MBA in Finance – Application procedure and eligibility criteria of MBA in Finance are almost the same with that of MBA in General. Most of the institutions accept students on the basis of admission test scores such as CAT, XAT, CAST, CMAT, MAST, etc. However, these institutes may have some requirements to be fulfilled before admission can be made.
The major criterion for admission into MBA is a good command of English language and a positive academic record. A good GPA is an essential factor in deciding whether you are admitted or not. Other important criterion is the length of time you have spent in the job of your choice as well as the type of business or academic program you are pursuing.
Some of the MBA courses offered by the financial institutions of MBA in Finance include Bachelor of Finance, Master of Finance, MBA Finance & Accounting, MBA Investment Management and Bachelor of Investment Management. MBA Finance programs cover all the subjects related to business including market analysis, financial statement, management planning, investment management, tax management, business ethics, risk management, accounting, investment banking, business analysis and other related subjects. The study materials are prepared according to the specific requirements of each institute.
Since the aim of these MBA courses is to equip students with the skills required for running a successful business, students are required to pass examinations and pass them with high marks. Students must be prepared for long hours of study, especially at the end of the course in which a practical exam is given. There is no specialization in MBA in Finance but all the subjects are related to finance.
In order to start MBA in Finance, one has to get admission to a reputed institution. There are many financial institutes offering such courses but one needs to be careful while selecting the right one. The most important factor while selecting the right institute is to make sure that it is affiliated with reputed management consulting firms. Most of the institute has their branches in different countries. To know about the various institutes in your area, you can ask your friends and relatives who are already in these institutes.
In order to get a good education, one should apply for MBA in Finance, which will enable them to get job opportunities of their choice in the finance industry. One can also pursue online MBA programs if they want to earn a good salary as well as compared to the job seekers. Since there is no specialization in this course, a student can pursue it in any part of the world.
Certain subjects in MBA Finance require specialization, depending upon the region where the institute is operating. For example, if you are planning to work in Australia, then you have to take care of Australian accounting and bookkeeping. If you want to take MBA on the Asia Pacific region then you have to know the different accounting techniques there. If you want to work in Europe, then you must know European bookkeeping and tax procedures.
Finance has become a global industry and the students of MBA in Finance who take up global finance programs need to possess a good command of international accounting and bookkeeping skills. Since MBA is the only entrance qualification needed for many jobs in global finance markets, one has to work hard for achieving success.
MBA Finance students can find employment as sales people, accountants and consultants. They are also eligible . . . . . . for jobs in investment banks and private equity groups. These jobs are in fact very much lucrative and one can also earn good money as a director or a senior manager.
A good MBA in Finance prepares a good future for students who intend to take this course. Once a student takes this course, he will never look back to the traditional fields as finance is the most competitive field and everyone in this field is always in search of new ideas to improve their business.
MBA Finance degrees are always in demand. The best career options for students who want to become a financial advisor, banker, financial analyst, financial planner, management analyst and investment banker are available with such courses.