Any business relies on finance for its survival, so a post graduate in management with finance has a lot to choose from. For an MBA in finance, you'll need to be proficient in accounting, taxation, finance, and statistics, particularly time series analysis. The subject of finance is often mistaken by students as only accounting and taxation. Today, while studying this course, one needs to enhance his quantitative expertise and also learn some new software and programming techniques dealing with quantitative finance. As a result, he will develop different skills and a magnetic personality, enabling him to begin a promising career with a great company.
The Challenges ahead.....
We should compare the situation in B-schools throughout the world, especially those in Western countries. In the process of teaching and learning, we find a paradigm shift with more digitisation, Instagramming, and use of machine languages. Students are exposed to more technology-driven curriculums rather than theoretical ones, helping to bridge the gap between industry and academia. Higher education is increasingly focused on experiential learning. AI and robotics will also play a key role in the fourth industrial revolution, alongside digitization. With the emergence of the block chain, crypto currency, and nanotechnology, MBAs will have to shape up themselves and adapt to the industrial changes of the future so that they are industry-ready in the coming days.
As educational technology carries out the curriculum, it has carved out a niche for itself. Flipping the classroom involves students receiving course material, projects and tasks online before they actually come to class where they discuss only the cases or problems with the professor. Simulations and games that make learning more interactive and, therefore, more effective are more engaging for students.
How to move ahead....
This process has been helping Indian business schools produce professionals who are industry-ready. It is therefore important to adapt to the constantly changing curriculum. This, therefore, makes MBA finance courses challenging both on a theoretical level, as well as in terms of developing skills the industry will be interested in in the future.
As well as learning some application software, the industry expects its members to specialize in certain areas and become familiar with them. The National Institute of Securities Market (an institute created by SEBI) offers various certificates required for a role in the capital market, such as Investment Adviser and Derivatives and Securities Operations and Risk Management. If you want to work in banking, you should earn the Diploma in Banking and Finance (DBF), a flagship course offered by Indian Institute of Banking and Finance, which is equivalent to the JAIIB. A student interested in learning more about commodities can attend the MCCP course offered by Multi Commodity Exchange or the credit appraisal course offered by CARE. As well as these certificate courses, a student should be able to program in R, Python, or SAS. Many subjects are also available as online free courses (Coursera and Edx). In addition, gaining skills in negotiation, leadership, teamwork, and problem-solving were top priorities.
MBA finance programs offered by universities have not yet adopted modern pedagogical methods and curricula, but some business schools in delhi have brought the changes to their own PGDM programs which are approved by the AICTE and equivalent to MBA programs in universities. All in all, there are many job opportunities for a qualified candidate; indeed, there are an abundance of them. The key is to be offered a job.
Jobs after MBA in Finance
Several careers are available in financial institutions, consulting firms, and banks. Alternatively, one can work in brokerage firms, insurance companies, and mutual funds. If a person has at least five to eight years of experience, they can become an expert in government policy making. Let's take a look at some examples.
- Accounting Professionals
- Financial Analyst
- Credit Appraisal Officer
- Treasury Manager
- Investment and Banking Associate
- Financial Risk Managers
- Investment and Insurance Advisors
- Investment Bankers
- Financial and Investment Consultant
- Research Executive for DEBT and Equity
Pay varies according to the B-school from which one graduates, but his financial acumen determines the scale. A student from a Tier II or Tier III B-school can also get a creamier package if he has a good understanding of the subjects and a strong all-rounder. Generally, Tier I and Tier II schools pay between 6 and 15 lakhs depending on the reputation of the school.
In conclusion, MBA Finance students have many career opportunities available to them. The key is to stay focused throughout the process and keep moving in the right direction. To rule the roost, you need to absorb knowledge from everywhere, as Einstein famously stated.
