Nitte - Scope of MBA in Finance | NITTE Blogs

Nitte - Scope of MBA in Finance

There is no doubt that an MBA is considered a prestigious qualification when considering higher studies or when compared to other postgraduate courses. But there is a lack of awareness when it comes to the opportunities and the scope of the degree. There are many specializations that MBA Colleges in Karnataka offer like Marketing, Human resources, Banking, IT and Finance. Top MBA Colleges in Karnataka tend to offer all of these and more. An MBA in Finance is generally considered the top choice to secure a lucrative career in companies and climb the corporate ladder rapidly, but not everyone is aware of the advantages this degree offers. For those who are unsure about their options post graduating with a MBA in Finance, here is a comprehensive guide about the journey ahead.

What is an MBA in Finance?
Masters in Business Administration (MBA) in Finance is a postgraduate degree which offers students a thorough understanding of both management and finance. Furthermore the person is able to analyse a company's reports, forecast economic trends, build strategy to maximise stock values, balance risk and profitability and manage an investment portfolio.

The person planning to pursue an MBA in Finance should have completed his/her undergraduate degree in any stream with minimum 50% aggregate. Entrance examinations are conducted at the national or state level in the form of CAT, MAT, XAT, SNAP, CMAT and more. Some institutes have their own entrance exams whereas others require a state level or national exam score for admission. At Justice K S Hegde Institute of Management, Nitte, we consider your scores on CAT, MAT, KMAT, XAT, ATMA, PGCET to qualify for admission.

Personal Skill Requirements:
There are some necessary personality requirements and personal skills that are considered preferable in order for you to be ready for this course. The qualities that one must have to pursue an MBA in Finance are:
  • Quantitative Skills
  • Basic accounting and management knowledge
  • Aptitude for Money management
  • Data Interpretation and Analytical skills
  • An ability to multitask
  • Logical Reasoning
  • Vocabulary, Reading and Comprehension

MBA in Finance offers an excellent array of opportunities once you graduate from one of the Best MBA Colleges in Karnataka like Justice K S Hegde Institute of Management, Nitte. This ensures a stable career throughout and managerial prospects are par for the course. Moreover, one cannot ignore the value an MBA degree brings and the market demand for management graduates. Students who excel academically and develop a practical understanding of finance, in a business context, definitely have an edge over other candidates in the job market. Career opportunities in finance can lead to roles in asset management, financial advisories, retail banking, planning and taxation, equity analysis, risk management, business analysis, sales and trading, personal finance, corporate finance and accounting, investment portfolio management, hedge fund management, international finance and insurance management among many others.

The subjects that you study at Justice K S Institute of Management, Nitte which is a top MBA College in Karnataka include:
  • Financial Management
  • Investments
  • Management Accounting
  • International finance
  • Managerial Economics
  • Corporate finance
  • Operations Research
  • Mergers and Acquisitions

Skills Learnt:
Skills that you learn during your stint at Justice K S Hegde Institute of Management, Nitte are going to be foundational to your future career and will help you in undertaking significant responsibilities in future. Some of these are:
  • Transferable Skills
  • Ability to interpret numbers and draw conclusions from results of various financial strategy changes
  • Ability to handle a wide variety of tasks
  • Ability to synthesize large amounts of data into small manageable chunks and then communicate these chunks both written and oral
  • Ability to perform well under pressure
  • Strong theoretical knowledge of all financial aspects

Career Prospects:
An MBA in Finance can work in banking and non-banking sectors and in corporates. Every organisation has a finance department and requires a financial expert for maintaining the balance sheet and regulating the flow of capital. Skilled finance students can be part of the stock market, top-notch organisations, the finance ministry or related organisations.
  • Accounting Manager
  • Manager Consultants
  • Investment Banker
  • Financial Analyst
  • Chief Financial Officer (CFO)
  • Credit Managers and Specialists
  • Insurance and Risk Managers
  • Finance Officers and Treasures
  • Corporate Controllers
  • Investing sales traders and associates

The pay scale of the job after MBA depends highly on the institution from which you study and its reputation. The recruiting companies that visit also depend upon the recognition of the institution. Today, a MBA in Finance is considered to be a lucrative field of study, with candidates being placed at mid-level and senior level positions in reputed organisations. The pay depends on the role and responsibilities that are given to you. An analyst might have an average salary of 3.5 LPA whereas a managerial role could get you upto 9 LPA. The location and the city in which you work in also affects your pay. Mumbai, Bangalore and Delhi are considered the epicenter of financial firms and employment here would mean a comparatively higher salary.

Candidates who have completed an MBA in finance generally find employment with the department of finance and accounting in both public as well as private organizations. Private organizations like MNCs, especially those who specialize in investment banking and financial matters are known to offer astronomically high salaries to finance managers who have graduated from top B-schools like the IIMs.
Some of the top recruiters from the Best Colleges in Karnataka are:
  • Goldman Sachs
  • Boston Consulting Group
  • McKinsey
  • Morgan Stanley
  • JP Morgan
  • Lehman Brothers
  • Barclays
  • KPMG
  • Bain & Co
  • Deutsche Bank
  • Deloitte

The right way to build your career in finance is to start working towards your goals early on and opt for subjects that are devoted to finance and accounting during high school. You can also take up Bachelors in Finance or professional courses like CA and then start preparing for the entrance exams for MBA. But it is possible for candidates with no prior background in finance to excel in the field, if they are very keen and prepared to work hard. There are ample career opportunities awaiting you once you acquire an MBA in Finance. You can choose to pursue a successful career in a private firm, work for the government, or run your business independently.