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Online MBA in Finance & Accounting Management

Online MBA in Finance & Accounting Management is one of the most prestigious and respected course in management studies. As India's economy continues to grow, the demand for skilled finance professionals who can manage complex financial operations and strategies is increasing. An MBA in Finance & Accounting equips professionals with the necessary skills to navigate this dynamic landscape. These course duration may vary from 1.5 year (one and a half year) to 2 (two) year.

Why Online MBA in Finance & Accounting Management

During the course program the professionals can develop financial skill, and analyze risk management portfolios, plan investment strategies, and become well versed in accounting principles. These skills are essential for roles in corporate finance, investment banking, financial consulting, and more. These online MBA in Finance &Accounting Management courses are specially crafted for mid-career professionals who are more into strategic financial decision-making.

Top Universities for Online MBA in Finance & Accounting Management

  1. Indian School of Business (ISB)
  2. Amity University Online
  3. Symbiosis Centre for Distance Learning (SCDL)
  4. IGNOU (Indira Gandhi National Open University)
  5. Narsee Monjee Institute of Management Studies (NMIMS) Global Access School for Continuing Education
  6. ICFAI University (Institute of Chartered Financial Analysts of India)
  7. University of Madras, Institute of Distance Education

All these above mentioned institutes that provide flexible learning programs for working professionals with extensive coverage of finance and accounting topics. While studying this course, industry relevant curriculum with major emphasis on financial analysis and accounting.

These programs are designed to cater to the needs of working professionals and provide a comprehensive education in finance and accounting management. Always check the specific details, accreditation, and industry recognition of the programs to ensure they meet your career goals and requirements.

Major Subjects of Online MBA in Finance & Accounting Management

The course curriculum for an Online MBA in Finance & Accounting Management in India typically includes a mix of core management subjects and specialized courses in finance and accounting. Here’s a general outline of the curriculum:

Core Management Subjects
  1. Principles of Management:
    • Introduction to management concepts and practices.
    • Organizational behavior and development.
  2. Marketing Management:
    • Marketing principles and strategies.
    • Consumer behavior and market research.
  3. Human Resource Management:
    • Recruitment, training, and development.
    • Performance management and employee relations.
  4. Operations Management:
    • Production planning and control.
    • Supply chain management and logistics.
  5. Business Communication:
    • Effective communication strategies.
    • Business writing and presentation skills.
  6. Business Law and Ethics:
    • Legal aspects of business.
    • Ethical decision-making in business.
Specialized Finance & Accounting Subjects
  1. Financial Accounting:
    • Principles of accounting and financial statements.
    • Preparation and analysis of financial reports.
  2. Managerial Accounting:
    • Cost accounting and control.
    • Budgeting and performance evaluation.
  3. Corporate Finance:
    • Financial management principles.
    • Capital budgeting and investment decisions.
  4. Financial Markets and Institutions:
    • Structure and functioning of financial markets.
    • Role of financial institutions and regulatory bodies.
  5. Investment Analysis and Portfolio Management:
    • Investment theories and strategies.
    • Portfolio construction and management.
  6. International Finance:
    • Global financial environment.
    • Foreign exchange markets and international financial management.
  7. Financial Risk Management:
    • Identification and management of financial risks.
    • Derivatives and risk mitigation strategies.
  8. Taxation and Tax Planning:
    • Income tax laws and regulations.
    • Tax planning for individuals and businesses.
  9. Auditing and Assurance:
    • Principles and practices of auditing.
    • Internal controls and compliance.
  10. Strategic Financial Management:
    • Strategic planning and financial decision-making.
    • Corporate restructuring and mergers & acquisitions.

This curriculum is designed to provide a comprehensive understanding of finance and accounting, equipping students with the skills necessary to excel in various financial roles. The specific courses and structure may vary slightly depending on the university or institution offering the program.

Online MBA in Finance & Accounting Management Eligibility

Eligibility criteria for an Online MBA in Finance & Accounting Management in India can vary in every university or institution.

  • The candidate should have completed Bachelor’s degree in Arts, humanities, commerce or science. He / She can also be an engineering graduate and must have attained atleast 50% or more marks.
  • Some online MBA programs, especially those targeting working professionals, may require candidates to have relevant work experience, usually ranging from 1 to 3 years.
Online MBA in Finance & Accounting Management Fees

The fees for an Online MBA in Finance & Accounting Management in India can vary widely depending on the institution, the program's duration, and the additional resources provided. Here’s a general range of the fee structure for some of the popular institutions offering this program:

Fee Range
  1. Indian School of Business (ISB)
    • Program: Post Graduate Program in Management for Working Professionals (PGPpro)
    • Approximate Fees: ₹15,00,000 - ₹20,00,000
  2. Amity University Online
    • Program: Online MBA in Finance & Accounting
    • Approximate Fees: ₹2,50,000 - ₹3,00,000
  3. Symbiosis Centre for Distance Learning (SCDL)
    • Program: Post Graduate Diploma in Business Administration (PGDBA) with Finance specialization
    • Approximate Fees: ₹60,000 - ₹1,00,000
  4. IGNOU (Indira Gandhi National Open University)
    • Program: MBA with specialization in Finance
    • Approximate Fees: ₹50,000 - ₹60,000
  5. Narsee Monjee Institute of Management Studies (NMIMS) Global Access School for Continuing Education
    • Program: Online MBA (Distance) in Finance Management
    • Approximate Fees: ₹1,50,000 - ₹2,00,000
  6. Manipal University Online
    • Program: Online MBA with specialization in Finance
    • Approximate Fees: ₹1,00,000 - ₹1,50,000
  7. Lovely Professional University (LPU) Online
    • Program: Online MBA with specialization in Finance
    • Approximate Fees: ₹1,00,000 - ₹1,50,000
  8. ICFAI University (Institute of Chartered Financial Analysts of India)
    • Program: Online MBA with Finance specialization
    • Approximate Fees: ₹65,000 - ₹1,00,000
  9. Annamalai University
    • Program: Online MBA in Finance
    • Approximate Fees: ₹40,000 - ₹50,000
  10. University of Madras, Institute of Distance Education
    • Program: MBA with specialization in Finance Management
    • Approximate Fees: ₹25,000 - ₹40,000
Factors Affecting Fees
  1. Institution Reputation: Prestigious institutions with higher rankings tend to charge more for their programs.
  2. Program Duration: Programs that are more intensive or offer additional resources such as live online classes, mentorship, and industry interaction may have higher fees.
  3. Accreditation and Certification: Programs with multiple accreditations and internationally recognized certifications may charge higher fees.
  4. Additional Services: Value-added services such as career counseling, placement assistance, and access to premium resources can increase the overall cost.
Payment Options

Many institutions offer flexible payment options, including installment plans, education loans, and scholarships. Prospective students should explore these options to manage their financial commitments better.

Conclusion

The fees for an Online MBA in Finance & Accounting Management can range from as low as ₹25,000 to as high as ₹20,00,000, depending on the institution and program specifics. It's important to consider the return on investment, including the quality of education, faculty, networking opportunities, and career support services offered by the institution when choosing a program.

Online MBA in Finance & Accounting Management Admission Procedure

Online MBA in Finance & Accounting Management Admission Procedure are very simple yet rewarding. Here are few steps mentioned that will help you to have a better understanding.

  1. Application Form: Fill out the online application form provided by the university. This typically includes personal details, educational background, work experience, and sometimes an essay or statement of purpose.
  2. Submission of Documents: You will likely need to submit scanned copies of your academic transcripts, degree certificates, entrance exam scores (if applicable), passport-sized photographs, and identification proof.
  3. Interview (if applicable): Some institutions may conduct a personal interview either in person or online to assess your suitability for the program.
  4. Application Fee: Pay the application fee as specified by the university. This fee is non-refundable and varies across institutions.
  5. Admission Decision: After reviewing your application, entrance exam scores (if applicable), and interview (if conducted), the university will notify you of their admission decision.
  6. Acceptance and Enrollment: If accepted, you will receive an admission offer. Follow the instructions provided to confirm your acceptance and complete the enrollment process, which may involve paying a tuition deposit.

Job Opportunities After Online MBA in Finance & Accounting Management

After completing an Online MBA in Finance & Accounting Management, you can explore various job opportunities both in India and abroad. Here are some potential career paths and job opportunities:

India:
  1. Financial Analyst: Analyzing financial data, preparing reports, and advising on investment decisions.
  2. Accounting Manager: Overseeing financial reporting, budgeting, and compliance within organizations.
  3. Corporate Treasurer: Managing corporate liquidity, investments, and financial risks.
  4. Tax Manager: Handling tax planning, compliance, and reporting for businesses.
  5. Financial Controller: Monitoring financial operations, preparing financial statements, and ensuring regulatory compliance.
  6. Risk Manager: Identifying and mitigating financial risks within organizations.
Abroad:
  1. International Financial Analyst: Analyzing global financial markets and advising on international investment strategies.
  2. International Tax Consultant: Providing tax planning and compliance services for multinational corporations.
  3. Financial Planning and Analysis Manager: Overseeing financial forecasting, budgeting, and analysis for global operations.
  4. Audit Manager: Managing audit processes and ensuring compliance with international accounting standards.
  5. Investment Banking Associate: Assisting in financial transactions, mergers, and acquisitions on a global scale.
  6. Management Consultant: Providing strategic financial advice and solutions to multinational companies.
Overall, an Online MBA in Finance & Accounting Management equips you with the skills and knowledge necessary to pursue diverse career paths in finance and accounting, both domestically and internationally, depending on your career aspirations and professional goals.
  1. Entrepreneurship: For aspiring entrepreneurs, understanding finance and accounting is crucial for managing their businesses effectively. An MBA in this field provides the knowledge needed to make informed financial decisions, manage budgets, and attract investors.
  2. Global Opportunities: An online MBA often includes a global perspective on finance and accounting, preparing students for opportunities both within India and internationally. This is particularly important in an increasingly globalized economy.
  3. Networking: Online MBA programs often bring together a diverse group of professionals from various industries and geographies. This networking can lead to new business opportunities, collaborations, and professional relationships that can be valuable throughout one’s career.
  4. Technological Integration: With the advent of fintech and other technological advancements, finance professionals need to stay updated on the latest trends and tools. Online MBA programs frequently incorporate these technological aspects, ensuring that graduates are well-versed in current and emerging technologies in finance.
  5. Accreditation and Quality: Many online MBA programs in India are offered by reputed institutions that ensure high academic standards and quality education. This accreditation adds value to the degree, making graduates more attractive to employers.

Overall, an Online MBA in Finance & Accounting Management is a strategic investment for professionals looking to advance their careers, enhance their skill sets, and stay competitive in the fast-evolving financial landscape of India.