Introduction to Financial Management
Financial Management basically deals with planning, organising and controlling the finance activities such as procurement and utilisation of funds of the enterprise. It means applying general management principles of financial resources of the enterprise.
Financial management is as important in business as production and marketing. A business firm requires finance to commence its operations, to continue its operations and for expansion or growth. Financial management plays a crucial role in survival of a firm in the extremely competitive markets.
Few lines about MBA Finance Management
MBA Finance Management is a 2-years postgraduate course that is divided into 4-semesters. The course aims to produce skilled professionals for managerial and related positions in the finance industry. The course involves the study of analytics, budgeting, organisation and monitoring of finances.
The course serves students seeking comprehensive technical knowledge of derivatives pricing, asset management. Financial engineering course furnishes the students with foundational knowledge in financial concepts.
Eligibility
The students who have completed their degree in any stream with 50% aggregate from recognised university are eligible to apply for MBA Finance management course.
Admission Procedures
The students can take admission to MBA Finance Management by two modes. The first one is merit-based admission and second one is direct admission.
Merit Based Admission
The students interested in merit-based admission for MBA Finance Management course are required to appear for entrance exams conducted at national and international levels. The students also have to appear and qualify these entrance exams in order to get merit admission to MBA course.
| Name of Exam | Conducting Authority | Month |
| CAT | Indian Institutes of Management | November |
| SNAP | Symbiosis Institute of Management | December |
| PGCET | Karnataka Examinations Authority (KEA) | July |
| ATMA | Association of Indian Management Schools | May |
| NMAT | Graduate Management Admission Council | October |
| MAT | All India Management Association | June |
| XAT | Xavier School of Management | December |
Direct Admission
The students have another option of getting admission to MBA Finance Management course by direct admission process. Under this mode of admission, the students are given direct admission to their desired colleges and deemed or private universities under management quota. The direct admission students enjoy many special privileges like that they are not required to apply for any entrance exam for getting admissions. They have an option to choose their desired colleges and universities and book their seats in advance even before the starting of the academic year. The students who are interested in direct admissions are required to contact Galaxy Educational Services for more details.
Course Curriculum
The students of MBA Finance Management will be studying the following subjects during course duration.
| Sl No | Subjects of Study |
|---|---|
|
1. |
Management Theory and Practice |
|
2. |
Organisational Behaviour |
|
3. |
Accountancy for Managers |
|
4. |
Management Economics |
|
5. |
Managerial Economics |
|
6. |
Statistics for Managers |
|
7. |
Marketing Management |
|
8. |
Financial Management |
|
9. |
Human Resource Management |
|
10. |
Operations Management |
|
11. |
Research methods for Business |
|
12. |
Operations Research |
|
13. |
Strategic Management |
|
14. |
Financial Markets, Treasury & Risk Management |
|
15. |
International Financial Management |
|
16. |
Strategic Cost Management |
|
17. |
Entrepreneurship |
|
18. |
Security Analysis and Portfolio Management |
|
19. |
Derivatives Management |
|
20. |
Financial Analysis and Reporting |
|
21. |
Management information Systems |
|
22. |
International Management |
Career & Scope
There is huge demand for MBA Financial Management course students. They are largely hired in financial institutions, banks, stock markets, etc.
Salary & Emoluments
The fresh MBA Financial Management students will be earning around 5 lakhs to 10 lakhs per annum. The experienced professionals will be earning around 10 lakhs to 20 lakhs per annum.
Top Organisations hiring MBA Financial Management
Some of the top organisations hiring MBA Financial Management are:
- Accenture
- IBM
- Wipro
- Capgemini
- Cognizant
- Infosys
- TCS
- Ernst & Young
- Goldman Sachs
- JP Morgan Chase
Placement Opportunities
Some of the important job roles are:
Financial Controller: A financial controller directs the day-to-day financial functions of an organization in addition to forecasting its financial future. In addition to managing cash flow, overseeing budgets, preparing financial statements and submitting required reports to regulatory agencies, a controller is often called upon to provide input on both short-term and long-term business decisions.
Insurance Manager: An insurance manager, also known as a risk manager, assesses an organization's financial health with regard to its liability and potential for loss, as well as oversees its insurance policies and insurance-related transactions. An insurance manager is expected to provide analysis of business decisions from a risk perspective, stay abreast of industry regulations and give advice regarding potential litigation.
Bank Manager: The bank managers at banks and financial managers at financial institutions, such as commercial banks and credit unions, oversee the services that banks provide to their customers. Responsibilities include approving loans, issuing mortgages, directing investment funds, understanding federal regulations and managing electronic banking services. Bank managers are employed both in corporate offices and in bank branches.
Investment Manager: An investment manager analyses financial markets and advises individual and corporate investors on the selection of securities and assets, such as stocks, bonds and real estate. Also known as a fund, wealth, portfolio or asset manager, an investment manager is expected to have a thorough knowledge of domestic financial markets, global financial markets and investment funds.
Final Lines
The MBA Finance Management students are considered as highly skilled professionals in the finance industry. They are usually hired in top managerial positions in the financial organisations. The skilled MBA finance management students are highly paid and can expect excellent career growth in the field. The students with a passion towards finance management can join this course.