Money is like fuel for the corporate industry. All processes and aspects of business involve the transfer of funds and capital and thus it becomes highly essential to gather not just extensive knowledge, but also practical working of finance. Typically the large amount of money involved is very volatile and subject to jump from one sector to another and thus MBA financial management becomes essential.
What is an MBA in Financial Management?
MBA financial management incorporates theory related to management and optimization of investments and monetary resources involved in the working of a business. The course introduces and highlights the importance of management of money and view it as an investment, also cultivating analytic and managerial skills to forecast economic trends.
Colleges like NIET and the prestigious IIMs have a detailed and efficient course structure that is crafted to take the student on a journey towards a greater, in-depth understanding of managing the finances of a company.
Why should you do an MBA in Financial Management?
If you are someone who loves management of assets and money in general and is passionate for as well as good at management and mathematics, MBA financial management might just be your thing! Apart from the salary hike which MBA brings, this course also makes sure that you hone your skills not only on paper but also in practice.
Colleges like NIET and XLRI equip you with ample hands-on experience to kickstart the exponential growth which shall follow. Knowledge of financial management opens up a lot of avenues for an aspirant.
Career Paths after an MBA in Financial Management
From Investments to Entrepreneurship, here are some of the career paths you can choose after graduating with the degree:
- Relationship Manager
- Financial Analyst
- Account Manager
- Bank Manager
- Equity Research Analyst
- Research Analyst
- Investment Banker
These career paths are high in demand and promise a great career curve. Management as a skill, in general, is not just extensive theory and ideas but mostly practical application. MBA- financial management especially follows the approach to chisel out the necessary tools. Rahat Bahra University and NIET provide that margin for growth through learning from experience derived from the texts.
Eventually, it comes down to how you apply what you learn and it is especially true for management courses. Some of the key skills which one can develop are:
- Analytical thinking
- Accounting skills
- Business intelligence
- Communication
- Commercial acumen
Top 3 colleges for an MBA in Financial Management
It becomes important to step the first foot in the right direction and a good college carries you all the way. From theory and ideas to getting placed in a good company, a good B-school is the head start you need for your career. With a number of factors to assess on and hundreds of options on the list, it becomes pivotal to do a thorough analysis before making a decision. The top 3 colleges for MBA financial management are:
- NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES, MUMBAI- Located in the financial capital of the country, NMIMS is one of the most prestigious colleges in India. Ranked 4th for Private MBA by Outlook 2020, the college is known for its highly detailed and specialized course structure, covering all aspects like corporate finance, insurance, and risk management. The institute conducts its own screening test- the NMAT and creams out the best talent, only to hone their skills and create future professional leaders of the industry.
- SP JAIN INSTITUTE OF MANAGEMENT AND RESEARCH, MUMBAI- The institution provides one of the best classroom experiences for its students. The emphasis on experiential learning through the hands-on implementation of key concepts creates a space where talent nurtures creativity. Their course structure is one of the best as it is constantly upgraded to match the market needs. MBA financial management is their forte with companies like Goldman Sachs, BCG, and RBS visiting for campus placements.
- NIET, NOIDA- With one of the best faculty and infrastructure, NIET is one of the best colleges for PGDM and MBA financial management. The faculty is world-class and imparts knowledge that stretches beyond the conventional classroom, more so cultivating an interactive environment for the students, which is reflected in their placement records. It also introduces students to global finance seminars, expanding their horizons and promoting independent thought.
Conclusion
There is always demand for financial management professionals as every organization’s foundation lies in money and investment to grow their business and foster profitability. Colleges like NIET and XISS, Ranchi are prime centres to kindle key financial skills various MNCs are looking for!
