MBA in Finance: All you need to know
4 min read
“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” -T.T. Munger
Money is one of the most important resources in today’s world. It is the universal fuel that runs the engines of all machinery in the world. Management of money and assets has become one of the primary needs of all businesses and individuals. MBA in Finance introduces an individual to what goes behind the scenes, how money and assets are exchanged and moved around, and how a company utilizes their resources to maximize profit.
Importance of studying finance
Finance is one of the most diverse fields of study. Money can never be independent in a system; It is always affected by global and local factors, beyond the control of any organization. As our hearts beat every minute, the prices of stocks and commodities vary in the global market. An MBA in finance introduces a student to the plethora of variables in the economics and finance industry and how one can predict, analyse and optimize different financial factors that affect an organization. Colleges like GD Goenka University develop aspiring students in the most effective and efficient manner.
It’s important to understand how the industry functions to learn the skills which are essential to survive in this dynamic sector. More than concepts, experiences and practical exercises help a student understand the industry better. Businesses are experiencing rapid changes as technology takes hold of all processes and the lines between global and local markets get blurred. It is therefore essential to keep updating the curriculum of MBA in finance according to the feedback with industry standards and professionals.
Colleges like GD Goenka University and the prestigious IIMs are known for their MBA in finance. These institutions instil important and relevant skills in students and help create a better platform for the growth of the finance sector.
MBA in finance: Skills and Syllabus
Finance is such a diverse field that mastering it completely takes years of experience and work. The exciting part is that an MBA in finance can help start your journey by inculcating fundamental skills and experience. The course equips students with major financial skills, decision-making, investment, international finance and working capital administration. The different skills that an MBA in finance builds in a student are:
- Analytical thinking
- Accounting skills
- Business intelligence
- Business communication
- Commercial acumen
- Risk management
- Financial modelling
- Asset management
- Stock market
- Investment analysis
Finance is all about numbers, and numbers are subject to change. There are an infinite number of possibilities and thus, practical experience is the only way a professional can come close to mastering the field of finance. Colleges like GD Goenka University provide practical training seminars, workshops, and internship opportunities for students, and help create better future professionals.
Colleges to look out for
MBA in finance demands a lot of consistency and hard work from students. A good college is essential to bridge the gap between desire and achievement. The various aspects on which a college can be graded are infrastructure, faculty, placements, fees, alumni and course structure. In combination, these factors become important while judging which institution to trust with your career. The top colleges for MBA in finance are:
- INDIAN INSTITUTE OF MANAGEMENT, BANGALORE- One of the top management colleges in the country, IIM-B provides one of the best finance programs. The college also offers amazing placements for an MBA in finance with an average salary of close to 25 LPA. More than India, its name and glory are spread throughout the globe. IIMs hold CAT every year for admissions to PG management programs and if you’re someone looking for skyrocketing growth and global business exposure, you know which direction to run in!
- GD GOENKA UNIVERSITY: One of the top colleges when it comes to infrastructure and teaching faculty. The college hosts a variety of guest faculty from around the globe. The experience and skill sets of teachers are passed onto the students by the means of a robust course curriculum. The placements are consistently high and the campus hosts a lot of top MNCs from around the world.
- JECRC COLLEGE – With the best faculty and infrastructure, the university is one of the best colleges for MBA. The college has a world-class faculty that imparts knowledge stretching beyond the conventional classroom, cultivating an interactive environment for the students which is reflected in their placement records.
Conclusion
Finance is one of the top courses when it comes to management studies. The scope of growth and chances of bagging a high-paid job is extremely high. One must choose a good college, expose themselves to practical experience, and keep growing in the right direction!
