An MBA with a Finance Specialization learns a variety of subjects like Corporate Finance, Costing, Budgeting, International Finance, Working Capital Management and Investment Banking, Securities and Portfolio management and many more of the same ilk.
The job opportunities could be in corporate finance, Corporate Banking in banks, investment banking in leading Financial Institutions like ICIC, Securities Analyst in Brokerage Firms, a dealer/ broker in the buying and selling of financial instruments. Most people may not be aware that operations in the Security Market or the Stock Market is one of the biggest industries in India or any country’s economy in the world.
Careers in Finance and accounting follow one of two distinct paths. An MBA in Finance can either be in Public accounting or in corporate accounting.
Public accountants provide accounting services to other businesses. Public accounting firms like the famous Arthur Andersen or KPMG are usually partnerships and engage in audits of companies and giving their expert opinions on the financial affairs of the companies. An MBA here can provide a holistic view of the company affairs and hence works with a broader function base than, say, a Chartered Accountant or a Master of Accounts (USA). Besides most audit firms also provide a host of consultancy and advisory services which an MBA is in a better position to do. The MBA degree’s broad curriculum also helps him give opinions and suggest solutions on client management, and other strategic issues.
In Corporate Accounting, an MBA is needed to manage the company’s financial resources and make sure that there is optimal use of resources. Therefore, functions like budgeting, financial planning, resource allocation etc. come under the ambit of the MBA. The designations could be that of Finance Manager, or Financial Analyst and the career path could lead all the way to Chief Financial Officer (CFO).
This is a career for people generally interested in quantitative skills and who would like to do a lot of planning, managing of resources and policy formation. “Number Crunching” is how most people would describe a career in finance! How best to manage money and its consequences is what Finance is all about? This specialization is a hot favorite amongst engineers. This is a career for people generally interested in quantitative skills and who would like to do a lot of planning, managing of resources and policy formation. “Number Crunching” is how most people would describe a career in finance! How best to manage money and its consequences is what Finance is all about? This specialization is a hot favorite amongst engineers. This is a career for people generally interested in quantitative skills and who would like to do a lot of planning, managing of resources and policy formation. “Number Crunching” is how most people would describe a career in finance! How best to manage money and its consequences is what Finance is all about? This specialization is a hot favorite amongst engineers.
As a finance specialist one is expected to be good with numbers and a keen learner as finance interfaces with accounting, auditing, investor interest management, taxation, etc. A combination of MBA Finance with Chartered Accountancy is considered as the stepping-stone to a lucrative consultancy career.
Firms that usually recruit for Finance are:
Banks:
Citibank, American Express, Credit Lyonnaise, Exim Bank, HDFC, Bank of America, HSBC, Standard Chartered Grindlays.
Consultancies:
AF Fergusson, Deloitte & Touche Consulting Group, Accenture, Boston Consulting Group, McKinsey & Co., KPMG, Monitor, Noble & Hewitt, Booz Allen & Hamilton.
Other Financial Companies:
IFCI, Morgan Stanley, CRISIL, ICRA, CARE, GE Capital , UTI, Lehman Brothers, ICICI, HDFC, Saloman Brothers, Goldman Sachs …so on.
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