Online MBA In Finance Management

If you’re a graduate equipped with dynamic decision-making skills, comprehensive data evaluation, and logical analysis, looking forward to taking a step forward in upskilling your career, an MBA in Finance Management might just be the way for you. Online MBA in Finance Management is a continuously advancing career for furnishing students with commercial or finance management, time management, account management, and risk management skills.  Let us look at the Online MBA in Finance Management in detail. 

Key Features of Online MBA in Finance Management

• Online MBA in Finance Management course consists of four semesters over the span of 2 years
• For candidates interested in advancing their careers in financial management, MBA is a postgraduate degree. 
• The distance learning program is UGC-DEB approved and thus holds the same value as a regular MBA.
• The average fees range from 30,000 INR to 3,00,000 INR, depending on your chosen university. 
• The career options and job opportunities to explore are endless, with lucrative salaries.
• The skills that are polished include budgeting, cash management, and account management, among others.

Subjects/Syllabus

An Online MBA in Finance Management offers a list of subjects each semester. 

Application Criteria

Since this is a master's course, there are some criteria that students must fulfil before admission to any university. The eligibility criteria for an Online MBA in Finance Management are listed below. 

• The student must have a bachelor’s degree and should have graduated from a recognised university.
• The minimum score of the candidate should be 50% of the aggregate marks in the qualifying examinations. 
• However, some universities prefer to conduct their entrance examination. For example, IGNOU takes in students based on their scores in the OPENMAT exam. 
• Candidates working full-time after graduation can also enrol in this course to propel their career to new heights.

Course Duration

The online MBA in Finance Management lasts the same as a regular MBA. The duration of this course is 2 years divided into four semesters of six months each. However, the candidates are given two more years to pass all the exams. Hence, the course can last from a minimum of two to a maximum of four years. This ensures that students who are employed and working full-time get sufficient time windows to complete their MBA comfortably. 

Admission Process

The Online MBA in Finance Management admission process is conducted virtually on the university's official website. Let us have a look at the steps you will need to follow in order to get admission to this program:

• Check out a number of universities and compare their features like faculty, learning hours, and fees. 
• Choose the university that suits your choice the best and visit its official website. 
• Register yourself as a new user and log in with the proper credentials. 
• Choose the respective course and start filling out its application form. 
• Add in all the correct details and check multiple times. 
• Attach the required documents with the correct file type and size. 
• Next, in the payment window, pay the application fees required by the university. 
• Make the final submission and download the application form for future reference. 
• The university will reply to you via email. Pay the tuition fees for the final step of admission. 

Specialisation

Listed below are some more specialisations that an online MBA degree has to offer other than Finance. 

1. MBA Online Operations
2. MBA Online in HR Management
3. MBA Online in IT Management
4. MBA Online in Healthcare
5. MBA Online in Project Management
6. MBA Online Financial Insurance
7. MBA Online Trade Management
8. MBA Online Fintech
9. MBA Online International Finance
10. MBA Online Banking and Insurance
11. MBA Online Digital Entrepreneurship
12. MBA Online Financial Markets

These are just a few of the options available in Online MBA!

Career Opportunities

The primary rationale behind graduates pursuing an Online MBA despite having a job is a boost in their salary. The flexibility of distance learning allows you to manage studies and a job simultaneously. Here are some job positions for graduates with an MBA in Finance Management listed with their package. Please note that individuals with work experience in this field can expect higher wages. 

1. Derivatives Structuring — 11 LPA 
2. Asset Management — 6.8 LPA 
3. Hedge Fund Management — 4.8 LPA
4. Private Equity — 17 LPA
5. Credit Risk Management — 8 LPA
6. Corporate Finance — 6 LPA

Other Modes of Courses After Online MBA in Finance Management

Multiple certificate courses are available for people looking forward to further upgrading themselves. Here are a few listed below.

Financial Risk Management: GARP (Global Association of Risk Professionals) recognises Financial Risk Management as the best source of gaining core practical knowledge on market, credit, and liquidity risks. There are only 30,000 professionals with specialised skills in this field, so the opportunities for propelling your career forward are endless. 

Quantitative Finance Course: Mathematical tools and large data sets are used to analyse securities and financial markets. These techniques are taught in the Quantitative Finance Course. This includes the functioning of derivative securities, their pricing process, portfolio management applications and risk management related to them. Several diploma, master's, and certificate courses are available in both online and offline modes offered by many universities.

Certified Financial Planner (CFP): This financial planning course includes investment, retirement, tax and insurance planning. The two Status options available are Regular and Challenge Status. The Regular Status is for MBA graduates, and the Challenge Status is for those who have completed their studies. To qualify, candidates must pass five tests held thrice a year. 

Top Hiring Firms

Highly talented individuals with a Finance Management degree at the most renowned schools are guaranteed to get placements at the best firms with a handsome salary. Here are some of those firms:

• JP Morgan
• Morgan Stanley
• Goldman Sachs
• McKinsey
• Bain and Company
• BCG
• ICICI Bank
• Deutsche Bank
• KPMG
• Barclays
• State Bank of India
• HDFC 

Top Universities 

Here is a list of universities that offer Online MBA in Finance Management with their entrance procedures and fees.

Conclusion

Distance, remote, or online MBA in Finance Management is a two-year-long course that can be completed in a maximum of four years. An online degree in MBA enables you to be eligible for several job opportunities in both the private and the government sectors. You can build a well-endowed job profile as an investment banker or in stock markets or corporate organisations. If you have made your decision to take admission in Online MBA, check these universities and apply.