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Do you want to further your learning after graduation? An MBA specialisation in Finance might be the right option for you.
How is a general MBA different from a Finance specialisation? Which is better?
In India, Master of Business Administration is famous as a postgraduate course. Most students apply for an MBA degree right after their graduation. Some students prefer to gain some work experience first.
Whatever the case may be. One thing is sure. Your salary and skillset will improve after an MBA.
General MBA:
An MBA in General Management(GM) broadly explores essential management skills. These skills include critical thinking, business management, leadership, etc.
In the first year, students focus on management overall. They get to choose an elective in their second year. Still, the chosen elective will not have an individual focus.
Specialised MBA in Finance:
A Specialised MBA is the best fit for the finance sector. These courses are shorter. Graduates with specialisation are usually chosen over those with a general MBA. However, it may be difficult to change fields. This is because the course focuses the most on finance.
This course is for you, if:
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finance is your passion
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you have a strong mathematics and accounting background
Almost all top MBA institutes in India offer MBA in Finance. Applicants could be from any industry. The average college fee for MBA in Finance is INR 7-10 lakh. The course teaches about money resources and investments. You learn to analyse company reports, forecast business trends, maximise profitability, and minimise financial risks.
Take your career to the next level. An MBA in Finance opens up various job opportunities. Even globally. You can work in both banking and non-banking sectors. Every organisation needs finance professionals. Anyone with an MBA in finance can also run their own business.
The avg. salary for MBA Finance graduates is INR 7,30,000 per annum. It can go up to 22L.
Here are a few popular job profiles in the finance occupation:
Corporate Finance
Corporate finance deals with a corporation's capital structure. This includes its funding and the actions that management takes to increase the company's value. Corporate finance also includes the tools and analysis utilised to prioritise and distribute financial resources.
Corporate Banking
Corporate banking involves a range of banking services offered only to corporates. The services include acquisitions, capital markets, mergers, etc.
Credit Risk Management
Credit Risk Management is reducing credit risk. This is done by forming and following policies and procedures. It also involves overseeing performance reports.
Asset Management
This refers to developing, operating, maintaining, and selling assets. AMs evaluate assets and report to stakeholders.
Hedge Fund Management
Hedge Fund Managers assist in hedge fund investments. These include investment objectives, fee structures and liquidity provisions.
Private Equity
A Private Equity Associate finds investors. They also assist with investments. Additionally, they help existing bank customers.
Treasury
Treasury includes observing corporate liquidity. They also take care of risk management and company investments.
Derivatives Structuring
This involves derivative trading and modelling. DSAs also take care of structuring related issues.
Does this seem hard? Don't worry. It's not impossible. You will pass. Make sure to study well. Before you opt for a specialisation, check if it is a good fit. Glow & Lovely Careers (formally known as Fair & Lovely Career Foundation) offers free Career Guidance.
You can also opt for their online courses. This will give you a headstart before college. Trust yourself. Best of luck!