5 ways in which correspondence in MBA Finance can transform your career

MBA in Finance is a postgraduate management degree with a specialisation in Finance that allows students to acquire comprehensive knowledge of fundamental aspects associated with the financial domain.

MBA in Finance prepares students for senior-level management jobs in the financial sector. Some of the primary concepts covered in this program include accounting for managers, business communication, quantitative methods of management, managerial economics, corporate finance, strategic management, investment analysis, and portfolio management, etc.

MBA in Finance: Eligibility and scope

The minimum eligibility requirement to enroll for MBA in Finance is a bachelors degree in any discipline with an aggregate of 50 per cent marks or equivalent (5 per cent relaxation for SC/ST candidates).

Finance is among the most sought-after MBA specialisations in India. Post completion of this program, individuals can advance their careers as asset managers, retail bankers, financial advisors, tax officers, investment bankers, risk managers, equity analysts, business analysts, etc. MBA (Finance) graduates are generally hired by well-reckoned companies at handsome salary packages. Typically, finance postgraduates can acquire a job with an average package between Rs 10-15 lakh per annum.

The rise of distance learning

Conventionally, distance education is defined as a learning procedure in which the learners and trainers are separated geographically. Earlier, there was no mode of direct interaction between students and teachers as well as among students themselves. Modern-day distance learning is highly influenced by technology. Students now have the opportunity to connect with each other as well as the faculty.

With the rapid growth of the internet and technology, over the years, there has been a significant transformation in distance learning. In fact, it has become one of the popular modes of education in India. It is especially popular among working professionals who wish to enhance their knowledge without leaving their current jobs.

Distance MBA in Finance: Ladder for professional growth

Career growth prospects for financial professionals are limited with an undergraduate degree only. Professionals often find their careers in a standstill. Therefore, acquiring an advanced degree such as an MBA in Finance would help professionals enhance their knowledge and growth prospects. However, leaving a current job to pursue a two years postgraduate course may not seem feasible as it may impact one’s regular flow of income.

This is where distance learning programs offer a smart solution for professionals to boost their career and future job prospects. Distance MBA in Finance can in many ways help financial professionals build their domain expertise. Some of the obvious advantages include:

Flexible learning experience

One of the primary reasons to enroll in a distance learning program is the flexibility that it renders the students. Professionals can learn at their own time - after working hours, or over the weekends. While classes are predetermined and conducted as per fixed schedules, students are allowed to reschedule the classes that they have missed.

For professionals who wish to advance their careers, improve their knowledge base or strengthen their skill sets, a distance learning program is an excellent option to do so without giving up on current work responsibilities. 

Ease of access 

Distance learning programmes are apt for individuals whose learning curve is restricted by time and lack of accessibility. This form of learning does away with conventional barriers of education that are caused by distance, making it possible for individuals to acquire knowledge anywhere with just the help of computer and internet connection.

Widens the scope of employment

A masters degree in finance opens up countless employment opportunities for professionals looking at advancing their careers in the financial domain. Distance MBA in Finance allows professionals to apply theoretical knowledge into the practical business world, thus enabling them to improve their proficiency and create better prospects in the existing company itself.

Improved earning capacity

A specialised degree in finance exponentially increases the earning capacity of an individual that goes well past the cost of pursuing the degree. Additionally, pursuing an MBA in Finance through correspondence means that one can continue with his or her present job while studying, so the current remuneration can easily compensate for a part if not the entire cost of the course.

Networking opportunities

Pursuing a professional degree in any field allows professionals to interact with industry experts and also other like-minded individuals. In traditional MBA programmes, networking opportunities are limited to peers attending the same program. However, distance learning allows professionals to connect and interact with their peers from across the globe. Modern distance learning programs include live lectures, discussion forums, chatrooms for students to connect with each other and share their views on various matters.

MBA in Finance is one of the most popular specialisations in India. An MBA in Finance allows students to be skilled in mathematics, financial management, economics, complex case-solving ability, etc.

Distance MBA programmes are a suitable option for entrepreneurs and working professionals who wish to sharpen their skills without taking a break from their professional life. It offers flexibility in tutorial timings, semester exams, submitting assignments, etc., thus allowing students the convenience and comfort of learning at their own time and pace.

About the author:

Sahil is a writer and an education counsellor for management studies. Sahil, Chief Education officer at Talentedge, has over nine years of experience in the education sector.