Definitely an MBA Specialization in Finance is one of the most popular courses to go in for. It helps individuals to learn the professionalism involved in working with a variety of industries, as well as investment services and of course commercial banking. Students are offered the analytical skills needed to develop financial thinking, maintaining balance between profitability and risks, making managerial decisions and overall understanding the world of corporate finance.Students get to learn from stock market analysis, marketing trading and volatility, corporate finance, issues of bankruptcy, use of financial tools and instruments, foundations of finance, the working of global economy along with risk management. They can also focus on a particular area of their core interest and further delve deeper into it.
Skills needed to excel in MBA with specialization in Finance
Quantitative skills are extremely important when it comes to opting for MBA Specialization in Finance. The students needs to groom themselves with multi-tasking abilities to interpret the numbers and thereby draw conclusions from it so that changes can be made in the financial strategies. Some of the skills required include:
1. Receptiveness to learning the tools to participate in financial decision making for different businesses
2. Expertise in financial modeling strategies via Excel
3. Developing quantitative reasoning concepts
4. Performing equity and debt capital structuring research
5. Learning statistical analysis and quantitative skills
6. Understanding business regulatory affairs
7. Learning complex global logistics and integrating with high-speed training
8. Quantitative and qualitative analysis of financial risk managements
9. Basic understanding of financial and accounting needs of firms
Apart from these specific skills, the basic skills that are needed include adaptability to change, risk management, professional networking endeavors, sound inter-personal communication and problem solving as well as analytical skills.
Curriculum for Specialization in Finance
The broad modules in a Finance course include:
• Financial Firm Management: It deals with understanding the finance of banking and of course, the future of banking. Important case studies are highlighted with real-life examples. Often leading industry executives would also be giving lectures to explain the real time scenario.
• Investment Management: The course focuses on the money management industry and includes the basics of asset management in firms and corporations. The students are taught everything from product design, growth and profitability, organizational design, performance evaluation to equity markets, portfolio-risk management, tactical asset allocation and sound investment strategies.
• Investment in Emerging Markets: The course includes identifying and analytically dealing with the emerging markets, especially in terms of investment. It teaches the fundamentals to deal with navigational challenges in executing investments, understanding the business models and linkages between them. The core of the course helps the student to understand, plan, finance and deliver real life instances of investment portfolios.
• Entrepreneurial Finance: The course helps students to understand financial decisions specific to entrepreneurial firms. It includes the entire venture lifecycle starting from start-up to the exit, and deals with various concepts such as evaluation of the business model, structuring incentives and deal structures. Technology-oriented business entrepreneurship is taught for the MBA Specialization in Finance.
• Corporate Restructuring: The course deals with understanding the restructuring challenges that comes across while companies go for negotiating with the financial contracts and how the commitments are generated and met in between the employees, creditors, suppliers, shareholders and stakeholders. The restructuring of the company’s operations is explained through real life case studies and private lectures of executives dealing with this field. It also deals with other aspects such as debtor in possession financing, prepackaged bankruptcy, mergers, buyouts, corporate layoff and other downsizing programs.
Potential Career Options after Graduation
There are hundreds of potential career options for those who choose for MBA Specialization in Finance. They can head for variety of positions which include but are not limited to Financial Planner, Stock Broker, Treasurer, Commodities Trader, Pension Funds Manager, Controller and Insurance Adjuster, to name only a few. Other job options include those in the domains of risk management and insurance, financial planning management, trust administration, credit management and sales. Due to its wide demand and well acknowledged involvement, there is no dearth of sound and long-term career paths after opting for MBA specialization in Finance.