this specialization opens up diverse possibilities in the financial world the students gain in depth knowledge and skills in the areas of financial management acquisitions and mergers banking and corporate financial planning upon completing this course students would be able to analyze company reports manage capital investments and forecast business trends although there is no specialized qualification bar to opt for an mba in finance a strong background in mathematics and accounting is preferredthe duration of the program is 2 years and the average course fee is around inr 1 20 lakh if you are seeking admission in the iims you must know that they dont offer mba with a specific specialization that means people dont receive the degree as an mba in finance from the iims instead everyone receives the degree of mba in general management however students can opt for their preferred electives in the second yearthe expected average salary ranges from 7 to 20 lakh per annum depending on the job profile after the masters degree in finance students can also pursue a doctoral degree in the same subject to further enhance their knowledgehere is the list of some popular institutes offering this specializationname of the institutecourse feeexam score recognized by the institutesp jain institute of management and research mumbaiinr 221 lakhcat gmatnarsee monjee institute of management studies mumbaiinr 2084 lakhnmat by gmackj somaiya institute of management studies and research mumbaiinr 187 lakhcat cmatlal bahadur shastri institute of management lbsim delhiinr 129 lakhcat gmatxavier institute of social service xiss ranchiinr 9 lakhcat cmat xat mat atmahow to get admission in mba financeeligibility criteriagraduation from a recognized universitya minimum aggregate of 50 in graduation this may vary depending on the collegeinstitutefinal year students awaiting results can apply for this program after obtaining a provisional certificate from their collegesome of the colleges may need you to have some prior work experience to get admission into this specializationthe following is the general admission process followed by most institutes colleges for admission in mba in financethe eligible students are supposed to clear the competitive entrance exams like cat xat mat nmat etcthe student who has obtained the percentile required by a particular college has to then appear for a round of group discussion and personal interview as part of the final selection processsome of the colleges also give direct meritbased admissionthe selected candidates need to pay the prescribed fees to secure their seatsstudy abroadif you wish to study abroad the following are the top universities for business and management as per the qs university rankingsharvard university usainseadlondon business school ukstanford university usamassachusetts institute of technology usathe most popular countries for this program are us uk canada and australia although every university has its own eligibility criteria the following are some common requirements that the aspirants need to fulfillbachelors degreeenglish language proficiency test score ielts toefla good gmat scorestatement of purposetranscriptletter of recommendationstudent visathe cost of studying abroad has two major components the tuition fee and the living expenses for