Why should one go for MBA in Finance specialization:
exaggeration that Finance is one of the most popular specializations within Master of Business
Administration programs. MBA in Finance is often treated as the sure shot way of securing a
stable, high-paying and lucrative career that offers excellent employment opportunities and
preferential lift to climb the corporate ladder. For those seeking a career that deals with money,
an MBA specialization in finance can prove to be invaluable.
Finance is a field that deals with the study of investments, the dynamics of assets and
liabilities over time under conditions of different degrees of uncertainty and risk.
Finance can also be defined as the science of money management. A key point in finance is the time
value of money, which states that purchasing power of one unit of currency can vary over time.
Finance aims to price assets based on their risk level and their expected rate of return.
Finance sub-categories:
Public finance
Corporate finance
Personal finance
Scope of MBA in Finance:
Finance as a subject involves the management, control and review of the collection, investment and resources of money as a capital required for an industrial building, plant and working.
MBA in finance programmes provide knowledge about fundamental financial concepts like corporate
finance, budgeting, costing, international finance, investment & securities and working capital
management. Apart from this, MBA in Finance students are also trained in the skill of analytical
thinking, concepts of making managerial financial decisions, striking a balance between risk and
profitability and evolving financial consolidation process for different business models.
Roles offered to a person with MBA in Finance:
Job Profiles
Financial Manager Many companies want financial managers with an MBA, as these candidates tend to have the analytical abilities and software knowledge required to do the job. Financial managers oversee a company’s financial condition, preparing or reviewing financial reports, analysing trends and advising the top management personnel on finances and profits.
Financial Advisor -- Financial advisors provide investment, retirement, tax and insurance guidance
for clients, including financial goals or investment strategies. This option is especially
tempting for those who want to be their own boss, as one fourth of them are self-employed.
Investment Banker -- The main role of a corporate investment banker is to advise companies,
institutions and governments on how to achieve their financial goals and implement long and
short-term financial plans. Investment bankers help their clients raise money in capital markets
by issuing debt or selling equity in the companies.
Corporate investment bankers provide a range of financial services to companies, institutions and
governments. They manage corporate, strategic and financial opportunities, including:
- mergers
- acquisitions
- bonds and shares
- lending
- privatisations
- initial public offerings (IPOs)
strategic advice to clients, and identify and secure new deals.
Risk Manager Risk managers work with companies to assess and identify the potential risks that
may hinder the reputation, safety, security and financial prosperity of their organisation. Risk
managers or analysts specialize in identifying potential causes of accidents or loss, recommending
and implementing preventive measures, and devising plans to minimize costs and damage should a
loss occur, including the purchase of insurance. Risk managers advise organisations on any
potential risks to the profitability or existence of the company. They identify and assess
threats, put plans in place for if things go wrong and decide how to avoid, reduce or transfer
risks.
Risk managers are responsible for managing the risk to the organisation, its employees, customers,
reputation, assets and interests of stakeholders. They may work in a variety of sectors and may
specialise in a number of areas including:
- enterprise risk
- corporate governance
- regulatory and operational risk
- business continuity
- information and security risk
- technology risk
- market and credit risk
Wealth Manager Most often employed by banks and various types of investment firms, wealth
managers provide financial planning services and investment advice to high net worth individuals.
The essential goal of any wealth manager is to sustain and increase the long-term wealth of their
clients. Since wealth management primarily involves capital custodianship, successful
professionals must possess excellent financial instincts, advanced calculation skills and the
ability to plan for future market advances, disruptions and downturns.
Asset Manager The primary function of the Asset Manager is to assist in all aspects of the
administrative, financial, capital and operations of the assigned portfolio.
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