Top MBA Finance Colleges in India
Finance is the most popular specialization within MBA (Master of Business administration). MBA in Finance helps to enhance knowledge about financial skills, business ideas, and economy of the country. You can get opportunities in different sectors of the financial markets. It offers a roadmap to get a better position and higher salaries in the future. Finance Management is related to planning and controlling the financial activities of an industry. The top MBA Finance Colleges in India include Indian Institute of Management, Ahmedabad, IIM Calcutta, IIM Bangalore etc.
Here are some points for you to get a clear idea about MBA in Finance:
Why MBA Finance?
Finance is a subject which involves management, investment and resources of money as a capital which is required to establish an organization or a company. It needs a lot of planning. The demand for Financial experts has been increasing day by day as the number of business units is increasing tremendously.
A Finance Manager controls the activities related to Financial Management. A Finance Manager is essential to run any industry, company or an organization for proper allocation of finance to all the factors of production. Many MBA programs are offered on a part-time basis, making them accessible for working professionals.
MBA Banking and Finance
MBA in Banking and Finance is designed to impart the necessary knowledge and skills to function efficiently in the challenging environment of the banking sector. This course is geared towards the students who have a keen interest in the banking sector.
Scope of MBA Finance
Nowadays most of the companies facing financial crisis look for expert Finance graduates who can work as either a Finance Manager or a Financial Analyst for resolving the issues related to profits and losses and can take remedial measures to cover up losses. Financial manager has become one of the demanding profiles in the market.
MBA finance has opportunities in both banking and non-banking sectors. If you possess expert knowledge and skill in financial concepts you can also be a part of the stock market and finance industry. Finance students often have access to top-notch internship opportunities while still in school, and they generally command better positions and higher salaries upon graduation.
Admission to MBA
The aspirants who want to get admission in Reputed institutes like IIM have to appear for national level examinations like GMAT (Graduate Management Aptitude Test) and CMAT (Combined Management Aptitude Test). Most of the Private and Government universities conduct their own entrance exams for admission to MBA.
Some of the other national common tests are CAT (Common Aptitude Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test). The admission will be based on merit score.
Salary for MBA finance
An MBA Finance graduate will be getting the best high package jobs if he/she is good at Finance Analysis, Management, and other finance-related skills. The salary package of MBA Finance graduate depends on the organizations and companies they are working for.
The average salary of a financial manager or financial analyst from a reputed university will be ranging from INR 5,00,000 to 12,00,000 per annum. With experience, it can rise up to INR 20,00,000 to 30,00,000 if you are working in an MNC. So, it is apt to say that MBA Finance is one of the best courses in MBA.
List of Top MBA Finance Colleges in India
- Indian Institute of Management, Ahmedabad
- IIM Calcutta
- IIM Bangalore
- Xavier’s Labour Research Institute, Jamshedpur
- SP Jain Institute of Management and Research, Mumbai
- Faculty of Management Studies, New Delhi
- IIM Indore
- Vinod Gupta School of Management, IIT Kharagpur
- Institute for Financial Management and Research, Chennai
- Management Development Institute, Gurgaon (MDI)