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MBA in Finance: Admission 2025, Eligibility, Fees, Top Colleges, Job Scope

Duration Duration: 2 Years Fees Avg Fees: INR 2,00,000 - 25,00,000 per year

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MBA in Finance is a two-year postgraduate degree, based on essential concepts of finance, accounting, and economics along with in-depth knowledge of financial planning, budgeting, forecasting, etc. The MBA in Finance syllabus develops a comprehensive understanding of core topics like financial management, investment analysis, risk management, cost accounting, time value of money, banking systems, etc.

MBA in Finance admission requires students to have a 50-55% aggregate score in bachelor's degree along with qualifying entrance exams such as CAT, XAT, MAT, GMAT, CMAT, NMAT etc., as part of the eligibility criteria.

MBA Course Details

Degree Masters
Full Form Master of Business Administration
Duration 2 Years
Age No specific age restriction
Entrance Exam CAT, XAT, CMAT, etc.
Minimum Percentage Candidate should have completed a bachelor's degree with a minimum of 50-55% marks.
Average Fees 6 Lakh - 31 Lakh
Average Salary INR 4 LPA - INR 20 LPA
Employment Roles Financial Analyst, Finance Manager, Business Analyst - IT, Operations Manager, Relationship Manager, etc.
Top Recruiters JP Morgan, KPMG, Goldman Sachs, Deloitte, HSBC Bank, etc.

MBA in Finance Overview

MBA in Finance full form stands for Master of Business Administration in Finance and falls under the umbrella of MBA. BITS Pilani, SIBM Hyderabad, Amity University, and IIM Kozhikode are among the top MBA in Finance colleges in India.

The average MBA in Finance course fees are in the range of INR 5 lakh-INR 31 lakh for colleges in India. The MBA in Finance fees at IIMs range between INR 13 lakh to INR 35 lakh whereas fees at other private colleges range between INR 6 lakh to INR 24 lakh.

The course module is industry-relevant and equips graduates with substantial knowledge of finances, markets, cash flow, stocks, and current business trends to acquire potential job opportunities with an average salary package of INR 4 LPA to INR 20 LPA. Hence, an adequate amount of job opportunities are available for graduates with MBA in Finance in investment banking, consulting, merchant banking, private banking, and much more.

What is MBA in Finance?

MBA Finance is a two-year postgraduate degree divided into four semesters. MBA Finance research focuses on the management and evaluation of collection, administration, investment, and resources. In the Finance course, students will learn how to assess business data, implement stock value techniques, manage profitability and risk, evaluate investments, etc.

The MBA Finance course opens up several opportunities in the financial world. Applicants who want to study at India's top business institutions, such as IIMs, should have at least one to two years of experience. It will give them an advantage when applying for admission. There are numerous exciting career opportunities available after earning an MBA in finance.

MBA Finance syllabus and subjects focus on a comprehensive understanding of finance principles, theories, concepts, and their application in real-world business scenarios.

Also Read: Top 10 MBA Colleges in Mumbai with Low Fees 2024

MBA in Finance Eligibility Criteria

All management colleges in India have similar entrance eligibility requirements for MBA Finance students. A bachelor's degree with a management focus is required for students. Candidates can start the application procedure if they've met the requirements.

Particulars Details
Entrance Exams A minimum of 50% aggregate or comparable CGPA in a bachelor's degree from a recognised university.
Graduation Most institutes admit candidates based on their entrance exam scores, such as CAT, XAT, CMAT, MAT, and SNAP.

Why Choose MBA in Finance?

There are several benefits of pursuing MBA in Finance. It is a popular course and has much more to offer students. Check out the reasons to opt for MBA in Finance.

  • MBA finance course is ideal for students who desire to thrive in finance and enhance their professions. In India, the financial sector grows at a rate of approximately 8.5% each year. This means that doing an MBA in Finance in India will open up numerous prospects for advancement.
  • Financial analysts are immensely beneficial to both the public and private sectors. Finance is a sector that is not limited to a particular industry and is very diverse.
  • Students gain diverse skills and knowledge in business and finance, which opens the door to future career prospects. They research investment strategies, business risks, as well as global economic and corporate risks. The compensation after completing an MBA Finance programme is fairly good.

MBA in Finance Admission 2024

Admission to MBA in Finance course for most Tier-1 and Tier-2 colleges is usually based on merit earned in MBA entrance exams and performance in the GD/PI sessions along with fulfilling certain eligibility criteria. However, some colleges may conduct their own aptitude tests but admission through management quota is not available for enrollment to the MBA in Finance course.

Listed below are the MBA in Finance requirements for the admission process followed by universities across the country:

  • Step 1: The students need to clear the entrance exam cut-off as required by the respective colleges.
  • Step 2:The candidate should fill out the application form for respective colleges available online and offline mode.
  • Step 3: After assessing the candidate application, the colleges roll out the list of shortlisted candidates for GD and PI sessions.
  • Step 4: After the final merit list is published, the candidate needs to complete the document verification and pay the fees.

Top 10 MBA Colleges in India With Fees

NIRF Ranking 2024 Top Colleges for MBA Total Program Fees Average Placement Package Entrance Exam
1 IIM Ahmedabad INR 23,00,000 INR 35.00 LPA CAT
2 IIM Bangalore INR 24,50,000 INR 33.80 LPA CAT
3 IIM Calcutta INR 27,00,000 INR 34.20 LPA CAT
4 IIM Kozhikode INR 19,50,000 INR 29.50 LPA CAT
5 IIT Delhi - DMS INR 9,60,000 INR 28.50 LPA CAT
6 XLRI Jamshedpur INR 23,60,000 INR 32.70 LPA XAT
7 FMS Delhi INR 2,16,000 INR 32.40 LPA CAT
8 IIM Lucknow INR 18,50,000 INR 30.50 LPA CAT
9 MDI Gurgaon INR 22,89,000 INR 26.07 LPA CAT
10 SPJIMR Mumbai INR 20,50,000 INR 26.06 LPA CAT/GMAT

Best MBA Colleges in India City Wise

Below listed are the location-wise MBA colleges in India with the program fees:

Location Average MBA Program Fees
Top MBA Colleges in Delhi INR 5,00,000 - 25,00,000
Top MBA Colleges in Mumbai INR 8,00,000 - 22,00,000
Top MBA Colleges in Bangalore INR 10,00,000 - 25,00,000
Top MBA Colleges in Pune INR 6,00,000 - 20,00,000
Top MBA Colleges in Hyderabad INR 7,00,000 - 18,00,000
Top MBA Colleges in Chennai INR 5,00,000 - 16,00,000
Top MBA Colleges in Kolkata INR 4,00,000 - 15,00,000
Also, CheckMBA Course Fees in India

Types of MBA Courses

MBA qualification is available in full-time, part-time, executive, and distance mode options. The several MBA course types are detailed below:

Full-Time MBA

It is a two-year graduate course divided into four semesters. Students who choose the full-time learning option are required to participate in regular classroom instruction. The advantage of a full-time course is that students can gain comprehensive industry exposure through summer internships and campus placements.

Executive MBA

An Executive MBA is designed for working professionals with significant work experience. The program is typically completed in 1-2 years with classes scheduled on weekends or in modular formats to accommodate working schedules.

Part-Time MBA

A part-time MBA is typically a 3-year course. Professionals who are currently employed and unable to take time off for full-time study can benefit greatly from the part-time MBA program. Classes are usually held in evenings or weekends.

MBA Distance Education

Distance learning allows working professionals to earn an MBA while continuing their jobs. IGNOU, SCDL, NMIMS, etc. are some of the prominent institutions offering distance MBA programs. Admission is usually based on academic performance and sometimes entrance tests.

Master of Business Administration Syllabus and Subjects

MBA full form is Master of Business Administration, the course is designed to impart advanced knowledge of business management and strategic leadership skills. MBA subjects focus on building capabilities that enable students to handle complex business challenges.

The list of core MBA subjects is as follows:

  • Organizational Behavior
  • Managerial Economics
  • Financial Accounting & Analysis
  • Marketing Management
  • Quantitative Methods
  • Operations Management
  • Human Resource Management
  • Corporate Finance
  • Business Research Methods
  • Strategic Management
Read More:MBA Syllabus and Subjects

MBA Integrated Courses

There are several integrated MBA courses in India that combine undergraduate and postgraduate studies.

BBA-MBA

An Integrated BBA-MBA course is a five-year program that allows students to complete both bachelor's and master's degrees in business administration. Below are a few important pointers:

  • The duration of the BBA-MBA course is five years.
  • The BBA-MBA fees in India are between INR 8,00,000-20,00,000 for the entire program.
  • IIM Indore, IIM Rohtak, and other premier institutes offer integrated programs with excellent placement opportunities.

MBA vs Executive MBA

While both MBA and Executive MBA are management degrees, they cater to different audiences and have distinct features. Below is the difference between MBA and Executive MBA:

Parameter Regular MBA Executive MBA
Target Audience Fresh graduates or candidates with 0-2 years experience Working professionals with 5+ years experience
Course Duration 2 Years Full-time 1-2 Years (Part-time/Weekend)
Work Experience Required 0-2 years (Preferred but not mandatory) 5+ years (Mandatory)
Class Schedule Weekdays (Full-time) Weekends/Evenings/Modular
Average Fees INR 5,00,000 - 25,00,000 INR 10,00,000 - 40,00,000
Placement Assistance Yes Limited or No placement assistance
Read More:MBA vs Executive MBA
Why Choose MBA

Below mentioned points give a deep insight into why choose an MBA course:

  • MBA graduates can discover excellent career opportunities in various top companies across consulting, finance, technology, and other sectors with significant salary growth.
  • The course provides high career growth and leadership opportunities while enabling graduates to pursue various senior management positions and entrepreneurial ventures.
  • With increasing business complexity and globalization, the demand for skilled business leaders has been growing consistently across industries.
  • Recent studies indicate that MBA graduates experience an average salary increase of 50-100% post-MBA, with top B-school graduates seeing even higher returns.
  • The expanding Indian economy and increasing foreign investments have created numerous opportunities for qualified business leaders across sectors.
Read More: Why MBA? Top Reasons To Study MBA

Courses After MBA

Upon completion of an MBA, professionals can opt for various career advancement opportunities. However, some choose to pursue further education for specialized knowledge or academic careers.

The students can also explore many other professional certifications that boost their careers. Below are a few options that can be pursued after MBA:

  • PhD in Management
  • Fellow Program in Management (FPM)
  • Professional Certifications (CFA, FRM, PMP, Six Sigma)
  • Executive Education Programs

Career Options After Master of Business Administration

There are abundant job opportunities for MBA graduates across various industries and functions. MBA graduates are offered excellent job options with competitive salary packages that include:

  • Management Consultant
  • Investment Banker
  • Product Manager
  • Business Development Manager
  • Marketing Manager
  • Operations Manager
  • HR Manager
  • Entrepreneur
Read More: Career Options After MBA

MBA Salary in India

MBA salary for graduates varies significantly based on the B-school reputation, specialization, work experience, and industry. In addition to these factors, geography and the specific role also influence MBA salaries in India.

The average starting salary range for MBA graduates from top B-schools in India is INR 20-35 LPA, while from other institutions it ranges between INR 8-15 LPA. With experience and career progression, there is substantial growth in compensation and leadership opportunities.

MBA Salary Statistics

INR 10-35 LPA
Average Starting Salary
50-100%
Average Salary Hike
INR 1-2 Cr+
Senior Level Compensation
Read More: MBA Salary

MBA Scholarships

There are various scholarships available to students who want to pursue an MBA degree. The scholarships are given based on merit scores, financial need, and other criteria. Below given is the list of MBA scholarships available to students:

  • Aditya Birla Scholarships
  • JN Tata Endowment Scholarship
  • KC Mahindra Scholarships
  • Inlaks Scholarships
  • Aga Khan Foundation Scholarships
  • Narotam Sekhsaria Scholarships
  • Institute-specific Merit Scholarships
Read More: MBA Scholarships

Skills Required to Pursue MBA

MBA aspirants should exhibit some personality traits and skills required to be effective leaders and managers. Some of these skills are listed below:

  • Strategic thinking and problem-solving abilities
  • Leadership and team management skills
  • Excellent communication and presentation skills
  • Analytical and quantitative abilities
  • Business acumen and commercial awareness
  • Adaptability and change management capabilities
  • Networking and relationship building skills
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