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Chetna Verma

Updated on 26th July, 2024 , 7 min read

MBA Finance: Course, Fees, Syllabus, Subjects, Admission 2024, Salary

Course

MBA Finance or Master of Business Administration in Finance is a two year postgraduate MBA specialization program that covers specialized knowledge in the finance sector such as finance management, finance accounting and financial services. MBA Finance courses equips students with the skills to get an understanding of the complexities of the financial market. MBA Finance course deals with the study of budgeting, analyzing, organizing and managing finance.

MBA in Finance Syllabus covers topics like international finance, money market & banks, Indian capital, management accounting & control, etc. MBA Finance Admission is done on the following entrance exams CATXATMATSNAPNMATCMAT. Candidates must have completed their graduation in any field from an accredited university with an aggregate of 50% or higher in order to be eligible for the MBA Finance entrance exams.

Some of the popular MBA Finance colleges include IIMs, IIITM, FMS Delhi, IMI New Delhi, IMT Ghaziabad, XLRI and ISB. MBA in Finance can be pursued online as well as offline. The average course fees range between INR 3 Lakh - INR 20 Lakh. After graduating with MBA Finance, Students can opt for different job profiles including Financial Analyst, Financial Manager, Risk Manager, Investment Banker,Financial Advisor, Chief Financial Officer etc. The MBA in Finance salary ranges from INR 4 LPA – INR 10 LPA.

 

Know More About: MBA Vs PGDM

MBA Finance Highlights

Particulars

MBA Finance Course Details

Course Name

MBA Finance

Course Level

Postgraduate

Course Duration

2 years

Eligibility

Graduation

Admission Process

Entrance Exams/ Merit Based

Entrance Exams

CAT, XAT, MAT, CMAT, SNAP, NMAT etc.

Course Fees

INR 3 Lakh - INR 20 Lakh

Average Salary

INR 4 LPA - INR 10 LPA

Job Profiles

Financial Analyst, Financial Manager, Risk Manager, Investment Banker,Financial Advisor, Chief Financial Officer etc.

Top Recruiters

Accenture, EY, KPMG, Deutsche Bank, HCL, Genpact, TATA Consultancy, Standard Chartered, Infosys etc. 

Top Colleges

IMI New Delhi, IMT Ghaziabad, ISB, FMS Delhi, XLRI etc.

Types of MBA Finance

There are different types of MBA Finance courses which the candidates can pursue as per their comfort. To know in detail about all the courses, kindly refer to the table below -

Types of MBA Finance

Duration

Course Fees

Full Time MBA Finance

2 years

INR 5 Lakh - INR 25 Lakh

Part Time MBA Finance

2-3 years

INR 1 Lakh - INR 10 Lakh

Distance MBA Finance

2-5 years

INR 30K - INR 2.5 Lakh

Online MBA Finance

2-4 years

INR 1 Lakh - INR 2 Lakh

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MBA Finance Vs MBA in Banking and Finance

MBA Finance & MBA in Banking and Finance are the two most sought after MBA Specializations in India.

 

Parameters

MBA Finance

MBA in Banking and Finance

Duration

2 years

2 years

Eligibility

Bachelor’s degree in any discipline with 50% marks

BBA/ Bachelor's degree in Banking or an equivalent degree from any recognized university.

Admission Process

Entrance Exams/ Merit Based

Merit basis/ Entrance exams

Course Fee

INR 3 Lakh - INR 20 Lakh

INR 80k -  INR 24 Lakh

Subjects

Portfolio Management, Insurance Management, International Financial Markets

Banking Operations, Financial Accounting, Services Marketing, Legal Aspects of Banking, Investment Banking, Business Communication, Taxation

Average Salary

INR 4 LPA - INR 10 LPA

INR 3 LPA - INR 7 LPA

Job Prospects

Financial Analyst, Financial Manager, Risk Manager, Investment Banker, Financial Advisor, Chief Financial Officer etc.

Investment Banker, Corporate Analyst, Executive Assistant, Marketing Analyst, Accounts Manager, Cashier, Business Analyst, Finance Manager, Equity Research Analyst, Marketing Manager.

Top Recruiters

Accenture, EY, KPMG, Deutsche Bank, HCL, Genpact, TATA Consultancy, Standard Chartered, Infosys etc.

YES Bank, State Bank of India, ICICI, HCL, Bajaj Alliance.

MBA Finance Eligibility

The eligibility requirements for an MBA in Finance is the same as other MBA specializations. The following is the eligibility criteria for MBA Finance course:

  • The candidate who wishes to take an MBA in Finance admission is required to have an undergraduate degree in any relevant field from a recognized university.
  • Candidates must have a minimum aggregate of 50% score.
  • A 5% relaxation is for students from backgrounds that fall under the SC, ST, or PWD categories. 
  • Those who are in the final year of graduation can also apply.
  • Some colleges prefer work experience but it is not necessary. 

MBA Finance Admission 

MBA Finance Admission is done on the basis of national and state level MBA Entrance Exams, and the popular ones are CAT, MAT, XAT, etc. After qualifying entrance exams, students then have to appear for essay writing, group discussion and personal interview to check their aptitude. 

MBA Finance Entrance Exams

For admission to MBA in Finance courses, students are required to take and qualify entrance exams. Some of the most prominent MBA Finance Entrance Exams are CAT, MAT, XAT, CMAT, SNAP, and NMAT. The MBA in Finance entrance exams dates is mentioned below:

 

Exam Name

Exam Date

CAT

November 2024

MAT

September 2024

NMAT

October 2023

CMAT

May 2024

XAT

January 2024

Also Read:

MBA Finance Fees

The MBA Finance course fees are usually around INR 3 Lakhs to INR 20 Lakhs in most colleges and universities. The MBA Finance fees are different for both private and government colleges and the former charges more fees than the latter. MBA in Finance fees may vary based on the University offering the course and also depending on the facilities and infrastructure offered by them. 

MBA Finance Syllabus

MBA Finance course  is one of the top most opted courses and is highly regarded among professionals. The MBA Finance syllabus is given in detail in the section below. 

MBA Finance Syllabus: 1st Year 

Principles of Accounting

Micro Economics

Corporate Social Responsibility

Principles of Marketing Management

Quantitative Methods and Statistics

Tools and Frameworks for Decision Making

Business Communication And Soft Skills

Organizational Behaviour-1

Financial Modeling

Managerial Economics

Marketing Research

Corporate Governance and Business Ethics

Business Intelligence

Supply Chain Management

Strategic Management

Corporate Finance-2

 

MBA Finance Syllabus: 2nd Year 

Business Law

Macro Economics

Operations Management

Corporate Management

Optimization and Project Research

Marketing Management

Project Management

Internship Projects

Project Submissions

Organization Behaviour-2

MBA Finance Subjects

Students interested in pursuing MBA Finance course should look into MBA Finance subjects mentioned below:

MBA Finance Subjects: Core Subjects

MBA Finance Subjects: Elective Subjects

Corporate Taxation 

Fixed Income Securities

Financial Reporting

International Financial Management

Financial Risk Management

Financial Management

Portfolio Management

Commercial Banking

Managerial Accounting

Corporate Taxation

Organizational Behavior

Indian Accounting Standards

Marketing Management

-

MBA Finance Project Topics

The following list includes some of the MBA Finance project topics you could choose to investigate throughout your MBA finance course:

 

Investment analysis of any company

Investment vs Savings: Detailed analysis

Financial planning for an employee and tips on tax savings

Is taxation a factor for selling life insurance?

Study of capital management

Comparison of mutual funds of private and public sectors

Study of the capital model of a company

Study of Indian Banks and their functioning

Planning of income tax in India

Gold monetization scheme

Study of risk perception and portfolio management of equity investors

Study on financing a self-help group

Top Colleges for MBA Finance

MBA Finance is offered by many management colleges in India. Some of the well-known MBA Finance Colleges in India is listed below:

 

College Name

Course Fees

IIM Calcutta

INR 27 Lakhs

IIM Bangalore

INR 24.4 Lakhs

IIM Ahmedabad

INR 24.61 Lakhs

FMS Delhi

INR 2 Lakhs

ISB Hyderabad

INR 38 Lakhs

IIM Lucknow

INR 20.75 Lakhs

XLRI Jamshedpur

INR 28.6 Lakhs

JBIMS Mumbai

INR 6.10 Lakhs

SPJIMR, Mumbai

INR 22 Lakhs

IIM Indore

INR 16 Lakhs

MDI Gurgaon

INR 24 Lakhs

IIM Kozhikode

INR 20 Lakhs

IIFT, Delhi

INR 19.5 Lakhs

NMIMS, Delhi

INR 11.95 Lakhs

SIBM Pune

INR 24.2 Lakhs

 

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Top Government MBA Finance Colleges

Following are some of the top Government MBA in Finance Colleges in India along with their fees structure -

 

Colleges

Fees

Alagappa University, Karaikudi

INR 80,300

Guru Nanak Dev University, Amritsar

INR 2.77 Lakhs

GJU Hisar

INR 2 Lakhs

RMLAU Faizabad

INR 50,900

BBAU Lucknow

INR 1.80 Lakhs

Top Private MBA Finance Colleges

The best private MBA in Finance Colleges in India along with their fees structure is mentioned below -

Colleges

Fees

Amity Business School, Noida

INR 15.56 Lakhs

Pune Institute of Business Management, Pune

INR 7.95 Lakhs

Shoolini University Solan

INR 9 Lakhs

MIT College of Management, Pune

INR 9 Lakhs

Presidency University, Bangalore

INR 4.75 Lakhs

BML Munjal University, Gurgaon

INR 13 Lakhs

MBA Finance Abroad

Here is a list of MBA Finance universities in the world (USA, Canada, Germany, UK, Singapore, Australia):

 

Name of the College

Course Fees

University of Pennsylvania, Wharton

INR 68,15,255

Harvard Business School

INR 61,45,451

University of Toronto

INR 81,63,236

Frankfurt School of Finance & Management

INR 34,24,372

London Business School

INR 85,98,608

National University of Singapore

INR 37,67,647

Deakin University

INR 33,49,020

MBA Finance Scope

A MBA Finance course paves the way for rewarding careers in some major sectors of the economy like insurance, taxation, international finance, wealth management, tax planning, etc. After completion of MBA in Finance course, graduates can pursue PhD in Finance or similar specializations. Hence MBA  in Finance gives the candidate an extra edge in the financial world over other MBA graduates.

MBA Finance Jobs

MBA Finance Jobs can prepare graduates for a wide range of jobs and salaries, which indicates a degree of job and career security. Graduates with an MBA in Finance are highly sought after by employers due to their proficiency in financial management, understanding of investments, and refined analytical skills. Given below is the list of the major MBA finance jobs for freshers along with the salary offered: 

  • Finance Interns
  • Finance Analyst
  • Junior Accountant
  • Lead Generation Investors 
  • Corporate Finance Interns

See Also: MBA Government Jobs

MBA in Finance Salary

MBA Finance is considered to be one of the hardest MBA specializations but it also offers the highest MBA salary package along with some of the most prestigious MBA Finance jobs. The following table presents the average salary for an MBA in Finance across a range of job profiles:

Job Positions

Average Annual Salary

Financial Analyst

INR 4 LPA

Accounting Manager

INR 7 LPA

Credit Manager

INR 5 LPA

Corporate Controller

INR 12 LPA

Financial Advisor

INR 4 LPA

Financial Manager

INR 10 LPA

Management Consultant

INR 7 LPA

Financial Planner

INR 4 LPA

Budget Analyst

INR 5 LPA

Chief Financial Officer

INR 15 LPA

CheckMBA Salary in India

MBA Finance Top Recruiters

Here is a list of the top recruiting companies that offer MBA finance jobs for freshers and graduates:

  • Goldman Sachs
  • JPMorgan Chase & Co
  • Citibank
  • HDFC Bank 
  • Axis Bank
  • ICICI Bank 
  • State Bank of India
  • HSBC
  • Barclays
  • Ernst & Young
  • Deutsche Bank

Know All About MBA Specializations:

MBA Finance Recommended Books

Given below are the names of some recognized books along with their authors which a candidate must read to gain further knowledge in the MBA Finance course:

Book Name

Author Name

Financial Accounting

Jerry J. Weygandt, Paul D. Kimmel, and Donald E. Kieso

Financial Accounting: Tools for Business Decision-Making

Paul D. Kimmel, Jerry J. Weygandt, and Donald E. Kieso

Principles of Corporate Finance

Richard A. Brealey, Stewart C. Myers, and Franklin Allen

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Frequently Asked Questions

What does an MBA in Finance do?

MBA Finance degree holders can find various job opportunities in both private as well as government sectors. Investment banking, taxation, tax planning, financial statement reporting and analysis, hedge fund management, international finance, asset finance, and insurance management are just a few of the careers for MBA Finance graduates.

Is MBA in finance a good option?

Graduates who are genuinely eager to pursue a profession in finance should unquestionably consider an MBA in finance. MBA in finance offers you the ability and skills to fulfil numerous administrative tasks in the field, which makes it a worthwhile career option.

What is an MBA finance salary?

The average salary for MBA finance can be anywhere between INR 7-20 LPA. Candidates can work as investment bankers, financial analysts, account managers, bank managers, research analysts, and many other positions after successfully completing the MBA Finance course.

Is MBA in finance difficult?

The MBA Finance course is just as demanding as any other MBA course. Some students might find it more difficult than other specializations because math and statistics are frequent MBA finance subjects.

Which job is best for MBA finance?

Some of the best MBA finance jobs include, Investment Banking, Consulting, Merchant Banking, Risk Management, Private Banking, Asset Management, Project Finance and Private Equity/Venture Capital.

What can I do after MBA Finance?

The following are the top options to pursue after completing an MBA finance degree: Financial Risk Management [FRM], Doctor of Business Administration, Certified Information Systems Auditor (CISA)Chartered Financial Analyst [CFA], Ph.D. in Management, ISB's Certificate Programme in Business Analytics, Certification in Risk Management Assurance [CRMA]

What is the eligibility for MBA Finance?

Candidates must successfully earn a bachelor's degree from an accredited university in any discipline that takes at least three years to complete. Additionally, candidates must pass any nationalized MBA entrance exam, such as the CAT, MAT, GMAT, XAT, or NMAT.

How long is an MBA Finance?

The MBA Course duration is 2 years. An MBA focus that includes a selection of courses on finance is known as an MBA Finance, or Master of Business Administration in Finance.

Does MBA Finance require Maths?

To qualify for an MBA in Finance, math is not needed in 12th grade or at the point of graduation. As per MBA Finance eligibility criteria, all you need is a bachelor's degree in any field. It is not necessary to have taken math in high school or at your undergraduate degree level.

Can MBA Finance become CEO?

Finance, marketing, public policy, information technology, environmental sustainability, and health administration are a few MBA specialties that propel future CEOs to the top. Potential CEOs are also prepared through electives like managerial economics, organizational theories, and strategic management.

What are the core courses covered in an MBA finance program?

Core courses in an MBA finance program typically include financial management, investments, financial accounting, corporate finance, risk management, and financial markets.

What are the career prospects after completing an MBA Finance?

After completing an MBA in finance, graduates can pursue various career paths such as financial analyst, investment banker, financial manager, risk manager, portfolio manager, or corporate finance executive.

How long does it typically take to complete an MBA Finance?

The duration of an MBA in finance program is typically two years for full-time students. However, part-time and executive MBA programs may have different durations.

Can I pursue an MBA Finance without a background in finance or business?

While having a background in finance or business can be beneficial, many MBA in finance programs accept students from diverse academic backgrounds. However, some programs may require prerequisite coursework in business or finance.

What skills will I develop during an MBA Finance?

An MBA in finance helps develop skills such as financial analysis, strategic decision-making, risk management, leadership, communication, and critical thinking, all of which are essential for a career in finance.

Is it necessary to have work experience before pursuing an MBA in finance?

While work experience is not always mandatory, many MBA in finance programs prefer candidates with some professional experience as it adds value to classroom discussions and enhances networking opportunities

Can an MBA in finance help me start my own business?

Yes, an MBA in finance can provide valuable knowledge and skills related to entrepreneurship and finance, enabling you to make informed financial decisions and develop a solid business plan for your startup venture.

What are the differences between an MBA in finance and a Master's in Finance degree?

An MBA in finance typically provides a broader business education, covering areas such as marketing, strategy, operations, and leadership, in addition to finance. On the other hand, a Master's in Finance degree focuses primarily on finance-related topics.

Are internships or practical experiences included in an MBA finance program?

Many MBA finance programs offer opportunities for internships or practical experiences, which allow students to gain real-world exposure to finance industry practices and build valuable connections.

Can an MBA in finance be pursued online?

Yes, there are many accredited institutions that offer online MBA in finance programs. Online programs provide flexibility and allow working professionals to earn their degree while balancing other commitments.

What is MBA Finance?

MBA Finance is a two year postgraduate MBA specialization program that covers specialized knowledge in the finance sector such as finance management, finance accounting and financial services.

What are the MBA Finance course fees?

The MBA Finance course fees are usually around INR 3 Lakhs to INR 20 Lakhs in most colleges and universities.

Why pursue an MBA Finance course?

The MBA in finance prepares students for in-depth studies related to the various facets of finance such as management, control, and assessment of collection, investment, and resources.

What are the types of MBA Finance?

The types of MBA Finance courses which the candidates can pursue as per their comfort are full time, part time, distance and online MBA Finance.

Who are the top recruiters who hire MBA in Finance graduates?

Some of the top MBA in Finance Recruiters include Accenture, EY, KPMG, Deutsche Bank, HCL, Genpact, TATA Consultancy, Standard Chartered, Infosys etc.

Which are the subjects in MBA Finance?

The MBA Finance Subjects are Portfolio Management, Insurance Management, International Financial Markets and more.

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