MBA Finance Admission 2022: A two-year postgraduate programme called the MBA (Finance) is designed to meet the demands of the sector and is thorough and integrative in structure. India’s financial industry is going through a paradigm transition and needs competent individuals. Students will gain knowledge on how to evaluate corporate reports, predict economic trends, optimize share price, select investment strategies, and strike a balance between risk and revenue in this course. They are also instructed on how to use financial risk management concepts. Students will become more knowledgeable about issues including corporate finance, international finance, and financial management as a result of the curriculum.
The program’s major goal is to help the students comprehend the nuances of this industry’s fierce competitiveness and heavy reliance on technology. The curriculum fosters intercultural and social teaming skills while fostering analytical, evaluative, and implementation skills for those skills in the finance industry. The purpose is to give education through consultation, investigation, and study pertaining to Operations, Products, Instruments, Processes, etc., and to expose students to the technology-assisted management of transactions.
What kind of students should opt for MBA (Finance)?
Students who are willing to show interest in financial, analytical, and mathematical abilities as well as accounting knowledge, the curriculum is designed for students who naturally comprehend financial management fundamentals, are numerate, presentable, and enthusiastic about strategic thinking. It is for students who are looking for a career working closely with consumers, investors, and users in the financial industry financial planning professionals are expected to do research, plan, and oversee activities.
Benefits of Earning a Degree in MBA (Finance)
For leadership roles, several organizations prefer to recruit people with an MBA. This is due to the fact that an MBA is indeed regarded as the premier corporate leadership degree. Getting chief executive positions is more likely with an MBA. Graduate degrees are frequently used to fill additional responsibilities.
- Better Salary: Whether or not anyone would agree with this statement, it is a truth that the main driver of incentive for individuals to work is money. Students who get an MBA in finance have a strong chance of finding a lucrative career after graduation. Students don’t need to stress about obtaining job because huge corporations prefer graduates and the pay for these careers in finance is frequently high.
- Helps in Building Connections: The MBA in finance is a professional degree that allows the majority of students to start working straight away and gives them access to a large network of people who work for different organizations. These people can be useful for finding lucrative employment and building new relationships. Students who pursue an MBA in finance have the chance to start their careers earlier, providing them additional chances to expand their networks and meet individuals in the financial business.
- Development of Skills: In addition to providing students with a mastery of financial processes, management, concepts, and the company, the MBA in finance gives them a mix of knowledge and skills which may enable students to survive and prosper in any area. The instruction covers a wide range of specialized topics, such as mathematics, intellect, communication, awareness, negotiation, and persuasion.
- In Accordance with Market’s Necessity: Postgraduates have a wide range of opportunities open to them in the current job market. The expansion of start-ups and businesses has caused a substantial revolution in the corporate sector. Talent, ability, and enough financial skills are preferred in these new firms. Students with MBA in finance degrees can find suitable employment in the labor market, where they can start at the entry-level and work their way up to the top level by gaining the necessary core skills and work experience. Students who choose a MBA in finance will get the skills and information required to work in an area that is constantly in demand; regardless of industry, all firms need financial experts to manage their money.
Admission Process for MBA (Finance)
Interested candidates can go through the official websites of their desired universities to register themselves into the programme via the online application form provided by the respected authority. Candidates will have to register them by making an account on the official website of their desired university and then log into it. After successfully logging in to the website, students will be able to access the application form to apply for MBA (Finance) programme. It is possible that most of the universities will require a fee to be paid in order for the candidates to submit the application form.
Eligibility Criteria for MBA (Finance)
The generalized eligibility criteria to get into the MBA (Finance) program:
- Candidates must have a 10+2 certificate from a recognized authority.
- As MBA is a postgraduate degree, candidates must have a bachelor’s degree in any disciple with at least 50% marks as minimum percentage.
- Candidates who have successfully cleared entrance exams such as CAT, MAT, XAT, CMAT, SNAP, etc. are also eligible for admissions and are usually given preference in MBA programs.
Top Entrance Exams for MBA (Finance)
There are a lot of options of entrance exams that are available for candidates who want to enroll in MBA (Finance) program and here is the list of the top entrance exams:
- Common Admission Test (CAT) – In India, the CAT is the most well-known and desired MBA admission test. This examination is given each year to those applying to 20 Indian Institutes of Management’s flagship business management programmes (IIMs). Furthermore, more than 100 business schools accept CAT exam results to speed up the admissions process for MBA and PGDM programmes. The CAT test is administered via a computerized system. The commencement of the registration process for CAT examination happens in August and the test is conducted in November.
- Xavier Aptitude Test (XAT) – The XAT is sometimes regarded as the doorway to Xavier’s league and is the second-most well-known and most challenging MBA admission test in India. The Xavier Labor Relations Institute (XLRI), Jamshedpur, conducts the Xavier’s Aptitude Test on account of the Xavier Association of Management Institutes (XAMI). In addition to this, more than 150 B-schools choose applicants for admission to MBA and PGDM programmes based on their performance on the XAT test. About 1 lakh candidates take the XAT exam in January of each year. The XAT test started being administered online since 2019. Traditionally, the XAT exam registration procedure begins in August, and the examination is held in January.
- Graduate Management Aptitude Test (GMAT) – The GMAT examination is regarded as the best MBA admission test for applicants who want to pursue their MBA overseas. GMAC, or the Graduate Management Admission Council, is a charitable organization that administers the GMAT. The examination has begun to gain widespread acceptability in several of the leading business institutes in India during the last 10 years. The GMAT examination is offered all year round at close to 34 testing locations in India. An MBA candidate may take the GMAT five times in a calendar year. The validation of GMAT score of applicants is up to 5 years and during these 5 years, it can be used to get admissions to leading business management schools in India.
- Management Aptitude Test (MAT) – Four times a year, the MAT MBA admission test is administered at the national level. MAT is authorized by the All India Management Association. The MAT test is traditionally administered in the period of February, May, September, and December. Candidates have a choice to attempt the entrance test either in computerized mode or in physical mode. It is a fact that approximately 20000 candidates attempt the MAT test each session. The MAT score is acceptable by more than 300 business institutes in India.
- Common Management Admission Test (CMAT) – CMAT entrance exam is held to select candidates for management programmes and it is a national level entrance test. Till the year 2018, All India Council of Technical Education used to take the responsibility for the conduction of CMAT entrance examination but according to the new code of conduct, since 2019, National Test Agency holds the responsibility of conducting the CMAT entrance examination. The application procedure for CMAT entrance exam begins in November every year and the test is conducted in January every year.
MBA (Finance) Distance Education
MBA (Finance) distance education is a two-year post-graduate degree that consists of four semesters and is focused on the administration of accounts of businesses in order to achieve certain financial goals. Students who study for an MBA in finance distance education gain throughout understanding of trading, wealth management, security management, budgeting, etc. Candidates looking for a way to advance their professional careers, improve their business expertise and management skills, and increase their awareness without jeopardizing their job should consider the MBA (Finance) distance education as their next step.
Advantages of Pursuing MBA in Finance through Distance Learning:
- Candidates may pursue both their employment and the MBA course at the same time with the 2-year MBA finance distance learning program. It is a program that has no bearing on their present line of work and solely serves to improve their abilities and professional prospects.
- The cost of an MBA finance distance programme is lower than that of an ordinary MBA programme. The distance learning course’s pricing structure is kept the same while being substantially more expensive since it makes it easier for students to pay without having to worry about their money.
- Distance learning allows for on-the-go education (anytime and anywhere). Distance learning benefits the candidates since it allows them more time and financial flexibility if they’re an employed individual or running their own business.
Leading Colleges/Universities for MBA (Finance) Distance Education
|Jaipur National University
Job Opportunities after MBA (Finance)
There are numerous employment options if students pursue an MBA in finance because this program permits you to work for many of the major MNCs and other public or private businesses. To name a few companies:
- Boston Consulting Group (BCG)
- Lehman Brothers
- JP Morgan, etc.
- Business Analyst
- Corporate Control, etc.