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Which One is Better - MBA in Finance or MBA in Marketing - MBA (Masters of Business Administration) is a globally recognised, sought-after degree that centres around developing skills and knowledge in business and management. The different career prospects that MBA has along with the various MBA specialization options to choose from can lead to endless indecisiveness and confusion among students such as MBA finance vs MBA marketing. It is important to make an informed decision when you’re at a tough crossroads of choosing your specialization in MBA.
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MBA in Finance and Marketing are the two most popular specializations. “MBA in Finance or MBA in Marketing?” is the most common question which floods the mind of an MBA aspirant. Even though both specializations revolve around the fundamentals of business, they are still significantly different from each other on various levels: their different curriculum, different skills requirements for them, the different career opportunities they offer, etc. Puzzled students can make a wise choice to solve their dilemma about MBA course– finance or marketing which is better,
With proper knowledge about exactly what both the courses offer, what your personal interests are and which career path you want to walk on, it will be easy to choose between Marketing or Finance MBA.
Take a look at below the individual understanding of MBA Marketing and MBA Finance.
As the name suggests, MBA in Finance predominantly focuses on the financial aspects of business and management. The various finance courses included in this specialization will systematically train students in the field of financing, auditing, budgeting, accounting, managing financial resources, analyzing data, handling investments, evaluating risks and making financial decisions for businesses.
If you are good with numbers and have a statistical mind, you should definitely consider pursuing this specialization. It would be beneficial if you have a strong background in Mathematics and Accounting if you choose Finance, however, it is not a prerequisite. You would be taught various financial concepts. The curriculum would include the following:
MBA in Marketing is a very popular and beneficial degree. In the age of globalization and technology, with digital marketing becoming the core of every business, every organization has opportunities and prospects in marketing. MBA in Marketing program is designed to teach students various concepts such as marketing strategies, branding, promotions and promotional strategies, consumer behaviour, attracting potential customers, advertising, public relations, communication, market research, increasing sales and market-oriented strategy planning. Creative students who can think of out-of-the-box ideas would excel in marketing and are advised to choose this specialization. The curriculum would include the following:
Also Read: MBA in Marketing or Sales
When you are on the threshold of choosing between Finance and Marketing specializations, you should always keep the following points in mind and base your decision in accordance with them:
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Interest and aptitude go hand-in-hand. Interest is what your preference is and aptitude is what you’re suited to and capable of doing. Students should choose between MBA in Finance and MBA in Marketing based on what they like and which specialization they’re more suited to succeed in. If you have an interest in playing with numbers and analyzing figures, you should opt for Finance. If you have an aptitude for convincing people, communicating, networking and thinking creatively, then Marketing would be the better option for you. Your personal skills also play a role in carving out the right path for you. For example, if you’re skilled in number-crunching and problem-solving, then Finance would be the better option for you.
Check out: MBA in Finance VS MBA in HR
If you opt for MBA in Finance, you will have the following job prospects:
The scope of an MBA in Finance is vast. Along with the banking industry, you can work in the finance wing of the corporate sector, financial consultancies, mutual funds, stock market and insurance sector.
If you opt for MBA in Marketing, you will have the following job prospects:
There is wide scope in media, retail, E-commerce, hospitality, advertising, branding, business analysis and any domain that requires marketing.
MBA is a prestigious degree and you will earn a good amount of money no matter what you specialize in, keeping in mind different factors such as your performance, the organization you work for, the location where you work in India, and the field you are working in. The marketing vs finance salary are similar, but MBA has an edge over Marketing vs Finance by a slight margin.
Particulars | Details |
Top colleges with high salary packages | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc. |
Avg. salary for MBA in Finance | Rs. 6,78,000 per annum |
Top recruiters for MBA in Finance | EY, HDFC Banks, Accenture, TCS, ICICI Banks |
Avg. salary for MBA in Marketing | Rs. 7,52,000 per annum |
MBA salary after 5 years of experience | Around Rs. 8,00,000 per annum |
MBA salary after 10 years of experience | Around Rs. 15,00,000 per annum |
MBA salary after 20 years of experience | Around Rs. 30,00,000 per annum |
Highest paying MBA salaries based on location in India | Top salaries- Gurgaon, Haryana Second- Silicon Valley, Bangalore |
With proper information, students can evaluate the pros and cons of both specializations to choose which one is better for them – MBA in Finance or MBA in Marketing.
Frequently Asked Questions (FAQs)
As per students, both specializations are better in MBA course.
In reality, the MBA curriculum is highly diverse, and both Finance and Marketing share similar coursework, making them nearly equally demanding for any student.
The choice between MBA in Finance or Marketing depends on whether you prefer working with numbers and analysis (Finance) or fostering creativity and relationships (Marketing) to shape your career direction effectively.
MBA in Marketing shows slightly better salary trends as compared to MBA in Finance. The average salary in India is Rs. 7.5 LPA for Marketing and Rs. 7 LPA for Finance.
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