Colleges | Scope | Courses | Eligibility | Admission
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.
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:
We have given below a basic idea of the eligibility criteria for an online 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:
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.
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:
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.
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:
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:
| JOB ROLE | JOB DESCRIPTION |
| 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)
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. |
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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