Are you good with numbers? If yes, an MBA in Finance might be the degree you are looking for!
The financial world is one of the mysteries of mankind. No one can predict when stock markets will rise or fall. When they rise, immense wealth is created, and when they fall they take the world economy down with them.
Organizations need specialists to help take care of their finances, and you can become an expert in this field through an MBA in Finance.
But first, what is an MBA in Finance?
MBA in Finance Basics
An MBA in Finance is a 2-year postgraduate management degree. It is an extremely popular specialization and also a core one.
An MBA in Finance helps you pick up management as well as technical skills.
MBA in Finance Eligibility
The basic criteria to be eligible for an MBA in Finance-
- You need to be a graduate.
- Minimum 50% aggregate marks required in your undergraduate degree. (For SC/ST it’s a little less.)
- Final year graduation students are also eligible to apply if they complete their degree within the specified timeline.
- Applicants must appear in any MBA entrance exams like CAT, MAT, XAT, state entrance exams etc.
Skills an MBA in Finance will teach you
An MBA in Finance will teach you technicals skills according to the curriculum. However, there are other important skills which you will pick up as a by-product of this degree. They are as follows-
- Quantitative ability
- Analytical thinking
- Financial principles
- Time management
Scope of an MBA in Finance
There is a major bull run ongoing in the Indian stock market for the past 1.5 years and it is showing no signs of stopping. This means demand is picking up and the economy is getting back on track post-pandemic.
With the govt’s added emphasis on getting as many people under the income tax ambit as possible, it is the right time to be working in finance.
An MBA in Finance allows you to do exactly that by providing an excellent foundation to a successful career.
Job Opportunities after an MBA in Finance
You can apply to the following job profiles post completion of your degree-
- Financial Analyst– Analysing data to help devise strategies.
- Accounting Manager– Taking care of accounting practices and plans.
- Finance Manager– Maintains the financial health of the organization and advises on investments.
- Business Analyst– Uses business intelligence tools to improve the product
- Bank Manager– In charge of the smooth functioning of a specific branch.
An Alternative Choice
An MBA in Operations is a solid alternative to an MBA in Finance.
With the world moving towards an increased desire for more and more efficiency, an MBA in Operations can be your gateway to your dream job.
The manufacturing industry is the foundation on which nations are built, and it’s important that this industry consists of the best professionals in order to judiciously use the raw resources.
This is where an MBA in Operations comes in. There are ample opportunities available in this field and the jobs available will only increase from here due to the Govt stimulus’ and other schemes planned to be implemented.
Conclusion
An MBA in Finance and an MBA in Operations are both excellent choices as postgraduate management degrees. Recruiters value them equally highly and there is no dearth of jobs in either field.
You need to make a decision based on your interests after considering all the points we have mentioned.
