The ever-evolving world of finance demands professionals who can continuously learn and adapt to new challenges. As an MBA Finance graduate, you already possess a strong foundation in financial management, but there’s always more to learn. With an array of specialized courses and certifications available, it’s essential to know which ones can provide the most significant boost to your career.
This article aims to present the top courses that MBA Finance graduates can pursue in India to enhance their career prospects and knowledge. We will discuss the benefits of undertaking these additional courses, factors to consider when choosing a course, and the top institutions offering these programs. Let’s dive into the world of opportunities that await you!
Why Pursue Additional Courses After an MBA Finance?
Upskilling is vital for staying relevant and competitive in the dynamic financial industry. Pursuing specialized courses after an MBA Finance can provide you with numerous benefits, including:
- Competitive advantage: With the job market becoming increasingly competitive, having additional certifications will distinguish you from your peers and enhance your employability.
- Diversifying skill sets: As finance evolves, so do the skills required by professionals. Acquiring new skills and qualifications can open up new career opportunities and broaden your horizons.
- Staying updated: The financial sector is constantly changing, and it’s crucial to stay abreast of the latest industry trends, techniques, and tools. Additional courses can help you keep pace with these changes and maintain your expertise.
Top Courses to Pursue after an MBA Finance
Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) Program is a globally recognized and highly respected certification for finance professionals, administered by the CFA Institute. It focuses on investment management, including portfolio management, financial analysis, and wealth management. The program consists of three levels and typically requires 2-4 years to finish.
Why Pursue CFA After MBA Finance?
Pursuing a CFA after an MBA Finance can demonstrate a deep understanding of investment analysis and portfolio management, making you more competitive in the job market.
Cost of doing CFA
₹4 Lakh to ₹5 Lakh approximately
Average Salary After CFA
CFA charterholders in India can expect an average annual salary ranging from ₹10 lakhs to ₹25 lakhs, depending on factors like experience and job role.
Job Opportunities After CFA
The CFA designation can open up various job opportunities in the financial industry, such as investment analyst, portfolio manager, wealth manager, risk manager, financial consultant, and research analyst. CFA charterholders are also in demand in investment banks, asset management firms, hedge funds, private equity firms, and financial consulting firms.
For more details: CFA Jobs in India – Scope, Salary, and Recruiters
Top Institutions Offering CFA Coaching
Some of the top institutions offering CFA preparation courses in India include:
- IMS Proschool
- Edupristine
- CFA Institute’s Official Learning Platform
Financial Risk Manager (FRM)
The Financial Risk Manager (FRM) certification, offered by the Global Association of Risk Professionals (GARP), is a prestigious designation for risk management professionals. The program covers topics such as market risk, credit risk, operational risk, and risk management in investments. The course consists of two parts, and candidates can complete it within 1-2 years.
Why Pursue FRM After MBA Finance?
Pursuing an FRM after an MBA Finance showcases your expertise in identifying, analyzing, and mitigating financial risks, making you a valuable asset to employers in the finance industry.
Cost of doing FRM
The cost of the FRM Program varies depending on when you register for the exam. The one-time enrollment fee is $400, and the standard registration fee for each part ranges from $550 to $750. Additional costs may apply for preparation courses offered by various institutions.
Average Salary After FRM
In India, professionals who have earned the FRM certification can anticipate an average yearly salary between ₹8 lakhs to ₹20 lakhs, which varies based on elements such as their experience, job position, and geographical location.
Job Opportunities After FRM
The FRM certification can open up various job opportunities in the financial industry, such as risk analyst, credit risk manager, market risk manager, operational risk manager, and risk consultant. FRM-certified professionals are in demand in banks, investment firms, insurance companies, consulting firms, and regulatory agencies.
For more details, read: FRM Jobs in India – Scope, salary and Recruiters
Top Institutions Offering FRM Coaching
Some of the top institutions offering FRM preparation courses in India include:
- Quintedge
- Edupristine
- Fintree
Certified Management Accountant (CMA)
The CMA certification, offered by the Institute of Management Accountants (IMA), concentrates on management accounting, financial analysis, planning, and decision-making. The course has two parts which can be completed within 12-18 months.
Why Pursue CMA After MBA Finance?
Pursuing a CMA after an MBA Finance enhances your skills in strategic financial planning and analysis, setting you apart from your peers and increasing your value to potential employers.
Cost of doing CMA
The cost of the CMA Program includes a one-time IMA membership fee ($245 for professionals, $39 for students) and an entrance fee ($250). The standard exam fee for each part is $415 for professionals and $311 for students. Additional costs may apply for preparation courses offered by various institutions.
Average Salary After CMA
Professionals in India who have attained the CMA certification can anticipate an average yearly salary between ₹7 lakhs to ₹20 lakhs, which varies based on elements such as their experience, job position, and geographical location.
Job Opportunities After CMA
The CMA certification can open up various job opportunities in the financial industry, such as management accountant, financial analyst, financial controller, finance manager, and chief financial officer. CMA-certified professionals are in demand in corporations, consulting firms, and government agencies.
Top Institutions Offering CMA Coaching
Some of the top institutions offering CMA preparation courses in India include:
- Wiley
- EduPristine
- Miles Education
Certified Financial Planner (CFP)
The Certified Financial Planner (CFP) certification, provided by the Financial Planning Standards Board (FPSB), is a highly regarded credential globally acknowledged for financial planning professionals. The program covers topics such as financial planning, which includes investment planning, insurance planning, tax planning, retirement planning, and estate planning. The course consists of multiple modules which can be completed within 12 to 18 months.
Why Pursue CFP After MBA Finance?
Pursuing a CFP after an MBA Finance demonstrates your expertise in creating comprehensive financial plans tailored to individual clients’ needs, making you a valuable asset to employers in the financial industry.
Cost of doing CFP
The expense of the CFP Program encompasses a one-time registration fee (₹12,000), module fees (₹18,000 per module), and examination fees (₹5,000 per exam).Additional costs may apply for preparation courses offered by various institutions.
Average Salary After CFP
In India, professionals who have earned the CFP certification can anticipate an average yearly salary between ₹6 lakhs to ₹18 lakhs, which varies based on elements such as their experience, job position, and geographical location.
Job Opportunities After CFP
The CFP certification can open up various job opportunities in the financial industry, such as financial planner, wealth manager, investment advisor, insurance planner, and estate planner. CFP-certified professionals are in demand in banks, wealth management firms, insurance companies, and financial planning consultancies.
Top Institutions Offering CFP Coaching
Some of the top institutions offering CFP preparation courses in India include:
- International College of Financial Planning (ICoFP)
- Ambition Learning Solutions
- IMS Proschool
Financial Modeling and Valuations
Financial Modeling and Valuation is a globally recognized skill for professionals aspiring to get into core finance jobs. The certification covers topics such as Excel-based financial modeling, business valuation, and financial analysis. The course consists of multiple modules and can be completed within 4-6 months.
Why Pursue FMV Course After MBA Finance?
Pursuing an FMVA after an MBA Finance showcases your expertise in creating financial models, valuing businesses, and analyzing financial data, making you a valuable asset to employers in the finance industry.
Cost of doing FMV Course
The cost of the FMV Program can range from $400 to $500, which depends upon the institution and the level of details of the particular course.
Average Salary After FMV Course
Professionals who have obtained the FMVA certification in India can expect an average yearly salary ranging from ₹8 lakhs to ₹22 lakhs, which varies based on factors such as their experience, job role, and location.
Job Opportunities After FMV Course
The FMVA certification can open up various job opportunities in the financial industry, such as financial analyst, financial modeler, valuation analyst, investment banker, and equity research analyst. FMVA-certified professionals are in demand in investment banks, private equity firms, hedge funds, and financial consulting firms.
Top Institutions Offering FMV Course
Some of the top institutions offering FMV course in India include:
- Quintedge
- Edupristine
- IMS Proschool
Certified Public Accountant (CPA)
The CPA certification, offered by the American Institute of Certified Public Accountants (AICPA), is a highly respected credential for accounting professionals worldwide. The program covers topics such as auditing, financial accounting and reporting, regulation, and business environment and concepts. The course consists of four sections and can be completed within 12-18 months.
Why Pursue CPA After MBA Finance?
Pursuing a CPA after an MBA Finance enhances your skills in accounting, financial reporting, and auditing, making you a valuable asset to employers in the finance and accounting industries.
Cost of doing CPA
The cost of the CPA Program includes a one-time application fee ($150-$200, depending on the jurisdiction) and an examination fee for each section ($226.15 per section). Additional costs may apply for preparation courses offered by various institutions.
Average Salary After CPA
In India, professionals who have earned the CPA certification can expect an average yearly salary ranging from ₹8 lakhs to ₹25 lakhs, which varies based on factors such as their experience, job role, and location.
Job Opportunities After CPA
The CPA certification can open up various job opportunities in the financial and accounting industries, such as public accountant, auditor, tax consultant, financial analyst, and financial controller. CPA-certified professionals are in demand in accounting firms, corporations, government agencies, and non-profit organizations.
Top Institutions Offering CPA Coaching
Some of the top institutions offering CPA preparation courses in India include:
- Becker Professional Education
- Wiley CPAexcel
- Miles Education
Advanced Management Program (AMP) or PhD in Finance
The Advanced Management Program (AMP), also called PhD in Finance is an executive education program designed for experienced finance professionals seeking to broaden their understanding of finance and leadership. The program covers topics such as corporate finance, financial strategy, risk management, and leadership development. The course duration varies depending on the institution, typically ranging from a few weeks to several months.
Why Pursue AMP After MBA Finance?
Pursuing an AMP in Finance after an MBA Finance can help you develop strategic thinking, enhance decision-making abilities, and improve leadership skills, making you a more effective leader in the finance industry.
Cost of doing AMP
The cost of the AMP in Finance varies depending on the institution and program duration. It can range from ₹2 lakhs to ₹15 lakhs or more. Some institutions may offer scholarships or financial aid to help cover the program fees.
Average Salary After AMP
Professionals who complete an AMP in Finance can expect an average annual salary ranging from ₹15 lakhs to ₹35 lakhs or more, depending on factors like experience, job role, and location.
Job Opportunities After AMP
The AMP in Finance can open up various job opportunities in the financial industry, such as finance director, chief financial officer, financial consultant, and senior finance manager. Professionals who complete an AMP in Finance are in demand in corporations, banks, investment firms, and financial consulting firms.
Top Institutions Offering AMP
Some of the top institutions offering Advanced Management Programs in Finance in India and globally include
- Indian School of Business (ISB)
- Indian Institute of Management (IIM) Bangalore
- Harvard Business School (HBS)
Factors to Consider When Choosing a Course
- Personal interests and career goals: It’s essential to choose a course that aligns with your interests and long-term career objectives.
- Time commitment and course duration: Consider the time you can dedicate to the program and how it fits into your schedule.
- Financial investment: Evaluate the cost of the course, including tuition, study materials, and examination fees, to ensure it aligns with your budget.
- Reputation and accreditation of the institution offering the course: Research the credibility of the institution providing the course and whether it is accredited by relevant industry organizations.
Conclusion
Continuous learning is critical for staying ahead in the ever-evolving world of finance. By pursuing top courses after your MBA Finance in India, you can enhance your career growth and maintain a competitive edge in the financial industry.
By selecting the appropriate program, you can broaden your range of expertise and open up fresh opportunities in the finance industry. The journey to success never ends, so embrace the challenge and keep learning!
Frequently Asked Questions
If your MBA is from top 20 MBA Colleges and you have a good campus placement then you should take that ahead otherwise you can consider the latter option.
The candidates have a wide range of job options with an MBA in finance. These professionals include chief financial officers, business analysts, credit managers, hedge fund managers, and financial analysts, among others.
CA Yash Jain
Bain & Co.
5000+ Students Trained in the field of Investment Banking, FRM & CFA