“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
– Paul Samuelson
If the world is a race car, then the money is the fuel. In the modern age, when technology is growing by the second, people are no longer alien to new ideas and cultures and everything is connected, money becomes very volatile. For businesses and the commercial sector, its importance is manifold.
An MBA in finance imparts concepts and ideas related to management, control, and optimization of investments and resources of money which are a part of the commercial chain. The course opens up an individual’s perspective on money as an investment and teaches analysis of the company’s resources and forecast economic trends. Colleges like NIET, Noida, and Assam Down Town University have a detailed and efficient course structure to imbibe these traits in aspiring students.
What are the career options in an MBA in Finance?
The two-year program becomes essential to calibrate analytical and statistical skills with a pinch of passion for money to bring forth a professional equipped with all necessary skills to manifest a career in corporate finance. Apart from a salary spike, career options which open up their doors after an MBA in finance are:
- Financial Analyst
- Relationship Manager
- Account Manager
- Bank Manager
- Equity Research Analyst
- Research Analyst
- Investment Banker
MBA in Finance – Skills you are equipped with
These career options demand skills which an MBA in finance develops through not just extensive theory and ideas but creating a space for practical application, thus leading to a more foundational approach to chisel out the necessary tools. The prestigious IIMs and NIET Noida provide that margin for growth through learning from experience derived from the texts.
Some of the skills which an MBA in finance nourishes and caters to are:
- Analytical thinking
- Accounting skills
- Business intelligence
- Commercial acumen
Top Colleges for an MBA in Finance
It’s pretty obvious that a good college is essential for a bright career in commercial finance and it’s important to choose wisely according to one’s prerequisites. With a number of factors to assess and hundreds of options on the list, it becomes pivotal to do a thorough analysis. Don’t fret, we have narrowed it down and listed the top 3 colleges for an MBA in finance.
- 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 in finance is their forte with companies like Goldman Sachs, BCG, and RBS visiting for campus placements. Also Read – MBA Students receive training in Digital Marketing.
- NIET, NOIDA- With one of the best faculty and infrastructure, NIET, Noida is one of the best colleges for PGDM and MBA in finance. 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.
After an MBA in finance students qualify as candidates to be considered for employment in organizations that are heavily inclined towards finance, like Genpact, E&Y, Morgan Stanley, and RBS. Moreover, there is a high demand for financial management professionals as every company’s foundational focus lies in financial intelligence and stability to grow their business and foster profitability. Colleges like NIET, Noida, and XISS, Ranchi are prime centers to kindle key financial skills these companies value.
There is no doubt in the possibilities this course promises and if you’re someone who wants to explore the world of finance and management, an MBA in finance from a good college is the place to start!