What is an MBA in Finance?
The MBA Admission Process in Finance is a two-year graduate program. It manages the accounting and finances of companies to achieve specific financial goals. An MBA in Finance prepares students with a deep understanding of pricing, wealth management, risk management, financial planning, and more. An MBA in Finance is the right career choice for students with strong financial and analytical skills and a deep understanding of financial models and the stock market.

Due to the increasing popularity of MBA programs in Finance, they are now available in full-time, part-time, executive, and online modalities. Students with a bachelor's degree in Business Administration or another bachelor's degree can pursue an MBA in Finance. Additionally, applicants who have a master's degree in another field of study may consider an MBA in Finance to advance their careers. The MBA in Finance covers a wide range of topics such as financial management, financial planning, cost of capital, and more. During the program, candidates learn to apply their theoretical knowledge to the real world of finance and trading.

Why an MBA in Finance?
The MBA in Finance is beneficial for students who want to succeed in finance and advance their careers. According to expert reports, the banking and finance sector is expected to create jobs for 8.4 million people in the next 6 to 8 years. Among all other MBA programs, the MBA in Finance program offers you the best job opportunities with high earnings.

1. The growth of the financial sector in India is around 8.5% annually. This means that an MBA in Finance in India offers great growth opportunities.

2. In both the public and private sectors, the usefulness of financial analysts is very important. Finance is an industry that is not limited to any particular industry but is very diverse. Responsible for maintaining cost and capital requirements for areas like marketing, human resources, sales and operations, etc.

3. Boston Consulting Group, Bain & Company, JP Morgan Chase & Co, McKinsey & Co, Barclays, KPMG, State Bank of India, and HDFC are the top companies recruiting MBA graduates in finance.

4. Roles in the financial process are constantly evolving and changing. Therefore, professionals in this discipline have a high chance of further career development in a short period of time.

5. A fresh graduate of an MBA in Finance from a Tier 2 Business School can earn a salary of INR 6 LPA to INR 8 LPA.

MBA in Finance Admission Process

The admission process for an MBA in Finance typically involves several steps to ensure that qualified and motivated candidates are selected for the program. While specific requirements may vary across institutions, the following is an overview of the typical admission process for an MBA in Finance: MBA in Finance Eligibility Criteria Almost all universities follow more or less the same admission criteria for admission to MBA programs. However, slight variations in the minimum percentage required, relaxation and reservation are possible: 

1. Students must have a 50% bachelor's degree in any discipline or equivalent GPA from an accredited university or college.

2. Top MBAs in Finance can apply for an overall score of more than 80%.

3. A 5% discount is available for students from SC/ST/PWD backgrounds.

4. Admission to final years can also be sought, provided the university has given approval.

5. Some universities require at least 1-2 additional years of work experience in finance, banking or accounting.

Entrance Exams for MBA in Finance

Applicants are selected based on their undergraduate studies and their results in the entrance exam. The initial approval process is detailed below: 

1. There are many entrance exams for MBA in Finance such as CAT, XAT and CMAT.

2. Successful candidates will be invited for an individual interview and a series of group exchanges. 

3. Selected applicants at all levels may pay an annual fee to confirm admission.

MBA in Finance Fee Structure
The fee structure for MBA in finance programs in India varies based on the college and program chosen. Typically, the fees fall within the range of INR 15 lakhs to INR 25 lakhs for the entire duration of the program. Apart from tuition, additional expenses like hostel charges, mess fees, and other miscellaneous costs might apply. The specific amount can differ depending on the college and the student's accommodation preferences.

Here are some of the factors that influence the MBA in finance fee structure in India:

Name of College     MBA finance Annual Fees
IIT Kharagpur     INR 3.7 LPA
IIM Lucknow      INR 19.25 LPA
IIM Calcutta       INR 23 LPA
IIM Bangalore    INR 25 LPA

MBA in Finance Direct Admission 
In case of direct admission, students must apply to the relevant universities. A performance assessment is then made based on the grades obtained in the university studies and the assessment of the applicant's profile. Students may be called for an interview or a personal consultation may be held. Successful applicants must pay the tuition and other related fees and are subsequently admitted to the business school.