A Masters in Business Administration (MBA) with a specialization in Finance can be as fascinating as it can be challenging. The course teaches the technicalities of the subject along with providing the students with some real time experiences in relevant areas. Finance professionals need to be aware of a lot of guidelines, regulations and statutes within which the world of finance work. The finance program of an MBA is one discipline which has been continuously evolving. Due to changes in laws of the land, in the way people and corporations do business and most importantly, the changes in the world's economy, finance programs are constantly being upgraded accordingly. Along with the course material, the program upgrades gets extended to related ways of learning such as research, conferences, on the job training as well. With so much revision in all round curriculum, unlike many other disciplines, it is not surprising that the theory learned in class is very relevant for the real world scenarios.
Learnings from an MBA in Finance
Broadly stated, at the end of a successful MBA finance program, a student should be well versed in the concepts related to the field: capital markets, stocks and derivatives, assets, liabilities, bonds, accounts, investments, cash flows, risk management, mergers and acquisition, business valuation, capital budgeting, pricing of bonds, term structure of interest rates, cost of capital, hedge funds and much more. Also, the necessary in-depth knowledge for finance professionals is gained through practical exposure by way of mid-term internships that the students are required to undertake in order to successfully complete the program. Conferences, seminars and workshops with senior industry professionals provide the much required first hand understanding of concepts.
A typical MBA course with finance specialization covers the above mentioned topics in the following subjects: Financial economics, accounting for managers, business laws, working capital management, financial markets and services etc.
Dr. Ashish Tripathi, who teaches MBA (Finance) at the Glocal School of Business, Glocal University, explains the major job domains that are open to MBA Finance graduates:
"A typical MBA program gives a broad overview of all these mentioned future job domains as well as the theory behind them in the 1st year. In the 2nd year, students can choose their electives from any of these, depending on their interests. What sets apart the MBA (Finance) program at Glocal University is that we also focus on regulations. Finance companies don't work in a vacuum. They need to operate within a regulatory framework. Students here are exposed to these rules and regulations which equip them well to face the real world of finance," explains Dr. Tripathi who holds a mechanical engineering degree from IIT Roorkee and an MBA (Finance) degree from Jamnalal Bajaj Institute of Management Studies (Mumbai.)
A successful MBA in finance, along with educating its students about the field, also builds up their personality. It nurtures their inquisitive nature, makes them determined and patient, and disciplines their minds thereby making them more focused around their work.
Now, more than ever, corporations around the world have realized the importance of having an MBA graduate with a specialization in finance on board. Well-known Indian and multi-national banks as well as large and mid-sized firms lure MBA Finance graduates. Examples of companies visiting business schools are: ICICI bank, Axis bank, Yes bank, IDBI, HDFC bank, Unilever, Nestle etc.
Some of the job profiles that an MBA specialization in Finance presents are:
• Credit analyst
• Investment banker
• Financial analyst
• Financial planner
• Financial advisor
• Treasury Manager
• Risk analyst
Many of these finance professionals go on to become chief financial officers (CFOs) of large organizations, and even start their own ventures. International organizations such as the World Bank and the International Monetary Fund (IMF) are some of the dream destinations for finance professionals.
A look at the earnings of these professionals in India would inspire many to pursue this field. According to payscale.com, their salary ranges from Rs 2 lakh per annum (for less than 1 yr of experience) to more than Rs 2 crore per annum ( for 19-20 years of experience).
As we all know, the economy almost always drives our spending decisions. Whether small or big, spending depends upon calculated risks and returns. MBA finance graduates have the onus on themselves as to how, staying within the limits of ever-changing economy, create wealth for investors and increase the returns on investments.
MBA finance graduates, working in different areas of the discipline are also the best people to suggest new rules and guidelines for the finance world. With their rich experiences, these are the people who are looked upon by the policy makers to make the world economy more predictable, stable and beneficial for the society at large.
Finance is the most crucial element of a business. Wise financial decisions make all the difference to a business's viability, thereby making MBA in Finance the best choice for someone who wants to make a mark in this field.
Media Contact Details
Pramesh Srivastava, Glocal University, ,+91-9760517771 , [email protected]