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Your Guide to an Online MBA in Finance: 2024 Edition

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Kamaldeep

26 June, 2024

Your Guide to an Online MBA in Finance: 2024 Edition

“The path to success is to take massive, determined action.” – Tony Robbins

Introduction

One of the reasons why you can rely on an MBA in finance management is because of the demand and the rising salary package of Online MBA finance. But that’s not it. Another reason why you should go towards an Online MBA in finance is because it has a lifetime leverage to provide you with the lavish life that you want. And no, we are not talking about the average salary of 4LPA -6LPA per annum, we are talking about 10LPA to 25 LPA ability of an online MBA, as a Finance Manager, Senior Finance Manager and more.

The secret key to these packages, skills and a lifetime surety of a career is taking action for it. Once you complete your online MBA in finance you would be the leader of your choices, you can pick your desired industry, role, sector, location, and more! Let us guide you through the transformational journey of a lifetime, in the world of finance actions and hard work counts.

What Is Finance Management?

If we define financial management in academics, according to Saini, Prof & Saini, Megha & Bhar, Monika. (2022). “Financial management is the process of planning funds, organising available funds and controlling financial activities to achieve the goal of an organisation. It includes three important decisions which are investment decisions, financing decision and dividend decision for a specified period of time. Investment decision includes working capital decision and capital budgeting decision. Financing decision involves identifying sources of financing, determining the duration and cost of financing and managing investment return. Finance is an important concept for business owners to grasp. It encompasses every facet of their business, and even with the best product and marketing plan in the world a business can still fail without proper financial planning.”Are you confused to breakdown the terms? Well, here is an easy way to understand what is finance management:

Imagine your business as a ship on a journey to Treasure Island (success). Financial management is like being a savvy captain. Here are the three key decisions you need to make:

  • Investment Decisions: Decide where to spend your resources, both short-term (working capital) and long-term (capital investments), to get the best returns.

  • Financing Decisions: Figure out how to get the money you need. Choose the best mix of loans, investments, and other sources to fund your journey without overpaying.

  • Dividend Decisions: Decide what to do with your profits. Share them with your crew (dividends) or reinvest in your ship (retained earnings) to keep improving.

That was fun to understand, wasn’t it? Now, it’s time for you to say “hello” to the other aspects of an online MBA in finance such as why we need it, how we benefit from it, whether you have chosen the right one, and your skills. Let’s get into it.

Objectives Of Finance Management

Here is why we need a finance manager or any MBA finance graduates. These are the 5 objectives of finance management and what you would be learning in the online MBA in Finance.

  1. Maximise Profits: The aim is to generate as much profit as possible by efficiently managing costs and increasing revenue, ensuring the financial health of the business.

  2. Ensure Liquidity: It’s crucial to have enough cash available to meet daily expenses and handle unexpected emergencies, keeping the business running smoothly.

  3. Minimise Costs: By controlling expenses and seeking cost-effective solutions, financial management helps keep costs low, allowing more profit to be retained.

  4. Plan for Growth: Financial management involves planning for future expansion and new opportunities, ensuring the business is prepared to grow and succeed in the long term.

  5. Risk Management: Identifying potential risks and creating strategies to mitigate them is essential for navigating financial challenges and ensuring the stability of the business.

Why Online MBA In Finance? The Gold for Your Career

Imagine a job role where you lead, decide, conduct and process on the basis of your expertise and skills, where multiple top-recruiting companies are connecting with you for a job offer. And a higher paycheck in your hand? Exciting isn’t it? What if we tell you that you can have it all through an online MBA finance? Sounds unreal? It is not! Here are the top goodies, gold and growing benefits of an online MBA in finance.

  1. High Demand: Your expertise will be in high demand across industries, making you a key player in turning financial chaos into order.

  2. Attractive Salaries: Boost your earning potential with one of the highest-paying fields, promising a rewarding lifestyle.

  3. Diverse Career Opportunities: Open doors to exciting roles in banks, consulting firms, and corporate environments, tailored to your passions.

  4. Comprehensive Skill Development: Become a strategic thinker and problem-solver, gaining invaluable skills for your career and life.

  5. Global Perspective: Gain a global outlook, enabling you to navigate international markets and tackle financial challenges confidently.

  6. Rich Curriculum: Cover diverse topics like financial planning, investment strategies, and risk management, preparing you for complex financial scenarios.

  7. Networking Opportunities: Build a lasting network of peers and professionals, fostering teamwork and collaboration even in an online setting.

  8. Job Security: Enter a stable and growing industry, securing a promising future, especially in regions with booming financial sectors.

The Chosen One for the Gold Mine of an Online MBA In Finance?: Eligibility

We have explained to you on almost every aspect of an Online MBA in Finance but how would you know if you can be the next finance manager, CFO, account manager or investment banker? Easy, here is a guide for the common eligibility across many universities in India.

Please note that this eligibility may vary based on each college’s demand.

Here are some common eligibility criteria for an online MBA in finance, note down if required:

  1. You should have completed an undergraduate (bachelor’s) programme of at least three years in any discipline from a UGC-recognised university.
  2. You would need a minimum aggregate score of 50% or an equivalent letter/numerical grade.

  3. A relaxation of 5% is applicable for SC/ST candidates.

  4. If you are in the final semester of your bachelor’s programme, you are eligible to apply.

  5. You are required to have relevant work experience:

  6. If you hold an engineering, science, or integrated degree, you need at least one year of work experience post-degree, with a minimum of 60% aggregate marks.

  7. If you hold a three-year undergraduate degree in fields such as science or commerce, you would need at least 60% aggregate marks.

Skills Required For Online MBA In Finance

Here is the list of skills you need to have in order to become the next successful Finance Manager, analyst or CFO. Moreover, you would definitely learn and enhance most of these skills during an online MBA in Finance.

Project management Communication skills
Analytic reasoning Financial analysis
Financial Modeling Leadership
Business intelligence Skills management
Accounting Financial reporting
Ability to innovate Adaptability to change
Data management Global orientation
Presentation abilities Networking
Strategic thinking and planning Ability to leverage technology
Case study solving Entrepreneurship
Financial Management Initiative

What Are The Course Fees For An Online MBA In Finance?

We understand that not all of us have the budget to afford an INR 20 Lakhs MBA course. This is where an online MBA in finance can come across as your saviour. The online MBA in finance has many options including different top online colleges, including UPES, BITS Pilani, Amity and DY Patil. Moreover, it has affordable light pocket fees for you. If you are someone who is looking to step ahead of the rush while working full-time and do not want to pay the equivalent of a house mortgage then an online MBA in finance is the real deal for you.

The fees for an online MBA in Finance can vary depending on the university, credibility, location, facilities, and coursework. However, the range for an online MBA in finance programmes spans approximately from an INR of 62,000 to an INR of 3,00,000. A higher fee than this could be due to many reasons, such as the institutions offering extensive resources, renowned faculty, global accreditation, and robust networking opportunities.

Many universities offer these fee payment facilities that you can use to pay effortlessly:

  • Fee Waivers

  • Scholarships

  • EMI Options

Syllabus & Curriculum for Online MBA In Finance

Here is a closer look at different university’s common Online MBA in Finance. Please note that the syllabus might not exactly be the same this is based on Jain Online University’s Online MBA:

1st Semester 2nd Semester
Business Economics Entrepreneurship
Managerial Effectiveness and Ethics Marketing Management
Accounting and Finance Banking, Financial Services and Insurance
Organisational Behavior and HR Management Corporate Law
Quantitative Techniques for Business Decisions Business Analytics

 

3rd Semester 4th Semester
Business Research Methods Business Environment and Strategy
Operations Management Fixed Income Securities and Derivatives
Direct and Indirect Taxes Valuation and Investment Banking
Investment Analysis and Portfolio Management International Finance
Fintech – Foundations and Applications Cross-Functional Elective Course
Open Elective Course Master Thesis / Project

Top Colleges For Online MBA In Finance

Here is the list of top colleges for an Online MBA in finance:

College Name Fees (INR)
BITS Pilani  2,85,000
Manipal University Jaipur 1,75,000
Amity University Noida 1,95,000
Dr. D. Y. Patil Vidyapeeth, Pune 1,69,200
Jain University 1,60,000
Lovely Professional University 1,80,000
IGNOU 62,000
Chandigarh University 1,50,000
UPES ONLINE (UPES CCE) 1,75,000

Also Read: Top 10 Online MBA Colleges in India

Career Prospects & Job Opportunities

The career after completing an online MBA in Finance is promising, fruitful and exciting.  An Online MBA in finance isn’t just a degree, it’s your passport to exciting groundbreaking career paths and opportunities. You would find yourself getting more job offers, and a better salary where companies would demand your financial expertise, whether in investment banking, financial analysis, or corporate finance. The demand for professionals who can confidently steer through waves of financial complexities is all-time high.

There are many Industries that need your skills developed through an online MBA in finance, such industries are risk management, wealth management, and business intelligence to drive strategic decisions. You would explore roles like Chief Financial Officer or Investment Manager, while also discovering emerging opportunities in sectors like private equity and asset management.

Through your Online MBA in finance, you wouldn’t just study theory, you would immerse yourself in hands-on projects, internships, and networking experiences. These experiences would not only enrich your learning journey but also equip you to excel in competitive environments, where your insights and leadership in financial analysis and operations management can make a significant impact.

Job Roles with Salary (INR)

An online MBA in finance can upgrade your salary check and your ability to get better job roles with better job duties. This can only happen once you complete your online MBA in finance from an accredited college. Completing an Online MBA in Finance opens doors to a range of exciting career paths.

You would be able to choose from different job roles such as Financial Analyst, Corporate Finance Manager, or Chief Financial Officer, where salaries can start from INR 3 lakh to INR 6 lakh per year. As you progress, opportunities in fields such as investment banking, risk management, and wealth management await, with additional cash compensations ranging from INR 30,000 to INR 2,40,000 annually.

For higher-level roles like Finance Manager, you could aim for salaries ranging from ₹17 lakh to ₹22 lakh per year, with further potential growth as a Senior or Lead Finance Manager. Please note that the salary ranges might change based on the job role, organisation size, education, skills, experience and projects that you have done so far.

Also Read: Best Job Opportunities after MBA in Financial Management

Top Recruiters

Here is the list of top high recruiters who are looking for graduates like you who have the right skills, experience and projects through an online MBA in finance:

ICICI Bank Accenture
First Student EY
Tata Motors Infosys
FactSet YES
HDB Financial Services Amazon
Tata Consultancy Services Genpact
Freshers.com PwC

Logging Out

An online MBA in finance is perfect if you are someone who has skills in financing, banking and investment planning. The online MBA programme is designed to upgrade your skills to the latest in various industries across the globe. Through an online MBA in finance, you would be able to discover more than you have imagined, including affordable fees, no cost of accommodation, no extra cost of rent, no transportation, and all that through a laptop and the magic of the internet services. If you want to increase your income in 2 folds then this is your chance to take action and get enrolled in one of these credible universities. All it takes is one click.

FAQs

Q1. Can I do MBA in finance online?

Yes, many universities offer online MBA programs in finance, providing flexibility and accessibility for working professionals.

Q2. Which university is best for online MBA in finance?

Several universities like Amity University, Manipal University, and Jain University are well-regarded for their online MBA in finance programs.

Q3. What is the cost of MBA in finance online in India?

Costs vary, typically ranging from INR 1.5 lakhs to INR 3 lakhs for the entire programme duration.

Q4. Do we get job after doing online MBA in finance? 

Yes, you would get secure roles in finance management, investment banking, and corporate finance due to the program’s practical orientation.

Q5. What is an Online MBA in Finance?

It’s a distance learning programme focusing on financial management, accounting, and investment strategies, delivered via online platforms.

Q6. Is an Online MBA in Finance worth it?

Yes, it offers career advancement opportunities, networking, and specialised knowledge without requiring a full-time commitment.

Q7. What are the benefits of an Online MBA in Finance?

Flexibility, practical skills development, and access to global networks are key advantages, enhancing career prospects in finance.

Q8. How long does an Online MBA in Finance take to complete?

Typically, it takes around 1.5 to 2 years to complete, depending on the university and student’s pace of study.

The 9% is from the definition, principles and explanation. I have attached the reference link and also cited the authors according to the APA 7th edition.


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