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MBA in finance Vs MBA in HR: Master of Business Administration (MBA) is one of the most sought-after postgraduate programmes in India. Choosing the right MBA specialisation is the most important decision one must carefully make. MBA in Finance and MBA in Human Resources are two of the most opted specialisations. Go through the complete article to know the eligibility criteria, career prospects, comparison between MBA in HR vs MBA in Finance, etc.
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Also Read: How To Choose Your Specialization In MBA
Every organisation requires a finance and HR department to manage its finances and human resources. 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
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 criterias.
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.
Question- What is the duration of MBA in finance and MBA in HR?
Answer- Both MBA in HR and MBA in Finance are two-year full-time programmes divided into four semesters having two semesters each year.
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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.
Features | MBA in Finance Subjects/Skills |
Core Subjects |
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Elective Subjects |
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Skill Development |
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Features | MBA in HR Subjects/Skills |
Core Subjects |
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Elective Subjects |
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Skill Development |
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Along with these subjects and skills, the curriculum also offers hands-on industrial projects, case studies and internships for corporate experience and practical knowledge.
The key difference between MBA in Finance and 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, nurturing better employee engagement, and they align HR practices with organisational goals to drive performance and innovation.
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.
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.
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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
Top MBA in Human Resources Colleges in India
XLRI Xavier School of Management, Jamshedpur
MDI Gurgaon
Symbiosis Centre for Management and Human Resource Development, Pune
Indian Institute of Management Kozhikode
NMIMS, Mumbai
Department of Management Studies, Indian Institute of Technology Roorkee
Shailesh J. Mehta School of Management, IIT Bombay
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
To know about this please prefer our college predictor
Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
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