Hello MBA Aspirants, Today in this Blog we are going to know ALL about MBA IN FINANCE. FINANCE Is very important for any company Because it directly takes care of cash flow and financing stability of the company. So let’s see the detailed of MBA in Finance and all other aspects-
Topics To Covered In This This Blog Are-
- What is Finance, and why it is important?
- Skills Required
- Career and Job Profile
- Top Business Schools in Finance
- Some Insights
What is Finance, and why it is important?
As we all know that MBA IN FINANCE. Finance is a very important aspect for a company to run smoothly. Why finance is so important?
This is because the word itself “finance” meaning is to manage money or funds.
So, in a company, there was lots of money involved and also the money comes from different directions, which include investors, shareholders, profit of the company and so on. if you see there was lots of money involved.
There should also be someone who manages all these things quite easily. due to this MBA in finance comes in picture.
An MBA guy who is doing their MBA in the finance domain has much more experience from a graduate finance guy, that’s why the company also wants someone who has experience and knowledge both at the same place.
And one more thing which makes this domain lucrative because of their placement’s packages.
In fact, if you see in most of the MBA colleges, the students in finance is getting a bigger package than any other domain.
But also, As per my opinion, please join this domain if you are good at numbers and number crunching.
Otherwise, it is very difficult to move further in your career, don’t always focus on placements package, because at the end of the day everyone getting a package, after few years if you are not good at finance, then there is no back up to change the domain then you are stuck and unhappy for the rest of the life.
so choose the stream wisely as per your strength and interest.
Subjects For MBA In Finance
So, after knowing a lot of knowledge regarding finance and its importance.
It’s very important to know which are the subjects,
You studied in your 2 years of MBA, so let’s start–
1st year MBA in FINANCE subjects
|Organizational behavior||Management science|
|Quantitative methods of managerial economics||Economic environment of business finance|
|Financial accounting||Management accounting|
|Marketing Management||Production & operation management|
|H R management||Marketing research|
|I T Management Organizational||Management of information system|
|Effectiveness and change|
2nd year MBA in finance subjects
|Quantitative analysis of financial decision||Risk Management|
|Financial Reporting||Management of Financial services|
|Security analysis and investment management||Project planning, analysis, and management|
|Corporate governance||Management control system|
|Portfolio management||Financial derivatives|
|Fixed income securities||Corporate Taxation|
|International financial management|
Here we come to an end of an exhausted subjects list, which you are going to study in your 2 years of MBA in FINANCE.
If you see, these subjects closely, then you find these subjects are closely related to numbers and calculations.
Basically, in these two years you are going to study accounting-related and how to make strategy and all.
So, my suggestion is if you take finance, then do study wisely.
Some of the top recruiters who come to every campus frequently are Goldman Sachs, Morgan Stanley, BCG, JP Morgan, Deutsche Bank, McKinsey, Deloitte, Lehman brothers, etc.
Skills Required FOR MBA FINANCE
If we see close to the financial industry, then we come to know one thing that how skills are important?
We also know that, today how unemployment hit our country so badly. And due to this lots of students don’t have enough jobs to sustain.
As of my point of view, the main reason is that both students and our honorable government don’t focus on skills, they all are trying to give a degree from any college.
But when they come out of college, they come to know the reality, how the market works.
After understanding the whole scenario, students have no options to look, and this scenario helps to grow unemployment every year.
So, it’s my humble request to whoever reads this blog, try to learn new skills every time, whether you are in an MBA or any degree.
Because that one thing, that helps is skills only skills.
So, now I want to share some of the skills which are required in the finance sector are-
Basic knowledge in Accounting-
As we that the whole finance industry directly or indirectly related to accounting funds and also related to this stuff.
So, it is a very good thing if you know some knowledge in accounting, before coming to the MBA. it also helps an edge over others in the time of placements.
Because every company wants an employee who definitely adds some value to the company.
So if you know some extra skills, it totally beneficial to you.
Look, it is the skills which I think is very necessary in any stream or any field. as per finance perspective.
We all know that India is a growing economy, so every time the standard of working is changed drastically. Today it is a myth that finance people work in the back end of the company, but this is totally wrong.
Today these peoples are also come forward and deal with customers as well as owners of the company like at the time of bargaining and all.
So that your good relation to the customer is very important.
Which helps the company to look trustworthy in the market.
This skill sometime peoples thinks that it all related to mathematics.
But it is not like that.
Analytical means how to analyses things, whether data is in the bar graph, line graph or etc.
You have to well familiar with the given data and try to know the unknown thing from that.
So this skill also comes with experience as well as practice.
Basic Knowledge of IT Software’s-
Today we all are also aware of one thing is that.
How Indian slowly and steadily going digital in every aspect of life.
This also shows the company also going forward. and today also they do a lot of work.
With the help of software, for better accuracy and speed.
This all shows that if you are targeting to come in finance,
Then definitely knowing some finance-related software is a great idea in this field.
Which helps in getting an edge from others.
It is a skill which is very common in recent times.
Sometimes it also shown that many people try to do a particular task in their own manner.
But they have to understand that this work is not a personal work, it is given by the company.
So everyone opinion is a must. so, in this situation, teamwork skills come, so that everyone can share their thoughts smoothly and done their work on time.
So here I try to give you some of the basic skills which are required anyone
Who is planning to do their MBA in finance ever.
Also, there are lots of different skills are there,
But I try to give skills which are most important and your given work is done smoothly.
Career And Job Profile FOR MBA FINANCE
If you are looking for your career in finance.
Then I tell you that, your journey is beautiful with small ups and downs.
Lots of adventurous and joyful works given to you as per your profile. but I also want to tell you an honest thing, which is that.
We all know everyone is not 100% perfect,
Due to which some of them join some good top-level B schools.
Some of them come to land in an average one.
So due to this the profile which is given in placements are different and
Your salary also varies person to person.
And due to all this, I tell you that lot of people who are come from average b schools ,
Lands to accounting and lower management jobs.
But it also true that you guys also getting top of the ladder after 2-3 years of experience,
So you have only enjoyed and struggle with these 3 years and after that, your life is sorted.
Let’s see some of the profiles given in the B schools during placements-
After everything we know about finance,
I think everyone definitely wants to know the colleges, which they target to getting a top placement as well as profile.
Top Business Schools in Finance
Here I also tell you a disclaimer, no colleges are bad,
The students of those colleges made the college good or bad in terms of their placement and profile.
So here it’s impossible for me to tell all the colleges,
That’s why I try to give the name of some famous B schools-
IIM A, IIM B, FMS Delhi, s p Jain Mumbai, JBIMS Mumbai, MDI Gurgaon, SIBM Pune, NMIMS Mumbai, IIFT Delhi, IMI Delhi, etc.
So, after knowing all these colleges I tell you that salary also differs for different B schools and also packages,
Here I want to give you quick tips like the packages are not fixed, it always differs and
Starts somewhere around 5-6 lakhs avg for B schools and up to 20-25 lakhs avg for top B colleges.
So here we come to an end, and I hope you all are enjoying & gaining a lot of knowledge from this blog.
One last thing I want to add is that whether you join a top college or avg,
Always remember that colleges give you a platform, not more than that. You have to always upgrade your skills as per the market dynamics. Because if you see, every 1-2 years, everything changed. so how an aspirant is varying as per the market. you should always along with the market scenario.
The only thing which required in any situation is smartness and also mindset, and also hard work.
so remember one thing any circumstances, you are given by your colleges just take it, and start putting efforts.
After coming to the industry works on you and your skills, so that after 2-3 years, your life is changed.
And at the same time, your salary also be increased, and we also come to the level of a person who comes from top b schools.
Always remember to do hard work with your own and wait for the right time, when God gives you fruitful results.
So, at last Best of luck for your journey, and thank you to give your valuable time to read this blog.
MBA Finance Courses cover basic macro and micro economic courses with specific business administration, accounting and finance courses to give students a comprehensive overview of the corporate business world.
Some of the sectors where MBA graduates are being paid the most include finance, consultancy, energy units, healthcare, manufacturing, technology management, and government sector.
These consist of the core and elective courses. Core courses consist of introductory-level courses that are required as compulsory to take up the electives. Electives are specialized courses relating to the chosen area of specialization.
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