Importance Of MBA Finance:
The economy is on a boom currently, and there are multiple startups that are emerging. These companies require an efficient management and financial stability. A specialized degree in finance can prove to be beneficial as it involves management, control, and review of the collection, investment and resources of money as a capital required for an industrial building, plant, and management. The role of the financial manager is to take care of the fiscal and financial health of the company. They are key to planning and studying investments and long-term financial goals. They may at times advise on the company’s strategies and financial goals. By pursuing a specialized masters course in MBA Finance, you can increase your employability and value to the company.
The market is a very risky place and it is constantly fluctuating. Companies go into losses easily and it is difficult to maximize profit. Therefore, they require people who can study the market and make preemptive decisions to keep the company going. Since money drives the market, it is important that there are people who can understand and control the cash flow, profit-losses, and stocks of the company. In the current age, money and finance is the way to establish an industry. If a company cannot handle its finances, then it could topple down and they require people who are skilled to refrain that from happening.
What does a degree in MBA in Finance teach you?
MBA is a revered degree, especially when everything is controlled by money. Every business, whether big or small, requires an efficient management to ensure that everything is running smoothly. Business administration is a very important aspect of running a company and people who are post-graduates are preferred to work in such setups. There are two ways to approach an MBA, it could be specified or generic. However, a specialized MBA helps in directing your focus on one kind of field especially when the financial crisis is the biggest crisis that people can face in this day and age.
The course is usually of two years and could be done full-time or in correspondence. Many students prefer to continue working while pursuing their MBA Finance. It usually covers foundational subjects like economics, leadership, statistics, strategy, and marketing which are important to run a company.
What is the scope of Finance in India?
After pursuing a specialized MBA finance, there are multiple opportunities available to you. Every industry, private or public, profit or non-profit; requires a financial manager and analyst. You need to take steps to maximize profits, analyze company reports, take steps to maximize stock value, manage funds and investments.
Other jobs that you can take up include:
- Risk and Insurance manager
- Credit analyst
- Accounting Manager
- Investment banking
- Cash manager
- Chief Financial Officer (CFO)
- Vice President of Finance
- Finance director
Most of these profiles can bring you a package of Rs. 10-15 lakhs per annum. You can also further specialize in fields like taxation, tax planning, financial reporting and analyzing, insurance management etc.
The Indian financial market is constantly on the rise. With many governmental policies attracting foreign and Indian investment, the need for finance managers is on the increase. This is a boom period of startups and even though people have new ideas and business models, most don’t have enough financial acumen. The role of the finance manager is to guide such endeavors. The focus of MBA Finance is on theory and analysis, which is a necessary factor in the functioning or opening of a company. Some students even opt for further studies and conduct research in the economy.
A financial manager is beneficial not only to run a business but is also necessary to run a country. After completing your specialized MBA finance, you can also work for the governmental organizations or the Ministry of Finance that takes budgetary decisions. It is important that in such a volatile market, there are people who have the skill, caliber, and analytical skills to be a part of the budget.
There is a huge scope for finance in India or any other country for that matter. In a highly capitalized world, money and consecutively finance plays a crucial role in everything. Even a household cannot be run without handling finances and similarly, any business or industry, big or small, public or private, will always need highly qualified finance managers.