MBA in Finance Vs MBA in HR - Which Degree is Better?

MBA in Finance Vs MBA in HR

Every organisation requires a finance and HR department to manage its finances and human resources. An MBA in finance allows students to dive into the intricacies of financial markets and financial aspects of a business. Whereas an MBA in Human Resource Management imparts skills in managing and administering an organisation's human capital.

Check Out: Top MBA Specializations in India

MBA in HR Vs MBA in Finance: Eligibility Criteria

For MBA admission to top B-schools in India, candidates must meet the minimum eligibility criteria given below:

• Minimum 50% marks in the undergraduate degree from a recognised university.
• Must have taken and met the minimum cut off of an MBA entrance exam accepted by the respective MBA college in India.
• Candidates must clear the WAT, GD and PI rounds if required by their respective colleges.
• Work experience if demanded by any B-school as one of its shortlisting criteria.

MBA Entrance Exams in India

Candidates wanting to pursue an MBA programme must appear for any of the following national state and university-level MBA entrance exams for admission to top MBA colleges in India.

National Level MBA Entrance Exams

• CAT
• XAT
• CMAT
• NMAT
• SNAP
• MAT
• IBSAT
• ATMA
• CUET PG MBA

State-Level MBA Entrance Exams

• MAH MBA CET
• OJEE
• AP ICET
• TS ICET
• KMAT Kerala
• KMAT Karnataka
• TANCET

University-Level MBA Entrance Exams

• PUCAT
• UPESMET
• B-MAT
• HPU MAT
• SPSAT

Also Read:

• Online MBA in Finance
• Online MBA in Human Resource Management

MBA in Finance Vs MBA in HR: Curriculum

The MBA in HR and MBA in Finance curriculum offers both practical and theoretical knowledge to help candidates put their best foot forward in the corporate world. Their MBA in Finance and MBA in HR curriculum provides in-depth knowledge of its core and elective subjects along with skill development.

MBA in Finance

MBA in Human Resource Management -

Along with these subjects and skills, the curriculum also offers hands-on industrial projects, case studies and internships for corporate experience and practical knowledge.

MBA in Finance Vs MBA in HR: Career Prospects

The key difference between an MBA in Finance and an MBA in HR in their career prospects is that an MBA finance graduate focuses on managing financial resources, optimising investments, and minimising risks to increase profitability and shareholder value. On the other hand, MBA in Human Resources graduate focuses on managing human capital and nurturing better employee engagement, and they align HR practices with organisational goals to drive performance and innovation.

MBA in Finance: Career Prospects

• Financial Analyst: Conducts quantitative analysis of financial data to inform decisions regarding investments, pricing, and risk management.
• Investment Banker: Facilitates capital raising, mergers, acquisitions, and other financial transactions for corporations and governments.
• Risk Manager: Identifies, assesses, and minimises potential risks to a company's financial performance, including market, credit, and operational risks.
• Financial Consultant: Offers expert guidance on financial matters to individuals, businesses, and government agencies, assisting in wealth management, taxation, and strategic planning.
• Corporate Treasurer: Manages an organisation's financial strategy, including cash management, risk assessment, and investment decisions.
• Asset Manager: Oversees the investment portfolios of individuals or institutions, making decisions to maximise returns while staying within acceptable risk limits.
• Financial Controller: Ensures accurate financial reporting, compliance with regulations, and effective internal controls within an organisation.

MBA in Human Resources Career Prospects

• Human Resources Manager: Develops and implements HR strategies to attract, retain, and develop talent within an organisation, overseeing recruitment, training, and performance management.
• Talent Acquisition Specialist: Identifies, evaluates and selects candidates from a pool of applicants for job openings, ensuring a high-quality talent pipeline for the company.
• Employee Relations Manager: Handles employee grievances, disciplinary actions, and conflict resolution processes, fostering a positive work environment and ensuring legal compliance.
• Compensation and Benefits Manager: Designs and administers employee compensation and benefits programmes to attract and retain top talent while ensuring cost-effectiveness and compliance with regulations.
• Organisational Development Consultant: Identifies opportunities to enhance organisational effectiveness and employee engagement through initiatives such as culture development, change management, and leadership training.
• HR Business Partner: Collaborates with business leaders to align HR strategies with the company’s objectives, guiding workforce planning, performance management, and talent development.
• Learning and Development Manager: Creates and delivers training programmes to improve employees' skills and knowledge, supporting career development and succession planning initiatives.

Check Out:

• MBA in Finance Career Options
• MBA in HR Career Options

MBA in Finance Vs MBA in HR: Top Colleges

Choosing the right colleges is a very important decision for any candidate willing to pursue an MBA. The MBA colleges must be chosen by considering factors like fees, curriculum, placements, etc. Below is the list of the top colleges for MBA in finance admission and MBA in HR admission.

Top MBA in Finance colleges in India

• IIM Ahmedabad
• IIM Bangalore
• IIM Calcutta
• IIM Kozhikode
• FMS, Delhi
• Jamna Lal Bajaj Institute of Management Studies (JBIMS) Mumbai
• SIBM Pune
• SPJIMR
• MDI, Gurgaon
• XLRI-Xavier School of Management, Jamshedpur
• IIFT
• SJMSOM, IIT Bombay
• National Institute of Bank Management (NIBM) Pune
• Department of Management Studies, IIT Delhi
• NMIMS Mumbai
• IMT, Ghaziabad

Top MBA in Human Resources Colleges in India

• XLRI Xavier School of Management, Jamshedpur
• MDI Gurgaon
• Tata Institute of Social Sciences, Mumbai
• International Management Institute, Delhi
• Symbiosis Centre for Management and Human Resource Development, Pune
• Indian Institute of Management Ranchi
• Indian Institute of Management Kozhikode
• XIMB
• NMIMS, Mumbai
• Department of Management Studies, Indian Institute of Technology Roorkee
• Shailesh J. Mehta School of Management, IIT Bombay
• Great Lakes Institute of Management, Chennai