Complete Roadmap to Online MBA in Finance Management

Master of Business Administration (MBA) is one of the most sought-after courses among students and working professionals in recent times. Among the plethora of learning options available, choosing the right program and specialization remains a dilemma for most learners.

This post aims to address this confusion and help learners navigate the selection process and make the ideal choice for them. Here, you will find the complete roadmap to an online MBA in Finance Management and other specializations.

Is an online MBA program valid?

Yes, an online MBA program is completely valid and accepted by job recruiters today. There’s no need for any apprehension in applying for an online MBA program. For the most part, an online program offers increased flexibility and accessibility to learners from different backgrounds and situations.

You get access to learn from top faculty, institutions, and a broad learning community at your own pace and schedule. For example, a student with financial responsibilities can still pursue an MBA and upskill while working. The chances of getting promoted and earning a higher salary also increase.  Moreover, a student taking a gap year or a person preparing for a government exam but wanting a backup can also enroll for an online MBA and still have ample time left. This is why an online MBA is so attractive and popular to today’s learners. 

Let’s explore the online MBA in Finance

An online MBA in Finance Management is a post-graduate program that spans over two years and equips students to manage the financial aspects of an organization and predict its economic growth. Students are taught to develop an analytic perspective and learn to plan, organize, and manage the financial activities to meet a business’s goals. 

An Online MBA in Finance is a two-year post-graduate program that primarily focuses on managing a company’s or business venture’s accounts and finances. The course prepares the students to have an analytical perspective on financial reports and to predict the economic growth of a business. It also includes learnings on financial planning, investment, risk factors, and fraud.

Students commonly study core topics such as Financial Accounting, Corporate Finance, Financial Statement Analysis, Investment, and Risk Management. Many universities have even diversified their curriculum, focusing on core financial principles and integrating the latest trends and technologies in the industry, like blockchain and cryptocurrency.

Who can benefit from this course?

An MBA in Finance is an ideal choice for learners who like crunching numbers and want to gain skills like financial accounting, analysis, mitigating risks, etc, to ensure the financial health of a company. A specialization in finance is best for those to understand cash flows and how the economy affects a business. Furthermore, finance is one of the most lucrative industries with a lot of potential career opportunities in recent times and the future.

An MBA in Finance is not for everybody if it doesn’t align with your skills and goals. Consider other specializations, like an online MBA in Marketing Management, Human Resources, or Business Analytics. 

Advantages of Doing an MBA in Finance

If you wondered why Finance stands apart from other MBA specializations, here’s your answer:

1. High Earning Potential

According to statistics, a Finance graduate gets offered more opportunities compared to other specializations. For instance, even entry-level positions like Financial Analysts start at 6-10 LPA. Middle-level positions can earn up to 20 LPA. Top finance roles like Investment bankers earn up to 50 LPA, and CFO positions at Fortune 500 companies can earn from Rs. 1-5 crore annually. This kind of earning potential is what attracts many graduates to Finance.

2. Job Security

Finance is one such field that has stayed stable even during economic crises or recession periods. The sole reason for this is that companies need financial planners or risk analysts to manage uncertainties and find solutions during such situations. Even during 2020, finance experts were required to manage liquidity and plan for economic recovery. Thus, the finance industry has remained one of the safest fields that offers long-term stability and security to working professionals.

3. Huge Demand Across Industries

As discussed above, financial experts and professionals are always in strong demand despite changes or market fluctuations. Moreover, job prospects are not limited to banks or investment companies; financial experts are needed from healthcare, IT, to ecommerce. They are required for financial planning, managing budgets, and supervising financial strategies.

4. Return on Investment

Investing in an online MBA in Finance Management pays off well, proving that the program has a high return on investment. Moreover, the best thing about an online MBA is that it is affordable and flexible, and learners still get amazing job opportunities and a salary package with a specialization in Finance. Interestingly, around 40% of Fortune 500 CFOs have an MBA in Finance, showing the amazing results of pursuing this field.

Cost and Eligibility Considerations

Now that we have understood the benefits of doing an online MBA in Finance Management, let’s quickly go over the cost and eligibility criteria.

Fees

You can expect a fee range from 1,00,000 to 3,00,000 for an MBA in Finance. This may vary from university to university and in terms of specialization as well. For instance:

• Amity University Online:
  • Fee: Rs. 1,99,000 (full program fee), with 24-month zero-cost EMI available and scholarship options
• Lovely Professional University Online 
  • Fee: Rs. 40,400 per semester, and a 20% student grant with no cost EMI. 
• BITS PILANI WILP
  • Fee: Rs. 70, 100 per semester, easy EMI option with 0% interest and 0% down payment. 

Eligibility

• Graduates from any stream can apply. The candidate must have at least 50% and 45% for the general and reserved categories, respectively.
• Check the specific eligibility criteria of the particular university you are applying to; some places can ask for work experience or more.

Job Prospects After an MBA in Finance

Graduates of an MBA in Finance have the following career options:

1. Financial Analyst
2. Relationship Manager
3. Accounting Manager
4. Chief Financial Officer
5. Investment Bankers
6. Insurance & Risk Managers
7. Financial Consultant

Conclusion

In the constantly fluctuating job market, an online MBA in Finance Management can do wonders. It gives learners ample job opportunities and growth potential. For this reason, this program stands out from other specializations like an online MBA in marketing management or human resources. You can easily move into the financial sector and gain skills like financial accounting, risk analysis, and more by enrolling in this course. This post provides the complete roadmap to everything you need to know, all in one place.