Why to specialize in Finance in an MBA program??

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Maximum number of MBA aspirants specialise in finance these days and this trend is because of the numerous possibilities that an MBA-Finance offers you as far as your career is concerned. An MBA-Finance will include apart from the usual compulsory courses there are courses in Investment Management, Taxation and Tax Planning, Corporate Valuation, International Finance, Management Control System, Insurance Management, Financial Statement Reporting and Analysis and Management of Financial Services.

Career Options
Financial Managers or Financial Analysts
Accounting Managers
Corporate Controllers
Chief Financial Officers
Treasurers and Finance Officers
Cash Managers
Risk and Insurance Managers
Management Consultants
Investment Bankers
Investment Banking Associates
Investment Sales Associates and Traders
Credit Managers and Specialists

Career Prospects

Growth prospects and opportunities to climb up the ladder abound in the area of finance. You can look out for exciting careers in banks, financial consultancies and financial institutions. One can get involved in consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance. Years of experience in this area can also lead you to serve on government committees and contribute significantly to policy-making issues. One can also end up providing consultancy services to corporate and government organizations.

Payoff

The pay mainly depends on the kind of business school you graduate from. Finance MBA degree holders have traditionally been known to get the creamiest placement offers from the top companies of the country. Tier-1 colleges like the IIMs see students get placed with offers hovering around Rs 10-15 lakh an year. Those who work as financial analysts start off with a minimum package of Rs 4 lakh an year. Credit analysts start at Rs 5-6 lakh per annum and earn as much as Rs 20-30 lakh per annum once they...
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