Blog Is Choosing An Mba In Finance Worth Making The Correct Career Choice?

Is Choosing An Mba In Finance Worth Making The Correct Career Choice?

Currently, the inflation rate is at its peak, and the cost of everything has gone up. We have to think twice before purchasing anything. As a finance candidate, you can easily understand how this increasing cost of everything is burning our pocket. So just completing graduation will not fetch you the high-ending job of your dream. You will not get a massive package. For that, one must have some special skills. To develop such skills, one must opt for some course. Then why not add skills which are high in demand? MBA in Finance is one such course. Before diving into the worthiness of an MBA in Finance as a career path. Firstly, let's understand what is MBA in Finance stands for?
MBA in Finance or Masters of Business Administration in Finance relates to concentration, especially in Finance. All Finance lovers can opt for this course and explore their core knowledge of Finance and upgrade their skills. It encourages the students to step up into the whole new opportunity of the finance world. They can explore their career in the financial market, investment banking, government sectors, cooperative world, etc. The whole course of MBA in Finance programs consists of theoretical and practical knowledge, enabling the students to understand each topic effectively and efficiently.
The coursework includes the following topics:

  • Investment strategies
  • Budgeting
  • Insurance
  • Taxation
  • Securities and portfolio management
  • Mergers and acquisitions
  • Cost of capital
Generally, MBA in Finance is a two-year full-time grad course. Some B-schools offer the system online or for a lesser duration based on experience and some conditions.

Reasons to join MBA in Finance:
  • The Demand for MBA in Finance is robust compared to other specialisations; a survey by GMAC (the Graduate Management Admission Council).
  • In the year 2021, globally, the B-schools has received more application for MBA in Finance. Thus, the course is high in Demand
  • Total enrolment in higher education in 2019-20 stood at 38.5 million in India as per the survey
  • The subjects help students develop leadership skills and join the organisation in a leadership role.
  • There is job security for MBA in Finance degree holders. This professional has to manage the cost and capital of the organisation, And this core requirement is necessary for all sectors of the organisation.
  • After obtaining the degree of MBA in Finance, the individual can explore numerous fields. It is pretty easy to switch between industries.
  • This program will help in understanding the importance of budgeting and develop skills related to financial management, time management and planning
  • There is a 90 per cent hiring trend for MBAs in Finance in 2021, up from 86% in 2019.
  • Industries demanding MBA in finance degree
  • MBA in Finance can opt to work in banking, non-banking, public or private sectors. Each organisation require a financial expert with diversified skills. Hence it implies that that job for MBA in Finance holder will always be in demand.
Industries where MBA in Finance is essential:
An MBA in Finance can implement his skills in any of the following industries:
  1. Credit Risk Management
  2. Private Equity
  3. Share market
  4. Corporate Finance
  5. Corporate Banking
  6. Credit Risk Management
  7. Derivatives Structuring
  8. Hedge Fund Management
  9. Treasury
  10. Investment Banker
  11. Corporate Banking
  12. Corporate Finance
  13. Asset Management
  14. Asset Management
  15. Private Equity
  16. Government sector
  17. PSU companies and banks
  18. Project finance
Career Opportunities For MBA:
Further, let's discuss career opportunities for MBA in Finance holders:
  • Financial Analyst,
  • Equity Research Analyst
  • Financial Consultant
  • Merchant Banker
  • Asset Manager
  • Project Financer
  • Manager,
  • Senior Business Analyst,
  • Senior Financial Analyst,
  • Relationship Manager,
  • Accountant
  • Accounting Manager
  • Credit Managers & Specialist
  • Finance Officers & Treasurers
  • Cash Managers
  • Investment Banker
These are a few listed jobs for MBA in Finance grads.

Skills developed during the course:
The most valuable and essential professional skills developed during the course:
  • Communication skills- Communication skills play a vital role when dealing with customers. Conveying the idea to the customer requires strong communication skills. Even financial consultants have to develop this skill.
  • Analytical Thinking: The professional must provide an intelligent and quick solution for the organisation's financial problems. This skill will help them analyse the problem and derive the perfect solution in minimum time.
  • Accounting Skills: The professional must have strong accounting knowledge to perform financial analysis, data interpretation, data management, budgeting, and cost management. This course will help to grasp accounting knowledge.
  • Business Intelligence: The MBA in Finance professional provide consultation and intelligent solution to stakeholders, which help them make a firm decision. For that, the individual must have a strong knowledge of the latest ERP software such as SAP or Oracle and business analytics.
There are many more skills developed during the course which will help the candidate to shine out.

ITM University Raipur:
The ITM University of Raipur, Chhattisgarh established in 2012 by the ITM groups of institutes. It renders a range of graduate and post-graduate programs. They are among the top colleges in Raipur. The college offers state-of-the-art facilities and technology to its students. Also, it guides industrial experts. The institute provides placements opportunity in leading companies and on-campus training for its students. They fully guarantee the building of students' careers from the beginning of the admission process till the end by offering placements.
ITM University Raipur has also earned a reputation as the best Business school in town. Among the courses offered are MBA in Finance, Human Resources, Marketing, and so on.

To pursue MBA, the candidate must fulfil some eligibility criteria, which are as follow:
The candidate must have obtained at least 50% marks aggregate from any stream. And the university should be AIU affiliated university.
ITM group accept the score of various entrance exam, they are:
  1. CAT Common Admission Test
  2. XAT, Xavier Aptitude Test
  3. MAT, Management Aptitude Test
  4. CMAT, Common Management Admission Test
  6. ITM University Entrance exam
Likewise, the ITM conducts its entrance exam every year and based on the results, and the students are selected. Aim of ITM University, Raipur:
The vision and mission of ITM University, Raipur are the same as the ITM group for MBA in Finance. They try to teach some exceptional quality to the ITM student.
  • The curriculum is designed in such a way that it helps increase self-knowledge about the core of Finance.
  • Develop leadership skills required to progress professionally and manage people more effectively6gy
  • On-campus Training is given to the students so that they acquire an extensive and strategic vision based on a company's current, global and digital scenario
  • Train the students in soft skills, have conceiving and strong communication skills
ITM University, Raipur, has transparently provided all of the details on its website. To check all of the details of the institution, visit the website and click on the link:

Need help
choosing a Program?

Talk to us about which program best suits your professional career.

Get Brochure Enquire Now

Enquire Now