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career scope after MBA in finance, top finance courses for MBA students, job opportunities in finance sector
👤 NorthStar Academy📅 29 Jul, 24⏱ 11 min read

Scope and Opportunities with MBA in Finance

Finance a revolutionary conditioning in the operations of the economy is a driving force in building an enriched career. Look around, and you will witness the rapid growth in the finance industry. The benefits of finance are many! There are numerous financial career options for the same. You can either earn finance and accounting certifications, pursue full-time courses in finance, or take up an MBA course to become a global leader in the accounting and finance industry.

Finance career courses are specially designed to impart financial management systems and financial markets knowledge and a promising career. These courses also provide vital skills required to become a successful finance professional in this business world. The most typical finance courses include B.Com as an undergraduate course and M.Com as a postgraduate course. Various finance professional courses include CA, CFA, ICWA, FRM, CS, CMA, etc. These professional courses are specially designed to boost careers in finance and open the door to job opportunities. 

If you are interested in finance, look no further! Explore the vast horizon of types of finance courses, scope of finance courses, and overall career in finance through this blog.

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Key Features of Finance & Accounting Sector Courses

A finance career is one of India's most desirable career paths. It is because of the positive career prospects in finance. You have diverse options to pursue a finance career course. Finance is useful in every industry. Therefore, you can find high demand in the finance field with a lucrative career option.  

If you want to know about finance courses, look into the key features of finance courses and make that perfect move toward your desirable finance career course.

Particulars

Details 

Finance Course Level

 

  • Undergraduate 

  • Postgraduate

  • Finance certifications (diploma)

  • Finance professional courses (CA, CFA, CS, CMA)

  • Doctoral Research Degree

Finance Courses Offered

 

  • B.Com in Finance or Accountancy

  • BBA in Finance

  • BSc in Finance

  • M.Com in Finance

  • MBA in Finance

Finance Entrance Exams

 

  • CUET, DUET for UG and PG

  • SNAP, CAT, NMAT, XAT for MBA, PG Diploma courses

Colleges in Finance 

 

  • AMET University Kanathur

  • ASMSOC Mumbai for PG Diploma

  • BBAU, Lucknow for PGDM 

  • BITS Pilani for MBA

  • Christ University for B.Com

  • DFS Delhi for PhD in finance

  • SP Jain, Mumbai for MBA in finance 

  • Shri Ram College of Commerce, Delhi University

Finance Course Fee

The course fee ranges from ₹15,000 to ₹20 lakhs depending upon the courses, institutes, and other related factors.

Finance Job Roles

Chartered Accountant, Company Secretary, Professor, Financial Analyst, Finance Modeler, Risk Analyst, Finance Executive, Banker, Credit Manager, Asset Manager, Senior Accountant and many more

Top Finance Recruiters

The Big 4- Deloitte, KPMG, PwC and EY. Other top recruiters include HDFC, LIC, ICICI, PNB, McKinsey, Morgan Stanley, etc.

Average Salary in Finance 

4, 00,000 per year to 20, 00,000 per year

(Source:https://in.talent.com/salary?job=finance)

As we have mentioned above, finance courses can be pursued at an undergraduate level, postgraduate level, diploma or doctorate level. The scope of finance courses mentioned is highly positive in India. Therefore, we have curated an outline of finance courses that can be pursued to build a career in finance and open array of career opportunities.

Finance and Accounting Courses at the Undergraduate Level

The most prevalent finance courses at the undergraduate level include: 

  • B.Com in Finance
  • B.Com in Accounting & Finance
  • B.Com in Banking & Finance
  • BBA in Finance

Finance Courses at the Postgraduate Level

The most popular finance courses at the postgraduate level are: 

M.Com in Finance

  • It is a 2-year degree program
  • It is a specialized course in finance
  • It teaches about financial management, financial planning and systems, financial risk management,  financial operations, and wealth management.

  • It is a 2-year degree program
  • It is a specialized course in finance control. 
  • It teaches important topics such as the analysis of decision-making, financial controlling, financial management, the study of investment, and risk management

  • It is a 2-year postgraduate diploma program
  • It resembles an MBA in finance course
  • This course specializes in financial management

  • It is a 2-year degree program
  • It is a specialization course in finance.
  • It comprises the study of financial management. 

  • PhD in finance is a doctoral research course in finance
  • You can take up any one finance topic and research it.

Read More :

Finance Professional Certifications

The most popular finance professional courses are: 

Chartered Accountancy

  • It is a three-level certification course program.
  • The chartered accountant is in charge of managing the company's finances.
  • You are required to pass all the levels of exams to practice chartered accounting in India legally.


Company Secretary

  • It is a three-level certification course program
  • You must pass all the levels of exams to practice as a Company Secretary in India legally.
  • A CS regulates the business by working on its primary functions, such as different kinds of business decision-making and producing reports of the company's progress. 


Chartered Financial Analyst

  • CFA is a professional who works as a financial planner and carries expertise in investment and financial analysis
  • The US-based CFA institute regulates this certification. 


Certified Financial Planner

  • This certification is regulated by the Financial Planning Standards Board (FPSB).
  • It is an internationally recognized board that trains individuals in financial planning.


Certified Public Accountant

  • This certification is regulated by the American Institute of Certified Public Accountants (AICPA)
  • It provides training programs in the field of accountancy.

  • An individual can diversify their career by taking up CPA as a finance professional course.


Career Opportunities of Finance Courses

Choosing a career path is overwhelming. This decision is vital for you because it costs your position in life in the future. The decision becomes a bit easier when the career prospects of that career path are positive in the country. This is one of the vital parameters to gauge when choosing a career path. Well, Including various other career options, the finance career course is no different! You can witness various benefits of finance, including lucrative job roles and handsome salary structures. 

There are various lucrative career opportunities when it comes to jobs in finance. 

Quantitative & Analytical Roles

  • Data Scientist
  • Data Analyst
  • Research Analyst
  • Risk Analyst 
  • Risk Manager
  • Forex Currency Traders


Client-Facing Roles

  • Financial Analyst
  • Private Wealth Manager
  • Investment Consultant


Transaction-Focused  Roles

  • Investment Banker
  • Investment Strategist
  • Stockbroker
  • Sales and Trading
  • Portfolio Manager
  • Private Equity Associate
  • Chief Investment Officer

Top Finance Colleges for Pursuing Finance Courses

India has over 2,000 colleges and institutes that provide various types of finance courses. If you are planning to take up B.Com or M.Com degree courses in India, then you should prefer degree colleges. However, if you plan to take up an MBA course in finance, you must look out for a business school that specializes in financial management. NorthStar Academy will be your guiding source for all of your finance exam preparation requirements.

Below is a list of popular and top colleges that offer finance courses in India:

Degree Colleges

  • Shri Ram College of Commerce, Delhi University
  • Department of Commerce, Delhi University
  • Hansraj College, Delhi University
  • Aligarh Muslim University
  • RA Podar College of Commerce and Economics Mumbai
  • Christ University, Bangalore

  • SP Jain Institute of Management and Research, Mumbai
  • KJ Somaiya Institute of Management Studies and Research, Mumbai
  • Narsee Monjee Institute of Management Studies, Mumbai
  • Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR
  • Xavier Institute of Social Service (XISS), Ranchi
  • International School of Business & Media
  • National Institute of Bank Management, Pune
  • Institute of Public Enterprise (IPE), Hyderabad
  • SCMS School of Business, Kochi
  • MIT-SOB: MIT School of Business, Pune

Read More :

Conclusion

In a nutshell, finance career courses give a boost to your resumé. You can also relish the various benefits of finance, including lucrative jobs in finance because it is an integral part of business. You may gain the specialized finance proficiency you need to succeed in a career in finance by taking these courses and finance certifications. Thus, a career in finance is the best option to become a global leader in the world.  

Northstar Academy is specially designed to impart various finance professional courses and training programs like CFA, CA, CMA, CS, and financial accounting courses. With personalized mentorship and useful resources, you can earn finance certifications and take your first step towards building a finance career by taking some of the best finance courses. You will get real-time experience during the training of these finance professional courses with us and gain the specific skills exclusively required to gain expertise in the finance industry.

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Frequently Asked Questions

What are the opportunities in a finance career?

There are a plethora of finance career options in the finance industry. Being one of the most thriving industries in the world, you can discover many career opportunities in finance. Some of the most demanding and popular careers in finance include financial analyst, financial modeler, portfolio manager, investment banker, securities trader, and quantitative analyst. 

What is the concept of finance?

Simply stated, finance is how you manage money in business. It includes activities like financial planning, investing, borrowing, savings, budgeting, and forecasting. It is a process of how you channel the funds to those entities that need investments. You can witness a range of finance professional courses. These courses display their significance by extending greater career opportunities in finance. 

Why study finance?

You can witness various benefits of finance in the industry.  It is a pervasive industry. It has not lacked its luster to date. Studying finance will not only give financial literacy to you but also provide lucrative jobs in finance. With many finance career options and a scope of finance courses, finance is worth studying. 

Why is finance the best?

There are various advantages of finance courses and career as a whole. It is one of the most sought-after disciplines in business management and its operations. Finance is the best career option because it is a dynamic industry. It's an exciting field because of its advancement in research and development. Being a growing career option and having stable job role choices, finance is worth the effort. 

Which field is best for an MBA?

Though various fields in MBA are very popular and demanding, financial management is the top career option among all. You can find a lot of attractive and lucrative jobs in finance. Moreover, the top consultancy firms house some of the elite finance professionals of the world. Therefore, you can choose finance management as one of the top career options in an MBA.