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Distance MBA In Finance

Colleges | Scope | Courses | Eligibility | Admission

What is an MBA in Finance Management?

If a business were a human body, finance would have been more likely a bloodstream. We have very strong reasons to support that. Like blood, finance has to flow in a steady stream for the healthy functioning of the business. Like blood, finance has to be present in a fitting proportion, neither less nor more. Like blood, finance supplies the business with vitals. The motive of this analogical, anatomical discussion was to establish that finance is important for the business and why an MBA in financial management is the key to understanding finance.

An MBA degree in financial management is a postgraduate course that arms you with a deep, analytical understanding of finance and crucial management skills for its sustainable as well as profitable use. The duration of the course is two years and it can be extended to four years.

With technology evolving PDQ, transformation in education is inevitable. You need not travel miles or even metres to study. Everything and anything, including your classroom, reach you on a real-time basis in your comfy bed. Across the world, many educational organisations are offering an MBA degree in financial management online as well as through distance learning mediums to provide an essential mastery of finance to freshers as well as working professionals. A deep understanding of finance ensures that an organisation is financially healthy and, as we all know, great financial health is an asset for any business organisation.

Why MBA in Finance from Distance Learning?

It isn’t for no solid reason that Indian parents feel exultant when their child gets into an MBA degree. And if the specialisation is in finance, it has a multiplier effect on their happiness and pride. An MBA degree in finance comes with a guarantee. A guarantee of career growth and steady money flow.

The points stated below offer vivid reasons why an MBA in finance is a worthwhile degree:

  1. Profitable Investment in Skills: Without a shred of doubt, we can say that an online  MBA degree in finance is a high-yielding asset. A calculated investment of time, effort, and money in it offer guaranteed returns in the form of a valuable skillset and acumen. The skillset includes critical decision-making for accurate examination of the financial health of the business. With Security Analysis and Portfolio Management as key subjects, a distance MBA in finance also equips you with creative shrewdness for building up a sustainable financial structure for a business. With such an extensive skillset, you will be a pot of gold for any organisation you put a finger at.

  2. High-Job-Demand Graph: As already stated, finance is the blood of any business. Without the knowledge of the fundamentals of finance, a business can not be run, at least not smoothly. Naturally, every business needs someone who has proficiency in finance to ensure that it never runs out of cash. Not just businesses, but the government of the contemporary period will prefer an MBA graduate in financial management to oversee its international debts as well as foreign currencies. Therefore, you are currently a treasure if you have completed a distance MBA degree in finance.

  3. Diversity of Job Roles: If you are an MBA graduate in financial management, you would have a hard time determining what you want to do, at least, when you do not have your eyes on a particular job. The job market for a finance graduate is wide. Investment banking, risk management, hedge fund management, and financial analysis are a few of the jobs to choose from. Also, you have the option to either work in a public or a private organisation, or start your own new venture. With such acute knowledge, you can easily source and manage your finances with minimal risk.

  4. Higher Pay-Check: With an MBA degree in finance through distance education, you automatically become eligible for jobs that pay higher remuneration, higher than the other departments of an organisation. Finance is an indispensable organ of a business and its systematic management is vital for any organisation. Therefore, people, who are part of it, are compensated with handsome compensation.

Eligibility Criteria for MBA in Finance Online 2023

We have given below a basic idea of the eligibility criteria for an online MBA in finance:

  1. Graduation: To be eligible for an online MBA in finance, a candidate has to at least have earned a bachelor’s degree from a recognised university with a minimum of 50 percent marks. While most educational organisations do not specify any particular field for the bachelor’s degree, there are some which may make it mandatory for a candidate to have graduated in business administration. Also, some universities may accept an equivalent degree recognised by the Association of Indian Universities (AIU).

  2. Entrance Exams: For admission into an MBA degree in finance from distance learning mode, some educational organisations may state that the candidate should have cleared CAT/ CMAT/ XAT/ ATMA/ MAT or any other specified tests for an MBA degree with a specified score. However, most universities may not ask for any entrance exam results and may solely rely on your educational qualification and previous work experience in order to proceed with admission. 

  3. Prior Work Experience: Some eminent educational organisations have made it mandatory for candidates to have a given duration of work experience to be eligible for an MBA degree in financial management through distance learning mode. However, if you have scored over 50% marks in graduation, the need for work experience is exempted. The aforementioned is a rough sketch. The eligibility criteria may differ from one organisation to another. You can get a detailed look at the eligibility criteria of different institutions on our website.

Admission Process for Distance MBA in Finance

Like eligibility criteria, educational institutions may have an admission procedure that is distinct from other institutions. Nevertheless, we are providing you with a rough idea for the same. 

In order to take admission into an MBA degree in finance from distance learning, a candidate has to first complete an application process. The application process may be conducted in offline mode or online mode or both, depending on the institution. In online mode, a candidate has to register on the university/college website and fill out the application form. The form has to be submitted along with scanned copies of mandatory documents and requisite application fees. The offline mode will require a candidate to buy or download the form, fill it out, attach copies of mandatory documents and send it to the mentioned address along with application fees. 

The documents required for the admission process are:

  • Academics documents
  • Government ID proof
  • Work Experience
  • Passport size photographs

After the completion of the application procedure,  the shortlisted candidates will have to pay the fees & get enrolled. Students are provided access to online libraries, online student-portal and books are couriered via mail.

Distance MBA Finance Syllabus & Subjects

An MBA degree in finance via online education is a two years postgraduation course. Some educational institutions may extend the course to a period of four years, depending upon multiple factors. The first year of the distance MBA degree programme touches upon the multiple facets of the management arena, whereas the second year offers a detailed study of financial management with a key focus on financial derivatives, financial analytics, risk management, mergers and acquisitions, etc. 

The following table is a crude layout of the syllabus for an MBA in finance in online education:

SEMESTER-1 Semester - 2
Management Theory and Practice Business Communication
Organisational Behaviour Essentials of HRM
Business Economics Business Law
Information Systems for Management Strategic Management
Financial Accounting and Analysis Operations Management
Marketing Management Decision Science
SEMESTER-3 Semester - 4
Cost and Management Accounting Strategic Financial Management
Taxation - Direct and Indirect International Finance
Capital Market and Portfolio Management Financial Institutions and Markets
Strategic Cost Management Business: Ethics, Governance & Risk
Corporate Finance Research Methodology
Marketing of Financial Services Project

The University Grants Commission (UGC) confers autonomy upon the eligible educational institutions to frame curriculum for MBA in finance via distance learning according to their requirements. Hence, the syllabus may be slightly different from one institution to another.

The key subjects that are offered particularly in an MBA degree in financial management through online mode are summarised below:

  1. Cost Management: Cost management is one of the key subjects of financial management. It teaches you to assess the cost information of a business and use it to budget finances and control costs efficiently.

  2. Corporate Finance: Corporate finance is an essential sub-part of finance where a student is taught how a company manages its funds. The management of the funds includes its sourcing and its investment keeping in mind the prime objective of maximisation of profits.

  3. Financial Risk Management: The subject of financial risk management informs students of the multiple risks that affect a business. It also apprises students of the ways to evaluate and mitigate risks for optimisation of the finances of the company. 

  4. Behavioral Finance: It is an interdisciplinary subject that assesses the psychological patterns of investors. The subject involves studying the biases of an investor and guides students against irrational financial decisions. 

  5. Project Finance: The subject of project finance is the study of determining financial structures for financing long-term infrastructural projects. The financial structures for such projects are prepared in a way that the profit earned is maximised and enough liquidity is maintained. 

Fee Structure of Distance MBA Finance 2023

The fee structure differs from one college to another on the basis of a diverse curriculum. The average fee for an MBA degree in finance from distance learning is INR 1,50,000. It ranges from INR 50,000 to INR 2,50,000.  

Many prestigious educational organisations offer online and offline payment options to their students. The students are given options to pay fees in lump sum or instalments, whatever suits their needs. Thus allowing students to pay their fees one-time, annually, semester-wise or with easy EMIs. Furthermore, some organisations offer loan facilities to their students in order to assist them financially.

Benefits of Online MBA Finance

The world today is advancing from traditional classrooms to rectangular mobile screens and the advance is happening quite swiftly, specifically after the pandemic’s knock-on effect. If you do a detailed cost-benefit analysis of this situation, the benefits are certainly outbalancing the costs. In other words, things look promising in a world where online and distance learning is prevalent. The situation is particularly rosy for the working professionals who earnestly want to outgrow their jobs and eventually themselves. 

Given below is an exhaustive analysis of the benefits of an MBA degree in finance through online and distance learning modes of education:

  1. Ver Very Low Cost: Let us take a glance over the cost side of the analysis, first. The fees for an MBA in financial management are drastically lower in the distance and online modes than in mainstream education. Other than that, you heavily save on transportation and accommodation costs. Not just this, you do not have to give up on your salary because you can work and study simultaneously. Everything looks sorted, doesn’t it?

  2. Complete Flexibility: If you are still not sorted and the world looks grey, you need to take a long look at the benefits of an MBA degree in financial management via distance learning mode. A long look because the benefits are many.  Firstly, the distance learning MBA allows you to schedule your study time according to your needs, or, for that matter, your whims. You can study when you want to study. This is advantageous, especially for working professionals who can program their study hours along with their heavy workload. 

  3. Career Evolution: Let us look at the greatest benefit here which is the degree itself and that too an MBA degree in financial management in distance/online mode. The degree itself is enough to offer you a vast range of opportunities to dive into. Also, let us not forget that you can earn this degree without leaving your job leading to a job promotion and an excellent resume.  

  4. Wide Networking: Still not convinced? Okay. Give us a fair chance to do the convincing. As you know, the world of business runs on strong networks. The more diverse the networks are, the better as the diverseness of your networks challenges you to evolve professionally and otherwise. Online education helps you achieve that as people across the country and the world gets connected to you via technology. This would have been impossible in the case of mainstream education. 

  5. Equivalent to Regular: We did warn you that the list of benefits will be long enough. Another very important advantage of distance and online learning is that it offers you extra benefits without lowering the value of your degree. We are saying this on the basis of the recent notification of the University Grants Commission (UGC) which stated that the distance and the online degrees are at par with the regular mode of education. 

Salary & Jobs in Distance MBA Finance

We have said many times before that an MBA degree in finance from distance learning can unlock diverse job roles for you. Analytical skillset and deep knowledge of finance are why an MBA in finance via online learning can fetch you any job in a desirable company. 

The table below encapsulates the variety of job roles that an MBA graduate in finance can get with summarised job descriptions:

Financial Auditor Responsible for reviewing financial statements of the business and ensuring that the statements are in proper alignment with the accounting procedures.
Financial Analyst Analyses the financial health of the organisation, determine financial trends and devises future financial strategy for the company.
Investment Banking Analyst Offers guidance to the brokers and fund managers with regard to their future investment plans on the basis of their financial situation and the current market trends.
Credit Manager Assesses the creditworthiness of the potential clients to minimise the organisation’s bad debts and optimise its financial health.
Accounts Manager Oversees the daily workings of the accounts department which includes bookkeeping, payroll, audit preparation, etc.
Financial Risk Analyst Responsible for recognising the factors that can risk the financial situation of an organisation, including market risk, credit risk, trade risk, etc.
Corporate Controller Manages accounting data of the organisation and oversees the production of financial reports of the organisation.

In order to help you make informed decisions, we are providing you with the salary estimates for diverse job roles that we have just discussed: 

JOB ROLE Average Annual Salary
Financial Auditor ₹ 5.5 Lacs
Financial Analyst ₹ 5 Lacs
Investment Banking Analyst ₹ 13 Lacs
Accounts Manager ₹ 7.7 Lacs
Financial Risk Analyst ₹ 7 Lacs
Corporate Controller ₹ 16 Lacs

(Source: Glassdoor)

Popular Colleges for MBA Finance from Distance Learning

There are diverse colleges and universities that offer an MBA degree in financial management in distance learning and online mode. Below is given the list of the top five colleges that offer an online as well as distance MBA degree in finance:

College/ University Name Course Fees
NMIMS Global Acces School for Continuing Education ₹ 1,68,000
Online Manipal, Manipal University ₹ 2,60,000
Symbiosis Centre for Distance Learning ₹ 70,000
Indira Gandhi National Open University ₹ 62,300
Amity Directorate Online ₹ 2,53,000

You can check out other universities on our website in detail.


Course Name Distance MBA in Financial Management
Course Type Master’s Programme
Duration 2 Years (Minimum) - 4 Years (Maximum)
Mode of Learning ODL Mode (Open and Distance Learning)
Fee Structure Fee varies as per the institute. However, the average fee is INR 1,50,000 for the complete course.
Average Salary Offered 8.7 Lacs per annum. However, it varies in accordance with the job role, organisation, place, etc.
Employment Roles Financial Auditor, Financial Analyst, Investment Banking Analyst, Credit Manager, Accounts Manager, Financial Risk Analyst, Corporate Controller
Examination Method Both Online and Offline, depending upon the University.

Top Distance MBA Colleges in India

Distance MBA in Financial Management (FAQs)

The course duration of an MBA degree in financial management through an online and distance mode of education is two years. However, the course duration can extend up to four years if needed.

An MBA in financial management is a valuable degree in terms of the multiple job roles it unlocks in eminent private organisations as well as government institutions.  It is a worthwhile option for anyone who has an interest in the financial arena of management and wants to prosper in the same.

This completely depends on the educational institution from which you are doing a distance MBA in finance. Many educational institutions conduct drives on campus to provide placement assistance to their students, while some may not.

An MBA graduate in financial management earns an average annual salary of 8.7 lacs per annum. The salary varies according to the job role, organisation, prior work experience, etc.

An MBA degree in finance has a vast scope in the public as well as private arenas. It opens doors to varied job opportunities. Some of the job profiles that an MBA graduate in finance can look out for are financial auditor, financial analyst, investment banking analyst, credit manager, and accounts manager.

The first year of an MBA in financial management includes a detailed study of the fundamentals of management. The second year of the degree includes the study of finance-specific subjects which includes financial analytics, mergers and acquisitions, international financial management, security analysis and portfolio management, etc.

An MBA in finance is not difficult. The first year of the degree involves the study of fundamental courses that are relevant to all specialisations. The second year of the degree involves the study of special financial management courses along with internships and practice-based assignments.

Yes, you can do MBA in finance without maths. Anyone with a bachelor’s in any field can do an MBA in finance. It is not mandatory for you to study maths in the 12th standard or graduation.

No, an MBA degree in finance is not difficult for engineers. Rather, engineers have strong analytical and problem-solving skills which make the MBA degree in finance easier for them.

The degree of MBA in financial management from distance learning includes subjects such as corporate finance, management accounting, cost management, infrastructure finance, international finance, and financial risk management.

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