
For MBA Finance freshers, the average salary package can range between Rs 2,500,00 to Rs 7,50,000/annum. The salary package will be higher if you have 1 to 2 years of experience as well as relevant skills.
On clearing an MBA in Finance, one can work in government agencies, NGOs, educational institutions, consumer goods organizations, and other sectors. Depending on the type of MBA course you are pursuing and the institute from which you graduated, recruiters differ. Here, check out the list of some of the leading companies or recruiters that hire a large number of candidates with MBA Finance degrees annually.
A: Yes! For this course, students with a good understanding of Maths have a bonus point because it contains some topics of Economics, Accounting, and Taxation.
A: Yes! Well, this would be a smart move to gain a foothold in the industry. With this career option, you are allowed to apply for job roles at managerial and consultant levels.
A: Of course yes! This degree course opens a door to lucrative opportunities in the financial field particularly. Following are some of the aspects which clearly show the scope of an MBA in Finance: