Finance is the lifeline or backbone of any organization and the MBA in Financial Management encompasses crucial learning such as basics, principles, models, ratios, Business finance, Capital structure, Financial analysis, working capital management, cost accounting, innovations, trade finance, international finance and mergers & acquisition among others. Finance will be key to any organization in making them successful and be sustaining. Learning this will help in understanding the process and knowledge involved in analyzing cost centers/profit centers, expenses and preparing effective balance sheets, at the same time, understanding the aspect of optimizing cost and maximizing profits. We help in developing Financial Management skills required by the industry along with exposure to industry specialists and stalwarts. This specialization (Pune University specialization) is highly recommended for students who are pursuing a career in Financial Services in any organization as they understand the role of a Finance Manager in an organization.
In these days, MBA programme in Finance is coming out to be one of the most opted and picked up the course by students as well as working professionals pursuing MBA. One of the main reasons behind ‘Finance’ becoming a preferred choice for MBA aspirants lies in the financial crisis that the world faced in the last 2 decades and the recent recessions we faced. In reaction to the financial crisis, top companies and financial institutions started hiring financial analysts and managers to safeguard their assets against any such future occurrences. Similarly, most of the organizations are trying to give cost-effective services and products, and hence need professionals to guide and advise them on pricing, costing and cost reduction methodologies. This contributed to the rise of MBA in finance job opportunities that offered good jobs to finance professionals in top companies across the globe. At the same time, financial managers became one of the most in-demand professionals at a global stage as a key function in an organization. MBA in Finance & Accounting specialization with the prime focus on financial concepts.
MBA in Finance
MBA course in Finance at IICMR focuses on Planning, Accounting, Investments, Analysis of market, Economies, Taxation, Costing and many other aspects related to Finance. This course normally focuses on few important points:
- Corporate Finance
- Management Information Systems
- Support in decision-making
- Study of futures and options
- Supply Chain
- Finance related issues in management and organizations
- Career Prospects
At IICMR, we strategically offer a variety of exposure to students to hone their knowledge in Finance by giving them lots of opportunity through various opportunities. IICMR conducts workshops on related subjects such as GST, IT returns, reading of balance sheets, primary and secondary markets and how share market operates, the impact of demonetization, etc. IICMR also conducts initiatives such as ‘Udaan’ where students run the show for full 2 days and get an opportunity to make business cases, run stalls where food and goods are sold, present workable solutions, learn competitive techniques, etc. Other initiatives such as Faculty Development Programmes (FDPs), International and National Level Case study and Technical Paper presentations expose students to global and Industry best practices, interactions with Industry and Subject Matter Experts (SMEs), CEOs and CFOs. Student gets hands-on learning in various industries through Summer Intern Projects (SIPs) and practical projects. Special Industry visits are planned to see the operational working.
IICMR has Memorandum of Understanding (MOUs) with Rotary Club, National Institute of Personnel Management (NIPM), Project Management Institute (PIM), Pimpri-Chinchwad Mahanagarpalika (PCMC), etc., to give expert knowledge and exposure to business operations at the hands of Senior Level working professionals to aspiring students. These are unique opportunities for students to make their career more meaningful. We at IICMR, strive to see that students become employable and career oriented.
MBA in Finance offers a career full of challenges as the organisations have lots of challenges where innovations and cost-effectiveness are counted as vital. After the completion of your MBA you can look at profiles such as:
Investment banking has become a major trend amongst students who do MBA Finance, as it is a profile wherein the banker has to raise capital and give sound pieces of advice to clients for capital gains.
A financial planner is the one who works to convey improved investment prospects to clients. The job requires assisting the client in asset allocation for a better future and prospects.
Management consultants are employed by organizations on a full time or part time or assignment basis to get assistance in their area of work to maintain the flow of the business.
The job of an analyst would require you to crunch numbers to devise plans and sound financial strategies for the concerning business houses.
Being a part of this domain might not be everybody’s cup of tea but this job profile at a private equity firm would demand the aspirants to deal with the deep details of the private equity industry.
When it comes to top recruiters, there is no shortage of top brands and companies who are looking for skilled and qualified Finance professionals. Almost every organization has an accounting and finance division, and hence all organisations are potential recruiters for MBA in Finance candidates. When talking about top recruiters, Investment Banking companies, Private Equity organisations, Venture Capitalists, Start-ups, Hedge Fund shops along with financial institutions and general corporates top the charts in terms of hiring finance managers. Also, if any student is looking to build career in public sector, finance ministry, RBI and other organisations can offer great opportunities.