12 Reasons why to choose MBA in finance

Why Study MBA in Finance?

You must have heard words like money, economy, and investment. However, whenever the word ‘finance’ is uttered, most hear that number-crunching sound in the back of their head but it is not only about the numbers. Today, MBA in finance is a globally recognized and favorable career choice for aspirants across the globe. It paves out the way towards a well-settled life.

1.High in demand

MBA in finance empowers students with knowledge and skills in analytical thinking, continuous processes, managerial decision concepts, maintaining a balance between risk and profitability, coordination processes and centralized nature. Every industry, like advertising, PR, IT, teaching, consulting, and real estate, needs to record cash flow, investment details, salary payment information, etc. So, by having sound knowledge about financial management, you can clinch a job in any industry.

2. Chance to Explore Various Job Roles

The domain of finance is fundamentally huge. There is a wide assortment of job roles, in both the public and private segments, to choose from your interest. Examples include investment banker, budgetary examiner, financial analyst, corporate banker, hedge fund manager, personal financial advisor, risk manager, etc.

3. The Wide Curriculum

A two-year MBA in Finance covers diverse topics that develop critical and analytical thinking, along with expanding the horizon of knowledge in marketing, statistics, and leadership skills. Usually, the curriculum includes stock exchange analysis, business finance, risk management, investment banking, and finance management. Each of these subjects tends to expand the bandwidth of knowledge

4. Management of personal funds

By studying finance in MBA, you understand the importance of budgets and investments. You learn strategic skills, financial management, creativity, time management and planning. Knowing them can help you immensely if you decide to start your own venture after some work experience.

5. Job security

While an MBA focuses on business administration with specializations like HR, marketing, sales and operations, an MBA in finance is a subject that is responsible for managing and maintaining the costs and capital required for all sectors across the industry. This means that jobs for an MBA in finance may be available regardless of the industry, making this specialization highly versatile and jobs in this specialization more secure.

6. Evergreen Industry

Finance is a master key for any business. Whether commencing a business, expanding the existing one, or investing in developing new product innovations, a business always needs finance. Without finance, it becomes fragile and non-operational. With such huge funds, come cash flow, transactions, and monitoring of financial resources. From small to big businesses in every industry, finance management is needed. Thus, it is considered as the never-ending industry as no finance means no business.

7. Explore many fields

An MBA in finance allows you to explore more opportunities in a variety of industries. There are many jobs in both the public sector and the private sector. This makes it comparatively easy to switch between industries and job profiles. You can opt for an MBA in finance course and later get certified as a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA), which are internationally recognized and increase your chances of getting a job abroad. Specific job profiles after an MBA in finance course include financial analyst, financial advisor and consultant.

8. Career option with an MBA in Finance

MBA graduates in finance can work in both banking and non-banking sectors, both in full-time or freelance capacities. An MBA in finance can make you eligible for a variety of job opportunities in both the public and private sectors. They could also work in the stock market, corporate organizations, the finance ministry or other related fields.

An MBA in finance can work in any of the following industries:

· Asset management

· Corporate finance

· Corporate banking

· Credit risk management

· Derivatives structuring

· Hedge fund management

· Private equity

· Treasury

· Investment banker

· Corporate banking

· Corporate finance

· Asset management

· Credit risk management

· Private equity

9. Start a New Venture

Everyone has a dream of starting their own business once in a lifetime. By studying MBA in Finance, one learns how to manage funds constructively, which leads to the optimum utilization of financial resources. An MBA in finance graduate never faces the hurdle of gathering funds for the business.

Years of experience teach them numerous ways to generate and invest money that can yield maximum profit. So, if you have the spirit to enter the realm of entrepreneurship, an MBA in finance can make your way a lot easier.

10. Finance is everywhere

It doesn’t matter if you are interested in advertising, teaching, or even consulting. Every company you work with will need cash flow to do regular activities such as pay everyone’s salary, distribute dividends, reinvest in product innovation, and more.

Considering its importance in every type of business, sound knowledge about it will help you make a valuable contribution in making decisions for your company. So, by opting for this field, you won’t just have to stick to working for banks and other financial organizations; in fact, you can work in any and every company’s finance department.

11. Work in an ever-evolving Industry

This field was indeed known to use conventional practices and processes for a long, long time. However, with the advancement in technology, the world of finance has grown beyond traditional big banks.

International companies like SoFi, Stripe, and Coinbase have revolutionized student loan financing, payment technology, and growth of crypto currencies, respectively. By choosing this specialization, you keep up with the growing field of financial technology, also known as fintech

12. Greater Awareness of a Global Market

Earning an MBA puts you in close contact with other students from around the world who have different work experiences and perspectives on the global economy. In addition to learning from professors, MBA students can expand their knowledge of other industries in the U.S. and abroad.

Top Non-IIM Colleges of MBA in Finance in INDIA

S.P. Jain Institute of Management and Research, Mumbai (PGDM)

Narsee Monjee Institute of Management and Studies, Mumbai (MBA)

KJ Somaiya Institute of Management Studies and Research, Mumbai (PGDM)

Lal Bahadur Shastri Institute of Management, Delhi/NCR (PGDM)

Xavier Institute of Social Service, Ranchi (PGDM)

National Institute of Bank Management, Pune (PGDM)

Top Companies Hiring MBA Finance Professionals

· Goldman Sachs

· Morgan Stanley

· Boston Consulting

· Bain & Company

· JP Morgan Chase & Co.

· McKinsey & Co.

· Barclays

· KPMG

· National Bank of India

· HDFCs

Some of the top Alumni of MBA Finance

DR. Raghuram Rajan (former governor of reserve bank of India)

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Chanda Kocchar ( former managing director and chief executive officer of ICICI Bank)

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Deep Karla ( CEO of MakeMyTrip )

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Conclusion

The MBA Finance presents a comprehensive range of the career prospects that improve when associated to several other relevant accounting programs, as much as it includes the various aspects of handling finance and accounting like the securities, investments, banking and the risk management, and business. One of the most fundamental functions of the financial manager is to supervise the financial statements that benefit the firm together with the decision making, strategic planning, business development and the alliance management.