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Jagpreet
06 March, 2023
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MBA in Financial Management is a post-graduate programme focused on managing a company’s finances and accounts to achieve specific financial objectives. This programme equips students with a thorough understanding of pricing, asset management, risk management, and financial planning.
Financial management can be an excellent career choice for students with a solid financial background and analytical abilities. Pursuing an MBA in Financial Management can lead to various career opportunities, including pursuing a PhD in fields like Finance and Management.
The curriculum of an MBA in Finance covers a range of subjects, including financial management, financial planning, and cost of capital. During the programme, candidates learn how to apply theoretical knowledge to real-world financial and trading scenarios.
MBA Financial Management involves the study of analytics, budgeting, and financial monitoring. Therefore, it requires comprehensive data evaluation, logical analysis, and proactive decision-making skills. It is a specialised field within the larger umbrella of the MBA course.
Financial Management refers to creating plans to ensure the synchronisation of all departments within a business. The Financial Management Team in a company is responsible for developing long-term investment plans, preparing expense reports, and allocating budgets to ensure smooth operations and profitability.
Let’s look at some of the top benefits of pursuing Financial Management.
Enrolling in a Financial Management programme can open up a promising career path. Financial management professionals have numerous job opportunities in various industries as all types of businesses require effective financial management to thrive.
The Financial Management industry offers substantial opportunities for highly skilled professionals. Moreover, the field has witnessed significant technological advancements, including AI-backed tools and applications that facilitate financial market analysis and accurate trend prediction.
There is an immense demand for financial experts in domestic and international settings. For example, multinational corporations constantly need skilled accounting and financial professionals who can transform losses into profits. Hence, most finance graduates find quick employment opportunities in such organisations.
As a broad industry, the finance sector provides various integrated roles and specialisations across different divisions to cater to professionals’ diverse interests and strengths. Individuals can choose from multiple options, such as Personal Financial Planning, Investment Banking, Corporate Management, Intermediary Management, and more.
Financial Analysts and Advisors are in high demand and are paid well for their services.
The rapid pace and constant change in the finance industry will keep you engaged and excited. This career is a never-ending learning experience, bringing new challenges and opportunities to grow every day. In addition, the industry is characterised by continuous innovation, and analytical performers can quickly make a name for themselves.
To comprehend the scope of Financial Management, it is crucial to be familiar with four factors that Financial Managers consider while making decisions in an organisation. These factors include investment, financing, dividend, and Liquidity Decisions.
A Financial Manager must decide how to obtain sufficient funds to meet the firm’s requirements. This involves determining the appropriate balance between equity and debt, known as the firm’s capital structure. As a Financial Manager, you must strive to achieve an optimal capital structure while making financing decisions. An optimal capital structure is one in which the market value of shares is maximised.
As a Financial Manager, you will play a critical role in deciding the most suitable investment options based on the available finance, considering both long-term and short-term considerations.
Long-term investment decisions, also known as Capital Budgeting, involve selecting the most appropriate investment proposal(s) by evaluating various factors to determine the one that aligns with the company’s goals and plans.
On the other hand, short-term investment decisions involve selecting the best use of funds in the short run, such as managing current assets.
Financial Management also encompasses the decision-making process related to dividend distribution. As a Financial Manager, you will have to evaluate various factors and determine the best course of action, such as distributing profits among shareholders, retaining them for future use, or distributing a specific portion and returning the rest to the company.
Effective management of current assets is essential to maintain the profitability and liquidity of a firm. As a Financial Manager, your responsibility is to efficiently manage all existing assets to protect the firm from illiquidity risk.
This involves identifying and implementing the most appropriate techniques for current asset management, ensuring that funds are available when needed.
Distance MBA in Financial Management is a popular choice for working professionals who want to enhance their career prospects in Finance. This programme is designed to provide a comprehensive understanding of financial management principles and practises and develop analytical and decision-making skills.
Pursuing a distance MBA in Financial Management can offer several advantages to students, namely:
A distance MBA in Financial Management can equip you with various essential skills for your career. These skills can include improving your accounting abilities, effectively managing cash flow, making smart investment decisions with capital, and much more.
Furthermore, pursuing this programme can help you acquire the necessary knowledge and expertise to become a successful financial manager while advancing your career prospects in the finance industry.
An online and distance-learning MBA in finance is an option for individuals seeking to pursue a career in financial management while still working. This allows working professionals to enhance their skills and knowledge while continuing to earn a living.
A distance MBA in Financial Management can be a more cost-effective option compared to a regular degree. Since the programme is delivered online or through distance learning mode, students can save on commutation, accommodation, and campus fee. Additionally, many universities and institutions offer financial aid, scholarships, and flexible payment options to help students finance their education. This makes it an attractive option for those pursuing an MBA in Finance without breaking the bank.
A significant benefit of pursuing a distance MBA in Financial Management is the flexibility it offers. As a distance learning programme, it allows students to study from anywhere, as long as they have access to the internet.
This flexibility is particularly advantageous for working professionals who may not be able to attend on-campus classes due to their work schedules or other commitments. It enables them to balance their work, personal life, and education without compromising.
This online degree programme can open up diverse career opportunities in the public, private, and international business sectors, making it a rewarding choice for aspiring professionals.
| Semester I | Semester II |
|---|---|
| Management Theory and Practice | Business Communication |
| Organisational Behaviour | Essentials of HRM |
| Marketing Management | Business Law |
| Business Economics | Strategic Management |
| Financial Accounting & Analysis | Operations Management |
| Information Systems for Managers | Decision Science |
| Semester III | Semester IV |
|---|---|
| Cost & Management Accounting | Strategic Financial Management |
| Taxation – Direct and Indirect | International Finance |
| Capital Market and Portfolio Management | Financial Institutions and Markets |
| Strategic Cost Management | Business: Ethics, Governance & Risk |
| Corporate Finance | Research Methodology |
| Marketing of Financial Services | Project |
| Job Role | Description |
|---|---|
| Financial Analysts | A Financial Analyst is responsible for tracking market trends and analysing the factors that impact them to help their company make informed investment decisions. |
| Credit Risk Analysts | A Credit Analyst evaluates the creditworthiness of clients by analysing financial and credit data to identify and mitigate potential risks. |
| Chief Financial Officers (CFO) | The most crucial position in a company is that of the CFO, who manages the organisation’s finances and oversees financial reporting. |
| Management Consultants | A management consultant offers advice and insights to improve the management and growth of a business or organisation. |
| Finance Managers | A Finance Manager is tasked with various responsibilities, including reviewing financial reports, monitoring accounts, and preparing activity reports and economic forecasts. |
| Job Role | Salary |
|---|---|
| Financial Analysts | 4 LPA |
| Credit Risk Analysts | 6 LPA |
| Chief Financial Officers (CFO) | 20 LPA |
| Management Consultants | 11 LPA |
| Finance Managers | 10 LPA |
Pursuing a degree in Financial Management can open doors to a rewarding and fulfilling career in the ever-evolving financial industry.
The increasing globalisation of businesses has created a demand for finance professionals who possess knowledge of international regulations and tax laws. In addition, the growing interest in sustainable finance and socially responsible investing has also opened new avenues for Financial Management Professionals to focus on ESG issues.
Hence, the future of Financial Management is promising and full of opportunities.
The course duration for MBA in Financial Management is 2 years.
Yes, a distance MBA in Financial Management is completely worth it. With the constant evolution of the financial industry, obtaining a specialised degree in Financial Management has become increasingly important. A distance MBA programme in Financial Management offers the flexibility to pursue higher education while balancing other commitments such as work and family.
The job of an MBA in Financial Management can vary depending on the specific role and industry. However, generally, they are responsible for managing a company’s financial resources, analysing financial data to make informed decisions, developing financial plans, and ensuring that the company remains financially stable and profitable.
Yes, an MBA in Financial Management has a broad scope. It equips graduates with the necessary skills and knowledge required to work in various roles in the financial industry, including Finance Management, Investment Banking, Financial Analysis, Portfolio Management, and Risk Management, among others.
MBA in Financial Management is relatively easy. However, like any other academic programme, it requires hard work, dedication, and a willingness to learn. With the proper study habits and discipline, anyone can complete an MBA in Financial Management.
