MBA Finance: Most Desired Specialization

MBA is considered as the most popular choice of post graduation studies amongst students. The growth in the number of business schools in India rightly reflects the changing trend in Indian education system. More and more students are opting for MBA courses over the other post graduation programs.

A degree in business management is likely to give one a head start in his career. But, even for a MBA student it is important to choose the right specialization as it can greatly influence ones scopes for development in the future. There are a wide range of choices available now to the students. One can choose to specialize in –Marketing, Finance, Human Resource, Information Technology, Retail Management and many more. This can be quite confusing to students seeking admissions to the business schools.

As a rule of thumb though, the choice of the subject is likely to depend on factors like-

·        One's interest in a subject and aptitude.

·        Evaluation of future prospects of the subject and prospect of employment.

·        One's drive to become entrepreneur once successfully completing the course.

·        Peer pressure and pressure from parents.

The student, however, shouldn't submit to peer pressure and common trends while choosing MBA courses, rather, he/she should be guided by his/her interest and aptitude. Specialization in Finance is amongst the favorites within students because of its wide acceptance.

Why MBA in Finance remains a favorite choice

Apart from the conventional MBA courses specializations, new MBA courses, such as MBA in Health Management, Hotel Management, Sports Management and the like, are also offered by the business schools. But most of the students still prefer to stick to the specializations in Marketing, Finance, Human Resource.

The changes in the global economic scenario has made finance one of the favorite choices for MBA specializations. Due to the open market policy of the government, the demand for finance professionals have also increased in India, which in turn has given rise to the demand of finance specializations inbusiness schools. Students with specialization in finance are likely to find employment in industries like- banking, investment, stock market so on and so forth.

The growth in the Indian stock market has opened a new avenue for MBA Finance students. The growing stock market has generated demand for finance specialists as stock brokers and portfolio managers these factors have made finance one of the most sought after specializations in MBA courses.

Who are suitable for MBA in Finance?

Though MBA in Finance is the most desired one by the students but it might not suit all. Following are the criteria that one should possess or master if he/she wants to pursue MBA courses in Finance.

·        One must possess strong analytical and reasoning skills.

·        As the subject of finance involves calculation, strong quantitative aptitude is needed by the candidates.

·        Strong problem solving and decision making ability are other desired criteria.

Almost all the business schools in India offer specialization in Finance. However, the student has to choose the one which has the best course to offer. Some of the best MBA courses are offered by MBA Delhi institutes.

The MBA Delhi institutes have wide acceptance both domestically and internationally and some of these business schools also rank very high in the list of top MBA courses. The MBA Hyderabad is also favorite amongst the students, especially that of eastern India because of its closeness from their home cities. That is why good many students from Kolkata joins the MBA Hyderabad institutes. Amongst the international choices MBA Singapore is quite favorite for courses in finance.

As the world economy would become more intertwined in the coming days the charm for specialization in Finance would continue and quite likely the business schools would continue offering specialization in Finance.