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MBA Financial Management: Syllabus, Colleges, Distance Learning, Admission, Eligibility, Exams, Jobs, Salary 2023

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Sounak Banerjee

Associate Content Manager

MBA Financial Management or MBA Finance is a postgraduate course, offered in various public and private institutes in India. This course involves the study of analytics, budgeting, organisation and monitoring of finances. It requires skills like thorough data evaluation, logical analysis and proactive decision-making.

See Also: MBA Financial Management Syllabus

The MBA Financial Management educates students on the financial industry, marketing trends and economic trends. Admission to the MBA Financial Management program is determined by national or state level entrance exams such as the CATMATXATSNAP, and others. Check MBA Full Form 

Top colleges offering MBA Financial Management are AIMAUPES DehradunAligarh Muslim University, etc. The average fee may range from INR 60,000 to INR 2,00,000. However, government colleges may charge less fees as compared to private ones.

Candidates who successfully complete the MBA Finance course can work as Investment Bankers, Financial Analysts, Account Managers, Bank Managers, Research Analysts, and many other positions. An MBA Finance graduate's average salary ranges between INR 5-8 LPA.

MBA Financial Management Course Details

Course type Postgraduate
Course Duration 2 Years
Course Examination Type Semester
Course Eligibility Graduation in any discipline
Course Admission process Entrance Exam followed by Group Interview and Personal Interview
Course Fee INR 1,10,000 to 7,00,000
Course Average Salary INR 3,00,000 to 9,00,000 per annum
Top Recruiting companies J.P. Morgan Chase & Co. (JPMCC), Amazon, ICICI Bank, ITC, Reliance Industries Ltd, Aditya Birla, Oracle and Google
Job Position Finance Manager, Credit Manager, Financial Advisor, Asset Manager, Director of Finance and Administration, Financial Planner, Cost Controller and Corporate Financial Analyst etc.

About the MBA Financial Management Course

  • MBA Financial Management involves studies of analytics, budgeting, organizations and financial monitoring. 
  • It requires skills such as comprehensive data evaluation, logical analysis and proactive decision making.
  • Throughout the course, students will learn the concepts of financial analysis, cost accounting, management accounting, and their impact on general decision making.
  • MBA Financial Management offers a variety of career opportunities as students can also choose to pursue higher education in their respective fields. They can choose a higher degree like PhD Finance, PhD Management, etc.
  • New graduates of courses can easily expect an average salary of INR 3.00,000 to INR 9,00,000 per year. The salary offered increases with increased experience in their respective fields.

Why Study MBA Financial Management?

  • MBA Financial Management is beneficial for students who want to make their mark in the finance field and are looking for a career boost.
  • Among all other MBA courses, MBA Financial Management Course offers the best job opportunities with great salaries
  • Candidates will learn to use advanced technical tools to solve financial challenges, as well as complex analytic and quantitative methodologies, enabling them to solve difficult problems in high-tech finance.
  • Both in India and internationally, there are several prospects in this vital profession. Financial experts can also work for international corporations.
  • The Financial Management Program will provide you with concepts and techniques in finance, computer science, and mathematics as part of your M.B.A.

MBA Financial Management Admission Process

  • The admission process in top MBA colleges starts in the first week of August/September and ends in the last week of November. 
  • Candidates seeking admission in any of the top MBA colleges should apply for the relevant MBA entrance exam like CAT /XAT/IIFT/NMAT/ SNAP within the given time window. 
  • After the announcement of the MBA exam result in January, most of the top business schools shortlist the eligible candidates for the final round of admissions on the basis of few parameters as per the admission guidelines.
  • All shortlisted candidates have to participate in the group discussion (GD), Written Ability Test (WAT) and then Personal Interview (PI).
  • Based on the performance in the final selection round, weightage of admission scores, academic profile and diversity, work experience and gender diversity, a final merit list is prepared and the respective B-School makes an offer of admission.

MBA Financial Management: Eligibility

  • The prerequisite for admission to MBA financial management programme is an undergraduate degree from a recognised university in a relevant field.
  • Candidates are required to appear in various national, state and university entrance examinations as per the selection of B-School.
  • There are no age restrictions for MBA in Finance programmes..
  • Though it is not mandatory, work experience is strongly recommended.

MBA Financial Management: Entrance Exams

Entrance Exam Registration Date Exam Dates
ATMA December 26 – February 18, 2023 February 25, 2023
CAT August 3 – September 21, 2022  November 27, 2022
CMAT December 26 – February 25, 2023 March 26, 2023
GMAT Throughout the year Throughout the year
MAT (February Session)

December 27 – February 14, 2023 (PBT Mode)

December 27 – February 21, 2023 (CBT Mode)

December 27 – February 27, 2023 (CBT Mode) 

February 19, 2023 (PBT Mode)

February 26, 2023 (CBT Mode)

March 04, 2023 (CBT Mode)

NMAT August 01- October 12, 2022 October 10 - December 19, 2022
SNAP August 04 - November 24, 2022 December 10, 18, and 23, 2022
XAT August 10 – December 12, 2022 January 08, 2023

MBA Financial Management Distance Education

  • MBA financial management Distance is a useful way to complete an MBA in India that allows individuals to complete their MBA program without leaving their jobs. 
  • MBA financial management Distance is a 2 year course and the basic requirement is that the student must be a graduate with 50% in any course.

Admission Process

  • Admission to MBA distance education is usually based on the marks obtained by a candidate in management exams like CAT, MAT, XAT and ATMA. 
  • However, some institutes like IGNOU conduct their own entrance test for admission to a distance MBA course. 
  • Although the minimum requirements for applying to a B-school are similar for almost all institutes i.e. 50% aggregate marks in 10+2, some colleges have additional requirements for admission to an MBA in Finance by distance learning. 
  • For example, a valid CAT score or more than 2 years of work experience (preferably in the same field).

MBA Financial Management Distance Education Colleges

Name of the Institute Duration of the course Average Fees
Indira Gandhi National Open University (IGNOU) 2 to 5 years INR 32,000
Symbiosis Centre for Distance Learning (SCDL) 2 years INR 50,000
Narsee Monjee Institute of Management Studies (NMIMS) 1.5 years INR 2,50,000
All India Management Association (AIMA) 2 years INR 63,000

MBA Financial Management Syllabus

Semester One Semester Two
Management Theory and Practice Marketing Management
Organizational Behaviour Financial Management
Accountancy for Managers Human Resource Management
Managerial Economics Operations Management
Statistics for Managers Research Methods for Business
Semester Three Semester Four
Operations Research Entrepreneurship
Strategic Management Security Analysis and Portfolio Management
Financial Markets, Treasury & Risk Management Financial Analysis and Reporting
International Financial Management Management Information Systems
Strategic Cost Management Final Project Report

MBA Financial Management: Top Colleges

MBA Financial Management: Colleges Abroad

College Name Average Fees
Stanford University INR 55 Lakhs
Harvard University INR 54 Lakhs
The Wharton School INR 1,23,79,221
INSEAD INR 76,05,000
MIT Sloan INR 1,17,38,760
London Business School INR 82,90,540
HEC Paris INR 49,19,000
The University of Chicago Booth School of Business INR 91,26,000
Haas School of Business INR 87,45,750
Kellogg School of Management 57,03,750

MBA Financial Management Jobs

Job Profile Job Description Average Salary
Credit Risk Analyst Assesses the credit risk of its customers using financial and credit information with the aim of identifying and eliminating the greatest risk factor. INR 6,25,000
Financial Analyst A Financial Analyst monitors market trends and the factors that influence them to help the company make wise investments. INR 4,08,000
Management Consultant A management consultant provides guidance and perspectives into the process of managing and growing a firm. INR 11,44,000
Chief Financial Officer (CFO) A company's CFO is the most significant role. He or she is in charge of the company's or organization's money and financial reporting. INR 20,00,000
Finance Manager A Finance Manager is responsible for reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts INR 9,98,000

MBA Financial Management: Top Recruiters

JP Morgan Chase BCG
Deloitte KPMG
Morgan Stanley Microsoft
TCS Wipro
Amazon Apple

MBA Financial Management: Future Scope

  • Besides getting a job, there is another way for students to further their education. MBA Financial Management Scope for students are given below:
  • PhD: If you want to pursue further studies in the same field, the first program of choice is a PhD Finance. It is a three-year program that requires a master's degree in finance. Students can pursue a PhD in any related field.
  • After completing this course, students can also join the Fellow Programme in Management (equivalent to PhD) conducted by all IIMs. 
  • Postgraduates can opt to prepare for competitive exams. The most popular are the exams that are meant for employment in government organisations. Students can get the best paying jobs in this sector.

MBA Financial Management: FAQs

Ques. How can a background in Accounts and Economics help you get an MBA in Financial Management?

Ans. While students from any discipline can pursue the course, students with backgrounds in Accounts or Economics will have broader horizons in terms of job opportunities, such as Financial Accounting Manager, Investment Banker, and Credit Analyst.

Ques. In terms of syllabus, is MBA Marketing easier than MBA Financial Management?

Ans. According to students, the MBA Marketing curriculum is simpler than the MBA Finance curriculum. The MBA Finance syllabus makes extensive use of statistics and mathematics, making it difficult.

Ques. How does the MBA financial management curriculum differ from the CFA level 1 curriculum?

Ans. The primary distinction between the CFA level 1 syllabus and the MBA Financial Management syllabus is that the CFA syllabus focuses on management and investment skills, whereas the MBA Financial management syllabus focuses on finance, human resource accounting, and marketing skills.

Ques. What are the UGC NET subjects and syllabus for MBA financial management?

Ans. Management, Accounting and its principles, Strategy Management, Statics, and Entrepreneurship Development are among the subjects covered by the UGC NET syllabus. These subjects include Business Ethics & CSR, Human Resource Management, Financial Statement Analysis, Portfolio Management, Strategy Formulation and Implementation, International Marketing, and Business Innovations, among others.

Ques. Is math part of it? This is a question I'm asking because I'm only average at math.

Ans. Yes, Mathematics is a required subject in the MBA Financial Management curriculum. Mathematics is an important and integrated part of the MBA Financial Management syllabus because there is a lot of coursework that requires Maths, but if you have a basic understanding of Maths, you can easily manage to study MBA Financial Management.

Ques. What finance courses should one take (preferably online) if they want to specialise in finance during their MBA?

Ans. Candidates who want to specialise in finance during their MBA can take courses in cryptocurrency trading, MS Excel, particularly macros, and basic blockchain concepts. They can also study Corporate Banking, Equity Research, Economics, Financial Instruments, and other topics through popular e-learning platforms such as CFA, FLIP, and NCFM.

Ques. What is the best online course to take after completing an MBA Finance Management?

Ans. The Chartered Financial Analyst (CFA) programme is regarded as one of the best courses to pursue after completing an MBA in Finance. Other useful courses include Certified Public Accountant (CPA) certification, Chartered Alternative Investment Analyst (CAIA) designation, Certified Financial Planner (CFP) designation, and Financial Risk Manager (FRM) certification.

Ques. What is the starting salary of a normal college MBA financial management graduate?

Ans. In India, the starting salary for a candidate with an MBA Financial Management from a regular college ranges from INR 2,80,000 to INR 5,00,000 per year.

Ques. What free online certification courses are available for MBA financial management students?

Ans. MBA Financial Management students seeking free online certification can enrol in a variety of online courses. The following are some of the courses:

  • Yale University's Financial Markets course is available on Coursera.
  • MIT's Finance Theory 
  • Introduction to Corporate Finance by Columbia Business School via edX Finance for Everyone: 
  • Smart Decision Tools by University of Michigan via edX History of Corporate Finance in a Nutshell by Alison.

Ques. Is it worthwhile to pursue an online MBA in the United States? As an engineer, which MBA stream (finance, marketing, etc.) will provide me with good opportunities in the future?

Ans. As an Engineer, you can pursue an online MBA in Finance rather than an MBA in Marketing. Candidates with an engineering background can do well in finance, whereas good communication skills are required in marketing. Streams can be pursued based on one's interests. Following an MBA in Finance, there are numerous job opportunities such as Financial Analyst, Portfolio Manager, Financial Auditor, Banker, and so on.

Ques. What is the typical MBA financial management fee?

Ans. The average annual fee for an MBA in Financial Management in India ranges between INR 1,10,000 and INR 7,00,000.

Ask your question

Answered Questions

SB

Shurti Bansal

24 May 22

IIM Rohtak is a good option for an MBA in Finance. It has a good ecosystem for Finance specialization. Every year, many students clear CFA Level 1. 

The institute has a good faculty base.  The student crowd is competitive. You will share classrooms with talented peers. The peer group is pretty diverse as well. There are people from different academic and cultural backgrounds.  

During IIM Rohtak placements 2022, around 6% of students got placed in the finance sector.  The average CTC for this year was INR 16.06 LPA. 

...Show More

SM

Shekhar Mukharjee

25 May 22

Department of Financial Studies, Delhi University is a good option for students interested in hard-core finance studies. The MBA (FM) is a sought-after degree. If you aren’t getting admission into major league colleges, DFS can be a good alternative.

It is CFA affiliated and you can get scholarships for pursuing CFA degree. It offers good ROI. DFS Delhi MBA fees are only INR 26,000. While the average CTC is 13 LPA. 

...Show More

TJ

Tanisha Jain

27 May 22

NL Dalmia placements are good for MBA in Finance. During 2022 placements Finance was the top sector recruiting students. Students received an average CTC of INR 6.5 LPA. The highest CTC offered in this sector goes up to INR 13 LPA. Some of the major recruiters from the Finance sector are Crisil, HDFC, Amul, City Bank, etc. 

...Show More

VM

Vedashruti Mukharjee

06 Apr 22

If you aren’t sure about specialization, choosing IIT Kharagpur MBA is better. The institute has a great management faculty base. The institute offers good placement opportunities in the Operations domain. During VGSoM IIT Kharagpur placements 2021, the Operations sector had the second-highest placement rate, i.e. 20%. The average CTC for the batch was INR 18.44 LPA. 

...Show More

TC

Tanuj Chandra

16 Feb 23

IMT Ghaziabad consistently ranks amongst the top 20 MBA colleges in the country. In terms of exposure, you will have the opportunity to interact with good visiting faculty and your batchmates will be people who have ranked amongst the top percentile in CAT. The college also has a vibrant campus life with lots of extra-curricular activities. However, like all private-funded colleges, there are certain seats allotted to the management quota.

When considering attending IMT Ghaziabad, it is important to consider your career goals. If you are looking for a pure finance role (PGDM) in front-end Investment banking or PE, IMT Ghaziabad may not be the best fit, as core finance roles are limited. However, there are opportunities for corporate finance jobs and banks visit campus for recruitment.

...Show More

AR

Akash Roychowdhury

08 Jun 21

Before joining any college it's better to perform some research on it. The foremost thing is you need to know all the placement details from alumni or the students who are currently studying in that college. Don’t choose a college based only on their advertisement.

Dalmia NL, SIES (MMS), and Welingker(PGDM) all these colleges are well-reputed institutions in Mumbai for management studies. I have friends pursuing their studies at these colleges. Based on what I heard, I will say N L Dalmia is the best college among these three. It has better placement records, ranking, and reputation.

  • For Finance specialization, N L Dalmia has a limited student intake, i.e. 60 seats.
  • Additionally, the institute has Mumbai's first Bloomberg Finance Lab.
  • It has a placement average of 100%. The average package for placement in the finance stream is around 6.5 lacs, while the highest package offered is above 13 lacs.

So, N L Dalmia is definitely a better choice. But before making a decision, do your own research first.

...Show More

SG

Samarth Gaur

06 Jan 23

FORE and KJ Somaiya are both excellent. The curriculum is designed in consultation with industry leaders and the growing demands of the industry as an ongoing process at FORE, making it relevant to the workplace. FORE has a strong connection with the corporate world and is a preferred destination for recruiters because it provides value to the recruiter as well. The average CTC offered by both institutes is nearly identical - FORE: INR 14.04 LPA & KJS: INR 12.28 LPA.

If you are not from Mumbai, you must also consider the cost of living. Delhi/NCR is always less expensive than Mumbai.

...Show More

PM

Piyush Malawat

23 Apr 21

One of my relatives who used to be a student of SCMHRD feels that the course is directly proportional to the quality or effort of the students who are a part of it.

He has shed some light on the following:

  • Academics: The course curriculum can be a tad gruesome and it has more to do with finance as all the students are prepared to tough it out in finance. They will take some other specialization if not finance. So he advises the students and would-be students to prepare themselves. The course structure is similar to the standards of the industry and also on equal footing with other colleges of repute.
  • Placements: Major banks like ICICI, Citibank, AXIS, HDFC, etc come to the institute for placements. They may offer positions like relationship managers or credit analysis, etc. They can also offer positions like equity research in HSBC, verity solutions, credit analysis in JPMC, DE Shaw, etc. You will be able to choose from a wide range of domains.
  • Faculty: One of the teachers was CFA/FRM qualified. She had completed her CA, MBA, Ph.D., and was a banker.
  • Background: Most of the candidates are from an engineering background. Some are from the CA background, BBA, and also from the commerce background.

The institute also provides a good platform for appearing in various events of the institute and corporate events. It can be a good way to stand out from the crowd.

...Show More

MC

Mousumi Chaterjee

24 May 21

Between the colleges you mentioned in the question, IFIM is better for an MBA in Finance. I know a few people from the institute and they had good things to say about the program. 

Here’s a brief highlight of the same which can give you an idea about the course. 

Average CTC

10.2 LPA

Highest CTC

16 LPA

Course Fee

12 LPA

Apart from the institutes mentioned in the question, there are many other management institutes that can be a better option for an MBA in Finance. 

If you are looking only for Finance specialization, there are some really great management institutes offering banking and management courses such as Symbiosis, Jain University, Times Pro, ITM, etc.

...Show More

AB

Ankit Bhansali

03 Mar 23

Both the options you mentioned, IMI Delhi PGDM and IMT G Finance are good in their own individual aspects. So you should rather be asking which is better for you. Now this depends on what you really want from your PGDM. By choosing PGDM Finance you will limit yourself only to the Finance sector, whereas a PGDM core will give you a chance to explore various domains before selecting your specialization. The former is a good option if you are certain about your interest in Finance and want to excel in that sector no matter what while the latter is good if you are open to all options.

Talking about IMI Delhi in general, the B School offers an abundance of opportunities through student bodies and other student driven activities. Moreover the additional locational advantage is what makes it a fairly good option. The batch size is also not too big and thus balances the student teacher ratio.

Placements are pretty decent at IMI Delhi. The IMI Delhi average package (overall) offered during 2023 placements was INR 17.01 LPA. For PGDM, PGDM (B&FS), and PGDM (HR) the average package stood at INR 17.20 LPA, INR 16.48 LPA, and INR 15.58 LPA, respectively.

The primary highlight of the B School is its student exchange program wherein students from foreign universities join the B School for a fixed period while students from IMI Delhi visit a foreign university in exchange.

All these factors make IMI Delhi a very good choice in comparison to IMT G.

...Show More

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