What is the Scope of MBA From IIM in Finance and HR

Finance is the life-blood of any business. It is important for management students to understand and manage day to day finances whether they are working or engaged in their own business. MBA in finance can open a lot of avenues for a student. It will never go out of date as a finance manager would always be needed to manage the costs and funds irrespective of any company or industry. Finance is one of the most sought after specialization which is concerned about the planning and controlling of financial resources of an organization. A degree in Finance from top- tier institutions like IIM would also increase your chances of hefty salary and other perks with knowledge of core finance. Finance and Accounting consists of subjects like Banking, Financial Markets and Systems, Corporate Valuation, Financial Statement Analysis, Global Securities Markets, Financial Derivatives, Restructuring, Sustainable Finance and Business, Security Analysis and Portfolio Management, Fixed Income Securities, Advanced Derivatives Applications, Risk Management, etc. The diversification of subjects in IIM MBA Courses broadens your core knowledge and increases your choice in the future. 

A Financer is responsible to design strategies to raise capital from different sources for effective funding of projects. He or she also assesses risks and benefits involved in projects as per the market economics. So, if you are interested in share markets, bonds and equity market you may choose to work as mutual fund investor or financial analyst. If you are interested in asset management then you may choose to work as Portfolio Manager.

MBA in Finance Scope

Investment Banker: An Investment Banker builds strong client relationships and helps clients raise money in capital markets by issuing debt or selling equity in the companies. Investment Bankers assist clients with Mergers and Acquisitions (M&As) and advising them on unique investment opportunities such as derivatives.

Financial Analyst: A Financial Analyst is responsible for analysis of current financial trends and help the company to grow with the right strategy and recommends actions to management.

Market Analyst: Market research analysts are responsible for the collection of data on consumer demographics, preferences, needs, and buying habits of consumers. Market research analysts evaluate data using statistical techniques and software to help a company market its products or services. The background of finance helps tremendously and gives you an edge even as a Market Analyst.

Asset Managers: Assisting in all aspects of the administrative, financial, capital and operations of the assigned portfolio is the major function of the Asset Manager. Other essential functions include overseeing the activities of local third party property managers and leasing agents and propose goals and objectives for each property.

Rural Banking:  Regional Rural Banks (RRBs) deal with the rural population and grant loans to small and marginal farmers, agricultural labourers, co-operative societies and individuals including artisans, small entrepreneurs and persons of small means. With different policies introduced by government for farmers and entrepreneurship, this area presents a tremendous scope of growth in itself.

Further, strong research background in an IIM will provide you a good platform to learn new things everyday in your domain. There are also many databases available in research labs of IIMs. For example IIMU provides usage of databases like Bloomberg, Thomson Reuters and Ace Equity which help students to remain up-to-date in their domain and also train them to use the newest software to practice and understand online financial markets.

MBA in Finance Scope in India

MBA in finance is often treated as a way of securing a stable, high-paying and lucrative career that offers excellent employment opportunities and preferentials to climb the corporate ladder. MBA in finance in India broadly offers the basic understanding of financial concepts from a managerial perspective. The institutes offering the course train the professionals with the skills of analytical thinking, concepts of making managerial financial decisions, striking a balance between risk and profitability and evolving financial consolidation process for different business modules.  

Human Resource Management

Given the culture of an organization plays a huge role, people management and communication are evidently quite important. In the world of VUCA (volatility, uncertainty, complexity, and ambiguity) it has become the need of the hour to manage people efficiently for best performance. Human Resource is involved in the process of hiring and developing the workforce of an organization.  

There are both explicit and internal benefits if you pursue your MBA in Human Resource Management from an Institute like IIMs. These institutions have better industry orientation than other small private institutions and of course better branding which will provide an abundance of opportunities in the future.

Scope Of MBA in HR

Human Resource Manager: HR managers are involved in planning, recruitment, and coordination of administrative functions with other departments. They are also involved in strategic management and employee redressals. Nowadays HR manager plays a huge role in an organization and acts as a link between the organization’s management and its employees. They delegate the right person to the right job, which ensures smooth sailing and stability for the organization. They also evaluate performance and design succession planning to create an equal balance and ensures retaining talents. 

Consultancy Firm: The Human Resource Consultant provides client companies with consultation and advice on matters typically assigned to the Human Resource function. This position provides tactical fundamental support to the client’s top management consultant. They are also responsible for employee management laws, policies and procedures, sexual harassment, discrimination and matter of compliance.

Essential functions

• Advising clients on legal ramifications of federal and state laws, court precedent and rulings
• Documentation and maintenance of HR records and metrics to provide feedback to clients
• Directing clients to the appropriate tools and resources
• Serving as a sounding board in validating the client’s decision

Broadly, in conclusion, an all rounded personality and industry ready students from top-tier institutions can make a good career in any field whether it is as a Finance Manager or Human Resource Manager. With the nature of the job roles changing rapidly, it is evident that whichever MBA program you choose, you have to be constantly upgrading and developing yourself. It also depends on the skills acquired during the participation in various activities on campus. The scope is wide and open for a skillful student. The best way to achieve this is to choose to study something that equips you with the skills necessary for the aforementioned jobs.

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