MBA in Financial Management: Course, Fees, Admissions, Colleges

Master of Business Administration is undoubtedly one of the most preferred degrees in the world. It comes in various specialisations, readying students in a particular niche of the business world. MBA in Financial Management is one such postgraduate degree specialisation course. As the name suggests, the course programme focuses on the management of the financial accounting of a business, helping the company achieve their financial goals. The study of budgeting, analytics, financial monitoring, assets management, etc is involved in MBA in financial management. There’s huge scope and greater levels of return on investment (ROI) for this course, which students can utilise to gain a lateral jump in their careers. Interested to know more about MBA in financial management? Continue reading! 

Name of the course	Master of Business Administration in Financial Management
Short form	MBA in FM
Course Level	Postgraduate (Master)
Field of study	Management
Duration of course	2 years
Bare minimum eligibility criteria	At least an aggregate of 50% marks in bachelor’s from a recognised university.
Average initial salary	Upto INR 20 lakh
Jobs	Financial manager, financial advisor, asset manager, financial planner, etc
Recruiters	McKinsey, Bain & CO, Boston Consulting Group, Goldman Sachs, JP Morgan

Why Study MBA in Financial Management?

There are various reasons why an MBA in financial management is a promising degree choice for students. Read below. 

1. Studying MBA in financial management helps students to boost their career prospects from the start. 
2. Students with skills gained from this course can also work in international organisations. 
3. The learning opportunities are endless with an MBA degree in financial management. You can also run your own business with the help of this degree. 
4. An MBA also helps you gain personal development, sharing insights on how to stand out in the sea of many. 
5. There are highly attractive lucrative salary packages available after the completion of an MBA in financial management. 

Also Read: Know Everything about MBA!

Eligibility Criteria 

MBA in financial management can be pursued from India and abroad. The eligibility criteria for both options are mentioned below.

India 

1. Students are required to score a minimum of 50% in their bachelor’s degree from a recognised university. 
2. Students in India can be eligible for pursuing MBA through accepted entrance exams such as CAT, CMAT, MAT, and SNAP. 

Abroad 

1. Students are required to score a minimum of 50% in their bachelor’s degree from a recognised university. 
2. Students must take the GMAT or GRE examination, as specified by the university, and achieve an admissible score. 
3. Students must have 3 years of valid work experience.
4. Students must be able to demonstrate their English language proficiency through IELTS, TOEFL, etc. 

Ace your English Proficiency Tests with Leverage Live!

Top Global Universities for MBA in Financial Management 

If you are aiming for MBA in financial management, the below business schools are some of the most promising ones for this course. 

Name of Business School	QS MBA by Career Specialisation Rankings 2023: Finance
The Wharton School, University of Pennsylvania, United States	1
Harvard Business School, United States	2
Stanford Graduate School of Business, USA	3
Columbia Business School, Columbia University, United States	4
Stern School of Business, New York University (NYU), United States	5
Chicago (Booth)	6
Saïd Business School, the University of Oxford	7
The Kellogg School of Management, Northwestern University, United States	8
Cornell SC Johnson College of Business, Cornell University	9
Michigan Ross School of Business, USA	10

Application Process

The application process for MBA in financial management depends on the university you are applying for. For the same, follow the sectional steps below. 

1. Start with research. Work on deciding the university that meets your preferences and comes under your budget the most. 
2. Check all the details associated with the degree and the university, including the course fee, the duration, the eligibility criteria, particular specifications, the timeline of the application process, the deadlines, and more. 
3. Moving forward, cross-check whether the universities require entrance examination results or are only merit-based. 
4. Collect all the documents that are required for admission and get ready to fill out the application form. 
5. In most universities, you also have to submit a statement of purpose/a motivation form; letters of recommendation; an MBA Application Essay; and English language proficiency scores. 
6. GMAT and GRE scores along with your CV are also a requirement for application.
7. Finally, submit your application form and application fee to finalize your application process. 
8. Await results. 
9. If you receive a conditional offer letter, follow the instructions mentioned by the university to finalize your entry. 

Documents Required 

The basic documents required for applying for an applied psychology degree abroad are listed below. 

• Official academic transcripts
• Scanned copy of the passport
• CV/ Resume
• Letter of Recommendation
• English language proficiency test scores

Also Read: MBA in USA

Top Colleges for MBA in Finance Management in India 

Coming to some of the top colleges for this course program, the list below proves to be the most promising. 

Name of College	Location
IIM Ahmedabad	Gujarat
IIM Kozhikode	Kerala
BIM Trichy	Tamil Nadu
Pune Institute of Business Management (PIBM)	Pune
DSM ISM Dhanbad	Jharkhand
Aligarh Muslim University	Uttar Pradesh
Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development	Pune
UPES, University of Dehradun	Uttarakhand
Dayalbagh Educational Institute	Agra, Uttar Pradesh
JC Bose University of Science and Technology, Faridabad	Haryana

Syllabus for MBA in Finance Management

Having covered the most basic and essential details of pursuing this course, let us get to know some of the course particulars in terms of the syllabus of the MBA in financial management.

Year I

Management Theory and PracticeOrganizational Behaviour Marketing ManagementFinancial ManagementAccountancy for Managers Managerial Economics Statistics for ManagersHuman Resource ManagementOperations ManagementResearch Methods for Business

Year II

Operations Research EntrepreneurshipStrategic Management Financial Analysis and ReportingInternational Financial ManagementStrategic Cost ManagementSecurity Analysis and Portfolio ManagementManagement Information SystemsFinancial Markets, Treasury & Risk ManagementFinal Project Report

Skills Required

Possessing the below-mentioned skills can help you ace this field. 

1. Quantitative skills
2. Analytical Skills 
3. Data Interpretation skills 
4. Critical thinking skills 
5. Leadership skills 
6. Team management skills 
7. Multitasking skills 

Career Scope 

Coming to the most important aspect of the future upon graduation, we expand on the career scope of the course below, through its available jobs and salary. 

Jobs and Salary 

Jobs	Average Salary
Investment Banking Associate	INR 9.5 lakh
Financial Analyst	INR 5 lakh
Finance Manager	INR 13 lakh
Credit Risk Manager	INR 10 lakh
Portfolio Manager	INR 7.5 lakh
Accounting Manager	INR 3 lakh to INR 15 lakh

Top Recruiters 

The top companies in this field who can recruit you are as follows

1. Morgan Stanley
2. KPMG
3. JP Morgan Chase
4. Goldman Sachs
5. Amazon
6. McKinsey
7. Barclays
8. Deloitte
9. Wipro
10. Microsoft 

FAQs

That was all about MBA in Financial Management. For more related information, stay tuned to Leverage Edu. And to apply to this field to study abroad, you can contact Leverage Edu experts and counselors at 1800572000 to book a free consultation today!