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An Online MBA in Finance Management is a specialized master’s degree program designed for professionals looking to advance their careers in corporate finance. This comprehensive guide covers everything you need to know about pursuing an Online MBA in Finance Management in 2024.
An Online MBA in Finance Management is a master’s degree program focused on teaching core business skills, emphasizing financial management, analysis, and strategy.
Topics covered usually include:
The curriculum provides working professionals the knowledge and skills to take on leadership roles in financial planning, analysis, and decision-making.
Pursuing an Online MBA in Finance Management offers many advantages:
The ideal time to pursue an Online Finance MBA is when you have:
Starting with a few years of professional experience allows you to absorb MBA course material better and immediately apply concepts learned.
Here are some of the most affordable accredited Online MBA programs offering a finance concentration or specialization:
| University | Online MBA in Finance Management Starting Fees |
|---|---|
| Manipal University Online | INR 1,50,000 |
| Jain University Online | INR 1,60,000 |
| DY Patil University Online | INR 1,40,000 |
| Amrita University Online | INR 1,40,000 |
| LPU Online | INR 1,30,000 |
| UPES Online | INR 1,20,000 |
| BIMTECH Online | INR 2,75,000 |
| Chandigarh University Online | INR 2,00,000 |
| GLA University Online | INR 75,000 |
| Amity University | ₹60,000 |
| ICFAI University | ₹1,05,000 |
When researching programs, be sure to look beyond just tuition rates. Also factor in fees, financial aid options, program length, and career support services.
While curriculums vary, a typical Online Finance MBA covers core business foundations plus finance specialization courses.
| Core Courses | Specialization Courses |
|---|---|
| Leadership | Financial Accounting |
| Marketing | Corporate finance |
| Operations | Financial markets and institutions |
| Managerial Accounting | Investments portfolio management |
| Micro & macroeconomics | Mergers & acquisitions |
| Data analysis | International Finance |
| Organizational behavior | Financial modeling |
| Business strategy | Financial statement analysis |
Common electives include real estate finance, risk management, fixed-income securities, behavioral finance, and fintech. Programs range from 30-60 credits and can be completed part-time in 1-3 years. Accelerated options allow completion in 9-12 months.
MBA programs structure finance content in two main ways:
| Concentration | Specialization |
|---|---|
| Typically 4-5 courses | 5+ in-depth finance courses |
| Broad overview of finance | Extensive focus on finance |
| Offers flexibility | Targeting finance leadership roles |
A specialization is recommended for those seeking senior finance positions like CFO or Financial Controller.
To succeed in an Online Finance MBA, valuable skills include:
Developing these abilities will equip you to handle the curriculum and thrive in finance leadership roles.
Admissions requirements for an Online Finance MBA include:
Prepare early, as top schools have selective admissions. Leverage campus resources like writing centers for application help.
A finance concentration includes fundamental courses like:
Concentrations provide flexibility to complement finance with other interests like marketing or analytics.
Key differences between online and on-campus MBAs include:
| Online MBA | On-Campus MBA |
|---|---|
| Lower tuition on average | ₹3,000,000-₹4,500,000+ tuition |
| Allows working while studying | Must quit job to attend full-time |
| 1-3 year part-time pace | 2 year accelerated pace |
| Live video lectures | In-person lectures |
| Discussion boards for interaction | In-person group work |
| Pre-recorded seminars | Live guest speaker events |
| Virtual networking | In-person campus networking |
| Flexible scheduling | Fixed class schedule |
An online program offers convenience and flexibility, while an on-campus program provides immersive face-to-face learning. Choose based on your needs and learning style.
Pursuing an Online Finance MBA can provide strong ROI for many professionals, but consider your specific goals and current career stage.
It is worth the investment if you:
Compare the cost to potential boosts to your salary and job prospects. For finance roles, an MBA provides the advanced skills often required. The flexible delivery of online programs allows working professionals to earn an MBA without career disruption.
Thoroughly research programs to choose one with curriculum, networking, and career support that will help you reach your goals.
An Online Finance MBA opens doors to lucrative leadership roles like:
Top employers include commercial banks, investment banks, asset management firms, Fortune 500 companies, consulting firms, and fintech startups.
The financial expertise and business acumen gained make candidates highly attractive for senior corporate finance positions and strategic financial roles across industries.
According to Payscale, the average salary for MBA finance graduates is ₹8,500,000, with top earners over ₹11,000,000.
Salaries vary significantly based on:
Overall, completing an Online Finance MBA can provide a salary boost of ₹1,500,000-₹3,500,000+. Your increased knowledge and credentials make you qualified for higher-paying leadership opportunities.
Program length depends on whether you study full-time or part-time.
Accelerate your timeline by taking summer courses or heavier course loads. Some schools allow up to 5 years maximum for flexibility.
Factors impacting duration include:
The convenience of online programs allows working professionals to complete an MBA without putting their careers on hold.
The cost of an Online Finance MBA varies by program but averages around ₹2,000,000 to ₹4,500,000 in total.
You will want to account for:
Scholarships and financial aid like student loans can help offset costs. Many programs offer discounted tuition for military, alums, or partner organizations.
Compare total program costs as you research schools to find the best option balancing affordability and value.
Financing options to pay for an online finance MBA include:
Combine multiple options to limit loans and graduate with less debt. Search and apply early as deadlines exist for most aid opportunities.
When researching Online Finance MBA programs, look for:
Thoroughly explore options to find the best program that fits your needs and aspirations.
Yes, an online MBA in finance management is as valid as a regular on-campus MBA. UGC DEB and all significant universities approve online MBAs. The course curriculum and degree awarded are the same.
You can get jobs like Finance Manager, Investment Banker, Financial Analyst, Asset Manager, Risk Manager, Corporate Treasurer, Financial Consultant etc. Top recruiters include banks, financial services firms, consulting companies, corporations, etc.
Work experience is not mandatory but preferred. Fresh graduates can also apply, but some practical work experience helps them better understand the finance concepts taught in the program.
The course fees range from Rs. 1 lakh to Rs. 3 lakhs, depending on the university. Many institutes offer easy EMI options. Scholarships are also available based on merit.
The duration is typically two years, similar to a regular MBA. However, the online mode offers more flexibility to complete at your own pace within the maximum allotted 4-6 years.
An Online MBA in Finance Management provides professionals with the sophisticated financial acumen needed for leadership roles in corporate finance, investments, financial analysis, strategic planning, and more.
This flexible master’s degree equips students with financial expertise while allowing working adults to study part-time and advance their careers.
With rigorous curriculum, excellent faculty, and career support, an accredited online finance MBA can deliver strong returns on investment for many business professionals seeking financial leadership positions and higher earning potential.
