MBA Finance: Master of Business Administration in Finance is one of the significant specializations in the business and management field of study. The two-year professional program in Finance and Management is designed to provide students with the excellence and skills in management and leadership needed to complete the financial accounting process with ease by utilizing specific plans, as well as human and technical resources.
MBA Finance usually covers some interestingly designed subjects that help students train accordingly, i.e., Business Law, Direct and Indirect Taxation, Cost and Management Accounting, Capital Market and Portfolio Management, Corporate Finance, Strategic Cost Management, and so forth.
In order to get admission to the MBA in Finance postgraduate degree program at any approved university, it is necessary to hold a bachelor’s degree in commerce or a related stream. The average fee for the Finance degree program in the MBA normally ranges from 32,000 to 1.76 lakh Indian rupees per semester.
Benefits of Pursuing an MBA in Finance: An MBA is a professional program designed to develop specific skills that can be used to obtain employment in a variety of fields. Aside from professional opportunities, the course is well-known for its excellence in developing individuals’ personalities by instilling certain characteristics that can be used throughout their lives.
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MBA Finance Admission 2024
MBA Finance admission is currently open at Amity University Noida and Lovely Professional University for the academic session 2024-25. The date of closing admissions is not that far away; therefore, students must submit applications to any of the universities mentioned above as soon as possible by using the online application portal.
The admission portal for the MBA in Finance degree program at Amity Noida and LPU can be accessed on their official websites. The application fees for LPU and Amity University Noida’s MBA specialized degree programs are 1000 and 1,500 Indian rupees, respectively. The fee is also acceptable from students via digital payment modes, i.e., net banking, credit card, debit card, UPI, wallet transfer, etc.
The above universities and other regular institutions in the country generally rely on academic and entrance examination-based merit to offer admission to the MBA degree program. There are numerous entrance examinations approved for admission to the MBA in Finance degree program.
MBA in Finance Eligibility Criteria:
The minimum admission criteria cum eligibility requirements for admission to the MBA in Finance advanced degree program are perfectly detailed below.
- A candidate has to pass at least a three-year undergraduate or equivalent level degree in commerce or mathematics as the major subject from a recognized university.
- The minimum score to hold at the bachelor’s level has to be at least 50 percent.
- Anyone with a background of Scheduled Caste, Scheduled Tribe, Transgender, or Physically Disabled gets a five percent reduction.
MBA Finance Entrance Examinations:
There are a variety of national, state, and university-level entrance examinations used by UGC-approved universities to approve admission to the MBA in Finance degree program. The list of some of the prolific entrance examinations with their basic descriptions is given below.
Common Admission Test (CAT): The management entrance examination, CAT, is conducted by the Indian Institute of Management in computer-based test (CBT) mode. The examination has been introduced to give admission opportunities to MBA-designed programs.
Candidates who pass the CAT with a required grade and score a minimum percentage in the bachelor’s degree can get admission to the MBA in Finance program in most of the colleges or universities in India. The CAT Examination is typically scheduled for three hours. The fee for this national level entrance examination is 2,300 Indian rupees.
Common Management Admission Test (CMAT): CMAT is yet another entrance examination conducted to judge business and management aptitude for admission to an MBA degree program. The management entrance examination of three-hour duration is administered by NTA.
It is organized in computer-based test (CBT) mode. The examination fee for the MBA in Finance entrance test—CMAT— is INR 2,000.
MBA Finance Fee Structure
The MBA Finance professional degree program fee is completely based on diversity. Mostly, the tremendous disparity in the fee for the MBA Finance degree program is seen in private and public/government-oriented universities. The details about both can be attained in the fewer sections.
- Private universities/institutions/colleges do not mind charging high tuition fees because of the services they provide, ranging from infrastructure to technology-based learning, to improve education. The average annual fee for the MBA Finance program at private institutions is 84,000-2.73 lakh Indian rupees.
- The MBA in Finance program at government or public sector universities costs between 42,000 and 81,000 Indian rupees per year.
MBA Finance Admission Process
The MBA Finance Admission Process has two acceptable modes; online and offline. At present, most universities prefer to follow the online mode; however, some are still sticking with the conventional mode of accepting applications for admission to the MBA degree program. It is preferable that we check the following two units to understand each of the admission processes and become acquainted with them.
MBA Finance Online Admission Process: The MBA in Finance postgraduate degree program’s online admission process has been perfectly replicated below.
- Go to the university’s website and search for MBA Finance.
- Start filling out the registration form.
- Validate the shared email ID and mobile number to complete the registration process.
- Log in to the application form and select the MBA Finance program.
- Please complete the document upload requirement.
- It is usually necessary to pay an application fee in order to submit an application.
MBA Finance Offline Admission Process: The offline admission process for the MBA postgraduate degree program is fully laid out below.
- Aspirants must obtain a hard copy of the application form.
- The form can be downloaded or purchased from the university’s admissions office.
- Follow the instructions on the admission form.
- After completing the required sections of the MBA Finance application form, remember to self-attest the application form and required documents.
- To submit the MBA Finance Application form and Documents, go to the admissions window.
Note: Admission to the MBA Finance Professional degree program will be granted to applicants who have provided accurate information and shared all required correct documents.
