MBA in Wealth Management is a 2- year full- time course divided into 4 semesters, with each semester lasting a period of 6 months. Wealth management is a sophisticated  professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning for one set fee.

Clients work with a single wealth manager who coordinates input from financial experts and subsequently includes coordinating advice from the client's own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities. Wealth management is more than just investment advice, as it encompasses all aspects of an individual’s financial life.

The underlying idea of the concept of wealth management is that rather than trying to integrate pieces of advice and various products from a series of professionals, individuals with high net worth benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own or their family's current and future needs.

While the role of a wealth manager is to provide services in aspects of the financial field, some choose to specialize in particular areas. This may be based on the expertise of the wealth manager in question or the primary focus of the business within which the wealth manager operates.

The average annual course fee in India ranges between INR 35,000 to 1,40,000, depending upon the institute offering the course. The basic eligibility criterion to pursue the course is graduation completed from a recognized university with a minimum aggregate score of 60%.

The average annual starting salary offered in India to successful postgraduates of the course ranges between INR1 to 9 lacss depending upon the candidate’s expertise in the field.

MBA in Wealth management: Career Prospects

Professionals of the course are exposed to a variety of business, strategy and market- related assignments, and trained in the requisite skills needed for asset management and delivery of estate and trust services to affluent clients around the world. Generalists of the discipline dabble in a number of business units including RBC Global Asset Management, RBC Dominion Securities and other emerging markets divisions.

Enrolled students are trained in leadership, problem-solving and communication skills, and offered practical training and coaching from industry leaders.

Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.

JOB POSITION	JOB DESCRIPTION	AVERAGE ANNUAL SALARY IN INR
Investment Analyst	Investment Analysts are responsible for providing stockbrokers, fund managers and stock market traders with financial information, advice and recommendations derived from global investment data.	INR 5,28,000
Wealth Manager	Wealth Managers are responsible for functioning in a wide range of fields, such as financial planning, investment management, and financial advice on pensions, trusts, inheritances, and tax bands. Often, wealth management services are offered by high street banks with the aim of attracting high-value customers.	INR 8,54,000
Relationship Manager	Relationship Managers are responsible for primarily dealing with individual retail customers and advising them on various banking and financial products and services offered by the bank. A wholesale Relationship Manager would be catering to the corporate clients like SME's or large corporations.	INR 3,83,000
Equity Analyst	Equity Analysts are responsible for providing analyses on securities information to Portfolio Managers to aid in the investment process. The purpose of the research is to aid in trading strategies and portfolio selection.	INR 3,97,000
Senior Investment Manager	Senior Investment Managers are responsible for providing research and information to help traders, fund managers, and stock brokers make decisions about investments. The information they provide ensures investment portfolios are well managed and that potential investment opportunities are highlighted. Some analysts work for investment management companies, providing information to in-house fund managers, others work for stockbrokers and investment banks, where their research is needed by Portfolio Managers or by clients who make their own investment decisions.	INR 1,80,000