MBA in Finance
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MBA in Finance
As the name suggests, a MBA specialisation in finance implies dealing with money. During the two years of an MBA program in Finance the person would develop technical abilities in areas of costing, budgeting, working capital management, corporate finance, investments, securities and the likes. Needless to say that a person planning to major in finance should have a natural flair for numbers and an interest in books. A common myth that students have while making a decision whether or not to take up finance is that finance and accounting are one and the same. This is not the case. While the subject of accounting is definitely a good part of finance, various streams in finance are not so heavily dependent on the knowledge of accounts.
An MBA in finance has options like working in a bank where he is exposed to all the functions of banking right from basic operations to treasury, credit, trade finance, forex etc. Non-banking financial companies involved in infrastructure finance, project finance are also lucrative options for MBAs in this field. Corporate finance and investment banking is another high paying, very competitive career option with a great number of opportunities. An operation in financial markets, stock broking, equity research where fundamental and technical analysis of firms is carried out, are among the popular choices. One needs to understand clearly that though the Financial field may seem entirely number-crunching related, there is ample scope for innovation and creativity in making financial products for investments, insurance etc.
Financial analysts and managers use historical (accounting) data in their decision making, however the number one role of the financial manager is to oversee the production of financial analysis and reports to help the company with decision making, business development, strategic planning, and alliance management. Through the use of these reports, the financial analyst helps to shape the company’s investment and business growth. Cash management strategies developed and implemented by the financial analyst help the company to grow efficiently and allow for maximum profitability in its investments.
Financial analysts and mangers play an important part in mergers and global financing and expansion. Highly specialized knowledge in these areas is an important asset to the financial manager and his or her employer to maximize potential profit and reduce risk. Many companies utilize globally active consulting firms exclusively for these purposes.
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