The need for professionals who can manage and interpret financial data in today’s data-driven world is increasing exponentially in the business world. An MBA in financial accounting can fulfil this demand as this specialised programme trains professionals with the skills and knowledge required for various finance-focused roles across industries. If you are considering pursuing an MBA as your postgraduate course, this article is for you. From understanding what an mba in finance is, to the expected salary once you graduate, to the prospects you have; everything and more is covered here.
Financial Accounting MBA is a postgraduate course. The focus of the degree is on accounting principles, financial management and decision-making. The course teaches both core business management subjects like marketing, and strategy and others with specialised accounting subjects like financial analysis, corporate taxation and auditing.
The programme is perfect for those who aspire to work as a Financial Analyst, Chief Financial Officer CFO, or Financial Consultant. This MBA course perfectly blends theoretical accounting knowledge with practical application in real-world business scenarios.
If you are planning to study this MBA, here are the subjects you will have to study.
If you are wondering if this is the right postgraduate course for you or not, then here are the reasons for pursuing an MBA in accounting and finance.
India's growing economy and the globalized business environment have spurred a massive demand for financial professionals. This has led to a massive demand for financial professionals who can interpret financial data, ensure regulatory compliance and make strategic decisions. Who is better than an MBA graduate to fulfill this role?
The degree is not just for corporate employment; as graduates, you can also opt for consultancy and entrepreneurship. Moreover, if you want to pursue employment, you can work in all kinds of industries, be it banking, manufacturing, IT, or FMCG.
As a professional, MBA graduates tend to earn more than others. Even among MBA graduates, MBA in financial accounting graduates have higher earning potential as their degree is a very specialized one and comes with leadership training. Even in entry-level positions like that of Financial Analyst, you can get attractive packages and have good growth potential.
Depending on where you are studying for your MBA, you can have a strong professional network among your peers, alumni, faculty and others. All these will help you build a successful career in finance.
Most Indian universities and B-schools have the following eligibility requirements:
Some of the premier institutes offering this programme include:
Known for world-class faculty and industry connections, IIMs offer specialisations in finance and accounting.
A leader in business education with a strong emphasis on financial management.
Offers a cost-effective yet comprehensive MBA programme with finance specialisation.
Renowned for its focus on global business practices and financial accounting.
Provides an industry-oriented curriculum tailored for financial roles.
There are also institutes offering MBA finance online courses tailored for working executives. If you are a working professional in the financial sector and want to improve your skill set, then you can go for our Futurense Uni program. Under this program, you complete your MBA at IIT Jodhpur School of Management And Entrepreneurship. There is no GATE or CAT requirement, and you get to be part of IIT Alumni! This course is specially designed for those looking to work in the digital economy and e-commerce companies as it has the perfect balance between business and corporate strategy along with a focus on Data Analysis, AI and Digital Finance.
An MBA in Financial Accounting can lead to a wide range of career opportunities. Here are some popular roles:
Analysing financial data to help companies make informed business decisions.
Overseeing the financial strategy and management of an organisation.
Helping companies to raise capital and also guiding them during mergers and acquisitions.
Checking all financial records to make sure they are correct and compliance with regulations.
Providing consultations on tax planning and compliance to individuals as well as companies.
Leveraging financial expertise to manage startups or family businesses.
The salary for MBA graduates in Financial Accounting varies based on the industry and role. Here’s a general overview:
Top recruiters include multinational corporations like Deloitte, PwC, EY, KPMG, HDFC Bank, ICICI Bank, and startups in the fintech sector.
Digital Finance is the future of financial accounting, and this MBA prepares professionals for this integration of technology and finance. For instance, our MBA Tech programme focuses on subjects like FinTech, blockchain, and AI-driven financial analysis. If you choose an MBA course that includes such subjects, you will be more than ready for the future and your demand in the job market will only increase.
An MBA in financial accounting is a gateway to a fulfilling career in finance, offering the perfect blend of theoretical knowledge and practical skills. For Indian students aiming to thrive in today’s dynamic economic landscape, this degree not only ensures career advancement but also positions them as strategic leaders in the financial world.
Whether you aim to work in a multinational corporation, establish your own business, or consult for organization, a Financial Accounting MBA is a worthwhile investment in a future filled with opportunities.